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Rithm Capital (FRA:14N1) Cyclically Adjusted Book per Share : €14.38 (As of Mar. 2024)


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What is Rithm Capital 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.

Rithm Capital's adjusted book value per share for the three months ended in Mar. 2024 was €11.212. 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 €14.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rithm Capital's average Cyclically Adjusted Book Growth Rate was 2.80% 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 (2024-06-10), Rithm Capital's current stock price is €10.285. Rithm Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.38. Rithm Capital's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Rithm Capital was 0.80. The lowest was 0.50. And the median was 0.66.


Rithm Capital Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rithm Capital'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.

Rithm Capital Cyclically Adjusted Book per Share Chart

Rithm Capital 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 - - 12.16 13.88 13.81

Rithm Capital 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 13.94 13.99 14.57 13.81 14.38

Competitive Comparison of Rithm Capital's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, Rithm Capital'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.


Rithm Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Rithm Capital 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, Rithm Capital'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)
=11.212/131.7762*131.7762
=11.212

Current CPI (Mar. 2024) = 131.7762.

Rithm Capital Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.816 100.560 10.242
201409 8.647 100.428 11.346
201412 9.152 99.070 12.173
201503 10.241 99.621 13.547
201506 11.072 100.684 14.491
201509 10.851 100.392 14.243
201512 11.137 99.792 14.706
201603 10.851 100.470 14.232
201606 10.856 101.688 14.068
201609 11.115 101.861 14.379
201612 12.324 101.863 15.943
201703 12.480 102.862 15.988
201706 12.813 103.349 16.337
201709 12.479 104.136 15.791
201712 12.894 104.011 16.336
201803 13.665 105.290 17.103
201806 14.379 106.317 17.822
201809 14.461 106.507 17.892
201812 14.283 105.998 17.757
201903 14.534 107.251 17.858
201906 14.308 108.070 17.447
201909 14.761 108.329 17.956
201912 14.586 108.420 17.728
202003 9.691 108.902 11.727
202006 9.567 108.767 11.591
202009 9.223 109.815 11.067
202012 8.935 109.897 10.714
202103 9.538 111.754 11.247
202106 9.355 114.631 10.754
202109 9.644 115.734 10.981
202112 10.128 117.630 11.346
202203 11.407 121.301 12.392
202206 11.621 125.017 12.249
202209 12.221 125.227 12.860
202212 11.330 125.222 11.923
202303 10.900 127.348 11.279
202306 11.224 128.729 11.490
202309 11.539 129.860 11.709
202312 10.911 129.419 11.110
202403 11.212 131.776 11.212

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


Rithm Capital  (FRA:14N1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.285/14.38
=0.72

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Rithm Capital was 0.80. The lowest was 0.50. And the median was 0.66.


Be Aware

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


Rithm Capital Cyclically Adjusted Book per Share Related Terms

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


Rithm Capital (FRA:14N1) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rithm Capital Corp (FRA:14N1) » Definitions » Cyclically Adjusted Book per Share
Address
799 Broadway, New York, NY, USA, 10003
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.

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