Gav-Yam Lands (XTAE:GVYM) Cyclically Adjusted PB Ratio : 1.61 (As of Jun. 20, 2024)

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What is Gav-Yam Lands Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Gav-Yam Lands's current share price is ₪24.29. Gav-Yam Lands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪15.11. Gav-Yam Lands's Cyclically Adjusted PB Ratio for today is 1.61.

The historical rank and industry rank for Gav-Yam Lands's Cyclically Adjusted PB Ratio or its related term are showing as below:

XTAE:GVYM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47 Med: 2.03 Max: 3.53
Current: 1.6

During the past years, Gav-Yam Lands's highest Cyclically Adjusted PB Ratio was 3.53. The lowest was 1.47. And the median was 2.03.

XTAE:GVYM's Cyclically Adjusted PB Ratio is ranked worse than
79.69% of 1413 companies
in the Real Estate industry
Industry Median: 0.69 vs XTAE:GVYM: 1.60

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.

Gav-Yam Lands's adjusted book value per share data for the three months ended in Mar. 2024 was ₪19.552. 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 ₪15.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Gav-Yam Lands Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gav-Yam Lands's Cyclically Adjusted PB Ratio 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.

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Gav-Yam Lands Cyclically Adjusted PB Ratio Chart

Gav-Yam Lands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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3.35

2.05

2.06

Gav-Yam Lands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															1.90	1.84	1.67	2.06	1.84

Competitive Comparison of Gav-Yam Lands's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Gav-Yam Lands'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.

Gav-Yam Lands's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Gav-Yam Lands's Cyclically Adjusted PB Ratio falls into.

Gav-Yam Lands Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Gav-Yam Lands's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	24.29	/	15.11
	=	1.61

Gav-Yam Lands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gav-Yam Lands's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	19.552	/	131.7762	*	131.7762
	=	19.552

Current CPI (Mar. 2024) = 131.7762.

Gav-Yam Lands Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	0.000	99.695	0.000
201409	0.000	100.428	0.000
201412	7.932	99.070	10.551
201503	7.699	99.621	10.184
201506	0.000	100.684	0.000
201509	0.000	100.392	0.000
201512	8.713	99.792	11.506
201603	8.379	100.470	10.990
201606	9.003	101.688	11.667
201609	9.265	101.861	11.986
201612	9.794	101.863	12.670
201703	9.147	102.862	11.718
201706	11.006	103.349	14.033
201709	10.717	104.136	13.562
201712	10.985	104.011	13.917
201803	10.385	105.290	12.997
201806	10.853	106.317	13.452
201809	11.168	106.507	13.818
201812	11.436	105.998	14.217
201903	10.819	107.251	13.293
201906	11.338	108.070	13.825
201909	11.853	108.329	14.418
201912	12.683	108.420	15.415
202003	12.042	108.902	14.571
202006	12.343	108.767	14.954
202009	12.565	109.815	15.078
202012	12.979	109.897	15.563
202103	12.688	111.754	14.961
202106	13.923	114.631	16.005
202109	14.979	115.734	17.055
202112	16.836	117.630	18.861
202203	15.577	121.301	16.922
202206	17.941	125.017	18.911
202209	18.082	125.227	19.028
202212	18.530	125.222	19.500
202303	18.544	127.348	19.189
202306	19.443	128.729	19.903
202309	19.597	129.860	19.886
202312	19.553	129.419	19.909
202403	19.552	131.776	19.552

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

Gav-Yam Lands (XTAE:GVYM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.

Gav-Yam Lands Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Gav-Yam Lands's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Gav-Yam Lands (XTAE:GVYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gav-Yam Lands Corp Ltd (XTAE:GVYM) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

9 Andrei Sakharov Street, Matam Tower 1, P.O. Box 15041, Haifa, ISR, 31905

Website

https://www.gav-yam.co.il

Gav-Yam Lands Corp Ltd is an Israeli real estate company, engaged directly and through its subsidiaries in the initiation, planning, establishing, and managing of high-technology parks, industrial parks, commerce, and office buildings, logistics centers, and residential neighborhoods. The company has been involved in many commercial, industrial, and residential developments throughout Israel. The company's well-known projects include Gav-Yam Center Herzliya, a six-building complex, including an underground parking lot, Matam Park - Haifa, an international business & Hi-Tech park, Gav-Yam Park - Caesarea, a modern park designed to populate companies from various industries.

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