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Kite Realty Group Trust (FRA:FGC1) Cyclically Adjusted PB Ratio : 1.01 (As of Jun. 01, 2024)


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What is Kite Realty Group Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Kite Realty Group Trust's current share price is €20.00. Kite Realty Group Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €19.71. Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is 1.01.

The historical rank and industry rank for Kite Realty Group Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:FGC1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.87   Max: 1.14
Current: 1.02

During the past years, Kite Realty Group Trust's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.34. And the median was 0.87.

FRA:FGC1's Cyclically Adjusted PB Ratio is ranked worse than
63.43% of 495 companies
in the REITs industry
Industry Median: 0.76 vs FRA:FGC1: 1.02

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.

Kite Realty Group Trust's adjusted book value per share data for the three months ended in Mar. 2024 was €14.792. 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 €19.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kite Realty Group Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kite Realty Group 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.

Kite Realty Group Trust Cyclically Adjusted PB Ratio Chart

Kite Realty Group 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 0.91 0.73 1.04 0.98 1.07

Kite Realty Group 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 0.97 1.03 0.99 1.07 1.01

Competitive Comparison of Kite Realty Group Trust's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Kite Realty Group 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.


Kite Realty Group Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Kite Realty Group Trust's Cyclically Adjusted PB Ratio falls into.



Kite Realty Group 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.

Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/19.71
=1.01

* 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.

Kite Realty Group Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kite Realty Group 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)
=14.792/131.7762*131.7762
=14.792

Current CPI (Mar. 2024) = 131.7762.

Kite Realty Group Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.118 100.560 18.501
201409 17.014 100.428 22.325
201412 17.448 99.070 23.208
201503 19.620 99.621 25.953
201506 18.857 100.684 24.680
201509 18.602 100.392 24.417
201512 19.013 99.792 25.107
201603 18.205 100.470 23.878
201606 17.728 101.688 22.973
201609 17.537 101.861 22.687
201612 18.650 101.863 24.127
201703 18.118 102.862 23.211
201706 17.137 103.349 21.851
201709 15.907 104.136 20.129
201712 15.821 104.011 20.044
201803 14.780 105.290 18.498
201806 15.340 106.317 19.013
201809 15.131 106.507 18.721
201812 14.818 105.998 18.422
201903 14.627 107.251 17.972
201906 14.258 108.070 17.386
201909 14.082 108.329 17.130
201912 13.817 108.420 16.793
202003 13.479 108.902 16.310
202006 13.165 108.767 15.950
202009 12.525 109.815 15.030
202012 12.016 109.897 14.408
202103 12.248 111.754 14.442
202106 11.913 114.631 13.695
202109 12.049 115.734 13.719
202112 15.853 117.630 17.760
202203 16.161 121.301 17.557
202206 16.801 125.017 17.709
202209 17.853 125.227 18.787
202212 16.222 125.222 17.071
202303 15.782 127.348 16.331
202306 15.537 128.729 15.905
202309 15.526 129.860 15.755
202312 14.910 129.419 15.182
202403 14.792 131.776 14.792

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.


Kite Realty Group Trust  (FRA:FGC1) 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.


Kite Realty Group Trust Cyclically Adjusted PB Ratio Related Terms

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


Kite Realty Group Trust (FRA:FGC1) Business Description

Industry
Traded in Other Exchanges
Address
30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204
Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.

Kite Realty Group Trust (FRA:FGC1) Headlines

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