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VEREIT (VEREIT) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)


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What is VEREIT Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VEREIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for VEREIT'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.

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VEREIT Cyclically Adjusted PB Ratio Chart

VEREIT Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PB Ratio
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VEREIT Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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Competitive Comparison of VEREIT's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, VEREIT'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.


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

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

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



VEREIT 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.

VEREIT's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, VEREIT's adjusted Book Value per Share data for the three months ended in Sep. 2021 was:

Adj_Book=Book Value per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=27.474/115.7343*115.7343
=27.474

Current CPI (Sep. 2021) = 115.7343.

VEREIT Quarterly Data

Book Value per Share CPI Adj_Book
201112 36.615 95.213 44.506
201203 35.208 96.783 42.102
201206 39.285 96.819 46.960
201209 39.472 97.633 46.790
201212 740.527 96.871 884.726
201303 33.757 98.209 39.781
201306 38.744 98.518 45.515
201309 35.838 98.790 41.985
201312 43.326 98.326 50.997
201403 58.196 99.695 67.559
201406 56.710 100.560 65.268
201409 53.638 100.428 61.813
201412 50.542 99.070 59.044
201503 50.256 99.621 58.385
201506 49.613 100.684 57.029
201509 48.850 100.392 56.316
201512 47.097 99.792 54.621
201603 45.645 100.470 52.580
201606 44.879 101.688 51.078
201609 44.699 101.861 50.787
201612 43.356 101.863 49.260
201703 42.659 102.862 47.997
201706 42.065 103.349 47.106
201709 41.380 104.136 45.989
201712 40.463 104.011 45.024
201803 39.870 105.290 43.825
201806 38.730 106.317 42.161
201809 37.610 106.507 40.868
201812 36.985 105.998 40.382
201903 36.498 107.251 39.385
201906 37.087 108.070 39.717
201909 32.860 108.329 35.106
201912 31.738 108.420 33.879
202003 31.006 108.902 32.951
202006 30.819 108.767 32.793
202009 29.546 109.815 31.139
202012 29.728 109.897 31.307
202103 29.428 111.754 30.476
202106 29.294 114.631 29.576
202109 27.474 115.734 27.474

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.


VEREIT  (NYSE:VER) 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.


VEREIT Cyclically Adjusted PB Ratio Related Terms

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


VEREIT (VEREIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (NYSE:VER) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
N/A
Address
2325 East Camelback Road, 9th Floor, Phoenix, AZ, USA, 85016
VEREIT Inc is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations through the Real Estate Investment segment and the investment management segment. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries.
Executives
Mary Hogan Preusse director C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Julie Richardson director YEXT, INC., 1 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10010
Eugene A Pinover director 333 CENTRAL PARK WEST, APT 66 NEW YORK NY 10025
Hugh R Frater director, other: Non-Executive Chairman C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Glenn J Rufrano director, officer: Chief Executive Officer C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036
Gavin Brandon officer: SVP & Chief Accounting Officer 2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016
Mark S Ordan director 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
David Henry director 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Richard J Lieb director C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Paul H Mcdowell officer: See Remarks 110 MAIDEN LANE, NEW YORK NY 10005
Michael J. Bartolotta officer: See Remarks 7 VIK DRIVE, WARWICK NY 10990
Lauren Goldberg officer: See Remarks 23 W. 73RD. ST. #508 NEW YORK NY 10023
Thomas W Roberts officer: See Remarks 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX NY 85016
Miller William Craig Jr. officer: See Remarks 315 PONDFIELD ROAD BRONXVILLE NY 10708
Bruce D Frank director 405 PARK AVENUE, NEW YORK NY 10022