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Colliers International Group (STU:FSV) Cyclically Adjusted Book per Share : €9.81 (As of Mar. 2024)


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What is Colliers International Group 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.

Colliers International Group's adjusted book value per share for the three months ended in Mar. 2024 was €20.722. 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 €9.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Colliers International Group's average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 20.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.20% 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 Colliers International Group was 24.80% per year. The lowest was -5.50% per year. And the median was 4.15% per year.

As of today (2024-06-08), Colliers International Group's current stock price is €98.00. Colliers International Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.81. Colliers International Group's Cyclically Adjusted PB Ratio of today is 9.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Colliers International Group was 20.82. The lowest was 3.06. And the median was 11.59.


Colliers International Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Colliers International Group'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.

Colliers International Group Cyclically Adjusted Book per Share Chart

Colliers International Group 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 4.68 5.47 7.10 8.26 9.41

Colliers International Group 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 8.52 8.92 9.30 9.41 9.81

Competitive Comparison of Colliers International Group's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Colliers International Group'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.


Colliers International Group's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Colliers International Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Colliers International Group's Cyclically Adjusted PB Ratio falls into.



Colliers International Group 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, Colliers International Group'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)
=20.722/126.2576*126.2576
=20.722

Current CPI (Mar. 2024) = 126.2576.

Colliers International Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.867 99.473 6.177
201409 5.041 99.394 6.403
201412 5.101 98.367 6.547
201503 5.354 99.789 6.774
201506 2.497 100.500 3.137
201509 2.386 100.421 3.000
201512 3.378 99.947 4.267
201603 3.373 101.054 4.214
201606 3.687 102.002 4.564
201609 4.082 101.765 5.064
201612 5.046 101.449 6.280
201703 5.164 102.634 6.353
201706 5.258 103.029 6.443
201709 5.272 103.345 6.441
201712 6.480 103.345 7.917
201803 6.542 105.004 7.866
201806 7.134 105.557 8.533
201809 7.435 105.636 8.886
201812 8.687 105.399 10.406
201903 8.983 106.979 10.602
201906 9.501 107.690 11.139
201909 10.352 107.611 12.146
201912 11.585 107.769 13.572
202003 11.188 107.927 13.088
202006 10.996 108.401 12.807
202009 11.206 108.164 13.080
202012 11.912 108.559 13.854
202103 11.406 110.298 13.056
202106 9.778 111.720 11.050
202109 10.390 112.905 11.619
202112 11.684 113.774 12.966
202203 10.931 117.646 11.731
202206 10.597 120.806 11.075
202209 11.225 120.648 11.747
202212 10.767 120.964 11.238
202303 10.424 122.702 10.726
202306 13.960 124.203 14.191
202309 14.454 125.230 14.573
202312 16.354 125.072 16.509
202403 20.722 126.258 20.722

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


Colliers International Group  (STU:FSV) 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.

Colliers International Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=98.00/9.81
=9.99

* 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 Colliers International Group was 20.82. The lowest was 3.06. And the median was 11.59.


Be Aware

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


Colliers International Group Cyclically Adjusted Book per Share Related Terms

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


Colliers International Group (STU:FSV) Business Description

Traded in Other Exchanges
Address
1140 Bay Street, Suite 4000, Toronto, ON, CAN, M5S 2B4
Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national, and international basis, Infrastructure consulting, Design and Build, and Market research.

Colliers International Group (STU:FSV) Headlines