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Sopharma Properties REIT (XBUL:SFI) Cyclically Adjusted Book per Share : лв3.45 (As of Mar. 2024)


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What is Sopharma 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.

Sopharma Properties REIT's adjusted book value per share for the three months ended in Mar. 2024 was лв4.142. 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 лв3.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sopharma Properties REIT's average Cyclically Adjusted Book Growth Rate was 6.50% 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 (2024-06-10), Sopharma Properties REIT's current stock price is лв9.50. Sopharma Properties REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was лв3.45. Sopharma Properties REIT's Cyclically Adjusted PB Ratio of today is 2.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sopharma Properties REIT was 3.07. The lowest was 2.12. And the median was 2.77.


Sopharma Properties REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sopharma 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.

Sopharma Properties REIT Cyclically Adjusted Book per Share Chart

Sopharma 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 - - - 3.14 3.37

Sopharma Properties 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 3.24 3.29 3.33 3.37 3.45

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

For the REIT - Diversified subindustry, Sopharma 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.


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

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

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



Sopharma 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, Sopharma Properties 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)
=4.142/131.7762*131.7762
=4.142

Current CPI (Mar. 2024) = 131.7762.

Sopharma Properties REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.909 100.560 2.502
201409 1.975 100.428 2.591
201412 1.984 99.070 2.639
201503 2.079 99.621 2.750
201506 2.173 100.684 2.844
201509 2.376 100.392 3.119
201512 2.144 99.792 2.831
201603 2.235 100.470 2.931
201606 2.318 101.688 3.004
201609 2.711 101.861 3.507
201612 2.335 101.863 3.021
201703 2.422 102.862 3.103
201706 2.502 103.349 3.190
201709 2.669 104.136 3.377
201712 2.538 104.011 3.216
201803 2.627 105.290 3.288
201806 2.710 106.317 3.359
201809 3.060 106.507 3.786
201812 2.747 105.998 3.415
201903 2.831 107.251 3.478
201906 2.915 108.070 3.554
201909 3.078 108.329 3.744
201912 2.879 108.420 3.499
202003 2.961 108.902 3.583
202006 3.046 108.767 3.690
202009 3.267 109.815 3.920
202012 3.103 109.897 3.721
202103 3.185 111.754 3.756
202106 3.265 114.631 3.753
202109 3.351 115.734 3.815
202112 3.349 117.630 3.752
202203 3.424 121.301 3.720
202206 3.504 125.017 3.693
202209 3.582 125.227 3.769
202212 3.660 125.222 3.852
202303 3.752 127.348 3.882
202306 3.828 128.729 3.919
202309 3.917 129.860 3.975
202312 4.042 129.419 4.116
202403 4.142 131.776 4.142

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


Sopharma Properties REIT  (XBUL:SFI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.50/3.45
=2.75

* 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 Sopharma Properties REIT was 3.07. The lowest was 2.12. And the median was 2.77.


Be Aware

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


Sopharma Properties REIT Cyclically Adjusted Book per Share Related Terms

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


Sopharma Properties REIT (XBUL:SFI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ul. Lachezar Stanchev 5, sgrada A, et. 20, Sofia, BGR, 1756
Sopharma Properties REIT is a special purpose investment company for securitization of real estate.

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