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CBRE Group (FRA:RF6) Cyclically Adjusted Book per Share : €19.16 (As of Mar. 2025)


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What is CBRE Group 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.

CBRE Group's adjusted book value per share for the three months ended in Mar. 2025 was €25.572. 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 €19.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, CBRE Group's average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 20.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 18.60% 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 CBRE Group was 24.60% per year. The lowest was 5.40% per year. And the median was 17.10% per year.

As of today (2025-05-25), CBRE Group's current stock price is €105.00. CBRE Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €19.16. CBRE Group's Cyclically Adjusted PB Ratio of today is 5.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CBRE Group was 8.87. The lowest was 3.75. And the median was 6.55.


CBRE Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for CBRE Group'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.

CBRE Group Cyclically Adjusted Book per Share Chart

CBRE Group 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 8.11 11.17 14.51 16.30 19.52

CBRE Group 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 17.27 17.90 17.68 19.52 19.16

Competitive Comparison of CBRE Group's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, CBRE Group'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.


CBRE Group's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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


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CBRE Group 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, CBRE Group'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)
=25.572/134.9266*134.9266
=25.572

Current CPI (Mar. 2025) = 134.9266.

CBRE Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.579 100.684 8.817
201509 6.788 100.392 9.123
201512 7.451 99.792 10.074
201603 7.546 100.470 10.134
201606 7.572 101.688 10.047
201609 7.754 101.861 10.271
201612 8.473 101.863 11.223
201703 8.888 102.862 11.659
201706 9.322 103.349 12.170
201709 9.381 104.136 12.155
201712 10.242 104.011 13.286
201803 10.402 105.290 13.330
201806 11.219 106.317 14.238
201809 11.849 106.507 15.011
201812 12.885 105.998 16.402
201903 13.394 107.251 16.850
201906 14.069 108.070 17.565
201909 14.906 108.329 18.566
201912 16.757 108.420 20.854
202003 16.551 108.902 20.506
202006 16.539 108.767 20.517
202009 16.586 109.815 20.379
202012 17.339 109.897 21.288
202103 18.080 111.754 21.829
202106 18.987 114.631 22.349
202109 20.225 115.734 23.579
202112 22.673 117.630 26.007
202203 23.337 121.301 25.958
202206 23.894 125.017 25.788
202209 25.280 125.227 27.238
202212 23.836 125.222 25.683
202303 23.621 127.348 25.027
202306 24.043 128.729 25.201
202309 23.626 129.860 24.548
202312 24.864 129.419 25.922
202403 24.760 131.776 25.352
202406 25.329 132.554 25.782
202409 25.592 133.029 25.957
202412 26.593 133.157 26.946
202503 25.572 134.927 25.572

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


CBRE Group  (FRA:RF6) 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.

CBRE Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=105.00/19.16
=5.48

* 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 CBRE Group was 8.87. The lowest was 3.75. And the median was 6.55.


Be Aware

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


CBRE Group Cyclically Adjusted Book per Share Related Terms

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


CBRE Group Business Description

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Address
2121 North Pearl Street, Suite 300, Dallas, TX, USA, 75201
CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

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