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Ladder Capital (FRA:LD1A) Cyclically Adjusted PB Ratio : 0.72 (As of Jun. 24, 2024)


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What is Ladder Capital Cyclically Adjusted PB Ratio?

As of today (2024-06-24), Ladder Capital's current share price is €10.40. Ladder Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.45. Ladder Capital's Cyclically Adjusted PB Ratio for today is 0.72.

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

FRA:LD1A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.72   Max: 0.9
Current: 0.7

During the past years, Ladder Capital's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.59. And the median was 0.72.

FRA:LD1A's Cyclically Adjusted PB Ratio is ranked better than
53.64% of 494 companies
in the REITs industry
Industry Median: 0.74 vs FRA:LD1A: 0.70

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.

Ladder Capital's adjusted book value per share data for the three months ended in Mar. 2024 was €10.972. 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 €14.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladder Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ladder Capital'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.

Ladder Capital Cyclically Adjusted PB Ratio Chart

Ladder Capital 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 - - 0.88 0.67 0.73

Ladder Capital 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 0.63 0.71 0.66 0.73 0.70

Competitive Comparison of Ladder Capital's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Ladder Capital'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.


Ladder Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ladder Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ladder Capital 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.

Ladder Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.40/14.45
=0.72

* 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.

Ladder Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ladder Capital's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=10.972/131.7762*131.7762
=10.972

Current CPI (Mar. 2024) = 131.7762.

Ladder Capital Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.918 100.560 14.307
201409 11.657 100.428 15.296
201412 12.385 99.070 16.474
201503 14.009 99.621 18.531
201506 13.562 100.684 17.750
201509 13.426 100.392 17.623
201512 13.771 99.792 18.185
201603 12.048 100.470 15.802
201606 11.996 101.688 15.545
201609 12.107 101.861 15.663
201612 12.864 101.863 16.642
201703 12.380 102.862 15.860
201706 11.655 103.349 14.861
201709 10.963 104.136 13.873
201712 11.144 104.011 14.119
201803 10.841 105.290 13.568
201806 11.497 106.317 14.250
201809 11.844 106.507 14.654
201812 12.221 105.998 15.193
201903 12.028 107.251 14.779
201906 12.066 108.070 14.713
201909 12.312 108.329 14.977
201912 12.208 108.420 14.838
202003 11.137 108.902 13.476
202006 11.044 108.767 13.380
202009 10.705 109.815 12.846
202012 10.037 109.897 12.035
202103 10.143 111.754 11.960
202106 9.957 114.631 11.446
202109 10.182 115.734 11.593
202112 10.632 117.630 11.911
202203 10.725 121.301 11.651
202206 11.205 125.017 11.811
202209 11.986 125.227 12.613
202212 11.442 125.222 12.041
202303 11.250 127.348 11.641
202306 11.141 128.729 11.405
202309 11.362 129.860 11.530
202312 11.078 129.419 11.280
202403 10.972 131.776 10.972

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.


Ladder Capital  (FRA:LD1A) 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.


Ladder Capital Cyclically Adjusted PB Ratio Related Terms

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


Ladder Capital (FRA:LD1A) Business Description

Industry
Traded in Other Exchanges
Address
320 Park Avenue, 15th Floor, New York, NY, USA, 10154
Ladder Capital Corp is an internally-managed real estate investment trust that is in commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The company's investment activities include: (i) Primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment-grade securities secured by first mortgage loans on commercial real estate.

Ladder Capital (FRA:LD1A) Headlines

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