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Federal Realty Investment Trust (STU:QM1) Cyclically Adjusted Book per Share : €32.76 (As of Mar. 2025)


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What is Federal Realty Investment Trust 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.

Federal Realty Investment Trust's adjusted book value per share for the three months ended in Mar. 2025 was €32.516. 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 €32.76 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Federal Realty Investment Trust's average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.40% 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 Federal Realty Investment Trust was 8.00% per year. The lowest was 1.70% per year. And the median was 5.00% per year.

As of today (2025-05-24), Federal Realty Investment Trust's current stock price is €80.50. Federal Realty Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €32.76. Federal Realty Investment Trust's Cyclically Adjusted PB Ratio of today is 2.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Federal Realty Investment Trust was 7.99. The lowest was 2.49. And the median was 4.39.


Federal Realty Investment Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Federal Realty Investment Trust'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.

Federal Realty Investment Trust Cyclically Adjusted Book per Share Chart

Federal Realty Investment Trust 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 21.91 25.89 29.87 30.87 33.05

Federal Realty Investment Trust 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 31.81 31.94 30.84 33.05 32.76

Competitive Comparison of Federal Realty Investment Trust's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Federal Realty Investment Trust'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.


Federal Realty Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Federal Realty Investment Trust 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, Federal Realty Investment Trust'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)
=32.516/134.9266*134.9266
=32.516

Current CPI (Mar. 2025) = 134.9266.

Federal Realty Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 20.954 100.684 28.080
201509 21.242 100.392 28.549
201512 21.846 99.792 29.537
201603 23.381 100.470 31.399
201606 23.849 101.688 31.644
201609 24.362 101.861 32.270
201612 25.897 101.863 34.303
201703 25.521 102.862 33.476
201706 24.419 103.349 31.880
201709 23.697 104.136 30.704
201712 24.356 104.011 31.595
201803 23.168 105.290 29.689
201806 24.536 106.317 31.139
201809 24.967 106.507 31.629
201812 25.877 105.998 32.939
201903 26.350 107.251 33.150
201906 26.534 108.070 33.128
201909 27.782 108.329 34.603
201912 28.300 108.420 35.219
202003 28.029 108.902 34.727
202006 26.702 108.767 33.124
202009 24.332 109.815 29.896
202012 24.685 109.897 30.307
202103 25.522 111.754 30.814
202106 24.871 114.631 29.274
202109 25.149 115.734 29.319
202112 27.254 117.630 31.262
202203 28.283 121.301 31.460
202206 30.826 125.017 33.270
202209 34.094 125.227 36.735
202212 32.427 125.222 34.940
202303 31.688 127.348 33.574
202306 31.035 128.729 32.529
202309 31.250 129.860 32.469
202312 31.060 129.419 32.382
202403 30.592 131.776 31.323
202406 31.516 132.554 32.080
202409 31.305 133.029 31.752
202412 33.575 133.157 34.021
202503 32.516 134.927 32.516

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


Federal Realty Investment Trust  (STU:QM1) 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.

Federal Realty Investment Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=80.50/32.76
=2.46

* 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 Federal Realty Investment Trust was 7.99. The lowest was 2.49. And the median was 4.39.


Be Aware

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


Federal Realty Investment Trust Cyclically Adjusted Book per Share Related Terms

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


Federal Realty Investment Trust Business Description

Industry
Traded in Other Exchanges
Address
909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

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