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Fabege AB (LTS:0XPX) Cyclically Adjusted Book per Share : kr118.76 (As of Mar. 2024)


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What is Fabege AB 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.

Fabege AB's adjusted book value per share for the three months ended in Mar. 2024 was kr122.530. 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 kr118.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fabege AB's average Cyclically Adjusted Book Growth Rate was 11.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.80% 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 Fabege AB was 19.70% per year. The lowest was 15.80% per year. And the median was 18.70% per year.

As of today (2024-06-07), Fabege AB's current stock price is kr91.875. Fabege AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr118.76. Fabege AB's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fabege AB was 3.04. The lowest was 0.69. And the median was 1.84.


Fabege AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fabege AB'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.

Fabege AB Cyclically Adjusted Book per Share Chart

Fabege AB 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 60.28 70.13 81.42 105.13 116.92

Fabege AB 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 105.47 110.62 113.80 116.92 118.76

Competitive Comparison of Fabege AB's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Fabege AB'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.


Fabege AB's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Fabege AB 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, Fabege AB'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)
=122.53/132.2054*132.2054
=122.530

Current CPI (Mar. 2024) = 132.2054.

Fabege AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 38.146 100.432 50.214
201409 38.947 100.161 51.407
201412 41.668 100.225 54.964
201503 42.176 99.950 55.787
201506 44.682 99.995 59.075
201509 46.251 100.228 61.007
201512 49.818 100.276 65.681
201603 54.852 100.751 71.977
201606 56.321 101.019 73.708
201609 61.206 101.138 80.008
201612 69.538 102.022 90.111
201703 70.369 102.022 91.188
201706 73.752 102.752 94.892
201709 80.406 103.279 102.926
201712 84.518 103.793 107.654
201803 92.360 103.962 117.452
201806 97.913 104.875 123.430
201809 101.133 105.679 126.519
201812 105.547 105.912 131.750
201903 108.987 105.886 136.077
201906 111.260 106.742 137.802
201909 113.615 107.214 140.099
201912 120.904 107.766 148.323
202003 125.709 106.563 155.959
202006 125.663 107.498 154.546
202009 124.218 107.635 152.574
202012 127.349 108.296 155.465
202103 126.489 108.360 154.325
202106 130.159 108.928 157.974
202109 133.563 110.338 160.033
202112 140.584 112.486 165.229
202203 145.302 114.825 167.295
202206 150.511 118.384 168.084
202209 153.323 122.296 165.746
202212 144.683 126.365 151.370
202303 137.248 127.042 142.827
202306 134.225 129.407 137.128
202309 131.071 130.224 133.066
202312 124.748 131.912 125.026
202403 122.530 132.205 122.530

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


Fabege AB  (LTS:0XPX) 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.

Fabege AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=91.875/118.76
=0.77

* 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 Fabege AB was 3.04. The lowest was 0.69. And the median was 1.84.


Be Aware

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


Fabege AB Cyclically Adjusted Book per Share Related Terms

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


Fabege AB (LTS:0XPX) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fabege AB (LTS:0XPX) » Definitions » Cyclically Adjusted Book per Share
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Address
Gardsvagen 6, Box 730, Solna, Stockholm, SWE, SE-169 27
Fabege AB is a real estate company that focuses on commercial properties. Fabege works to develop modern offices, housing, and a broad range of services with strategic partners. The company reports three core segments: Property management, which rents properties to long-term tenants; Property development, which improves and redesigns properties according to tenant requirements; and Business Development/Transactions, which includes the acquisition and sale of properties. The majority is from the Property Management segment. Fabege generates all its revenue in Stockholm, Solna, and surrounding areas in Sweden.

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