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PotlatchDeltic (FRA:P4C) Cyclically Adjusted Book per Share : €16.80 (As of Mar. 2024)


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What is PotlatchDeltic Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

PotlatchDeltic's adjusted book value per share for the three months ended in Mar. 2024 was €24.916. 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 €16.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PotlatchDeltic's average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 23.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 22.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PotlatchDeltic was 23.90% per year. The lowest was -18.10% per year. And the median was -4.10% per year.

As of today (2024-05-26), PotlatchDeltic's current stock price is €39.20. PotlatchDeltic's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.80. PotlatchDeltic's Cyclically Adjusted PB Ratio of today is 2.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PotlatchDeltic was 9.52. The lowest was 2.24. And the median was 4.45.


PotlatchDeltic Cyclically Adjusted Book per Share Historical Data

The historical data trend for PotlatchDeltic's Cyclically Adjusted Book per Share 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.

PotlatchDeltic Cyclically Adjusted Book per Share Chart

PotlatchDeltic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.08 7.41 10.10 13.95 15.85

PotlatchDeltic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 13.81 15.05 15.92 15.85 16.80

Competitive Comparison of PotlatchDeltic's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, PotlatchDeltic'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.


PotlatchDeltic's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



PotlatchDeltic Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PotlatchDeltic'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)
=24.916/131.7762*131.7762
=24.916

Current CPI (Mar. 2024) = 131.7762.

PotlatchDeltic Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.068 100.560 5.331
201409 4.698 100.428 6.164
201412 4.495 99.070 5.979
201503 4.929 99.621 6.520
201506 4.497 100.684 5.886
201509 4.710 100.392 6.182
201512 4.598 99.792 6.072
201603 4.204 100.470 5.514
201606 3.087 101.688 4.000
201609 3.425 101.861 4.431
201612 3.656 101.863 4.730
201703 3.667 102.862 4.698
201706 3.733 103.349 4.760
201709 3.950 104.136 4.998
201712 4.173 104.011 5.287
201803 17.258 105.290 21.599
201806 18.563 106.317 23.008
201809 16.102 106.507 19.922
201812 17.104 105.998 21.264
201903 16.739 107.251 20.567
201906 16.413 108.070 20.013
201909 16.692 108.329 20.305
201912 16.426 108.420 19.965
202003 15.540 108.902 18.804
202006 14.946 108.767 18.108
202009 15.185 109.815 18.222
202012 16.040 109.897 19.233
202103 18.513 111.754 21.830
202106 19.954 114.631 22.938
202109 21.030 115.734 23.945
202112 19.556 117.630 21.908
202203 22.411 121.301 24.346
202206 25.173 125.017 26.534
202209 30.076 125.227 31.649
202212 26.811 125.222 28.214
202303 26.042 127.348 26.948
202306 25.794 128.729 26.405
202309 26.348 129.860 26.737
202312 25.085 129.419 25.542
202403 24.916 131.776 24.916

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


PotlatchDeltic  (FRA:P4C) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

PotlatchDeltic's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=39.20/16.8
=2.33

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PotlatchDeltic was 9.52. The lowest was 2.24. And the median was 4.45.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


PotlatchDeltic Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of PotlatchDeltic's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PotlatchDeltic (FRA:P4C) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PotlatchDeltic Corp (FRA:P4C) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
601 West 1st Avenue, Suite 1600, Spokane, WA, USA, 99201
PotlatchDeltic Corp is a REIT that owns and manages forestland in Alabama, Arkansas, Idaho, Minnesota, and Mississippi. Potlach operates in three segments. The timberlands segment covers the planting and harvesting of trees, as well as the construction and maintenance of roads. The wood products segment manufactures and distributes lumber, plywood, and other wood products. The real estate segment covers the sales generated from company-owned timberlands, as well as commercial and residential properties. The timberlands and the wood product segments combined drive the majority of the company's revenue.

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