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Brookfield (Brookfield) Cyclically Adjusted PB Ratio : 1.92 (As of Apr. 29, 2024)


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What is Brookfield Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Brookfield's current share price is $41.03. Brookfield's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.37. Brookfield's Cyclically Adjusted PB Ratio for today is 1.92.

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

BN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.04   Max: 2.87
Current: 1.98

During the past years, Brookfield's highest Cyclically Adjusted PB Ratio was 2.87. The lowest was 1.46. And the median was 2.04.

BN's Cyclically Adjusted PB Ratio is ranked worse than
86.91% of 932 companies
in the Asset Management industry
Industry Median: 0.78 vs BN: 1.98

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.

Brookfield's adjusted book value per share data for the three months ended in Dec. 2023 was $27.355. 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 $21.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brookfield Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brookfield'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.

Brookfield Cyclically Adjusted PB Ratio Chart

Brookfield 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 2.24 2.16 2.78 1.67 1.88

Brookfield 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 1.67 1.67 1.65 1.53 1.88

Competitive Comparison of Brookfield's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Brookfield'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.


Brookfield's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Brookfield 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.

Brookfield's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.03/21.37
=1.92

* 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.

Brookfield's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Brookfield'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)
=27.355/125.4675*125.4675
=27.355

Current CPI (Dec. 2023) = 125.4675.

Brookfield Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.686 98.604 16.142
201406 13.395 99.473 16.895
201409 13.271 99.394 16.752
201412 14.475 98.367 18.463
201503 13.979 99.789 17.576
201506 14.902 100.500 18.604
201509 14.144 100.421 17.672
201512 14.555 99.947 18.271
201603 15.217 101.054 18.893
201606 15.039 102.002 18.499
201609 15.590 101.765 19.221
201612 15.203 101.449 18.802
201703 15.656 102.634 19.139
201706 15.527 103.029 18.909
201709 15.959 103.345 19.375
201712 16.724 103.345 20.304
201803 16.436 105.004 19.639
201806 16.976 105.557 20.178
201809 15.776 105.636 18.738
201812 17.901 105.399 21.309
201903 18.417 106.979 21.600
201906 18.593 107.690 21.662
201909 19.477 107.611 22.709
201912 20.452 107.769 23.811
202003 18.945 107.927 22.024
202006 18.475 108.401 21.384
202009 19.179 108.164 22.247
202012 20.979 108.559 24.246
202103 21.823 110.298 24.824
202106 22.147 111.720 24.872
202109 24.750 112.905 27.504
202112 25.729 113.774 28.373
202203 27.691 117.646 29.532
202206 26.667 120.806 27.696
202209 25.643 120.648 26.667
202212 25.130 120.964 26.066
202303 25.544 122.702 26.120
202306 25.896 124.203 26.160
202309 25.900 125.230 25.949
202312 27.355 125.468 27.355

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.


Brookfield  (NYSE:BN) 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.


Brookfield Cyclically Adjusted PB Ratio Related Terms

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


Brookfield (Brookfield) Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.