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W.P. Carey (LTS:0LS8) Cyclically Adjusted PB Ratio : 1.32 (As of Jun. 07, 2024)


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What is W.P. Carey Cyclically Adjusted PB Ratio?

As of today (2024-06-07), W.P. Carey's current share price is $57.50. W.P. Carey's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $43.70. W.P. Carey's Cyclically Adjusted PB Ratio for today is 1.32.

The historical rank and industry rank for W.P. Carey's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0LS8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.41   Max: 3.56
Current: 1.32

During the past years, W.P. Carey's highest Cyclically Adjusted PB Ratio was 3.56. The lowest was 1.18. And the median was 2.41.

LTS:0LS8's Cyclically Adjusted PB Ratio is ranked worse than
72.73% of 495 companies
in the REITs industry
Industry Median: 0.76 vs LTS:0LS8: 1.32

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.

W.P. Carey's adjusted book value per share data for the three months ended in Mar. 2024 was $39.635. 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 $43.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


W.P. Carey Cyclically Adjusted PB Ratio Historical Data

The historical data trend for W.P. Carey'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.

W.P. Carey Cyclically Adjusted PB Ratio Chart

W.P. Carey 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 2.52 2.06 2.12 1.85 1.49

W.P. Carey 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 1.79 1.54 1.22 1.49 1.28

Competitive Comparison of W.P. Carey's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, W.P. Carey'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.


W.P. Carey's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, W.P. Carey's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W.P. Carey's Cyclically Adjusted PB Ratio falls into.



W.P. Carey 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.

W.P. Carey's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.50/43.7
=1.32

* 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.

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

For example, W.P. Carey'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)
=39.635/131.7762*131.7762
=39.635

Current CPI (Mar. 2024) = 131.7762.

W.P. Carey Quarterly Data

Book Value per Share CPI Adj_Book
201406 37.035 100.560 48.532
201409 37.142 100.428 48.736
201412 36.052 99.070 47.954
201503 34.276 99.621 45.339
201506 34.480 100.684 45.128
201509 33.387 100.392 43.825
201512 32.813 99.792 43.330
201603 32.403 100.470 42.500
201606 31.685 101.688 41.060
201609 31.841 101.861 41.192
201612 31.062 101.863 40.184
201703 30.570 102.862 39.163
201706 30.296 103.349 38.629
201709 30.202 104.136 38.218
201712 29.856 104.011 37.826
201803 29.377 105.290 36.767
201806 28.917 106.317 35.842
201809 28.557 106.507 35.332
201812 41.289 105.998 51.330
201903 41.331 107.251 50.782
201906 40.903 108.070 49.876
201909 40.389 108.329 49.131
201912 40.295 108.420 48.975
202003 39.274 108.902 47.523
202006 39.110 108.767 47.383
202009 39.269 109.815 47.122
202012 39.205 109.897 47.010
202103 38.806 111.754 45.758
202106 39.615 114.631 45.540
202109 39.644 115.734 45.139
202112 39.901 117.630 44.700
202203 39.986 121.301 43.439
202206 39.607 125.017 41.748
202209 42.297 125.227 44.509
202212 42.701 125.222 44.936
202303 43.487 127.348 44.999
202306 43.153 128.729 44.175
202309 42.699 129.860 43.329
202312 39.788 129.419 40.513
202403 39.635 131.776 39.635

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.


W.P. Carey  (LTS:0LS8) 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.


W.P. Carey Cyclically Adjusted PB Ratio Related Terms

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W.P. Carey (LTS:0LS8) Business Description

Industry
Traded in Other Exchanges
Address
One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.

W.P. Carey (LTS:0LS8) Headlines

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