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Azrieli Group (XTAE:AZRG) Cyclically Adjusted Book per Share : ₪179.39 (As of Mar. 2025)


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What is Azrieli Group 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.

Azrieli Group's adjusted book value per share for the three months ended in Mar. 2025 was ₪199.006. 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 ₪179.39 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Azrieli Group's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Azrieli Group was 7.20% per year. The lowest was 7.20% per year. And the median was 7.20% per year.

As of today (2025-07-07), Azrieli Group's current stock price is ₪336.70. Azrieli Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₪179.39. Azrieli Group's Cyclically Adjusted PB Ratio of today is 1.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Azrieli Group was 2.25. The lowest was 1.03. And the median was 1.58.


Azrieli Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Azrieli Group'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.

Azrieli Group Cyclically Adjusted Book per Share Chart

Azrieli Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 142.59 155.06 165.78 175.77

Azrieli Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 170.09 172.41 174.36 175.77 179.39

Competitive Comparison of Azrieli Group's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Azrieli Group'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.


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

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

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


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Azrieli Group 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, Azrieli Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=199.006/134.9266*134.9266
=199.006

Current CPI (Mar. 2025) = 134.9266.

Azrieli Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 111.016 100.684 148.773
201509 111.682 100.392 150.101
201512 113.556 99.792 153.536
201603 115.651 100.470 155.313
201606 117.869 101.688 156.397
201609 120.287 101.861 159.334
201612 125.939 101.863 166.818
201703 123.487 102.862 161.981
201706 128.844 103.349 168.211
201709 131.239 104.136 170.044
201712 134.251 104.011 174.155
201803 132.198 105.290 169.409
201806 134.399 106.317 170.566
201809 137.261 106.507 173.887
201812 140.815 105.998 179.246
201903 138.671 107.251 174.455
201906 141.631 108.070 176.829
201909 143.494 108.329 178.725
201912 152.829 108.420 190.193
202003 149.761 108.902 185.551
202006 148.252 108.767 183.908
202009 149.151 109.815 183.258
202012 149.258 109.897 183.253
202103 147.922 111.754 178.594
202106 150.363 114.631 176.984
202109 152.623 115.734 177.933
202112 171.036 117.630 196.186
202203 169.683 121.301 188.743
202206 176.709 125.017 190.716
202209 178.465 125.227 192.289
202212 182.011 125.222 196.117
202303 178.952 127.348 189.602
202306 183.157 128.729 191.975
202309 187.882 129.860 195.213
202312 194.132 129.419 202.393
202403 188.360 131.776 192.863
202406 191.790 132.554 195.223
202409 196.136 133.029 198.934
202412 196.309 133.157 198.918
202503 199.006 134.927 199.006

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


Azrieli Group  (XTAE:AZRG) 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.

Azrieli Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=336.70/179.39
=1.88

* 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 Azrieli Group was 2.25. The lowest was 1.03. And the median was 1.58.


Be Aware

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


Azrieli Group Cyclically Adjusted Book per Share Related Terms

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


Azrieli Group Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 Azrieli Center, Tel Aviv, ISR, 6702101
Azrieli Group Ltd manages and operates companies that own properties across Israel, subsidiaries in the energy, water, and environment industries, a card company, and a bank. The company's income-producing properties include shopping malls, office towers, industrial buildings, and residential properties. In addition to owning properties in Israel, the portfolio consists of a minor number of international properties. Under the energy business, holdings include marketing and distribution of refined oil and water desalination, wastewater purification, and sludge treatment facilities.

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