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Power REIT (Power REIT) Cyclically Adjusted Book per Share : $7.91 (As of Dec. 2023)


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What is Power REIT 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.

Power REIT's adjusted book value per share for the three months ended in Dec. 2023 was $6.332. 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 $7.91 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Power REIT'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 14.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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 Power REIT was 14.70% per year. The lowest was -3.50% per year. And the median was -0.55% per year.

As of today (2024-05-15), Power REIT's current stock price is $0.54. Power REIT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.91. Power REIT's Cyclically Adjusted PB Ratio of today is 0.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Power REIT was 12.20. The lowest was 0.06. And the median was 1.24.


Power REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Power REIT'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.

Power REIT Cyclically Adjusted Book per Share Chart

Power REIT 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 5.32 5.24 6.42 7.51 7.91

Power REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.51 7.73 7.88 7.95 7.91

Competitive Comparison of Power REIT's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, Power REIT'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.


Power REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Power REIT 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, Power REIT's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.332/129.4194*129.4194
=6.332

Current CPI (Dec. 2023) = 129.4194.

Power REIT Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.245 99.695 6.809
201406 4.742 100.560 6.103
201409 4.567 100.428 5.885
201412 4.264 99.070 5.570
201503 4.217 99.621 5.478
201506 4.166 100.684 5.355
201509 4.024 100.392 5.188
201512 3.936 99.792 5.105
201603 4.008 100.470 5.163
201606 3.885 101.688 4.944
201609 3.900 101.861 4.955
201612 3.930 101.863 4.993
201703 4.025 102.862 5.064
201706 4.024 103.349 5.039
201709 4.066 104.136 5.053
201712 4.174 104.011 5.194
201803 4.275 105.290 5.255
201806 4.370 106.317 5.320
201809 4.374 106.507 5.315
201812 4.481 105.998 5.471
201903 4.579 107.251 5.525
201906 4.671 108.070 5.594
201909 4.799 108.329 5.733
201912 4.923 108.420 5.877
202003 4.949 108.902 5.881
202006 5.180 108.767 6.164
202009 5.459 109.815 6.434
202012 6.115 109.897 7.201
202103 14.950 111.754 17.313
202106 15.258 114.631 17.226
202109 15.791 115.734 17.658
202112 14.794 117.630 16.277
202203 15.075 121.301 16.084
202206 15.341 125.017 15.881
202209 15.424 125.227 15.940
202212 10.502 125.222 10.854
202303 10.421 127.348 10.591
202306 9.792 128.729 9.845
202309 6.851 129.860 6.828
202312 6.332 129.419 6.332

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


Power REIT  (AMEX:PW) 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.

Power REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.54/7.91
=0.07

* 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 Power REIT was 12.20. The lowest was 0.06. And the median was 1.24.


Be Aware

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


Power REIT Cyclically Adjusted Book per Share Related Terms

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


Power REIT (Power REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Power REIT (AMEX:PW) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
301 Winding Road, Old Bethpage, NY, USA, 11804
Power REIT is a real estate investment trust (REIT) that owns real estate related to properties for Controlled Environment Agriculture, Renewable Energy and Transportation. The company is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture for the cultivation of food and cannabis. The company is focused on CEA in the form of a greenhouse which uses dramatically less energy than indoor growing, 95% less water usage than outdoor growing and does not have any agricultural runoff of fertilizers or pesticides. To date, its greenhouse properties are operated for the cultivation of cannabis by state-licensed operators.
Executives
Dionisio D'aguilar director 301 WINDING ROAD, OLD BETHPAGE NY 11804
Virgil E Wenger director 450 MIDDLESEX RD, DARIEN CT 06820-2519
Haynes Patrick R Iii director 1111 W STREET, NW, APARTMENT #1, WASHINGTON DC DC 20009
Paula Poskon director 2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH VA 23452
Susan Hollander officer: Chief Accounting Officer 21 PASTURE LANE, OLD BETHPAGE NY 11804
David H Lesser director, 10 percent owner, officer: Chairman and CEO 301 WINDING ROAD, OLD BETHPAGE NY 11804
Justinian Hobor director 1358 W. GREENLEAF AVE., APT. 3S, CHICAGO IL 60626
William Susman director 3 EAST 84TH STREET, NEW YORK NY 10028
Arun Mittal officer: Corporate Secretary, Treasurer 2631 MEADOW HALL DRIVE, HERNDON VA 20171