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Freehold Royalties (TSX:FRU) Cyclically Adjusted PB Ratio : 1.62 (As of May. 22, 2025)


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What is Freehold Royalties Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Freehold Royalties's current share price is C$12.34. Freehold Royalties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$7.63. Freehold Royalties's Cyclically Adjusted PB Ratio for today is 1.62.

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

TSX:FRU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.88   Max: 3.02
Current: 1.62

During the past years, Freehold Royalties's highest Cyclically Adjusted PB Ratio was 3.02. The lowest was 0.41. And the median was 1.88.

TSX:FRU's Cyclically Adjusted PB Ratio is ranked worse than
71.13% of 776 companies
in the Oil & Gas industry
Industry Median: 0.895 vs TSX:FRU: 1.62

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.

Freehold Royalties's adjusted book value per share data for the three months ended in Mar. 2025 was C$6.657. 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 C$7.63 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freehold Royalties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Cyclically Adjusted PB Ratio Chart

Freehold Royalties 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 0.82 1.75 2.24 1.86 1.71

Freehold Royalties 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 1.96 1.80 1.87 1.71 1.67

Competitive Comparison of Freehold Royalties's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


Freehold Royalties's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Freehold Royalties's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Freehold Royalties 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.

Freehold Royalties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.34/7.63
=1.62

* 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.

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

For example, Freehold Royalties'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)
=6.657/129.1809*129.1809
=6.657

Current CPI (Mar. 2025) = 129.1809.

Freehold Royalties Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.236 100.500 10.586
201509 7.775 100.421 10.002
201512 7.506 99.947 9.701
201603 7.245 101.054 9.262
201606 7.734 102.002 9.795
201609 7.604 101.765 9.653
201612 7.503 101.449 9.554
201703 7.433 102.634 9.356
201706 7.397 103.029 9.275
201709 7.251 103.345 9.064
201712 7.036 103.345 8.795
201803 6.927 105.004 8.522
201806 6.818 105.557 8.344
201809 6.734 105.636 8.235
201812 6.542 105.399 8.018
201903 6.330 106.979 7.644
201906 6.203 107.690 7.441
201909 6.069 107.611 7.285
201912 5.964 107.769 7.149
202003 5.735 107.927 6.864
202006 5.643 108.401 6.725
202009 5.598 108.164 6.686
202012 5.551 108.559 6.605
202103 5.443 110.298 6.375
202106 5.429 111.720 6.278
202109 5.879 112.905 6.726
202112 5.916 113.774 6.717
202203 5.960 117.646 6.544
202206 6.159 120.806 6.586
202209 6.381 120.648 6.832
202212 6.374 120.964 6.807
202303 6.309 122.702 6.642
202306 6.169 124.203 6.416
202309 6.211 125.230 6.407
202312 6.130 125.072 6.331
202403 6.127 126.258 6.269
202406 6.134 127.522 6.214
202409 6.003 127.285 6.092
202412 6.706 127.364 6.802
202503 6.657 129.181 6.657

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.


Freehold Royalties  (TSX:FRU) 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.


Freehold Royalties Cyclically Adjusted PB Ratio Related Terms

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


Freehold Royalties Business Description

Industry
Traded in Other Exchanges
Address
517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins primarily located in the states of Texas, New Mexico, and North Dakota. The maximum revenue is generated from the Canada Segment.
Executives
Valerie Ann Mitchell Director
David Michael Spyker Senior Officer
Susan Nagy Senior Officer
Gary Ronald Joseph Bugeaud Director
Sylvia Kathleen Barnes Director
Lisa Farstad Senior Officer
Ian C. Hantke Senior Officer
Maureen Howe Director
Administrator Of The Cn Pension Trust Funds Canadian National Railway Company 10% Security Holder
Tom Mullane Director, Senior Officer
Arthur Neil Korpach Director
Marvin F. Romanow Director
David Warren Hendry Senior Officer
Michael John Stone Senior Officer
Robert Alexander King Senior Officer

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