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HMSNF (Hammerson) Cyclically Adjusted PB Ratio : 0.12 (As of May. 30, 2025)


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What is Hammerson Cyclically Adjusted PB Ratio?

As of today (2025-05-30), Hammerson's current share price is $3.45. Hammerson's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was $27.96. Hammerson's Cyclically Adjusted PB Ratio for today is 0.12.

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

HMSNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.14   Max: 0.92
Current: 0.12

During the past 13 years, Hammerson's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.05. And the median was 0.14.

HMSNF's Cyclically Adjusted PB Ratio is ranked better than
96.16% of 521 companies
in the REITs industry
Industry Median: 0.79 vs HMSNF: 0.12

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.

Hammerson's adjusted book value per share data of for the fiscal year that ended in Dec24 was $4.694. 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 $27.96 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hammerson Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hammerson'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.

Hammerson Cyclically Adjusted PB Ratio Chart

Hammerson Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.12 0.08 0.11 0.12

Hammerson Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.08 - 0.11 - 0.12

Competitive Comparison of Hammerson's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Hammerson'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.


Hammerson's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Hammerson 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.

Hammerson's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.45/27.96
=0.12

* 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.

Hammerson's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Hammerson's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=4.694/135.1000*135.1000
=4.694

Current CPI (Dec24) = 135.1000.

Hammerson Annual Data

Book Value per Share CPI Adj_Book
201512 48.076 100.400 64.692
201612 41.507 102.200 54.869
201712 46.419 105.000 59.726
201812 40.972 107.100 51.684
201912 34.181 108.500 42.561
202012 10.630 109.400 13.127
202112 8.277 114.700 9.749
202212 6.340 125.300 6.836
202312 6.261 130.500 6.482
202412 4.694 135.100 4.694

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.


Hammerson  (OTCPK:HMSNF) 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.


Hammerson Cyclically Adjusted PB Ratio Related Terms

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


Hammerson Business Description

Industry
Traded in Other Exchanges
Address
66 Seymour Street, Marble Arch House, London, GBR, W1H 5BX
Hammerson PLC is a real estate investment trust based in the United Kingdom. The company invests in, manages, and develops retail properties in Europe. The REIT's portfolio includes shopping centers, retail parks, outlets, and development projects. The company categorizes its operations into three segments based on geography: the United Kingdom segment, which delivers the majority of total revenue, the France segment, and the Ireland segment. The company generates revenue mainly from leasing its properties to retail tenants.