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Bul Land Inv Re (XBUL:LAND) Cyclically Adjusted Book per Share : лв1.41 (As of Dec. 2023)


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What is Bul Land Inv Re 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.

Bul Land Inv Re's adjusted book value per share for the three months ended in Dec. 2023 was лв1.125. 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 лв1.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bul Land Inv Re's average Cyclically Adjusted Book Growth Rate was 0.70% 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 (2024-04-29), Bul Land Inv Re's current stock price is лв0.90. Bul Land Inv Re's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was лв1.41. Bul Land Inv Re's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bul Land Inv Re was 0.67. The lowest was 0.45. And the median was 0.57.


Bul Land Inv Re Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bul Land Inv Re'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.

Bul Land Inv Re Cyclically Adjusted Book per Share Chart

Bul Land Inv Re 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 - - - 1.40 1.41

Bul Land Inv Re Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 1.42 1.40 1.41 1.43 1.41

Competitive Comparison of Bul Land Inv Re's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Bul Land Inv Re'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.


Bul Land Inv Re's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Bul Land Inv Re's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bul Land Inv Re's Cyclically Adjusted PB Ratio falls into.



Bul Land Inv Re 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, Bul Land Inv Re'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)
=1.125/129.4194*129.4194
=1.125

Current CPI (Dec. 2023) = 129.4194.

Bul Land Inv Re Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.401 98.326 1.844
201403 0.000 99.695 0.000
201406 1.429 100.560 1.839
201409 1.324 100.428 1.706
201412 1.323 99.070 1.728
201503 1.340 99.621 1.741
201506 1.350 100.684 1.735
201509 1.194 100.392 1.539
201512 1.211 99.792 1.571
201603 1.226 100.470 1.579
201606 1.234 101.688 1.571
201609 1.191 101.861 1.513
201612 1.097 101.863 1.394
201703 1.107 102.862 1.393
201706 1.121 103.349 1.404
201709 1.123 104.136 1.396
201712 1.136 104.011 1.414
201803 1.150 105.290 1.414
201806 1.164 106.317 1.417
201809 1.176 106.507 1.429
201812 1.092 105.998 1.333
201903 1.105 107.251 1.333
201906 1.115 108.070 1.335
201909 1.115 108.329 1.332
201912 1.122 108.420 1.339
202003 1.124 108.902 1.336
202006 1.119 108.767 1.331
202009 1.123 109.815 1.323
202012 1.160 109.897 1.366
202103 1.153 111.754 1.335
202106 1.157 114.631 1.306
202109 1.191 115.734 1.332
202112 1.167 117.630 1.284
202203 1.168 121.301 1.246
202206 1.139 125.017 1.179
202209 1.150 125.227 1.189
202212 1.152 125.222 1.191
202303 1.145 127.348 1.164
202309 1.148 129.860 1.144
202312 1.125 129.419 1.125

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


Bul Land Inv Re  (XBUL:LAND) 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.

Bul Land Inv Re's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.90/1.41
=0.64

* 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 Bul Land Inv Re was 0.67. The lowest was 0.45. And the median was 0.57.


Be Aware

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


Bul Land Inv Re Cyclically Adjusted Book per Share Related Terms

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


Bul Land Inv Re (XBUL:LAND) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Bul Land Inv Re (XBUL:LAND) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
43 Hristofor Kolumb Boulevard ap. 3, Sofia, BGR, 1592
Bul Land Inv Re is an investment company for securitization of agricultural land. The objective is to provide shareholders with a growing value of the company's shares and current income through the distribution of dividends.

Bul Land Inv Re (XBUL:LAND) Headlines

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