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Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) Cyclically Adjusted Book per Share : ₺7.25 (As of Mar. 2024)


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What is Is Gayrimenkul Yatirim Ortakligi AS 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.

Is Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share for the three months ended in Mar. 2024 was ₺32.335. 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 ₺7.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Is Gayrimenkul Yatirim Ortakligi AS's average Cyclically Adjusted Book Growth Rate was 54.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 34.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 25.20% 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 Is Gayrimenkul Yatirim Ortakligi AS was 34.80% per year. The lowest was 15.90% per year. And the median was 23.70% per year.

As of today (2024-06-08), Is Gayrimenkul Yatirim Ortakligi AS's current stock price is ₺15.38. Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺7.25. Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Is Gayrimenkul Yatirim Ortakligi AS was 5.59. The lowest was 0.40. And the median was 0.96.


Is Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Is Gayrimenkul Yatirim Ortakligi AS'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.

Is Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Chart

Is Gayrimenkul Yatirim Ortakligi AS 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 2.26 2.59 3.13 4.28 6.35

Is Gayrimenkul Yatirim Ortakligi AS 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 4.69 5.20 5.71 6.35 7.25

Competitive Comparison of Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, Is Gayrimenkul Yatirim Ortakligi AS'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.


Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.



Is Gayrimenkul Yatirim Ortakligi AS 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, Is Gayrimenkul Yatirim Ortakligi AS'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)
=32.335/131.7762*131.7762
=32.335

Current CPI (Mar. 2024) = 131.7762.

Is Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.216 100.560 1.593
201409 1.235 100.428 1.621
201412 2.358 99.070 3.136
201503 1.220 99.621 1.614
201506 1.236 100.684 1.618
201509 2.625 100.392 3.446
201512 2.911 99.792 3.844
201603 2.909 100.470 3.815
201606 2.968 101.688 3.846
201609 2.990 101.861 3.868
201612 3.297 101.863 4.265
201703 3.252 102.862 4.166
201706 3.285 103.349 4.189
201709 3.328 104.136 4.211
201712 3.422 104.011 4.335
201803 3.367 105.290 4.214
201806 3.449 106.317 4.275
201809 3.446 106.507 4.264
201812 3.710 105.998 4.612
201903 3.703 107.251 4.550
201906 3.691 108.070 4.501
201909 0.000 108.329 0.000
201912 4.026 108.420 4.893
202003 4.005 108.902 4.846
202006 4.014 108.767 4.863
202009 4.017 109.815 4.820
202012 4.309 109.897 5.167
202103 4.312 111.754 5.085
202106 4.304 114.631 4.948
202109 4.320 115.734 4.919
202112 5.711 117.630 6.398
202203 5.780 121.301 6.279
202206 5.850 125.017 6.166
202209 5.897 125.227 6.205
202212 24.909 125.222 26.213
202303 14.533 127.348 15.038
202306 19.585 128.729 20.049
202309 19.634 129.860 19.924
202312 28.196 129.419 28.709
202403 32.335 131.776 32.335

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


Is Gayrimenkul Yatirim Ortakligi AS  (IST:ISGYO) 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.

Is Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.38/7.25
=2.12

* 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 Is Gayrimenkul Yatirim Ortakligi AS was 5.59. The lowest was 0.40. And the median was 0.96.


Be Aware

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


Is Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Book per Share Related Terms

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


Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) Business Description

Traded in Other Exchanges
N/A
Address
?s Kuleleri Kule 2, Kat: 10-11, Levent, Istanbul, TUR, 34330
Is Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company is engaged in property investment, property-oriented capital market instruments and real estate projects. It develops office spaces and shopping center.

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