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Pacific Premier Bancorp (Pacific Premier Bancorp) Cyclically Adjusted PB Ratio : 0.77 (As of Apr. 29, 2024)


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What is Pacific Premier Bancorp Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Pacific Premier Bancorp's current share price is $21.98. Pacific Premier Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $28.55. Pacific Premier Bancorp's Cyclically Adjusted PB Ratio for today is 0.77.

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

PPBI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.72   Max: 3.47
Current: 0.77

During the past years, Pacific Premier Bancorp's highest Cyclically Adjusted PB Ratio was 3.47. The lowest was 0.67. And the median was 1.72.

PPBI's Cyclically Adjusted PB Ratio is ranked better than
63.07% of 1178 companies
in the Banks industry
Industry Median: 0.92 vs PPBI: 0.77

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.

Pacific Premier Bancorp's adjusted book value per share data for the three months ended in Dec. 2023 was $30.071. 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 $28.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pacific Premier Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pacific Premier Bancorp'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.

Pacific Premier Bancorp Cyclically Adjusted PB Ratio Chart

Pacific Premier Bancorp 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 1.90 1.61 1.75 1.21 1.02

Pacific Premier Bancorp 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 0.89 0.75 0.77 1.02 -

Competitive Comparison of Pacific Premier Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Pacific Premier Bancorp'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.


Pacific Premier Bancorp's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pacific Premier Bancorp's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pacific Premier Bancorp 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.

Pacific Premier Bancorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.98/28.55
=0.77

* 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.

Pacific Premier Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Pacific Premier Bancorp'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)
=30.071/129.4194*129.4194
=30.071

Current CPI (Dec. 2023) = 129.4194.

Pacific Premier Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.964 99.695 14.233
201406 11.259 100.560 14.490
201409 11.591 100.428 14.937
201412 11.807 99.070 15.424
201503 12.776 99.621 16.598
201506 13.091 100.684 16.827
201509 13.517 100.392 17.425
201512 13.860 99.792 17.975
201603 15.575 100.470 20.063
201606 15.936 101.688 20.282
201609 16.270 101.861 20.672
201612 16.538 101.863 21.012
201703 16.877 102.862 21.234
201706 23.964 103.349 30.009
201709 24.443 104.136 30.378
201712 26.857 104.011 33.418
201803 27.122 105.290 33.338
201806 27.633 106.317 33.638
201809 30.675 106.507 37.274
201812 31.525 105.998 38.491
201903 31.973 107.251 38.582
201906 32.796 108.070 39.275
201909 33.505 108.329 40.028
201912 33.822 108.420 40.373
202003 33.396 108.902 39.688
202006 28.136 108.767 33.478
202009 28.483 109.815 33.568
202012 29.070 109.897 34.234
202103 28.561 111.754 33.076
202106 29.722 114.631 33.556
202109 30.079 115.734 33.636
202112 30.579 117.630 33.644
202203 29.312 121.301 31.274
202206 29.009 125.017 30.031
202209 28.789 125.227 29.753
202212 29.450 125.222 30.437
202303 29.579 127.348 30.060
202306 29.708 128.729 29.867
202309 29.776 129.860 29.675
202312 30.071 129.419 30.071

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.


Pacific Premier Bancorp  (NAS:PPBI) 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.


Pacific Premier Bancorp Cyclically Adjusted PB Ratio Related Terms

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


Pacific Premier Bancorp (Pacific Premier Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
17901 Von Karman Avenue, Suite 1200, Irvine, CA, USA, 92614
Pacific Premier Bancorp Inc through its subsidiaries, provides banking products and services. It offers cash management, electronic banking services, credit facilities, and retirement accounts, among others.
Executives
Michael S Karr officer: EVP & Chief Credit Officer 1600 SUNFLOWER AVE, COSTA MESA CA 92626
Lori R Wright officer: EVP, Chief Accounting Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Tom Rice officer: EVP & Chief Operating Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Edward Earl Wilcox officer: EVP/Chief Lending Officer 13221 SUSSEX PLACE, SANTA ANA CA 92705
Jeff C Jones director 1199 SOUTH FAIRWAY DRIVE, 2ND FLOOR, WALNUT CA 91789
Joseph L Garrett director 2820 DERBY STREET, BERKELEY CA 94705
Sherri V. Scott officer: Sr.EVP,Dir ESG & Corp Respons. 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
Tamara Wendoll officer: EVP/COO Pacific Premier Trust 17901 VAN KARMAN, SUITE 1200, IRVINE CA 92614
Steven R Gardner officer: President/CEO 12131 ORVILLINA DRIVE, SANTA ANA CA 92705
Stephanie Hsieh director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Margaret S. Ohlhaver officer: Sr.EVP, Chf Human Res. Officer 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
George M. Pereira director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Jaynie M Studenmund director 506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104
Nicolas Ronald J. Jr. officer: SEVP & CFO 2727 E. IMPERIAL HIGHWAY, BREA CA 92821