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Starwood Property Trust (FRA:VSP) Cyclically Adjusted PB Ratio : 0.91 (As of Jun. 06, 2024)


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What is Starwood Property Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Starwood Property Trust's current share price is €17.735. Starwood Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €19.44. Starwood Property Trust's Cyclically Adjusted PB Ratio for today is 0.91.

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

FRA:VSP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1   Max: 1.39
Current: 0.92

During the past years, Starwood Property Trust's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.47. And the median was 1.00.

FRA:VSP's Cyclically Adjusted PB Ratio is ranked worse than
57.98% of 495 companies
in the REITs industry
Industry Median: 0.77 vs FRA:VSP: 0.92

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.

Starwood Property Trust's adjusted book value per share data for the three months ended in Mar. 2024 was €18.265. 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 €19.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starwood Property Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Starwood 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.

Starwood Property Trust Cyclically Adjusted PB Ratio Chart

Starwood 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 1.27 1.00 1.22 0.88 1.01

Starwood 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 0.84 0.92 0.92 1.01 0.96

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

For the REIT - Mortgage subindustry, Starwood 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.


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

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

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



Starwood 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.735/19.44
=0.91

* 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.

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

For example, Starwood 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)
=18.265/131.7762*131.7762
=18.265

Current CPI (Mar. 2024) = 131.7762.

Starwood Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.569 100.560 16.471
201409 13.431 100.428 17.623
201412 14.007 99.070 18.631
201503 15.889 99.621 21.018
201506 15.662 100.684 20.499
201509 15.637 100.392 20.525
201512 16.004 99.792 21.133
201603 15.323 100.470 20.098
201606 15.181 101.688 19.673
201609 15.208 101.861 19.674
201612 16.534 101.863 21.389
201703 16.174 102.862 20.720
201706 15.430 103.349 19.674
201709 14.466 104.136 18.306
201712 14.478 104.011 18.343
201803 13.803 105.290 17.275
201806 14.502 106.317 17.975
201809 14.448 106.507 17.876
201812 14.679 105.998 18.249
201903 14.590 107.251 17.926
201906 14.592 108.070 17.793
201909 14.992 108.329 18.237
201912 14.991 108.420 18.220
202003 14.262 108.902 17.258
202006 14.023 108.767 16.989
202009 13.462 109.815 16.154
202012 12.963 109.897 15.544
202103 13.110 111.754 15.459
202106 12.912 114.631 14.843
202109 13.216 115.734 15.048
202112 17.631 117.630 19.751
202203 18.578 121.301 20.182
202206 19.562 125.017 20.620
202209 21.032 125.227 22.132
202212 19.636 125.222 20.664
202303 19.092 127.348 19.756
202306 18.930 128.729 19.378
202309 18.910 129.860 19.189
202312 18.293 129.419 18.626
202403 18.265 131.776 18.265

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.


Starwood Property Trust  (FRA:VSP) 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.


Starwood Property Trust Cyclically Adjusted PB Ratio Related Terms

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


Starwood Property Trust (FRA:VSP) Business Description

Traded in Other Exchanges
Address
591 West Putnam Avenue, Greenwich, CT, USA, 06830
Starwood Property Trust Inc is an American real estate investment trust principally engaged in originating, acquiring, and managing commercial mortgage loans and commercial mortgage-backed securities in the U.S. and Europe. The company organizes its activities into Commercial and Residential Lending Segment, Infrastructure Lending Segment, Property Segment and Investing and Servicing Segment. The former acquires and finances first mortgages or mortgages with primary lien positions. The collateral for these mortgages is mainly office and hospitality properties in the American West and Northeast. Starwood's Investing and Servicing unit primarily generates revenue from the acquisition and sale of commercial mortgage-backed securities.

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