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Franklin Street Properties (STU:WVH) Cyclically Adjusted PB Ratio : 0.19 (As of May. 27, 2024)


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What is Franklin Street Properties Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Franklin Street Properties's current share price is €1.72. Franklin Street Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.00. Franklin Street Properties's Cyclically Adjusted PB Ratio for today is 0.19.

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

STU:WVH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.73   Max: 1.13
Current: 0.19

During the past years, Franklin Street Properties's highest Cyclically Adjusted PB Ratio was 1.13. The lowest was 0.12. And the median was 0.73.

STU:WVH's Cyclically Adjusted PB Ratio is ranked better than
92.9% of 493 companies
in the REITs industry
Industry Median: 0.76 vs STU:WVH: 0.19

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.

Franklin Street Properties's adjusted book value per share data for the three months ended in Mar. 2024 was €6.261. 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 €9.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franklin Street Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Franklin Street Properties'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.

Franklin Street Properties Cyclically Adjusted PB Ratio Chart

Franklin Street Properties 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 0.81 0.44 0.59 0.27 0.26

Franklin Street Properties 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 0.16 0.14 0.19 0.26 0.23

Competitive Comparison of Franklin Street Properties's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Franklin Street Properties'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.


Franklin Street Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Franklin Street Properties 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.

Franklin Street Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.72/9
=0.19

* 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.

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

For example, Franklin Street Properties'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)
=6.261/131.7762*131.7762
=6.261

Current CPI (Mar. 2024) = 131.7762.

Franklin Street Properties Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.440 100.560 9.750
201409 7.733 100.428 10.147
201412 7.930 99.070 10.548
201503 8.931 99.621 11.814
201506 8.498 100.684 11.122
201509 8.309 100.392 10.907
201512 8.573 99.792 11.321
201603 8.184 100.470 10.734
201606 7.950 101.688 10.302
201609 8.001 101.861 10.351
201612 8.505 101.863 11.003
201703 8.266 102.862 10.590
201706 7.535 103.349 9.608
201709 6.959 104.136 8.806
201712 6.866 104.011 8.699
201803 6.496 105.290 8.130
201806 6.804 106.317 8.433
201809 6.821 106.507 8.439
201812 6.866 105.998 8.536
201903 6.768 107.251 8.316
201906 6.607 108.070 8.056
201909 6.687 108.329 8.134
201912 6.598 108.420 8.019
202003 6.389 108.902 7.731
202006 6.172 108.767 7.478
202009 5.834 109.815 7.001
202012 5.883 109.897 7.054
202103 5.914 111.754 6.974
202106 5.925 114.631 6.811
202109 6.076 115.734 6.918
202112 6.665 117.630 7.467
202203 6.777 121.301 7.362
202206 6.910 125.017 7.284
202209 7.558 125.227 7.953
202212 7.029 125.222 7.397
202303 6.960 127.348 7.202
202306 6.774 128.729 6.934
202309 6.444 129.860 6.539
202312 6.320 129.419 6.435
202403 6.261 131.776 6.261

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.


Franklin Street Properties  (STU:WVH) 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.


Franklin Street Properties Cyclically Adjusted PB Ratio Related Terms

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


Franklin Street Properties (STU:WVH) Business Description

Traded in Other Exchanges
Address
401 Edgewater Place, Suite 200, Wakefield, MA, USA, 01880
Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets. The company's operations include rental income from real estate leasing, interest income from secured loans made on office properties, property dispositions, and fee income from asset/property management and development. Franklin Street markets Atlanta, Dallas, Denver, Houston, and Minneapolis. It owns a portfolio of real estate consisting of approximately 32 properties.

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