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Vastned NV (LTS:0ET5) Cyclically Adjusted Book per Share : €57.40 (As of Dec. 2024)


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What is Vastned NV 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.

Vastned NV's adjusted book value per share for the three months ended in Dec. 2024 was €43.153. 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 €57.40 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Vastned NV's average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 Vastned NV was 4.20% per year. The lowest was 1.90% per year. And the median was 2.20% per year.

As of today (2025-05-29), Vastned NV's current stock price is €31.20. Vastned NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €57.40. Vastned NV's Cyclically Adjusted PB Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vastned NV was 1.17. The lowest was 0.37. And the median was 0.56.


Vastned NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vastned NV'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.

Vastned NV Cyclically Adjusted Book per Share Chart

Vastned NV 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 52.93 57.87 60.73 51.28 57.40

Vastned NV 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 51.28 54.31 57.75 54.58 57.40

Competitive Comparison of Vastned NV's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Vastned NV'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.


Vastned NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Vastned NV 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, Vastned NV'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)
=43.153/132.3456*132.3456
=43.153

Current CPI (Dec. 2024) = 132.3456.

Vastned NV Quarterly Data

Book Value per Share CPI Adj_Book
201503 49.242 99.423 65.548
201506 47.272 100.107 62.496
201509 47.704 100.245 62.980
201512 48.138 100.572 63.346
201603 48.820 101.653 63.561
201606 47.161 102.267 61.032
201609 48.575 102.118 62.953
201612 49.671 102.614 64.063
201703 50.290 103.972 64.014
201706 51.303 103.902 65.347
201709 52.732 104.170 66.995
201712 54.048 104.804 68.251
201803 54.755 105.419 68.741
201806 52.677 106.063 65.731
201809 52.857 106.618 65.612
201812 52.853 107.252 65.219
201903 51.929 107.876 63.708
201906 49.696 107.896 60.957
201909 50.302 107.470 61.945
201912 50.854 108.065 62.280
202003 50.440 108.550 61.497
202006 46.199 108.540 56.331
202009 46.376 108.441 56.599
202012 46.275 108.511 56.440
202103 45.926 109.522 55.497
202106 44.154 110.305 52.977
202109 44.571 111.543 52.883
202112 45.031 114.705 51.956
202203 45.841 118.620 51.146
202206 44.452 120.948 48.641
202209 45.165 124.120 48.158
202212 45.685 126.578 47.767
202303 46.370 126.528 48.502
202306 44.854 125.973 47.123
202309 45.271 127.083 47.146
202312 45.657 128.292 47.100
202403 46.497 130.552 47.136
202406 45.066 130.691 45.637
202409 45.021 130.968 45.495
202412 43.153 132.346 43.153

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


Vastned NV  (LTS:0ET5) 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.

Vastned NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.20/57.40
=0.54

* 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 Vastned NV was 1.17. The lowest was 0.37. And the median was 0.56.


Be Aware

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


Vastned NV Cyclically Adjusted Book per Share Related Terms

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


Vastned NV Business Description

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Generaal Lemanstraat 61, Antwerp, BEL, 2018
Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.

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