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Ladder Capital (Ladder Capital) Cyclically Adjusted PB Ratio : 0.72 (As of May. 19, 2024)


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What is Ladder Capital Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Ladder Capital's current share price is $11.52. Ladder Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.92. Ladder Capital's Cyclically Adjusted PB Ratio for today is 0.72.

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

LADR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.72   Max: 0.9
Current: 0.72

During the past years, Ladder Capital's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.59. And the median was 0.72.

LADR's Cyclically Adjusted PB Ratio is ranked better than
54.05% of 494 companies
in the REITs industry
Industry Median: 0.77 vs LADR: 0.72

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.

Ladder Capital's adjusted book value per share data for the three months ended in Mar. 2024 was $11.926. 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 $15.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladder Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ladder Capital'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.

Ladder Capital Cyclically Adjusted PB Ratio Chart

Ladder Capital 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 - - 0.88 0.67 0.73

Ladder Capital 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 0.63 0.71 0.66 0.73 0.70

Competitive Comparison of Ladder Capital's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Ladder Capital'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.


Ladder Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Ladder Capital 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.

Ladder Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.52/15.92
=0.72

* 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.

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

For example, Ladder Capital'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)
=11.926/131.7762*131.7762
=11.926

Current CPI (Mar. 2024) = 131.7762.

Ladder Capital Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.834 100.560 19.439
201409 15.022 100.428 19.711
201412 15.271 99.070 20.313
201503 15.161 99.621 20.055
201506 15.221 100.684 19.921
201509 15.069 100.392 19.780
201512 15.001 99.792 19.809
201603 13.416 100.470 17.596
201606 13.479 101.688 17.467
201609 13.589 101.861 17.580
201612 13.570 101.863 17.555
201703 13.240 102.862 16.962
201706 13.096 103.349 16.698
201709 13.066 104.136 16.534
201712 13.188 104.011 16.708
201803 13.368 105.290 16.731
201806 13.431 106.317 16.647
201809 13.820 106.507 17.099
201812 13.904 105.998 17.285
201903 13.591 107.251 16.699
201906 13.634 108.070 16.625
201909 13.560 108.329 16.495
201912 13.564 108.420 16.486
202003 12.306 108.902 14.891
202006 12.437 108.767 15.068
202009 12.609 109.815 15.131
202012 12.211 109.897 14.642
202103 12.075 111.754 14.238
202106 11.997 114.631 13.791
202109 11.979 115.734 13.639
202112 12.014 117.630 13.459
202203 11.811 121.301 12.831
202206 11.845 125.017 12.485
202209 11.867 125.227 12.488
202212 12.121 125.222 12.755
202303 12.045 127.348 12.464
202306 12.070 128.729 12.356
202309 12.126 129.860 12.305
202312 12.080 129.419 12.300
202403 11.926 131.776 11.926

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.


Ladder Capital  (NYSE:LADR) 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.


Ladder Capital Cyclically Adjusted PB Ratio Related Terms

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


Ladder Capital (Ladder Capital) Business Description

Industry
Traded in Other Exchanges
Address
320 Park Avenue, 15th Floor, New York, NY, USA, 10154
Ladder Capital Corp is an internally-managed real estate investment trust that is in commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The company's investment activities include: (i) Primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment-grade securities secured by first mortgage loans on commercial real estate.
Executives
Paul J. Miceli officer: Chief Financial Officer C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Anthony Vincent Esposito officer: Chief Accounting Officer C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Pamela Mccormack officer: Chief Strategy Officer & GC 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054
Brian Harris director, officer: Chief Executive Officer 600 LEXINGTON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Kelly Amanda Porcella officer: General Counsel C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Kevin Moclair officer: Chief Accounting Officer 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Robert Perelman officer: Head of Asset Management 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054
Marc Fox officer: Chief Financial Officer 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054
Mark David Alexander director C/O LADDER CAPITAL CORP, 345 PARK AVENUE, NEW YORK NY 10154
David Alan Weiner director C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Jeffrey B Steiner director 15 WEST 63RD STREET, NEW YORK NY 10023
Thomas Harney officer: Head-Merchant Banking & Cap Mk 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Alan H Fishman director, Chairman ONE METROTECH CENTER, BROOKLYN NY 11201
Gi Partners Fund Iii Lp director, 10 percent owner 2180 SAND HILL ROAD, SUITE 210, MENLO PARK CA 94025
Towerbrook Investor Ii Executive Fund L P 10 percent owner 430 PARK AVE 6TH FL, NEW YORK NY 10022