Walker & Dunlop (FRA:5WD) Cyclically Adjusted PB Ratio: 0.90 (As of Aug. 16, 2026) — 67% Below Median

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FRA:5WD Walker & Dunlop Inc FRA:5WD
64 GF Score
Price €36.60
GF Value €81.24
! 10 Warning Signs
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What is Walker & Dunlop Cyclically Adjusted PB Ratio?

Walker & Dunlop FRA:5WD +1.10% 64 Cyclically Adjusted PB Ratio is 0.90 as of Aug. 16, 2026, which is 67% below its 10-year median of 2.76. GuruFocus rates FRA:5WD with a GF Score™ of 64/100 and a GF Value™ of €81.24. The stock has 10 warning signs investors should review. Among 1,285 Banks companies, Walker & Dunlop ranks better than 71.36% on this metric.

As of today (2026-08-16), Walker & Dunlop's current share price is €36.60. Walker & Dunlop's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €40.80. Walker & Dunlop's Cyclically Adjusted PB Ratio for today is 0.90.

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

FRA:5WD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 2.76   Max: 6.21
Current: 0.89

During the past years, Walker & Dunlop's highest Cyclically Adjusted PB Ratio was 6.21. The lowest was 0.89. And the median was 2.76.

FRA:5WD's Cyclically Adjusted PB Ratio is ranked better than
71.36% of 1285 companies
in the Banks industry
Industry Median: 1.3 vs FRA:5WD: 0.89

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 Jun. 2026 was €44.561. 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 €40.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Walker & Dunlop  (FRA:5WD) 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


Walker & Dunlop Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Walker & Dunlop Cyclically Adjusted PB Ratio Chart

Walker & Dunlop Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.85 2.50 3.07 2.39 1.34

Walker & Dunlop 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 1.63 1.89 1.34 0.95 1.15

FRA:5WD vs VEL, UWMC, LDI: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


FRA:5WD
64GF Score
Walker & Dunlop Inc FRA:5WD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=36.60/40.80
=0.90

* 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 Jun. 2026 is calculated as:

For example, Walker & Dunlop'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)
=44.561/333.9520*333.9520
=44.561

Current CPI (Jun. 2026) = 333.9520.

Walker & Dunlop Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.233 241.428 23.837
201612 19.576 241.432 27.078
201703 19.991 243.801 27.383
201706 20.139 244.955 27.456
201709 19.928 246.819 26.963
201712 22.786 246.524 30.867
201803 22.243 249.554 29.765
201806 24.457 251.989 32.412
201809 25.404 252.439 33.607
201812 26.883 251.233 35.734
201903 27.258 254.202 35.810
201906 28.336 256.143 36.944
201909 30.183 256.759 39.257
201912 31.034 256.974 40.330
202003 30.921 258.115 40.006
202006 31.888 257.797 41.308
202009 30.920 260.280 39.672
202012 32.052 260.474 41.094
202103 33.764 264.877 42.569
202106 34.594 271.696 42.521
202109 37.198 274.310 45.286
202112 42.806 278.802 51.273
202203 44.683 287.504 51.902
202206 47.809 296.311 53.882
202209 51.928 296.808 58.427
202212 49.229 296.797 55.392
202303 48.163 301.836 53.288
202306 47.935 305.109 52.466
202309 48.772 307.789 52.918
202312 48.083 306.746 52.348
202403 47.684 312.332 50.985
202406 47.573 314.175 50.568
202409 46.418 315.301 49.164
202412 50.286 315.605 53.209
202503 48.053 319.799 50.180
202506 45.473 322.561 47.079
202509 45.058 324.800 46.328
202512 44.351 324.054 45.706
202603 44.772 330.213 45.279
202606 44.561 333.952 44.561

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 0.90 mean?
Walker & Dunlop (FRA:5WD) has a Cyclically Adjusted PB Ratio of 0.90 as of Aug. 16, 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 Walker & Dunlop and its competitors. This is 67% below median its historical median of 2.76. Over the past decade, Walker & Dunlop's Cyclically Adjusted PB Ratio has ranged from 0.89 to 6.21. According to the industry distribution chart, Walker & Dunlop ranks #368 out of 1285 companies in the Banks industry, placing it in the top 28.6%.
Is Walker & Dunlop's Cyclically Adjusted PB Ratio too high?
Walker & Dunlop's current Cyclically Adjusted PB Ratio of 0.90 is 67% below median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 6.21. The Banks industry median Cyclically Adjusted PB Ratio is 1.30. Walker & Dunlop's value of 0.90 is 30.8% below this industry median. Based on the distribution chart, Walker & Dunlop ranks #368 out of 1285 companies in the Banks industry, which is above the industry midpoint. Overall, Walker & Dunlop has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Walker & Dunlop's Cyclically Adjusted PB Ratio compare to VEL and UWMC?
According to the Banks industry distribution chart, Walker & Dunlop ranks #368 out of 1285 companies for Cyclically Adjusted PB Ratio. This puts Walker & Dunlop in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. Walker & Dunlop's value of 0.90 is 30.8% below this benchmark. Historically, Walker & Dunlop's own Cyclically Adjusted PB Ratio has ranged from 0.89 to 6.21 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 1.30, Walker & Dunlop 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.30, based on 1,285 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. Walker & Dunlop's current Cyclically Adjusted PB Ratio of 0.90 is 30.8% 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 Walker & Dunlop and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walker & Dunlop's current Cyclically Adjusted PB Ratio is 0.90, which is 67% below median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walker & Dunlop stock overvalued right now?
Walker & Dunlop (FRA:5WD) has a current Cyclically Adjusted PB Ratio of 0.90. The stock's GF Value™ is €81.24, compared to a current price of €36.60 — trading 54.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 67% below median its 10-year median of 2.76 and 30.8% below the Banks industry median of 1.30. Walker & Dunlop's overall GF Score™ is 64/100 with 10 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 Walker & Dunlop (FRA:5WD), the current Cyclically Adjusted PB Ratio is 0.90 as of Aug. 16, 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 Walker & Dunlop (FRA:5WD) Overvalued in 2026?

Based on GuruFocus' analysis, Walker & Dunlop stock appears to be undervalued. The current stock price of €36.60 is trading 54.9% below its estimated GF Value™ of €81.24.

Key valuation signals for FRA:5WD:

  • Cyclically Adjusted PB Ratio: 0.90 (67% below median its 10-year median of 2.76)
  • GF Value™: €81.24 vs. price of €36.60 (54.9% below fair value)
  • GF Score™: 64/100 with 10 warning signs
  • Industry Position: 30.8% below the Banks median (#368 of 1285)

No single metric tells the full story. See the FRA:5WD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walker & Dunlop Business Description

Other Exchanges WD:USA0A8P:UK
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 is managed based on three reportable segments: Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. The company generates a majority of its total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
64GF Score

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

€36.60
Price
€81.24
GF Value