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Walker & Dunlop (Walker & Dunlop) Cyclically Adjusted PB Ratio : 2.58 (As of Apr. 27, 2024)


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What is Walker & Dunlop Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Walker & Dunlop's current share price is $93.21. Walker & Dunlop's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $36.17. Walker & Dunlop's Cyclically Adjusted PB Ratio for today is 2.58.

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

WD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 3.36   Max: 6.21
Current: 2.55

During the past years, Walker & Dunlop's highest Cyclically Adjusted PB Ratio was 6.21. The lowest was 1.38. And the median was 3.36.

WD's Cyclically Adjusted PB Ratio is ranked worse than
92.41% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs WD: 2.55

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.

Walker & Dunlop's adjusted book value per share data for the three months ended in Dec. 2023 was $52.435. 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 $36.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Walker & Dunlop Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Walker & Dunlop'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.

Walker & Dunlop Cyclically Adjusted PB Ratio Chart

Walker & Dunlop 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 3.68 4.44 5.85 2.50 3.07

Walker & Dunlop 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 2.50 2.32 2.32 2.10 3.07

Competitive Comparison of Walker & Dunlop's Cyclically Adjusted PB Ratio

For the Mortgage Finance subindustry, Walker & Dunlop'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.


Walker & Dunlop's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Walker & Dunlop 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.

Walker & Dunlop's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=93.21/36.17
=2.58

* 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.

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

For example, Walker & Dunlop'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)
=52.435/129.4194*129.4194
=52.435

Current CPI (Dec. 2023) = 129.4194.

Walker & Dunlop Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.950 99.695 15.513
201406 12.310 100.560 15.843
201409 12.828 100.428 16.531
201412 13.621 99.070 17.794
201503 14.300 99.621 18.577
201506 15.041 100.684 19.334
201509 15.839 100.392 20.419
201512 16.558 99.792 21.474
201603 17.097 100.470 22.023
201606 18.181 101.688 23.139
201609 19.341 101.861 24.574
201612 20.650 101.863 26.236
201703 21.381 102.862 26.901
201706 22.628 103.349 28.336
201709 23.752 104.136 29.519
201712 26.966 104.011 33.553
201803 27.427 105.290 33.713
201806 28.572 106.317 34.781
201809 29.643 106.507 36.020
201812 30.584 105.998 37.342
201903 30.800 107.251 37.166
201906 32.018 108.070 38.343
201909 33.241 108.329 39.712
201912 34.483 108.420 41.162
202003 34.166 108.902 40.603
202006 35.910 108.767 42.728
202009 36.419 109.815 42.921
202012 38.993 109.897 45.920
202103 40.195 111.754 46.549
202106 41.680 114.631 47.057
202109 43.762 115.734 48.937
202112 48.368 117.630 53.216
202203 49.210 121.301 52.504
202206 50.538 125.017 52.318
202209 51.414 125.227 53.135
202212 52.149 125.222 53.897
202303 51.566 127.348 52.405
202306 51.933 128.729 52.212
202309 52.051 129.860 51.875
202312 52.435 129.419 52.435

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.


Walker & Dunlop  (NYSE:WD) 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.


Walker & Dunlop Cyclically Adjusted PB Ratio Related Terms

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


Walker & Dunlop (Walker & Dunlop) Business Description

Traded in Other Exchanges
Address
7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, USA, 20814
Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company's products consist of first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans. The company generates a majority of total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
Executives
Smith Howard W Iii director, officer: President 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
William M Walker director, officer: Chairman & CEO 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Stephen P Theobald officer: EVP, CFO & Treasurer 999 WATERSIDE DRIVE, SUITE 200, NORFOLK VA 23510
Richard M Lucas officer: EVP & Gen Counsel & Secretary 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Paula A. Pryor officer: EVP & Chief HR Officer C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Dana L Schmaltz director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Gregory Florkowski officer: EVP & Chief Financial Officer C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Rice E. John Jr director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Donna Wells director BOSTON PRIVATE FINANCIAL HOLDINGS, INC., TEN POST OFFICE SQUARE, BOSTON MA 02109
Michael J. Warren director C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Michael D Malone director 2430 LEMON TREE LANE, CHARLOTTE NC 28211
Alan J Bowers director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Richard C Warner officer: EVP & Chief Credit Officer 7501 WISCONSIN AVENUE, SUITE 1200, BETHESDA MD 20814
Ellen Levy director C/O INSTRUCTURE, INC., 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Cynthia A Hallenbeck director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814