GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » InterRent Real Estate Investment Trust (TSX:IIP.UN) » Definitions » Cyclically Adjusted Book per Share

InterRent Real Estate Investment Trust (TSX:IIP.UN) Cyclically Adjusted Book per Share : C$14.96 (As of Mar. 2025)


View and export this data going back to 2001. Start your Free Trial

What is InterRent Real Estate 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.

InterRent Real Estate Investment Trust's adjusted book value per share for the three months ended in Mar. 2025 was C$16.400. 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 C$14.96 for the trailing ten years ended in Mar. 2025.

During the past 12 months, InterRent Real Estate Investment Trust's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 InterRent Real Estate Investment Trust was 17.10% per year. The lowest was -25.80% per year. And the median was 6.35% per year.

As of today (2025-05-19), InterRent Real Estate Investment Trust's current stock price is C$11.64. InterRent Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$14.96. InterRent Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of InterRent Real Estate Investment Trust was 2.48. The lowest was 0.67. And the median was 1.43.


InterRent Real Estate Investment Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for InterRent Real Estate 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.

InterRent Real Estate Investment Trust Cyclically Adjusted Book per Share Chart

InterRent Real Estate 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 8.72 10.29 12.07 13.45 14.56

InterRent Real Estate 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 13.81 14.18 14.36 14.56 14.96

Competitive Comparison of InterRent Real Estate Investment Trust's Cyclically Adjusted Book per Share

For the REIT - Residential subindustry, InterRent Real Estate 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.


InterRent Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where InterRent Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


;
;

InterRent Real Estate 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, InterRent Real Estate 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)
=16.4/129.1809*129.1809
=16.400

Current CPI (Mar. 2025) = 129.1809.

InterRent Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.728 100.500 8.648
201509 7.030 100.421 9.043
201512 7.135 99.947 9.222
201603 7.122 101.054 9.104
201606 7.148 102.002 9.053
201609 7.257 101.765 9.212
201612 7.441 101.449 9.475
201703 7.471 102.634 9.403
201706 7.883 103.029 9.884
201709 9.147 103.345 11.434
201712 9.585 103.345 11.981
201803 9.369 105.004 11.526
201806 9.902 105.557 12.118
201809 10.637 105.636 13.008
201812 10.966 105.399 13.440
201903 11.029 106.979 13.318
201906 11.306 107.690 13.562
201909 12.062 107.611 14.480
201912 14.175 107.769 16.991
202003 14.413 107.927 17.251
202006 14.461 108.401 17.233
202009 14.615 108.164 17.455
202012 14.946 108.559 17.785
202103 15.614 110.298 18.287
202106 15.970 111.720 18.466
202109 16.640 112.905 19.039
202112 17.264 113.774 19.602
202203 17.847 117.646 19.597
202206 18.275 120.806 19.542
202209 18.423 120.648 19.726
202212 17.601 120.964 18.797
202303 18.081 122.702 19.036
202306 18.176 124.203 18.904
202309 17.678 125.230 18.236
202312 17.774 125.072 18.358
202403 17.850 126.258 18.263
202406 17.644 127.522 17.874
202409 17.046 127.285 17.300
202412 16.234 127.364 16.466
202503 16.400 129.181 16.400

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


InterRent Real Estate Investment Trust  (TSX:IIP.UN) 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.

InterRent Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.64/14.96
=0.78

* 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 InterRent Real Estate Investment Trust was 2.48. The lowest was 0.67. And the median was 1.43.


Be Aware

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


InterRent Real Estate Investment Trust Cyclically Adjusted Book per Share Related Terms

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


InterRent Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
485 Bank Street, Suite 207, Ottawa, ON, CAN, K2P 1Z2
InterRent Real Estate Investment Trust is an open-ended real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. The company operations are carried out throughout the region of Canada. It derives revenue from investment properties which includes rents from tenants under leases, parking, laundry and other ancillary services.

InterRent Real Estate Investment Trust Headlines

No Headlines