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Lamda Development (LTS:0NCY) Cyclically Adjusted Book per Share : €4.86 (As of Mar. 2024)


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What is Lamda Development 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.

Lamda Development's adjusted book value per share for the three months ended in Mar. 2024 was €6.765. 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 €4.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lamda Development's average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 3 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 Lamda Development was 5.10% per year. The lowest was 5.10% per year. And the median was 5.10% per year.

As of today (2024-06-19), Lamda Development's current stock price is €5.70. Lamda Development's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.86. Lamda Development's Cyclically Adjusted PB Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lamda Development was 1.75. The lowest was 0.99. And the median was 1.19.


Lamda Development Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lamda Development'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.

Lamda Development Cyclically Adjusted Book per Share Chart

Lamda Development 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 - 3.93 4.09 5.28 4.80

Lamda Development 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 5.38 4.75 5.27 4.80 4.86

Competitive Comparison of Lamda Development's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Lamda Development'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.


Lamda Development's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Lamda Development 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, Lamda Development'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)
=6.765/117.2848*117.2848
=6.765

Current CPI (Mar. 2024) = 117.2848.

Lamda Development Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.063 103.060 3.486
201409 4.824 102.624 5.513
201412 4.605 100.254 5.387
201503 4.628 100.549 5.398
201506 4.444 100.838 5.169
201509 4.389 100.856 5.104
201512 4.356 100.087 5.105
201603 4.379 99.041 5.186
201606 4.379 100.121 5.130
201609 4.363 99.878 5.123
201612 4.324 100.110 5.066
201703 4.346 100.770 5.058
201706 0.000 101.138 0.000
201709 4.104 100.882 4.771
201712 3.783 100.762 4.403
201803 3.810 100.534 4.445
201806 4.088 102.121 4.695
201809 4.106 101.982 4.722
201812 4.294 101.330 4.970
201903 4.329 101.482 5.003
201906 2.109 101.837 2.429
201909 2.070 101.906 2.382
201912 5.983 102.120 6.871
202003 5.988 101.479 6.921
202006 5.955 100.239 6.968
202009 5.878 99.886 6.902
202012 5.698 99.751 6.700
202103 5.664 99.817 6.655
202106 6.983 101.270 8.087
202109 6.930 102.095 7.961
202112 6.823 104.853 7.632
202203 6.756 108.651 7.293
202206 6.658 113.517 6.879
202209 6.469 114.371 6.634
202212 6.617 112.428 6.903
202303 6.495 113.620 6.705
202306 6.756 115.515 6.859
202309 6.594 116.234 6.654
202312 6.781 116.364 6.835
202403 6.765 117.285 6.765

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


Lamda Development  (LTS:0NCY) 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.

Lamda Development's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.70/4.86
=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 Lamda Development was 1.75. The lowest was 0.99. And the median was 1.19.


Be Aware

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


Lamda Development Cyclically Adjusted Book per Share Related Terms

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


Lamda Development (LTS:0NCY) Business Description

Industry
Traded in Other Exchanges
Address
37A Kifissias Avenue (Inside Golden Hall), Maroussi, GRC, 15123
Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.

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