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CoStar Group (FRA:RLG) Cyclically Adjusted Book per Share : €10.52 (As of Mar. 2024)


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What is CoStar Group 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.

CoStar Group's adjusted book value per share for the three months ended in Mar. 2024 was €16.543. 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 €10.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CoStar Group's average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 22.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 19.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CoStar Group was 23.60% per year. The lowest was 9.20% per year. And the median was 15.50% per year.

As of today (2024-04-28), CoStar Group's current stock price is €83.00. CoStar Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.52. CoStar Group's Cyclically Adjusted PB Ratio of today is 7.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CoStar Group was 15.92. The lowest was 6.09. And the median was 8.67.


CoStar Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for CoStar Group'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.

CoStar Group Cyclically Adjusted Book per Share Chart

CoStar Group 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 4.38 4.88 6.70 8.68 9.95

CoStar Group 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 8.89 9.64 10.02 9.95 10.52

Competitive Comparison of CoStar Group's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, CoStar Group'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.


CoStar Group's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



CoStar Group 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, CoStar Group'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)
=16.543/129.4194*129.4194
=16.543

Current CPI (Mar. 2024) = 129.4194.

CoStar Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.352 100.560 4.314
201409 3.580 100.428 4.613
201412 3.798 99.070 4.962
201503 4.318 99.621 5.610
201506 4.133 100.684 5.313
201509 4.141 100.392 5.338
201512 4.359 99.792 5.653
201603 4.325 100.470 5.571
201606 4.329 101.688 5.510
201609 4.425 101.861 5.622
201612 4.810 101.863 6.111
201703 4.807 102.862 6.048
201706 4.655 103.349 5.829
201709 4.504 104.136 5.598
201712 6.205 104.011 7.721
201803 6.242 105.290 7.673
201806 6.705 106.317 8.162
201809 6.889 106.507 8.371
201812 7.288 105.998 8.898
201903 7.561 107.251 9.124
201906 7.742 108.070 9.271
201909 8.174 108.329 9.765
201912 8.359 108.420 9.978
202003 8.530 108.902 10.137
202006 11.780 108.767 14.017
202009 11.451 109.815 13.495
202012 11.211 109.897 13.203
202103 11.589 111.754 13.421
202106 11.616 114.631 13.115
202109 12.059 115.734 13.485
202112 12.799 117.630 14.082
202203 13.297 121.301 14.187
202206 14.061 125.017 14.556
202209 16.659 125.227 17.217
202212 15.947 125.222 16.482
202303 15.961 127.348 16.221
202306 16.064 128.729 16.150
202309 16.556 129.860 16.500
202312 16.490 129.419 16.490
202403 16.543 129.419 16.543

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


CoStar Group  (FRA:RLG) 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.

CoStar Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=83.00/10.52
=7.89

* 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 CoStar Group was 15.92. The lowest was 6.09. And the median was 8.67.


Be Aware

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


CoStar Group Cyclically Adjusted Book per Share Related Terms

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


CoStar Group (FRA:RLG) Business Description

Industry
Traded in Other Exchanges
Address
1331 L Street, Northwest, WA, USA, 20005
CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica, with more than 80% of its revenue classified as subscription-based. The company also recently expanded its presence in Canada, the United Kingdom, Spain, and France.

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