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Taylor Morrison Home (FRA:THM) Cyclically Adjusted PB Ratio : 2.41 (As of May. 21, 2024)


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What is Taylor Morrison Home Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Taylor Morrison Home's current share price is €55.00. Taylor Morrison Home's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €22.85. Taylor Morrison Home's Cyclically Adjusted PB Ratio for today is 2.41.

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

FRA:THM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.99   Max: 2.66
Current: 2.41

During the past years, Taylor Morrison Home's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 1.29. And the median was 1.99.

FRA:THM's Cyclically Adjusted PB Ratio is ranked worse than
70.13% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.32 vs FRA:THM: 2.41

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.

Taylor Morrison Home's adjusted book value per share data for the three months ended in Mar. 2024 was €46.912. 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 €22.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taylor Morrison Home Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Taylor Morrison Home'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.

Taylor Morrison Home Cyclically Adjusted PB Ratio Chart

Taylor Morrison Home 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 - - 2.31 1.62 2.29

Taylor Morrison Home 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 1.92 2.31 1.91 2.29 2.49

Competitive Comparison of Taylor Morrison Home's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Taylor Morrison Home'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.


Taylor Morrison Home's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

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

* The bar in red indicates where Taylor Morrison Home's Cyclically Adjusted PB Ratio falls into.



Taylor Morrison Home 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.

Taylor Morrison Home's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.00/22.85
=2.41

* 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.

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

For example, Taylor Morrison Home'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)
=46.912/131.7762*131.7762
=46.912

Current CPI (Mar. 2024) = 131.7762.

Taylor Morrison Home Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.660 100.560 3.486
201409 2.888 100.428 3.789
201412 3.173 99.070 4.221
201503 3.765 99.621 4.980
201506 3.672 100.684 4.806
201509 3.765 100.392 4.942
201512 3.934 99.792 5.195
201603 3.877 100.470 5.085
201606 3.834 101.688 4.968
201609 3.934 101.861 5.089
201612 4.380 101.863 5.666
201703 7.450 102.862 9.544
201706 9.993 103.349 12.742
201709 9.642 104.136 12.201
201712 11.279 104.011 14.290
201803 15.725 105.290 19.681
201806 17.060 106.317 21.145
201809 17.812 106.507 22.038
201812 18.793 105.998 23.363
201903 19.399 107.251 23.835
201906 20.182 108.070 24.609
201909 21.280 108.329 25.886
201912 21.577 108.420 26.225
202003 22.967 108.902 27.791
202006 22.594 108.767 27.374
202009 22.354 109.815 26.824
202012 22.249 109.897 26.679
202103 23.304 111.754 27.479
202106 23.728 114.631 27.277
202109 25.499 115.734 29.033
202112 28.517 117.630 31.947
202203 30.553 121.301 33.191
202206 34.751 125.017 36.630
202209 40.454 125.227 42.570
202212 40.474 125.222 42.593
202303 41.373 127.348 42.812
202306 42.828 128.729 43.842
202309 44.987 129.860 45.651
202312 45.584 129.419 46.414
202403 46.912 131.776 46.912

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.


Taylor Morrison Home  (FRA:THM) 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.


Taylor Morrison Home Cyclically Adjusted PB Ratio Related Terms

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


Taylor Morrison Home (FRA:THM) Business Description

Traded in Other Exchanges
Address
4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251
Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.