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Sunway Real Estate Investment Trust (XKLS:5176) Cyclically Adjusted Book per Share : RM1.78 (As of Mar. 2024)


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What is Sunway Real Estate Investment Trust 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.

Sunway Real Estate Investment Trust's adjusted book value per share for the three months ended in Mar. 2024 was RM1.588. 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 RM1.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sunway Real Estate Investment Trust's average Cyclically Adjusted Book Growth Rate was 4.10% 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.

As of today (2024-06-21), Sunway Real Estate Investment Trust's current stock price is RM1.58. Sunway Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.78. Sunway Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sunway Real Estate Investment Trust was 1.13. The lowest was 0.83. And the median was 0.91.


Sunway Real Estate Investment Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sunway Real Estate Investment Trust'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.

Sunway Real Estate Investment Trust Cyclically Adjusted Book per Share Chart

Sunway Real Estate Investment Trust Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.68 1.74

Sunway Real Estate Investment Trust Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 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 1.71 1.73 1.75 1.74 1.78

Competitive Comparison of Sunway Real Estate Investment Trust's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Sunway Real Estate Investment Trust'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.


Sunway Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Sunway Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.



Sunway Real Estate Investment Trust 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, Sunway Real Estate Investment Trust'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)
=1.588/131.7762*131.7762
=1.588

Current CPI (Mar. 2024) = 131.7762.

Sunway Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.202 98.326 1.611
201403 1.200 99.695 1.586
201406 1.259 100.560 1.650
201409 1.261 100.428 1.655
201412 1.259 99.070 1.675
201503 1.255 99.621 1.660
201506 1.356 100.684 1.775
201509 1.358 100.392 1.783
201512 1.361 99.792 1.797
201603 1.359 100.470 1.782
201606 1.376 101.688 1.783
201609 1.377 101.861 1.781
201612 1.378 101.863 1.783
201703 1.379 102.862 1.767
201706 1.430 103.349 1.823
201709 1.434 104.136 1.815
201712 1.432 104.011 1.814
201803 1.431 105.290 1.791
201806 1.478 106.317 1.832
201809 1.481 106.507 1.832
201812 1.479 105.998 1.839
201903 1.480 107.251 1.818
201906 1.629 108.070 1.986
201909 1.630 108.329 1.983
201912 1.630 108.420 1.981
202003 1.626 108.902 1.968
202006 1.620 108.767 1.963
202009 1.606 109.815 1.927
202012 1.588 109.897 1.904
202103 1.590 111.754 1.875
202109 1.609 115.734 1.832
202203 1.597 121.301 1.735
202206 1.617 125.017 1.704
202209 1.600 125.227 1.684
202212 1.614 125.222 1.698
202303 1.591 127.348 1.646
202306 1.610 128.729 1.648
202309 1.589 129.860 1.612
202312 1.611 129.419 1.640
202403 1.588 131.776 1.588

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


Sunway Real Estate Investment Trust  (XKLS:5176) 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.

Sunway Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.58/1.78
=0.89

* 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 Sunway Real Estate Investment Trust was 1.13. The lowest was 0.83. And the median was 0.91.


Be Aware

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


Sunway Real Estate Investment Trust Cyclically Adjusted Book per Share Related Terms

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


Sunway Real Estate Investment Trust (XKLS:5176) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Lagoon Timur, Level 15, Menara Sunway, Bandar Sunway, Subang Jaya, SGR, MYS, 47500
Sunway Real Estate Investment Trust provides unitholders with a diversified portfolio of retail, hospitality, office, and other real estate assets. Sunway REIT divides its property type into four categories: retail, hotel, office, and others. The retail properties, which include shopping malls and hypermarkets, generate the most revenue for the company. The retail properties' tenants include department stores, supermarkets, cinemas, entertainment centers, fashion stores, convention centers, and others. The investment trust focuses on retail and mixed-use assets in cities and townships in Malaysia.

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