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Cofinimmo/NV (Cofinimmo/NV) Cyclically Adjusted Book per Share : $116.21 (As of Mar. 2024)


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What is Cofinimmo/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.

Cofinimmo/NV's adjusted book value per share for the three months ended in Mar. 2024 was $107.712. 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 $116.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cofinimmo/NV's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Cofinimmo/NV was 4.60% per year. The lowest was 0.30% per year. And the median was 4.10% per year.

As of today (2024-06-09), Cofinimmo/NV's current stock price is $62.265. Cofinimmo/NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $116.21. Cofinimmo/NV's Cyclically Adjusted PB Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cofinimmo/NV was 1.60. The lowest was 0.50. And the median was 1.14.


Cofinimmo/NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cofinimmo/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.

Cofinimmo/NV Cyclically Adjusted Book per Share Chart

Cofinimmo/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 - - - 114.04 110.40

Cofinimmo/NV 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 120.97 119.49 111.41 110.40 116.21

Competitive Comparison of Cofinimmo/NV's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Cofinimmo/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.


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

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

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



Cofinimmo/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, Cofinimmo/NV'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)
=107.712/130.5518*130.5518
=107.712

Current CPI (Mar. 2024) = 130.5518.

Cofinimmo/NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 116.763 99.482 153.230
201409 111.547 99.195 146.809
201412 106.735 99.086 140.630
201503 93.835 99.423 123.215
201506 98.186 100.107 128.047
201509 99.372 100.245 129.414
201512 98.952 100.572 128.449
201603 101.268 101.653 130.058
201606 98.063 102.267 125.185
201609 100.076 102.118 127.941
201612 95.420 102.614 121.399
201703 98.839 103.972 124.107
201706 99.355 103.902 124.838
201709 103.867 104.170 130.172
201712 108.224 104.804 134.812
201803 112.881 105.419 139.793
201806 106.517 106.063 131.111
201809 109.024 106.618 133.498
201812 106.361 107.252 129.467
201903 106.703 107.876 129.132
201906 101.861 107.896 123.249
201909 101.682 107.470 123.521
201912 105.576 108.065 127.545
202003 107.064 108.550 128.764
202006 104.678 108.540 125.906
202009 111.124 108.441 133.781
202012 115.940 108.511 139.490
202103 116.814 109.522 139.244
202106 114.342 110.305 135.330
202109 116.673 111.543 136.556
202112 115.401 114.705 131.344
202203 118.250 118.620 130.145
202206 114.358 120.948 123.438
202209 109.851 124.120 115.544
202212 117.310 126.578 120.993
202303 119.147 126.528 122.936
202306 113.548 125.973 117.675
202309 111.679 127.083 114.727
202312 107.536 128.292 109.430
202403 107.712 130.552 107.712

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


Cofinimmo/NV  (OTCPK:CFMOF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=62.265/116.21
=0.54

* 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 Cofinimmo/NV was 1.60. The lowest was 0.50. And the median was 1.14.


Be Aware

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


Cofinimmo/NV Cyclically Adjusted Book per Share Related Terms

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


Cofinimmo/NV (Cofinimmo/NV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cofinimmo SA/NV (OTCPK:CFMOF) » Definitions » Cyclically Adjusted Book per Share
Address
58 Boulevard de la Woluwedal, Brussels, BEL, 1200
Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.

Cofinimmo/NV (Cofinimmo/NV) Headlines

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