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Brandywine Realty Trust (Brandywine Realty Trust) Cyclically Adjusted PB Ratio : 0.37 (As of May. 24, 2024)


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What is Brandywine Realty Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Brandywine Realty Trust's current share price is $4.59. Brandywine Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.30. Brandywine Realty Trust's Cyclically Adjusted PB Ratio for today is 0.37.

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

BDN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.91   Max: 1.27
Current: 0.37

During the past years, Brandywine Realty Trust's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.29. And the median was 0.91.

BDN's Cyclically Adjusted PB Ratio is ranked better than
80.12% of 493 companies
in the REITs industry
Industry Median: 0.76 vs BDN: 0.37

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.

Brandywine Realty Trust's adjusted book value per share data for the three months ended in Mar. 2024 was $7.462. 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 $12.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brandywine Realty Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brandywine Realty Trust'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.

Brandywine Realty Trust Cyclically Adjusted PB Ratio Chart

Brandywine Realty Trust 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 1.24 0.98 1.08 0.49 0.44

Brandywine Realty Trust 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 0.37 0.37 0.36 0.44 0.39

Competitive Comparison of Brandywine Realty Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Brandywine Realty Trust'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.


Brandywine Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Brandywine Realty Trust's Cyclically Adjusted PB Ratio falls into.



Brandywine Realty Trust 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.

Brandywine Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.59/12.3
=0.37

* 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.

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

For example, Brandywine Realty Trust'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)
=7.462/131.7762*131.7762
=7.462

Current CPI (Mar. 2024) = 131.7762.

Brandywine Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.775 100.560 15.430
201409 12.118 100.428 15.901
201412 11.940 99.070 15.882
201503 11.842 99.621 15.664
201506 11.655 100.684 15.254
201509 11.565 100.392 15.180
201512 11.070 99.792 14.618
201603 11.127 100.470 14.594
201606 10.921 101.688 14.152
201609 10.816 101.861 13.993
201612 10.656 101.863 13.785
201703 10.630 102.862 13.618
201706 9.925 103.349 12.655
201709 9.880 104.136 12.502
201712 10.260 104.011 12.999
201803 10.366 105.290 12.974
201806 10.265 106.317 12.723
201809 9.854 106.507 12.192
201812 10.170 105.998 12.643
201903 10.053 107.251 12.352
201906 9.749 108.070 11.888
201909 9.596 108.329 11.673
201912 9.507 108.420 11.555
202003 9.321 108.902 11.279
202006 9.149 108.767 11.084
202009 10.583 109.815 12.699
202012 10.518 109.897 12.612
202103 10.382 111.754 12.242
202106 10.183 114.631 11.706
202109 10.018 115.734 11.407
202112 9.877 117.630 11.065
202203 9.733 121.301 10.574
202206 9.581 125.017 10.099
202209 9.485 125.227 9.981
202212 9.475 125.222 9.971
202303 9.233 127.348 9.554
202306 9.002 128.729 9.215
202309 8.757 129.860 8.886
202312 7.655 129.419 7.794
202403 7.462 131.776 7.462

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.


Brandywine Realty Trust  (NYSE:BDN) 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.


Brandywine Realty Trust Cyclically Adjusted PB Ratio Related Terms

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


Brandywine Realty Trust (Brandywine Realty Trust) Business Description

Industry
Traded in Other Exchanges
Address
2929 Arch Street, Suite 1800, Philadelphia, PA, USA, 19104
Brandywine Realty Trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. The company owned and managed properties within five segments. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C. and Southern Maryland. The Other segment includes properties in Camden County, New Jersey and New Castle County, Delaware.
Executives
Joan Lau director C/O RENOVACOR, INC., 5 MEAD POINT DRIVE, GREENWICH CT 06830
Michael Joyce director 401 PLYMOUTH ROAD, SUITE 500, PLYMOUTH MEETING PA 19462
Tom Wirth officer: Executive Vice President C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
William D Redd officer: Executive Vice President 555 EAST LANCASTER AVE, SUITE 100, RADNOR PA 19087
H Jeffrey Devuono officer: Executive Vice President 401 PLYMOUTH RD, STE 500, PLYMOUTH MEETING PA 19462
Reginald Desroches director C/O BRANDYWINE REALTY TRUST, 2929 WALNUT STREET, SUITE 1700, PHILADELPHIA PA 19104
Wyche Fowler director 401 PLYMOUTH ROAD, SUITE 500, PLYMOUTH MEETING PA 19462
Shawn Neuman officer: General Counsel & Secretary C/O LIBERTY PROPERTY TRUST, SUITE 400, WAYNE PA 19087
Gerard H Sweeney director, officer: President and CEO 200 BERWYN PARK, STE 100, BERWYN PA 19312
Daniel A Palazzo officer: VP & Chief Accounting Officer 555 EAST LANCASTER AVE., SUITE 100, RADNOR PA 19087
Nichols Anthony A Sr director
James C Diggs director 1000 SIX PPG PL, PITTSBURGH PA 15222
Terri A Herubin director 2929 WALNUT STREET, SUITE 1700, PHILADELPHIA PA 19104
Haverstick H Richard Jr director 26 WRENTHAM DRIVE, MEDFORD NJ 08055
Rice Jennifer Matthews officer: VP of Legal Affairs 555 EAST LANCASTER AVE, SUITE 100, RADNOR PA 19087