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Gaming and Leisure Properties (STU:2GL) Cyclically Adjusted Book per Share : €11.74 (As of Mar. 2025)


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What is Gaming and Leisure Properties 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.

Gaming and Leisure Properties's adjusted book value per share for the three months ended in Mar. 2025 was €14.187. 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 €11.74 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Gaming and Leisure Properties's average Cyclically Adjusted Book Growth Rate was 18.20% 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 (2025-05-23), Gaming and Leisure Properties's current stock price is €40.61. Gaming and Leisure Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €11.74. Gaming and Leisure Properties's Cyclically Adjusted PB Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gaming and Leisure Properties was 6.13. The lowest was 3.63. And the median was 4.63.


Gaming and Leisure Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gaming and Leisure 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.

* Premium members only.

Gaming and Leisure Properties Cyclically Adjusted Book per Share Chart

Gaming and Leisure Properties 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 - - 8.37 9.18 11.53

Gaming and Leisure Properties Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 9.92 10.23 10.36 11.53 11.74

Competitive Comparison of Gaming and Leisure Properties's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, Gaming and Leisure 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.


Gaming and Leisure Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Gaming and Leisure Properties's Cyclically Adjusted PB Ratio falls into.


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Gaming and Leisure Properties 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, Gaming and Leisure Properties's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.187/134.9266*134.9266
=14.187

Current CPI (Mar. 2025) = 134.9266.

Gaming and Leisure Properties Quarterly Data

Book Value per Share CPI Adj_Book
201506 -1.058 100.684 -1.418
201509 -1.838 100.392 -2.470
201512 -2.013 99.792 -2.722
201603 -1.986 100.470 -2.667
201606 10.440 101.688 13.852
201609 10.538 101.861 13.959
201612 11.110 101.863 14.716
201703 10.814 102.862 14.185
201706 10.563 103.349 13.790
201709 9.839 104.136 12.748
201712 9.765 104.011 12.667
201803 9.181 105.290 11.765
201806 9.527 106.317 12.091
201809 9.443 106.507 11.963
201812 9.297 105.998 11.834
201903 9.102 107.251 11.451
201906 8.899 108.070 11.111
201909 8.910 108.329 11.098
201912 8.695 108.420 10.821
202003 8.466 108.902 10.489
202006 8.572 108.767 10.634
202009 8.499 109.815 10.442
202012 9.459 109.897 11.613
202103 9.550 111.754 11.530
202106 9.571 114.631 11.266
202109 10.279 115.734 11.984
202112 11.402 117.630 13.079
202203 11.477 121.301 12.766
202206 11.885 125.017 12.827
202209 14.149 125.227 15.245
202212 13.679 125.222 14.739
202303 13.404 127.348 14.202
202306 13.182 128.729 13.817
202309 13.891 129.860 14.433
202312 14.070 129.419 14.669
202403 13.985 131.776 14.319
202406 14.146 132.554 14.399
202409 13.971 133.029 14.170
202412 14.855 133.157 15.052
202503 14.187 134.927 14.187

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


Gaming and Leisure Properties  (STU:2GL) 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.

Gaming and Leisure Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.61/11.74
=3.46

* 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 Gaming and Leisure Properties was 6.13. The lowest was 3.63. And the median was 4.63.


Be Aware

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


Gaming and Leisure Properties Cyclically Adjusted Book per Share Related Terms

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


Gaming and Leisure Properties Business Description

Industry
Traded in Other Exchanges
Address
845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust whose primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The GLPI's portfolio consisted of interests in sixty one gaming and related facilities, the real property associated with thirty four gaming and related facilities operated by PENN, the real property associated with six gaming and related facilities operated by Caesars Entertainment Corporation.

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