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WaFd (WAFD) Cyclically Adjusted PB Ratio : 0.94 (As of Apr. 29, 2024)


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What is WaFd Cyclically Adjusted PB Ratio?

As of today (2024-04-29), WaFd's current share price is $27.91. WaFd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $29.61. WaFd's Cyclically Adjusted PB Ratio for today is 0.94.

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

WAFD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.3   Max: 1.85
Current: 0.94

During the past years, WaFd's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.82. And the median was 1.30.

WAFD's Cyclically Adjusted PB Ratio is ranked worse than
51.11% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs WAFD: 0.94

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.

WaFd's adjusted book value per share data for the three months ended in Dec. 2023 was $33.492. 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 $29.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


WaFd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for WaFd'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.

WaFd Cyclically Adjusted PB Ratio Chart

WaFd 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 1.69 0.91 1.37 1.08 0.87

WaFd 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 1.06 0.91 0.87 1.11 -

Competitive Comparison of WaFd's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, WaFd'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.


WaFd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



WaFd 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.

WaFd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.91/29.61
=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.

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

For example, WaFd'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)
=33.492/129.4194*129.4194
=33.492

Current CPI (Dec. 2023) = 129.4194.

WaFd Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.464 99.695 25.267
201406 19.848 100.560 25.544
201409 20.053 100.428 25.842
201412 20.310 99.070 26.532
201503 20.698 99.621 26.889
201506 20.846 100.684 26.796
201509 21.043 100.392 27.128
201512 21.204 99.792 27.499
201603 21.502 100.470 27.697
201606 21.747 101.688 27.678
201609 22.031 101.861 27.991
201612 22.399 101.863 28.459
201703 22.527 102.862 28.343
201706 22.774 103.349 28.519
201709 23.003 104.136 28.588
201712 23.269 104.011 28.953
201803 23.465 105.290 28.843
201806 23.778 106.317 28.945
201809 24.143 106.507 29.337
201812 24.445 105.998 29.846
201903 24.918 107.251 30.069
201906 25.350 108.070 30.358
201909 25.786 108.329 30.806
201912 26.257 108.420 31.343
202003 26.233 108.902 31.176
202006 26.293 108.767 31.285
202009 26.611 109.815 31.362
202012 27.176 109.897 32.004
202103 27.816 111.754 32.213
202106 27.741 114.631 31.320
202109 28.031 115.734 31.346
202112 28.333 117.630 31.173
202203 28.966 121.301 30.905
202206 29.395 125.017 30.430
202209 30.220 125.227 31.232
202212 30.960 125.222 31.998
202303 31.540 127.348 32.053
202306 32.355 128.729 32.529
202309 32.847 129.860 32.736
202312 33.492 129.419 33.492

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.


WaFd  (NAS:WAFD) 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.


WaFd Cyclically Adjusted PB Ratio Related Terms

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


WaFd (WAFD) Business Description

Industry
Traded in Other Exchanges
Address
425 Pike Street, Seattle, WA, USA, 98101
WaFd Inc is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Geographically It operates in Washington, Oregon, Arizona, Texas, Utah. New Mexico, Nevada, Idaho and others. WaFd Inc provides, Personal Banking, Business Banking, Commercial Banking and Home Loans.
Executives
Randall H Talbot director 777 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98124-1690
David K Grant director
Blayne Sanden officer: SVP & PAO 425 PIKE STREET, SEATTLE WA 98101
Brent J Beardall officer: EVP & CFO 425 PIKE STREET, SEATTLE WA 98101
Kim E Robison officer: EVP & Chief Operations Officer 425 PIKE STREET, SEATTLE WA 98101
Cathy E Cooper officer: EVP & Chief Consumer Banker 425 PIKE STREET, SEATTLE WA 98101
Kelli Holz officer: EVP & CFO PO BOX 580, BELLINGHAM WA 98227
Vincent L Beatty officer: EVP & Chief Financial Officer 425 PIKE STREET, SEATTLE WA 98101
Shawn Bice director C/O SPLUNK INC., 270 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Mauer officer: EVP & Chief Credit Officer 425 PIKE STREET, SEATTLE WA 98101
James Endrizzi officer: EVP & Chief Commercial Banker 425 PIKE STREET, SEATTLE WA 98101
Sean Singleton director 425 PIKE ST, SEATTLE WA 98101
Sylvia Hampel director 425 PIKE ST, SEATTLE WA 98101
Sudhir Steven Singh director 6222 185TH AVE, REDMOND WA 98052
Linda S Brower director