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Manufactured Housing Properties (Manufactured Housing Properties) Cyclically Adjusted PB Ratio : 0.08 (As of May. 24, 2024)


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What is Manufactured Housing Properties Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Manufactured Housing Properties's current share price is $0.895. Manufactured Housing Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $11.25. Manufactured Housing Properties's Cyclically Adjusted PB Ratio for today is 0.08.

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

MHPC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 0.33
Current: 0.08

During the past years, Manufactured Housing Properties's highest Cyclically Adjusted PB Ratio was 0.33. The lowest was 0.01. And the median was 0.08.

MHPC's Cyclically Adjusted PB Ratio is ranked better than
92.66% of 1335 companies
in the Real Estate industry
Industry Median: 0.71 vs MHPC: 0.08

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.

Manufactured Housing Properties's adjusted book value per share data for the three months ended in Sep. 2023 was $-2.024. 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 $11.25 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manufactured Housing Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Manufactured Housing 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.

Manufactured Housing Properties Cyclically Adjusted PB Ratio Chart

Manufactured Housing Properties Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.11 0.17 0.19 0.07

Manufactured Housing Properties Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.10 0.07 0.07 0.08 0.09

Competitive Comparison of Manufactured Housing Properties's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Manufactured Housing 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.


Manufactured Housing Properties's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Manufactured Housing 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.

Manufactured Housing Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.895/11.25
=0.08

* 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.

Manufactured Housing Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Manufactured Housing Properties's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-2.024/129.8595*129.8595
=-2.024

Current CPI (Sep. 2023) = 129.8595.

Manufactured Housing Properties Quarterly Data

Book Value per Share CPI Adj_Book
201203 51.830 96.783 69.543
201206 53.231 96.819 71.396
201209 49.322 97.633 65.602
201212 41.595 96.871 55.760
201303 39.516 98.209 52.251
201306 33.936 98.518 44.732
201309 32.784 98.790 43.095
201312 34.207 98.326 45.177
201403 1.313 99.695 1.710
201406 1.565 100.560 2.021
201409 1.596 100.428 2.064
201412 1.045 99.070 1.370
201503 -0.164 99.621 -0.214
201506 -0.338 100.684 -0.436
201509 -0.139 100.392 -0.180
201703 0.000 102.862 0.000
201712 -0.017 104.011 -0.021
201803 -0.041 105.290 -0.051
201806 -0.068 106.317 -0.083
201809 -0.097 106.507 -0.118
201812 -0.120 105.998 -0.147
201903 -0.038 107.251 -0.046
201906 -0.115 108.070 -0.138
201909 -0.143 108.329 -0.171
201912 -0.240 108.420 -0.287
202003 -0.303 108.902 -0.361
202006 -0.359 108.767 -0.429
202009 -0.398 109.815 -0.471
202012 -0.363 109.897 -0.429
202103 -0.509 111.754 -0.591
202106 -0.565 114.631 -0.640
202109 -0.575 115.734 -0.645
202112 -0.622 117.630 -0.687
202203 -0.713 121.301 -0.763
202206 -0.842 125.017 -0.875
202209 -1.283 125.227 -1.330
202212 -1.427 125.222 -1.480
202303 -1.616 127.348 -1.648
202306 -1.813 128.729 -1.829
202309 -2.024 129.860 -2.024

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.


Manufactured Housing Properties  (OTCPK:MHPC) 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.


Manufactured Housing Properties Cyclically Adjusted PB Ratio Related Terms

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


Manufactured Housing Properties (Manufactured Housing Properties) Business Description

Traded in Other Exchanges
N/A
Address
136 Main Street, Pineville, NC, USA, 28134
Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.
Executives
Vira Turchinyak officer: Chief Financial Officer C/O MANUFACTURED HOUSING PROPERTIES, INC, 136 MAIN STREET, PINEVILLE NC 28134
Julia Pererva officer: Chief Operating Officer 136 MAIN STREET, PINEVILLE NC 28134
Wardlaw John Waller Iii director, officer: President C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
James Lambert Johnson director C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Chelsea Howlett Gee officer: Vice President of Finance C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Richard M Gee director C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Robert Joseph Jackson 10 percent owner 743 JETTON STREET, DAVIDSON NC 28036
Metrolina Loan Holdings, Llc 10 percent owner C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Andrew Coatley officer: Chief Operating Officer C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Terry Robertson director C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Gvest Real Estate Capital Llc 10 percent owner C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
William Henry Carter director C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Adam A Martin officer: Chief Investment Officer C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Raymond M Gee director, 10 percent owner, officer: Chairman and CEO C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Michael Z Anise director, officer: Chief Financial Officer C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134

Manufactured Housing Properties (Manufactured Housing Properties) Headlines

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