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Brandywine Realty Trust (FRA:B2X) Cyclically Adjusted Book per Share : €11.17 (As of Mar. 2024)


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What is Brandywine 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.

Brandywine Realty Trust's adjusted book value per share for the three months ended in Mar. 2024 was €6.865. 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 €11.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brandywine Realty Trust's average Cyclically Adjusted Book Growth Rate was -2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -4.40% 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 Brandywine Realty Trust was 8.40% per year. The lowest was -7.00% per year. And the median was -1.30% per year.

As of today (2024-06-02), Brandywine Realty Trust's current stock price is €4.131. Brandywine Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.17. Brandywine Realty Trust's Cyclically Adjusted PB Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Brandywine Realty Trust was 1.27. The lowest was 0.29. And the median was 0.91.


Brandywine Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Brandywine 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.

Brandywine Realty Trust Cyclically Adjusted Book per Share Chart

Brandywine 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 11.15 7.33 10.96 11.76 11.05

Brandywine 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 10.96 11.43 11.65 11.05 11.17

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

For the REIT - Office subindustry, Brandywine 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.


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

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

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



Brandywine 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, Brandywine 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)
=6.865/131.7762*131.7762
=6.865

Current CPI (Mar. 2024) = 131.7762.

Brandywine Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.667 100.560 11.357
201409 9.403 100.428 12.338
201412 9.683 99.070 12.880
201503 10.942 99.621 14.474
201506 10.384 100.684 13.591
201509 10.305 100.392 13.527
201512 10.163 99.792 13.420
201603 9.992 100.470 13.105
201606 9.720 101.688 12.596
201609 9.637 101.861 12.467
201612 10.102 101.863 13.069
201703 9.939 102.862 12.733
201706 8.834 103.349 11.264
201709 8.289 104.136 10.489
201712 8.670 104.011 10.984
201803 8.407 105.290 10.522
201806 8.787 106.317 10.891
201809 8.445 106.507 10.449
201812 8.940 105.998 11.114
201903 8.897 107.251 10.932
201906 8.628 108.070 10.521
201909 8.713 108.329 10.599
201912 8.557 108.420 10.400
202003 8.435 108.902 10.207
202006 8.125 108.767 9.844
202009 8.985 109.815 10.782
202012 8.646 109.897 10.367
202103 8.721 111.754 10.283
202106 8.452 114.631 9.716
202109 8.516 115.734 9.696
202112 8.741 117.630 9.792
202203 8.837 121.301 9.600
202206 9.063 125.017 9.553
202209 9.579 125.227 10.080
202212 8.944 125.222 9.412
202303 8.624 127.348 8.924
202306 8.309 128.729 8.506
202309 8.205 129.860 8.326
202312 7.019 129.419 7.147
202403 6.865 131.776 6.865

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


Brandywine Realty Trust  (FRA:B2X) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.131/11.17
=0.37

* 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 Brandywine Realty Trust was 1.27. The lowest was 0.29. And the median was 0.91.


Be Aware

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


Brandywine Realty Trust Cyclically Adjusted Book per Share Related Terms

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


Brandywine Realty Trust (FRA:B2X) Business Description

Industry
Traded in Other Exchanges
Address
2929 Arch Street, Suite 1800, Philadelphia, PA, USA, 19104
Brandywine Realty Trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. The company owned and managed properties within five segments. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C. and Southern Maryland. The Other segment includes properties in Camden County, New Jersey and New Castle County, Delaware.

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