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Montea NV (XBRU:MONT) Cyclically Adjusted Book per Share : €46.80 (As of Dec. 2023)


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What is Montea NV 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.

Montea NV's adjusted book value per share for the three months ended in Dec. 2023 was €75.744. 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 €46.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Montea NV's average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -52.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -41.10% 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 Montea NV was 0.30% per year. The lowest was -54.70% per year. And the median was -52.50% per year.

As of today (2024-04-29), Montea NV's current stock price is €79.90. Montea NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €46.80. Montea NV's Cyclically Adjusted PB Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Montea NV was 2.71. The lowest was 0.11. And the median was 0.23.


Montea NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Montea NV'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.

Montea NV Cyclically Adjusted Book per Share Chart

Montea NV 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 443.56 437.16 465.78 41.18 46.80

Montea NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 41.18 42.36 43.41 45.08 46.80

Competitive Comparison of Montea NV's Cyclically Adjusted Book per Share

For the REIT - Industrial subindustry, Montea NV'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.


Montea NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Montea NV 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, Montea NV's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=75.744/128.2922*128.2922
=75.744

Current CPI (Dec. 2023) = 128.2922.

Montea NV Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.912 99.819 24.307
201406 19.577 99.482 25.246
201409 19.612 99.195 25.365
201412 19.939 99.086 25.816
201503 20.248 99.423 26.127
201506 20.071 100.107 25.722
201509 20.831 100.245 26.659
201512 21.451 100.572 27.363
201603 22.499 101.653 28.395
201606 21.544 102.267 27.027
201609 22.117 102.118 27.786
201612 24.047 102.614 30.065
201703 24.773 103.972 30.568
201706 23.597 103.902 29.136
201709 27.109 104.170 33.387
201712 27.694 104.804 33.901
201803 28.641 105.419 34.855
201806 28.917 106.063 34.978
201809 33.469 106.618 40.273
201812 32.677 107.252 39.087
201903 39.437 107.876 46.901
201906 39.309 107.896 46.740
201909 40.570 107.470 48.430
201912 43.129 108.065 51.202
202003 43.506 108.550 51.418
202006 44.197 108.540 52.240
202009 47.077 108.441 55.695
202012 50.882 108.511 60.158
202103 55.800 109.522 65.363
202106 56.517 110.305 65.733
202109 59.339 111.543 68.249
202112 62.649 114.705 70.070
202203 66.977 118.620 72.439
202206 71.516 120.948 75.858
202209 73.833 124.120 76.315
202212 72.322 126.578 73.302
202303 71.118 126.528 72.110
202306 71.849 125.973 73.172
202309 74.286 127.083 74.993
202312 75.744 128.292 75.744

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


Montea NV  (XBRU:MONT) 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.

Montea NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=79.90/46.8
=1.71

* 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 Montea NV was 2.71. The lowest was 0.11. And the median was 0.23.


Be Aware

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


Montea NV Cyclically Adjusted Book per Share Related Terms

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


Montea NV (XBRU:MONT) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Montea NV (XBRU:MONT) » Definitions » Cyclically Adjusted Book per Share
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Address
Industriezone III Zuid, Industrielaan 27 - Box 6, Erembodegem, BEL, 9320
Montea Comm.VA is a real estate investment trust under Belgian law. It is engaged in the development and management of logistics and semi-industrial real estate properties. Geographically its portfolio is located in Belgium, the Netherlands, Germany, and France. The revenue is generated from gross rental income and proceeds resulting from the services and the management of the buildings.

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