GRBK (Green Brick Partners) Cyclically Adjusted PB Ratio: 3.19 (As of Aug. 21, 2026) — 36% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GRBK Green Brick Partners Inc GRBK
89 GF Score
Price $70.87
GF Value $63.66
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Green Brick Partners Cyclically Adjusted PB Ratio?

Green Brick Partners GRBK -0.67% 89 Cyclically Adjusted PB Ratio is 3.19 as of Aug. 21, 2026, which is 36% above its 10-year median of 2.34. GuruFocus rates GRBK with a GF Score™ of 89/100 and a GF Value™ of $63.66 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 71 Homebuilding & Construction companies, Green Brick Partners ranks worse than 84.51% on this metric.

As of today (2026-08-21), Green Brick Partners's current share price is $70.87. Green Brick Partners's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $22.21. Green Brick Partners's Cyclically Adjusted PB Ratio for today is 3.19.

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

GRBK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 2.34   Max: 5.59
Current: 3.19

During the past years, Green Brick Partners's highest Cyclically Adjusted PB Ratio was 5.59. The lowest was 0.35. And the median was 2.34.

GRBK's Cyclically Adjusted PB Ratio is ranked worse than
84.51% of 71 companies
in the Homebuilding & Construction industry
Industry Median: 1.12 vs GRBK: 3.19

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.

Green Brick Partners's adjusted book value per share data for the three months ended in Jun. 2026 was $44.823. 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 $22.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Green Brick Partners  (NYSE:GRBK) 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.


Green Brick Partners Cyclically Adjusted PB Ratio Related Terms


Green Brick Partners Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Green Brick Partners'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.

Green Brick Partners Cyclically Adjusted PB Ratio Chart

Green Brick Partners 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 3.22 2.23 3.95 3.44 3.15

Green Brick Partners 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 3.44 3.85 3.15 3.05 3.60

GRBK vs KBH, MHO, CVCO: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Green Brick Partners'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.


Green Brick Partners Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

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

* The bar in red indicates where Green Brick Partners's Cyclically Adjusted PB Ratio falls into.


GRBK
89GF Score
Green Brick Partners Inc GRBK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Green Brick Partners 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.

Green Brick Partners's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.87/22.21
=3.19

* 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.

Green Brick Partners's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Green Brick Partners'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)
=44.823/333.9520*333.9520
=44.823

Current CPI (Jun. 2026) = 333.9520.

Green Brick Partners Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.695 241.428 10.644
201612 7.855 241.432 10.865
201703 7.991 243.801 10.946
201706 8.144 244.955 11.103
201709 8.386 246.819 11.346
201712 8.228 246.524 11.146
201803 8.452 249.554 11.310
201806 8.741 251.989 11.584
201809 8.984 252.439 11.885
201812 9.259 251.233 12.308
201903 9.489 254.202 12.466
201906 9.734 256.143 12.691
201909 10.076 256.759 13.105
201912 10.362 256.974 13.466
202003 10.727 258.115 13.879
202006 11.365 257.797 14.722
202009 12.042 260.280 15.450
202012 12.638 260.474 16.203
202103 13.130 264.877 16.554
202106 14.133 271.696 17.371
202109 15.106 274.310 18.390
202112 16.289 278.802 19.511
202203 17.408 287.504 20.220
202206 19.360 296.311 21.819
202209 20.886 296.808 23.500
202212 22.032 296.797 24.790
202303 23.314 301.836 25.795
202306 24.822 305.109 27.169
202309 26.392 307.789 28.635
202312 27.844 306.746 30.314
202403 29.666 312.332 31.720
202406 31.207 314.175 33.171
202409 33.106 315.301 35.064
202412 35.458 315.605 37.519
202503 37.086 319.799 38.727
202506 38.512 322.561 39.872
202509 40.320 324.800 41.456
202512 41.924 324.054 43.205
202603 43.312 330.213 43.802
202606 44.823 333.952 44.823

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 3.19 mean?
Green Brick Partners (GRBK) has a Cyclically Adjusted PB Ratio of 3.19 as of Aug. 21, 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 Green Brick Partners and its competitors. This is 36% above median its historical median of 2.34. Over the past decade, Green Brick Partners' Cyclically Adjusted PB Ratio has ranged from 0.35 to 5.59. According to the industry distribution chart, Green Brick Partners ranks #60 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 84.5%.
Is Green Brick Partners' Cyclically Adjusted PB Ratio too high?
Green Brick Partners' current Cyclically Adjusted PB Ratio of 3.19 is 36% above median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 5.59. The Homebuilding & Construction industry median Cyclically Adjusted PB Ratio is 1.12. Green Brick Partners' value of 3.19 is 184.8% above this industry median. Based on the distribution chart, Green Brick Partners ranks #60 out of 71 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Green Brick Partners has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Green Brick Partners' Cyclically Adjusted PB Ratio compare to KBH and MHO?
According to the Homebuilding & Construction industry distribution chart, Green Brick Partners ranks #60 out of 71 companies for Cyclically Adjusted PB Ratio. This places Green Brick Partners in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.12. Green Brick Partners' value of 3.19 is 184.8% above this benchmark. Historically, Green Brick Partners' own Cyclically Adjusted PB Ratio has ranged from 0.35 to 5.59 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 1.12, Green Brick Partners has consistently been above 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 1.12, based on 71 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. Green Brick Partners's current Cyclically Adjusted PB Ratio of 3.19 is 184.8% above 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 Green Brick Partners and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Brick Partners's current Cyclically Adjusted PB Ratio is 3.19, which is 36% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Brick Partners stock overvalued right now?
Based on GuruFocus' analysis, Green Brick Partners (GRBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $63.66, compared to a current price of $70.87 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.19, which is 36% above median its 10-year median of 2.34 and 184.8% above the Homebuilding & Construction industry median of 1.12. Green Brick Partners' overall GF Score™ is 89/100 with 2 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 Green Brick Partners (GRBK), the current Cyclically Adjusted PB Ratio is 3.19 as of Aug. 21, 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 Green Brick Partners (GRBK) Overvalued in 2026?

Based on GuruFocus' analysis, Green Brick Partners stock appears to be overvalued. The current stock price of $70.87 is trading 11.3% above its estimated GF Value™ of $63.66. GuruFocus considers Green Brick Partners to be Modestly Overvalued.

Key valuation signals for GRBK:

  • Cyclically Adjusted PB Ratio: 3.19 (36% above median its 10-year median of 2.34)
  • GF Value™: $63.66 vs. price of $70.87 (11.3% above fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 184.8% above the Homebuilding & Construction median (#60 of 71)

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


Green Brick Partners Business Description

Other Exchanges 2G1:Germany
Address 5501 Headquarters Drive, Suite 300 W, Plano, TX, USA, 75024
Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of the company's revenue is generated from the builder operations central segment, which is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgages and title.
89GF Score

Get the complete analysis for GRBK

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

$70.87
Price
$63.66
GF Value