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Atrium Mortgage Investment (TSX:AI) Cyclically Adjusted Book per Share : C$12.51 (As of Mar. 2025)


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What is Atrium Mortgage Investment 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.

Atrium Mortgage Investment's adjusted book value per share for the three months ended in Mar. 2025 was C$10.979. 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 C$12.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Atrium Mortgage Investment's average Cyclically Adjusted Book Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.50% 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 Atrium Mortgage Investment was 2.50% per year. The lowest was 2.50% per year. And the median was 2.50% per year.

As of today (2025-07-08), Atrium Mortgage Investment's current stock price is C$11.25. Atrium Mortgage Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$12.51. Atrium Mortgage Investment's Cyclically Adjusted PB Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Atrium Mortgage Investment was 1.32. The lowest was 0.82. And the median was 0.92.


Atrium Mortgage Investment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Atrium Mortgage Investment'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.

Atrium Mortgage Investment Cyclically Adjusted Book per Share Chart

Atrium Mortgage Investment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.52 12.12 12.37 12.39

Atrium Mortgage Investment Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.44 12.51 12.44 12.39 12.51

Competitive Comparison of Atrium Mortgage Investment's Cyclically Adjusted Book per Share

For the Mortgage Finance subindustry, Atrium Mortgage Investment'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.


Atrium Mortgage Investment's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Atrium Mortgage Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Atrium Mortgage Investment's Cyclically Adjusted PB Ratio falls into.


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Atrium Mortgage Investment 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, Atrium Mortgage Investment's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.979/129.1809*129.1809
=10.979

Current CPI (Mar. 2025) = 129.1809.

Atrium Mortgage Investment Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.222 100.500 13.139
201509 10.265 100.421 13.205
201512 10.247 99.947 13.244
201603 10.265 101.054 13.122
201606 10.295 102.002 13.038
201609 10.335 101.765 13.119
201612 10.276 101.449 13.085
201703 10.406 102.634 13.098
201706 10.424 103.029 13.070
201709 10.514 103.345 13.143
201712 10.498 103.345 13.123
201803 10.545 105.004 12.973
201806 10.577 105.557 12.944
201809 10.609 105.636 12.974
201812 10.593 105.399 12.983
201903 10.752 106.979 12.983
201906 10.781 107.690 12.932
201909 10.810 107.611 12.977
201912 10.973 107.769 13.153
202003 10.918 107.927 13.068
202006 10.925 108.401 13.019
202009 10.921 108.164 13.043
202012 10.914 108.559 12.987
202103 10.926 110.298 12.797
202106 10.961 111.720 12.674
202109 10.989 112.905 12.573
202112 10.983 113.774 12.470
202203 11.052 117.646 12.136
202206 11.077 120.806 11.845
202209 11.123 120.648 11.910
202212 10.974 120.964 11.719
202303 11.081 122.702 11.666
202306 11.190 124.203 11.638
202309 11.213 125.230 11.567
202312 10.968 125.072 11.328
202403 11.018 126.258 11.273
202406 11.055 127.522 11.199
202409 11.088 127.285 11.253
202412 10.961 127.364 11.117
202503 10.979 129.181 10.979

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


Atrium Mortgage Investment  (TSX:AI) 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.

Atrium Mortgage Investment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.25/12.51
=0.90

* 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 Atrium Mortgage Investment was 1.32. The lowest was 0.82. And the median was 0.92.


Be Aware

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


Atrium Mortgage Investment Cyclically Adjusted Book per Share Related Terms

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


Atrium Mortgage Investment Business Description

Traded in Other Exchanges
Address
18 King Street East, Suite 1010, Toronto, ON, CAN, M5C 1C4
Atrium Mortgage Investment Corp is a mortgage investment corporation in Canada. The company is a provider of financing solutions to commercial real estate and development communities in urban centers in Ontario and Western Canada. The company generates its revenue from mortgage interest and fees and rental income.
Executives
Robert Goodall Director, Senior Officer
Mark Silver Director
Nancy Lockhart Director
Peter Phillip Cohos Director
Maurice Kagan Director
Jennifer Lynn Scoffield Senior Officer