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Arbor Realty Trust (FRA:OWQ) Cyclically Adjusted Book per Share : €11.52 (As of Mar. 2024)


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What is Arbor Realty Trust 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.

Arbor Realty Trust's adjusted book value per share for the three months ended in Mar. 2024 was €11.975. 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 €11.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arbor Realty Trust's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.80% 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 Arbor Realty Trust was 8.30% per year. The lowest was -8.50% per year. And the median was -3.55% per year.

As of today (2024-05-20), Arbor Realty Trust's current stock price is €12.745. Arbor Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.52. Arbor Realty Trust's Cyclically Adjusted PB Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arbor Realty Trust was 1.99. The lowest was 0.43. And the median was 1.02.


Arbor Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Arbor Realty Trust'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.

Arbor Realty Trust Cyclically Adjusted Book per Share Chart

Arbor Realty Trust 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 8.25 7.71 9.18 10.65 11.23

Arbor Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.66 10.72 11.36 11.23 11.52

Competitive Comparison of Arbor Realty Trust's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Arbor Realty Trust'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.


Arbor Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Arbor Realty Trust 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, Arbor Realty Trust'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)
=11.975/131.7762*131.7762
=11.975

Current CPI (Mar. 2024) = 131.7762.

Arbor Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.647 100.560 7.400
201409 6.839 100.428 8.974
201412 7.168 99.070 9.534
201503 8.373 99.621 11.076
201506 8.163 100.684 10.684
201509 8.329 100.392 10.933
201512 8.571 99.792 11.318
201603 8.250 100.470 10.821
201606 8.252 101.688 10.694
201609 8.340 101.861 10.789
201612 9.178 101.863 11.873
201703 9.150 102.862 11.722
201706 8.488 103.349 10.823
201709 8.036 104.136 10.169
201712 8.301 104.011 10.517
201803 8.115 105.290 10.156
201806 8.495 106.317 10.529
201809 8.015 106.507 9.917
201812 8.433 105.998 10.484
201903 8.440 107.251 10.370
201906 8.712 108.070 10.623
201909 8.992 108.329 10.938
201912 8.984 108.420 10.919
202003 8.073 108.902 9.769
202006 8.043 108.767 9.744
202009 8.082 109.815 9.698
202012 8.374 109.897 10.041
202103 9.041 111.754 10.661
202106 9.429 114.631 10.839
202109 9.791 115.734 11.148
202112 10.887 117.630 12.196
202203 11.365 121.301 12.346
202206 12.050 125.017 12.702
202209 12.879 125.227 13.553
202212 12.199 125.222 12.838
202303 12.133 127.348 12.555
202306 12.050 128.729 12.335
202309 12.283 129.860 12.464
202312 12.085 129.419 12.305
202403 11.975 131.776 11.975

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


Arbor Realty Trust  (FRA:OWQ) 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.

Arbor Realty Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.745/11.52
=1.11

* 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 Arbor Realty Trust was 1.99. The lowest was 0.43. And the median was 1.02.


Be Aware

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


Arbor Realty Trust Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Arbor Realty Trust's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Arbor Realty Trust (FRA:OWQ) Business Description

Industry
Traded in Other Exchanges
Address
333 Earle Ovington Boulevard, Suite 900, Uniondale, NY, USA, 11553
Arbor Realty Trust Inc is a specialized real estate finance company. It invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. In addition, it may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. The company has two business segments, Structured Business and Agency Business. It generates a majority of its revenue from the Structured Business Segment. The company is externally managed and advised by Arbor Commercial Mortgage, LLC.

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