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Greystone Housing Impact Investors LP (Greystone Housing Impact Investors LP) Cyclically Adjusted PB Ratio : 1.01 (As of Apr. 27, 2024)


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What is Greystone Housing Impact Investors LP Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Greystone Housing Impact Investors LP's current share price is $15.28. Greystone Housing Impact Investors LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.10. Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio for today is 1.01.

The historical rank and industry rank for Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio or its related term are showing as below:

GHI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.22   Max: 1.71
Current: 0.98

During the past years, Greystone Housing Impact Investors LP's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.79. And the median was 1.22.

GHI's Cyclically Adjusted PB Ratio is ranked worse than
54.27% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs GHI: 0.98

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.

Greystone Housing Impact Investors LP's adjusted book value per share data for the three months ended in Dec. 2023 was $15.192. 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 $15.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greystone Housing Impact Investors LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Greystone Housing Impact Investors LP'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.

Greystone Housing Impact Investors LP Cyclically Adjusted PB Ratio Chart

Greystone Housing Impact Investors LP 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 1.63 0.91 1.32 1.18 1.11

Greystone Housing Impact Investors LP 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 1.18 1.16 1.09 1.02 1.11

Competitive Comparison of Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio

For the Mortgage Finance subindustry, Greystone Housing Impact Investors LP'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.


Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio falls into.



Greystone Housing Impact Investors LP 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.

Greystone Housing Impact Investors LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.28/15.1
=1.01

* 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.

Greystone Housing Impact Investors LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Greystone Housing Impact Investors LP'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)
=15.192/129.4194*129.4194
=15.192

Current CPI (Dec. 2023) = 129.4194.

Greystone Housing Impact Investors LP Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.266 99.695 17.221
201406 13.888 100.560 17.874
201409 14.701 100.428 18.945
201412 15.114 99.070 19.744
201503 14.786 99.621 19.209
201506 13.726 100.684 17.643
201509 14.602 100.392 18.824
201512 15.269 99.792 19.802
201603 15.202 100.470 19.582
201606 17.991 101.688 22.897
201609 15.617 101.861 19.842
201612 11.677 101.863 14.836
201703 11.707 102.862 14.730
201706 12.029 103.349 15.063
201709 10.957 104.136 13.617
201712 10.684 104.011 13.294
201803 9.392 105.290 11.544
201806 9.348 106.317 11.379
201809 9.426 106.507 11.454
201812 10.172 105.998 12.420
201903 10.492 107.251 12.661
201906 11.007 108.070 13.182
201909 11.940 108.329 14.265
201912 11.956 108.420 14.272
202003 11.261 108.902 13.383
202006 12.301 108.767 14.637
202009 12.945 109.815 15.256
202012 12.818 109.897 15.095
202103 12.058 111.754 13.964
202106 12.213 114.631 13.789
202109 12.613 115.734 14.104
202112 12.321 117.630 13.556
202203 10.877 121.301 11.605
202206 10.206 125.017 10.565
202209 9.567 125.227 9.887
202212 14.524 125.222 15.011
202303 15.266 127.348 15.514
202306 15.078 128.729 15.159
202309 13.080 129.860 13.036
202312 15.192 129.419 15.192

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.


Greystone Housing Impact Investors LP  (NYSE:GHI) 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.


Greystone Housing Impact Investors LP Cyclically Adjusted PB Ratio Related Terms

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


Greystone Housing Impact Investors LP (Greystone Housing Impact Investors LP) Business Description

Traded in Other Exchanges
N/A
Address
14301 FNB Parkway, Suite 211, Omaha, NE, USA, 68154
Greystone Housing Impact Investors LP engaged in acquiring a portfolio of mortgage revenue bonds (MRBs) that are issued by state and local housing authorities to provide construction and/or permanent financing for affordable multifamily housing, seniors housing, and commercial properties. It has four reportable segments, namely Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments. It generates the majority of its revenue from the Affordable Multifamily MRB Investments segment.
Executives
Kenneth Rogozinski officer: Chief Investment Officer 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Robert Keith Jacobsen director 99 VIA LOS ALTOS, TIBURON CA 94920
Hafize Gaye Erkan director 727 FIFTH AVENUE, NEW YORK NY 10022
Deborah A Wilson director 14301 FNB PARKWAY, SUITE 211, OMAHA NE 68154
Stephen Rosenberg director 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Jeffrey Baevsky director 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Chad L Daffer officer: Chief Executive Officer 1004 FARNAM STREET, STE 400, OMAHA NE 68102
Jesse A. Coury officer: Interim CFO 14301 FNB PARKWAY, SUITE 211, OMAHA NE 68154
Curtis Pollock director 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
William Mando director 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Drew Fletcher director 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Steven C Lilly director 1004 FARNAM STREET, SUITE 400, OMAHA NE 27511
Lisa Y Roskens officer: Chairman,President,CEOofGPofGP, other: Director of GP of GP
William S Carter director
George H Krauss director AMERICA FIRST COMPANIES, 2850 WOODMEN TOWER, OMAHA NE 68102

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