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Builders Capital Mortgage (TSXV:BCF) Cyclically Adjusted Book per Share : C$10.97 (As of Mar. 2024)


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What is Builders Capital Mortgage 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.

Builders Capital Mortgage's adjusted book value per share for the three months ended in Mar. 2024 was C$9.298. 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 C$10.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Builders Capital Mortgage's average Cyclically Adjusted Book Growth Rate was 0.80% 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.

As of today (2024-06-06), Builders Capital Mortgage's current stock price is C$8.66. Builders Capital Mortgage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$10.97. Builders Capital Mortgage's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Builders Capital Mortgage was 0.87. The lowest was 0.74. And the median was 0.80.


Builders Capital Mortgage Cyclically Adjusted Book per Share Historical Data

The historical data trend for Builders Capital Mortgage'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.

Builders Capital Mortgage Cyclically Adjusted Book per Share Chart

Builders Capital Mortgage 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 - - - 10.77 10.94

Builders Capital Mortgage 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 10.88 10.97 11.02 10.94 10.97

Competitive Comparison of Builders Capital Mortgage's Cyclically Adjusted Book per Share

For the Mortgage Finance subindustry, Builders Capital Mortgage'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.


Builders Capital Mortgage's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Builders Capital Mortgage's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Builders Capital Mortgage's Cyclically Adjusted PB Ratio falls into.



Builders Capital Mortgage 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, Builders Capital Mortgage'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)
=9.298/126.2576*126.2576
=9.298

Current CPI (Mar. 2024) = 126.2576.

Builders Capital Mortgage Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.548 99.473 12.119
201409 9.582 99.394 12.172
201412 9.291 98.367 11.925
201503 9.656 99.789 12.217
201506 9.697 100.500 12.182
201509 9.733 100.421 12.237
201512 9.396 99.947 11.869
201603 9.758 101.054 12.192
201606 9.779 102.002 12.104
201609 9.761 101.765 12.110
201612 9.568 101.449 11.908
201703 9.691 102.634 11.922
201706 9.611 103.029 11.778
201709 9.564 103.345 11.684
201712 9.392 103.345 11.474
201803 9.557 105.004 11.491
201806 9.534 105.557 11.404
201809 9.559 105.636 11.425
201812 9.052 105.399 10.843
201903 9.421 106.979 11.119
201906 9.386 107.690 11.004
201909 9.306 107.611 10.918
201912 9.019 107.769 10.566
202003 9.190 107.927 10.751
202006 9.267 108.401 10.793
202009 9.235 108.164 10.780
202012 9.053 108.559 10.529
202103 9.242 110.298 10.579
202106 9.231 111.720 10.432
202109 9.228 112.905 10.319
202112 9.077 113.774 10.073
202203 9.253 117.646 9.930
202206 9.270 120.806 9.688
202209 9.123 120.648 9.547
202212 9.253 120.964 9.658
202303 9.289 122.702 9.558
202306 9.295 124.203 9.449
202309 9.295 125.230 9.371
202312 9.297 125.072 9.385
202403 9.298 126.258 9.298

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


Builders Capital Mortgage  (TSXV:BCF) 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.

Builders Capital Mortgage's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.66/10.97
=0.79

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Builders Capital Mortgage was 0.87. The lowest was 0.74. And the median was 0.80.


Be Aware

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


Builders Capital Mortgage Cyclically Adjusted Book per Share Related Terms

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


Builders Capital Mortgage (TSXV:BCF) Business Description

Traded in Other Exchanges
N/A
Address
260 - 1414 8th Street SW, Calgary, AB, CAN, T2R 1J6
Builders Capital Mortgage Corp is a mortgage lender providing short?term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. Its investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (MIC).

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