GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Retail REIT (ASX:CQR) » Definitions » Cyclically Adjusted PB Ratio

Charter Hall Retail REIT (ASX:CQR) Cyclically Adjusted PB Ratio : 0.71 (As of May. 26, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Charter Hall Retail REIT Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Charter Hall Retail REIT's current share price is A$3.36. Charter Hall Retail REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was A$4.70. Charter Hall Retail REIT's Cyclically Adjusted PB Ratio for today is 0.71.

The historical rank and industry rank for Charter Hall Retail REIT's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASX:CQR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.84   Max: 1.23
Current: 0.71

During the past 13 years, Charter Hall Retail REIT's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.51. And the median was 0.84.

ASX:CQR's Cyclically Adjusted PB Ratio is ranked better than
53.35% of 493 companies
in the REITs industry
Industry Median: 0.76 vs ASX:CQR: 0.71

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.

Charter Hall Retail REIT's adjusted book value per share data of for the fiscal year that ended in Jun23 was A$4.729. 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 A$4.70 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charter Hall Retail REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Charter Hall Retail 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.

* Premium members only.

Charter Hall Retail REIT Cyclically Adjusted PB Ratio Chart

Charter Hall Retail REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 0.85 0.93 0.86 0.77

Charter Hall Retail 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 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 - 0.86 - 0.77 -

Competitive Comparison of Charter Hall Retail REIT's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Charter Hall Retail 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.


Charter Hall Retail REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Charter Hall Retail REIT's Cyclically Adjusted PB Ratio falls into.



Charter Hall Retail 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.

Charter Hall Retail REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.36/4.7
=0.71

* 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.

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

For example, Charter Hall Retail 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)
=4.729/124.1700*124.1700
=4.729

Current CPI (Jun23) = 124.1700.

Charter Hall Retail REIT Annual Data

Book Value per Share CPI Adj_Book
201406 3.401 98.352 4.294
201506 3.594 99.838 4.470
201606 3.790 100.859 4.666
201706 4.127 102.809 4.984
201806 4.215 104.945 4.987
201906 4.084 106.617 4.756
202006 3.752 106.246 4.385
202106 4.014 110.332 4.517
202206 4.911 117.112 5.207
202306 4.729 124.170 4.729

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.


Charter Hall Retail REIT  (ASX:CQR) 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.


Charter Hall Retail REIT Cyclically Adjusted PB Ratio Related Terms

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


Charter Hall Retail REIT (ASX:CQR) Business Description

Industry
Traded in Other Exchanges
Address
No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Retail Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighbourhood and subregional shopping centres, service stations, and some retail logistics properties. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 80% of supermarket tenants at or near thresholds for paying turnover-linked rent.

Charter Hall Retail REIT (ASX:CQR) Headlines

No Headlines