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Apartmentome REIT (BSP:A1IV34) Cyclically Adjusted PB Ratio : 2.08 (As of May. 31, 2024)


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What is Apartmentome REIT Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Apartmentome REIT's current share price is R$40.12. Apartmentome REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$19.28. Apartmentome REIT's Cyclically Adjusted PB Ratio for today is 2.08.

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

BSP:A1IV34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 3.96   Max: 6.39
Current: 2.53

During the past years, Apartmentome REIT's highest Cyclically Adjusted PB Ratio was 6.39. The lowest was 1.73. And the median was 3.96.

BSP:A1IV34's Cyclically Adjusted PB Ratio is ranked worse than
89.7% of 495 companies
in the REITs industry
Industry Median: 0.76 vs BSP:A1IV34: 2.53

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.

Apartmentome REIT's adjusted book value per share data for the three months ended in Mar. 2024 was R$78.152. 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 R$19.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apartmentome REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Apartmentome REIT'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.

Apartmentome REIT Cyclically Adjusted PB Ratio Chart

Apartmentome REIT 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 5.87 3.49 4.40 2.48 2.34

Apartmentome REIT 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 2.52 2.50 2.08 2.34 2.13

Competitive Comparison of Apartmentome REIT's Cyclically Adjusted PB Ratio

For the REIT - Residential subindustry, Apartmentome REIT'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.


Apartmentome REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Apartmentome REIT 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.

Apartmentome REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.12/19.28
=2.08

* 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.

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

For example, Apartmentome REIT'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)
=78.152/131.7762*131.7762
=78.152

Current CPI (Mar. 2024) = 131.7762.

Apartmentome REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.631 100.560 24.415
201409 21.277 100.428 27.919
201412 24.000 99.070 31.923
201503 37.380 99.621 49.445
201506 37.366 100.684 48.905
201509 45.962 100.392 60.331
201512 46.382 99.792 61.248
201603 43.539 100.470 57.105
201606 44.992 101.688 58.305
201609 41.247 101.861 53.361
201612 45.555 101.863 58.933
201703 39.753 102.862 50.927
201706 36.698 103.349 46.792
201709 33.857 104.136 42.844
201712 41.168 104.011 52.158
201803 41.120 105.290 51.464
201806 45.592 106.317 56.510
201809 66.703 106.507 82.529
201812 52.347 105.998 65.078
201903 56.221 107.251 69.077
201906 56.561 108.070 68.969
201909 58.429 108.329 71.075
201912 60.783 108.420 73.877
202003 69.878 108.902 84.556
202006 73.278 108.767 88.779
202009 95.282 109.815 114.337
202012 45.096 109.897 54.074
202103 49.964 111.754 58.915
202106 50.552 114.631 58.113
202109 51.045 115.734 58.120
202112 65.227 117.630 73.072
202203 67.009 121.301 72.796
202206 69.746 125.017 73.517
202209 69.958 125.227 73.617
202212 75.800 125.222 79.768
202303 71.832 127.348 74.330
202306 64.970 128.729 66.508
202309 84.191 129.860 85.434
202312 79.448 129.419 80.895
202403 78.152 131.776 78.152

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.


Apartmentome REIT  (BSP:A1IV34) 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.


Apartmentome REIT Cyclically Adjusted PB Ratio Related Terms

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


Apartmentome REIT (BSP:A1IV34) Business Description

Traded in Other Exchanges
Address
4582 South Ulster Street, Suite 1700, Denver, CO, USA, 80237
Apartment Investment and Management Co. owns a portfolio of 73 apartment communities with over 25,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.

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