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UDR (BSP:U1DR34) Cyclically Adjusted Book per Share : R$75.51 (As of Dec. 2024)


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What is UDR 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.

UDR's adjusted book value per share for the three months ended in Dec. 2024 was R$62.696. 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$75.51 for the trailing ten years ended in Dec. 2024.

During the past 12 months, UDR's average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 UDR was 7.90% per year. The lowest was -4.80% per year. And the median was 3.25% per year.

As of today (2025-04-28), UDR's current stock price is R$230.17. UDR's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was R$75.51. UDR's Cyclically Adjusted PB Ratio of today is 3.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UDR was 4.89. The lowest was 2.43. And the median was 3.47.


UDR Cyclically Adjusted Book per Share Historical Data

The historical data trend for UDR'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.

UDR Cyclically Adjusted Book per Share Chart

UDR Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.72 68.69 63.28 57.85 75.51

UDR Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 57.85 61.54 55.99 67.90 75.51

Competitive Comparison of UDR's Cyclically Adjusted Book per Share

For the REIT - Residential subindustry, UDR'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.


UDR's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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UDR 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, UDR's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=62.696/133.1571*133.1571
=62.696

Current CPI (Dec. 2024) = 133.1571.

UDR Quarterly Data

Book Value per Share CPI Adj_Book
201503 33.521 99.621 44.805
201506 33.761 100.684 44.650
201509 42.127 100.392 55.876
201512 42.289 99.792 56.428
201603 40.511 100.470 53.691
201606 37.178 101.688 48.683
201609 35.018 101.861 45.777
201612 38.234 101.863 49.980
201703 34.968 102.862 45.267
201706 35.055 103.349 45.166
201709 32.763 104.136 41.894
201712 34.251 104.011 43.849
201803 34.695 105.290 43.878
201806 38.198 106.317 47.841
201809 38.992 106.507 48.749
201812 40.299 105.998 50.625
201903 39.564 107.251 49.121
201906 39.540 108.070 48.719
201909 45.004 108.329 55.318
201912 46.151 108.420 56.681
202003 56.635 108.902 69.249
202006 58.950 108.767 72.169
202009 59.925 109.815 72.663
202012 55.320 109.897 67.029
202103 56.137 111.754 66.888
202106 46.406 114.631 53.906
202109 52.260 115.734 60.127
202112 60.399 117.630 68.372
202203 52.325 121.301 57.439
202206 59.420 125.017 63.289
202209 62.761 125.227 66.736
202212 64.628 125.222 68.723
202303 61.336 127.348 64.134
202306 60.036 128.729 62.101
202309 61.659 129.860 63.225
202312 58.773 129.419 60.470
202403 58.584 131.776 59.198
202406 60.134 132.554 60.408
202409 58.253 133.029 58.309
202412 62.696 133.157 62.696

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


UDR  (BSP:U1DR34) 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.

UDR's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=230.17/75.51
=3.05

* 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 UDR was 4.89. The lowest was 2.43. And the median was 3.47.


Be Aware

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


UDR Cyclically Adjusted Book per Share Related Terms

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


UDR Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (BSP:U1DR34) » Definitions » Cyclically Adjusted Book per Share
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1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129
UDR Inc is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized; and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. It generates key revenue from Same-Store Communities.

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