GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » One Liberty Properties Inc (NYSE:OLP) » Definitions » Cyclically Adjusted Book per Share

One Liberty Properties (One Liberty Properties) Cyclically Adjusted Book per Share : $18.56 (As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is One Liberty Properties 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.

One Liberty Properties's adjusted book value per share for the three months ended in Dec. 2023 was $15.091. 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 $18.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, One Liberty Properties's average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.50% 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 One Liberty Properties was 2.80% per year. The lowest was -6.50% per year. And the median was -0.15% per year.

As of today (2024-04-27), One Liberty Properties's current stock price is $22.73. One Liberty Properties's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.56. One Liberty Properties's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of One Liberty Properties was 1.98. The lowest was 0.74. And the median was 1.33.


One Liberty Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for One Liberty Properties'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.

One Liberty Properties Cyclically Adjusted Book per Share Chart

One Liberty Properties 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 17.30 17.09 17.90 18.57 18.56

One Liberty Properties 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 18.57 18.75 18.79 18.79 18.56

Competitive Comparison of One Liberty Properties's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, One Liberty Properties'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.


One Liberty Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where One Liberty Properties's Cyclically Adjusted PB Ratio falls into.



One Liberty Properties 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, One Liberty Properties'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)
=15.091/129.4194*129.4194
=15.091

Current CPI (Dec. 2023) = 129.4194.

One Liberty Properties Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.083 99.695 20.878
201406 16.023 100.560 20.621
201409 15.867 100.428 20.448
201412 16.167 99.070 21.120
201503 16.187 99.621 21.029
201506 16.168 100.684 20.782
201509 15.891 100.392 20.486
201512 15.989 99.792 20.736
201603 15.521 100.470 19.993
201606 15.841 101.688 20.161
201609 15.964 101.861 20.283
201612 16.485 101.863 20.945
201703 16.206 102.862 20.390
201706 16.346 103.349 20.469
201709 16.294 104.136 20.250
201712 16.251 104.011 20.221
201803 16.223 105.290 19.941
201806 16.166 106.317 19.679
201809 16.394 106.507 19.921
201812 15.860 105.998 19.364
201903 15.520 107.251 18.728
201906 15.329 108.070 18.357
201909 15.148 108.329 18.097
201912 15.104 108.420 18.029
202003 14.752 108.902 17.531
202006 14.484 108.767 17.234
202009 14.810 109.815 17.454
202012 14.628 109.897 17.227
202103 14.356 111.754 16.625
202106 15.170 114.631 17.127
202109 15.074 115.734 16.856
202112 15.086 117.630 16.598
202203 15.149 121.301 16.163
202206 15.540 125.017 16.087
202209 15.474 125.227 15.992
202212 15.517 125.222 16.037
202303 15.269 127.348 15.517
202306 15.188 128.729 15.269
202309 14.803 129.860 14.753
202312 15.091 129.419 15.091

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


One Liberty Properties  (NYSE:OLP) 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.

One Liberty Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.73/18.56
=1.22

* 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 One Liberty Properties was 1.98. The lowest was 0.74. And the median was 1.33.


Be Aware

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


One Liberty Properties Cyclically Adjusted Book per Share Related Terms

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


One Liberty Properties (One Liberty Properties) Business Description

Industry
Traded in Other Exchanges
Address
60 Cutter Mill Road, Suite 303, Great Neck, NY, USA, 11021
One Liberty Properties Inc is a self-administered and self-managed real estate investment trust. It acquires, owns, and manages a geographically diversified portfolio of industrial, retail, restaurant, health and fitness, and theater properties. The group generates the majority of its revenue in the form of rental income.
Executives
Justin Clair officer: Assistant Vice President 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Lawrence Ricketts officer: VICE PRESIDENT
Charles Biederman director 60CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Mili Mathew officer: Vice President - Financial 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Jeffrey Gould director, officer: SENIOR VICE PRESIDENT
Edward Gellert director 399 PARK AVENUE, NEW YORK NY 10022
Eugene I Zuriff director C/O SMITH WOLLENSKY RESTAURANT GROUP INC, 1114 FIRST AVENUE, NEW YORK NY 10021
Matthew J Gould director, officer: SENIOR VICE PRESIDENT
Mizuho Securities Usa Llc other: See Remarks 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Karen A. Till director 3939 HICKORY STREET, SEAFORD NY 11783
Jesse Robert Lovejoy director RIPPLEWOOD HOLDINGS LLC, ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Benjamin Bolanos officer: Vice President 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Leor Siri director 560 CHURCH AVENUE, WOODMERE NY 11598
Gould Investors L P 10 percent owner 60 CUTTER MILL RD, STE 303, GREAT NECK NY 11021-3190
Fredric H Gould director, officer: Chariman of Board 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021