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Brandywine Realty Trust (FRA:B2X) Cyclically Adjusted PB Ratio : 0.38 (As of Jun. 10, 2024)


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What is Brandywine Realty Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Brandywine Realty Trust's current share price is €4.20. Brandywine Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.17. Brandywine Realty Trust's Cyclically Adjusted PB Ratio for today is 0.38.

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

FRA:B2X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.91   Max: 1.27
Current: 0.37

During the past years, Brandywine Realty Trust's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.29. And the median was 0.91.

FRA:B2X's Cyclically Adjusted PB Ratio is ranked better than
79.8% of 495 companies
in the REITs industry
Industry Median: 0.76 vs FRA:B2X: 0.37

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.

Brandywine Realty Trust's adjusted book value per share data for the three months ended in Mar. 2024 was €6.865. 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 €11.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brandywine Realty Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brandywine Realty 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.

Brandywine Realty Trust Cyclically Adjusted PB Ratio Chart

Brandywine Realty 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 1.24 0.98 1.08 0.49 0.44

Brandywine Realty 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 0.37 0.37 0.36 0.44 0.39

Competitive Comparison of Brandywine Realty Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Brandywine Realty 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.


Brandywine Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Brandywine Realty 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.

Brandywine Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.20/11.17
=0.38

* 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.

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

For example, Brandywine Realty 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)
=6.865/131.7762*131.7762
=6.865

Current CPI (Mar. 2024) = 131.7762.

Brandywine Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.667 100.560 11.357
201409 9.403 100.428 12.338
201412 9.683 99.070 12.880
201503 10.942 99.621 14.474
201506 10.384 100.684 13.591
201509 10.305 100.392 13.527
201512 10.163 99.792 13.420
201603 9.992 100.470 13.105
201606 9.720 101.688 12.596
201609 9.637 101.861 12.467
201612 10.102 101.863 13.069
201703 9.939 102.862 12.733
201706 8.834 103.349 11.264
201709 8.289 104.136 10.489
201712 8.670 104.011 10.984
201803 8.407 105.290 10.522
201806 8.787 106.317 10.891
201809 8.445 106.507 10.449
201812 8.940 105.998 11.114
201903 8.897 107.251 10.932
201906 8.628 108.070 10.521
201909 8.713 108.329 10.599
201912 8.557 108.420 10.400
202003 8.435 108.902 10.207
202006 8.125 108.767 9.844
202009 8.985 109.815 10.782
202012 8.646 109.897 10.367
202103 8.721 111.754 10.283
202106 8.452 114.631 9.716
202109 8.516 115.734 9.696
202112 8.741 117.630 9.792
202203 8.837 121.301 9.600
202206 9.063 125.017 9.553
202209 9.579 125.227 10.080
202212 8.944 125.222 9.412
202303 8.624 127.348 8.924
202306 8.309 128.729 8.506
202309 8.205 129.860 8.326
202312 7.019 129.419 7.147
202403 6.865 131.776 6.865

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.


Brandywine Realty Trust  (FRA:B2X) 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.


Brandywine Realty Trust Cyclically Adjusted PB Ratio Related Terms

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


Brandywine Realty Trust (FRA:B2X) Business Description

Industry
Traded in Other Exchanges
Address
2929 Arch Street, Suite 1800, Philadelphia, PA, USA, 19104
Brandywine Realty Trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. The company owned and managed properties within five segments. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C. and Southern Maryland. The Other segment includes properties in Camden County, New Jersey and New Castle County, Delaware.

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