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Healthcare Realty Trust (STU:HT0) Cyclically Adjusted Book per Share : €16.03 (As of Mar. 2024)


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What is Healthcare 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.

Healthcare Realty Trust's adjusted book value per share for the three months ended in Mar. 2024 was €15.472. 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 €16.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Healthcare Realty Trust's average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.60% 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 Healthcare Realty Trust was 5.90% per year. The lowest was -6.90% per year. And the median was -2.60% per year.

As of today (2024-05-23), Healthcare Realty Trust's current stock price is €14.30. Healthcare Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.03. Healthcare Realty Trust's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Healthcare Realty Trust was 2.66. The lowest was 0.77. And the median was 1.99.


Healthcare Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Healthcare 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.

Healthcare Realty Trust Cyclically Adjusted Book per Share Chart

Healthcare 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 - - - - 15.50

Healthcare 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 15.21 15.39 15.85 15.50 16.03

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

For the REIT - Healthcare Facilities subindustry, Healthcare 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.


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

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

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



Healthcare 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, Healthcare 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)
=15.472/131.7762*131.7762
=15.472

Current CPI (Mar. 2024) = 131.7762.

Healthcare Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.236 100.560 12.103
201409 9.645 100.428 12.656
201412 10.020 99.070 13.328
201503 11.348 99.621 15.011
201506 10.900 100.684 14.266
201509 10.896 100.392 14.302
201512 11.238 99.792 14.840
201603 11.138 100.470 14.609
201606 11.268 101.688 14.602
201609 12.569 101.861 16.260
201612 13.464 101.863 17.418
201703 13.268 102.862 16.998
201706 12.572 103.349 16.030
201709 12.524 104.136 15.848
201712 12.087 104.011 15.314
201803 11.430 105.290 14.305
201806 12.085 106.317 14.979
201809 11.909 106.507 14.734
201812 12.045 105.998 14.974
201903 12.368 107.251 15.196
201906 12.116 108.070 14.774
201909 12.477 108.329 15.178
201912 12.694 108.420 15.429
202003 12.471 108.902 15.091
202006 12.593 108.767 15.257
202009 11.859 109.815 14.231
202012 11.482 109.897 13.768
202103 11.848 111.754 13.971
202106 11.956 114.631 13.744
202109 12.187 115.734 13.876
202112 12.853 117.630 14.399
202203 13.254 121.301 14.399
202206 13.587 125.017 14.322
202209 20.507 125.227 21.580
202212 18.779 125.222 19.762
202303 18.048 127.348 18.676
202306 17.399 128.729 17.811
202309 17.231 129.860 17.485
202312 16.422 129.419 16.721
202403 15.472 131.776 15.472

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


Healthcare Realty Trust  (STU:HT0) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.30/16.03
=0.89

* 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 Healthcare Realty Trust was 2.66. The lowest was 0.77. And the median was 1.99.


Be Aware

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


Healthcare Realty Trust Cyclically Adjusted Book per Share Related Terms

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


Healthcare Realty Trust (STU:HT0) Business Description

Industry
Traded in Other Exchanges
Address
3310 West End Avenue, Suite 700, Nashville, TN, USA, 37203
Healthcare Realty Trust Inc is a healthcare facility real estate investment trust. The company focuses on owning, leasing, and managing outpatient facilities and other healthcare properties. The company considers merger and acquisition investment as a component of its operational growth strategy. It works with developers that have strong ties to a local health system and physicians. The company works to invest in outpatient facilities that are integral to a hospital's operations. It generates all of its revenue in the United States.

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