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PSP Swiss Property AG (XSWX:PSPN) Cyclically Adjusted PB Ratio : 1.41 (As of Jun. 03, 2025)


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What is PSP Swiss Property AG Cyclically Adjusted PB Ratio?

As of today (2025-06-03), PSP Swiss Property AG's current share price is CHF145.90. PSP Swiss Property AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was CHF103.39. PSP Swiss Property AG's Cyclically Adjusted PB Ratio for today is 1.41.

The historical rank and industry rank for PSP Swiss Property AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

XSWX:PSPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.24   Max: 1.89
Current: 1.4

During the past years, PSP Swiss Property AG's highest Cyclically Adjusted PB Ratio was 1.89. The lowest was 1.01. And the median was 1.24.

XSWX:PSPN's Cyclically Adjusted PB Ratio is ranked worse than
74.53% of 1343 companies
in the Real Estate industry
Industry Median: 0.69 vs XSWX:PSPN: 1.40

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.

PSP Swiss Property AG's adjusted book value per share data for the three months ended in Mar. 2025 was CHF119.346. 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 CHF103.39 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Swiss Property AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted PB Ratio Chart

PSP Swiss Property AG 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 1.40 1.28 1.15 1.19 1.26

PSP Swiss Property AG 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 1.18 1.14 1.22 1.26 1.34

Competitive Comparison of PSP Swiss Property AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted PB Ratio falls into.


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PSP Swiss Property AG 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.

PSP Swiss Property AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=145.90/103.39
=1.41

* 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.

PSP Swiss Property AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PSP Swiss Property AG'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)
=119.346/107.7224*107.7224
=119.346

Current CPI (Mar. 2025) = 107.7224.

PSP Swiss Property AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 82.110 100.464 88.043
201509 83.084 99.785 89.693
201512 84.383 99.386 91.461
201603 85.296 99.475 92.368
201606 82.418 100.088 88.705
201609 83.398 99.604 90.195
201612 84.313 99.380 91.391
201703 85.273 100.040 91.821
201706 83.228 100.285 89.400
201709 84.867 100.254 91.190
201712 86.957 100.213 93.473
201803 87.938 100.836 93.944
201806 87.174 101.435 92.577
201809 88.615 101.246 94.284
201812 90.628 100.906 96.750
201903 92.357 101.571 97.951
201906 92.682 102.044 97.840
201909 93.801 101.396 99.654
201912 97.022 101.063 103.415
202003 98.049 101.048 104.526
202006 96.068 100.743 102.723
202009 97.351 100.585 104.259
202012 99.834 100.241 107.285
202103 98.262 100.800 105.010
202106 104.462 101.352 111.028
202109 105.800 101.533 112.250
202112 109.425 101.776 115.819
202203 107.620 103.205 112.331
202206 111.018 104.783 114.133
202209 112.342 104.835 115.436
202212 113.333 104.666 116.642
202303 114.591 106.245 116.185
202306 111.185 106.576 112.382
202309 112.850 106.570 114.071
202312 113.821 106.461 115.169
202403 115.601 107.355 115.997
202406 113.350 107.991 113.068
202409 114.763 107.468 115.035
202412 117.963 107.128 118.617
202503 119.346 107.722 119.346

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.


PSP Swiss Property AG  (XSWX:PSPN) 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.


PSP Swiss Property AG Cyclically Adjusted PB Ratio Related Terms

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


PSP Swiss Property AG Business Description

Traded in Other Exchanges
Address
Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.

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