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Advance Terrafund REIT (XBUL:ATER) Cyclically Adjusted Book per Share : лв3.42 (As of Mar. 2024)


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What is Advance Terrafund REIT 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.

Advance Terrafund REIT's adjusted book value per share for the three months ended in Mar. 2024 was лв3.773. 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 лв3.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Advance Terrafund REIT's average Cyclically Adjusted Book Growth Rate was 5.20% 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.

As of today (2024-06-09), Advance Terrafund REIT's current stock price is лв3.16. Advance Terrafund REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was лв3.42. Advance Terrafund REIT's Cyclically Adjusted PB Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Advance Terrafund REIT was 1.18. The lowest was 0.89. And the median was 0.99.


Advance Terrafund REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for Advance Terrafund REIT'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.

Advance Terrafund REIT Cyclically Adjusted Book per Share Chart

Advance Terrafund REIT 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 - - 2.94 3.18 3.35

Advance Terrafund REIT 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 3.25 3.30 3.34 3.35 3.42

Competitive Comparison of Advance Terrafund REIT's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, Advance Terrafund REIT'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.


Advance Terrafund REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Advance Terrafund REIT's Cyclically Adjusted PB Ratio falls into.



Advance Terrafund REIT 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, Advance Terrafund REIT'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)
=3.773/131.7762*131.7762
=3.773

Current CPI (Mar. 2024) = 131.7762.

Advance Terrafund REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.398 100.560 3.142
201409 2.450 100.428 3.215
201412 2.329 99.070 3.098
201503 2.340 99.621 3.095
201506 2.320 100.684 3.036
201509 2.338 100.392 3.069
201512 2.602 99.792 3.436
201603 2.619 100.470 3.435
201606 2.629 101.688 3.407
201609 2.643 101.861 3.419
201612 2.586 101.863 3.345
201703 2.581 102.862 3.307
201706 2.588 103.349 3.300
201709 2.618 104.136 3.313
201712 2.818 104.011 3.570
201803 2.831 105.290 3.543
201806 2.841 106.317 3.521
201809 2.848 106.507 3.524
201812 2.901 105.998 3.607
201903 2.913 107.251 3.579
201906 2.927 108.070 3.569
201909 2.936 108.329 3.571
201912 2.803 108.420 3.407
202003 2.816 108.902 3.407
202006 2.816 108.767 3.412
202009 2.830 109.815 3.396
202012 2.785 109.897 3.339
202103 2.797 111.754 3.298
202106 2.842 114.631 3.267
202109 2.948 115.734 3.357
202112 2.914 117.630 3.264
202203 2.925 121.301 3.178
202206 2.882 125.017 3.038
202209 2.888 125.227 3.039
202212 3.851 125.222 4.053
202303 3.835 127.348 3.968
202306 3.830 128.729 3.921
202309 3.842 129.860 3.899
202312 3.747 129.419 3.815
202403 3.773 131.776 3.773

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


Advance Terrafund REIT  (XBUL:ATER) 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.

Advance Terrafund REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.16/3.42
=0.92

* 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 Advance Terrafund REIT was 1.18. The lowest was 0.89. And the median was 0.99.


Be Aware

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


Advance Terrafund REIT Cyclically Adjusted Book per Share Related Terms

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


Advance Terrafund REIT (XBUL:ATER) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 Zlatovrah Street, Lozentets District, Sofia, BGR, 1164
Advance Terrafund REIT is engaged in investing in agricultural and urban lands in Bulgaria for the purpose of receiving income from leasing agricultural land to farming companies and selling urban lands to domestic and international investors.