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Freehold Royalties (LTS:0UWL) Cyclically Adjusted Book per Share : C$7.61 (As of Mar. 2025)


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What is Freehold Royalties 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.

Freehold Royalties's adjusted book value per share for the three months ended in Mar. 2025 was C$6.657. 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 C$7.61 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Freehold Royalties's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.00% 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 Freehold Royalties was 5.20% per year. The lowest was -4.90% per year. And the median was -0.45% per year.

As of today (2025-05-27), Freehold Royalties's current stock price is C$12.37. Freehold Royalties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$7.61. Freehold Royalties's Cyclically Adjusted PB Ratio of today is 1.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Freehold Royalties was 2.99. The lowest was 0.41. And the median was 1.88.


Freehold Royalties Cyclically Adjusted Book per Share Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Cyclically Adjusted Book per Share Chart

Freehold Royalties 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 6.44 6.36 6.86 7.38 7.47

Freehold Royalties 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 7.26 7.64 7.42 7.47 7.61

Competitive Comparison of Freehold Royalties's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


Freehold Royalties's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Freehold Royalties's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Freehold Royalties 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, Freehold Royalties'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)
=6.657/129.1809*129.1809
=6.657

Current CPI (Mar. 2025) = 129.1809.

Freehold Royalties Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.236 100.500 10.586
201509 7.775 100.421 10.002
201512 7.506 99.947 9.701
201603 7.245 101.054 9.262
201606 7.734 102.002 9.795
201609 7.604 101.765 9.653
201612 7.503 101.449 9.554
201703 7.433 102.634 9.356
201706 7.397 103.029 9.275
201709 7.251 103.345 9.064
201712 7.036 103.345 8.795
201803 6.927 105.004 8.522
201806 6.818 105.557 8.344
201809 6.734 105.636 8.235
201812 6.542 105.399 8.018
201903 6.330 106.979 7.644
201906 6.203 107.690 7.441
201909 6.069 107.611 7.285
201912 5.964 107.769 7.149
202003 5.735 107.927 6.864
202006 5.643 108.401 6.725
202009 5.598 108.164 6.686
202012 5.551 108.559 6.605
202103 5.443 110.298 6.375
202106 5.429 111.720 6.278
202109 5.879 112.905 6.726
202112 5.916 113.774 6.717
202203 5.960 117.646 6.544
202206 6.159 120.806 6.586
202209 6.381 120.648 6.832
202212 6.374 120.964 6.807
202303 6.309 122.702 6.642
202306 6.169 124.203 6.416
202309 6.211 125.230 6.407
202312 6.130 125.072 6.331
202403 6.127 126.258 6.269
202406 6.134 127.522 6.214
202409 6.003 127.285 6.092
202412 6.706 127.364 6.802
202503 6.657 129.181 6.657

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


Freehold Royalties  (LTS:0UWL) 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.

Freehold Royalties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.37/7.61
=1.63

* 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 Freehold Royalties was 2.99. The lowest was 0.41. And the median was 1.88.


Be Aware

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


Freehold Royalties Cyclically Adjusted Book per Share Related Terms

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


Freehold Royalties Business Description

Industry
Traded in Other Exchanges
Address
517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins primarily located in the states of Texas, New Mexico, and North Dakota. The maximum revenue is generated from the Canada Segment.

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