Vitania (XTAE:VTNA) Cyclically Adjusted Book per Share: ₪21.81 (As of Mar. 2026)

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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.
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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:VTNA Vitania Ltd XTAE:VTNA
74 GF Score
Price ₪16.91
GF Value ₪25.71
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Vitania Cyclically Adjusted Book per Share?

Vitania XTAE:VTNA -1.51% 74 Cyclically Adjusted Book per Share is ₪21.81 as of Mar. 2026. GuruFocus rates XTAE:VTNA with a GF Score™ of 74/100 and a GF Value™ of ₪25.71 (Possible Value Trap). 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.

Vitania's adjusted book value per share for the three months ended in Mar. 2026 was ₪22.253. 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 ₪21.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vitania's average Cyclically Adjusted Book Growth Rate was 7.30% 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 (2026-07-18), Vitania's current stock price is ₪16.91. Vitania's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₪21.81. Vitania's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vitania was 1.27. The lowest was 0.11. And the median was 0.91.


Vitania  (XTAE:VTNA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.91/21.81
=0.78

* 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 Vitania was 1.27. The lowest was 0.11. And the median was 0.91.


Be Aware

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


Vitania Cyclically Adjusted Book per Share Related Terms


Vitania Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Vitania'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.

Vitania Cyclically Adjusted Book per Share Chart

Vitania 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 53.23 21.39

Vitania 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 20.32 20.81 21.25 21.39 21.81

Vitania Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Vitania'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.


Vitania Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


XTAE:VTNA
74GF Score
Vitania Ltd XTAE:VTNA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitania 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, Vitania'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)
=22.253/330.2130*330.2130
=22.253

Current CPI (Mar. 2026) = 330.2130.

Vitania Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 12.453 241.432 17.032
201703 12.112 243.801 16.405
201706 12.276 244.955 16.549
201709 12.526 246.819 16.758
201712 13.569 246.524 18.175
201803 13.280 249.554 17.572
201806 13.538 251.989 17.741
201809 13.803 252.439 18.056
201812 15.034 251.233 19.760
201903 14.685 254.202 19.076
201906 14.865 256.143 19.164
201909 14.891 256.759 19.151
201912 17.313 256.974 22.247
202003 16.687 258.115 21.348
202006 16.730 257.797 21.430
202009 16.734 260.280 21.230
202012 18.869 260.474 23.921
202103 18.366 264.877 22.896
202106 18.538 271.696 22.531
202109 18.752 274.310 22.574
202112 20.990 278.802 24.861
202203 20.359 287.504 23.383
202206 20.939 296.311 23.335
202209 21.159 296.808 23.540
202212 22.482 296.797 25.013
202303 22.297 301.836 24.393
202306 22.716 305.109 24.585
202309 22.810 307.789 24.472
202312 23.227 306.746 25.004
202403 22.878 312.332 24.188
202406 23.392 314.175 24.586
202409 23.317 315.301 24.420
202412 24.399 315.605 25.528
202503 24.491 319.799 25.289
202506 23.507 322.561 24.065
202509 23.433 324.800 23.824
202512 22.110 324.054 22.530
202603 22.253 330.213 22.253

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 ₪21.81 mean?
Vitania (XTAE:VTNA) has a Cyclically Adjusted Book per Share of ₪21.81 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 Vitania and its competitors.
Is Vitania's Cyclically Adjusted Book per Share too high?
Vitania's current Cyclically Adjusted Book per Share is ₪21.81. Overall, Vitania has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vitania's Cyclically Adjusted Book per Share compare to competitors?
Vitania's Cyclically Adjusted Book per Share of ₪21.81 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 Vitania and its competitors. Vitania's current Cyclically Adjusted Book per Share is ₪21.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitania stock overvalued right now?
Based on GuruFocus' analysis, Vitania (XTAE:VTNA) is currently considered Possible Value Trap. The stock's GF Value™ is ₪25.71, compared to a current price of ₪16.91 — trading 34.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₪21.81. Vitania's overall GF Score™ is 74/100 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 Vitania (XTAE:VTNA), the current Cyclically Adjusted Book per Share is ₪21.81 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 Vitania (XTAE:VTNA) Overvalued in 2026?

Based on GuruFocus' analysis, Vitania stock appears to be undervalued. The current stock price of ₪16.91 is trading 34.2% below its estimated GF Value™ of ₪25.71. GuruFocus considers Vitania to be Possible Value Trap.

Key valuation signals for XTAE:VTNA:

  • Cyclically Adjusted Book per Share: ₪21.81
  • GF Value™: ₪25.71 vs. price of ₪16.91 (34.2% below fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Vitania Business Description

Address 4 Raul Walenberg Street, Ramat Hachayal, Tel Aviv, ISR
Vitania Ltd is a real estate developer in Israel. The company initiates, develops, constructs, rents and operates yielding properties, which include offices, commercial areas, and shops. It has projects and properties located in areas such as Tel Aviv, Herzliya Pituach and Or Yehuda.
74GF Score

Get the complete analysis for XTAE:VTNA

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

₪16.91
Price
₪25.71
GF Value