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Outfront Media (FRA:76C) Cyclically Adjusted PB Ratio : 1.53 (As of Jun. 03, 2024)


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What is Outfront Media Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Outfront Media's current share price is €13.30. Outfront Media's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.67. Outfront Media's Cyclically Adjusted PB Ratio for today is 1.53.

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

FRA:76C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.48   Max: 2.38
Current: 1.53

During the past years, Outfront Media's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.81. And the median was 1.48.

FRA:76C's Cyclically Adjusted PB Ratio is ranked worse than
77.78% of 495 companies
in the REITs industry
Industry Median: 0.76 vs FRA:76C: 1.53

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.

Outfront Media's adjusted book value per share data for the three months ended in Mar. 2024 was €2.907. 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 €8.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Outfront Media Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Outfront Media'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.

Outfront Media Cyclically Adjusted PB Ratio Chart

Outfront Media 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 - - 2.22 1.40 1.45

Outfront Media 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 1.42 1.44 0.98 1.45 1.78

Competitive Comparison of Outfront Media's Cyclically Adjusted PB Ratio

For the REIT - Specialty subindustry, Outfront Media'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.


Outfront Media's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Outfront Media 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.

Outfront Media's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.30/8.67
=1.53

* 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.

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

For example, Outfront Media'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)
=2.907/131.7762*131.7762
=2.907

Current CPI (Mar. 2024) = 131.7762.

Outfront Media Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.397 100.560 11.004
201409 10.133 100.428 13.296
201412 8.582 99.070 11.415
201503 9.348 99.621 12.365
201506 8.880 100.684 11.622
201509 8.644 100.392 11.346
201512 8.090 99.792 10.683
201603 7.620 100.470 9.994
201606 8.104 101.688 10.502
201609 8.080 101.861 10.453
201612 8.469 101.863 10.956
201703 7.995 102.862 10.242
201706 7.589 103.349 9.676
201709 7.234 104.136 9.154
201712 7.201 104.011 9.123
201803 6.594 105.290 8.253
201806 6.607 106.317 8.189
201809 6.643 106.507 8.219
201812 6.914 105.998 8.595
201903 6.571 107.251 8.074
201906 6.779 108.070 8.266
201909 6.916 108.329 8.413
201912 6.855 108.420 8.332
202003 6.449 108.902 7.804
202006 6.003 108.767 7.273
202009 5.671 109.815 6.805
202012 5.540 109.897 6.643
202103 5.233 111.754 6.171
202106 5.187 114.631 5.963
202109 5.411 115.734 6.161
202112 6.042 117.630 6.769
202203 6.725 121.301 7.306
202206 7.010 125.017 7.389
202209 7.427 125.227 7.815
202212 7.045 125.222 7.414
202303 6.455 127.348 6.679
202306 3.469 128.729 3.551
202309 3.351 129.860 3.400
202312 3.371 129.419 3.432
202403 2.907 131.776 2.907

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.


Outfront Media  (FRA:76C) 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.


Outfront Media Cyclically Adjusted PB Ratio Related Terms

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


Outfront Media (FRA:76C) Business Description

Industry
Traded in Other Exchanges
Address
405 Lexington Avenue, 17th Floor, New York, NY, USA, 10174
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.

Outfront Media (FRA:76C) Headlines

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