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Fabege AB (FRA:WILC) Cyclically Adjusted Book per Share : €10.36 (As of Jun. 2024)


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What is Fabege 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.

Fabege AB's adjusted book value per share for the three months ended in Jun. 2024 was €10.700. 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 €10.36 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Fabege AB's average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.80% 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 Fabege AB was 19.70% per year. The lowest was 15.80% per year. And the median was 18.70% per year.

As of today (2024-09-25), Fabege AB's current stock price is €8.80. Fabege AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €10.36. Fabege AB's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fabege AB was 3.04. The lowest was 0.69. And the median was 1.79.


Fabege AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fabege 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.

Fabege AB Cyclically Adjusted Book per Share Chart

Fabege AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.73 6.94 7.86 9.34 10.47

Fabege AB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 9.15 9.58 10.47 10.21 10.36

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

For the Real Estate Services subindustry, Fabege 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.


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

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

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



Fabege 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, Fabege AB's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=10.7/132.7160*132.7160
=10.700

Current CPI (Jun. 2024) = 132.7160.

Fabege AB Quarterly Data

Book Value per Share CPI Adj_Book
201409 4.239 100.161 5.617
201412 4.430 100.225 5.866
201503 4.561 99.950 6.056
201506 4.817 99.995 6.393
201509 4.926 100.228 6.523
201512 5.384 100.276 7.126
201603 5.907 100.751 7.781
201606 6.036 101.019 7.930
201609 6.392 101.138 8.388
201612 7.160 102.022 9.314
201703 7.381 102.022 9.602
201706 7.564 102.752 9.770
201709 8.422 103.279 10.822
201712 8.510 103.793 10.881
201803 9.090 103.962 11.604
201806 9.523 104.875 12.051
201809 9.695 105.679 12.175
201812 10.274 105.912 12.874
201903 10.379 105.886 13.009
201906 10.466 106.742 13.013
201909 10.626 107.214 13.154
201912 11.536 107.766 14.207
202003 11.557 106.563 14.393
202006 11.985 107.498 14.797
202009 11.909 107.635 14.684
202012 12.517 108.296 15.340
202103 12.437 108.360 15.233
202106 12.866 108.928 15.676
202109 13.134 110.338 15.798
202112 13.688 112.486 16.150
202203 13.793 114.825 15.942
202206 14.189 118.384 15.907
202209 14.194 122.296 15.403
202212 13.161 126.365 13.822
202303 12.236 127.042 12.783
202306 11.504 129.407 11.798
202309 11.079 130.224 11.291
202312 11.152 131.912 11.220
202403 10.827 132.205 10.869
202406 10.700 132.716 10.700

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


Fabege AB  (FRA:WILC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.80/10.36
=0.85

* 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 Fabege AB was 3.04. The lowest was 0.69. And the median was 1.79.


Be Aware

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


Fabege AB Cyclically Adjusted Book per Share Related Terms

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


Fabege AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fabege AB (FRA:WILC) » Definitions » Cyclically Adjusted Book per Share
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Address
Gardsvagen 6, Box 730, Solna, Stockholm, SWE, SE-169 27
Fabege AB is a real estate company that focuses on commercial properties. Fabege works to develop modern offices, housing, and a broad range of services with strategic partners. The company reports three core segments: Property management, which rents properties to long-term tenants; Property development, which improves and redesigns properties according to tenant requirements; and Business Development/Transactions, which includes the acquisition and sale of properties. The majority is from the Property Management segment. Fabege generates all its revenue in Stockholm, Solna, and surrounding areas in Sweden.