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As of today (2024-05-20), Hudson Pacific Properties's current share price is $5.36. Hudson Pacific Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $25.16. Hudson Pacific Properties's Cyclically Adjusted PB Ratio for today is 0.21.
The historical rank and industry rank for Hudson Pacific Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Hudson Pacific Properties's highest Cyclically Adjusted PB Ratio was 1.97. The lowest was 0.17. And the median was 1.19.
HPP's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Hudson Pacific Properties's adjusted book value per share data for the three months ended in Mar. 2024 was $19.541. 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 $25.16 for the trailing ten years ended in Mar. 2024.
The historical data trend for Hudson Pacific Properties'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.
Hudson Pacific Properties 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 | 0.27 | 0.17 | 0.27 | 0.38 | 0.26 |
For the REIT - Office subindustry, Hudson Pacific Properties'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.
For the REITs industry and Real Estate sector, Hudson Pacific Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Hudson Pacific Properties's Cyclically Adjusted PB Ratio falls into.
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.
Hudson Pacific Properties's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 5.36 | / | 25.16 | |
= | 0.21 |
* 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.
Hudson Pacific Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Hudson Pacific Properties'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) |
= | 19.541 | / | 131.7762 | * | 131.7762 | |
= | 19.541 |
Current CPI (Mar. 2024) = 131.7762.
Hudson Pacific Properties Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 15.651 | 100.560 | 20.510 |
201409 | 15.676 | 100.428 | 20.569 |
201412 | 15.482 | 99.070 | 20.593 |
201503 | 17.906 | 99.621 | 23.686 |
201506 | 19.108 | 100.684 | 25.009 |
201509 | 18.857 | 100.392 | 24.752 |
201512 | 18.685 | 99.792 | 24.674 |
201603 | 18.397 | 100.470 | 24.129 |
201606 | 19.538 | 101.688 | 25.319 |
201609 | 21.369 | 101.861 | 27.645 |
201612 | 22.736 | 101.863 | 29.413 |
201703 | 23.866 | 102.862 | 30.575 |
201706 | 23.552 | 103.349 | 30.030 |
201709 | 23.482 | 104.136 | 29.715 |
201712 | 23.379 | 104.011 | 29.620 |
201803 | 23.516 | 105.290 | 29.432 |
201806 | 23.410 | 106.317 | 29.016 |
201809 | 23.304 | 106.507 | 28.833 |
201812 | 22.955 | 105.998 | 28.538 |
201903 | 22.383 | 107.251 | 27.501 |
201906 | 22.161 | 108.070 | 27.022 |
201909 | 22.284 | 108.329 | 27.107 |
201912 | 22.088 | 108.420 | 26.846 |
202003 | 21.745 | 108.902 | 26.313 |
202006 | 21.542 | 108.767 | 26.099 |
202009 | 21.176 | 109.815 | 25.411 |
202012 | 22.874 | 109.897 | 27.428 |
202103 | 22.684 | 111.754 | 26.748 |
202106 | 22.544 | 114.631 | 25.916 |
202109 | 22.235 | 115.734 | 25.317 |
202112 | 21.948 | 117.630 | 24.588 |
202203 | 21.197 | 121.301 | 23.028 |
202206 | 21.044 | 125.017 | 22.182 |
202209 | 20.719 | 125.227 | 21.803 |
202212 | 20.418 | 125.222 | 21.487 |
202303 | 20.075 | 127.348 | 20.773 |
202306 | 19.808 | 128.729 | 20.277 |
202309 | 19.540 | 129.860 | 19.828 |
202312 | 18.811 | 129.419 | 19.154 |
202403 | 19.541 | 131.776 | 19.541 |
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.
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.
Thank you for viewing the detailed overview of Hudson Pacific Properties's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Arthur X. Suazo | officer: EVP, Leasing | 11601 WILSHIRE BOULEVARD, 6TH FLOOR, LOS ANGELES CA 90025 |
Drew Gordon | officer: Chief Investment Officer | 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025 |
Harout Krikor Diramerian | officer: Chief Accounting Officer | C/O HUDSON PACIFIC PROPERTIES, INC., 11601 WILSHIRE BLVD. SUITE 1600, LOS ANGELES CA 90025 |
Barry A Sholem | director | 2121 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
Victor J Coleman | director, officer: Chief Executive Officer | HUDSON PACIFIC PROPERTIES INC., 11601 WILSHIRE BLVD SUITE 1600, LOS ANGELES CA 90025 |
Andy Wattula | officer: Chief Operating Officer | 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025 |
Mark T Lammas | officer: Chief Financial Officer | 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025 |
Mark David Linehan | director | 5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111 |
Harris Robert L Ii | director | C/O ACACIA RESEARCH CORP, 500 NEWPORT CENTER DRIVE, 7TH FLOOR, NEWPORT BEACH CA 92660 |
Jonathan M Glaser | director | 11601 WILSHIRE BLVD., SUITE 2180, LOS ANGELES CA 90025 |
Erinn Burnough | director | LANSDOWNE HOUSE, LANSDOWNE ROAD, FLAT 11, LONDON X0 W11 3LP |
Christopher James Barton | officer: EVP,Operations and Development | 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025 |
Richard B Fried | director, 10 percent owner, other: Member of Group Owning 10% | C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111 |
Barry Alan Porter | director | C/O CLARITY PARTNERS, 100 N. CRESCENT DR, SUITE 300, BEVERLY HILLS CA 90210 |
Karen Brodkin | director | 1136 GALLOWAY STREET, PACIFIC PALISADES CA 90272 |
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