Blue Square Real Estate (XTAE:BLSR) Cyclically Adjusted Book per Share: ₪261.84 (As of Mar. 2026)

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XTAE:BLSR Blue Square Real Estate Ltd XTAE:BLSR
78 GF Score
Price ₪313.00
GF Value ₪247.49
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Blue Square Real Estate Cyclically Adjusted Book per Share?

Blue Square Real Estate XTAE:BLSR -3.16% 78 Cyclically Adjusted Book per Share is ₪261.84 as of Mar. 2026. GuruFocus rates XTAE:BLSR with a GF Score™ of 78/100 and a GF Value™ of ₪247.49 (Modestly Overvalued). The stock has 8 warning signs investors should review.

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.

Blue Square Real Estate's adjusted book value per share for the three months ended in Mar. 2026 was ₪348.889. 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 ₪261.84 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Blue Square Real Estate's average Cyclically Adjusted Book Growth Rate was 9.80% 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 (2026-07-14), Blue Square Real Estate's current stock price is ₪313.00. Blue Square Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₪261.84. Blue Square Real Estate's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blue Square Real Estate was 1.87. The lowest was 1.19. And the median was 1.52.


Blue Square Real Estate  (XTAE:BLSR) 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.

Blue Square Real Estate's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=313.00/261.84
=1.20

* 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 Blue Square Real Estate was 1.87. The lowest was 1.19. And the median was 1.52.


Be Aware

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


Blue Square Real Estate Cyclically Adjusted Book per Share Related Terms


Blue Square Real Estate Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Blue Square Real Estate'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.

Blue Square Real Estate Cyclically Adjusted Book per Share Chart

Blue Square Real Estate Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 254.65

Blue Square Real Estate Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 238.41 244.96 250.86 254.65 261.84

XTAE:BLSR vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, Blue Square Real Estate'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.


Blue Square Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Blue Square Real Estate's Cyclically Adjusted PB Ratio falls into.


XTAE:BLSR
78GF Score
Blue Square Real Estate Ltd XTAE:BLSR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Square Real Estate 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, Blue Square Real Estate's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=348.889/330.2130*330.2130
=348.889

Current CPI (Mar. 2026) = 330.2130.

Blue Square Real Estate Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 152.067 241.432 207.986
201703 151.459 243.801 205.142
201706 154.297 244.955 208.001
201709 155.154 246.819 207.577
201712 157.009 246.524 210.310
201803 154.758 249.554 204.778
201806 155.260 251.989 203.457
201809 161.900 252.439 211.780
201812 160.883 251.233 211.460
201903 163.779 254.202 212.752
201906 167.290 256.143 215.666
201909 168.782 256.759 217.067
201912 187.374 256.974 240.777
202003 187.189 258.115 239.476
202006 184.963 257.797 236.920
202009 189.970 260.280 241.012
202012 192.814 260.474 244.438
202103 198.087 264.877 246.948
202106 220.135 271.696 267.547
202109 222.895 274.310 268.320
202112 229.031 278.802 271.264
202203 233.679 287.504 268.392
202206 239.154 296.311 266.516
202209 240.650 296.808 267.735
202212 248.381 296.797 276.346
202303 244.239 301.836 267.201
202306 255.472 305.109 276.492
202309 261.109 307.789 280.132
202312 284.172 306.746 305.912
202403 287.026 312.332 303.458
202406 296.468 314.175 311.602
202409 299.673 315.301 313.846
202412 314.598 315.605 329.159
202503 311.133 319.799 321.265
202506 335.234 322.561 343.187
202509 337.408 324.800 343.031
202512 347.630 324.054 354.237
202603 348.889 330.213 348.889

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

What does a Cyclically Adjusted Book per Share of ₪261.84 mean?
Blue Square Real Estate (XTAE:BLSR) has a Cyclically Adjusted Book per Share of ₪261.84 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Blue Square Real Estate and its competitors.
Is Blue Square Real Estate's Cyclically Adjusted Book per Share too high?
Blue Square Real Estate's current Cyclically Adjusted Book per Share is ₪261.84. Overall, Blue Square Real Estate has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Square Real Estate's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
Blue Square Real Estate's Cyclically Adjusted Book per Share of ₪261.84 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Blue Square Real Estate and its competitors. Blue Square Real Estate's current Cyclically Adjusted Book per Share is ₪261.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Square Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Blue Square Real Estate (XTAE:BLSR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪247.49, compared to a current price of ₪313.00 — trading 26.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₪261.84. Blue Square Real Estate's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Blue Square Real Estate (XTAE:BLSR), the current Cyclically Adjusted Book per Share is ₪261.84 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blue Square Real Estate (XTAE:BLSR) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Square Real Estate stock appears to be overvalued. The current stock price of ₪313.00 is trading 26.5% above its estimated GF Value™ of ₪247.49. GuruFocus considers Blue Square Real Estate to be Modestly Overvalued.

Key valuation signals for XTAE:BLSR:

  • Cyclically Adjusted Book per Share: ₪261.84
  • GF Value™: ₪247.49 vs. price of ₪313.00 (26.5% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the XTAE:BLSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blue Square Real Estate Business Description

Address 132 Menachem Begin Road, 18th Floor, Azrieli Towers, Round Tower, Tel Aviv, ISR, 60972
Blue Square Real Estate Ltd is engaged in the development and rental of real estate properties. The company is engaged in innovation, development, and the improvement of commercial properties, shopping malls, logistics centers, and office towers. The company also undertakes residential, mixed-use, and urban renewal projects in high-demand regions.
78GF Score

Get the complete analysis for XTAE:BLSR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₪313.00
Price
₪247.49
GF Value