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German High Street Properties AS (OCSE:GERHSP) Cyclically Adjusted Book per Share : kr150.64 (As of Dec. 2024)


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What is German High Street Properties AS 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.

German High Street Properties AS's adjusted book value per share for the three months ended in Dec. 2024 was kr128.556. 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 kr150.64 for the trailing ten years ended in Dec. 2024.

During the past 12 months, German High Street Properties AS's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 German High Street Properties AS was 8.60% per year. The lowest was 4.80% per year. And the median was 7.95% per year.

As of today (2025-05-22), German High Street Properties AS's current stock price is kr72.00. German High Street Properties AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was kr150.64. German High Street Properties AS's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of German High Street Properties AS was 1.33. The lowest was 0.45. And the median was 1.01.


German High Street Properties AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for German High Street Properties AS'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.

German High Street Properties AS Cyclically Adjusted Book per Share Chart

German High Street Properties AS 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 113.26 121.95 139.32 144.99 150.64

German High Street Properties AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 144.99 147.99 148.94 150.09 150.64

Competitive Comparison of German High Street Properties AS's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, German High Street Properties AS'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.


German High Street Properties AS's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, German High Street Properties AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where German High Street Properties AS's Cyclically Adjusted PB Ratio falls into.


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German High Street Properties AS 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, German High Street Properties AS's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=128.556/118.9000*118.9000
=128.556

Current CPI (Dec. 2024) = 118.9000.

German High Street Properties AS Quarterly Data

Book Value per Share CPI Adj_Book
201503 90.484 100.200 107.371
201506 89.945 100.300 106.625
201509 90.931 100.200 107.901
201512 100.265 99.800 119.454
201603 101.414 100.200 120.341
201606 106.098 100.600 125.398
201609 111.355 100.200 132.137
201612 124.488 100.300 147.574
201703 136.794 101.200 160.719
201706 146.053 101.200 171.598
201709 147.083 101.800 171.789
201712 147.226 101.300 172.805
201803 148.414 101.700 173.514
201806 149.801 102.300 174.109
201809 146.252 102.400 169.818
201812 145.553 102.100 169.503
201903 151.341 102.900 174.873
201906 147.450 102.900 170.377
201909 148.986 102.900 172.152
201912 152.205 102.900 175.871
202003 133.607 103.300 153.784
202006 134.392 103.200 154.837
202009 135.419 103.500 155.568
202012 141.629 103.400 162.860
202103 143.732 104.300 163.852
202106 145.488 105.000 164.748
202109 140.933 105.800 158.383
202112 149.579 106.600 166.838
202203 151.679 109.900 164.100
202206 151.743 113.600 158.823
202209 149.321 116.400 152.528
202212 143.972 115.900 147.699
202303 144.292 117.300 146.260
202306 144.421 116.400 147.523
202309 138.836 117.400 140.610
202312 136.044 116.700 138.609
202403 135.357 118.400 135.929
202406 132.844 118.500 133.292
202409 126.718 118.900 126.718
202412 128.556 118.900 128.556

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


German High Street Properties AS  (OCSE:GERHSP) 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.

German High Street Properties AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.00/150.64
=0.48

* 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 German High Street Properties AS was 1.33. The lowest was 0.45. And the median was 1.01.


Be Aware

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


German High Street Properties AS Cyclically Adjusted Book per Share Related Terms

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


German High Street Properties AS Business Description

Traded in Other Exchanges
N/A
Address
Mosehojvej 17, Charlottenlund, Copenhagen, DNK, 2920
German High Street Properties AS invests in high-street properties and real estate properties. It invests in well-established properties in cities such as Scandinavia, Germany, Switzerland, and England. Its activities are managed, reported, and presented in German properties and Administration.

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