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Cousins Properties (Cousins Properties) Cyclically Adjusted PB Ratio : 0.66 (As of Apr. 27, 2024)


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What is Cousins Properties Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Cousins Properties's current share price is $22.86. Cousins Properties's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $34.81. Cousins Properties's Cyclically Adjusted PB Ratio for today is 0.66.

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

CUZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.1   Max: 1.53
Current: 0.66

During the past years, Cousins Properties's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.51. And the median was 1.10.

CUZ's Cyclically Adjusted PB Ratio is ranked better than
57.29% of 494 companies
in the REITs industry
Industry Median: 0.775 vs CUZ: 0.66

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.

Cousins Properties's adjusted book value per share data for the three months ended in Dec. 2023 was $29.804. 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 $34.81 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cousins Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cousins 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.

Cousins Properties Cyclically Adjusted PB Ratio Chart

Cousins Properties 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 1.48 1.18 1.30 0.75 0.70

Cousins Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.75 0.62 0.65 0.58 0.70

Competitive Comparison of Cousins Properties's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Cousins 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.


Cousins Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Cousins 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.86/34.81
=0.66

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=29.804/129.4194*129.4194
=29.804

Current CPI (Dec. 2023) = 129.4194.

Cousins Properties Quarterly Data

Book Value per Share CPI Adj_Book
201403 29.267 99.695 37.993
201406 29.008 100.560 37.333
201409 30.780 100.428 39.666
201412 30.917 99.070 40.388
201503 30.709 99.621 39.895
201506 30.546 100.684 39.264
201509 31.166 100.392 40.178
201512 31.836 99.792 41.288
201603 31.898 100.470 41.089
201606 31.739 101.688 40.395
201609 31.649 101.861 40.212
201612 24.897 101.863 31.632
201703 25.006 102.862 31.462
201706 26.395 103.349 33.053
201709 26.270 104.136 32.648
201712 26.333 104.011 32.766
201803 26.422 105.290 32.477
201806 26.363 106.317 32.092
201809 26.294 106.507 31.951
201812 26.301 105.998 32.113
201903 26.283 107.251 31.716
201906 29.326 108.070 35.120
201909 29.179 108.329 34.860
201912 29.691 108.420 35.442
202003 30.529 108.902 36.281
202006 30.392 108.767 36.163
202009 30.289 109.815 35.696
202012 30.069 109.897 35.411
202103 29.942 111.754 34.675
202106 29.833 114.631 33.682
202109 29.895 115.734 33.430
202112 30.714 117.630 33.792
202203 30.570 121.301 32.616
202206 30.455 125.017 31.528
202209 30.676 125.227 31.703
202212 30.541 125.222 31.565
202303 30.318 127.348 30.811
202306 30.185 128.729 30.347
202309 30.010 129.860 29.908
202312 29.804 129.419 29.804

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.


Cousins Properties  (NYSE:CUZ) 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.


Cousins Properties Cyclically Adjusted PB Ratio Related Terms

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


Cousins Properties (Cousins Properties) Business Description

Industry
Traded in Other Exchanges
Address
3344 Peachtree Road NE, Suite 1800, Atlanta, GA, USA, 30326-4802
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.
Executives
Pamela F Roper officer: Senior Vice President 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Scott W Fordham director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Dionne Nelson director 3344 PEACHTREE ROAD, NE, SUITE 1800, ATLANTA GA 30326
Jane Kennedy Hicks officer: Executive VP, Investments 1820 PEACHTREE RD NW, #502, ATLANTA GA 30309
Hickson Richard G Iv officer: Executive Vice President 3344 PEACHTREE ROAD NE SUITE 1800, ATLANTA GA 30326
Jeffrey D Symes officer: SVP, Chief Accounting Officer 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Griffin R Kent Jr director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Gellerstedt Lawrence L Iii officer: President-Office/Multi-Fam Div 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
John S Mccoll officer: Senior Vice President 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Edward Manuel Casal director 3344 PEACHTREE ROAD NE, STE 1800, ATLANTA GA 30326
S Taylor Glover director 3344 PEACHTREE ROAD NE STE 1800, ATLANTA 2Q 30326
Lillian C Giornelli director 3344 PEACHTREE ROAD STE 1800, ATLANTA GA 30326
Kelvin L. Davis director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Brenda J Mixson director P.O.BOX 697, ST. HELENA CA 94574
Charles T Cannada director 3344 PEACHTREE ROAD STE 1800, ATLANTA GA 30326