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IVT (InvenTrust Properties) Cyclically Adjusted Book per Share : $30.09 (As of Sep. 2024)


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What is InvenTrust Properties 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.

InvenTrust Properties's adjusted book value per share for the three months ended in Sep. 2024 was $22.756. 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 $30.09 for the trailing ten years ended in Sep. 2024.

During the past 12 months, InvenTrust Properties's average Cyclically Adjusted Book Growth Rate was -9.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.90% 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 InvenTrust Properties was -4.80% per year. The lowest was -5.90% per year. And the median was -5.35% per year.

As of today (2024-12-12), InvenTrust Properties's current stock price is $30.89. InvenTrust Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $30.09. InvenTrust Properties's Cyclically Adjusted PB Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of InvenTrust Properties was 1.04. The lowest was 0.03. And the median was 0.68.


InvenTrust Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for InvenTrust Properties'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.

InvenTrust Properties Cyclically Adjusted Book per Share Chart

InvenTrust Properties 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 40.27 38.45 36.51 34.74 32.01

InvenTrust Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.08 32.01 31.60 30.87 30.09

Competitive Comparison of InvenTrust Properties's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, InvenTrust Properties'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.


InvenTrust Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



InvenTrust Properties 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, InvenTrust Properties's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=22.756/133.0289*133.0289
=22.756

Current CPI (Sep. 2024) = 133.0289.

InvenTrust Properties Quarterly Data

Book Value per Share CPI Adj_Book
201412 46.332 99.070 62.214
201503 26.708 99.621 35.664
201506 26.703 100.684 35.281
201509 24.963 100.392 33.079
201512 24.921 99.792 33.221
201603 24.904 100.470 32.974
201606 24.887 101.688 32.557
201609 25.067 101.861 32.737
201612 25.210 101.863 32.923
201703 24.646 102.862 31.874
201706 24.745 103.349 31.851
201709 24.924 104.136 31.839
201712 24.612 104.011 31.478
201803 25.055 105.290 31.656
201806 25.182 106.317 31.509
201809 25.376 106.507 31.695
201812 25.424 105.998 31.907
201903 25.108 107.251 31.143
201906 24.848 108.070 30.587
201909 24.988 108.329 30.685
201912 25.244 108.420 30.974
202003 24.806 108.902 30.302
202006 24.474 108.767 29.933
202009 24.334 109.815 29.478
202012 24.151 109.897 29.235
202103 24.032 111.754 28.607
202106 23.894 114.631 27.729
202109 23.783 115.734 27.337
202112 23.336 117.630 26.391
202203 23.508 121.301 25.781
202206 24.018 125.017 25.557
202209 24.007 125.227 25.503
202212 23.771 125.222 25.253
202303 23.499 127.348 24.547
202306 23.440 128.729 24.223
202309 23.271 129.860 23.839
202312 22.918 129.419 23.557
202403 22.808 131.776 23.025
202406 22.610 132.554 22.691
202409 22.756 133.029 22.756

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


InvenTrust Properties  (NYSE:IVT) 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.

InvenTrust Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.89/30.09
=1.03

* 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 InvenTrust Properties was 1.04. The lowest was 0.03. And the median was 0.68.


Be Aware

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


InvenTrust Properties Cyclically Adjusted Book per Share Related Terms

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


InvenTrust Properties Business Description

Industry
Traded in Other Exchanges
N/A
Address
3025 Highland Parkway, Suite 350, Downers Grove, IL, USA, 60515
InvenTrust Properties Corp is the United States of America based company qualified as a REIT (Real Estate Investment Trust). It is focused on owning, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. The company's wholly-owned and managed retail properties include grocery-anchored community and neighborhood centers and power centers, including those classified as necessity-based. InvenTrust operates through a single segment i.e. multi-tenant retail.
Executives
Michael Douglas Phillips officer: S.V.P., C.A.O. & Controller 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Smita Shah director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
David Bryson officer: SVP, Chief Accounting Officer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Daniel Busch officer: E.V.P., C.F.O. & Treasurer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Amanda Elizabeth Black director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Christy Lynn David officer: EVP, General Counsel & Sec. 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Ivy Zoe Greaner officer: Chief Operating Officer 3025 HIGHLAND PARKWAY, DOWNERS GROVE IL 60515
Stuart Aitken director C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Adam M Jaworski officer: SVP/Chief Accounting Officer 2809 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott A. Nelson director 2809 BUTTERFIELD ROAD, SUITE 200, OAK BROOK IL 60523
Michael A Stein director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Julian E Whitehurst director
Anna N Fitzgerald officer: See Remarks 191 N WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
David F Collins officer: See Remarks 2809 BUTTERFIELD ROAD, SUITE 360, OAK BROOK IL 60523
Michael E. Podboy officer: See Remarks 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523