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Uniti Group (Uniti Group) Cyclically Adjusted PB Ratio : (As of May. 15, 2024)


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What is Uniti Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Uniti Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Uniti Group'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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Uniti Group Cyclically Adjusted PB Ratio Chart

Uniti Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Uniti Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Uniti Group's Cyclically Adjusted PB Ratio

For the REIT - Specialty subindustry, Uniti Group'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.


Uniti Group's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Uniti Group 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.

Uniti Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Uniti Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-10.511/129.4194*129.4194
=-10.511

Current CPI (Dec23) = 129.4194.

Uniti Group Annual Data

Book Value per Share CPI Adj_Book
201412 0.058 99.070 0.076
201512 -7.787 99.792 -10.099
201612 -9.039 101.863 -11.484
201712 -7.484 104.011 -9.312
201812 -8.783 105.998 -10.724
201912 -8.155 108.420 -9.734
202012 -9.261 109.897 -10.906
202112 -9.063 117.630 -9.971
202212 -9.641 125.222 -9.964
202312 -10.511 129.419 -10.511

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.


Uniti Group  (NAS:UNIT) 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.


Uniti Group Cyclically Adjusted PB Ratio Related Terms

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


Uniti Group (Uniti Group) Business Description

Industry
Traded in Other Exchanges
Address
2101 Riverfront Drive, Suite A, Little Rock, AR, USA, 72202
Uniti is a REIT with about 135,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.
Executives
Kenny Gunderman director, officer: See Remarks C/O AMERICA'S CAR-MART, INC., 802 SE PLAZA AVE, SUITE 200, BENTONVILLE AR 72712
Michael Friloux officer: EVP - Chief Technology Officer 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Paul Bullington officer: Interim CFO and PFO 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Travis Black officer: Interim PAO 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Carmen Perez-carlton director 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
David L Solomon director 5847 SAN FELIPE SUITE 320, HOUSTON TX 77057
Blake Schuhmacher officer: Principal Accounting Officer 10802 EXECUTIVE CENTER DRIVE, BENTON BUILDING, SUITE 300, LITTLE ROCK AR 72211
Daniel L Heard officer: See Remarks 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Ronald J. Mudry officer: EVP-Pres of Fiber Operations 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Andrew Frey director 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Scott G. Bruce director 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Windstream Holdings, Inc. 10 percent owner 4001 RODNEY PARHAM RD., LITTLE ROCK AR 72212
Windstream Services, Llc 10 percent owner 4001 RODNEY PARHAM ROAD, LITTLE ROCK AR 72212
Jennifer S Banner director 214N TRYON STREET, CHARLOTTE NC 28202
Francis X Frantz director ONE ALLIED DRIVE, LITTLE ROCK AR 72202