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Sterling Infrastructure (Sterling Infrastructure) Cyclically Adjusted PB Ratio : 13.30 (As of May. 16, 2024)


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What is Sterling Infrastructure Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Sterling Infrastructure's current share price is $135.55. Sterling Infrastructure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $10.19. Sterling Infrastructure's Cyclically Adjusted PB Ratio for today is 13.30.

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

STRL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.2   Max: 12.65
Current: 12.49

During the past years, Sterling Infrastructure's highest Cyclically Adjusted PB Ratio was 12.65. The lowest was 0.22. And the median was 1.20.

STRL's Cyclically Adjusted PB Ratio is ranked worse than
97.9% of 1191 companies
in the Construction industry
Industry Median: 1.11 vs STRL: 12.49

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.

Sterling Infrastructure's adjusted book value per share data for the three months ended in Mar. 2024 was $20.686. 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 $10.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sterling Infrastructure Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sterling Infrastructure'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.

Sterling Infrastructure Cyclically Adjusted PB Ratio Chart

Sterling Infrastructure 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 1.45 2.08 2.97 3.57 8.86

Sterling Infrastructure 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 4.05 5.86 7.56 8.86 10.82

Competitive Comparison of Sterling Infrastructure's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Sterling Infrastructure'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.


Sterling Infrastructure's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sterling Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sterling Infrastructure 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.

Sterling Infrastructure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=135.55/10.19
=13.30

* 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.

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

For example, Sterling Infrastructure'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)
=20.686/129.4194*129.4194
=20.686

Current CPI (Mar. 2024) = 129.4194.

Sterling Infrastructure Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.693 100.560 9.901
201409 7.488 100.428 9.650
201412 7.110 99.070 9.288
201503 6.177 99.621 8.025
201506 5.861 100.684 7.534
201509 5.883 100.392 7.584
201512 4.852 99.792 6.292
201603 4.497 100.470 5.793
201606 4.419 101.688 5.624
201609 4.531 101.861 5.757
201612 4.300 101.863 5.463
201703 4.224 102.862 5.315
201706 4.856 103.349 6.081
201709 5.141 104.136 6.389
201712 5.225 104.011 6.501
201803 5.336 105.290 6.559
201806 5.656 106.317 6.885
201809 6.014 106.507 7.308
201812 6.181 105.998 7.547
201903 6.186 107.251 7.465
201906 6.493 108.070 7.776
201909 6.824 108.329 8.153
201912 7.919 108.420 9.453
202003 7.779 108.902 9.245
202006 8.548 108.767 10.171
202009 9.173 109.815 10.811
202012 9.483 109.897 11.168
202103 9.616 111.754 11.136
202106 10.406 114.631 11.748
202109 11.177 115.734 12.499
202112 12.024 117.630 13.229
202203 12.421 121.301 13.252
202206 13.374 125.017 13.845
202209 14.418 125.227 14.901
202212 15.517 125.222 16.037
202303 16.066 127.348 16.327
202306 17.445 128.729 17.539
202309 18.825 129.860 18.761
202312 20.013 129.419 20.013
202403 20.686 129.419 20.686

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.


Sterling Infrastructure  (NAS:STRL) 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.


Sterling Infrastructure Cyclically Adjusted PB Ratio Related Terms

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


Sterling Infrastructure (Sterling Infrastructure) Business Description

Traded in Other Exchanges
Address
1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .
Executives
Ronald A Ballschmiede officer: EVP & CFO 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Mark D. Wolf officer: General Counsel, Corporate Sec 770 SOUTH POST OAK LANE, SUITE 405, C/O U.S. WELL SERVICES, INC., HOUSTON TX 77056
Joseph A Cutillo officer: Chief Executive Officer 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dwayne Andree Wilson director 6700 LAS COLINAS BOULEVARD, IRVING TX 75039
Roger A Cregg director 100 BLOOMFIELD HILL PARKWAY, STE 300, BLOOMFIELD HILLS MI 48304
Raymond F Messer director 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380
Dana C. O'brien director 1111 LOUISIANA STREET, HOUSTON TX 77002
Thomas M White director C/O APOLLO MANAGEMENT, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Marian M Davenport director 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380
Milton L Scott director
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Richard O Schaum director 388 WARREN COURT, BIRMINGHAM MI 48009
Craig B Allen officer: SVP & CHRO/CCO 1800 HUGHES LANDING BLVD, STE 250, THE WOODLANDS TX 77380
Wadsworth Con L officer: EVP & Chief Operating Officer 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380