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NEPI Rockcastle NV (JSE:NRP) Cyclically Adjusted PB Ratio : 1.14 (As of May. 24, 2024)


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What is NEPI Rockcastle NV Cyclically Adjusted PB Ratio?

As of today (2024-05-24), NEPI Rockcastle NV's current share price is R131.00. NEPI Rockcastle NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was R115.22. NEPI Rockcastle NV's Cyclically Adjusted PB Ratio for today is 1.14.

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

JSE:NRP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.32   Max: 5.29
Current: 1.09

During the past 13 years, NEPI Rockcastle NV's highest Cyclically Adjusted PB Ratio was 5.29. The lowest was 0.86. And the median was 1.32.

JSE:NRP's Cyclically Adjusted PB Ratio is ranked worse than
66.52% of 1335 companies
in the Real Estate industry
Industry Median: 0.71 vs JSE:NRP: 1.09

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.

NEPI Rockcastle NV's adjusted book value per share data of for the fiscal year that ended in Dec23 was R132.364. 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 R115.22 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEPI Rockcastle NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NEPI Rockcastle NV'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.

NEPI Rockcastle NV Cyclically Adjusted PB Ratio Chart

NEPI Rockcastle NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.21 1.18 0.97 1.10

NEPI Rockcastle NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.18 - 0.97 - 1.10

Competitive Comparison of NEPI Rockcastle NV's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, NEPI Rockcastle NV'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.


NEPI Rockcastle NV's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



NEPI Rockcastle NV 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.

NEPI Rockcastle NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=131.00/115.22
=1.14

* 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.

NEPI Rockcastle NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, NEPI Rockcastle NV's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=132.364/126.4500*126.4500
=132.364

Current CPI (Dec23) = 126.4500.

NEPI Rockcastle NV Annual Data

Book Value per Share CPI Adj_Book
201412 60.949 99.050 77.809
201512 78.453 99.730 99.472
201612 78.997 100.710 99.187
201712 100.638 101.970 124.798
201812 103.354 103.970 125.701
201912 104.648 106.800 123.902
202012 109.610 107.850 128.514
202112 109.537 114.010 121.489
202212 117.572 124.940 118.993
202312 132.364 126.450 132.364

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.


NEPI Rockcastle NV  (JSE:NRP) 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.


NEPI Rockcastle NV Cyclically Adjusted PB Ratio Related Terms

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


NEPI Rockcastle NV (JSE:NRP) Business Description

Industry
Traded in Other Exchanges
Address
Claude Debussylaan 7-29, Tribes Offices SOM Building 3rd Floor, Amsterdam, NH, NLD, 1082MC
NEPI Rockcastle NV is a commercial property investor and developer. The business activities of the group have functioned through Retail, Office, Residential, Industrial, and Corporate segments. The Retail segment acquires, develops and leases retail properties in Romania, Slovakia, Czech Republic, Serbia, and Croatia; the Office segment acquires, develops and leases office properties in Romania and Slovakia; the Industrial segment acquires, develops and leases industrial facilities in Romania, and Corporate segment focuses on activities related to financing expenses. The vast majority of its contracted rentable areas are occupied by large tenants and major franchises. The company generates revenue from rent and expense recovery.