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TRC (Tejon Ranch Co) Cyclically Adjusted Book per Share : $18.99 (As of Mar. 2025)


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What is Tejon Ranch Co 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.

Tejon Ranch Co's adjusted book value per share for the three months ended in Mar. 2025 was $17.585. 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 $18.99 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tejon Ranch Co's average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.30% 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 Tejon Ranch Co was 13.20% per year. The lowest was 2.70% per year. And the median was 6.10% per year.

As of today (2025-05-18), Tejon Ranch Co's current stock price is $16.60. Tejon Ranch Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $18.99. Tejon Ranch Co's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tejon Ranch Co was 2.29. The lowest was 0.81. And the median was 1.12.


Tejon Ranch Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tejon Ranch Co'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.

Tejon Ranch Co Cyclically Adjusted Book per Share Chart

Tejon Ranch Co 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 15.25 16.49 17.63 18.25 18.75

Tejon Ranch Co 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 18.58 18.69 18.74 18.75 18.99

Competitive Comparison of Tejon Ranch Co's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Tejon Ranch Co'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.


Tejon Ranch Co's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tejon Ranch Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tejon Ranch Co's Cyclically Adjusted PB Ratio falls into.


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Tejon Ranch Co 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, Tejon Ranch Co'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)
=17.585/134.9266*134.9266
=17.585

Current CPI (Mar. 2025) = 134.9266.

Tejon Ranch Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.590 100.684 18.212
201509 13.540 100.392 18.198
201512 13.680 99.792 18.496
201603 13.688 100.470 18.382
201606 13.678 101.688 18.149
201609 13.756 101.861 18.221
201612 14.264 101.863 18.894
201703 14.179 102.862 18.599
201706 14.259 103.349 18.616
201709 14.304 104.136 18.533
201712 15.379 104.011 19.950
201803 15.439 105.290 19.785
201806 15.453 106.317 19.611
201809 15.637 106.507 19.810
201812 16.144 105.998 20.550
201903 16.114 107.251 20.272
201906 16.121 108.070 20.127
201909 16.091 108.329 20.042
201912 16.487 108.420 20.518
202003 16.281 108.902 20.172
202006 16.307 108.767 20.229
202009 16.380 109.815 20.126
202012 16.363 109.897 20.090
202103 16.357 111.754 19.749
202106 16.489 114.631 19.408
202109 16.548 115.734 19.292
202112 16.710 117.630 19.167
202203 16.905 121.301 18.804
202206 16.951 125.017 18.295
202209 17.370 125.227 18.715
202212 17.415 125.222 18.765
202303 17.285 127.348 18.314
202306 17.355 128.729 18.191
202309 17.422 129.860 18.102
202312 17.472 129.419 18.215
202403 17.441 131.776 17.858
202406 17.504 132.554 17.817
202409 17.465 133.029 17.714
202412 17.656 133.157 17.891
202503 17.585 134.927 17.585

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


Tejon Ranch Co  (NYSE:TRC) 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.

Tejon Ranch Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.60/18.99
=0.87

* 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 Tejon Ranch Co was 2.29. The lowest was 0.81. And the median was 1.12.


Be Aware

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


Tejon Ranch Co Cyclically Adjusted Book per Share Related Terms

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


Tejon Ranch Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
P.O. Box 1000, Tejon Ranch, CA, USA, 93243
Tejon Ranch Co is a diversified real estate development and agribusiness company committed to responsibly using its land and resources to meet the housing, employment, and lifestyle needs of Californians and create value for its shareholders. It has five segments namely Real Estate - Commercial/Industrial, Real Estate - Resort/Residential, Mineral Resources, Farming, and Ranch Operations.
Executives
Geoffrey L Stack director
Towerview Llc director, 10 percent owner 460 PARK AVENUE, NEW YORK NY 10022
Brett A Brown officer: Executive Vice President / CFO C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Susan K Hori director 2046 VISTA CAJON, NEWPORT BEACH CA 92660
Marc William Hardy officer: SVP, General Counsel 28 ALDERBROOK, IRVINE CA 92604
Rhea Frawn Morgan director 31546 FLYING CLOUD DRIVE, LAGUNA NIGUEL CA 92677
Dt Four Partners, Llc director, 10 percent owner 655 MADISON AVENUE, 11TH FLOOR, NEW YORK NY 10065
Jeannie Lynn Fuller director 6218 DE LA GUERRA TERRACE, BAKERSFIELD CA 93306
Michael H Winer director 8235 MANJARES, MONTEREY CA 93940
Frederick C Tuomi director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Joseph N Rentfro officer: Executive VP- Real Estate P.O. BOX 1000, TEJON RANCH CA 93243
Mcmahon Hugh F. Iv officer: Senior Vice President - RE 4436 LEBEC RD., P.O. BOX 1000, TEJON RANCH CA 93243
Gregory S. Bielli director, officer: President/CEO P.O. BOX 1000, LEBEC CA 93243
Allen E Lyda officer: Vice President / CFO
Steven A. Betts director 3300 NORTH THIRD AVE., PHOENIX AZ 85013