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Artis Real Estate Investment Trust (FRA:5G6) Cyclically Adjusted PB Ratio : 0.35 (As of Apr. 28, 2024)


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What is Artis Real Estate Investment Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Artis Real Estate Investment Trust's current share price is €4.396. Artis Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €12.51. Artis Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.35.

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

FRA:5G6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.73   Max: 1.27
Current: 0.34

During the past years, Artis Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.30. And the median was 0.73.

FRA:5G6's Cyclically Adjusted PB Ratio is ranked better than
81.38% of 494 companies
in the REITs industry
Industry Median: 0.775 vs FRA:5G6: 0.34

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.

Artis Real Estate Investment Trust's adjusted book value per share data for the three months ended in Dec. 2023 was €9.654. 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 €12.51 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artis Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Artis 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.

Artis Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Artis 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 0.72 0.63 0.67 0.47 0.35

Artis 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 0.47 0.40 0.38 0.34 0.35

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

For the REIT - Diversified subindustry, Artis 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.


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

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

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



Artis 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.

Artis 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
=4.396/12.51
=0.35

* 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.

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

For example, Artis 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)
=9.654/125.4675*125.4675
=9.654

Current CPI (Dec. 2023) = 125.4675.

Artis Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.113 98.604 14.141
201406 11.551 99.473 14.569
201409 12.225 99.394 15.432
201412 12.402 98.367 15.819
201503 12.982 99.789 16.323
201506 12.764 100.500 15.935
201509 11.879 100.421 14.842
201512 10.809 99.947 13.569
201603 10.632 101.054 13.201
201606 10.638 102.002 13.085
201609 10.659 101.765 13.142
201612 10.881 101.449 13.457
201703 10.774 102.634 13.171
201706 10.163 103.029 12.376
201709 10.259 103.345 12.455
201712 10.017 103.345 12.161
201803 9.520 105.004 11.375
201806 10.140 105.557 12.053
201809 10.031 105.636 11.914
201812 10.279 105.399 12.236
201903 10.405 106.979 12.203
201906 10.385 107.690 12.099
201909 10.923 107.611 12.735
201912 10.781 107.769 12.551
202003 10.205 107.927 11.864
202006 10.245 108.401 11.858
202009 9.998 108.164 11.597
202012 9.733 108.559 11.249
202103 10.346 110.298 11.769
202106 11.497 111.720 12.912
202109 11.808 112.905 13.122
202112 12.128 113.774 13.374
202203 13.830 117.646 14.750
202206 14.454 120.806 15.012
202209 14.704 120.648 15.291
202212 12.183 120.964 12.637
202303 11.780 122.702 12.045
202306 11.431 124.203 11.547
202309 10.680 125.230 10.700
202312 9.654 125.468 9.654

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.


Artis Real Estate Investment Trust  (FRA:5G6) 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.


Artis Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

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


Artis Real Estate Investment Trust (FRA:5G6) Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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