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Green Brick Partners (STU:2G1) Cyclically Adjusted Book per Share : €12.80 (As of Mar. 2024)


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What is Green Brick Partners 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.

Green Brick Partners's adjusted book value per share for the three months ended in Mar. 2024 was €27.293. 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 €12.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Green Brick Partners's average Cyclically Adjusted Book Growth Rate was 22.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.90% 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 Green Brick Partners was 14.30% per year. The lowest was -20.80% per year. And the median was -12.40% per year.

As of today (2024-05-23), Green Brick Partners's current stock price is €51.64. Green Brick Partners's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.80. Green Brick Partners's Cyclically Adjusted PB Ratio of today is 4.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Green Brick Partners was 4.86. The lowest was 0.35. And the median was 1.41.


Green Brick Partners Cyclically Adjusted Book per Share Historical Data

The historical data trend for Green Brick Partners'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.

Green Brick Partners Cyclically Adjusted Book per Share Chart

Green Brick Partners 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 9.67 7.11 8.34 10.10 11.82

Green Brick Partners 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 10.89 12.11 11.82 12.80

Competitive Comparison of Green Brick Partners's Cyclically Adjusted Book per Share

For the Residential Construction subindustry, Green Brick Partners'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.


Green Brick Partners's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Green Brick Partners's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Green Brick Partners's Cyclically Adjusted PB Ratio falls into.



Green Brick Partners 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, Green Brick Partners'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)
=27.293/131.7762*131.7762
=27.293

Current CPI (Mar. 2024) = 131.7762.

Green Brick Partners Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.386 100.560 1.816
201409 2.034 100.428 2.669
201412 4.446 99.070 5.914
201503 5.187 99.621 6.861
201506 5.109 100.684 6.687
201509 6.439 100.392 8.452
201512 6.759 99.792 8.925
201603 6.673 100.470 8.752
201606 6.733 101.688 8.725
201609 6.857 101.861 8.871
201612 7.447 101.863 9.634
201703 7.471 102.862 9.571
201706 7.248 103.349 9.242
201709 7.036 104.136 8.904
201712 6.953 104.011 8.809
201803 6.854 105.290 8.578
201806 7.482 106.317 9.274
201809 7.700 106.507 9.527
201812 8.139 105.998 10.118
201903 8.398 107.251 10.318
201906 8.615 108.070 10.505
201909 9.149 108.329 11.129
201912 9.326 108.420 11.335
202003 9.708 108.902 11.747
202006 10.092 108.767 12.227
202009 10.224 109.815 12.269
202012 10.388 109.897 12.456
202103 11.029 111.754 13.005
202106 11.730 114.631 13.484
202109 12.840 115.734 14.620
202112 14.416 117.630 16.150
202203 15.807 121.301 17.172
202206 18.315 125.017 19.305
202209 21.095 125.227 22.198
202212 20.798 125.222 21.887
202303 21.775 127.348 22.532
202306 22.911 128.729 23.453
202309 24.729 129.860 25.094
202312 25.532 129.419 25.997
202403 27.293 131.776 27.293

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


Green Brick Partners  (STU:2G1) 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.

Green Brick Partners's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=51.64/12.8
=4.03

* 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 Green Brick Partners was 4.86. The lowest was 0.35. And the median was 1.41.


Be Aware

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


Green Brick Partners Cyclically Adjusted Book per Share Related Terms

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


Green Brick Partners (STU:2G1) Business Description

Traded in Other Exchanges
Address
2805 Dallas Parkway, Suite 400, Plano, TX, USA, 75093
Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of company's revenue is generated from the builder operations central segment that is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.

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