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Global Net Lease (Global Net Lease) Cyclically Adjusted PB Ratio : 0.34 (As of May. 19, 2024)


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What is Global Net Lease Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Global Net Lease's current share price is $7.77. Global Net Lease's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $22.53. Global Net Lease's Cyclically Adjusted PB Ratio for today is 0.34.

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

GNL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.45   Max: 0.67
Current: 0.34

During the past years, Global Net Lease's highest Cyclically Adjusted PB Ratio was 0.67. The lowest was 0.30. And the median was 0.45.

GNL's Cyclically Adjusted PB Ratio is ranked better than
82.79% of 494 companies
in the REITs industry
Industry Median: 0.77 vs GNL: 0.34

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.

Global Net Lease's adjusted book value per share data for the three months ended in Mar. 2024 was $10.936. 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 $22.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Net Lease Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Global Net Lease'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.

Global Net Lease Cyclically Adjusted PB Ratio Chart

Global Net Lease 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 - - - 0.57 0.44

Global Net Lease 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 0.57 0.46 0.43 0.44 0.34

Competitive Comparison of Global Net Lease's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Global Net Lease'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.


Global Net Lease's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Global Net Lease's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Global Net Lease 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.

Global Net Lease's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.77/22.53
=0.34

* 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.

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

For example, Global Net Lease'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)
=10.936/131.7762*131.7762
=10.936

Current CPI (Mar. 2024) = 131.7762.

Global Net Lease Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.087 100.560 34.185
201409 25.600 100.428 33.591
201412 25.156 99.070 33.461
201503 25.221 99.621 33.362
201506 22.243 100.684 29.112
201509 21.698 100.392 28.481
201512 21.406 99.792 28.267
201603 20.844 100.470 27.339
201606 20.517 101.688 26.588
201609 20.154 101.861 26.073
201612 20.341 101.863 26.314
201703 19.972 102.862 25.586
201706 19.690 103.349 25.106
201709 20.797 104.136 26.317
201712 21.001 104.011 26.607
201803 20.722 105.290 25.935
201806 20.036 106.317 24.834
201809 19.480 106.507 24.102
201812 18.736 105.998 23.293
201903 18.276 107.251 22.455
201906 18.339 108.070 22.362
201909 18.057 108.329 21.965
201912 18.976 108.420 23.064
202003 18.278 108.902 22.117
202006 17.818 108.767 21.587
202009 17.435 109.815 20.922
202012 17.100 109.897 20.504
202103 16.993 111.754 20.037
202106 16.433 114.631 18.891
202109 16.021 115.734 18.242
202112 15.598 117.630 17.474
202203 15.273 121.301 16.592
202206 14.577 125.017 15.365
202209 14.132 125.227 14.871
202212 13.817 125.222 14.540
202303 13.387 127.348 13.853
202306 12.793 128.729 13.096
202309 12.094 129.860 12.273
202312 11.423 129.419 11.631
202403 10.936 131.776 10.936

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.


Global Net Lease  (NYSE:GNL) 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.


Global Net Lease Cyclically Adjusted PB Ratio Related Terms

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


Global Net Lease (Global Net Lease) Business Description

Industry
Address
650 Fifth Avenue, 30th Floor, New York, NY, USA, 10019
Global Net Lease Inc is a real estate investment trust that manages a globally diversified portfolio of commercial real estate properties. The company is engaged in the ownership, management, operating, lease, acquisition, investment, and sale of the portfolio assets. Its real estate assets span the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, France, and Finland. The portfolio assets include office, industrial and distribution, retail, and other, with office buildings representing more than half of the properties.
Executives
Nicholas S Schorsch 10 percent owner
Jesse Charles Galloway officer: See Remarks 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Ar Global Investments, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
Bellevue Capital Partners, Llc 10 percent owner 222 BELLEVUE AVENUE, NEWPORT RI 02840
Lisa Kabnick director 405 PARK AVENUE, NEW YORK NY 10022
Leslie D Michelson director PRIVATE HEALTH MANAGEMENT, 9200 SUNSET BLVD, SUITE 110, LOS ANGELES CA 90069
Stanley R Perla director C/O LEXINGTON CORPORATE PROPERTIES TRUST, 355 LEXINGOTN AVE 14TH FL, NEW YORK NY 10017
Christopher J. Masterson officer: CFO, Secretary and Treasurer 405 PARK AVE, NEW YORK NY 10022
James Larry Nelson director, officer: CEO and President 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Weil Edward M Jr. director C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Edward G Rendell director 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Abby M. Wenzel director C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022
Sue Perrotty Portia director 405 PARK AVENUE, NEW YORK NY 10022
Lee M Elman director 405 PARK AVENUE, NEW YORK NY 10022
M. Therese Antone director 650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019