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Digital Realty Trust (BSP:D1LR34) Cyclically Adjusted Book per Share : R$60.31 (As of Mar. 2024)


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What is Digital Realty Trust 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.

Digital Realty Trust's adjusted book value per share for the three months ended in Mar. 2024 was R$72.876. 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 R$60.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Digital Realty Trust's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.30% 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 Digital Realty Trust was 16.70% per year. The lowest was 7.30% per year. And the median was 14.35% per year.

As of today (2024-05-29), Digital Realty Trust's current stock price is R$184.68. Digital Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$60.31. Digital Realty Trust's Cyclically Adjusted PB Ratio of today is 3.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Digital Realty Trust was 6.31. The lowest was 1.97. And the median was 4.36.


Digital Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Digital Realty Trust'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.

Digital Realty Trust Cyclically Adjusted Book per Share Chart

Digital Realty Trust 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 - 41.38 53.40 57.76 59.20

Digital Realty Trust 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 55.81 55.42 59.09 59.20 60.31

Competitive Comparison of Digital Realty Trust's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, Digital Realty Trust'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.


Digital Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Digital Realty Trust 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, Digital Realty Trust'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)
=72.876/131.7762*131.7762
=72.876

Current CPI (Mar. 2024) = 131.7762.

Digital Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.568 100.560 16.469
201409 13.000 100.428 17.058
201412 13.782 99.070 18.332
201503 16.005 99.621 21.171
201506 16.034 100.684 20.985
201509 19.436 100.392 25.512
201512 21.275 99.792 28.094
201603 19.628 100.470 25.744
201606 17.481 101.688 22.653
201609 21.216 101.861 27.447
201612 21.530 101.863 27.853
201703 19.694 102.862 25.230
201706 21.132 103.349 26.945
201709 35.146 104.136 44.475
201712 36.481 104.011 46.219
201803 35.853 105.290 44.872
201806 40.678 106.317 50.419
201809 43.706 106.507 54.076
201812 40.490 105.998 50.337
201903 39.822 107.251 48.928
201906 39.157 108.070 47.747
201909 41.167 108.329 50.077
201912 41.481 108.420 50.417
202003 69.633 108.902 84.259
202006 75.149 108.767 91.046
202009 80.632 109.815 96.757
202012 76.938 109.897 92.256
202103 83.477 111.754 98.433
202106 74.404 114.631 85.532
202109 76.914 115.734 87.575
202112 85.857 117.630 96.183
202203 74.150 121.301 80.553
202206 72.714 125.017 76.645
202209 74.467 125.227 78.362
202212 75.901 125.222 79.874
202303 73.672 127.348 76.234
202306 68.488 128.729 70.109
202309 71.176 129.860 72.227
202312 72.276 129.419 73.592
202403 72.876 131.776 72.876

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


Digital Realty Trust  (BSP:D1LR34) 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.

Digital Realty Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=184.68/60.31
=3.06

* 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 Digital Realty Trust was 6.31. The lowest was 1.97. And the median was 4.36.


Be Aware

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


Digital Realty Trust Cyclically Adjusted Book per Share Related Terms

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


Digital Realty Trust (BSP:D1LR34) Business Description

Industry
Address
5707 Southwest Parkway, Building 1, Suite 275, Austin, TX, USA, 78735
Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network and cloud connections. Digital Realty operates as a real estate investment trust.

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