GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (FRA:SA4) » Definitions » Cyclically Adjusted PB Ratio

Saul Centers (FRA:SA4) Cyclically Adjusted PB Ratio : 4.17 (As of May. 15, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Saul Centers Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Saul Centers's current share price is €33.60. Saul Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.05. Saul Centers's Cyclically Adjusted PB Ratio for today is 4.17.

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

FRA:SA4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.86   Med: 10.37   Max: 21.46
Current: 4.16

During the past years, Saul Centers's highest Cyclically Adjusted PB Ratio was 21.46. The lowest was 3.86. And the median was 10.37.

FRA:SA4's Cyclically Adjusted PB Ratio is ranked worse than
94.52% of 493 companies
in the REITs industry
Industry Median: 0.78 vs FRA:SA4: 4.16

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.

Saul Centers's adjusted book value per share data for the three months ended in Mar. 2024 was €6.188. 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 €8.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saul Centers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Saul 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.

Saul Centers Cyclically Adjusted PB Ratio Chart

Saul 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 9.14 5.02 7.18 4.92 4.47

Saul Centers 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 4.59 4.25 4.01 4.47 4.37

Competitive Comparison of Saul Centers's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Saul 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.


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

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

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



Saul 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.60/8.05
=4.17

* 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.

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

For example, Saul Centers'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)
=6.188/129.4194*129.4194
=6.188

Current CPI (Mar. 2024) = 129.4194.

Saul Centers Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.838 100.560 4.939
201409 4.142 100.428 5.338
201412 4.357 99.070 5.692
201503 5.082 99.621 6.602
201506 4.972 100.684 6.391
201509 5.009 100.392 6.457
201512 5.324 99.792 6.905
201603 5.312 100.470 6.843
201606 5.525 101.688 7.032
201609 5.619 101.861 7.139
201612 6.050 101.863 7.687
201703 6.108 102.862 7.685
201706 5.932 103.349 7.428
201709 5.703 104.136 7.088
201712 5.898 104.011 7.339
201803 5.630 105.290 6.920
201806 6.028 106.317 7.338
201809 6.366 106.507 7.736
201812 6.800 105.998 8.303
201903 7.002 107.251 8.449
201906 7.219 108.070 8.645
201909 7.304 108.329 8.726
201912 7.360 108.420 8.786
202003 7.492 108.902 8.904
202006 7.118 108.767 8.470
202009 6.616 109.815 7.797
202012 6.279 109.897 7.394
202103 9.149 111.754 10.595
202106 9.030 114.631 10.195
202109 9.239 115.734 10.331
202112 8.169 117.630 8.988
202203 8.375 121.301 8.936
202206 8.713 125.017 9.020
202209 9.256 125.227 9.566
202212 8.470 125.222 8.754
202303 8.217 127.348 8.351
202306 8.075 128.729 8.118
202309 8.125 129.860 8.097
202312 6.221 129.419 6.221
202403 6.188 129.419 6.188

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.


Saul Centers  (FRA:SA4) 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.


Saul Centers Cyclically Adjusted PB Ratio Related Terms

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


Saul Centers (FRA:SA4) Business Description

Industry
Traded in Other Exchanges
Address
7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

Saul Centers (FRA:SA4) Headlines

No Headlines