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Madison Pacific Properties (Madison Pacific Properties) Cyclically Adjusted PB Ratio : 0.92 (As of May. 23, 2024)


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What is Madison Pacific Properties Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Madison Pacific Properties's current share price is $4.95. Madison Pacific Properties's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $5.36. Madison Pacific Properties's Cyclically Adjusted PB Ratio for today is 0.92.

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

MDPCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.22   Max: 1.72
Current: 0.95

During the past years, Madison Pacific Properties's highest Cyclically Adjusted PB Ratio was 1.72. The lowest was 0.78. And the median was 1.22.

MDPCF's Cyclically Adjusted PB Ratio is ranked worse than
61.59% of 1333 companies
in the Real Estate industry
Industry Median: 0.71 vs MDPCF: 0.95

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.

Madison Pacific Properties's adjusted book value per share data for the three months ended in Feb. 2024 was $5.187. 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 $5.36 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Madison Pacific Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Madison 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.

* Premium members only.

Madison Pacific Properties Cyclically Adjusted PB Ratio Chart

Madison Pacific Properties Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.83 1.28 1.23 1.02

Madison Pacific Properties Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.23 0.97 1.02 0.94 0.92

Competitive Comparison of Madison Pacific Properties's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Madison 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.


Madison Pacific Properties's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Madison Pacific Properties 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.

Madison Pacific Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.95/5.36
=0.92

* 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.

Madison Pacific Properties's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Madison Pacific Properties's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=5.187/125.4675*125.4675
=5.187

Current CPI (Feb. 2024) = 125.4675.

Madison Pacific Properties Quarterly Data

Book Value per Share CPI Adj_Book
201405 2.817 99.394 3.556
201408 2.818 99.315 3.560
201411 2.793 99.078 3.537
201502 2.556 99.078 3.237
201505 0.000 100.263 0.000
201508 2.630 100.579 3.281
201511 2.691 100.421 3.362
201602 2.632 100.421 3.288
201605 3.006 101.765 3.706
201608 3.280 101.686 4.047
201611 3.060 101.607 3.779
201702 3.282 102.476 4.018
201705 3.315 103.108 4.034
201708 3.746 103.108 4.558
201711 3.828 103.740 4.630
201802 4.047 104.688 4.850
201805 4.052 105.399 4.824
201808 4.090 106.031 4.840
201811 4.104 105.478 4.882
201902 4.214 106.268 4.975
201905 4.222 107.927 4.908
201908 4.387 108.085 5.093
201911 4.497 107.769 5.236
202002 4.530 108.559 5.236
202005 4.438 107.532 5.178
202008 4.709 108.243 5.458
202011 4.811 108.796 5.548
202102 5.116 109.745 5.849
202105 5.279 111.404 5.945
202108 5.258 112.668 5.855
202111 5.380 113.932 5.925
202202 5.418 115.986 5.861
202205 5.569 120.016 5.822
202208 5.863 120.569 6.101
202211 5.708 121.675 5.886
202302 5.870 122.070 6.033
202305 5.880 124.045 5.947
202308 5.773 125.389 5.777
202311 4.972 125.468 4.972
202402 5.187 125.468 5.187

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.


Madison Pacific Properties  (OTCPK:MDPCF) 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.


Madison Pacific Properties Cyclically Adjusted PB Ratio Related Terms

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


Madison Pacific Properties (Madison Pacific Properties) Business Description

Traded in Other Exchanges
Address
389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.