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CoStar Group (CoStar Group) Cyclically Adjusted PB Ratio : 6.60 (As of Jun. 09, 2024)


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What is CoStar Group Cyclically Adjusted PB Ratio?

As of today (2024-06-09), CoStar Group's current share price is $76.21. CoStar Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.55. CoStar Group's Cyclically Adjusted PB Ratio for today is 6.60.

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

CSGP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.09   Med: 8.67   Max: 15.92
Current: 6.6

During the past years, CoStar Group's highest Cyclically Adjusted PB Ratio was 15.92. The lowest was 6.09. And the median was 8.67.

CSGP's Cyclically Adjusted PB Ratio is ranked worse than
96.98% of 1389 companies
in the Real Estate industry
Industry Median: 0.71 vs CSGP: 6.60

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.

CoStar Group's adjusted book value per share data for the three months ended in Mar. 2024 was $17.959. 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 $11.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CoStar Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CoStar Group'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.

CoStar Group Cyclically Adjusted PB Ratio Chart

CoStar Group 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 12.10 15.28 10.37 8.28 7.94

CoStar Group 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 7.01 8.67 7.19 7.94 8.36

Competitive Comparison of CoStar Group's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, CoStar Group'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.


CoStar Group's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



CoStar Group 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.

CoStar Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.21/11.55
=6.60

* 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.

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

For example, CoStar Group'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)
=17.959/131.7762*131.7762
=17.959

Current CPI (Mar. 2024) = 131.7762.

CoStar Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.555 100.560 5.969
201409 4.613 100.428 6.053
201412 4.683 99.070 6.229
201503 4.674 99.621 6.183
201506 4.639 100.684 6.072
201509 4.648 100.392 6.101
201512 4.749 99.792 6.271
201603 4.817 100.470 6.318
201606 4.864 101.688 6.303
201609 4.966 101.861 6.424
201612 5.073 101.863 6.563
201703 5.141 102.862 6.586
201706 5.231 103.349 6.670
201709 5.369 104.136 6.794
201712 7.343 104.011 9.303
201803 7.697 105.290 9.633
201806 7.833 106.317 9.709
201809 8.039 106.507 9.946
201812 8.292 105.998 10.309
201903 8.544 107.251 10.498
201906 8.749 108.070 10.668
201909 9.002 108.329 10.950
201912 9.288 108.420 11.289
202003 9.425 108.902 11.405
202006 13.265 108.767 16.071
202009 13.487 109.815 16.184
202012 13.638 109.897 16.353
202103 13.797 111.754 16.269
202106 13.995 114.631 16.088
202109 14.187 115.734 16.153
202112 14.462 117.630 16.201
202203 14.644 121.301 15.909
202206 14.863 125.017 15.667
202209 16.494 125.227 17.357
202212 16.893 125.222 17.777
202303 17.088 127.348 17.682
202306 17.404 128.729 17.816
202309 17.669 129.860 17.930
202312 17.982 129.419 18.309
202403 17.959 131.776 17.959

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.


CoStar Group  (NAS:CSGP) 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.


CoStar Group Cyclically Adjusted PB Ratio Related Terms

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


CoStar Group (CoStar Group) Business Description

Industry
Traded in Other Exchanges
Address
1331 L Street, Northwest, WA, USA, 20005
CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica, with more than 80% of its revenue classified as subscription-based. The company also recently expanded its presence in Canada, the United Kingdom, Spain, and France.
Executives
John W Hill director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Christopher J Nassetta director 77 WEST WACKER DRIVE, SUITE 3900, CHICAGO IL 60601
Angelique G. Brunner director C/O CHESAPEAKE LODGING TRUST, 4300 WILSON BOULEVARD, SUITE 625, ARLINGTON VA 22203
Lisa Ruggles officer: Senior VP, Global Research C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Scott T Wheeler officer: Chief Financial Officer C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Frank Simuro officer: Chief Technology Officer C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Frederick G. Saint officer: President, Marketplaces LOOPNET, INC., 181 W. HUNTINGTON DRIVE, SUITE 208, MONROVIA CA 91016
Andrew C Florance director, officer: President and CEO C/O COSTAR GROUP INC, 1331 L STREET, NW, WASHINGTON DC 20005
Michael J Desmarais officer: Chief Human Resources Officer C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Michael R Klein director 2001 K STREET, N.W., SUITE 206, WASHINGTON DC 20006
Gene Boxer officer: General Counsel and Secretary 14 WESLEY STREET, HAMILTON D0 HM11
Kaplan Laura Cox director C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Matthew Linnington officer: Executive Vice President Sales C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
David Jay Steinberg director C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Robert W Musslewhite director 2445 M STREET, NW, WASHINGTON DC 20037