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Hagag Group Real Estate Development (XTAE:HGG) Cyclically Adjusted Book per Share : ₪10.27 (As of Dec. 2023)


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What is Hagag Group Real Estate Development 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.

Hagag Group Real Estate Development's adjusted book value per share for the three months ended in Dec. 2023 was ₪18.860. 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 ₪10.27 for the trailing ten years ended in Dec. 2023.

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 (2024-05-23), Hagag Group Real Estate Development's current stock price is ₪16.50. Hagag Group Real Estate Development's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₪10.27. Hagag Group Real Estate Development's Cyclically Adjusted PB Ratio of today is 1.61.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Hagag Group Real Estate Development was 1.73. The lowest was 0.87. And the median was 1.37.


Hagag Group Real Estate Development Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hagag Group Real Estate Development'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.

Hagag Group Real Estate Development Cyclically Adjusted Book per Share Chart

Hagag Group Real Estate Development 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 - - - - 10.27

Hagag Group Real Estate Development Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 10.07 10.27

Competitive Comparison of Hagag Group Real Estate Development's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Hagag Group Real Estate Development'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.


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

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

* The bar in red indicates where Hagag Group Real Estate Development's Cyclically Adjusted PB Ratio falls into.



Hagag Group Real Estate Development 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, Hagag Group Real Estate Development's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=18.86/129.4194*129.4194
=18.860

Current CPI (Dec. 2023) = 129.4194.

Hagag Group Real Estate Development Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 2.356 99.070 3.078
201503 2.500 99.621 3.248
201506 2.896 100.684 3.723
201509 2.887 100.392 3.722
201512 3.131 99.792 4.061
201603 3.353 100.470 4.319
201606 3.552 101.688 4.521
201609 3.932 101.861 4.996
201612 4.079 101.863 5.182
201703 4.228 102.862 5.320
201706 5.454 103.349 6.830
201709 5.978 104.136 7.429
201712 6.067 104.011 7.549
201803 7.779 105.290 9.562
201806 8.236 106.317 10.026
201809 8.365 106.507 10.165
201812 8.381 105.998 10.233
201903 8.762 107.251 10.573
201906 8.897 108.070 10.655
201909 9.523 108.329 11.377
201912 9.854 108.420 11.763
202003 10.361 108.902 12.313
202006 10.359 108.767 12.326
202009 10.142 109.815 11.953
202012 10.548 109.897 12.422
202103 10.860 111.754 12.577
202106 10.921 114.631 12.330
202109 11.794 115.734 13.189
202112 12.136 117.630 13.352
202203 13.945 121.301 14.878
202206 14.769 125.017 15.289
202209 15.049 125.227 15.553
202212 15.481 125.222 16.000
202303 16.546 127.348 16.815
202306 16.814 128.729 16.904
202309 17.075 129.860 17.017
202312 18.860 129.419 18.860

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


Hagag Group Real Estate Development  (XTAE:HGG) 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.

Hagag Group Real Estate Development's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.50/10.27
=1.61

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Hagag Group Real Estate Development was 1.73. The lowest was 0.87. And the median was 1.37.


Be Aware

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


Hagag Group Real Estate Development Cyclically Adjusted Book per Share Related Terms

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


Hagag Group Real Estate Development (XTAE:HGG) Business Description

Traded in Other Exchanges
N/A
Address
30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021
Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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