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Regency Centers (BSP:R1EG34) Cyclically Adjusted PB Ratio : 1.72 (As of Apr. 29, 2024)


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What is Regency Centers Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Regency Centers's current share price is R$149.55. Regency Centers's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$86.90. Regency Centers's Cyclically Adjusted PB Ratio for today is 1.72.

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

BSP:R1EG34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.5   Max: 4.21
Current: 1.6

During the past years, Regency Centers's highest Cyclically Adjusted PB Ratio was 4.21. The lowest was 1.24. And the median was 2.50.

BSP:R1EG34's Cyclically Adjusted PB Ratio is ranked worse than
79.44% of 496 companies
in the REITs industry
Industry Median: 0.765 vs BSP:R1EG34: 1.60

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.

Regency Centers's adjusted book value per share data for the three months ended in Dec. 2023 was R$90.577. 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 R$86.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Regency Centers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Regency Centers'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.

Regency Centers Cyclically Adjusted PB Ratio Chart

Regency Centers 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 2.48 1.68 2.48 1.84 1.83

Regency Centers 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 1.84 1.76 1.74 1.64 1.83

Competitive Comparison of Regency Centers's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Regency Centers'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.


Regency Centers's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Regency Centers 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.

Regency Centers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=149.55/86.9
=1.72

* 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.

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

For example, Regency Centers'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)
=90.577/129.4194*129.4194
=90.577

Current CPI (Dec. 2023) = 129.4194.

Regency Centers Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.758 99.695 24.351
201406 17.765 100.560 22.863
201409 19.145 100.428 24.672
201412 22.301 99.070 29.133
201503 25.843 99.621 33.573
201506 25.768 100.684 33.122
201509 32.351 100.392 41.705
201512 34.663 99.792 44.954
201603 32.741 100.470 42.175
201606 31.798 101.688 40.470
201609 35.018 101.861 44.492
201612 36.492 101.863 46.364
201703 61.327 102.862 77.161
201706 64.234 103.349 80.437
201709 60.856 104.136 75.632
201712 64.475 104.011 80.225
201803 63.668 105.290 78.259
201806 72.809 106.317 88.630
201809 79.134 106.507 96.158
201812 74.160 105.998 90.547
201903 72.981 107.251 88.066
201906 72.683 108.070 87.042
201909 77.185 108.329 92.212
201912 76.296 108.420 91.073
202003 89.530 108.902 106.398
202006 93.864 108.767 111.686
202009 96.372 109.815 113.577
202012 90.978 109.897 107.140
202103 99.313 111.754 115.011
202106 88.615 114.631 100.047
202109 93.853 115.734 104.951
202112 99.952 117.630 109.970
202203 89.037 121.301 94.996
202206 90.551 125.017 93.740
202209 93.956 125.227 97.102
202212 93.699 125.222 96.840
202303 92.536 127.348 94.041
202306 85.947 128.729 86.408
202309 91.675 129.860 91.364
202312 90.577 129.419 90.577

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.


Regency Centers  (BSP:R1EG34) 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.


Regency Centers Cyclically Adjusted PB Ratio Related Terms

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


Regency Centers (BSP:R1EG34) Business Description

Industry
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Regency Centers (BSP:R1EG34) Headlines

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