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Apartmentome REIT (Apartmentome REIT) Cyclically Adjusted Book per Share : $15.00 (As of Mar. 2024)


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What is Apartmentome REIT 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.

Apartmentome REIT's adjusted book value per share for the three months ended in Mar. 2024 was $15.694. 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 $15.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apartmentome REIT's average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.20% 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 Apartmentome REIT was 11.10% per year. The lowest was -15.90% per year. And the median was -7.30% per year.

As of today (2024-05-13), Apartmentome REIT's current stock price is $38.67. Apartmentome REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.00. Apartmentome REIT's Cyclically Adjusted PB Ratio of today is 2.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Apartmentome REIT was 6.39. The lowest was 1.73. And the median was 3.96.


Apartmentome REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Apartmentome REIT'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.

Apartmentome REIT Cyclically Adjusted Book per Share Chart

Apartmentome REIT 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 10.09 11.01 12.41 13.84 14.87

Apartmentome REIT 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 14.19 14.46 14.77 14.87 15.00

Competitive Comparison of Apartmentome REIT's Cyclically Adjusted Book per Share

For the REIT - Residential subindustry, Apartmentome REIT'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.


Apartmentome REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Apartmentome REIT 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, Apartmentome REIT'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)
=15.694/129.4194*129.4194
=15.694

Current CPI (Mar. 2024) = 129.4194.

Apartmentome REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.332 100.560 10.723
201409 9.101 100.428 11.728
201412 9.084 99.070 11.867
201503 11.899 99.621 15.458
201506 12.008 100.684 15.435
201509 11.775 100.392 15.180
201512 11.952 99.792 15.500
201603 11.774 100.470 15.166
201606 13.142 101.688 16.726
201609 12.679 101.861 16.109
201612 13.582 101.863 17.256
201703 12.711 102.862 15.993
201706 11.136 103.349 13.945
201709 10.808 104.136 13.432
201712 12.494 104.011 15.546
201803 12.540 105.290 15.414
201806 12.090 106.317 14.717
201809 16.235 106.507 19.728
201812 13.480 105.998 16.459
201903 14.638 107.251 17.664
201906 14.670 108.070 17.568
201909 14.184 108.329 16.945
201912 14.809 108.420 17.677
202003 14.301 108.902 16.995
202006 14.124 108.767 16.806
202009 17.645 109.815 20.795
202012 8.766 109.897 10.323
202103 8.867 111.754 10.269
202106 10.053 114.631 11.350
202109 9.669 115.734 10.812
202112 11.535 117.630 12.691
202203 13.465 121.301 14.366
202206 13.817 125.017 14.304
202209 13.342 125.227 13.789
202212 14.451 125.222 14.935
202303 13.791 127.348 14.015
202306 13.386 128.729 13.458
202309 17.047 129.860 16.989
202312 16.214 129.419 16.214
202403 15.694 129.419 15.694

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


Apartmentome REIT  (NYSE:AIRC) 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.

Apartmentome REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.67/15
=2.58

* 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 Apartmentome REIT was 6.39. The lowest was 1.73. And the median was 3.96.


Be Aware

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


Apartmentome REIT Cyclically Adjusted Book per Share Related Terms

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


Apartmentome REIT (Apartmentome REIT) Business Description

Industry
Traded in Other Exchanges
Address
4582 South Ulster Street, Suite 1700, Denver, CO, USA, 80237
Apartment Investment and Management Co. owns a portfolio of 73 apartment communities with over 25,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.
Executives
Molly Syke officer: VP & Chief Accounting Officer 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Devin Ignatius Murphy director 104 MAIN STREET, SOUTHPORT CT 06890
John D Rayis director 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Keith M Kimmel officer: President, Property Operations 4582 S ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Joshua Minix officer: Executive Vice President 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Matthew O'grady officer: SVP 4582 SOUTH ULSTER STREET, SUITE 1700, SUITE 1700, DENVER CO 80237
Paul Beldin officer: EVP & CFO 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Thomas N Bohjalian director C/O APARTMENT INCOME REIT CORP., 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Ann Sperling director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Thomas L. Keltner director P.O. BOX 2030, SILVERTHORNE CO 80498
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lisa R Cohn officer: President & General Counsel 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Terry Considine director, officer: CEO 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Kristin R. Finney-cooke director 4582 SOUTH ULSTER STREET, SUITE 1700, DENVER CO 80237