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Melcor Developments (Melcor Developments) Cyclically Adjusted Book per Share : $26.69 (As of Mar. 2024)


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What is Melcor Developments 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.

Melcor Developments's adjusted book value per share for the three months ended in Mar. 2024 was $29.556. 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 $26.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Melcor Developments's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.90% 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 Melcor Developments was 19.70% per year. The lowest was 7.90% per year. And the median was 13.90% per year.

As of today (2024-06-20), Melcor Developments's current stock price is $8.53. Melcor Developments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $26.69. Melcor Developments's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Melcor Developments was 1.96. The lowest was 0.20. And the median was 0.54.


Melcor Developments Cyclically Adjusted Book per Share Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Cyclically Adjusted Book per Share Chart

Melcor Developments 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 20.45 22.95 24.73 24.03 27.53

Melcor Developments 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 25.66 26.97 26.48 27.53 26.69

Competitive Comparison of Melcor Developments's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Melcor Developments 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, Melcor Developments'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)
=29.556/126.2576*126.2576
=29.556

Current CPI (Mar. 2024) = 126.2576.

Melcor Developments Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.533 99.473 29.870
201409 23.573 99.394 29.944
201412 23.602 98.367 30.294
201503 22.000 99.789 27.835
201506 22.381 100.500 28.117
201509 21.458 100.421 26.979
201512 21.459 99.947 27.108
201603 21.817 101.054 27.258
201606 22.333 102.002 27.644
201609 22.271 101.765 27.631
201612 22.360 101.449 27.828
201703 21.965 102.634 27.021
201706 22.038 103.029 27.007
201709 23.932 103.345 29.238
201712 23.656 103.345 28.901
201803 23.683 105.004 28.477
201806 23.342 105.557 27.920
201809 23.614 105.636 28.224
201812 23.827 105.399 28.542
201903 23.846 106.979 28.143
201906 23.896 107.690 28.016
201909 24.315 107.611 28.528
201912 24.689 107.769 28.925
202003 24.987 107.927 29.231
202006 24.176 108.401 28.158
202009 24.813 108.164 28.964
202012 25.419 108.559 29.563
202103 25.443 110.298 29.125
202106 26.268 111.720 29.686
202109 25.800 112.905 28.851
202112 26.463 113.774 29.367
202203 26.706 117.646 28.661
202206 27.165 120.806 28.391
202209 27.121 120.648 28.382
202212 27.757 120.964 28.972
202303 27.501 122.702 28.298
202306 28.842 124.203 29.319
202309 29.191 125.230 29.430
202312 29.404 125.072 29.683
202403 29.556 126.258 29.556

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


Melcor Developments  (OTCPK:MODVF) 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.

Melcor Developments's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.53/26.69
=0.32

* 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 Melcor Developments was 1.96. The lowest was 0.20. And the median was 0.54.


Be Aware

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


Melcor Developments Cyclically Adjusted Book per Share Related Terms

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


Melcor Developments (Melcor Developments) Business Description

Industry
Traded in Other Exchanges
Address
10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.