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Regency Centers (FRA:RRC) Cyclically Adjusted Book per Share : €34.75 (As of Mar. 2024)


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What is Regency Centers 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.

Regency Centers's adjusted book value per share for the three months ended in Mar. 2024 was €33.914. 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 €34.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Regency Centers's average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Regency Centers was 10.50% per year. The lowest was -3.60% per year. And the median was 0.90% per year.

As of today (2024-06-07), Regency Centers's current stock price is €56.00. Regency Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €34.75. Regency Centers's Cyclically Adjusted PB Ratio of today is 1.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Regency Centers was 4.21. The lowest was 1.24. And the median was 2.49.


Regency Centers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Regency Centers'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.

Regency Centers Cyclically Adjusted Book per Share Chart

Regency Centers 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 22.21 21.61 26.44 31.72 33.26

Regency Centers 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 31.89 32.54 34.17 33.26 34.75

Competitive Comparison of Regency Centers's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Regency Centers'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.


Regency Centers's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Regency Centers 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, Regency Centers'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)
=33.914/131.7762*131.7762
=33.914

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.695 100.560 15.325
201409 12.709 100.428 16.676
201412 13.692 99.070 18.212
201503 15.203 99.621 20.110
201506 14.757 100.684 19.314
201509 14.770 100.392 19.387
201512 16.399 99.792 21.655
201603 15.901 100.470 20.856
201606 16.533 101.688 21.425
201609 19.182 101.861 24.815
201612 20.629 101.863 26.687
201703 36.669 102.862 46.976
201706 34.696 103.349 44.239
201709 32.599 104.136 41.252
201712 33.069 104.011 41.897
201803 31.494 105.290 39.417
201806 33.055 106.317 40.971
201809 33.012 106.507 40.844
201812 33.572 105.998 41.737
201903 33.634 107.251 41.325
201906 33.366 108.070 40.685
201909 34.025 108.329 41.389
201912 33.459 108.420 40.667
202003 33.165 108.902 40.131
202006 32.130 108.767 38.927
202009 30.304 109.815 36.364
202012 29.072 109.897 34.860
202103 29.608 111.754 34.913
202106 29.253 114.631 33.628
202109 30.223 115.734 34.412
202112 31.285 117.630 35.047
202203 32.491 121.301 35.297
202206 33.941 125.017 35.776
202209 36.195 125.227 38.088
202212 33.725 125.222 35.490
202303 33.187 127.348 34.341
202306 32.688 128.729 33.462
202309 34.786 129.860 35.299
202312 33.903 129.419 34.520
202403 33.914 131.776 33.914

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


Regency Centers  (FRA:RRC) 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.

Regency Centers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=56.00/34.75
=1.61

* 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 Regency Centers was 4.21. The lowest was 1.24. And the median was 2.49.


Be Aware

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


Regency Centers Cyclically Adjusted Book per Share Related Terms

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


Regency Centers (FRA:RRC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Regency Centers Corp (FRA:RRC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Regency Centers (FRA:RRC) Headlines

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