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BRT Apartments (FRA:WWA) Cyclically Adjusted Book per Share : €12.55 (As of Mar. 2024)


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What is BRT Apartments 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.

BRT Apartments's adjusted book value per share for the three months ended in Mar. 2024 was €11.521. 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 €12.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BRT Apartments's average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.40% 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 BRT Apartments was 10.10% per year. The lowest was -8.20% per year. And the median was 1.20% per year.

As of today (2024-05-17), BRT Apartments's current stock price is €16.16. BRT Apartments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.55. BRT Apartments's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BRT Apartments was 1.95. The lowest was 0.42. And the median was 1.07.


BRT Apartments Cyclically Adjusted Book per Share Historical Data

The historical data trend for BRT Apartments'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.

BRT Apartments Cyclically Adjusted Book per Share Chart

BRT Apartments Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 9.02 6.87 12.54 12.80

BRT Apartments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.44 12.56 13.11 12.80 12.55

Competitive Comparison of BRT Apartments's Cyclically Adjusted Book per Share

For the REIT - Residential subindustry, BRT Apartments'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.


BRT Apartments's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



BRT Apartments 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, BRT Apartments's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.521/131.7762*131.7762
=11.521

Current CPI (Mar. 2024) = 131.7762.

BRT Apartments Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.208 100.560 9.446
201409 7.396 100.428 9.705
201412 7.456 99.070 9.917
201503 8.384 99.621 11.090
201506 7.897 100.684 10.336
201509 8.139 100.392 10.683
201512 8.376 99.792 11.061
201603 9.744 100.470 12.780
201606 10.002 101.688 12.961
201609 10.187 101.861 13.179
201612 12.227 101.863 15.818
201703 11.667 102.862 14.947
201706 10.874 103.349 13.865
201709 10.446 104.136 13.219
201712 10.800 104.011 13.683
201803 11.658 105.290 14.591
201806 11.800 106.317 14.626
201809 11.276 106.507 13.951
201812 11.619 105.998 14.445
201903 11.143 107.251 13.691
201906 10.670 108.070 13.011
201909 10.946 108.329 13.315
201912 11.490 108.420 13.965
202003 11.174 108.902 13.521
202006 10.553 108.767 12.785
202009 9.529 109.815 11.435
202012 8.893 109.897 10.664
202103 8.517 111.754 10.043
202106 8.694 114.631 9.994
202109 10.141 115.734 11.547
202112 10.353 117.630 11.598
202203 11.029 121.301 11.981
202206 13.263 125.017 13.980
202209 14.450 125.227 15.206
202212 13.111 125.222 13.797
202303 12.493 127.348 12.927
202306 12.659 128.729 12.959
202309 12.543 129.860 12.728
202312 11.947 129.419 12.165
202403 11.521 131.776 11.521

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


BRT Apartments  (FRA:WWA) 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.

BRT Apartments's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.16/12.55
=1.29

* 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 BRT Apartments was 1.95. The lowest was 0.42. And the median was 1.07.


Be Aware

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


BRT Apartments Cyclically Adjusted Book per Share Related Terms

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


BRT Apartments (FRA:WWA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BRT Apartments Corp (FRA:WWA) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
60 Cutter Mill Road, Suite 303, Great Neck, NY, USA, 11021
BRT Apartments Corp is a real estate investment trust company. The company is primarily focused on the ownership, operation, and development of multi-family properties. BRT also owns and operates other real estate assets. All of the Company's assets are comprised of multi-family real estate assets generally leased to tenants on a one-year basis.

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