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Develia (WAR:DVL) Cyclically Adjusted Book per Share : zł4.23 (As of Mar. 2024)


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What is Develia 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.

Develia's adjusted book value per share for the three months ended in Mar. 2024 was zł3.610. 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 zł4.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Develia's average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Develia was 10.40% per year. The lowest was 5.20% per year. And the median was 8.75% per year.

As of today (2024-06-05), Develia's current stock price is zł6.31. Develia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł4.23. Develia's Cyclically Adjusted PB Ratio of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Develia was 1.62. The lowest was 0.48. And the median was 0.89.


Develia Cyclically Adjusted Book per Share Historical Data

The historical data trend for Develia'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.

Develia Cyclically Adjusted Book per Share Chart

Develia 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 2.97 3.12 3.43 4.00 4.20

Develia 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 4.19 4.20 4.16 4.20 4.23

Competitive Comparison of Develia's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Develia'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.


Develia's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Develia 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, Develia'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)
=3.61/149.0435*149.0435
=3.610

Current CPI (Mar. 2024) = 149.0435.

Develia Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.711 101.180 3.993
201409 2.733 100.611 4.049
201412 2.804 100.122 4.174
201503 2.851 100.041 4.248
201506 2.899 100.448 4.302
201509 2.953 99.634 4.417
201512 3.049 99.471 4.569
201603 3.087 98.983 4.648
201606 3.072 99.552 4.599
201609 3.052 99.064 4.592
201612 3.119 100.366 4.632
201703 3.148 101.018 4.645
201706 3.151 101.180 4.642
201709 3.279 101.343 4.822
201712 3.236 102.564 4.702
201803 3.412 102.564 4.958
201806 3.325 103.378 4.794
201809 3.317 103.378 4.782
201812 3.347 103.785 4.807
201903 3.583 104.274 5.121
201906 3.343 105.983 4.701
201909 3.416 105.983 4.804
201912 3.334 107.123 4.639
202003 3.501 109.076 4.784
202006 3.374 109.402 4.597
202009 3.306 109.320 4.507
202012 2.944 109.565 4.005
202103 3.022 112.658 3.998
202106 2.899 113.960 3.791
202109 2.965 115.588 3.823
202112 3.114 119.088 3.897
202203 3.166 125.031 3.774
202206 2.725 131.705 3.084
202209 2.808 135.531 3.088
202212 3.188 139.113 3.416
202303 3.339 145.950 3.410
202306 2.968 147.009 3.009
202309 3.090 146.113 3.152
202312 3.456 147.741 3.486
202403 3.610 149.044 3.610

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


Develia  (WAR:DVL) 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.

Develia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.31/4.23
=1.49

* 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 Develia was 1.62. The lowest was 0.48. And the median was 0.89.


Be Aware

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


Develia Cyclically Adjusted Book per Share Related Terms

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


Develia (WAR:DVL) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Develia SA (WAR:DVL) » Definitions » Cyclically Adjusted Book per Share
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Address
ul. Powstancow Slaskich 2-4, Wroclaw, POL, 53-333
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.

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