GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Redwood Trust Inc (FRA:R2V) » Definitions » Cyclically Adjusted PB Ratio

Redwood Trust (FRA:R2V) Cyclically Adjusted PB Ratio : 0.47 (As of Nov. 10, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Redwood Trust Cyclically Adjusted PB Ratio?

As of today (2024-11-10), Redwood Trust's current share price is €6.758. Redwood Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €14.34. Redwood Trust's Cyclically Adjusted PB Ratio for today is 0.47.

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

FRA:R2V' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.8   Max: 1.29
Current: 0.47

During the past years, Redwood Trust's highest Cyclically Adjusted PB Ratio was 1.29. The lowest was 0.16. And the median was 0.80.

FRA:R2V's Cyclically Adjusted PB Ratio is ranked better than
75.34% of 511 companies
in the REITs industry
Industry Median: 0.83 vs FRA:R2V: 0.47

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.

Redwood Trust's adjusted book value per share data for the three months ended in Jun. 2024 was €8.107. 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 €14.34 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Redwood Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Redwood Trust'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.

Redwood Trust Cyclically Adjusted PB Ratio Chart

Redwood Trust 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 1.05 0.58 0.83 0.41 0.47

Redwood Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.44 0.47 0.40 0.41 -

Competitive Comparison of Redwood Trust's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Redwood Trust'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.


Redwood Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Redwood Trust 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.

Redwood Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.758/14.34
=0.47

* 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.

Redwood Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Redwood Trust's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=8.107/132.5538*132.5538
=8.107

Current CPI (Jun. 2024) = 132.5538.

Redwood Trust Quarterly Data

Book Value per Share CPI Adj_Book
201409 11.802 100.428 15.577
201412 12.209 99.070 16.335
201503 13.871 99.621 18.456
201506 13.328 100.684 17.547
201509 13.091 100.392 17.285
201512 13.463 99.792 17.883
201603 12.724 100.470 16.787
201606 12.639 101.688 16.475
201609 13.131 101.861 17.088
201612 14.182 101.863 18.455
201703 14.149 102.862 18.233
201706 13.612 103.349 17.459
201709 13.149 104.136 16.737
201712 13.373 104.011 17.043
201803 13.070 105.290 16.454
201806 13.889 106.317 17.317
201809 14.068 106.507 17.508
201812 13.967 105.998 17.466
201903 14.161 107.251 17.502
201906 14.165 108.070 17.374
201909 14.459 108.329 17.692
201912 14.381 108.420 17.582
202003 5.715 108.902 6.956
202006 7.236 108.767 8.818
202009 7.992 109.815 9.647
202012 8.147 109.897 9.827
202103 9.036 111.754 10.718
202106 9.509 114.631 10.996
202109 10.199 115.734 11.681
202112 10.677 117.630 12.032
202203 10.910 121.301 11.922
202206 10.194 125.017 10.809
202209 10.285 125.227 10.887
202212 9.017 125.222 9.545
202303 8.783 127.348 9.142
202306 8.546 128.729 8.800
202309 8.214 129.860 8.384
202312 7.921 129.419 8.113
202403 8.072 131.776 8.120
202406 8.107 132.554 8.107

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.


Redwood Trust  (FRA:R2V) 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.


Redwood Trust Cyclically Adjusted PB Ratio Related Terms

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


Redwood Trust Business Description

Industry
Traded in Other Exchanges
Address
One Belvedere Place, Suite 300, Mill Valley, CA, USA, 94941
Redwood Trust Inc is a real estate investment trust focused on different areas of housing credit. The company operates in three segments: the Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio, Residential Investor Mortgage Banking segment consists of a platform that originates and acquires business purpose lending loans for subsequent securitization, sale, or transfers into its investment portfolio, and Investment Portfolio segment consists of organic investments sourced through residential and business-purpose mortgage banking operations.

Redwood Trust Headlines

No Headlines