Mirvac Group (ASX:MGR) 3-Year Book Growth Rate : 1.40% (As of Dec. 2023)

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What is Mirvac Group 3-Year Book Growth Rate?

Mirvac Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$2.58.

During the past 12 months, Mirvac Group's average Book Value per Share Growth Rate was -8.70% per year. During the past 3 years, the average Book Value per Share Growth Rate was 1.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 3.10% per year. During the past 10 years, the average Book Value per Share Growth Rate was 6.10% 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 average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Mirvac Group was 10.10% per year. The lowest was -22.70% per year. And the median was 3.95% per year.

Competitive Comparison of Mirvac Group's 3-Year Book Growth Rate

For the REIT - Diversified subindustry, Mirvac Group's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Mirvac Group's 3-Year Book Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Mirvac Group's 3-Year Book Growth Rate falls into.

Mirvac Group 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Book Value per Share growth rate.

Mirvac Group (ASX:MGR) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Mirvac Group 3-Year Book Growth Rate Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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