GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » West Real Estate SA (WAR:WRE) » Definitions » Cyclically Adjusted Book per Share

West Real Estate (WAR:WRE) Cyclically Adjusted Book per Share : zł1.83 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is West Real Estate 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.

West Real Estate's adjusted book value per share for the three months ended in Mar. 2024 was zł0.084. 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 zł1.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, West Real Estate's average Cyclically Adjusted Book Growth Rate was -10.30% 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 (2024-06-04), West Real Estate's current stock price is zł0.61. West Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł1.83. West Real Estate's Cyclically Adjusted PB Ratio of today is 0.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of West Real Estate was 0.76. The lowest was 0.18. And the median was 0.28.


West Real Estate Cyclically Adjusted Book per Share Historical Data

The historical data trend for West Real Estate'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.

West Real Estate Cyclically Adjusted Book per Share Chart

West Real Estate Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.04 2.04

West Real Estate Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.04 2.05 1.98 1.88 1.83

Competitive Comparison of West Real Estate's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, West Real Estate'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.


West Real Estate's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



West Real Estate 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, West Real Estate'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)
=0.084/149.0435*149.0435
=0.084

Current CPI (Mar. 2024) = 149.0435.

West Real Estate Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.661 101.262 3.917
201406 0.000 101.180 0.000
201409 2.609 100.611 3.865
201412 2.168 100.122 3.227
201503 2.182 100.041 3.251
201506 1.403 100.448 2.082
201509 1.418 99.634 2.121
201512 1.457 99.471 2.183
201603 1.417 98.983 2.134
201606 1.421 99.552 2.127
201609 1.414 99.064 2.127
201612 1.384 100.366 2.055
201703 2.536 101.018 3.742
201706 1.391 101.180 2.049
201709 1.383 101.343 2.034
201712 1.387 102.564 2.016
201803 1.392 102.564 2.023
201806 1.385 103.378 1.997
201809 1.497 103.378 2.158
201812 1.435 103.785 2.061
201903 1.449 104.274 2.071
201906 1.453 105.983 2.043
201909 1.452 105.983 2.042
201912 1.442 107.123 2.006
202003 1.445 109.076 1.974
202006 1.453 109.402 1.979
202009 1.453 109.320 1.981
202012 1.454 109.565 1.978
202103 1.452 112.658 1.921
202106 1.453 113.960 1.900
202109 1.449 115.588 1.868
202112 0.047 119.088 0.059
202203 1.444 125.031 1.721
202206 0.047 131.705 0.053
202209 0.074 135.531 0.081
202212 0.137 139.113 0.147
202303 -0.130 145.950 -0.133
202306 0.117 147.009 0.119
202309 0.112 146.113 0.114
202403 0.084 149.044 0.084

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


West Real Estate  (WAR:WRE) 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.

West Real Estate's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.61/1.83
=0.33

* 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 West Real Estate was 0.76. The lowest was 0.18. And the median was 0.28.


Be Aware

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


West Real Estate Cyclically Adjusted Book per Share Related Terms

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


West Real Estate (WAR:WRE) Business Description

Industry
Traded in Other Exchanges
N/A
Address
ul. Skarbowcow 23A, Wroclaw, POL, 53-025
West Real Estate SA is engaged in the acquisition and management of real estate and entities for its assets for investment purposes, in order to derive economic benefits from their management. The company diversifies its business in the sectors of waste management, personnel brokerage industry, and construction industry.

West Real Estate (WAR:WRE) Headlines

No Headlines