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SITE Centers (STU:DDR2) Cyclically Adjusted PB Ratio : 1.01 (As of Jun. 11, 2024)


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What is SITE Centers Cyclically Adjusted PB Ratio?

As of today (2024-06-11), SITE Centers's current share price is €10.61. SITE Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.50. SITE Centers's Cyclically Adjusted PB Ratio for today is 1.01.

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

STU:DDR2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.87   Max: 1.25
Current: 1

During the past years, SITE Centers's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.25. And the median was 0.87.

STU:DDR2's Cyclically Adjusted PB Ratio is ranked worse than
62.42% of 495 companies
in the REITs industry
Industry Median: 0.75 vs STU:DDR2: 1.00

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.

SITE Centers's adjusted book value per share data for the three months ended in Mar. 2024 was €8.568. 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 €10.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SITE Centers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SITE Centers'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.

SITE Centers Cyclically Adjusted PB Ratio Chart

SITE Centers 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 0.80 0.62 0.99 0.88 0.93

SITE Centers 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 0.79 0.86 0.82 0.93 1.01

Competitive Comparison of SITE Centers's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, SITE Centers'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.


SITE Centers's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



SITE Centers 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.

SITE Centers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.61/10.5
=1.01

* 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.

SITE Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SITE Centers'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)
=8.568/131.7762*131.7762
=8.568

Current CPI (Mar. 2024) = 131.7762.

SITE Centers Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.040 100.560 18.398
201409 15.055 100.428 19.754
201412 15.421 99.070 20.512
201503 15.993 99.621 21.155
201506 15.190 100.684 19.881
201509 15.194 100.392 19.944
201512 15.647 99.792 20.662
201603 15.180 100.470 19.910
201606 14.892 101.688 19.298
201609 14.266 101.861 18.456
201612 14.985 101.863 19.386
201703 14.147 102.862 18.124
201706 13.233 103.349 16.873
201709 12.135 104.136 15.356
201712 10.851 104.011 13.748
201803 9.886 105.290 12.373
201806 10.039 106.317 12.443
201809 6.718 106.507 8.312
201812 7.489 105.998 9.310
201903 7.306 107.251 8.977
201906 7.361 108.070 8.976
201909 7.439 108.329 9.049
201912 7.690 108.420 9.347
202003 7.691 108.902 9.306
202006 7.509 108.767 9.097
202009 7.178 109.815 8.613
202012 6.881 109.897 8.251
202103 7.344 111.754 8.660
202106 7.238 114.631 8.321
202109 7.417 115.734 8.445
202112 7.809 117.630 8.748
202203 7.972 121.301 8.660
202206 8.451 125.017 8.908
202209 9.215 125.227 9.697
202212 8.570 125.222 9.019
202303 8.332 127.348 8.622
202306 8.169 128.729 8.362
202309 8.390 129.860 8.514
202312 8.776 129.419 8.936
202403 8.568 131.776 8.568

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.


SITE Centers  (STU:DDR2) 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.


SITE Centers Cyclically Adjusted PB Ratio Related Terms

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


SITE Centers (STU:DDR2) Business Description

Industry
Traded in Other Exchanges
Address
3300 Enterprise Parkway, Beachwood, OH, USA, 44122
SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.

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