Nippon Prologis REIT (FRA:9NPA) Cyclically Adjusted PB Ratio : 1.40 (As of Jun. 10, 2024)

Nippon Prologis REIT Cyclically Adjusted PB Ratio Chart

Nippon Prologis REIT Annual Data
	Trend	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov23
Cyclically Adjusted PB Ratio		Get a 7-Day Free Trial					-	-	-	-	1.71

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	-	-	-	1.71

Competitive Comparison of Nippon Prologis REIT's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, Nippon Prologis 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.

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

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

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

Nippon Prologis 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.

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

* 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.

Nippon Prologis REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Nippon Prologis REIT's adjusted Book Value per Share data for the fiscal year that ended in Nov23 was:

Current CPI (Nov23) = 106.9000.

Nippon Prologis REIT Annual Data

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.

Nippon Prologis REIT  (FRA:9NPA) 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.

Nippon Prologis REIT Cyclically Adjusted PB Ratio Related Terms

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Nippon Prologis REIT (FRA:9NPA) Business Description