BZH (Beazer Homes USA) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 30, 2026) — 37% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BZH Beazer Homes USA Inc BZH
60 GF Score
Price $33.22
GF Value $27.27
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Beazer Homes USA Cyclically Adjusted PB Ratio?

Beazer Homes USA BZH 60 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 30, 2026, which is 37% above its 10-year median of 0.78. GuruFocus rates BZH with a GF Score™ of 60/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 70 Homebuilding & Construction companies, Beazer Homes USA ranks better than 54.29% on this metric.

As of today (2026-08-30), Beazer Homes USA's current share price is $33.22. Beazer Homes USA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $31.03. Beazer Homes USA's Cyclically Adjusted PB Ratio for today is 1.07.

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

BZH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.78   Max: 1.61
Current: 1.07

During the past years, Beazer Homes USA's highest Cyclically Adjusted PB Ratio was 1.61. The lowest was 0.20. And the median was 0.78.

BZH's Cyclically Adjusted PB Ratio is ranked better than
54.29% of 70 companies
in the Homebuilding & Construction industry
Industry Median: 1.13 vs BZH: 1.07

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.

Beazer Homes USA's adjusted book value per share data for the three months ended in Jun. 2026 was $41.967. 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 $31.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beazer Homes USA  (NYSE:BZH) 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.


Beazer Homes USA Cyclically Adjusted PB Ratio Related Terms


Beazer Homes USA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beazer Homes USA'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.

Beazer Homes USA Cyclically Adjusted PB Ratio Chart

Beazer Homes USA Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.49 1.10 1.32 0.84

Beazer Homes USA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.78 0.84 0.69 0.63 0.90

BZH vs HOV, LEGH, LGIH: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Beazer Homes USA'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.


Beazer Homes USA Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BZH
60GF Score
Beazer Homes USA Inc BZH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Beazer Homes USA 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.

Beazer Homes USA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.22/31.03
=1.07

* 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.

Beazer Homes USA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Beazer Homes USA's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=41.967/333.9520*333.9520
=41.967

Current CPI (Jun. 2026) = 333.9520.

Beazer Homes USA Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.439 241.428 26.889
201612 19.174 241.432 26.522
201703 19.020 243.801 26.053
201706 19.315 244.955 26.333
201709 20.362 246.819 27.550
201712 16.454 246.524 22.289
201803 16.860 249.554 22.562
201806 17.301 251.989 22.928
201809 19.212 252.439 25.416
201812 19.437 251.233 25.837
201903 16.513 254.202 21.694
201906 17.194 256.143 22.417
201909 17.417 256.759 22.653
201912 17.184 256.974 22.332
202003 17.649 258.115 22.834
202006 18.192 257.797 23.566
202009 19.127 260.280 24.541
202012 19.392 260.474 24.862
202103 20.255 264.877 25.537
202106 21.525 271.696 26.457
202109 23.164 274.310 28.200
202112 24.007 278.802 28.756
202203 25.506 287.504 29.627
202206 27.374 296.311 30.851
202209 30.417 296.808 34.224
202212 30.708 296.797 34.552
202303 31.869 301.836 35.260
202306 33.338 305.109 36.490
202309 35.177 307.789 38.167
202312 35.550 306.746 38.703
202403 36.821 312.332 39.370
202406 37.910 314.175 40.296
202409 39.684 315.301 42.031
202412 39.550 315.605 41.849
202503 40.526 319.799 42.320
202506 40.942 322.561 42.388
202509 41.963 324.800 43.145
202512 40.677 324.054 41.919
202603 41.324 330.213 41.792
202606 41.967 333.952 41.967

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.

What does a Cyclically Adjusted PB Ratio of 1.07 mean?
Beazer Homes USA (BZH) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beazer Homes USA and its competitors. This is 37% above median its historical median of 0.78. Over the past decade, Beazer Homes USA's Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.61. According to the industry distribution chart, Beazer Homes USA ranks #32 out of 70 companies in the Homebuilding & Construction industry, placing it in the top 45.7%.
Is Beazer Homes USA's Cyclically Adjusted PB Ratio too high?
Beazer Homes USA's current Cyclically Adjusted PB Ratio of 1.07 is 37% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.61. The Homebuilding & Construction industry median Cyclically Adjusted PB Ratio is 1.13. Beazer Homes USA's value of 1.07 is 5.3% below this industry median. Based on the distribution chart, Beazer Homes USA ranks #32 out of 70 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Beazer Homes USA has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beazer Homes USA's Cyclically Adjusted PB Ratio compare to HOV and LEGH?
According to the Homebuilding & Construction industry distribution chart, Beazer Homes USA ranks #32 out of 70 companies for Cyclically Adjusted PB Ratio. This puts Beazer Homes USA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Beazer Homes USA's value of 1.07 is 5.3% below this benchmark. Historically, Beazer Homes USA's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.61 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.13, Beazer Homes USA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Homebuilding & Construction company?
The median Cyclically Adjusted PB Ratio among Homebuilding & Construction companies is 1.13, based on 70 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Beazer Homes USA's current Cyclically Adjusted PB Ratio of 1.07 is 5.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beazer Homes USA and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beazer Homes USA's current Cyclically Adjusted PB Ratio is 1.07, which is 37% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beazer Homes USA stock overvalued right now?
Based on GuruFocus' analysis, Beazer Homes USA (BZH) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.27, compared to a current price of $33.22 — trading 21.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 37% above median its 10-year median of 0.78 and 5.3% below the Homebuilding & Construction industry median of 1.13. Beazer Homes USA's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Beazer Homes USA (BZH), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Beazer Homes USA (BZH) Overvalued in 2026?

Based on GuruFocus' analysis, Beazer Homes USA stock appears to be overvalued. The current stock price of $33.22 is trading 21.8% above its estimated GF Value™ of $27.27. GuruFocus considers Beazer Homes USA to be Modestly Overvalued.

Key valuation signals for BZH:

  • Cyclically Adjusted PB Ratio: 1.07 (37% above median its 10-year median of 0.78)
  • GF Value™: $27.27 vs. price of $33.22 (21.8% above fair value)
  • GF Score™: 60/100 with 11 warning signs
  • Industry Position: 5.3% below the Homebuilding & Construction median (#32 of 70)

No single metric tells the full story. See the BZH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beazer Homes USA Business Description

Other Exchanges 0HMG:UKBE4A:Germany
Address 2002 Summit Boulevard NE, 15th Floor, Atlanta, GA, USA, 30319
Beazer Homes USA Inc is an construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in states and metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the sources of revenue for the company. Its segments involve: West segment that includes Arizona, California, Nevada, and Texas; East segment that includes Delaware, Indiana, Maryland, Tennessee, and Virginia; and Southeast segment which includes Florida, Georgia, North Carolina, and South Carolina.
60GF Score

Get the complete analysis for BZH

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.22
Price
$27.27
GF Value