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Allied Properties Real Estate Investment Trust (Allied Properties Real Estate Investment Trust) Cyclically Adjusted PB Ratio : 0.34 (As of Apr. 28, 2024)


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What is Allied Properties Real Estate Investment Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Allied Properties Real Estate Investment Trust's current share price is $12.53. Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $36.57. Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.34.

The historical rank and industry rank for Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

APYRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.56   Max: 2.29
Current: 0.35

During the past years, Allied Properties Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 2.29. The lowest was 0.33. And the median was 1.56.

APYRF's Cyclically Adjusted PB Ratio is ranked better than
80.77% of 494 companies
in the REITs industry
Industry Median: 0.775 vs APYRF: 0.35

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.

Allied Properties Real Estate Investment Trust's adjusted book value per share data for the three months ended in Dec. 2023 was $35.739. 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 $36.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Allied Properties Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Allied Properties Real Estate Investment Trust'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.

Allied Properties Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Allied Properties Real Estate Investment Trust 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 1.58 1.04 1.08 0.57 0.42

Allied Properties Real Estate Investment Trust 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 0.57 0.53 0.46 0.37 0.42

Competitive Comparison of Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Allied Properties Real Estate Investment Trust'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.


Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.



Allied Properties Real Estate Investment Trust 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.

Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.53/36.57
=0.34

* 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.

Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Allied Properties Real Estate Investment Trust'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)
=35.739/125.4675*125.4675
=35.739

Current CPI (Dec. 2023) = 125.4675.

Allied Properties Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.968 98.604 34.315
201406 27.594 99.473 34.805
201409 27.512 99.394 34.729
201412 26.915 98.367 34.330
201503 24.405 99.789 30.685
201506 25.947 100.500 32.393
201509 24.751 100.421 30.924
201512 24.098 99.947 30.251
201603 25.044 101.054 31.095
201606 26.082 102.002 32.082
201609 26.011 101.765 32.069
201612 26.733 101.449 33.062
201703 27.032 102.634 33.046
201706 27.933 103.029 34.017
201709 30.862 103.345 37.469
201712 29.907 103.345 36.309
201803 29.915 105.004 35.745
201806 30.099 105.557 35.776
201809 31.596 105.636 37.528
201812 31.349 105.399 37.318
201903 32.251 106.979 37.825
201906 32.955 107.690 38.395
201909 33.566 107.611 39.136
201912 35.349 107.769 41.154
202003 34.507 107.927 40.115
202006 35.805 108.401 41.442
202009 36.497 108.164 42.335
202012 37.894 108.559 43.796
202103 38.761 110.298 44.092
202106 40.159 111.720 45.101
202109 39.064 112.905 43.411
202112 39.300 113.774 43.339
202203 40.531 117.646 43.226
202206 40.334 120.806 41.890
202209 38.653 120.648 40.197
202212 37.860 120.964 39.270
202303 37.163 122.702 38.001
202306 40.259 124.203 40.669
202309 39.004 125.230 39.078
202312 35.739 125.468 35.739

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.


Allied Properties Real Estate Investment Trust  (OTCPK:APYRF) 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.


Allied Properties Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

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


Allied Properties Real Estate Investment Trust (Allied Properties Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.

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