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Arbor Realty Trust (Arbor Realty Trust) Cyclically Adjusted Book per Share : $12.15 (As of Mar. 2024)


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What is Arbor Realty Trust 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.

Arbor Realty Trust's adjusted book value per share for the three months ended in Mar. 2024 was $13.016. 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 $12.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arbor Realty Trust's average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Arbor Realty Trust was 8.30% per year. The lowest was -8.50% per year. And the median was -3.55% per year.

As of today (2024-05-15), Arbor Realty Trust's current stock price is $15.10. Arbor Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.15. Arbor Realty Trust's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arbor Realty Trust was 1.99. The lowest was 0.43. And the median was 1.03.


Arbor Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Arbor Realty Trust'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.

Arbor Realty Trust Cyclically Adjusted Book per Share Chart

Arbor Realty Trust 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 9.32 9.51 10.38 11.37 12.07

Arbor Realty Trust 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 11.64 11.85 12.03 12.07 12.15

Competitive Comparison of Arbor Realty Trust's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Arbor Realty Trust'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.


Arbor Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Arbor Realty Trust's Cyclically Adjusted PB Ratio falls into.



Arbor Realty Trust 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, Arbor Realty Trust'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)
=13.016/129.4194*129.4194
=13.016

Current CPI (Mar. 2024) = 129.4194.

Arbor Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.673 100.560 9.875
201409 8.813 100.428 11.357
201412 8.839 99.070 11.547
201503 9.062 99.621 11.773
201506 9.162 100.684 11.777
201509 9.347 100.392 12.050
201512 9.336 99.792 12.108
201603 9.187 100.470 11.834
201606 9.271 101.688 11.799
201609 9.360 101.861 11.892
201612 9.681 101.863 12.300
201703 9.786 102.862 12.313
201706 9.537 103.349 11.943
201709 9.578 104.136 11.904
201712 9.823 104.011 12.223
201803 10.006 105.290 12.299
201806 9.924 106.317 12.080
201809 9.352 106.507 11.364
201812 9.594 105.998 11.714
201903 9.537 107.251 11.508
201906 9.844 108.070 11.789
201909 9.903 108.329 11.831
201912 9.982 108.420 11.915
202003 8.920 108.902 10.601
202006 9.058 108.767 10.778
202009 9.519 109.815 11.218
202012 10.187 109.897 11.997
202103 10.763 111.754 12.464
202106 11.361 114.631 12.827
202109 11.519 115.734 12.881
202112 12.301 117.630 13.534
202203 12.516 121.301 13.354
202206 12.738 125.017 13.187
202209 12.751 125.227 13.178
202212 12.923 125.222 13.356
202303 12.990 127.348 13.201
202306 13.055 128.729 13.125
202309 13.109 129.860 13.065
202312 13.179 129.419 13.179
202403 13.016 129.419 13.016

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


Arbor Realty Trust  (NYSE:ABR) 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.

Arbor Realty Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.10/12.15
=1.24

* 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 Arbor Realty Trust was 1.99. The lowest was 0.43. And the median was 1.03.


Be Aware

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


Arbor Realty Trust Cyclically Adjusted Book per Share Related Terms

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


Arbor Realty Trust (Arbor Realty Trust) Business Description

Industry
Traded in Other Exchanges
Address
333 Earle Ovington Boulevard, Suite 900, Uniondale, NY, USA, 11553
Arbor Realty Trust Inc is a specialized real estate finance company. It invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. In addition, it may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. The company has two business segments, Structured Business and Agency Business. It generates a majority of its revenue from the Structured Business Segment. The company is externally managed and advised by Arbor Commercial Mortgage, LLC.
Executives
Ivan Kaufman director, 10 percent owner, officer: COB, CEO and President
Paul Elenio officer: Chief Financial Officer C/O ARBOR REALTY TRUST, 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
William C Green director C/O ARBOR REALTY TRUST, 333 EARLE OVINGTON BLVD, SUITE 900, UNIONDALE NY 11553
Carrie Wilkens director 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Gianni Ottaviano officer: Exec VP, Struc Fin Prod C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Maysa Vahidi officer: EVP General Counsel C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Melvin F Lazar director 300 EAST 56TH STREET, APT. 18A, NEW YORK NY 10022
Caryn Effron director C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Malvina Iannone officer: EVP General Counsel C/O ARBOR REALTY TRUST, INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Kenneth J Bacon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Van Der Reis Dennis officer: EVP, Structured Asset Mgmt C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
William P Connolly officer: Executive V P, Special Counsel C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Steve Katz officer: Chief Investment Officer & EVP C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Leiner Howard officer: EVP, Chief Technology Officer C/O ARBOR REALTY TRUST INC., 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Edward J Farrell director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017