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PotlatchDeltic (PotlatchDeltic) Cyclically Adjusted PB Ratio : 2.34 (As of Apr. 27, 2024)


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What is PotlatchDeltic Cyclically Adjusted PB Ratio?

As of today (2024-04-27), PotlatchDeltic's current share price is $41.05. PotlatchDeltic's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.52. PotlatchDeltic's Cyclically Adjusted PB Ratio for today is 2.34.

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

PCH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 4.45   Max: 9.52
Current: 2.34

During the past years, PotlatchDeltic's highest Cyclically Adjusted PB Ratio was 9.52. The lowest was 2.34. And the median was 4.45.

PCH's Cyclically Adjusted PB Ratio is ranked worse than
88.46% of 494 companies
in the REITs industry
Industry Median: 0.775 vs PCH: 2.34

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 Dec. 2023 was $27.356. 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 $17.52 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.98 3.17 3.23 2.66 2.80

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
=41.05/17.52
=2.34

* 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 Dec. 2023 is calculated as:

For example, PotlatchDeltic's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=27.356/129.4194*129.4194
=27.356

Current CPI (Dec. 2023) = 129.4194.

PotlatchDeltic Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.206 99.695 6.758
201406 5.527 100.560 7.113
201409 6.054 100.428 7.802
201412 5.543 99.070 7.241
201503 5.335 99.621 6.931
201506 5.047 100.684 6.487
201509 5.286 100.392 6.814
201512 5.008 99.792 6.495
201603 4.681 100.470 6.030
201606 3.469 101.688 4.415
201609 3.844 101.861 4.884
201612 3.857 101.863 4.900
201703 3.922 102.862 4.935
201706 4.194 103.349 5.252
201709 4.708 104.136 5.851
201712 4.938 104.011 6.144
201803 21.280 105.290 26.157
201806 21.686 106.317 26.398
201809 18.789 106.507 22.831
201812 19.458 105.998 23.757
201903 18.914 107.251 22.824
201906 18.546 108.070 22.210
201909 18.383 108.329 21.962
201912 18.251 108.420 21.786
202003 17.171 108.902 20.406
202006 16.831 108.767 20.027
202009 17.886 109.815 21.079
202012 19.513 109.897 22.979
202103 22.039 111.754 25.523
202106 24.040 114.631 27.141
202109 24.741 115.734 27.667
202112 22.097 117.630 24.312
202203 24.681 121.301 26.333
202206 26.610 125.017 27.547
202209 29.779 125.227 30.776
202212 28.402 125.222 29.354
202303 27.883 127.348 28.337
202306 27.946 128.729 28.096
202309 28.119 129.860 28.024
202312 27.356 129.419 27.356

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  (NAS:PCH) 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 (PotlatchDeltic) 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.
Executives
Glen F Smith officer: Chief Accounting Officer 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Michael J Covey director, officer: CHAIRMAN, PRESIDENT & CEO C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Jerald W Richards officer: VP, Chief Financial Officer C/O POTLATCHDELTIC CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Robert L. Schwartz officer: VP, Human Resources 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Wayne Wasechek officer: Controller C/O POTLATCHDELTIC CORPORATION, 601 WEST FIRST AVE SUITE 1600, SPOKANE WA 99201
Michele Lynn Tyler officer: VP, GC Corp Sec 601 W FIRST AVE, SUITE 1600, SPOKANE WA 99201
William R Dereu officer: VICE PRESIDENT C/O POTLATCHDELTIC CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Eric J Cremers officer: VICE PRESIDENT C/O POTLATCH CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Darin Robert Ball officer: VP of Resource 601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
James M Decosmo director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Anna E. Torma officer: VP,Public Affairs/ESG Officer 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Anne L. Alonzo director 601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Ashlee Townsend Cribb officer: VP, Wood Products 600 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Thomas J. Temple officer: Vice President C/O POTLATCH CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Larry Peiros director 1221BROADWAY, OAKLAND CA 94612