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Brookfield (FRA:K7X) Cyclically Adjusted PB Ratio : 2.02 (As of Jun. 02, 2024)


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What is Brookfield Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Brookfield's current share price is €39.50. Brookfield's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €19.51. Brookfield's Cyclically Adjusted PB Ratio for today is 2.02.

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

FRA:K7X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.05   Max: 2.87
Current: 2.05

During the past years, Brookfield's highest Cyclically Adjusted PB Ratio was 2.87. The lowest was 1.46. And the median was 2.05.

FRA:K7X's Cyclically Adjusted PB Ratio is ranked worse than
86.36% of 946 companies
in the Asset Management industry
Industry Median: 0.795 vs FRA:K7X: 2.05

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.

Brookfield's adjusted book value per share data for the three months ended in Mar. 2024 was €24.613. 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 €19.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brookfield Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brookfield'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.

Brookfield Cyclically Adjusted PB Ratio Chart

Brookfield 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 2.24 2.16 2.78 1.67 1.88

Brookfield 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 1.67 1.65 1.53 1.88 1.96

Competitive Comparison of Brookfield's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Brookfield'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.


Brookfield's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Brookfield 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.

Brookfield's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.50/19.51
=2.02

* 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.

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

For example, Brookfield'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)
=24.613/126.2576*126.2576
=24.613

Current CPI (Mar. 2024) = 126.2576.

Brookfield Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.859 99.473 12.514
201409 10.298 99.394 13.081
201412 11.739 98.367 15.067
201503 12.917 99.789 16.343
201506 13.278 100.500 16.681
201509 12.602 100.421 15.844
201512 13.362 99.947 16.879
201603 13.665 101.054 17.073
201606 13.384 102.002 16.567
201609 13.891 101.765 17.234
201612 14.412 101.449 17.936
201703 14.638 102.634 18.007
201706 13.819 103.029 16.935
201709 13.389 103.345 16.358
201712 14.132 103.345 17.265
201803 13.330 105.004 16.028
201806 14.531 105.557 17.381
201809 13.520 105.636 16.159
201812 15.735 105.399 18.849
201903 16.299 106.979 19.236
201906 16.455 107.690 19.292
201909 17.685 107.611 20.749
201912 18.407 107.769 21.565
202003 17.145 107.927 20.057
202006 16.405 108.401 19.107
202009 16.283 108.164 19.007
202012 17.245 108.559 20.056
202103 18.331 110.298 20.983
202106 18.382 111.720 20.774
202109 21.037 112.905 23.525
202112 22.770 113.774 25.268
202203 25.143 117.646 26.984
202206 25.227 120.806 26.365
202209 25.900 120.648 27.104
202212 23.723 120.964 24.761
202303 23.858 122.702 24.549
202306 23.902 124.203 24.297
202309 24.268 125.230 24.467
202312 25.084 125.072 25.322
202403 24.613 126.258 24.613

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.


Brookfield  (FRA:K7X) 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.


Brookfield Cyclically Adjusted PB Ratio Related Terms

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


Brookfield (FRA:K7X) Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.

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