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Blackstone Mortgage Trust (STU:079A) Cyclically Adjusted PB Ratio : 0.52 (As of May. 31, 2024)


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What is Blackstone Mortgage Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Blackstone Mortgage Trust's current share price is €15.20. Blackstone Mortgage Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €29.45. Blackstone Mortgage Trust's Cyclically Adjusted PB Ratio for today is 0.52.

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

STU:079A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.69   Max: 29.2
Current: 0.53

During the past years, Blackstone Mortgage Trust's highest Cyclically Adjusted PB Ratio was 29.20. The lowest was 0.19. And the median was 0.69.

STU:079A's Cyclically Adjusted PB Ratio is ranked better than
66.87% of 495 companies
in the REITs industry
Industry Median: 0.76 vs STU:079A: 0.53

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.

Blackstone Mortgage Trust's adjusted book value per share data for the three months ended in Mar. 2024 was €21.968. 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 €29.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone Mortgage Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Blackstone Mortgage Trust'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.

Blackstone Mortgage Trust Cyclically Adjusted PB Ratio Chart

Blackstone Mortgage Trust 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 - 1.68 1.17 0.68 0.67

Blackstone Mortgage Trust 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 0.57 0.65 0.68 0.67 0.62

Competitive Comparison of Blackstone Mortgage Trust's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust'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.


Blackstone Mortgage Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Blackstone Mortgage Trust's Cyclically Adjusted PB Ratio falls into.



Blackstone Mortgage Trust 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.

Blackstone Mortgage Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.20/29.45
=0.52

* 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.

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

For example, Blackstone Mortgage Trust'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)
=21.968/131.7762*131.7762
=21.968

Current CPI (Mar. 2024) = 131.7762.

Blackstone Mortgage Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.815 100.560 24.656
201409 19.881 100.428 26.087
201412 20.395 99.070 27.128
201503 23.031 99.621 30.465
201506 23.731 100.684 31.059
201509 23.774 100.392 31.206
201512 24.420 99.792 32.247
201603 23.861 100.470 31.296
201606 23.658 101.688 30.658
201609 23.754 101.861 30.730
201612 25.005 101.863 32.348
201703 24.613 102.862 31.532
201706 23.524 103.349 29.994
201709 22.293 104.136 28.210
201712 22.801 104.011 28.888
201803 21.897 105.290 27.405
201806 23.224 106.317 28.785
201809 23.638 106.507 29.246
201812 23.956 105.998 29.782
201903 24.222 107.251 29.761
201906 24.696 108.070 30.113
201909 25.307 108.329 30.784
201912 25.083 108.420 30.486
202003 24.410 108.902 29.537
202006 23.535 108.767 28.514
202009 22.552 109.815 27.062
202012 21.763 109.897 26.096
202103 22.184 111.754 26.158
202106 22.193 114.631 25.512
202109 22.934 115.734 26.113
202112 24.144 117.630 27.048
202203 24.758 121.301 26.896
202206 25.762 125.017 27.155
202209 27.531 125.227 28.971
202212 24.845 125.222 26.145
202303 24.587 127.348 25.442
202306 24.323 128.729 24.899
202309 24.314 129.860 24.673
202312 23.123 129.419 23.544
202403 21.968 131.776 21.968

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.


Blackstone Mortgage Trust  (STU:079A) 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.


Blackstone Mortgage Trust Cyclically Adjusted PB Ratio Related Terms

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


Blackstone Mortgage Trust (STU:079A) Business Description

Traded in Other Exchanges
Address
345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Blackstone Mortgage Trust (STU:079A) Headlines

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