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Starwood Property Trust (STU:VSP) Cyclically Adjusted Book per Share : €19.52 (As of Mar. 2025)


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What is Starwood Property 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.

Starwood Property Trust's adjusted book value per share for the three months ended in Mar. 2025 was €17.459. 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 €19.52 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Starwood Property Trust's average Cyclically Adjusted Book Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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 Starwood Property Trust was 2.50% per year. The lowest was 1.80% per year. And the median was 2.00% per year.

As of today (2025-05-28), Starwood Property Trust's current stock price is €17.305. Starwood Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €19.52. Starwood Property Trust's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Starwood Property Trust was 1.39. The lowest was 0.47. And the median was 0.97.


Starwood Property Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Starwood Property 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.

Starwood Property Trust Cyclically Adjusted Book per Share Chart

Starwood Property 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 15.63 17.69 19.47 18.94 20.53

Starwood Property 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 19.52 19.63 18.91 20.53 19.52

Competitive Comparison of Starwood Property Trust's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Starwood Property 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.


Starwood Property Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Starwood Property Trust's Cyclically Adjusted PB Ratio falls into.


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Starwood Property 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, Starwood Property 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)
=17.459/134.9266*134.9266
=17.459

Current CPI (Mar. 2025) = 134.9266.

Starwood Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.662 100.684 20.989
201509 15.637 100.392 21.016
201512 16.004 99.792 21.639
201603 15.323 100.470 20.578
201606 15.181 101.688 20.143
201609 15.208 101.861 20.145
201612 16.534 101.863 21.901
201703 16.174 102.862 21.216
201706 15.430 103.349 20.145
201709 14.466 104.136 18.743
201712 14.478 104.011 18.781
201803 13.803 105.290 17.688
201806 14.502 106.317 18.404
201809 14.448 106.507 18.303
201812 14.679 105.998 18.685
201903 14.590 107.251 18.355
201906 14.592 108.070 18.218
201909 14.992 108.329 18.673
201912 14.991 108.420 18.656
202003 14.262 108.902 17.670
202006 14.023 108.767 17.396
202009 13.462 109.815 16.540
202012 12.963 109.897 15.915
202103 13.110 111.754 15.828
202106 12.912 114.631 15.198
202109 13.216 115.734 15.408
202112 17.631 117.630 20.224
202203 18.578 121.301 20.665
202206 19.562 125.017 21.113
202209 21.032 125.227 22.661
202212 19.636 125.222 21.158
202303 19.092 127.348 20.228
202306 18.930 128.729 19.841
202309 18.910 129.860 19.648
202312 18.293 129.419 19.071
202403 18.265 131.776 18.702
202406 18.242 132.554 18.569
202409 17.473 133.029 17.722
202412 18.219 133.157 18.461
202503 17.459 134.927 17.459

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


Starwood Property Trust  (STU:VSP) 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.

Starwood Property Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.305/19.52
=0.89

* 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 Starwood Property Trust was 1.39. The lowest was 0.47. And the median was 0.97.


Be Aware

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


Starwood Property Trust Cyclically Adjusted Book per Share Related Terms

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


Starwood Property Trust Business Description

Industry
Traded in Other Exchanges
Address
2340 Collins Avenue, Suite 700, Miami Beach, FL, USA, 33139
Starwood Property Trust Inc is an American real estate investment trust principally engaged in originating, acquiring, and managing commercial mortgage loans and commercial mortgage-backed securities in the U.S. and Europe. The company organizes its activities into Commercial and Residential Lending Segment, Infrastructure Lending Segment, Property Segment, and Investing & Servicing Segment. The company generates the majority of its revenue from the Commercial and Residential Lending Segment, which is engaged in originating, acquiring, financing, and managing commercial first mortgages, and non-agency residential mortgages.

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