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Patrizia AG (XTER:PAT) Cyclically Adjusted PB Ratio : 0.59 (As of Jun. 20, 2024)


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What is Patrizia AG Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Patrizia AG's current share price is €7.45. Patrizia AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.64. Patrizia AG's Cyclically Adjusted PB Ratio for today is 0.59.

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

XTER:PAT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 2.58   Max: 3.45
Current: 0.61

During the past years, Patrizia AG's highest Cyclically Adjusted PB Ratio was 3.45. The lowest was 0.59. And the median was 2.58.

XTER:PAT's Cyclically Adjusted PB Ratio is ranked better than
54.67% of 1412 companies
in the Real Estate industry
Industry Median: 0.695 vs XTER:PAT: 0.61

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.

Patrizia AG's adjusted book value per share data for the three months ended in Mar. 2024 was €13.526. 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 €12.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Patrizia AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Patrizia 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.

Patrizia AG Cyclically Adjusted PB Ratio Chart

Patrizia AG 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 2.89 3.36 2.23 0.94 0.67

Patrizia AG 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 0.83 0.92 0.62 0.67 0.68

Competitive Comparison of Patrizia AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Patrizia 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.


Patrizia AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Patrizia 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.

Patrizia AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.45/12.64
=0.59

* 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.

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

For example, Patrizia AG'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)
=13.526/125.0381*125.0381
=13.526

Current CPI (Mar. 2024) = 125.0381.

Patrizia AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.211 99.543 5.290
201409 4.210 99.823 5.273
201412 4.431 99.543 5.566
201503 4.468 99.717 5.603
201506 4.565 100.417 5.684
201509 5.241 100.417 6.526
201512 5.648 99.717 7.082
201603 7.868 100.017 9.836
201606 7.858 100.717 9.756
201609 7.926 101.017 9.811
201612 8.114 101.217 10.024
201703 8.185 101.417 10.091
201706 8.373 102.117 10.252
201709 8.218 102.717 10.004
201712 8.427 102.617 10.268
201803 12.128 102.917 14.735
201806 12.316 104.017 14.805
201809 12.148 104.718 14.505
201812 12.553 104.217 15.061
201903 12.778 104.217 15.331
201906 13.189 105.718 15.599
201909 13.175 106.018 15.539
201912 13.248 105.818 15.654
202003 13.264 105.718 15.688
202006 13.599 106.618 15.948
202009 13.585 105.818 16.053
202012 13.796 105.518 16.348
202103 14.050 107.518 16.339
202106 14.285 108.486 16.465
202109 14.533 109.435 16.605
202112 14.475 110.384 16.397
202203 14.623 113.968 16.043
202206 14.394 115.760 15.548
202209 14.740 118.818 15.512
202212 14.610 119.345 15.307
202303 14.740 122.402 15.057
202306 14.252 123.140 14.472
202309 14.222 124.195 14.319
202312 13.469 123.773 13.607
202403 13.526 125.038 13.526

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.


Patrizia AG  (XTER:PAT) 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.


Patrizia AG Cyclically Adjusted PB Ratio Related Terms

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


Patrizia AG (XTER:PAT) Business Description

Industry
Traded in Other Exchanges
Address
Fuggerstrasse 26, Patrizia Burohaus, Augsburg, BY, DEU, 86150
Patrizia AG is an active real estate investment company that operates in two primary segments: management services, which includes the buying and selling of properties, long-term property management, portfolio management, and service fee income; and investments, which includes returns on co-investments as well as principal investments. The majority of Patrizia's revenue is generated by the management services segment. The firm invests in both residential and commercial real estate throughout Europe, with over half of its revenue coming from its holdings in Germany.
Executives
Thomas Wels Board of Directors
Christoph Glaser Board of Directors

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