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EPR Properties (FRA:E2H) Cyclically Adjusted Book per Share : €38.87 (As of Mar. 2024)


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What is EPR Properties 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.

EPR Properties's adjusted book value per share for the three months ended in Mar. 2024 was €29.765. 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 €38.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, EPR Properties's average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 EPR Properties was 6.60% per year. The lowest was 0.50% per year. And the median was 2.65% per year.

As of today (2024-05-28), EPR Properties's current stock price is €37.405. EPR Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €38.87. EPR Properties's Cyclically Adjusted PB Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of EPR Properties was 2.31. The lowest was 0.48. And the median was 1.53.


EPR Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for EPR Properties'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.

EPR Properties Cyclically Adjusted Book per Share Chart

EPR Properties 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 18.08 28.80 35.76 38.76 38.94

EPR Properties 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 37.19 39.74 40.31 38.94 38.87

Competitive Comparison of EPR Properties's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, EPR Properties'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.


EPR Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



EPR Properties 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, EPR Properties'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)
=29.765/131.7762*131.7762
=29.765

Current CPI (Mar. 2024) = 131.7762.

EPR Properties Quarterly Data

Book Value per Share CPI Adj_Book
201406 24.108 100.560 31.592
201409 26.168 100.428 34.336
201412 27.342 99.070 36.369
201503 30.849 99.621 40.806
201506 29.613 100.684 38.758
201509 29.950 100.392 39.313
201512 31.298 99.792 41.329
201603 31.004 100.470 40.665
201606 30.698 101.688 39.781
201609 30.657 101.861 39.661
201612 32.556 101.863 42.117
201703 32.325 102.862 41.411
201706 35.054 103.349 44.696
201709 32.895 104.136 41.626
201712 33.369 104.011 42.277
201803 31.378 105.290 39.271
201806 33.226 106.317 41.183
201809 33.399 106.507 41.323
201812 33.871 105.998 42.108
201903 34.149 107.251 41.958
201906 34.744 108.070 42.366
201909 35.288 108.329 42.926
201912 34.476 108.420 41.903
202003 33.814 108.902 40.917
202006 32.564 108.767 39.453
202009 30.153 109.815 36.183
202012 28.983 109.897 34.753
202103 29.599 111.754 34.902
202106 29.439 114.631 33.842
202109 29.899 115.734 34.043
202112 30.970 117.630 34.695
202203 31.502 121.301 34.222
202206 32.517 125.017 34.275
202209 34.412 125.227 36.212
202212 31.904 125.222 33.574
202303 31.404 127.348 32.496
202306 30.423 128.729 31.143
202309 30.770 129.860 31.224
202312 29.872 129.419 30.416
202403 29.765 131.776 29.765

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


EPR Properties  (FRA:E2H) 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.

EPR Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.405/38.87
=0.96

* 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 EPR Properties was 2.31. The lowest was 0.48. And the median was 1.53.


Be Aware

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


EPR Properties Cyclically Adjusted Book per Share Related Terms

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


EPR Properties (FRA:E2H) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EPR Properties (FRA:E2H) » Definitions » Cyclically Adjusted Book per Share
Address
909 Walnut Street, Suite 200, Kansas, MO, USA, 64106
EPR Properties is a real estate investment trust that leases experiential properties in the United States and Canada. The company invests in two property segments: experiential, including theaters, family entertainment centers, ski resorts, and other attractions; and education, including early childhood education centers and private school properties. New investments are determined based on value and opportunity of the respective industry, location quality, and credit quality of tenants. The majority of revenue comes from the experiential sector. Texas, Florida, New York, and California are key revenue-driving states.

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