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STORE Capital (FRA:S76) Cyclically Adjusted PB Ratio : 2.02 (As of May. 12, 2024)


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What is STORE Capital Cyclically Adjusted PB Ratio?

As of today (2024-05-12), STORE Capital's current share price is €29.025. STORE Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec21 was €14.39. STORE Capital's Cyclically Adjusted PB Ratio for today is 2.02.

The historical rank and industry rank for STORE Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:S76's Cyclically Adjusted PB Ratio is not ranked *
in the REITs industry.
Industry Median: 0.77
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

STORE Capital's adjusted book value per share data of for the fiscal year that ended in Dec21 was €16.627. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €14.39 for the trailing ten years ended in Dec21.

Shiller PE for Stocks: The True Measure of Stock Valuation


STORE Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for STORE Capital's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

STORE Capital Cyclically Adjusted PB Ratio Chart

STORE Capital Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
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STORE Capital Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.12 - - -

Competitive Comparison of STORE Capital's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, STORE Capital's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


STORE Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, STORE Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where STORE Capital's Cyclically Adjusted PB Ratio falls into.



STORE Capital Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

STORE Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.025/14.39
=2.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

STORE Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec21 is calculated as:

For example, STORE Capital's adjusted Book Value per Share data for the fiscal year that ended in Dec21 was:

Adj_Book=Book Value per Share/CPI of Dec21 (Change)*Current CPI (Dec21)
=16.627/117.6295*117.6295
=16.627

Current CPI (Dec21) = 117.6295.

STORE Capital Annual Data

Book Value per Share CPI Adj_Book
201212 3.414 96.871 4.146
201312 5.093 98.326 6.093
201412 11.141 99.070 13.228
201512 13.424 99.792 15.823
201612 14.774 101.863 17.061
201712 13.828 104.011 15.639
201812 15.362 105.998 17.048
201912 16.833 108.420 18.263
202012 15.493 109.897 16.583
202112 16.627 117.630 16.627

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


STORE Capital  (FRA:S76) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


STORE Capital Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of STORE Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


STORE Capital (FRA:S76) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8377 East Hartford Drive, Suite 100, Scottsdale, AZ, USA, 85255
STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE's revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE's total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE's investments as well.

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