GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Slate Grocery REIT (TSX:SGR.U) » Definitions » Cyclically Adjusted Book per Share

Slate Grocery REIT (TSX:SGR.U) Cyclically Adjusted Book per Share : $7.94 (As of Mar. 2025)


View and export this data going back to 2020. Start your Free Trial

What is Slate Grocery REIT 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.

Slate Grocery REIT's adjusted book value per share for the three months ended in Mar. 2025 was $11.346. 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 $7.94 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Slate Grocery REIT's average Cyclically Adjusted Book Growth Rate was 17.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.20% 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 Slate Grocery REIT was 19.20% per year. The lowest was 19.20% per year. And the median was 19.20% per year.

As of today (2025-07-05), Slate Grocery REIT's current stock price is $10.59. Slate Grocery REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $7.94. Slate Grocery REIT's Cyclically Adjusted PB Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Slate Grocery REIT was 2.56. The lowest was 1.05. And the median was 1.40.


Slate Grocery REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Slate Grocery REIT'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.

Slate Grocery REIT Cyclically Adjusted Book per Share Chart

Slate Grocery REIT 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 - 5.11 6.00 7.15 7.60

Slate Grocery REIT 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 7.23 7.48 7.87 7.60 7.94

Competitive Comparison of Slate Grocery REIT's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Slate Grocery REIT'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.


Slate Grocery REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Slate Grocery REIT's Cyclically Adjusted PB Ratio falls into.


;
;

Slate Grocery REIT 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, Slate Grocery REIT'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)
=11.346/129.1809*129.1809
=11.346

Current CPI (Mar. 2025) = 129.1809.

Slate Grocery REIT Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.661 100.500 0.850
201509 0.772 100.421 0.993
201512 0.740 99.947 0.956
201603 0.717 101.054 0.917
201606 0.621 102.002 0.786
201609 0.156 101.765 0.198
201612 -0.089 101.449 -0.113
201703 0.161 102.634 0.203
201706 0.490 103.029 0.614
201709 0.300 103.345 0.375
201712 1.086 103.345 1.358
201803 1.764 105.004 2.170
201806 11.263 105.557 13.784
201809 11.007 105.636 13.460
201812 10.395 105.399 12.740
201903 10.081 106.979 12.173
201906 9.782 107.690 11.734
201909 9.645 107.611 11.578
201912 9.837 107.769 11.791
202003 9.351 107.927 11.192
202006 9.284 108.401 11.064
202009 9.308 108.164 11.117
202012 9.557 108.559 11.372
202103 10.683 110.298 12.512
202106 0.000 111.720 0.000
202109 10.326 112.905 11.815
202112 10.530 113.774 11.956
202203 10.945 117.646 12.018
202206 11.823 120.806 12.643
202209 12.270 120.648 13.138
202212 12.266 120.964 13.099
202303 11.807 122.702 12.430
202306 11.908 124.203 12.385
202309 11.894 125.230 12.269
202312 11.597 125.072 11.978
202403 11.637 126.258 11.906
202406 11.595 127.522 11.746
202409 11.362 127.285 11.531
202412 11.390 127.364 11.553
202503 11.346 129.181 11.346

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


Slate Grocery REIT  (TSX:SGR.U) 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.

Slate Grocery REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.59/7.94
=1.33

* 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 Slate Grocery REIT was 2.56. The lowest was 1.05. And the median was 1.40.


Be Aware

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


Slate Grocery REIT Cyclically Adjusted Book per Share Related Terms

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


Slate Grocery REIT Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Slate Grocery REIT (TSX:SGR.U) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9
Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and others.

Slate Grocery REIT Headlines

No Headlines