Vonovia SE (MEX:VNA) Cyclically Adjusted Book per Share : MXN555.83 (As of Mar. 2024)

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What is Vonovia SE 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.

Vonovia SE's adjusted book value per share for the three months ended in Mar. 2024 was MXN560.021. 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 MXN555.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vonovia SE's average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Vonovia SE was 15.70% per year. The lowest was 15.70% per year. And the median was 15.70% per year.

As of today (2024-06-20), Vonovia SE's current stock price is MXN527.64. Vonovia SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN555.83. Vonovia SE's Cyclically Adjusted PB Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vonovia SE was 2.55. The lowest was 0.59. And the median was 1.33.

Vonovia SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vonovia SE'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.

Vonovia SE Cyclically Adjusted Book per Share Chart

Vonovia SE Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

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Dec23

Cyclically Adjusted Book per Share

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552.98

597.10

Vonovia SE 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															735.41	548.12	507.77	597.10	555.83

Competitive Comparison of Vonovia SE's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Vonovia SE'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.

Vonovia SE's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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

Vonovia SE Cyclically Adjusted Book per Share Calculation

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, Vonovia SE'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)
	=	560.021	/	125.0381	*	125.0381
	=	560.021

Current CPI (Mar. 2024) = 125.0381.

Vonovia SE Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	189.727	99.543	238.321
201409	187.349	99.823	234.674
201412	258.503	99.543	324.712
201503	260.483	99.717	326.629
201506	275.374	100.417	342.894
201509	343.775	100.417	428.066
201512	362.513	99.717	454.568
201603	371.565	100.017	464.520
201606	391.940	100.717	486.586
201609	411.533	101.017	509.394
201612	487.804	101.217	602.608
201703	457.286	101.417	563.793
201706	475.986	102.117	582.825
201709	521.942	102.717	635.363
201712	597.941	102.617	728.586
201803	581.717	102.917	706.751
201806	616.755	104.017	741.395
201809	591.214	104.718	705.940
201812	631.766	104.217	757.981
201903	625.641	104.217	750.632
201906	599.018	105.718	708.492
201909	595.991	106.018	702.916
201912	609.052	105.818	719.679
202003	755.938	105.718	894.090
202006	781.409	106.618	916.413
202009	805.397	105.818	951.688
202012	801.270	105.518	949.503
202103	812.014	107.518	944.333
202106	852.527	108.486	982.602
202109	898.199	109.435	1,026.266
202112	812.798	110.384	920.706
202203	777.326	113.968	852.830
202206	888.441	115.760	959.646
202209	829.656	118.818	873.090
202212	791.039	119.345	828.775
202303	690.607	122.402	705.478
202306	609.757	123.140	619.154
202309	622.125	124.195	626.350
202312	571.165	123.773	577.003
202403	560.021	125.038	560.021

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

Vonovia SE (MEX:VNA) 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.

Vonovia SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	527.64	/	555.83
	=	0.95

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vonovia SE was 2.55. The lowest was 0.59. And the median was 1.33.

Be Aware

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

Vonovia SE Cyclically Adjusted Book per Share Related Terms

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

Vonovia SE (MEX:VNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vonovia SE (MEX:VNA) » Definitions » Cyclically Adjusted Book per Share

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Traded in Other Exchanges

VONOY:USA VNNVF:USA 1VNA:Italy VNAd:UK 0QFT:UK VNA:Germany VNA:Bulgaria VNA:Austria

Address

Universitatsstrasse 133, Bochum, DEU, 44803

Website

https://www.vonovia.de

Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia's sales activities include managing its portfolio and real estate sales from any of its subportfolios.

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