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Cofinimmo/NV (STU:COF) Cyclically Adjusted PB Ratio : 0.58 (As of Apr. 29, 2025)


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What is Cofinimmo/NV Cyclically Adjusted PB Ratio?

As of today (2025-04-29), Cofinimmo/NV's current share price is €65.05. Cofinimmo/NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €113.03. Cofinimmo/NV's Cyclically Adjusted PB Ratio for today is 0.58.

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

STU:COF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.06   Max: 1.6
Current: 0.58

During the past years, Cofinimmo/NV's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.47. And the median was 1.06.

STU:COF's Cyclically Adjusted PB Ratio is ranked better than
63.35% of 532 companies
in the REITs industry
Industry Median: 0.79 vs STU:COF: 0.58

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.

Cofinimmo/NV's adjusted book value per share data for the three months ended in Mar. 2025 was €94.517. 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 €113.03 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cofinimmo/NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cofinimmo/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.

Cofinimmo/NV Cyclically Adjusted PB Ratio Chart

Cofinimmo/NV 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 1.25 1.38 0.75 0.64 0.49

Cofinimmo/NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.54 0.50 0.59 0.49 0.53

Competitive Comparison of Cofinimmo/NV's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Cofinimmo/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.


Cofinimmo/NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Cofinimmo/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.

Cofinimmo/NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=65.05/113.03
=0.58

* 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.

Cofinimmo/NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Cofinimmo/NV's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=94.517/134.3475*134.3475
=94.517

Current CPI (Mar. 2025) = 134.3475.

Cofinimmo/NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 87.485 100.107 117.409
201509 88.541 100.245 118.662
201512 90.838 100.572 121.344
201603 90.940 101.653 120.189
201606 87.278 102.267 114.657
201609 89.167 102.118 117.309
201612 90.457 102.614 118.431
201703 92.413 103.972 119.412
201706 88.424 103.902 114.334
201709 87.143 104.170 112.388
201712 91.450 104.804 117.229
201803 91.545 105.419 116.667
201806 91.177 106.063 115.492
201809 93.434 106.618 117.735
201812 93.491 107.252 117.110
201903 94.432 107.876 117.604
201906 90.146 107.896 112.246
201909 92.329 107.470 115.420
201912 95.017 108.065 118.126
202003 96.894 108.550 119.921
202006 92.954 108.540 115.055
202009 94.343 108.441 116.881
202012 95.302 108.511 117.994
202103 98.123 109.522 120.365
202106 94.904 110.305 115.590
202109 99.172 111.543 119.447
202112 102.131 114.705 119.620
202203 107.370 118.620 121.606
202206 108.181 120.948 120.166
202209 110.949 124.120 120.091
202212 110.741 126.578 117.539
202303 111.282 126.528 118.159
202306 104.805 125.973 111.772
202309 104.644 127.083 110.626
202312 98.611 128.292 103.265
202403 99.096 130.552 101.977
202406 92.251 130.691 94.832
202409 92.252 130.968 94.632
202412 92.836 132.346 94.240
202503 94.517 134.348 94.517

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.


Cofinimmo/NV  (STU:COF) 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.


Cofinimmo/NV Cyclically Adjusted PB Ratio Related Terms

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


Cofinimmo/NV Business Description

Industry
Traded in Other Exchanges
Address
58 Boulevard de la Woluwedal, Brussels, BEL, 1200
Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.