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CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Cyclically Adjusted Book per Share : ฿15.18 (As of Mar. 2024)


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What is CPN Retail Growth Leasehold 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.

CPN Retail Growth Leasehold REIT's adjusted book value per share for the three months ended in Mar. 2024 was ฿12.914. 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 ฿15.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CPN Retail Growth Leasehold REIT's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CPN Retail Growth Leasehold REIT was 6.10% per year. The lowest was 4.70% per year. And the median was 6.00% per year.

As of today (2024-06-09), CPN Retail Growth Leasehold REIT's current stock price is ฿10.10. CPN Retail Growth Leasehold REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿15.18. CPN Retail Growth Leasehold REIT's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CPN Retail Growth Leasehold REIT was 2.87. The lowest was 0.64. And the median was 1.51.


CPN Retail Growth Leasehold REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for CPN Retail Growth Leasehold 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.

CPN Retail Growth Leasehold REIT Cyclically Adjusted Book per Share Chart

CPN Retail Growth Leasehold 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 12.17 12.51 13.55 14.48 14.94

CPN Retail Growth Leasehold 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 14.73 14.88 15.01 14.94 15.18

Competitive Comparison of CPN Retail Growth Leasehold REIT's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, CPN Retail Growth Leasehold 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.


CPN Retail Growth Leasehold REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CPN Retail Growth Leasehold REIT's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CPN Retail Growth Leasehold REIT's Cyclically Adjusted PB Ratio falls into.



CPN Retail Growth Leasehold 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, CPN Retail Growth Leasehold 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)
=12.914/131.7762*131.7762
=12.914

Current CPI (Mar. 2024) = 131.7762.

CPN Retail Growth Leasehold REIT Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.665 100.560 15.286
201409 11.763 100.428 15.435
201412 11.746 99.070 15.624
201503 12.138 99.621 16.056
201506 12.164 100.684 15.920
201509 12.306 100.392 16.153
201512 12.404 99.792 16.380
201603 12.521 100.470 16.422
201606 12.616 101.688 16.349
201609 12.721 101.861 16.457
201612 12.722 101.863 16.458
201703 12.522 102.862 16.042
201706 12.770 103.349 16.283
201709 12.785 104.136 16.179
201712 12.497 104.011 15.833
201803 12.580 105.290 15.745
201806 12.756 106.317 15.811
201809 12.754 106.507 15.780
201812 12.723 105.998 15.817
201903 12.729 107.251 15.640
201906 12.735 108.070 15.529
201909 12.738 108.329 15.495
201912 12.599 108.420 15.313
202003 13.174 108.902 15.941
202006 12.927 108.767 15.662
202009 12.707 109.815 15.248
202012 12.479 109.897 14.963
202103 13.192 111.754 15.555
202106 13.033 114.631 14.982
202109 12.608 115.734 14.356
202112 12.966 117.630 14.525
202203 12.931 121.301 14.048
202206 13.026 125.017 13.730
202209 13.008 125.227 13.688
202212 12.758 125.222 13.426
202303 12.686 127.348 13.127
202306 12.659 128.729 12.959
202309 12.861 129.860 13.051
202312 12.828 129.419 13.062
202403 12.914 131.776 12.914

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


CPN Retail Growth Leasehold REIT  (BKK:CPNREIT) 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.

CPN Retail Growth Leasehold REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.10/15.18
=0.67

* 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 CPN Retail Growth Leasehold REIT was 2.87. The lowest was 0.64. And the median was 1.51.


Be Aware

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


CPN Retail Growth Leasehold REIT Cyclically Adjusted Book per Share Related Terms

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


CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Business Description

Traded in Other Exchanges
N/A
Address
No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand.

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