National Storage REIT (National Storage REIT) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)

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What is National Storage REIT Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

National Storage REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for National Storage REIT'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.

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National Storage REIT Cyclically Adjusted PB Ratio Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cyclically Adjusted PB Ratio

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14.90

National Storage REIT 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															-	-	-	14.90	-

Competitive Comparison of National Storage REIT's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, National Storage 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.

National Storage REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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

National Storage 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.

National Storage REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, National Storage REIT's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun23 (Change)	*	Current CPI (Jun23)
	=	0.136	/	124.1700	*	124.1700
	=	0.136

Current CPI (Jun23) = 124.1700.

National Storage REIT Annual Data

	Book Value per Share	CPI	Adj_Book
201406	0.077	98.352	0.097
201506	0.074	99.838	0.092
201606	0.072	100.859	0.089
201706	0.099	102.809	0.120
201806	0.102	104.945	0.121
201906	0.119	106.617	0.139
202006	0.097	106.246	0.113
202106	0.113	110.332	0.127
202206	0.122	117.112	0.129
202306	0.136	124.170	0.136

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.

National Storage REIT (OTCPK:NTSGF) 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.

National Storage REIT Cyclically Adjusted PB Ratio Related Terms

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National Storage REIT (National Storage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (OTCPK:NTSGF) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

NSR:Australia

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.