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Artis Real Estate Investment Trust (FRA:5G6) Cyclically Adjusted Book per Share : €11.83 (As of Mar. 2025)


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What is Artis Real Estate Investment Trust 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.

Artis Real Estate Investment Trust's adjusted book value per share for the three months ended in Mar. 2025 was €9.014. 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 €11.83 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Artis Real Estate Investment Trust's average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Artis Real Estate Investment Trust was 5.30% per year. The lowest was 1.20% per year. And the median was 3.75% per year.

As of today (2025-05-22), Artis Real Estate Investment Trust's current stock price is €4.4475. Artis Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €11.83. Artis Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Artis Real Estate Investment Trust was 1.04. The lowest was 0.30. And the median was 0.67.


Artis Real Estate Investment Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Artis Real Estate Investment 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.

Artis Real Estate Investment Trust Cyclically Adjusted Book per Share Chart

Artis Real Estate Investment Trust 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 10.56 12.03 12.77 12.48 12.60

Artis Real Estate Investment Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.62 12.77 12.43 12.60 11.83

Competitive Comparison of Artis Real Estate Investment Trust's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Artis Real Estate Investment 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.


Artis Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Artis Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


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Artis Real Estate Investment 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, Artis Real Estate Investment Trust's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.014/129.1809*129.1809
=9.014

Current CPI (Mar. 2025) = 129.1809.

Artis Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.764 100.500 16.407
201509 11.879 100.421 15.281
201512 10.809 99.947 13.971
201603 10.632 101.054 13.591
201606 10.638 102.002 13.473
201609 10.659 101.765 13.531
201612 10.881 101.449 13.855
201703 10.774 102.634 13.561
201706 10.163 103.029 12.743
201709 10.259 103.345 12.824
201712 10.017 103.345 12.521
201803 9.520 105.004 11.712
201806 10.140 105.557 12.409
201809 10.031 105.636 12.267
201812 10.279 105.399 12.598
201903 10.405 106.979 12.564
201906 10.385 107.690 12.457
201909 10.923 107.611 13.112
201912 10.781 107.769 12.923
202003 10.205 107.927 12.215
202006 10.245 108.401 12.209
202009 9.998 108.164 11.941
202012 9.733 108.559 11.582
202103 10.346 110.298 12.117
202106 11.497 111.720 13.294
202109 11.808 112.905 13.510
202112 12.128 113.774 13.770
202203 13.830 117.646 15.186
202206 14.454 120.806 15.456
202209 14.704 120.648 15.744
202212 12.183 120.964 13.011
202303 11.780 122.702 12.402
202306 11.431 124.203 11.889
202309 10.680 125.230 11.017
202312 9.654 125.072 9.971
202403 9.683 126.258 9.907
202406 9.693 127.522 9.819
202409 9.286 127.285 9.424
202412 9.350 127.364 9.483
202503 9.014 129.181 9.014

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


Artis Real Estate Investment Trust  (FRA:5G6) 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.

Artis Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.4475/11.83
=0.38

* 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 Artis Real Estate Investment Trust was 1.04. The lowest was 0.30. And the median was 0.67.


Be Aware

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


Artis Real Estate Investment Trust Cyclically Adjusted Book per Share Related Terms

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


Artis Real Estate Investment Trust Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end real estate investment trust created under, and governed by, the laws of the Province of Manitoba. The REIT owns, manages, leases and develops industrial, office, retail and residential properties in Canada and the United States, and holds other real estate investments. The segmented information for Canada and U.S. presented below includes the REIT's proportionate share of revenue, expenses, assets and liabilities of investment properties held in equity accounted investments which were set up to develop and operate specific investment properties.

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