/term/cyclically-adjusted-book/OHEL:OVARO Ovaro Kiinteistosijoitus Oyj (OHEL:OVARO) Cyclically Adjust
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Ovaro Kiinteistosijoitus Oyj (OHEL:OVARO) Cyclically Adjusted Book per Share : €9.75 (As of Mar. 2024)


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What is Ovaro Kiinteistosijoitus Oyj 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.

Ovaro Kiinteistosijoitus Oyj's adjusted book value per share for the three months ended in Mar. 2024 was €5.494. 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 €9.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ovaro Kiinteistosijoitus Oyj's average Cyclically Adjusted Book Growth Rate was -6.20% 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 (2024-06-20), Ovaro Kiinteistosijoitus Oyj's current stock price is €4.00. Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.75. Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted PB Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ovaro Kiinteistosijoitus Oyj was 0.43. The lowest was 0.24. And the median was 0.31.

Ovaro Kiinteistosijoitus Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ovaro Kiinteistosijoitus Oyj'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.

Ovaro Kiinteistosijoitus Oyj Cyclically Adjusted Book per Share Chart

Ovaro Kiinteistosijoitus Oyj 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 - - 10.07 10.36 9.90

Ovaro Kiinteistosijoitus Oyj 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 10.39 10.27 10.10 9.90 9.75

Competitive Comparison of Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Ovaro Kiinteistosijoitus Oyj'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.

Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted PB Ratio falls into.


Ovaro Kiinteistosijoitus Oyj 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, Ovaro Kiinteistosijoitus Oyj'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)
=5.494/122.3600*122.3600
=5.494

Current CPI (Mar. 2024) = 122.3600.

Ovaro Kiinteistosijoitus Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.101 100.147 14.785
201409 12.776 100.726 15.520
201412 13.419 100.229 16.382
201503 11.668 100.120 14.260
201506 11.566 100.030 14.148
201509 11.459 100.130 14.003
201512 10.475 99.990 12.818
201603 10.477 100.080 12.809
201606 10.188 100.390 12.418
201609 10.085 100.540 12.274
201612 10.045 101.020 12.167
201703 9.971 100.910 12.090
201706 9.947 101.140 12.034
201709 9.937 101.320 12.001
201712 9.722 101.510 11.719
201803 9.549 101.730 11.485
201806 9.593 102.320 11.472
201809 9.039 102.600 10.780
201812 8.223 102.710 9.796
201903 8.144 102.870 9.687
201906 8.030 103.360 9.506
201909 8.061 103.540 9.526
201912 7.635 103.650 9.013
202003 7.594 103.490 8.979
202006 7.373 103.320 8.732
202009 7.342 103.710 8.662
202012 6.404 103.890 7.543
202103 6.325 104.870 7.380
202106 5.893 105.360 6.844
202109 5.340 106.290 6.147
202112 5.025 107.490 5.720
202203 5.024 110.950 5.541
202206 5.115 113.570 5.511
202209 5.111 114.920 5.442
202212 5.130 117.320 5.350
202303 5.103 119.750 5.214
202306 5.491 120.690 5.567
202309 5.496 121.280 5.545
202312 5.478 121.540 5.515
202403 5.494 122.360 5.494

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

Ovaro Kiinteistosijoitus Oyj  (OHEL:OVARO) 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.

Ovaro Kiinteistosijoitus Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.00/9.75
=0.41

* 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 Ovaro Kiinteistosijoitus Oyj was 0.43. The lowest was 0.24. And the median was 0.31.

Be Aware

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

Ovaro Kiinteistosijoitus Oyj Cyclically Adjusted Book per Share Related Terms

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

Ovaro Kiinteistosijoitus Oyj (OHEL:OVARO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ovaro Kiinteistosijoitus Oyj (OHEL:OVARO) » Definitions » Cyclically Adjusted Book per Share
Comparable Companies
OHEL:INVEST OHEL:ASUNTO CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 OSTO:AKEL D SGX:9CI HKSE:01997 MIL:INW HKSE:01209 XTER:DWNI XSWX:SPSN STC:VHM TSE:3003 SAU:4250 STC:VIC TSX:FSV
Traded in Other Exchanges
N/A
Address
Mannerheimintie 113, Helsinki, FIN, 00280
Website
http://www.ovaro.fi
Ovaro Kiinteistosijoitus Oyj is a real estate investment company. It invests in Finnish rental apartments and other real estate sites. Its portfolio consists of apartments, business facilities, and parking lots.

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