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Cofinimmo/NV (Cofinimmo/NV) Cyclically Adjusted PB Ratio : 0.54 (As of Jun. 09, 2024)


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What is Cofinimmo/NV Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Cofinimmo/NV's current share price is $62.265. Cofinimmo/NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $116.21. Cofinimmo/NV's Cyclically Adjusted PB Ratio for today is 0.54.

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

CFMOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 1.14   Max: 1.6
Current: 0.52

During the past years, Cofinimmo/NV's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.50. And the median was 1.14.

CFMOF's Cyclically Adjusted PB Ratio is ranked better than
65.45% of 495 companies
in the REITs industry
Industry Median: 0.76 vs CFMOF: 0.52

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.

Cofinimmo/NV's adjusted book value per share data for the three months ended in Mar. 2024 was $107.712. 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 $116.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cofinimmo/NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cofinimmo/NV'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.

Cofinimmo/NV Cyclically Adjusted PB Ratio Chart

Cofinimmo/NV 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 1.32 1.25 1.38 0.75 0.64

Cofinimmo/NV 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 0.73 0.62 0.58 0.64 0.54

Competitive Comparison of Cofinimmo/NV's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Cofinimmo/NV'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.


Cofinimmo/NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Cofinimmo/NV's Cyclically Adjusted PB Ratio falls into.



Cofinimmo/NV 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.

Cofinimmo/NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.265/116.21
=0.54

* 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.

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

For example, Cofinimmo/NV'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)
=107.712/130.5518*130.5518
=107.712

Current CPI (Mar. 2024) = 130.5518.

Cofinimmo/NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 116.763 99.482 153.230
201409 111.547 99.195 146.809
201412 106.735 99.086 140.630
201503 93.835 99.423 123.215
201506 98.186 100.107 128.047
201509 99.372 100.245 129.414
201512 98.952 100.572 128.449
201603 101.268 101.653 130.058
201606 98.063 102.267 125.185
201609 100.076 102.118 127.941
201612 95.420 102.614 121.399
201703 98.839 103.972 124.107
201706 99.355 103.902 124.838
201709 103.867 104.170 130.172
201712 108.224 104.804 134.812
201803 112.881 105.419 139.793
201806 106.517 106.063 131.111
201809 109.024 106.618 133.498
201812 106.361 107.252 129.467
201903 106.703 107.876 129.132
201906 101.861 107.896 123.249
201909 101.682 107.470 123.521
201912 105.576 108.065 127.545
202003 107.064 108.550 128.764
202006 104.678 108.540 125.906
202009 111.124 108.441 133.781
202012 115.940 108.511 139.490
202103 116.814 109.522 139.244
202106 114.342 110.305 135.330
202109 116.673 111.543 136.556
202112 115.401 114.705 131.344
202203 118.250 118.620 130.145
202206 114.358 120.948 123.438
202209 109.851 124.120 115.544
202212 117.310 126.578 120.993
202303 119.147 126.528 122.936
202306 113.548 125.973 117.675
202309 111.679 127.083 114.727
202312 107.536 128.292 109.430
202403 107.712 130.552 107.712

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.


Cofinimmo/NV  (OTCPK:CFMOF) 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.


Cofinimmo/NV Cyclically Adjusted PB Ratio Related Terms

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


Cofinimmo/NV (Cofinimmo/NV) Business Description

Industry
Address
58 Boulevard de la Woluwedal, Brussels, BEL, 1200
Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.

Cofinimmo/NV (Cofinimmo/NV) Headlines

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