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Home Invest Belgium NV (FRA:H5V0) Cyclically Adjusted Book per Share : €19.85 (As of Dec. 2024)


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What is Home Invest Belgium NV 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.

Home Invest Belgium NV's adjusted book value per share for the three months ended in Dec. 2024 was €24.142. 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 €19.85 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Home Invest Belgium NV's average Cyclically Adjusted Book Growth Rate was 8.50% 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 (2025-05-29), Home Invest Belgium NV's current stock price is €19.20. Home Invest Belgium NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €19.85. Home Invest Belgium NV's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Home Invest Belgium NV was 1.04. The lowest was 0.79. And the median was 0.90.


Home Invest Belgium NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Home Invest Belgium NV'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.

Home Invest Belgium NV Cyclically Adjusted Book per Share Chart

Home Invest Belgium NV 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 - - - 18.21 19.85

Home Invest Belgium NV 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 18.21 - 18.89 19.25 19.85

Competitive Comparison of Home Invest Belgium NV's Cyclically Adjusted Book per Share

For the REIT - Residential subindustry, Home Invest Belgium NV'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.


Home Invest Belgium NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Home Invest Belgium NV's Cyclically Adjusted PB Ratio falls into.


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Home Invest Belgium NV 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, Home Invest Belgium NV'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)
=24.142/132.3456*132.3456
=24.142

Current CPI (Dec. 2024) = 132.3456.

Home Invest Belgium NV Quarterly Data

Book Value per Share CPI Adj_Book
201112 11.517 96.360 15.818
201206 11.374 97.659 15.414
201212 11.746 98.511 15.780
201306 11.748 99.215 15.671
201312 12.817 99.462 17.054
201406 12.806 99.482 17.036
201412 13.230 99.086 17.671
201506 12.968 100.107 17.144
201512 12.719 100.572 16.737
201606 12.898 102.267 16.692
201612 13.038 102.614 16.816
201706 13.492 103.902 17.185
201712 13.111 104.804 16.556
201806 14.430 106.063 18.006
201809 0.000 106.618 0.000
201812 16.304 107.252 20.119
201903 0.000 107.876 0.000
201906 18.050 107.896 22.140
201909 18.398 107.470 22.656
201912 18.766 108.065 22.983
202003 0.000 108.550 0.000
202006 18.644 108.540 22.733
202009 0.000 108.441 0.000
202012 18.866 108.511 23.010
202103 0.000 109.522 0.000
202106 20.233 110.305 24.276
202109 0.000 111.543 0.000
202112 20.859 114.705 24.067
202203 0.000 118.620 0.000
202206 22.206 120.948 24.299
202209 0.000 124.120 0.000
202212 23.055 126.578 24.106
202303 0.000 126.528 0.000
202306 22.036 125.973 23.151
202309 0.000 127.083 0.000
202312 21.301 128.292 21.974
202403 0.000 130.552 0.000
202406 23.281 130.691 23.576
202409 23.095 130.968 23.338
202412 24.142 132.346 24.142

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


Home Invest Belgium NV  (FRA:H5V0) 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.

Home Invest Belgium NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.20/19.85
=0.97

* 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 Home Invest Belgium NV was 1.04. The lowest was 0.79. And the median was 0.90.


Be Aware

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


Home Invest Belgium NV Cyclically Adjusted Book per Share Related Terms

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


Home Invest Belgium NV Business Description

Industry
Traded in Other Exchanges
Address
Boulevard de la Woluwe 46, Box 11, Brussels, BEL, 1200
Home Invest Belgium NV is a Belgium-based real estate company. It specializes in residential property for the letting market and offers premises and professional management to its tenants. The company is distinguished into four geographical segments: The Brussels Region, the Flemish Region, the Walloon Region, and the Netherlands. It derives the majority of its income from the Brussels Region.

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