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Intervest Offices & Warehouses NV (XBRU:INTO) Cyclically Adjusted PB Ratio : 0.87 (As of May. 01, 2024)


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What is Intervest Offices & Warehouses NV Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Intervest Offices & Warehouses NV's current share price is €20.85. Intervest Offices & Warehouses NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €24.05. Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio for today is 0.87.

The historical rank and industry rank for Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio or its related term are showing as below:

XBRU:INTO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.08   Max: 1.41
Current: 0.87

During the past years, Intervest Offices & Warehouses NV's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.56. And the median was 1.08.

XBRU:INTO's Cyclically Adjusted PB Ratio is ranked worse than
54.55% of 495 companies
in the REITs industry
Industry Median: 0.76 vs XBRU:INTO: 0.87

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.

Intervest Offices & Warehouses NV's adjusted book value per share data for the three months ended in Dec. 2023 was €21.888. 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 €24.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intervest Offices & Warehouses NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intervest Offices & Warehouses 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.

Intervest Offices & Warehouses NV Cyclically Adjusted PB Ratio Chart

Intervest Offices & Warehouses NV 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 1.25 1.11 1.31 0.81 0.86

Intervest Offices & Warehouses NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.81 0.73 0.58 0.57 0.86

Competitive Comparison of Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Intervest Offices & Warehouses 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.


Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio falls into.



Intervest Offices & Warehouses 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.

Intervest Offices & Warehouses NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.85/24.05
=0.87

* 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.

Intervest Offices & Warehouses NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Intervest Offices & Warehouses NV's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=21.888/128.2922*128.2922
=21.888

Current CPI (Dec. 2023) = 128.2922.

Intervest Offices & Warehouses NV Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.601 99.819 25.192
201406 18.046 99.482 23.272
201409 18.282 99.195 23.645
201412 18.567 99.086 24.040
201503 19.085 99.423 24.627
201506 18.210 100.107 23.337
201509 18.631 100.245 23.844
201512 18.903 100.572 24.113
201603 18.494 101.653 23.341
201606 17.403 102.267 21.832
201609 17.868 102.118 22.448
201612 18.538 102.614 23.177
201703 18.874 103.972 23.289
201706 17.916 103.902 22.122
201709 18.314 104.170 22.555
201712 18.631 104.804 22.806
201803 19.106 105.419 23.252
201806 18.478 106.063 22.351
201809 18.914 106.618 22.759
201812 19.623 107.252 23.473
201903 19.975 107.876 23.755
201906 19.551 107.896 23.247
201909 20.274 107.470 24.202
201912 21.246 108.065 25.223
202003 21.788 108.550 25.751
202006 20.348 108.540 24.051
202009 21.053 108.441 24.907
202012 21.459 108.511 25.371
202103 22.653 109.522 26.535
202106 21.798 110.305 25.353
202109 22.735 111.543 26.149
202112 23.669 114.705 26.473
202203 24.940 118.620 26.974
202206 24.723 120.948 26.224
202209 25.452 124.120 26.308
202212 23.716 126.578 24.037
202303 23.734 126.528 24.065
202306 22.633 125.973 23.050
202309 22.829 127.083 23.046
202312 21.888 128.292 21.888

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.


Intervest Offices & Warehouses NV  (XBRU:INTO) 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.


Intervest Offices & Warehouses NV Cyclically Adjusted PB Ratio Related Terms

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


Intervest Offices & Warehouses NV (XBRU:INTO) Business Description

Traded in Other Exchanges
Address
Uitbreidingstraat 66, Berchem, Antwerp, BEL, 2600
Intervest Offices & Warehouses SA operates as a real estate company operating in three business segments; the offices segment includes the properties that are let to companies for professional purposes as office space or as flex-work places, logistics properties Belgium segment includes those premises with logistical function, storage facilities, and high-tech buildings in Belgium, and the logistics properties Netherlands segment includes those premises with a logistical function, storage facilities, and high-tech buildings in the Netherlands. The company generates a majority of its revenue from its investments in Belgium.

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