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Safari Investments RSA (JSE:SAR) Cyclically Adjusted PB Ratio : 0.53 (As of Jun. 21, 2024)


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What is Safari Investments RSA Cyclically Adjusted PB Ratio?

As of today (2024-06-21), Safari Investments RSA's current share price is R5.60. Safari Investments RSA's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was R10.62. Safari Investments RSA's Cyclically Adjusted PB Ratio for today is 0.53.

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

JSE:SAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.51   Max: 0.62
Current: 0.53

During the past 13 years, Safari Investments RSA's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.31. And the median was 0.51.

JSE:SAR's Cyclically Adjusted PB Ratio is ranked better than
66.19% of 494 companies
in the REITs industry
Industry Median: 0.735 vs JSE:SAR: 0.53

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.

Safari Investments RSA's adjusted book value per share data of for the fiscal year that ended in Mar23 was R9.433. 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 R10.62 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Safari Investments RSA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Safari Investments RSA'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.

Safari Investments RSA Cyclically Adjusted PB Ratio Chart

Safari Investments RSA Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.35 0.39 0.53 0.53

Safari Investments RSA Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.53 - 0.53 -

Competitive Comparison of Safari Investments RSA's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Safari Investments RSA'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.


Safari Investments RSA's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Safari Investments RSA 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.

Safari Investments RSA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.60/10.62
=0.53

* 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.

Safari Investments RSA's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Safari Investments RSA's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=9.433/147.5864*147.5864
=9.433

Current CPI (Mar23) = 147.5864.

Safari Investments RSA Annual Data

Book Value per Share CPI Adj_Book
201403 9.195 94.723 14.327
201503 8.761 98.538 13.122
201603 8.541 104.969 12.009
201703 8.698 111.400 11.523
201803 8.242 115.542 10.528
201903 7.226 120.774 8.830
202003 6.377 125.679 7.489
202103 8.336 129.628 9.491
202203 8.822 137.594 9.463
202303 9.433 147.586 9.433

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.


Safari Investments RSA  (JSE:SAR) 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.


Safari Investments RSA Cyclically Adjusted PB Ratio Related Terms

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


Safari Investments RSA (JSE:SAR) Business Description

Traded in Other Exchanges
N/A
Address
410 Lynnwood Road, Lynnwood, Pretoria, GT, ZAF, 0081
Safari Investments RSA Ltd is a real estate investment trust. The Company earns revenue from the leasing of investment property and recoveries of property expenses. The company's operating segment includes Atteridgeville, Mamelodi, Sebokeng, Limpopo, Heidelberg, and Namibia. It generates maximum revenue from the Atteridgeville segment.