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Alarko Gayrimenkul Yatirim Ortakligi AS (IST:ALGYO) Cyclically Adjusted Book per Share : ₺15.03 (As of Mar. 2025)


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What is Alarko Gayrimenkul Yatirim Ortakligi AS 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.

Alarko Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share for the three months ended in Mar. 2025 was ₺54.058. 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 ₺15.03 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Alarko Gayrimenkul Yatirim Ortakligi AS's average Cyclically Adjusted Book Growth Rate was 53.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 55.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 44.30% 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 Alarko Gayrimenkul Yatirim Ortakligi AS was 55.80% per year. The lowest was 24.80% per year. And the median was 40.20% per year.

As of today (2025-05-31), Alarko Gayrimenkul Yatirim Ortakligi AS's current stock price is ₺17.63. Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₺15.03. Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alarko Gayrimenkul Yatirim Ortakligi AS was 4.02. The lowest was 0.74. And the median was 1.77.


Alarko Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alarko Gayrimenkul Yatirim Ortakligi AS'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.

Alarko Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Chart

Alarko Gayrimenkul Yatirim Ortakligi AS 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 2.81 3.58 5.47 8.58 13.55

Alarko Gayrimenkul Yatirim Ortakligi AS 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 9.82 11.04 12.38 13.55 15.03

Competitive Comparison of Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Alarko Gayrimenkul Yatirim Ortakligi AS'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.


Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.


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Alarko Gayrimenkul Yatirim Ortakligi AS 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, Alarko Gayrimenkul Yatirim Ortakligi AS'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)
=54.058/134.9266*134.9266
=54.058

Current CPI (Mar. 2025) = 134.9266.

Alarko Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.693 100.684 2.269
201509 1.839 100.392 2.472
201512 2.230 99.792 3.015
201603 1.991 100.470 2.674
201606 2.025 101.688 2.687
201609 2.093 101.861 2.772
201612 2.678 101.863 3.547
201703 2.482 102.862 3.256
201706 2.462 103.349 3.214
201709 2.552 104.136 3.307
201712 3.173 104.011 4.116
201803 3.203 105.290 4.105
201806 3.512 106.317 4.457
201809 4.099 106.507 5.193
201812 4.129 105.998 5.256
201903 4.202 107.251 5.286
201906 4.295 108.070 5.362
201909 4.362 108.329 5.433
201912 5.464 108.420 6.800
202003 5.693 108.902 7.054
202006 5.848 108.767 7.254
202009 6.113 109.815 7.511
202012 6.701 109.897 8.227
202103 6.745 111.754 8.144
202106 6.955 114.631 8.186
202109 7.257 115.734 8.460
202112 11.348 117.630 13.017
202203 10.925 121.301 12.152
202206 11.765 125.017 12.698
202209 12.720 125.227 13.705
202212 35.086 125.222 37.805
202303 20.836 127.348 22.076
202306 22.192 128.729 23.260
202309 23.303 129.860 24.212
202312 56.417 129.419 58.818
202403 45.077 131.776 46.155
202406 48.558 132.554 49.427
202409 53.768 133.029 54.535
202412 48.401 133.157 49.044
202503 54.058 134.927 54.058

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


Alarko Gayrimenkul Yatirim Ortakligi AS  (IST:ALGYO) 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.

Alarko Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.63/15.03
=1.17

* 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 Alarko Gayrimenkul Yatirim Ortakligi AS was 4.02. The lowest was 0.74. And the median was 1.77.


Be Aware

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


Alarko Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Related Terms

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


Alarko Gayrimenkul Yatirim Ortakligi AS Business Description

Traded in Other Exchanges
N/A
Address
Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347
Alarko Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company invests in real estate projects and capital market instruments. It invests in the projects developed by the Alarko Group. It continues to operate by obtaining rental income by taking over the properties owned by the community companies.

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