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Retail Opportunity Investments (Retail Opportunity Investments) Cyclically Adjusted PB Ratio : 1.01 (As of Apr. 27, 2024)


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What is Retail Opportunity Investments Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Retail Opportunity Investments's current share price is $12.25. Retail Opportunity Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.17. Retail Opportunity Investments's Cyclically Adjusted PB Ratio for today is 1.01.

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

ROIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.6   Max: 2.34
Current: 1.02

During the past years, Retail Opportunity Investments's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 0.65. And the median was 1.60.

ROIC's Cyclically Adjusted PB Ratio is ranked worse than
63.36% of 494 companies
in the REITs industry
Industry Median: 0.775 vs ROIC: 1.02

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.

Retail Opportunity Investments's adjusted book value per share data for the three months ended in Mar. 2024 was $10.031. 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 $12.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Retail Opportunity Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Retail Opportunity Investments'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.

Retail Opportunity Investments Cyclically Adjusted PB Ratio Chart

Retail Opportunity Investments 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 1.65 1.25 1.72 1.25 1.15

Retail Opportunity Investments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.15 1.10 1.01 1.15 1.05

Competitive Comparison of Retail Opportunity Investments's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Retail Opportunity Investments'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.


Retail Opportunity Investments's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Retail Opportunity Investments's Cyclically Adjusted PB Ratio falls into.



Retail Opportunity Investments 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.

Retail Opportunity Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.25/12.17
=1.01

* 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.

Retail Opportunity Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Retail Opportunity Investments's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=10.031/129.4194*129.4194
=10.031

Current CPI (Mar. 2024) = 129.4194.

Retail Opportunity Investments Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.995 100.560 12.863
201409 9.955 100.428 12.829
201412 9.933 99.070 12.976
201503 9.825 99.621 12.764
201506 9.727 100.684 12.503
201509 9.977 100.392 12.862
201512 10.416 99.792 13.508
201603 10.402 100.470 13.399
201606 10.481 101.688 13.339
201609 10.942 101.861 13.902
201612 10.871 101.863 13.812
201703 10.766 102.862 13.546
201706 10.667 103.349 13.358
201709 10.592 104.136 13.164
201712 10.717 104.011 13.335
201803 10.626 105.290 13.061
201806 10.521 106.317 12.807
201809 10.553 106.507 12.823
201812 10.424 105.998 12.727
201903 10.287 107.251 12.413
201906 10.134 108.070 12.136
201909 10.150 108.329 12.126
201912 10.124 108.420 12.085
202003 9.907 108.902 11.774
202006 9.967 108.767 11.859
202009 10.052 109.815 11.847
202012 10.158 109.897 11.963
202103 10.095 111.754 11.691
202106 10.275 114.631 11.601
202109 10.405 115.734 11.635
202112 10.408 117.630 11.451
202203 10.404 121.301 11.100
202206 10.435 125.017 10.802
202209 10.456 125.227 10.806
202212 10.408 125.222 10.757
202303 10.282 127.348 10.449
202306 10.248 128.729 10.303
202309 10.188 129.860 10.153
202312 10.144 129.419 10.144
202403 10.031 129.419 10.031

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.


Retail Opportunity Investments  (NAS:ROIC) 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.


Retail Opportunity Investments Cyclically Adjusted PB Ratio Related Terms

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


Retail Opportunity Investments (Retail Opportunity Investments) Business Description

Traded in Other Exchanges
N/A
Address
11250 El Camino Real, Suite 200, San Diego, CA, USA, 92130
Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.
Executives
Michael J. Indiveri director 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Laura H Pomerantz director
Lauren N. Silveira officer: VP, Chief Accounting Officer RETAIL OPPORTUNITY INVESTMENTS CORP., 11250 EL CAMINO ROAD, SUITE 200, SAN DIEGO CA 92130
Adrienne Banks Pitts director C/O RETAIL OPPORTUNITY INVESTMENTS CORP, 11250 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Zabrina Jenkins director C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130
Richard Schoebel officer: Chief Operating Officer C/O RETAIL OPPORTUNITY INVESTMENTS CORP., 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Angela K Ho director 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Eric S Zorn director 2001 S.E. 10TH STREET, BENTONVILLE AR 72712
Charles J. Persico director 112 MASON STREET, GREENWICH CT 06830
Michael B. Haines officer: EVP,CFO, TREASURER & SECRETARY 8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Richard A. Baker director, 10 percent owner, officer: Executive Chairman 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Edward H Meyer director C/O OCEAN ROAD ADVISORS INC, 650 MADISON AVENUE, 26TH FL, NEW YORK NY 10022
Laurie A. Sneve officer: Sr.VP,Chief Accounting Officer 8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Glenhill Advisors Llc 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenhill Capital Overseas Master Fund, L.p. 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020