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Intercapital Property Development REIT (WAR:ICD) Cyclically Adjusted Book per Share : zł1.19 (As of Mar. 2024)


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What is Intercapital Property Development 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.

Intercapital Property Development REIT's adjusted book value per share for the three months ended in Mar. 2024 was zł2.378. 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 zł1.19 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-09), Intercapital Property Development REIT's current stock price is zł1.92. Intercapital Property Development REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł1.19. Intercapital Property Development REIT's Cyclically Adjusted PB Ratio of today is 1.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intercapital Property Development REIT was 4.50. The lowest was 1.63. And the median was 3.00.


Intercapital Property Development REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Intercapital Property Development 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.

Intercapital Property Development REIT Cyclically Adjusted Book per Share Chart

Intercapital Property Development REIT 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 - - 0.40 0.44 1.01

Intercapital Property Development REIT 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 - 0.51 0.85 1.01 1.19

Competitive Comparison of Intercapital Property Development REIT's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Intercapital Property Development 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.


Intercapital Property Development REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Intercapital Property Development REIT's Cyclically Adjusted PB Ratio falls into.



Intercapital Property Development 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, Intercapital Property Development REIT'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)
=2.378/131.7762*131.7762
=2.378

Current CPI (Mar. 2024) = 131.7762.

Intercapital Property Development REIT Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.276 99.695 0.365
201406 0.000 100.560 0.000
201409 0.358 100.428 0.470
201412 0.260 99.070 0.346
201506 0.261 100.684 0.342
201509 0.000 100.392 0.000
201512 0.276 99.792 0.364
201603 0.000 100.470 0.000
201606 0.260 101.688 0.337
201609 0.261 101.861 0.338
201612 0.260 101.863 0.336
201703 0.256 102.862 0.328
201706 0.204 103.349 0.260
201709 0.162 104.136 0.205
201712 0.357 104.011 0.452
201803 0.318 105.290 0.398
201806 0.283 106.317 0.351
201809 0.257 106.507 0.318
201812 -0.019 105.998 -0.024
201903 -0.061 107.251 -0.075
201906 -0.307 108.070 -0.374
201909 0.000 108.329 0.000
201912 -0.060 108.420 -0.073
202003 -0.084 108.902 -0.102
202006 0.000 108.767 0.000
202009 -0.598 109.815 -0.718
202012 1.858 109.897 2.228
202103 1.627 111.754 1.918
202106 1.598 114.631 1.837
202109 1.567 115.734 1.784
202112 2.302 117.630 2.579
202203 2.273 121.301 2.469
202206 2.270 125.017 2.393
202209 0.000 125.227 0.000
202212 2.332 125.222 2.454
202303 0.000 127.348 0.000
202306 2.316 128.729 2.371
202309 2.302 129.860 2.336
202312 2.389 129.419 2.433
202403 2.378 131.776 2.378

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


Intercapital Property Development REIT  (WAR:ICD) 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.

Intercapital Property Development REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.92/1.19
=1.61

* 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 Intercapital Property Development REIT was 4.50. The lowest was 1.63. And the median was 3.00.


Be Aware

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


Intercapital Property Development REIT Cyclically Adjusted Book per Share Related Terms

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


Intercapital Property Development REIT (WAR:ICD) Business Description

Traded in Other Exchanges
Address
Dobrudzha Street No. 6, 4th Floor, Sofia, BGR, 1000
Intercapital Property Development REIT is an investment company for real estate securitization. The company functions as a collective investment scheme for real estate investments and its investment projects include Marina Cape and Grand Borovetz. Geographically, operations are conducted throughout the region of Bulgaria.

Intercapital Property Development REIT (WAR:ICD) Headlines

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