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Wereldhave Belgium (XBRU:WEHB) Cyclically Adjusted PB Ratio : 0.56 (As of May. 24, 2024)


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What is Wereldhave Belgium Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Wereldhave Belgium's current share price is €54.00. Wereldhave Belgium's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €97.08. Wereldhave Belgium's Cyclically Adjusted PB Ratio for today is 0.56.

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

XBRU:WEHB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.05   Max: 1.54
Current: 0.46

During the past 13 years, Wereldhave Belgium's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.42. And the median was 1.05.

XBRU:WEHB's Cyclically Adjusted PB Ratio is ranked better than
73.23% of 493 companies
in the REITs industry
Industry Median: 0.76 vs XBRU:WEHB: 0.46

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.

Wereldhave Belgium's adjusted book value per share data of for the fiscal year that ended in Dec23 was €78.066. 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 €97.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wereldhave Belgium Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wereldhave Belgium'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.

Wereldhave Belgium Cyclically Adjusted PB Ratio Chart

Wereldhave Belgium 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 1.00 0.46 0.55 0.50 0.50

Wereldhave Belgium Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 - 0.50 - 0.50

Competitive Comparison of Wereldhave Belgium's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Wereldhave Belgium'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.


Wereldhave Belgium's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Wereldhave Belgium's Cyclically Adjusted PB Ratio falls into.



Wereldhave Belgium 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.

Wereldhave Belgium's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.00/97.08
=0.56

* 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.

Wereldhave Belgium's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Wereldhave Belgium'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)
=78.066/128.2922*128.2922
=78.066

Current CPI (Dec23) = 128.2922.

Wereldhave Belgium Annual Data

Book Value per Share CPI Adj_Book
201412 77.128 99.086 99.862
201512 81.757 100.572 104.291
201612 86.408 102.614 108.031
201712 89.247 104.804 109.249
201812 89.974 107.252 107.625
201912 88.271 108.065 104.794
202012 78.197 108.511 92.452
202112 77.185 114.705 86.328
202212 78.994 126.578 80.064
202312 78.066 128.292 78.066

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.


Wereldhave Belgium  (XBRU:WEHB) 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.


Wereldhave Belgium Cyclically Adjusted PB Ratio Related Terms

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Wereldhave Belgium (XBRU:WEHB) Business Description

Industry
Traded in Other Exchanges
Address
Medialaan 30/6, Vilvoorde, BEL, 1800
Wereldhave Belgium is a publicly-regulated real estate company with a focus on commercial property and operating in Belgium. Wereldhave Belgium targets shopping centers as new investments. Its operational shopping center portfolio includes locations in Liege, Nivelles, Tournai, Ghent, Genk, Waterloo, and Kortrijk. The company also owns office properties in Brussels, Vilvoorde, and Antwerp. The company's strategy is to create value through both active management and redevelopment, with tactics that include maintaining contact with lessees to acquire up-to-date market information. Majority of its revenue is from rental income.

Wereldhave Belgium (XBRU:WEHB) Headlines

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