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Chimera Investment (STU:4CR0) Cyclically Adjusted Book per Share : €53.20 (As of Mar. 2025)


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What is Chimera Investment 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.

Chimera Investment's adjusted book value per share for the three months ended in Mar. 2025 was €30.201. 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 €53.20 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Chimera Investment's average Cyclically Adjusted Book Growth Rate was -3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.60% 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 Chimera Investment was 2.80% per year. The lowest was -2.20% per year. And the median was 1.60% per year.

As of today (2025-05-29), Chimera Investment's current stock price is €11.60. Chimera Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €53.20. Chimera Investment's Cyclically Adjusted PB Ratio of today is 0.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chimera Investment was 1.18. The lowest was 0.19. And the median was 0.54.


Chimera Investment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chimera Investment'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.

Chimera Investment Cyclically Adjusted Book per Share Chart

Chimera Investment 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 45.72 52.55 58.18 54.45 55.77

Chimera Investment 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 55.13 55.01 51.94 55.77 53.20

Competitive Comparison of Chimera Investment's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Chimera Investment'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.


Chimera Investment's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Chimera Investment 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, Chimera Investment'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)
=30.201/134.9266*134.9266
=30.201

Current CPI (Mar. 2025) = 134.9266.

Chimera Investment Quarterly Data

Book Value per Share CPI Adj_Book
201506 44.729 100.684 59.941
201509 43.784 100.392 58.846
201512 43.225 99.792 58.443
201603 41.812 100.470 56.151
201606 42.142 101.688 55.917
201609 43.239 101.861 57.275
201612 47.316 101.863 62.674
201703 52.460 102.862 68.813
201706 50.854 103.349 66.392
201709 48.874 104.136 63.325
201712 49.061 104.011 63.644
201803 47.764 105.290 61.209
201806 50.122 106.317 63.610
201809 53.795 106.507 68.149
201812 52.211 105.998 66.460
201903 56.079 107.251 70.550
201906 56.298 108.070 70.289
201909 58.141 108.329 72.416
201912 57.005 108.420 70.942
202003 47.380 108.902 58.703
202006 38.989 108.767 48.366
202009 40.545 109.815 49.817
202012 40.420 109.897 49.626
202103 38.979 111.754 47.061
202106 38.341 114.631 45.129
202109 41.425 115.734 48.295
202112 41.859 117.630 48.014
202203 38.340 121.301 42.647
202206 36.403 125.017 39.289
202209 34.691 125.227 37.378
202212 32.573 125.222 35.097
202303 31.981 127.348 33.884
202306 31.551 128.729 33.070
202309 30.917 129.860 32.123
202312 29.162 129.419 30.403
202403 30.241 131.776 30.964
202406 30.487 132.554 31.033
202409 30.491 133.029 30.926
202412 29.808 133.157 30.204
202503 30.201 134.927 30.201

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


Chimera Investment  (STU:4CR0) 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.

Chimera Investment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.60/53.20
=0.22

* 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 Chimera Investment was 1.18. The lowest was 0.19. And the median was 0.54.


Be Aware

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


Chimera Investment Cyclically Adjusted Book per Share Related Terms

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


Chimera Investment Business Description

Industry
Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares.

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