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Stratus Properties (FRA:SR5) Cyclically Adjusted Book per Share : €18.71 (As of Mar. 2024)


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What is Stratus 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.

Stratus Properties's adjusted book value per share for the three months ended in Mar. 2024 was €22.538. 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 €18.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stratus Properties's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.40% 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 Stratus Properties was 7.80% per year. The lowest was -3.20% per year. And the median was 2.30% per year.

As of today (2024-05-28), Stratus Properties's current stock price is €21.80. Stratus Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.71. Stratus Properties's Cyclically Adjusted PB Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stratus Properties was 2.55. The lowest was 0.66. And the median was 1.36.


Stratus Properties Cyclically Adjusted Book per Share Historical Data

The historical data trend for Stratus 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.

Stratus Properties Cyclically Adjusted Book per Share Chart

Stratus 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 - - 15.13 17.90 18.39

Stratus 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 17.97 17.95 19.06 18.39 18.71

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

For the Real Estate - Diversified subindustry, Stratus 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.


Stratus Properties's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Stratus 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, Stratus 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)
=22.538/131.7762*131.7762
=22.538

Current CPI (Mar. 2024) = 131.7762.

Stratus Properties Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.369 100.560 14.898
201409 12.056 100.428 15.819
201412 13.772 99.070 18.319
201503 15.950 99.621 21.098
201506 15.278 100.684 19.996
201509 15.051 100.392 19.756
201512 15.545 99.792 20.527
201603 14.970 100.470 19.635
201606 14.585 101.688 18.900
201609 14.430 101.861 18.668
201612 15.330 101.863 19.832
201703 13.837 102.862 17.727
201706 13.149 103.349 16.766
201709 13.820 104.136 17.488
201712 13.226 104.011 16.757
201803 12.477 105.290 15.616
201806 13.097 106.317 16.233
201809 12.874 106.507 15.928
201812 13.349 105.998 16.595
201903 13.520 107.251 16.612
201906 13.251 108.070 16.158
201909 13.237 108.329 16.102
201912 13.296 108.420 16.160
202003 13.239 108.902 16.020
202006 13.457 108.767 16.304
202009 11.312 109.815 13.574
202012 9.890 109.897 11.859
202103 11.125 111.754 13.118
202106 9.988 114.631 11.482
202109 9.851 115.734 11.216
202112 16.974 117.630 19.015
202203 17.579 121.301 19.097
202206 30.008 125.017 31.630
202209 26.915 125.227 28.323
202212 24.483 125.222 25.764
202303 23.522 127.348 24.340
202306 22.449 128.729 22.980
202309 22.468 129.860 22.800
202312 21.940 129.419 22.340
202403 22.538 131.776 22.538

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


Stratus Properties  (FRA:SR5) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.80/18.71
=1.17

* 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 Stratus Properties was 2.55. The lowest was 0.66. And the median was 1.36.


Be Aware

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


Stratus Properties Cyclically Adjusted Book per Share Related Terms

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


Stratus Properties (FRA:SR5) Business Description

Industry
Traded in Other Exchanges
Address
212 Lavaca Street, Suite 300, Austin, TX, USA, 78701
Stratus Properties Inc is a diversified real estate company operating in the United States. It is engaged in the acquisition, entitlement, development, management, operation and sale of commercial, multi- and single-family residential real estate properties, located in the Austin Texas area and other select markets in Texas. It operates its business through two segments namely, Real Estate Operations and Leasing Operations.

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