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CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Cyclically Adjusted PB Ratio : 0.48 (As of May. 26, 2024)


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What is CIM Real Estate Finance Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-26), CIM Real Estate Finance Trust's current share price is $3.60. CIM Real Estate Finance Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $7.51. CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio for today is 0.48.

The historical rank and industry rank for CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

CMRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.5   Max: 0.79
Current: 0.48

During the past years, CIM Real Estate Finance Trust's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.01. And the median was 0.50.

CMRF's Cyclically Adjusted PB Ratio is ranked better than
71.2% of 493 companies
in the REITs industry
Industry Median: 0.76 vs CMRF: 0.48

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.

CIM Real Estate Finance Trust's adjusted book value per share data for the three months ended in Mar. 2024 was $4.995. 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 $7.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CIM Real Estate Finance Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CIM Real Estate Finance 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.

CIM Real Estate Finance Trust Cyclically Adjusted PB Ratio Chart

CIM Real Estate Finance 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 - - - - 0.51

CIM Real Estate Finance 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 - 0.67 0.49 0.51 0.48

Competitive Comparison of CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, CIM Real Estate Finance 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.


CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio falls into.



CIM Real Estate Finance 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.

CIM Real Estate Finance Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.60/7.51
=0.48

* 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.

CIM Real Estate Finance Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CIM Real Estate Finance 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)
=4.995/131.7762*131.7762
=4.995

Current CPI (Mar. 2024) = 131.7762.

CIM Real Estate Finance Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.057 100.560 10.558
201409 7.825 100.428 10.268
201412 7.629 99.070 10.148
201503 7.467 99.621 9.877
201506 7.316 100.684 9.575
201509 7.155 100.392 9.392
201512 7.038 99.792 9.294
201603 6.915 100.470 9.070
201606 6.816 101.688 8.833
201609 6.736 101.861 8.714
201612 6.664 101.863 8.621
201703 6.574 102.862 8.422
201706 6.467 103.349 8.246
201709 6.408 104.136 8.109
201712 6.323 104.011 8.011
201803 6.262 105.290 7.837
201806 6.173 106.317 7.651
201809 6.069 106.507 7.509
201812 5.835 105.998 7.254
201903 5.691 107.251 6.992
201906 5.535 108.070 6.749
201909 5.382 108.329 6.547
201912 5.752 108.420 6.991
202003 5.520 108.902 6.679
202006 5.496 108.767 6.659
202009 5.981 109.815 7.177
202012 6.073 109.897 7.282
202103 5.984 111.754 7.056
202106 5.595 114.631 6.432
202109 5.611 115.734 6.389
202112 5.780 117.630 6.475
202203 5.770 121.301 6.268
202206 5.826 125.017 6.141
202209 5.744 125.227 6.044
202212 5.615 125.222 5.909
202303 5.574 127.348 5.768
202306 5.561 128.729 5.693
202309 5.430 129.860 5.510
202312 5.183 129.419 5.277
202403 4.995 131.776 4.995

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.


CIM Real Estate Finance Trust  (OTCPK:CMRF) 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.


CIM Real Estate Finance Trust Cyclically Adjusted PB Ratio Related Terms

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


CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Business Description

Traded in Other Exchanges
N/A
Address
2398 East Camelback Road, 4th Floor, Phoenix, AZ, USA, 85016
CIM Real Estate Finance Trust Inc is a real estate investment trust. The company invests in commercial real estate investments consisting of necessity retail properties located throughout the United States. The company operates a diversified portfolio of core commercial real estate consisting of net leased properties located throughout the United States and short-duration senior secured loans and other credit investments.
Executives
Jason K Schreiber director 263 NINTH AVENUE APARTMENT 9B, NEW YORK NY 10001
Krol Emily Vande director 30003 N. 68TH STREET, SCOTTSDALE AZ 85266
Roger Snell director 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Stephen O Evans director 5825 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253
Gary Robert A Iv director 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
Calvin E Hollis director 2325 E. CAMELBACK ROAD, 10TH FLOOR, PHOENIX AZ 85016
Marcus E Bromley director
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Elaine Y Wong director 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Avraham Shemesh director C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028
W Brian Kretzmer director 26110 ENTERPRISE WAY, STE 200, LAKE FOREST CA 92630
Richard S Ressler director, officer: CEO & President C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Smith Jeffrey Randall Jr officer: See Remarks COLE CAPITAL, 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Nathan David Debacker officer: See Remarks 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Glenn J Rufrano director C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036

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