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Hufvudstaden AB (FRA:HFVA) Cyclically Adjusted Book per Share : €14.24 (As of Mar. 2025)


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What is Hufvudstaden AB 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.

Hufvudstaden AB's adjusted book value per share for the three months ended in Mar. 2025 was €12.689. 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 €14.24 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Hufvudstaden AB's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% 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 Hufvudstaden AB was 13.30% per year. The lowest was 9.80% per year. And the median was 10.60% per year.

As of today (2025-05-31), Hufvudstaden AB's current stock price is €10.75. Hufvudstaden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €14.24. Hufvudstaden AB's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hufvudstaden AB was 2.18. The lowest was 0.71. And the median was 1.22.


Hufvudstaden AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hufvudstaden AB'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.

Hufvudstaden AB Cyclically Adjusted Book per Share Chart

Hufvudstaden AB 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 10.45 11.25 12.62 13.64 13.33

Hufvudstaden AB 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 12.97 13.26 13.51 13.33 14.24

Competitive Comparison of Hufvudstaden AB's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Hufvudstaden AB'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.


Hufvudstaden AB's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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


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Hufvudstaden AB 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, Hufvudstaden AB'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)
=12.689/132.8245*132.8245
=12.689

Current CPI (Mar. 2025) = 132.8245.

Hufvudstaden AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.051 99.995 12.023
201509 9.273 100.228 12.289
201512 10.253 100.276 13.581
201603 10.266 100.751 13.534
201606 10.691 101.019 14.057
201609 10.877 101.138 14.285
201612 11.505 102.022 14.979
201703 11.613 102.022 15.119
201706 11.929 102.752 15.420
201709 12.441 103.279 16.000
201712 12.399 103.793 15.867
201803 12.105 103.962 15.466
201806 12.852 104.875 16.277
201809 12.929 105.679 16.250
201812 13.685 105.912 17.162
201903 13.267 105.886 16.642
201906 13.552 106.742 16.864
201909 13.730 107.214 17.010
201912 14.517 107.766 17.893
202003 13.407 106.563 16.711
202006 13.639 107.498 16.852
202009 13.779 107.635 17.004
202012 13.903 108.296 17.052
202103 13.669 108.360 16.755
202106 14.111 108.928 17.207
202109 14.281 110.338 17.191
202112 14.951 112.486 17.654
202203 14.508 114.825 16.782
202206 14.583 118.384 16.362
202209 14.457 122.296 15.702
202212 14.056 126.365 14.774
202303 13.316 127.042 13.922
202306 12.431 129.407 12.759
202309 12.172 130.224 12.415
202312 12.721 131.912 12.809
202403 12.163 132.205 12.220
202406 12.212 132.716 12.222
202409 12.205 132.304 12.253
202412 12.293 132.987 12.278
202503 12.689 132.825 12.689

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


Hufvudstaden AB  (FRA:HFVA) 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.

Hufvudstaden AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.75/14.24
=0.75

* 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 Hufvudstaden AB was 2.18. The lowest was 0.71. And the median was 1.22.


Be Aware

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


Hufvudstaden AB Cyclically Adjusted Book per Share Related Terms

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


Hufvudstaden AB Business Description

Industry
Traded in Other Exchanges
Address
Regeringsgatan 38, Stockholm, SWE, SE-111 77
Hufvudstaden AB A manages and develops commercial properties in Sweden. The company focuses on retail and office properties in the Stockholm and Gothenburg area. Its two main segments include property management and parking operations. It rents out centrally located residential and commercial properties such as shops, offices, hotels, cinemas, restaurants, warehouses, garages, and apartments. It also owns Nordiska Kompaniet, a department store in Stockholm and Sweden. The company operates through three divisions: Stockholm business area, Gothenburg business area, and Noridska Kompaniet business area. The Stockholm business area contributes the largest proportion of revenue.

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