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Stag Industrial (STU:SW6) Cyclically Adjusted Book per Share : €15.69 (As of Mar. 2024)


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What is Stag Industrial 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.

Stag Industrial's adjusted book value per share for the three months ended in Mar. 2024 was €16.935. 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 €15.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stag Industrial's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 Stag Industrial was 13.00% per year. The lowest was 10.30% per year. And the median was 12.60% per year.

As of today (2024-05-25), Stag Industrial's current stock price is €32.41. Stag Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.69. Stag Industrial's Cyclically Adjusted PB Ratio of today is 2.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stag Industrial was 3.42. The lowest was 1.78. And the median was 2.59.


Stag Industrial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Stag Industrial'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.

Stag Industrial Cyclically Adjusted Book per Share Chart

Stag Industrial 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 9.42 9.87 12.23 14.64 14.97

Stag Industrial 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 14.67 14.88 15.65 14.97 15.69

Competitive Comparison of Stag Industrial's Cyclically Adjusted Book per Share

For the REIT - Industrial subindustry, Stag Industrial'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.


Stag Industrial's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Stag Industrial 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, Stag Industrial'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)
=16.935/131.7762*131.7762
=16.935

Current CPI (Mar. 2024) = 131.7762.

Stag Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.865 100.560 10.307
201409 8.258 100.428 10.836
201412 9.127 99.070 12.140
201503 10.198 99.621 13.490
201506 9.868 100.684 12.915
201509 9.413 100.392 12.356
201512 9.216 99.792 12.170
201603 8.613 100.470 11.297
201606 8.003 101.688 10.371
201609 8.430 101.861 10.906
201612 10.406 101.863 13.462
201703 10.307 102.862 13.204
201706 10.680 103.349 13.618
201709 10.270 104.136 12.996
201712 10.575 104.011 13.398
201803 10.067 105.290 12.599
201806 11.178 106.317 13.855
201809 11.380 106.507 14.080
201812 12.059 105.998 14.992
201903 12.315 107.251 15.131
201906 12.821 108.070 15.633
201909 13.482 108.329 16.400
201912 14.056 108.420 17.084
202003 14.492 108.902 17.536
202006 14.005 108.767 16.968
202009 13.254 109.815 15.905
202012 13.723 109.897 16.455
202103 13.932 111.754 16.428
202106 13.760 114.631 15.818
202109 14.823 115.734 16.878
202112 16.567 117.630 18.559
202203 17.229 121.301 18.717
202206 17.855 125.017 18.820
202209 19.284 125.227 20.293
202212 17.826 125.222 18.759
202303 17.459 127.348 18.066
202306 17.296 128.729 17.705
202309 17.654 129.860 17.915
202312 17.032 129.419 17.342
202403 16.935 131.776 16.935

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


Stag Industrial  (STU:SW6) 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.

Stag Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.41/15.69
=2.07

* 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 Stag Industrial was 3.42. The lowest was 1.78. And the median was 2.59.


Be Aware

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


Stag Industrial Cyclically Adjusted Book per Share Related Terms

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


Stag Industrial (STU:SW6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stag Industrial Inc (STU:SW6) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
One Federal Street, 23rd Floor, Boston, MA, USA, 02110
Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.

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