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Starwood Property Trust (Starwood Property Trust) Cyclically Adjusted PB Ratio : 0.94 (As of Apr. 27, 2024)


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What is Starwood Property Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Starwood Property Trust's current share price is $19.50. Starwood Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.78. Starwood Property Trust's Cyclically Adjusted PB Ratio for today is 0.94.

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

STWD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1   Max: 1.39
Current: 0.92

During the past years, Starwood Property Trust's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.47. And the median was 1.00.

STWD's Cyclically Adjusted PB Ratio is ranked worse than
58.3% of 494 companies
in the REITs industry
Industry Median: 0.775 vs STWD: 0.92

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.

Starwood Property Trust's adjusted book value per share data for the three months ended in Dec. 2023 was $19.948. 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 $20.78 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starwood Property Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Starwood Property Trust'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.

Starwood Property Trust Cyclically Adjusted PB Ratio Chart

Starwood Property Trust 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 1.27 1.00 1.22 0.88 1.01

Starwood Property Trust 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 0.88 0.84 0.92 0.92 1.01

Competitive Comparison of Starwood Property Trust's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Starwood Property Trust'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.


Starwood Property Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Starwood Property Trust 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.

Starwood Property Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.50/20.78
=0.94

* 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.

Starwood Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Starwood Property Trust'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)
=19.948/129.4194*129.4194
=19.948

Current CPI (Dec. 2023) = 129.4194.

Starwood Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.340 99.695 21.212
201406 17.078 100.560 21.979
201409 17.308 100.428 22.304
201412 17.272 99.070 22.563
201503 17.195 99.621 22.338
201506 17.578 100.684 22.595
201509 17.549 100.392 22.623
201512 17.434 99.792 22.610
201603 17.063 100.470 21.979
201606 17.057 101.688 21.709
201609 17.068 101.861 21.686
201612 17.441 101.863 22.159
201703 17.299 102.862 21.765
201706 17.337 103.349 21.710
201709 17.242 104.136 21.428
201712 17.134 104.011 21.320
201803 17.020 105.290 20.921
201806 16.942 106.317 20.623
201809 16.858 106.507 20.485
201812 16.700 105.998 20.390
201903 16.486 107.251 19.894
201906 16.488 108.070 19.745
201909 16.511 108.329 19.725
201912 16.656 108.420 19.882
202003 15.760 108.902 18.729
202006 15.792 108.767 18.790
202009 15.856 109.815 18.687
202012 15.770 109.897 18.571
202103 15.607 111.754 18.074
202106 15.557 114.631 17.564
202109 15.549 115.734 17.388
202112 19.922 117.630 21.919
202203 20.461 121.301 21.830
202206 20.678 125.017 21.406
202209 20.824 125.227 21.521
202212 20.801 125.222 21.498
202303 20.441 127.348 20.774
202306 20.509 128.729 20.619
202309 20.181 129.860 20.113
202312 19.948 129.419 19.948

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.


Starwood Property Trust  (NYSE:STWD) 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.


Starwood Property Trust Cyclically Adjusted PB Ratio Related Terms

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


Starwood Property Trust (Starwood Property Trust) Business Description

Traded in Other Exchanges
Address
591 West Putnam Avenue, Greenwich, CT, USA, 06830
Starwood Property Trust Inc is an American real estate investment trust principally engaged in originating, acquiring, and managing commercial mortgage loans and commercial mortgage-backed securities in the U.S. and Europe. The company organizes its activities into Commercial and Residential Lending Segment, Infrastructure Lending Segment, Property Segment and Investing and Servicing Segment. The former acquires and finances first mortgages or mortgages with primary lien positions. The collateral for these mortgages is mainly office and hospitality properties in the American West and Northeast. Starwood's Investing and Servicing unit primarily generates revenue from the acquisition and sale of commercial mortgage-backed securities.
Executives
Jeffrey F. Dimodica director C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Deborah L Harmon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Heather N. Bennett officer: General Counsel and CCO C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Andrew Jay Sossen officer: General Counsel 555 CALIFORNIA STREET 50TH FLOOR, SAN FRANCISCO CA 94104
Barry S Sternlicht director, officer: CEO, Chairman of Board of Dir. STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Frederick Perpall director 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Jeffrey G. Dishner director C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Rina Paniry officer: Chief Financial Officer STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Fred S. Ridley director 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Camille J. Douglas director C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Solomon J. Kumin director STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strauss Zelnick director C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Boyd Fellows director, officer: President C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Richard D. Bronson director C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Perry Stewart Ward officer: Chief Financial Officer C/O STARWOOD PROPERTY TRUST, INC., 591 WEST PUTNAM AVENUE, GREENWICH CT 06830