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Stag Industrial (Stag Industrial) Cyclically Adjusted Book per Share : $16.99 (As of Mar. 2024)


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What is Stag Industrial 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.

Stag Industrial's adjusted book value per share for the three months ended in Mar. 2024 was $18.407. 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 $16.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stag Industrial's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 Stag Industrial was 13.00% per year. The lowest was 10.30% per year. And the median was 12.60% per year.

As of today (2024-05-26), Stag Industrial's current stock price is $35.11. Stag Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $16.99. Stag Industrial's Cyclically Adjusted PB Ratio of today is 2.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stag Industrial was 3.42. The lowest was 1.78. And the median was 2.59.


Stag Industrial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Stag Industrial'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.

Stag Industrial Cyclically Adjusted Book per Share Chart

Stag Industrial 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 10.78 12.36 14.03 15.56 16.58

Stag Industrial 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 15.94 16.25 16.52 16.58 16.99

Competitive Comparison of Stag Industrial's Cyclically Adjusted Book per Share

For the REIT - Industrial subindustry, Stag Industrial'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.


Stag Industrial's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Stag Industrial 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, Stag Industrial'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)
=18.407/131.7762*131.7762
=18.407

Current CPI (Mar. 2024) = 131.7762.

Stag Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.686 100.560 14.003
201409 10.641 100.428 13.963
201412 11.254 99.070 14.969
201503 11.037 99.621 14.599
201506 11.075 100.684 14.495
201509 10.565 100.392 13.868
201512 10.039 99.792 13.257
201603 9.592 100.470 12.581
201606 8.992 101.688 11.653
201609 9.461 101.861 12.240
201612 10.977 101.863 14.201
201703 11.023 102.862 14.122
201706 12.000 103.349 15.301
201709 12.241 104.136 15.490
201712 12.514 104.011 15.855
201803 12.413 105.290 15.536
201806 13.059 106.317 16.186
201809 13.278 106.507 16.428
201812 13.719 105.998 17.055
201903 13.915 107.251 17.097
201906 14.487 108.070 17.665
201909 14.848 108.329 18.062
201912 15.618 108.420 18.982
202003 16.013 108.902 19.377
202006 15.772 108.767 19.108
202009 15.612 109.815 18.734
202012 16.694 109.897 20.018
202103 16.586 111.754 19.558
202106 16.578 114.631 19.057
202109 17.439 115.734 19.856
202112 18.719 117.630 20.970
202203 18.974 121.301 20.613
202206 18.874 125.017 19.894
202209 19.093 125.227 20.092
202212 18.883 125.222 19.871
202303 18.692 127.348 19.342
202306 18.739 128.729 19.183
202309 18.841 129.860 19.119
202312 18.574 129.419 18.912
202403 18.407 131.776 18.407

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


Stag Industrial  (NYSE:STAG) 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.

Stag Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.11/16.99
=2.07

* 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 Stag Industrial was 3.42. The lowest was 1.78. And the median was 2.59.


Be Aware

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


Stag Industrial Cyclically Adjusted Book per Share Related Terms

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


Stag Industrial (Stag Industrial) Business Description

Industry
Traded in Other Exchanges
Address
One Federal Street, 23rd Floor, Boston, MA, USA, 02110
Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.
Executives
Jaclyn Paul officer: Chief Accounting Officer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey M Sullivan officer: EVP, GC and Secretary ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
William R Crooker officer: Chief Accounting Officer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Benjamin S Butcher director, officer: Chairman, CEO and President ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Steven T. Kimball officer: EVP ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michael Chase officer: EVP and CIO ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Hans S Weger director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Michelle Dilley director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jit Kee Chin director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jacoby Francis X Iii director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jeffrey D. Furber director AEW CAPITAL MANAGEMENT, L.P., TWO SEAPORT LANE, BOSTON MA 02210
Virgis Colbert director 5725 DELPHI DRIVE, TROY MI 48098
Christopher P Marr director 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matts Pinard officer: EVP, CFO and Treasurer ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Stephen C Mecke officer: COO and EVP ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110