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CA Immobilien Anlagen AG (STU:BZY) Cyclically Adjusted PB Ratio : 0.88 (As of Jun. 05, 2024)


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What is CA Immobilien Anlagen AG Cyclically Adjusted PB Ratio?

As of today (2024-06-05), CA Immobilien Anlagen AG's current share price is €29.78. CA Immobilien Anlagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €33.83. CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio for today is 0.88.

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

STU:BZY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.22   Max: 1.76
Current: 0.88

During the past years, CA Immobilien Anlagen AG's highest Cyclically Adjusted PB Ratio was 1.76. The lowest was 0.75. And the median was 1.22.

STU:BZY's Cyclically Adjusted PB Ratio is ranked worse than
58.28% of 1364 companies
in the Real Estate industry
Industry Median: 0.7 vs STU:BZY: 0.88

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.

CA Immobilien Anlagen AG's adjusted book value per share data for the three months ended in Mar. 2024 was €28.056. 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 €33.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CA Immobilien Anlagen AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CA Immobilien Anlagen AG'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.

CA Immobilien Anlagen AG Cyclically Adjusted PB Ratio Chart

CA Immobilien Anlagen AG 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 1.57 1.24 1.20 0.91 0.97

CA Immobilien Anlagen AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.77 0.81 0.94 0.97 0.96

Competitive Comparison of CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, CA Immobilien Anlagen AG'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.


CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio falls into.



CA Immobilien Anlagen AG 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.

CA Immobilien Anlagen AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.78/33.83
=0.88

* 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.

CA Immobilien Anlagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CA Immobilien Anlagen AG's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=28.056/133.7589*133.7589
=28.056

Current CPI (Mar. 2024) = 133.7589.

CA Immobilien Anlagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.664 99.496 26.436
201409 19.413 99.586 26.075
201412 19.752 99.676 26.506
201503 20.079 99.992 26.860
201506 19.928 100.492 26.525
201509 20.359 100.292 27.153
201512 21.903 100.692 29.096
201603 22.124 100.692 29.390
201606 22.584 101.092 29.882
201609 23.094 101.192 30.527
201612 23.757 102.092 31.126
201703 23.866 102.592 31.117
201706 24.231 102.991 31.470
201709 24.789 103.591 32.008
201712 25.950 104.291 33.282
201803 26.250 104.491 33.603
201806 26.020 105.091 33.118
201809 26.637 105.691 33.711
201812 28.375 106.291 35.708
201903 28.504 106.391 35.836
201906 28.703 106.791 35.951
201909 29.629 106.991 37.042
201912 31.903 108.091 39.479
202003 32.261 108.024 39.947
202006 32.380 107.915 40.134
202009 31.830 108.348 39.295
202012 33.627 109.321 41.144
202103 34.097 110.186 41.392
202106 34.590 110.943 41.704
202109 34.792 111.916 41.582
202112 32.675 113.971 38.348
202203 34.117 117.647 38.789
202206 35.037 120.567 38.871
202209 35.611 123.811 38.472
202212 33.707 125.541 35.913
202303 34.065 128.460 35.470
202306 32.953 130.191 33.856
202309 33.440 131.272 34.074
202312 27.881 132.570 28.131
202403 28.056 133.759 28.056

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.


CA Immobilien Anlagen AG  (STU:BZY) 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.


CA Immobilien Anlagen AG Cyclically Adjusted PB Ratio Related Terms

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CA Immobilien Anlagen AG (STU:BZY) Business Description

Traded in Other Exchanges
Address
Mechelgasse 1, Vienna, AUT, 1030
CA Immobilien Anlagen AG is a real estate company involved in owning, developing and managing, especially office properties in Austria and Germany as well as in Eastern Europe. The company generates revenues and other income from rental activities, the sale of properties held for trading, the sale of properties as well as from development services.

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