GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Forest City Realty Trust Inc (NYSE:FCE.B) » Definitions » Cyclically Adjusted Book per Share

Forest City Realty Trust (Forest City Realty Trust) Cyclically Adjusted Book per Share : $0.00 (As of Sep. 2018)


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

What is Forest City Realty Trust Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Forest City Realty Trust's adjusted book value per share for the three months ended in Sep. 2018 was $15.976. 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 $0.00 for the trailing ten years ended in Sep. 2018.

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 (2024-06-10), Forest City Realty Trust's current stock price is $31.7338. Forest City Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 was $0.00. Forest City Realty Trust's Cyclically Adjusted PB Ratio of today is .


Forest City Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Forest City 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.

Forest City Realty Trust Cyclically Adjusted Book per Share Chart

Forest City Realty Trust Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Forest City Realty Trust Quarterly Data
Oct13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 - - - - -

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

For the REIT - Retail subindustry, Forest City 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.


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

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

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



Forest City 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, Forest City Realty Trust's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book= Book Value per Share /CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=15.976/106.5067*106.5067
=15.976

Current CPI (Sep. 2018) = 106.5067.

Forest City Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
200810 8.719 91.375 10.163
200901 8.103 89.084 9.688
200904 6.081 89.968 7.199
200907 7.503 90.859 8.795
200910 7.304 91.207 8.529
201001 7.395 91.423 8.615
201004 7.156 91.980 8.286
201007 7.779 91.981 9.007
201010 7.387 92.277 8.526
201101 7.914 92.914 9.072
201104 8.199 94.890 9.203
201107 8.278 95.319 9.250
201110 7.959 95.529 8.874
201201 7.372 95.632 8.210
201204 7.510 97.075 8.240
201207 7.196 96.661 7.929
201210 7.433 97.595 8.112
201301 7.971 97.158 8.738
201304 8.074 98.107 8.765
201307 8.237 98.557 8.901
201310 8.853 98.536 9.569
201403 8.249 99.695 8.813
201406 7.693 100.560 8.148
201409 7.924 100.428 8.404
201412 8.634 99.070 9.282
201503 9.255 99.621 9.895
201506 12.320 100.684 13.032
201509 11.555 100.392 12.259
201512 13.650 99.792 14.568
201603 14.213 100.470 15.067
201606 14.274 101.688 14.950
201609 12.611 101.861 13.186
201612 12.692 101.863 13.271
201703 12.784 102.862 13.237
201706 12.947 103.349 13.343
201709 12.945 104.136 13.240
201712 13.225 104.011 13.542
201803 13.816 105.290 13.976
201806 13.917 106.317 13.942
201809 15.976 106.507 15.976

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


Forest City Realty Trust  (NYSE:FCE.B) 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.


Be Aware

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


Forest City Realty Trust Cyclically Adjusted Book per Share Related Terms

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


Forest City Realty Trust (Forest City Realty Trust) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Forest City Realty Trust Inc is engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. The company's segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. It operates mixed-use projects such as residential rental properties, regional malls, specialty/urban retail centers, office and life science buildings and others. In addition, it also engaged in acquiring and sale of both land and developed lots to residential, commercial and industrial clients. Revenue for the group is derived from the source of rental, service and management fees and land sales.