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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.
Ryman Hospitality Properties's adjusted book value per share for the three months ended in Sep. 2024 was $9.213. 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 $7.37 for the trailing ten years ended in Sep. 2024.
During the past 12 months, Ryman Hospitality Properties's average Cyclically Adjusted Book Growth Rate was -8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -13.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -10.40% 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 Ryman Hospitality Properties was 2.00% per year. The lowest was -14.80% per year. And the median was -6.50% per year.
As of today (2024-12-15), Ryman Hospitality Properties's current stock price is $113.24. Ryman Hospitality Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $7.37. Ryman Hospitality Properties's Cyclically Adjusted PB Ratio of today is 15.36.
During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ryman Hospitality Properties was 16.04. The lowest was 1.51. And the median was 5.18.
The historical data trend for Ryman Hospitality Properties'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.
Ryman Hospitality Properties Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cyclically Adjusted Book per Share | Get a 7-Day Free Trial | 8.02 | 7.73 | 7.60 | 7.49 | 7.37 |
For the REIT - Hotel & Motel subindustry, Ryman Hospitality Properties'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.
For the REITs industry and Real Estate sector, Ryman Hospitality Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ryman Hospitality Properties's Cyclically Adjusted PB Ratio falls into.
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, Ryman Hospitality Properties's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:
Adj_Book | = | Book Value per Share | / | CPI of Sep. 2024 (Change) | * | Current CPI (Sep. 2024) |
= | 9.213 | / | 133.0289 | * | 133.0289 | |
= | 9.213 |
Current CPI (Sep. 2024) = 133.0289.
Ryman Hospitality Properties Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201412 | 7.938 | 99.070 | 10.659 |
201503 | 7.321 | 99.621 | 9.776 |
201506 | 7.513 | 100.684 | 9.927 |
201509 | 7.353 | 100.392 | 9.743 |
201512 | 7.475 | 99.792 | 9.965 |
201603 | 6.788 | 100.470 | 8.988 |
201606 | 7.072 | 101.688 | 9.252 |
201609 | 6.938 | 101.861 | 9.061 |
201612 | 7.291 | 101.863 | 9.522 |
201703 | 7.071 | 102.862 | 9.145 |
201706 | 7.213 | 103.349 | 9.284 |
201709 | 6.864 | 104.136 | 8.768 |
201712 | 7.386 | 104.011 | 9.447 |
201803 | 7.019 | 105.290 | 8.868 |
201806 | 7.281 | 106.317 | 9.110 |
201809 | 6.964 | 106.507 | 8.698 |
201812 | 9.147 | 105.998 | 11.480 |
201903 | 8.564 | 107.251 | 10.622 |
201906 | 8.456 | 108.070 | 10.409 |
201909 | 6.054 | 108.329 | 7.434 |
201912 | 11.744 | 108.420 | 14.410 |
202003 | 10.188 | 108.902 | 12.445 |
202006 | 7.161 | 108.767 | 8.758 |
202009 | 4.946 | 109.815 | 5.992 |
202012 | 3.734 | 109.897 | 4.520 |
202103 | 1.902 | 111.754 | 2.264 |
202106 | -0.690 | 114.631 | -0.801 |
202109 | -0.712 | 115.734 | -0.818 |
202112 | -0.404 | 117.630 | -0.457 |
202203 | -0.668 | 121.301 | -0.733 |
202206 | 0.113 | 125.017 | 0.120 |
202209 | 0.935 | 125.227 | 0.993 |
202212 | 1.727 | 125.222 | 1.835 |
202303 | 1.801 | 127.348 | 1.881 |
202306 | 8.341 | 128.729 | 8.620 |
202309 | 7.887 | 129.860 | 8.079 |
202312 | 9.532 | 129.419 | 9.798 |
202403 | 8.848 | 131.776 | 8.932 |
202406 | 9.393 | 132.554 | 9.427 |
202409 | 9.213 | 133.029 | 9.213 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
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.
Ryman Hospitality Properties's Cyclically Adjusted PB Ratio of today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 113.24 | / | 7.37 | |
= | 15.36 |
* 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 Ryman Hospitality Properties was 16.04. The lowest was 1.51. And the median was 5.18.
Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.
Thank you for viewing the detailed overview of Ryman Hospitality Properties's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Fazal F Merchant | director | 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245 |
Reed Colin V | director, officer: Exec. Chairman of the Board | |
Bowles Alvin L Jr | director | 62 TRENOR DRIVE, NEW ROCHELLE NY 10804 |
William E Haslam | director | 5919 MAPLE AVE, C/O HAROLDS STORES INC, DALLAS TX 75235 |
Christine Pantoya | director | 5 OX BOW LANE, SUMMIT NJ 07901 |
Patrick S Chaffin | officer: EVP & COO | ONE GAYLORD DRIVE, NASHVILLE TN 37214 |
Rachna Bhasin | director | 1855 GRIFFIN ROAD, B454, DANIA BEACH FL 33004 |
Jennifer L Hutcheson | officer: EVP & Chief Financial Officer | ONE GAYLORD DRIVE, NASHVILLE TN 37214 |
Scott J Lynn | officer: EVP, Secretary and GC | ONE GAYLORD DRIVE, NASHVILLE TN 37214 |
Mark Fioravanti | director, officer: President & CEO | ONE GAYLORD DRIVE, NASHVILLE TN 37214 |
Prather Robert S Jr | director | |
Michael Isor Roth | director | THE INTERPUBLIC GROUP OF COMPANIES, INC., 1114 AVENUE OF THE AMERICAS, 19TH FLOOR, NEW YORK NY 10036 |
Christian A. Brickman | director | 351 PHELPS DRIVE, IRVING TX 75038 |
Bennett D Westbrook | officer: SVP, Investments, D&C | ONE GAYLORD DRIVE, NASHVILLE TN 37214 |
Michael J Bender | director | 3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054 |
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