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American Hotelome Properties REIT LP (American Hotelome Properties REIT LP) Cyclically Adjusted Book per Share : $6.48 (As of Dec. 2023)


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What is American Hotelome Properties REIT LP 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.

American Hotelome Properties REIT LP's adjusted book value per share for the three months ended in Dec. 2023 was $2.396. 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 $6.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, American Hotelome Properties REIT LP's average Cyclically Adjusted Book Growth Rate was -3.50% 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.

As of today (2024-05-02), American Hotelome Properties REIT LP's current stock price is $0.46455. American Hotelome Properties REIT LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.48. American Hotelome Properties REIT LP's Cyclically Adjusted PB Ratio of today is 0.07.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of American Hotelome Properties REIT LP was 0.33. The lowest was 0.06. And the median was 0.26.


American Hotelome Properties REIT LP Cyclically Adjusted Book per Share Historical Data

The historical data trend for American Hotelome Properties REIT LP'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.

American Hotelome Properties REIT LP Cyclically Adjusted Book per Share Chart

American Hotelome Properties REIT LP 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 - - - 6.65 6.48

American Hotelome Properties REIT LP 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 6.65 6.44 6.90 6.75 6.48

Competitive Comparison of American Hotelome Properties REIT LP's Cyclically Adjusted Book per Share

For the REIT - Hotel & Motel subindustry, American Hotelome Properties REIT LP'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.


American Hotelome Properties REIT LP's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Hotelome Properties REIT LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where American Hotelome Properties REIT LP's Cyclically Adjusted PB Ratio falls into.



American Hotelome Properties REIT LP 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, American Hotelome Properties REIT LP'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)
=2.396/125.4675*125.4675
=2.396

Current CPI (Dec. 2023) = 125.4675.

American Hotelome Properties REIT LP Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.811 98.604 9.939
201406 7.959 99.473 10.039
201409 7.861 99.394 9.923
201412 7.858 98.367 10.023
201503 7.666 99.789 9.639
201506 7.714 100.500 9.630
201509 7.582 100.421 9.473
201512 7.439 99.947 9.338
201603 7.233 101.054 8.980
201606 7.177 102.002 8.828
201609 7.164 101.765 8.833
201612 7.114 101.449 8.798
201703 7.017 102.634 8.578
201706 6.914 103.029 8.420
201709 6.868 103.345 8.338
201712 6.631 103.345 8.050
201803 6.488 105.004 7.752
201806 6.440 105.557 7.655
201809 6.336 105.636 7.525
201812 6.095 105.399 7.256
201903 5.922 106.979 6.945
201906 5.836 107.690 6.799
201909 5.702 107.611 6.648
201912 5.354 107.769 6.233
202003 5.047 107.927 5.867
202006 4.783 108.401 5.536
202009 4.630 108.164 5.371
202012 4.354 108.559 5.032
202103 4.165 110.298 4.738
202106 4.152 111.720 4.663
202109 4.345 112.905 4.828
202112 4.205 113.774 4.637
202203 4.113 117.646 4.386
202206 4.224 120.806 4.387
202209 4.170 120.648 4.337
202212 3.535 120.964 3.667
202303 3.456 122.702 3.534
202306 3.532 124.203 3.568
202309 3.460 125.230 3.467
202312 2.396 125.468 2.396

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


American Hotelome Properties REIT LP  (OTCPK:AHOTF) 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.

American Hotelome Properties REIT LP's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.46455/6.48
=0.07

* 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 American Hotelome Properties REIT LP was 0.33. The lowest was 0.06. And the median was 0.26.


Be Aware

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


American Hotelome Properties REIT LP Cyclically Adjusted Book per Share Related Terms

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


American Hotelome Properties REIT LP (American Hotelome Properties REIT LP) Business Description

Traded in Other Exchanges
Address
800 - 925 West Georgia Street, Vancouver, BC, CAN, V6C 3L2
American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.