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Charter Hall Group (ASX:CHC) Cyclically Adjusted PB Ratio : 2.42 (As of May. 13, 2024)


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What is Charter Hall Group Cyclically Adjusted PB Ratio?

As of today (2024-05-13), Charter Hall Group's current share price is A$12.08. Charter Hall Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was A$5.00. Charter Hall Group's Cyclically Adjusted PB Ratio for today is 2.42.

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

ASX:CHC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 2.65   Max: 5.75
Current: 2.43

During the past 13 years, Charter Hall Group's highest Cyclically Adjusted PB Ratio was 5.75. The lowest was 1.27. And the median was 2.65.

ASX:CHC's Cyclically Adjusted PB Ratio is ranked worse than
89.02% of 1311 companies
in the Real Estate industry
Industry Median: 0.69 vs ASX:CHC: 2.43

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.

Charter Hall Group's adjusted book value per share data of for the fiscal year that ended in Jun23 was A$6.882. 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 A$5.00 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charter Hall Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Charter Hall 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.

Charter Hall Group Cyclically Adjusted PB Ratio Chart

Charter Hall Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 2.83 4.13 2.48 2.14

Charter Hall Group 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 - 2.48 - 2.14 -

Competitive Comparison of Charter Hall Group's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Charter Hall 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.


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

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

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



Charter Hall 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.08/5
=2.42

* 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.

Charter Hall Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Charter Hall Group's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=6.882/124.1700*124.1700
=6.882

Current CPI (Jun23) = 124.1700.

Charter Hall Group Annual Data

Book Value per Share CPI Adj_Book
201406 2.635 98.352 3.327
201506 2.951 99.838 3.670
201606 3.213 100.859 3.956
201706 3.698 102.809 4.466
201806 3.989 104.945 4.720
201906 4.100 106.617 4.775
202006 4.466 106.246 5.219
202106 5.091 110.332 5.730
202206 6.864 117.112 7.278
202306 6.882 124.170 6.882

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.


Charter Hall Group  (ASX:CHC) 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.


Charter Hall Group Cyclically Adjusted PB Ratio Related Terms

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


Charter Hall Group (ASX:CHC) Business Description

Industry
Traded in Other Exchanges
Address
No.1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Group's main activity is managing property funds for retail and institutional investors, and listed REITs such as Charter Hall Retail REIT, Charter Hall Social Infrastructure REIT, and Charter Hall Long WALE REIT. More than two thirds of earnings come from funds management and we expect this proportion to increase over time. Strong returns generated substantial performance fees over the last five years, which we expect to moderate due to lower property market returns in future, however regular base fees and intermittent performance fees should continue. Charter Hall co-invests in its funds, so a portion of its earnings come from rent, as well as development fees and development profits on projects that it manages.

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