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Aktiv Properties REIT (XBUL:AKTV) Cyclically Adjusted Book per Share : лв12.59 (As of Jun. 2024)


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What is Aktiv Properties 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.

Aktiv Properties REIT's adjusted book value per share for the three months ended in Jun. 2024 was лв11.741. 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 лв12.59 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Aktiv Properties REIT's average Cyclically Adjusted Book Growth Rate was 3.20% 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.

As of today (2024-09-22), Aktiv Properties REIT's current stock price is лв6.00. Aktiv Properties REIT's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was лв12.59. Aktiv Properties REIT's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aktiv Properties REIT was 0.76. The lowest was 0.45. And the median was 0.56.


Aktiv Properties REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aktiv Properties 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.

Aktiv Properties REIT Cyclically Adjusted Book per Share Chart

Aktiv Properties 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 - - - 12.05 12.32

Aktiv Properties REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 12.20 12.32 12.42 12.32 12.59

Competitive Comparison of Aktiv Properties REIT's Cyclically Adjusted Book per Share

For the REIT - Office subindustry, Aktiv Properties 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.


Aktiv Properties REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Aktiv Properties 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, Aktiv Properties REIT's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=11.741/132.5538*132.5538
=11.741

Current CPI (Jun. 2024) = 132.5538.

Aktiv Properties REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.522 100.560 13.870
201409 10.522 100.428 13.888
201412 10.485 99.070 14.029
201503 10.473 99.621 13.935
201506 10.454 100.684 13.763
201509 10.458 100.392 13.808
201512 10.383 99.792 13.792
201603 10.379 100.470 13.693
201606 10.397 101.688 13.553
201609 10.399 101.861 13.532
201612 10.322 101.863 13.432
201703 10.313 102.862 13.290
201706 10.308 103.349 13.221
201709 10.306 104.136 13.118
201712 10.078 104.011 12.844
201803 9.968 105.290 12.549
201806 9.946 106.317 12.400
201809 9.916 106.507 12.341
201812 9.706 105.998 12.138
201903 9.863 107.251 12.190
201906 10.213 108.070 12.527
201909 10.277 108.329 12.575
201912 10.322 108.420 12.620
202003 10.302 108.902 12.539
202006 9.790 108.767 11.931
202009 9.774 109.815 11.798
202012 9.761 109.897 11.773
202103 9.753 111.754 11.568
202106 9.752 114.631 11.277
202109 9.750 115.734 11.167
202112 10.907 117.630 12.291
202203 10.885 121.301 11.895
202206 10.878 125.017 11.534
202209 9.887 125.227 10.466
202212 10.822 125.222 11.456
202303 12.202 127.348 12.701
202306 11.996 128.729 12.352
202309 11.953 129.860 12.201
202312 11.657 129.419 11.939
202406 11.741 132.554 11.741

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


Aktiv Properties REIT  (XBUL:AKTV) 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.

Aktiv Properties REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.00/12.59
=0.48

* 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 Aktiv Properties REIT was 0.76. The lowest was 0.45. And the median was 0.56.


Be Aware

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


Aktiv Properties REIT Cyclically Adjusted Book per Share Related Terms

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


Aktiv Properties REIT Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 Tsarigradsko Shosse Boulevard, Floor 4, Sofia, BGR
Aktiv Properties REIT is a joint stock company with special investment purpose of securitization of real estate. It carries out the business of investing cash resources, raised by issuing securities into real estates.

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