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FIBRA Macquarie (MEX:FIBRAMQ12) Cyclically Adjusted Book per Share : MXN43.14 (As of Mar. 2024)


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What is FIBRA Macquarie 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.

FIBRA Macquarie's adjusted book value per share for the three months ended in Mar. 2024 was MXN45.349. 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 MXN43.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FIBRA Macquarie's average Cyclically Adjusted Book Growth Rate was 6.70% 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.

As of today (2024-06-25), FIBRA Macquarie's current stock price is MXN30.99. FIBRA Macquarie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN43.14. FIBRA Macquarie's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of FIBRA Macquarie was 0.80. The lowest was 0.60. And the median was 0.72.


FIBRA Macquarie Cyclically Adjusted Book per Share Historical Data

The historical data trend for FIBRA Macquarie'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.

FIBRA Macquarie Cyclically Adjusted Book per Share Chart

FIBRA Macquarie 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 - - - 39.65 42.33

FIBRA Macquarie 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 40.42 40.54 41.36 42.33 43.14

Competitive Comparison of FIBRA Macquarie's Cyclically Adjusted Book per Share

For the REIT - Industrial subindustry, FIBRA Macquarie'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.


FIBRA Macquarie's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



FIBRA Macquarie 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, FIBRA Macquarie'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)
=45.349/152.9470*152.9470
=45.349

Current CPI (Mar. 2024) = 152.9470.

FIBRA Macquarie Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.933 96.609 34.723
201409 22.744 97.652 35.623
201412 24.540 99.469 37.734
201503 24.880 99.973 38.064
201506 25.283 99.382 38.910
201509 27.049 100.112 41.325
201512 27.679 101.588 41.672
201603 27.933 102.573 41.651
201606 29.488 101.905 44.258
201609 30.199 103.084 44.807
201612 31.817 105.002 46.345
201703 29.880 108.063 42.291
201706 29.378 108.339 41.474
201709 30.088 109.628 41.977
201712 32.655 112.114 44.548
201803 31.667 113.505 42.671
201806 33.843 113.373 45.656
201809 32.834 115.130 43.619
201812 34.037 117.530 44.294
201903 33.979 118.050 44.024
201906 33.430 117.848 43.387
201909 33.958 118.581 43.799
201912 33.108 120.854 41.900
202003 38.821 121.885 48.714
202006 36.627 121.777 46.002
202009 36.237 123.341 44.935
202012 33.394 124.661 40.971
202103 34.772 127.574 41.688
202106 34.457 128.936 40.874
202109 35.789 130.742 41.867
202112 41.356 133.830 47.264
202203 41.092 137.082 45.848
202206 42.866 139.233 47.088
202209 43.684 142.116 47.013
202212 43.043 144.291 45.625
202303 40.684 146.472 42.483
202306 41.945 146.272 43.859
202309 44.173 148.446 45.512
202312 45.198 151.017 45.776
202403 45.349 152.947 45.349

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


FIBRA Macquarie  (MEX:FIBRAMQ12) 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.

FIBRA Macquarie's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.99/43.14
=0.72

* 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 12 years, the highest Cyclically Adjusted PB Ratio of FIBRA Macquarie was 0.80. The lowest was 0.60. And the median was 0.72.


Be Aware

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


FIBRA Macquarie Cyclically Adjusted Book per Share Related Terms

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


FIBRA Macquarie (MEX:FIBRAMQ12) Business Description

Industry
Traded in Other Exchanges
Address
Calzada Mariano Escobedo 595, Polanco Quinta Sección, Alcaldía Miguel Hidalgo, Mexico City, HGO, MEX, 11560
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. The company's real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of FIBRA Macquarie's total number of properties, total square footage, and total revenue. Most of these industrial locations are used as manufacturing facilities and are located in Northern Mexico. FIBRA Macquarie derives nearly all of its revenue in the form of rental income from tenants. The company's major customers are automotive, electronics, and consumer products, manufacturers, and others.

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