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Rithm Capital (LTS:0K76) Cyclically Adjusted Book per Share : $15.58 (As of Mar. 2024)


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What is Rithm Capital 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.

Rithm Capital's adjusted book value per share for the three months ended in Mar. 2024 was $12.187. 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 $15.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rithm Capital's average Cyclically Adjusted Book Growth Rate was 2.80% 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.

As of today (2024-06-05), Rithm Capital's current stock price is $11.26. Rithm Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.58. Rithm Capital's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Rithm Capital was 0.80. The lowest was 0.50. And the median was 0.66.


Rithm Capital Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rithm Capital'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.

Rithm Capital Cyclically Adjusted Book per Share Chart

Rithm Capital 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 - - 13.97 14.80 15.37

Rithm Capital 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 15.09 15.31 15.47 15.37 15.58

Competitive Comparison of Rithm Capital's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Rithm Capital'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.


Rithm Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Rithm Capital 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, Rithm Capital'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)
=12.187/131.7762*131.7762
=12.187

Current CPI (Mar. 2024) = 131.7762.

Rithm Capital Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.619 100.560 13.915
201409 11.143 100.428 14.621
201412 11.285 99.070 15.011
201503 11.083 99.621 14.660
201506 12.426 100.684 16.263
201509 12.178 100.392 15.985
201512 12.131 99.792 16.019
201603 12.083 100.470 15.848
201606 12.198 101.688 15.807
201609 12.475 101.861 16.139
201612 13.000 101.863 16.818
201703 13.347 102.862 17.099
201706 14.396 103.349 18.356
201709 14.874 104.136 18.822
201712 15.260 104.011 19.334
201803 16.850 105.290 21.089
201806 16.797 106.317 20.819
201809 16.875 106.507 20.879
201812 16.249 105.998 20.201
201903 16.422 107.251 20.177
201906 16.168 108.070 19.715
201909 16.257 108.329 19.776
201912 16.207 108.420 19.698
202003 10.708 108.902 12.957
202006 10.774 108.767 13.053
202009 10.863 109.815 13.035
202012 10.869 109.897 13.033
202103 11.355 111.754 13.389
202106 11.272 114.631 12.958
202109 11.346 115.734 12.919
202112 11.444 117.630 12.820
202203 12.562 121.301 13.647
202206 12.285 125.017 12.949
202209 12.100 125.227 12.733
202212 12.002 125.222 12.630
202303 11.670 127.348 12.076
202306 12.160 128.729 12.448
202309 12.315 129.860 12.497
202312 11.899 129.419 12.116
202403 12.187 131.776 12.187

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


Rithm Capital  (LTS:0K76) 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.

Rithm Capital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.26/15.58
=0.72

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Rithm Capital was 0.80. The lowest was 0.50. And the median was 0.66.


Be Aware

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


Rithm Capital Cyclically Adjusted Book per Share Related Terms

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


Rithm Capital (LTS:0K76) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rithm Capital Corp (LTS:0K76) » Definitions » Cyclically Adjusted Book per Share
Address
799 Broadway, New York, NY, USA, 10003
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.

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