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ACRES Commercial Realty (ACRES Commercial Realty) Cyclically Adjusted Book per Share : $70.53 (As of Mar. 2024)


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What is ACRES Commercial Realty 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.

ACRES Commercial Realty's adjusted book value per share for the three months ended in Mar. 2024 was $56.311. 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 $70.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ACRES Commercial Realty's average Cyclically Adjusted Book Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.60% 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 ACRES Commercial Realty was -0.10% per year. The lowest was -7.80% per year. And the median was -5.50% per year.

As of today (2024-06-06), ACRES Commercial Realty's current stock price is $12.60. ACRES Commercial Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $70.53. ACRES Commercial Realty's Cyclically Adjusted PB Ratio of today is 0.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ACRES Commercial Realty was 0.59. The lowest was 0.04. And the median was 0.32.


ACRES Commercial Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for ACRES Commercial Realty'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.

ACRES Commercial Realty Cyclically Adjusted Book per Share Chart

ACRES Commercial Realty 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 74.80 70.36 71.37 72.23 70.25

ACRES Commercial Realty 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 72.34 72.00 71.50 70.25 70.53

Competitive Comparison of ACRES Commercial Realty's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, ACRES Commercial Realty'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.


ACRES Commercial Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



ACRES Commercial Realty 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, ACRES Commercial Realty'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)
=56.311/131.7762*131.7762
=56.311

Current CPI (Mar. 2024) = 131.7762.

ACRES Commercial Realty Quarterly Data

Book Value per Share CPI Adj_Book
201406 84.387 100.560 110.583
201409 83.870 100.428 110.050
201412 84.422 99.070 112.293
201503 83.285 99.621 110.167
201506 78.151 100.684 102.285
201509 78.158 100.392 102.592
201512 77.831 99.792 102.776
201603 75.794 100.470 99.411
201606 74.851 101.688 96.998
201609 69.492 101.861 89.901
201612 68.047 101.863 88.030
201703 67.500 102.862 86.474
201706 67.415 103.349 85.958
201709 69.843 104.136 88.381
201712 64.092 104.011 81.201
201803 52.149 105.290 65.268
201806 52.678 106.317 65.293
201809 53.100 106.507 65.698
201812 52.482 105.998 65.245
201903 52.513 107.251 64.522
201906 52.521 108.070 64.042
201909 53.426 108.329 64.990
201912 52.357 108.420 63.636
202003 32.025 108.902 38.752
202006 28.695 108.767 34.765
202009 29.707 109.815 35.648
202012 32.904 109.897 39.455
202103 35.657 111.754 42.045
202106 47.794 114.631 54.942
202109 47.037 115.734 53.557
202112 48.987 117.630 54.878
202203 50.109 121.301 54.436
202206 49.529 125.017 52.207
202209 50.252 125.227 52.880
202212 50.006 125.222 52.623
202303 50.166 127.348 51.910
202306 51.017 128.729 52.225
202309 51.807 129.860 52.572
202312 55.315 129.419 56.322
202403 56.311 131.776 56.311

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


ACRES Commercial Realty  (NYSE:ACR) 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.

ACRES Commercial Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.60/70.53
=0.18

* 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 ACRES Commercial Realty was 0.59. The lowest was 0.04. And the median was 0.32.


Be Aware

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


ACRES Commercial Realty Cyclically Adjusted Book per Share Related Terms

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


ACRES Commercial Realty (ACRES Commercial Realty) Business Description

Industry
Traded in Other Exchanges
Address
390 RXR Plaza, Uniondale, New York, NY, USA, 11556
ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets. The company invests in commercial real-estate-related assets, including whole loans, A notes, B notes, mezzanine loans, and mortgage-related securities, as well as commercial finance assets, which include other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralize debt obligations, and private equity investments mainly issued by financial institutions.
Executives
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Dawanna Williams director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Karen K Edwards director C/O ARBOR REALTY TRUST, 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Jaclyn Jesberger officer: SVP, CLO & Secretary 865 MERRICK AVENUE, SUITE 200S, WESTBURY NY 11590
Andrew Fentress director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Mark S Fogel director, officer: CEO and President 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Thomas C Elliott officer: EVP 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Matthew J Stern officer: President C/O ISLAND CAPITAL GROUP, LLC, 717 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10022
David J Bryant officer: SVP, CFO & Tresurer C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADEPHIA PA 19103
Jeffrey P Cohen director C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022
Michele R. Weisbaum officer: SVP, Chief Legal Officer & Sec C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Robert C Lieber officer: CEO & President C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022
Gary Ickowicz director C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Paul A Hughson officer: EVP C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022