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Great Portland Estates (LSE:GPE) Cyclically Adjusted PB Ratio : 0.40 (As of Jun. 05, 2024)


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What is Great Portland Estates Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Great Portland Estates's current share price is £3.355. Great Portland Estates's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was £8.43. Great Portland Estates's Cyclically Adjusted PB Ratio for today is 0.40.

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

LSE:GPE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.04   Max: 2.05
Current: 0.41

During the past 13 years, Great Portland Estates's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.36. And the median was 1.04.

LSE:GPE's Cyclically Adjusted PB Ratio is ranked better than
77.78% of 495 companies
in the REITs industry
Industry Median: 0.76 vs LSE:GPE: 0.41

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.

Great Portland Estates's adjusted book value per share data of for the fiscal year that ended in Mar24 was £5.196. 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 £8.43 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Great Portland Estates Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Great Portland Estates'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.

Great Portland Estates Cyclically Adjusted PB Ratio Chart

Great Portland Estates Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.81 0.77 0.50 0.38

Great Portland Estates Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 0.77 - 0.50 - 0.38

Competitive Comparison of Great Portland Estates's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Great Portland Estates'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.


Great Portland Estates's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Great Portland Estates's Cyclically Adjusted PB Ratio falls into.



Great Portland Estates 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.

Great Portland Estates's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.355/8.43
=0.40

* 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.

Great Portland Estates's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Great Portland Estates's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=5.196/131.6000*131.6000
=5.196

Current CPI (Mar24) = 131.6000.

Great Portland Estates Annual Data

Book Value per Share CPI Adj_Book
201503 7.048 99.600 9.312
201603 8.585 100.400 11.253
201703 8.073 102.700 10.345
201803 6.978 105.100 8.737
201903 7.067 107.000 8.692
202003 7.206 108.600 8.732
202103 6.449 109.700 7.736
202203 6.911 116.500 7.807
202303 6.275 126.800 6.513
202403 5.196 131.600 5.196

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.


Great Portland Estates  (LSE:GPE) 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.


Great Portland Estates Cyclically Adjusted PB Ratio Related Terms

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


Great Portland Estates (LSE:GPE) Business Description

Traded in Other Exchanges
Address
33 Cavendish Square, London, GBR, W1G 0PW
Great Portland Estates PLC, or GPE, is a real estate investment trust involved in the ownership and development of commercial property in central London. GPE invests in and redevelops London real estate. The company generates revenue from these assets through long-term lease agreements. Income is also derived from the management of other development projects. The majority of the company's real estate portfolio is comprised of office space, while retail locations also make up a significant percentage. Almost half of GPE's properties are located in the North of Oxford Street area. London's West End is home to a substantial share as well. GPE's tenants are primarily divided between retail & leisure shops; technology, media, & telecom companies; and professional & business services firms.

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