GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Getty Realty Corp (NYSE:GTY) » Definitions » Cyclically Adjusted Book per Share

GTY (Getty Realty) Cyclically Adjusted Book per Share : $17.29 (As of Dec. 2024)


View and export this data going back to 1985. Start your Free Trial

What is Getty Realty 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.

Getty Realty's adjusted book value per share for the three months ended in Dec. 2024 was $17.484. 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 $17.29 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Getty Realty's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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 Getty Realty was 6.70% per year. The lowest was -5.00% per year. And the median was 2.90% per year.

As of today (2025-04-13), Getty Realty's current stock price is $28.08. Getty Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $17.29. Getty Realty's Cyclically Adjusted PB Ratio of today is 1.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Getty Realty was 2.70. The lowest was 1.38. And the median was 2.06.


Getty Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for Getty Realty'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.

Getty Realty Cyclically Adjusted Book per Share Chart

Getty Realty 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 13.77 14.87 16.00 16.71 17.29

Getty Realty 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 16.71 17.04 17.17 17.25 17.29

Competitive Comparison of Getty Realty's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Getty Realty'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.


Getty Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


;
;

Getty Realty 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, Getty Realty'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)
=17.484/133.1571*133.1571
=17.484

Current CPI (Dec. 2024) = 133.1571.

Getty Realty Quarterly Data

Book Value per Share CPI Adj_Book
201503 11.931 99.621 15.947
201506 12.063 100.684 15.954
201509 12.036 100.392 15.964
201512 12.164 99.792 16.231
201603 12.176 100.470 16.137
201606 12.333 101.688 16.150
201609 12.395 101.861 16.203
201612 12.529 101.863 16.378
201703 12.561 102.862 16.260
201706 12.747 103.349 16.423
201709 13.869 104.136 17.734
201712 13.948 104.011 17.857
201803 13.889 105.290 17.565
201806 14.075 106.317 17.628
201809 14.121 106.507 17.654
201812 14.225 105.998 17.870
201903 14.144 107.251 17.561
201906 14.219 108.070 17.520
201909 14.201 108.329 17.456
201912 14.249 108.420 17.500
202003 14.169 108.902 17.325
202006 14.224 108.767 17.414
202009 14.462 109.815 17.536
202012 15.126 109.897 18.328
202103 15.339 111.754 18.277
202106 15.340 114.631 17.819
202109 15.488 115.734 17.820
202112 15.950 117.630 18.055
202203 15.938 121.301 17.496
202206 16.200 125.017 17.255
202209 16.090 125.227 17.109
202212 16.259 125.222 17.289
202303 16.895 127.348 17.666
202306 17.031 128.729 17.617
202309 17.569 129.860 18.015
202312 17.711 129.419 18.223
202403 17.606 131.776 17.790
202406 17.552 132.554 17.632
202409 17.511 133.029 17.528
202412 17.484 133.157 17.484

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


Getty Realty  (NYSE:GTY) 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.

Getty Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.08/17.29
=1.62

* 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 Getty Realty was 2.70. The lowest was 1.38. And the median was 2.06.


Be Aware

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


Getty Realty Cyclically Adjusted Book per Share Related Terms

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


Getty Realty Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Getty Realty Corp (NYSE:GTY) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
292 Madison Avenue, 9th Floor, New York, NY, USA, 10017-6318
Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.
Executives
Evelyn Leon Infurna director 292 MADISON AVE., 9TH FLOOR, NEW YORK NY 10017-6318
Brian Robert Dickman officer: EVP, CFO and Treasurer 411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Leo Liebowitz director, 10 percent owner, officer: Pres. & CEO 2 JERICHO PLAZA, JERICHO NY 11753
Coviello Philip E Jr director GETTY REALTY CORP, 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Mary Louise Malanoski director 44 BARROW STREET, NEW YORK NY 10014
Richard E Montag director C/O GETTY REALTY CORP., 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Mark James Olear officer: Exec VP & Chief Operating Ofc C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753
Danion Fielding officer: VP, CFO & Treasurer TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753
Eugene Shnayderman officer: See Remarks TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753
Christopher J Constant director, officer: President & CEO 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Joshua Dicker officer: Ex VP, Gen Counsel & Secretary C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753
Milton Cooper director C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042
James Russell Craig officer: Vice President 125 JERICHO TPKE, SUITE 103, JERICHO NY 11753
David B Driscoll director C/O MORGAN JOSEPH & CO., INC., 600 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10020-2302
Warren Wintrub director