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Federal Realty Investment Trust (STU:QM1) Cyclically Adjusted PB Ratio : 2.95 (As of May. 24, 2024)


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What is Federal Realty Investment Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Federal Realty Investment Trust's current share price is €120.00. Federal Realty Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €40.61. Federal Realty Investment Trust's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Federal Realty Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:QM1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.53   Med: 5.28   Max: 7.99
Current: 2.85

During the past years, Federal Realty Investment Trust's highest Cyclically Adjusted PB Ratio was 7.99. The lowest was 2.53. And the median was 5.28.

STU:QM1's Cyclically Adjusted PB Ratio is ranked worse than
91.08% of 493 companies
in the REITs industry
Industry Median: 0.76 vs STU:QM1: 2.85

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.

Federal Realty Investment Trust's adjusted book value per share data for the three months ended in Mar. 2024 was €30.592. 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 €40.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Realty Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Federal Realty Investment Trust'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.

Federal Realty Investment Trust Cyclically Adjusted PB Ratio Chart

Federal Realty Investment Trust 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 5.01 3.17 4.64 3.15 3.05

Federal Realty Investment Trust 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 3.01 2.90 2.68 3.05 2.95

Competitive Comparison of Federal Realty Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Federal Realty Investment Trust'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.


Federal Realty Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Federal Realty Investment Trust's Cyclically Adjusted PB Ratio falls into.



Federal Realty Investment Trust 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.

Federal Realty Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=120.00/40.61
=2.95

* 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.

Federal Realty Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Federal Realty Investment Trust'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)
=30.592/131.7762*131.7762
=30.592

Current CPI (Mar. 2024) = 131.7762.

Federal Realty Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.519 100.560 21.647
201409 17.807 100.428 23.365
201412 18.848 99.070 25.070
201503 21.279 99.621 28.147
201506 20.954 100.684 27.425
201509 21.242 100.392 27.883
201512 21.846 99.792 28.848
201603 23.380 100.470 30.665
201606 23.849 101.688 30.906
201609 24.362 101.861 31.517
201612 25.897 101.863 33.502
201703 25.521 102.862 32.695
201706 24.419 103.349 31.136
201709 23.697 104.136 29.987
201712 24.356 104.011 30.858
201803 23.168 105.290 28.996
201806 24.536 106.317 30.412
201809 24.967 106.507 30.891
201812 25.878 105.998 32.171
201903 26.350 107.251 32.376
201906 26.534 108.070 32.355
201909 27.782 108.329 33.795
201912 28.300 108.420 34.396
202003 28.029 108.902 33.916
202006 26.702 108.767 32.351
202009 24.332 109.815 29.198
202012 24.685 109.897 29.600
202103 25.522 111.754 30.094
202106 24.871 114.631 28.591
202109 25.149 115.734 28.635
202112 27.254 117.630 30.532
202203 28.283 121.301 30.725
202206 30.826 125.017 32.493
202209 34.093 125.227 35.876
202212 32.427 125.222 34.124
202303 31.688 127.348 32.790
202306 31.035 128.729 31.770
202309 31.250 129.860 31.711
202312 31.060 129.419 31.626
202403 30.592 131.776 30.592

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.


Federal Realty Investment Trust  (STU:QM1) 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.


Federal Realty Investment Trust Cyclically Adjusted PB Ratio Related Terms

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


Federal Realty Investment Trust (STU:QM1) Business Description

Traded in Other Exchanges
Address
909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 25.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

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