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Wereldhave NV (FRA:WER) Cyclically Adjusted PB Ratio : 0.30 (As of Apr. 27, 2024)


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What is Wereldhave NV Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Wereldhave NV's current share price is €12.96. Wereldhave NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €43.88. Wereldhave NV's Cyclically Adjusted PB Ratio for today is 0.30.

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

FRA:WER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.49   Max: 0.94
Current: 0.32

During the past 13 years, Wereldhave NV's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.11. And the median was 0.49.

FRA:WER's Cyclically Adjusted PB Ratio is ranked better than
84.21% of 494 companies
in the REITs industry
Industry Median: 0.775 vs FRA:WER: 0.32

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.

Wereldhave NV's adjusted book value per share data of for the fiscal year that ended in Dec23 was €22.090. 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 €43.88 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wereldhave NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wereldhave NV'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.

Wereldhave NV Cyclically Adjusted PB Ratio Chart

Wereldhave NV 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 0.36 0.21 0.26 0.26 0.33

Wereldhave NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.26 - 0.26 - 0.33

Competitive Comparison of Wereldhave NV's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Wereldhave NV'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.


Wereldhave NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Wereldhave NV 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.

Wereldhave NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.96/43.88
=0.30

* 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.

Wereldhave NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Wereldhave NV's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=22.09/126.4000*126.4000
=22.090

Current CPI (Dec23) = 126.4000.

Wereldhave NV Annual Data

Book Value per Share CPI Adj_Book
201412 52.072 99.050 66.450
201512 50.046 99.730 63.429
201612 49.158 100.710 61.698
201712 47.922 101.970 59.403
201812 43.349 103.970 52.701
201912 32.781 106.800 38.797
202012 27.973 107.850 32.784
202112 21.603 114.010 23.951
202212 22.116 124.940 22.374
202312 22.090 126.400 22.090

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.


Wereldhave NV  (FRA:WER) 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.


Wereldhave NV Cyclically Adjusted PB Ratio Related Terms

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


Wereldhave NV (FRA:WER) Business Description

Industry
Traded in Other Exchanges
Address
Schiphol Boulevard 233, WTC Schiphol, Tower A, PO Box 75837, 3rd Floor, Schiphol, NLD, 1118 BH
Wereldhave NV is a Dutch real estate investment company that owns and operates shopping centres in northwest continental Europe. The company's properties are located in large regional cities in the Netherlands, Belgium, France, and Finland, with the majority of revenue derived from the Netherlands. Wereldhave principally generates revenue from leasing properties to tenants, which include fashion and accessories stores, restaurants and cafes, consumer electronics retailers, and homeware and household shops.

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