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Regency Centers (Regency Centers) Cyclically Adjusted PB Ratio : 1.60 (As of May. 17, 2024)


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What is Regency Centers Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Regency Centers's current share price is $60.12. Regency Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.58. Regency Centers's Cyclically Adjusted PB Ratio for today is 1.60.

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

REG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.49   Max: 4.21
Current: 1.6

During the past years, Regency Centers's highest Cyclically Adjusted PB Ratio was 4.21. The lowest was 1.24. And the median was 2.49.

REG's Cyclically Adjusted PB Ratio is ranked worse than
79.35% of 494 companies
in the REITs industry
Industry Median: 0.78 vs REG: 1.60

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.

Regency Centers's adjusted book value per share data for the three months ended in Mar. 2024 was $36.863. 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 $37.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Regency Centers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Regency Centers'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.

Regency Centers Cyclically Adjusted PB Ratio Chart

Regency Centers 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 2.48 1.68 2.48 1.84 1.83

Regency Centers 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 1.76 1.74 1.64 1.83 1.61

Competitive Comparison of Regency Centers's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Regency Centers'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.


Regency Centers's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Regency Centers's Cyclically Adjusted PB Ratio falls into.



Regency Centers 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.

Regency Centers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.12/37.58
=1.60

* 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.

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

For example, Regency Centers'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)
=36.863/131.7762*131.7762
=36.863

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.890 100.560 20.823
201409 16.378 100.428 21.490
201412 16.882 99.070 22.455
201503 16.453 99.621 21.764
201506 16.562 100.684 21.677
201509 16.577 100.392 21.759
201512 17.864 99.792 23.589
201603 17.708 100.470 23.226
201606 18.577 101.688 24.074
201609 21.529 101.861 27.852
201612 21.760 101.863 28.150
201703 39.218 102.862 50.242
201706 38.984 103.349 49.707
201709 38.855 104.136 49.168
201712 39.135 104.011 49.582
201803 38.834 105.290 48.603
201806 38.615 106.317 47.862
201809 38.520 106.507 47.659
201812 38.194 105.998 47.483
201903 38.004 107.251 46.695
201906 37.701 108.070 45.971
201909 37.473 108.329 45.584
201912 37.177 108.420 45.186
202003 36.646 108.902 44.343
202006 36.182 108.767 43.836
202009 35.694 109.815 42.832
202012 35.368 109.897 42.409
202103 35.248 111.754 41.563
202106 35.245 114.631 40.516
202109 35.557 115.734 40.486
202112 35.351 117.630 39.602
202203 35.784 121.301 38.874
202206 35.878 125.017 37.818
202209 35.836 125.227 37.710
202212 35.726 125.222 37.596
202303 35.532 127.348 36.768
202306 35.415 128.729 36.253
202309 37.125 129.860 37.673
202312 36.972 129.419 37.645
202403 36.863 131.776 36.863

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.


Regency Centers  (NAS:REG) 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.


Regency Centers Cyclically Adjusted PB Ratio Related Terms

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


Regency Centers (Regency Centers) Business Description

Industry
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.
Executives
Stein Martin E Jr director, officer: Chairman and CEO ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Alan Todd Roth officer: Managing Director 1919 GALLOWS ROAD SUITE 1000, VIENNA VA 22182
Michael J Mas officer: EVP and CFO 2764 SHADE TREE DRIVE, FLEMING ISLAND FL 32003
Nicholas Andrew Wibbenmeyer officer: EVP, W. Regional Pres. 1211 W 22ND STREET SUITE 300, OAK BROOK IL 60523
Deirdre Evens director 10 STILLMEADOW WAY, FRAMINGHAM MA 01702
Simmons James H. Iii director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Thomas W Furphy director C/O REGENCY CENTERS CORPORATION, 1 INDEPENDENT DRIVE, SUITE 1300, JACKSONVILLE FL 32202
Bryce Blair director
David P Oconnor director C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Karin Klein director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Kristin Ann Campbell director 500 STAPLES DRIVE, FRAMINGHAM MA 01702
Terah L Devereaux officer: Principal Accounting Officer ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Lisa Palmer officer: Chief Financial Officer C/O REGENCY CENTERS CORPORATION, ONE INDEPENDENT DR., SUITE 114, JACKSONVILLE FL 32202
Thomas G Wattles director ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202

Regency Centers (Regency Centers) Headlines