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ACRES Commercial Realty (STU:R9L1) Cyclically Adjusted Book per Share : €62.70 (As of Mar. 2024)


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What is ACRES Commercial Realty 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.

ACRES Commercial Realty's adjusted book value per share for the three months ended in Mar. 2024 was €51.806. 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 €62.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ACRES Commercial Realty's average Cyclically Adjusted Book Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.60% 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 ACRES Commercial Realty was -0.10% per year. The lowest was -7.80% per year. And the median was -5.50% per year.

As of today (2024-06-09), ACRES Commercial Realty's current stock price is €11.40. ACRES Commercial Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €62.70. ACRES Commercial Realty's Cyclically Adjusted PB Ratio of today is 0.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ACRES Commercial Realty was 0.59. The lowest was 0.04. And the median was 0.32.


ACRES Commercial Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for ACRES Commercial Realty'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.

ACRES Commercial Realty Cyclically Adjusted Book per Share Chart

ACRES Commercial Realty 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 66.50 56.08 62.38 65.58 63.53

ACRES Commercial Realty 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 65.87 63.12 65.90 63.53 62.70

Competitive Comparison of ACRES Commercial Realty's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, ACRES Commercial Realty'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.


ACRES Commercial Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where ACRES Commercial Realty's Cyclically Adjusted PB Ratio falls into.



ACRES Commercial Realty 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, ACRES Commercial Realty'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)
=51.806/131.7762*131.7762
=51.806

Current CPI (Mar. 2024) = 131.7762.

ACRES Commercial Realty Quarterly Data

Book Value per Share CPI Adj_Book
201406 62.109 100.560 81.390
201409 65.083 100.428 85.399
201412 68.467 99.070 91.070
201503 76.955 99.621 101.794
201506 69.633 100.684 91.136
201509 69.639 100.392 91.410
201512 71.449 99.792 94.349
201603 68.063 100.470 89.271
201606 66.618 101.688 86.329
201609 61.917 101.861 80.101
201612 64.509 101.863 83.453
201703 63.113 102.862 80.854
201706 60.000 103.349 76.504
201709 58.598 104.136 74.152
201712 54.158 104.011 68.615
201803 42.293 105.290 52.932
201806 45.092 106.317 55.890
201809 45.507 106.507 56.304
201812 46.132 105.998 57.351
201903 46.474 107.251 57.102
201906 46.481 108.070 56.677
201909 48.511 108.329 59.011
201912 47.121 108.420 57.272
202003 28.983 108.902 35.071
202006 25.481 108.767 30.871
202009 25.221 109.815 30.265
202012 27.047 109.897 32.432
202103 29.952 111.754 35.318
202106 39.669 114.631 45.602
202109 39.981 115.734 45.523
202112 43.353 117.630 48.567
202203 45.499 121.301 49.428
202206 46.855 125.017 49.388
202209 50.755 125.227 53.410
202212 47.206 125.222 49.677
202303 46.855 127.348 48.484
202306 47.089 128.729 48.204
202309 48.543 129.860 49.259
202312 50.724 129.419 51.648
202403 51.806 131.776 51.806

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


ACRES Commercial Realty  (STU:R9L1) 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.

ACRES Commercial Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.40/62.7
=0.18

* 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 ACRES Commercial Realty was 0.59. The lowest was 0.04. And the median was 0.32.


Be Aware

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


ACRES Commercial Realty Cyclically Adjusted Book per Share Related Terms

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


ACRES Commercial Realty (STU:R9L1) Business Description

Industry
Traded in Other Exchanges
Address
390 RXR Plaza, Uniondale, New York, NY, USA, 11556
ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets. The company invests in commercial real-estate-related assets, including whole loans, A notes, B notes, mezzanine loans, and mortgage-related securities, as well as commercial finance assets, which include other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralize debt obligations, and private equity investments mainly issued by financial institutions.

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