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Adler Group (XTER:ADJ) Cyclically Adjusted Book per Share : €31.17 (As of Dec. 2023)


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What is Adler Group 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.

Adler Group's adjusted book value per share for the three months ended in Dec. 2023 was €-1.509. 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 €31.17 for the trailing ten years ended in Dec. 2023.

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 (2024-05-31), Adler Group's current stock price is €0.1858. Adler Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €31.17. Adler Group's Cyclically Adjusted PB Ratio of today is 0.01.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Adler Group was 0.02. The lowest was 0.01. And the median was 0.01.


Adler Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Adler Group'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.

Adler Group Cyclically Adjusted Book per Share Chart

Adler Group 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 - - - - 31.17

Adler Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 31.37 31.17

Competitive Comparison of Adler Group's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Adler Group'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.


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

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

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



Adler Group 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, Adler Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.509/121.1700*121.1700
=-1.509

Current CPI (Dec. 2023) = 121.1700.

Adler Group Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.385 99.440 1.688
201403 0.000 99.740 0.000
201409 0.000 99.900 0.000
201412 3.247 98.830 3.981
201503 4.255 99.980 5.157
201506 0.000 100.640 0.000
201509 16.883 100.380 20.380
201512 19.572 99.910 23.737
201603 19.674 100.030 23.832
201606 22.433 100.660 27.004
201609 23.587 100.750 28.368
201612 28.987 101.040 34.762
201703 29.213 101.780 34.778
201706 31.595 102.170 37.471
201709 31.536 102.520 37.273
201712 35.599 102.410 42.120
201803 35.851 102.900 42.216
201806 38.792 103.650 45.349
201809 39.085 104.580 45.285
201812 42.614 104.320 49.497
201903 42.799 105.140 49.324
201906 46.811 105.550 53.738
201909 48.196 105.900 55.146
201912 52.368 106.080 59.817
202003 50.828 106.040 58.080
202006 40.568 106.340 46.226
202009 36.022 106.620 40.938
202012 35.110 106.670 39.883
202103 36.474 108.140 40.869
202106 37.673 108.680 42.003
202109 37.795 109.470 41.834
202112 25.448 111.090 27.757
202203 25.392 114.780 26.806
202206 20.327 116.750 21.097
202209 19.009 117.000 19.687
202212 12.060 117.060 12.483
202303 11.445 118.910 11.663
202306 2.958 120.460 2.975
202309 1.570 121.740 1.563
202312 -1.509 121.170 -1.509

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


Adler Group  (XTER:ADJ) 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.

Adler Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.1858/31.17
=0.01

* 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 Adler Group was 0.02. The lowest was 0.01. And the median was 0.01.


Be Aware

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


Adler Group Cyclically Adjusted Book per Share Related Terms

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


Adler Group (XTER:ADJ) Business Description

Industry
Traded in Other Exchanges
Address
55 Allée Scheffer, Grand Duchy of Luxembourg, LUX, L-2520
Adler Group SA is a company specialized and focused on the purchase, management, and development of income-producing multi-family residential real estate with a portfolio of residential and commercial units. The portfolio of the company and its subsidiaries is situated in or on the outskirts of urban areas in Northern, Eastern, and Western Germany, such as Berlin.
Executives
Dr. Artur Stefan Kirsten Chairman of the Board of Directors
Sven-christian Frank Chief Legal Officer
Maximilian Rienecker Co-CEO

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