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Camden Property Trust (BSP:C2PT34) Cyclically Adjusted PB Ratio : 2.43 (As of Jun. 10, 2024)


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What is Camden Property Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Camden Property Trust's current share price is R$34.44. Camden Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$14.20. Camden Property Trust's Cyclically Adjusted PB Ratio for today is 2.43.

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

BSP:C2PT34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 2.91   Max: 4.88
Current: 2.45

During the past years, Camden Property Trust's highest Cyclically Adjusted PB Ratio was 4.88. The lowest was 1.97. And the median was 2.91.

BSP:C2PT34's Cyclically Adjusted PB Ratio is ranked worse than
89.09% of 495 companies
in the REITs industry
Industry Median: 0.76 vs BSP:C2PT34: 2.45

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.

Camden Property Trust's adjusted book value per share data for the three months ended in Mar. 2024 was R$15.115. 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 R$14.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camden Property Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Camden Property 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.

Camden Property Trust Cyclically Adjusted PB Ratio Chart

Camden Property 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 3.38 3.03 4.88 2.78 2.33

Camden Property 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 2.54 2.60 2.22 2.33 2.26

Competitive Comparison of Camden Property Trust's Cyclically Adjusted PB Ratio

For the REIT - Residential subindustry, Camden Property 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.


Camden Property Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Camden Property 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.

Camden Property Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.44/14.2
=2.43

* 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.

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

For example, Camden Property 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)
=15.115/131.7762*131.7762
=15.115

Current CPI (Mar. 2024) = 131.7762.

Camden Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.198 100.560 5.501
201409 4.414 100.428 5.792
201412 5.230 99.070 6.957
201503 6.326 99.621 8.368
201506 6.223 100.684 8.145
201509 7.751 100.392 10.174
201512 7.717 99.792 10.190
201603 7.314 100.470 9.593
201606 7.665 101.688 9.933
201609 6.936 101.861 8.973
201612 7.103 101.863 9.189
201703 6.574 102.862 8.422
201706 6.878 103.349 8.770
201709 7.836 104.136 9.916
201712 8.294 104.011 10.508
201803 8.190 105.290 10.250
201806 9.075 106.317 11.248
201809 9.787 106.507 12.109
201812 9.388 105.998 11.671
201903 9.723 107.251 11.946
201906 9.649 108.070 11.766
201909 10.222 108.329 12.434
201912 10.266 108.420 12.478
202003 11.825 108.902 14.309
202006 12.341 108.767 14.952
202009 12.685 109.815 15.222
202012 12.191 109.897 14.618
202103 12.872 111.754 15.178
202106 12.452 114.631 14.314
202109 13.458 115.734 15.323
202112 15.395 117.630 17.246
202203 13.298 121.301 14.446
202206 16.218 125.017 17.095
202209 16.619 125.227 17.488
202212 16.455 125.222 17.316
202303 16.120 127.348 16.681
202306 14.984 128.729 15.339
202309 15.071 129.860 15.293
202312 15.310 129.419 15.589
202403 15.115 131.776 15.115

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.


Camden Property Trust  (BSP:C2PT34) 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.


Camden Property Trust Cyclically Adjusted PB Ratio Related Terms

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


Camden Property Trust (BSP:C2PT34) Business Description

Industry
Traded in Other Exchanges
Address
11 Greenway Plaza, Suite 2400, Houston, TX, USA, 77046
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.

Camden Property Trust (BSP:C2PT34) Headlines

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