Melisron (XTAE:MLSR) Cyclically Adjusted Book per Share: ₪212.24 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTAE:MLSR Melisron Ltd XTAE:MLSR
77 GF Score
Price ₪412.80
GF Value ₪383.33
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Melisron Cyclically Adjusted Book per Share?

Melisron XTAE:MLSR -2.34% 77 Cyclically Adjusted Book per Share is ₪212.24 as of Jun. 2026. GuruFocus rates XTAE:MLSR with a GF Score™ of 77/100 and a GF Value™ of ₪383.33 (Fairly Valued). The stock has 7 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.

Melisron's adjusted book value per share for the three months ended in Jun. 2026 was ₪284.942. 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 ₪212.24 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Melisron's average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.70% 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 Melisron was 12.90% per year. The lowest was 10.40% per year. And the median was 11.50% per year.

As of today (2026-09-11), Melisron's current stock price is ₪412.80. Melisron's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₪212.24. Melisron's Cyclically Adjusted PB Ratio of today is 1.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Melisron was 2.32. The lowest was 1.00. And the median was 1.72.


Melisron  (XTAE:MLSR) 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.

Melisron's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=412.80/212.24
=1.94

* 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 Melisron was 2.32. The lowest was 1.00. And the median was 1.72.


Be Aware

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


Melisron Cyclically Adjusted Book per Share Related Terms


Melisron Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Melisron'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.

Melisron Cyclically Adjusted Book per Share Chart

Melisron 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 130.40 147.84 164.82 180.80 199.06

Melisron Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 191.26 195.98 199.06 206.32 212.24

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

For the Real Estate Services subindustry, Melisron'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.


Melisron Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


XTAE:MLSR
77GF Score
Melisron Ltd XTAE:MLSR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melisron 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, Melisron's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=284.942/333.9520*333.9520
=284.942

Current CPI (Jun. 2026) = 333.9520.

Melisron Quarterly Data

Book Value per Share CPI Adj_Book
201609 103.773 241.428 143.543
201612 114.037 241.432 157.738
201703 114.037 243.801 156.205
201706 119.171 244.955 162.468
201709 121.669 246.819 164.621
201712 126.247 246.524 171.020
201803 127.795 249.554 171.015
201806 130.502 251.989 172.950
201809 131.484 252.439 173.940
201812 133.903 251.233 177.991
201903 135.590 254.202 178.128
201906 142.755 256.143 186.120
201909 144.635 256.759 188.119
201912 157.981 256.974 205.305
202003 154.915 258.115 200.431
202006 150.976 257.797 195.575
202009 152.641 260.280 195.846
202012 151.500 260.474 194.237
202103 154.529 264.877 194.827
202106 161.774 271.696 198.843
202109 167.952 274.310 204.469
202112 182.546 278.802 218.656
202203 187.281 287.504 217.537
202206 199.351 296.311 224.675
202209 201.407 296.808 226.612
202212 208.082 296.797 234.131
202303 206.229 301.836 228.172
202306 211.774 305.109 231.794
202309 213.027 307.789 231.135
202312 221.963 306.746 241.649
202403 224.595 312.332 240.142
202406 230.504 314.175 245.014
202409 235.217 315.301 249.131
202412 246.044 315.605 260.347
202503 249.138 319.799 260.164
202506 256.107 322.561 265.151
202509 260.239 324.800 267.572
202512 277.214 324.054 285.681
202603 280.713 330.213 283.892
202606 284.942 333.952 284.942

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 ₪212.24 mean?
Melisron (XTAE:MLSR) has a Cyclically Adjusted Book per Share of ₪212.24 as of Jun. 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 Melisron and its competitors.
Is Melisron's Cyclically Adjusted Book per Share too high?
Melisron's current Cyclically Adjusted Book per Share is ₪212.24. Overall, Melisron has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Melisron's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
Melisron's Cyclically Adjusted Book per Share of ₪212.24 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 Melisron and its competitors. Melisron's current Cyclically Adjusted Book per Share is ₪212.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melisron stock overvalued right now?
Based on GuruFocus' analysis, Melisron (XTAE:MLSR) is currently considered Fairly Valued. The stock's GF Value™ is ₪383.33, compared to a current price of ₪412.80 — trading 7.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₪212.24. Melisron's overall GF Score™ is 77/100 with 7 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 Melisron (XTAE:MLSR), the current Cyclically Adjusted Book per Share is ₪212.24 as of Jun. 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 Melisron (XTAE:MLSR) Overvalued in 2026?

Based on GuruFocus' analysis, Melisron stock appears to be overvalued. The current stock price of ₪412.80 is trading 7.7% above its estimated GF Value™ of ₪383.33. GuruFocus considers Melisron to be Fairly Valued.

Key valuation signals for XTAE:MLSR:

  • Cyclically Adjusted Book per Share: ₪212.24
  • GF Value™: ₪383.33 vs. price of ₪412.80 (7.7% above fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Melisron Business Description

Address 1 Abba Eban Boulevard, Beit Merkarim 2001, Herzlia, ISR
Melisron Ltd is an Israel-based real estate company. The company owns and operates, directly and indirectly through corporations under its control, shopping malls, commercial centers and office parks. It is also engaged in the development of residential and commercial real estates. In addition, the company operates in the field of initiating and constructing residential real estate and urban renewal.
77GF Score

Get the complete analysis for XTAE:MLSR

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

₪412.80
Price
₪383.33
GF Value