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Fair Value REIT-AG (FRA:FVI) Cyclically Adjusted PB Ratio : 0.34 (As of Jun. 12, 2024)


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What is Fair Value REIT-AG Cyclically Adjusted PB Ratio?

As of today (2024-06-12), Fair Value REIT-AG's current share price is €3.90. Fair Value REIT-AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €11.60. Fair Value REIT-AG's Cyclically Adjusted PB Ratio for today is 0.34.

The historical rank and industry rank for Fair Value REIT-AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:FVI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.72   Max: 1.01
Current: 0.35

During the past 13 years, Fair Value REIT-AG's highest Cyclically Adjusted PB Ratio was 1.01. The lowest was 0.30. And the median was 0.72.

FRA:FVI's Cyclically Adjusted PB Ratio is ranked better than
81.17% of 494 companies
in the REITs industry
Industry Median: 0.75 vs FRA:FVI: 0.35

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.

Fair Value REIT-AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was €10.287. 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 €11.60 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fair Value REIT-AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fair Value REIT-AG'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.

Fair Value REIT-AG Cyclically Adjusted PB Ratio Chart

Fair Value REIT-AG 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 0.89 0.72 0.75 0.45 0.34

Fair Value REIT-AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.75 - 0.45 - 0.34

Competitive Comparison of Fair Value REIT-AG's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Fair Value REIT-AG'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.


Fair Value REIT-AG's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fair Value REIT-AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fair Value REIT-AG's Cyclically Adjusted PB Ratio falls into.



Fair Value REIT-AG 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.

Fair Value REIT-AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.90/11.6
=0.34

* 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.

Fair Value REIT-AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Fair Value REIT-AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=10.287/123.7729*123.7729
=10.287

Current CPI (Dec23) = 123.7729.

Fair Value REIT-AG Annual Data

Book Value per Share CPI Adj_Book
201412 7.751 99.543 9.638
201512 8.360 99.717 10.377
201612 8.596 101.217 10.512
201712 9.092 102.617 10.966
201812 10.418 104.217 12.373
201912 11.346 105.818 13.271
202012 11.396 105.518 13.368
202112 12.092 110.384 13.559
202212 11.220 119.345 11.636
202312 10.287 123.773 10.287

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.


Fair Value REIT-AG  (FRA:FVI) 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.


Fair Value REIT-AG Cyclically Adjusted PB Ratio Related Terms

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


Fair Value REIT-AG (FRA:FVI) Business Description

Industry
Traded in Other Exchanges
Address
Wurmstrasse 13a, Grafelfing, Munich, DEU, 82166
Fair Value REIT-AG is a real estate investment trust. The company invests in German commercial real estates. Investment focuses on retail properties and office buildings in regional locations. It solely generates its segment revenues from Tenants.

Fair Value REIT-AG (FRA:FVI) Headlines