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Medical Properties Trust (Medical Properties Trust) Cyclically Adjusted PB Ratio : 0.33 (As of Apr. 28, 2024)


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What is Medical Properties Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Medical Properties Trust's current share price is $4.51. Medical Properties Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $13.72. Medical Properties Trust's Cyclically Adjusted PB Ratio for today is 0.33.

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

MPW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.47   Max: 2.41
Current: 0.33

During the past years, Medical Properties Trust's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.22. And the median was 1.47.

MPW's Cyclically Adjusted PB Ratio is ranked better than
82.79% of 494 companies
in the REITs industry
Industry Median: 0.775 vs MPW: 0.33

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.

Medical Properties Trust's adjusted book value per share data for the three months ended in Dec. 2023 was $12.741. 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 $13.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medical Properties Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Medical Properties Trust'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.

Medical Properties Trust Cyclically Adjusted PB Ratio Chart

Medical Properties Trust 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 2.10 2.07 2.01 0.86 0.36

Medical Properties Trust 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 0.86 0.62 0.68 0.40 0.36

Competitive Comparison of Medical Properties Trust's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Medical Properties Trust'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.


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

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

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



Medical Properties Trust 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.51/13.72
=0.33

* 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.

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

For example, Medical Properties Trust'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)
=12.741/129.4194*129.4194
=12.741

Current CPI (Dec. 2023) = 129.4194.

Medical Properties Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.407 99.695 10.914
201406 8.236 100.560 10.600
201409 8.199 100.428 10.566
201412 8.001 99.070 10.452
201503 8.644 99.621 11.230
201506 8.642 100.684 11.108
201509 8.906 100.392 11.481
201512 8.880 99.792 11.516
201603 8.983 100.470 11.571
201606 8.997 101.688 11.451
201609 10.204 101.861 12.965
201612 10.135 101.863 12.877
201703 10.121 102.862 12.734
201706 10.487 103.349 13.132
201709 10.510 104.136 13.062
201712 10.484 104.011 13.045
201803 10.526 105.290 12.938
201806 10.504 106.317 12.787
201809 12.258 106.507 14.895
201812 12.268 105.998 14.979
201903 12.446 107.251 15.019
201906 12.449 108.070 14.908
201909 12.992 108.329 15.521
201912 13.580 108.420 16.210
202003 13.365 108.902 15.883
202006 13.369 108.767 15.907
202009 13.458 109.815 15.861
202012 13.554 109.897 15.962
202103 13.917 111.754 16.117
202106 13.943 114.631 15.742
202109 14.012 115.734 15.669
202112 14.142 117.630 15.559
202203 14.889 121.301 15.885
202206 14.795 125.017 15.316
202209 14.745 125.227 15.239
202212 14.382 125.222 14.864
202303 14.109 127.348 14.339
202306 13.895 128.729 13.970
202309 13.843 129.860 13.796
202312 12.741 129.419 12.741

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.


Medical Properties Trust  (NYSE:MPW) 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.


Medical Properties Trust Cyclically Adjusted PB Ratio Related Terms

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


Medical Properties Trust (Medical Properties Trust) Business Description

Traded in Other Exchanges
Address
1000 Urban Center Drive, Suite 501, Birmingham, AL, USA, 35242
Medical Properties Trust Inc is a healthcare facility REIT. The company operates one segment, which owns and leases healthcare facilities. The vast majority of Medical's revenue is generated in the United States, followed by Germany and the United Kingdom. The company considers merger and acquisition investment as a component of its operational growth strategy. It provides financing for a variety of facilities that require funds for acquisitions, sale-leasebacks, new developments, and expansion projects.
Executives
Aldag Edward K Jr director, officer: Chairman, President & CEO 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
R Steven Hamner director, officer: Executive Vice President & CFO
Larry H Portal officer: SVP, Senior Advisor to the CEO 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Rosa Handley Hooper officer: SVP of Operations & Asst. Sec. 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
James Kevin Hanna officer: Senior VP, Controller & CAO 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Michael G Stewart officer: Exec. VP, Gen Counsel, Sec 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Emily Webster Murphy director 601 N FAIRFAX ST, ALEXANDRIA VA 22314
Emmett E Mclean officer: EVP, Secretary, and COO 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Caterina Ardon Mozingo director PO BOX 33, MONTGOMERY AL 36101-0033
G Steven Dawson director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Elizabeth N Pitman director 1901 SIXTH AVE NORTH, SUITE 1400, BIRMINGHAM AL 35203
William G Mckenzie director, officer: Vice Chairman of the Board 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Thompson C Reynolds Iii director 227 WEST TRADE STREET, SUITE 900, CHARLOTTE NC 28202
Sherry A Kellett director
Daniel Paul Sparks director 1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242

Medical Properties Trust (Medical Properties Trust) Headlines

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