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Cyrela Brazil Realty Empreend e Part (BSP:CYRE3) Cyclically Adjusted Book per Share : R$20.18 (As of Dec. 2023)


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What is Cyrela Brazil Realty Empreend e Part 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.

Cyrela Brazil Realty Empreend e Part's adjusted book value per share for the three months ended in Dec. 2023 was R$20.512. 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 R$20.18 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Cyrela Brazil Realty Empreend e Part's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.20% 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 Cyrela Brazil Realty Empreend e Part was 4.90% per year. The lowest was 3.40% per year. And the median was 4.55% per year.

As of today (2024-05-01), Cyrela Brazil Realty Empreend e Part's current stock price is R$20.30. Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$20.18. Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cyrela Brazil Realty Empreend e Part was 1.98. The lowest was 0.61. And the median was 0.99.


Cyrela Brazil Realty Empreend e Part Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cyrela Brazil Realty Empreend e Part'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.

Cyrela Brazil Realty Empreend e Part Cyclically Adjusted Book per Share Chart

Cyrela Brazil Realty Empreend e Part 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 17.09 17.55 18.98 19.71 20.18

Cyrela Brazil Realty Empreend e Part 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 19.71 20.04 20.11 20.15 20.18

Competitive Comparison of Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted Book per Share

For the Residential Construction subindustry, Cyrela Brazil Realty Empreend e Part'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.


Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted PB Ratio falls into.



Cyrela Brazil Realty Empreend e Part 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, Cyrela Brazil Realty Empreend e Part'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)
=20.512/156.2729*156.2729
=20.512

Current CPI (Dec. 2023) = 156.2729.

Cyrela Brazil Realty Empreend e Part Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.829 90.447 23.893
201406 14.344 91.838 24.408
201409 14.833 92.602 25.032
201412 14.778 94.194 24.518
201503 15.053 97.799 24.053
201506 15.302 100.006 23.911
201509 15.649 101.392 24.119
201512 15.530 104.247 23.280
201603 15.065 106.979 22.007
201606 15.177 108.851 21.789
201609 15.766 109.986 22.401
201612 15.736 110.802 22.194
201703 15.751 111.869 22.003
201706 15.370 112.115 21.424
201709 15.352 112.777 21.273
201712 15.481 114.068 21.209
201803 14.830 114.868 20.176
201806 14.169 117.038 18.919
201809 13.854 117.881 18.366
201812 13.402 118.340 17.698
201903 13.515 120.124 17.582
201906 13.807 120.977 17.835
201909 13.298 121.292 17.133
201912 12.388 123.436 15.683
202003 12.461 124.092 15.693
202006 12.636 123.557 15.982
202009 16.287 125.095 20.346
202012 14.316 129.012 17.341
202103 14.814 131.660 17.583
202106 15.506 133.871 18.101
202109 16.121 137.913 18.267
202112 16.120 141.992 17.741
202203 16.533 146.537 17.631
202206 16.938 149.784 17.672
202209 17.766 147.800 18.785
202212 18.954 150.207 19.719
202303 19.263 153.352 19.630
202306 20.058 154.519 20.286
202309 20.757 155.464 20.865
202312 20.512 156.273 20.512

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


Cyrela Brazil Realty Empreend e Part  (BSP:CYRE3) 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.

Cyrela Brazil Realty Empreend e Part's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.30/20.18
=1.01

* 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 Cyrela Brazil Realty Empreend e Part was 1.98. The lowest was 0.61. And the median was 0.99.


Be Aware

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


Cyrela Brazil Realty Empreend e Part Cyclically Adjusted Book per Share Related Terms

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


Cyrela Brazil Realty Empreend e Part (BSP:CYRE3) Business Description

Traded in Other Exchanges
Address
Rua do Rocio, 109, 2nd Floor, Room 01, Sao Paulo, SP, BRA, 04552-000
Cyrela Brazil Realty SA Empreend e Part is a Brazilian construction company engaged in the development and construction of residential properties, individually or together with other entities. The company has four operating segments; the Cyrela segment includes real estate projects classified by the Launch Committee as high-end and luxury, both of the Parent and joint ventures, the Living segment includes real estate projects classified by the Launch Committee as Living, both of the Parent and joint ventures, CVA segment includes real estate projects classified by the Launch Committee as Casa Verde e Amarela, both of the Parent and joint ventures and Other segment include land subdivision and service rendering activities.

Cyrela Brazil Realty Empreend e Part (BSP:CYRE3) Headlines

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