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STORE Capital (STORE Capital) Cyclically Adjusted Book per Share : $16.25 (As of Sep. 2022)


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What is STORE 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.

STORE Capital's adjusted book value per share data for the fiscal year that ended in Dec. 2021 was $18.787. 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 $16.25 for the trailing ten years ended in Dec. 2021.

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 (2024-05-06), STORE Capital's current stock price is $ 32.21. STORE Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2021 was $16.25. STORE Capital's Cyclically Adjusted PB Ratio of today is 1.98.


STORE Capital Cyclically Adjusted Book per Share Historical Data

The historical data trend for STORE 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.

STORE Capital Cyclically Adjusted Book per Share Chart

STORE Capital Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 16.25

STORE Capital Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - 16.25 - - -

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

For the REIT - Diversified subindustry, STORE 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.


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

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

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



STORE 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, STORE Capital's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2021 was:

Adj_Book=Book Value per Share /CPI of Dec. 2021 (Change)*Current CPI (Dec. 2021)
=18.787/117.6295*117.6295
=18.787

Current CPI (Dec. 2021) = 117.6295.

STORE Capital Annual Data

Book Value per Share CPI Adj_Book
201212 4.480 96.871 5.440
201312 6.977 98.326 8.347
201412 13.737 99.070 16.311
201512 14.623 99.792 17.237
201612 15.584 101.863 17.996
201712 16.365 104.011 18.508
201812 17.476 105.998 19.394
201912 18.703 108.420 20.292
202012 18.848 109.897 20.174
202112 18.787 117.630 18.787

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


STORE Capital  (NYSE:STOR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.21/16.25
=1.98

* 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.


Be Aware

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


STORE Capital Cyclically Adjusted Book per Share Related Terms

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


STORE Capital (STORE Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » STORE Capital Corp (NYSE:STOR) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
8377 East Hartford Drive, Suite 100, Scottsdale, AZ, USA, 85255
STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE's revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE's total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE's investments as well.
Executives
Ashley A. Dembowski officer: SVP - Chief Accounting Officer 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Alexander Mcelyea officer: EVP Data Analytics 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Michael Edwards director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Lori Markson officer: EVP - Portfolio Operations 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Jawad A Ahsan director 17800 N 85TH ST, SCOTTSDALE AZ 85255
Sherry L Rexroad officer: CFO, EVP and Treasurer 2 BAYBERRY CIRCLE, AMBLER PA 19002
Joseph M Donovan director 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Tyler Maertz officer: EVP - Acquisitions 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Craig Barnett officer: EVP-Underwriting Portfolio Mgt 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Catherine F. Long officer: CFO, EVP and Treasurer 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Tawn Kelley director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher H Volk director, officer: President and CEO 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
William Franklin Hipp director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Chad Allen Freed officer: EVP GC CCO & Sec. 8377 E. HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Mary Fedewa officer: EVP - Acquisitions 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255

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