GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lahav L R Real Estate Ltd (XTAE:LAHAV) » Definitions » Cyclically Adjusted Book per Share

Lahav L R Real Estate (XTAE:LAHAV) Cyclically Adjusted Book per Share : ₪2.42 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Lahav L R Real Estate 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.

Lahav L R Real Estate's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was ₪4.340. 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 ₪2.42 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Lahav L R Real Estate's average Cyclically Adjusted Book Growth Rate was 13.10% 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 (2024-05-23), Lahav L R Real Estate's current stock price is ₪ 3.566. Lahav L R Real Estate's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was ₪2.42. Lahav L R Real Estate's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Lahav L R Real Estate was 2.05. The lowest was 1.30. And the median was 1.48.


Lahav L R Real Estate Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lahav L R 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.

* Premium members only.

Lahav L R Real Estate Cyclically Adjusted Book per Share Chart

Lahav L R Real Estate 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 - - - 2.14 2.42

Lahav L R Real Estate 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 2.14 - - - 2.42

Competitive Comparison of Lahav L R Real Estate's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Lahav L R 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.


Lahav L R Real Estate's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Lahav L R Real Estate's Cyclically Adjusted PB Ratio falls into.



Lahav L R 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, Lahav L R Real Estate's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.34/129.4194*129.4194
=4.340

Current CPI (Dec. 2023) = 129.4194.

Lahav L R Real Estate Annual Data

Book Value per Share CPI Adj_Book
201412 1.201 99.070 1.569
201512 1.102 99.792 1.429
201612 1.209 101.863 1.536
201712 1.352 104.011 1.682
201812 1.342 105.998 1.639
201912 0.979 108.420 1.169
202012 2.639 109.897 3.108
202112 3.204 117.630 3.525
202212 4.101 125.222 4.238
202312 4.340 129.419 4.340

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


Lahav L R Real Estate  (XTAE:LAHAV) 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.

Lahav L R Real Estate's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.566/2.42
=1.47

* 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 Lahav L R Real Estate was 2.05. The lowest was 1.30. And the median was 1.48.


Be Aware

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


Lahav L R Real Estate Cyclically Adjusted Book per Share Related Terms

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


Lahav L R Real Estate (XTAE:LAHAV) Business Description

Traded in Other Exchanges
N/A
Address
89 Medinat Hayehudim Street, 12th Floor, E Building, P.O. Box 4199, Herzliya, ISR, 46766
Lahav L R Real Estate Ltd invests in income yielding properties in Israel. It is a part of Gaon Group. The company is engaged in income-producing real estate in Western Europe and in solar energy. Its real estate properties include shopping centers and office buildings.

Lahav L R Real Estate (XTAE:LAHAV) Headlines

No Headlines