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Sunstone Hotel Investors (STU:UF2) Cyclically Adjusted PB Ratio : 0.85 (As of Jun. 06, 2024)


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What is Sunstone Hotel Investors Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Sunstone Hotel Investors's current share price is €9.35. Sunstone Hotel Investors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.00. Sunstone Hotel Investors's Cyclically Adjusted PB Ratio for today is 0.85.

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

STU:UF2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.12   Max: 1.63
Current: 0.86

During the past years, Sunstone Hotel Investors's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.69. And the median was 1.12.

STU:UF2's Cyclically Adjusted PB Ratio is ranked worse than
55.15% of 495 companies
in the REITs industry
Industry Median: 0.77 vs STU:UF2: 0.86

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.

Sunstone Hotel Investors's adjusted book value per share data for the three months ended in Mar. 2024 was €8.492. 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 €11.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sunstone Hotel Investors Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sunstone Hotel Investors'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.

Sunstone Hotel Investors Cyclically Adjusted PB Ratio Chart

Sunstone Hotel Investors 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 1.33 1.06 1.04 0.82 0.91

Sunstone Hotel Investors 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 0.83 0.85 0.78 0.91 0.94

Competitive Comparison of Sunstone Hotel Investors's Cyclically Adjusted PB Ratio

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.


Sunstone Hotel Investors's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Sunstone Hotel Investors's Cyclically Adjusted PB Ratio falls into.



Sunstone Hotel Investors 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.

Sunstone Hotel Investors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.35/11
=0.85

* 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.

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

For example, Sunstone Hotel Investors'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)
=8.492/131.7762*131.7762
=8.492

Current CPI (Mar. 2024) = 131.7762.

Sunstone Hotel Investors Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.613 100.560 9.976
201409 8.174 100.428 10.726
201412 8.323 99.070 11.071
201503 9.458 99.621 12.511
201506 9.289 100.684 12.158
201509 9.501 100.392 12.471
201512 9.665 99.792 12.763
201603 9.324 100.470 12.229
201606 9.446 101.688 12.241
201609 9.562 101.861 12.370
201612 9.876 101.863 12.776
201703 9.920 102.862 12.708
201706 9.688 103.349 12.353
201709 9.146 104.136 11.574
201712 8.789 104.011 11.135
201803 8.495 105.290 10.632
201806 9.168 106.317 11.363
201809 9.467 106.507 11.713
201812 9.526 105.998 11.843
201903 9.574 107.251 11.763
201906 9.693 108.070 11.819
201909 9.991 108.329 12.153
201912 9.546 108.420 11.602
202003 8.831 108.902 10.686
202006 8.186 108.767 9.918
202009 7.472 109.815 8.966
202012 7.087 109.897 8.498
202103 7.000 111.754 8.254
202106 6.849 114.631 7.873
202109 6.901 115.734 7.858
202112 7.738 117.630 8.669
202203 7.935 121.301 8.620
202206 8.114 125.017 8.553
202209 8.700 125.227 9.155
202212 8.134 125.222 8.560
202303 8.066 127.348 8.346
202306 8.107 128.729 8.299
202309 8.232 129.860 8.354
202312 8.497 129.419 8.652
202403 8.492 131.776 8.492

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.


Sunstone Hotel Investors  (STU:UF2) 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.


Sunstone Hotel Investors Cyclically Adjusted PB Ratio Related Terms

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


Sunstone Hotel Investors (STU:UF2) Business Description

Traded in Other Exchanges
Address
15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.

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