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Timberland Bancorp (Timberland Bancorp) Cyclically Adjusted PB Ratio : 1.13 (As of Apr. 27, 2024)


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What is Timberland Bancorp Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Timberland Bancorp's current share price is $25.25. Timberland Bancorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $22.26. Timberland Bancorp's Cyclically Adjusted PB Ratio for today is 1.13.

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

TSBK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.39   Max: 3.03
Current: 1.13

During the past years, Timberland Bancorp's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 0.70. And the median was 1.39.

TSBK's Cyclically Adjusted PB Ratio is ranked worse than
64.08% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs TSBK: 1.13

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.

Timberland Bancorp's adjusted book value per share data for the three months ended in Dec. 2023 was $29.230. 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 $22.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Timberland Bancorp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Timberland 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.

Timberland Bancorp Cyclically Adjusted PB Ratio Chart

Timberland Bancorp Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 1.19 1.69 1.39 1.23

Timberland Bancorp 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 1.69 1.30 1.19 1.23 1.41

Competitive Comparison of Timberland Bancorp's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Timberland 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.


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

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

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



Timberland 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.25/22.26
=1.13

* 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.

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

For example, Timberland 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)
=29.23/129.4194*129.4194
=29.230

Current CPI (Dec. 2023) = 129.4194.

Timberland Bancorp Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.357 99.695 14.743
201406 11.543 100.560 14.856
201409 11.746 100.428 15.137
201412 11.948 99.070 15.608
201503 12.112 99.621 15.735
201506 12.375 100.684 15.907
201509 12.761 100.392 16.451
201512 13.018 99.792 16.883
201603 13.308 100.470 17.142
201606 13.612 101.688 17.324
201609 13.945 101.861 17.718
201612 14.322 101.863 18.197
201703 14.271 102.862 17.956
201706 14.768 103.349 18.493
201709 15.079 104.136 18.740
201712 15.489 104.011 19.273
201803 15.946 105.290 19.600
201806 16.346 106.317 19.898
201809 16.843 106.507 20.466
201812 18.874 105.998 23.044
201903 19.473 107.251 23.498
201906 19.934 108.070 23.872
201909 20.538 108.329 24.536
201912 21.045 108.420 25.121
202003 21.423 108.902 25.459
202006 21.996 108.767 26.172
202009 22.577 109.815 26.608
202012 23.242 109.897 27.371
202103 23.745 111.754 27.498
202106 24.359 114.631 27.501
202109 24.762 115.734 27.690
202112 25.198 117.630 27.724
202203 25.557 121.301 27.267
202206 25.980 125.017 26.895
202209 26.584 125.227 27.474
202212 27.159 125.222 28.069
202303 27.753 127.348 28.204
202306 28.324 128.729 28.476
202309 28.755 129.860 28.658
202312 29.230 129.419 29.230

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.


Timberland Bancorp  (NAS:TSBK) 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.


Timberland Bancorp Cyclically Adjusted PB Ratio Related Terms

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


Timberland Bancorp (Timberland Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
624 Simpson Avenue, Hoquiam, WA, USA, 98550
Timberland Bancorp Inc is a bank holding company. The bank offers a variety of services such as checking accounts, online and mobile banking, savings accounts, home loans, consumer loans, construction loans, business rewards, cash management, small business solutions, and business checking accounts among others. Company also offers loans to real estate, including residential and commercial / multi-family construction loans, one- to four-family residential loans, multi-family loans, commercial real estate loans and land loans. The company mainly operates in the United States.
Executives
Matthew J Debord officer: Chief Lending Officer/EVP 624 SIMPSON AVENUE, HOQUIAM WA 98550
David Alan Smith director 18 WESTVIEW DR, HOQUIAM WA 98550
Breanne D Antich officer: Chief Technology Officer/EVP 624 SIMPSON AVENUE, HOQUIAM WA 98550
Marci A Basich officer: Treasurer 409 FIR STREET, MCLEARY WA 98557
Andrea M Clinton director 4520 GREEN COVE CT NW, OLYMPIA WA 98502
Michael R Sand director, officer: President 128 BEACON HILL DRIVE, HOGUIAM WA 98550
Jonathan Arthur Fischer officer: Senior Vice President PO BOX 1156, COSMOPOLIS WA 98537
Jon C Parker director P O BOX 700, HOGUIAM WA 98550
Parul Bhandari director 1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Foster Edward Colman officer: Senior Vice President 624 SIMPSON AVENUE, HOQUIAM WA 98550
Larry David Goldberg director 1801 SHERWOOD LANE, ABERDEEN WA 98520
Michael John Stoney director P.O. BOX 226, MCCLEARY WA 98557
Dean J Brydon officer: CFO 55 BAY BERRY DRIVE, HOGUIAM WA 98550
Daniel D Yerrington director 624 SIMPSON AVENUE, HOQUIAM WA 98550
Kelly Suter director 624 SIMPSON AVENUE, HOQUIAM WA 98550