GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GAG Immobilien AG (HAM:GWK3) » Definitions » Cyclically Adjusted PB Ratio

GAG Immobilien AG (HAM:GWK3) Cyclically Adjusted PB Ratio : 1.11 (As of Jun. 08, 2024)


View and export this data going back to . Start your Free Trial

What is GAG Immobilien AG Cyclically Adjusted PB Ratio?

As of today (2024-06-08), GAG Immobilien AG's current share price is €55.50. GAG Immobilien AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €49.92. GAG Immobilien AG's Cyclically Adjusted PB Ratio for today is 1.11.

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

HAM:GWK3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 2.23   Max: 3.99
Current: 1.11

During the past 13 years, GAG Immobilien AG's highest Cyclically Adjusted PB Ratio was 3.99. The lowest was 1.10. And the median was 2.23.

HAM:GWK3's Cyclically Adjusted PB Ratio is ranked worse than
66.59% of 1389 companies
in the Real Estate industry
Industry Median: 0.71 vs HAM:GWK3: 1.11

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.

GAG Immobilien AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was €51.441. 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 €49.92 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


GAG Immobilien AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GAG Immobilien AG'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.

GAG Immobilien AG Cyclically Adjusted PB Ratio Chart

GAG Immobilien AG 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 2.29 2.79 3.40 1.71 1.20

GAG Immobilien AG Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.29 2.79 3.40 1.71 1.20

Competitive Comparison of GAG Immobilien AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, GAG Immobilien AG'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.


GAG Immobilien AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, GAG Immobilien AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GAG Immobilien AG 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.

GAG Immobilien AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.50/49.92
=1.11

* 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.

GAG Immobilien AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, GAG Immobilien AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=51.441/123.7729*123.7729
=51.441

Current CPI (Dec23) = 123.7729.

GAG Immobilien AG Annual Data

Book Value per Share CPI Adj_Book
201412 33.906 99.543 42.159
201512 35.253 99.717 43.758
201612 38.622 101.217 47.229
201712 40.452 102.617 48.792
201812 42.433 104.217 50.395
201912 44.942 105.818 52.568
202012 47.529 105.518 55.752
202112 49.343 110.384 55.328
202212 49.933 119.345 51.786
202312 51.441 123.773 51.441

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.


GAG Immobilien AG  (HAM:GWK3) 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.


GAG Immobilien AG Cyclically Adjusted PB Ratio Related Terms

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


GAG Immobilien AG (HAM:GWK3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Josef-Lammerting-Allee 20-22, Cologne, DEU, 50933
GAG Immobilien AG is a Germany based provider of real-estate services and consultation in the city of Cologne. The company operates as a landlord, and is focused on the business of Leasing, Selling and Managing properties. In the leasing business, the company focuses on leasing the properties it owns. The organization apart from being involved in the provision of leasing services, also sells homes, condominiums, flats and buildings. In the Managing business, the entity undertakes the management and administration of third-party apartments for their owners or owner associations.

GAG Immobilien AG (HAM:GWK3) Headlines

No Headlines