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PotlatchDeltic (FRA:P4C) Cyclically Adjusted PB Ratio : 2.33 (As of May. 26, 2024)


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What is PotlatchDeltic Cyclically Adjusted PB Ratio?

As of today (2024-05-26), PotlatchDeltic's current share price is €39.20. PotlatchDeltic's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.80. PotlatchDeltic's Cyclically Adjusted PB Ratio for today is 2.33.

The historical rank and industry rank for PotlatchDeltic's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:P4C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.24   Med: 4.45   Max: 9.52
Current: 2.33

During the past years, PotlatchDeltic's highest Cyclically Adjusted PB Ratio was 9.52. The lowest was 2.24. And the median was 4.45.

FRA:P4C's Cyclically Adjusted PB Ratio is ranked worse than
87.83% of 493 companies
in the REITs industry
Industry Median: 0.76 vs FRA:P4C: 2.33

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.

PotlatchDeltic's adjusted book value per share data for the three months ended in Mar. 2024 was €24.916. 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 €16.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PotlatchDeltic Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PotlatchDeltic's Cyclically Adjusted PB Ratio 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.

PotlatchDeltic Cyclically Adjusted PB Ratio Chart

PotlatchDeltic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.45 5.43 5.15 2.98 2.80

PotlatchDeltic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 3.17 3.23 2.66 2.80 2.56

Competitive Comparison of PotlatchDeltic's Cyclically Adjusted PB Ratio

For the REIT - Specialty subindustry, PotlatchDeltic'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.


PotlatchDeltic's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



PotlatchDeltic Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PotlatchDeltic's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.20/16.8
=2.33

* 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.

PotlatchDeltic's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PotlatchDeltic'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)
=24.916/131.7762*131.7762
=24.916

Current CPI (Mar. 2024) = 131.7762.

PotlatchDeltic Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.068 100.560 5.331
201409 4.698 100.428 6.164
201412 4.495 99.070 5.979
201503 4.929 99.621 6.520
201506 4.497 100.684 5.886
201509 4.710 100.392 6.182
201512 4.598 99.792 6.072
201603 4.204 100.470 5.514
201606 3.087 101.688 4.000
201609 3.425 101.861 4.431
201612 3.656 101.863 4.730
201703 3.667 102.862 4.698
201706 3.733 103.349 4.760
201709 3.950 104.136 4.998
201712 4.173 104.011 5.287
201803 17.258 105.290 21.599
201806 18.563 106.317 23.008
201809 16.102 106.507 19.922
201812 17.104 105.998 21.264
201903 16.739 107.251 20.567
201906 16.413 108.070 20.013
201909 16.692 108.329 20.305
201912 16.426 108.420 19.965
202003 15.540 108.902 18.804
202006 14.946 108.767 18.108
202009 15.185 109.815 18.222
202012 16.040 109.897 19.233
202103 18.513 111.754 21.830
202106 19.954 114.631 22.938
202109 21.030 115.734 23.945
202112 19.556 117.630 21.908
202203 22.411 121.301 24.346
202206 25.173 125.017 26.534
202209 30.076 125.227 31.649
202212 26.811 125.222 28.214
202303 26.042 127.348 26.948
202306 25.794 128.729 26.405
202309 26.348 129.860 26.737
202312 25.085 129.419 25.542
202403 24.916 131.776 24.916

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


PotlatchDeltic  (FRA:P4C) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PotlatchDeltic Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PotlatchDeltic's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PotlatchDeltic (FRA:P4C) Business Description

Industry
Traded in Other Exchanges
Address
601 West 1st Avenue, Suite 1600, Spokane, WA, USA, 99201
PotlatchDeltic Corp is a REIT that owns and manages forestland in Alabama, Arkansas, Idaho, Minnesota, and Mississippi. Potlach operates in three segments. The timberlands segment covers the planting and harvesting of trees, as well as the construction and maintenance of roads. The wood products segment manufactures and distributes lumber, plywood, and other wood products. The real estate segment covers the sales generated from company-owned timberlands, as well as commercial and residential properties. The timberlands and the wood product segments combined drive the majority of the company's revenue.

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