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HHH (Howard Hughes Holdings) Cyclically Adjusted PB Ratio : 0.86 (As of May. 28, 2025)


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What is Howard Hughes Holdings Cyclically Adjusted PB Ratio?

As of today (2025-05-28), Howard Hughes Holdings's current share price is $68.10. Howard Hughes Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $79.07. Howard Hughes Holdings's Cyclically Adjusted PB Ratio for today is 0.86.

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

HHH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.97   Max: 1.94
Current: 0.86

During the past years, Howard Hughes Holdings's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 0.58. And the median was 0.97.

HHH's Cyclically Adjusted PB Ratio is ranked worse than
59.55% of 1320 companies
in the Real Estate industry
Industry Median: 0.68 vs HHH: 0.86

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.

Howard Hughes Holdings's adjusted book value per share data for the three months ended in Mar. 2025 was $55.324. 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 $79.07 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Howard Hughes Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Howard Hughes Holdings'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.

Howard Hughes Holdings Cyclically Adjusted PB Ratio Chart

Howard Hughes Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 1.34 0.96 1.05 0.98

Howard Hughes Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.88 0.78 0.98 0.98 0.94

Competitive Comparison of Howard Hughes Holdings's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Howard Hughes Holdings'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.


Howard Hughes Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Howard Hughes Holdings's Cyclically Adjusted PB Ratio falls into.


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Howard Hughes Holdings 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.

Howard Hughes Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.10/79.07
=0.86

* 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.

Howard Hughes Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Howard Hughes Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=55.324/134.9266*134.9266
=55.324

Current CPI (Mar. 2025) = 134.9266.

Howard Hughes Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 54.721 100.684 73.332
201509 58.712 100.392 78.909
201512 59.426 99.792 80.348
201603 62.693 100.470 84.193
201606 62.746 101.688 83.256
201609 63.006 101.861 83.459
201612 64.532 101.863 85.479
201703 64.833 102.862 85.043
201706 68.627 103.349 89.595
201709 70.049 104.136 90.761
201712 73.559 104.011 95.423
201803 71.499 105.290 91.625
201806 71.455 106.317 90.684
201809 72.161 106.507 91.416
201812 72.856 105.998 92.740
201903 73.261 107.251 92.166
201906 73.333 108.070 91.557
201909 73.822 108.329 91.947
201912 73.924 108.420 91.997
202003 65.303 108.902 80.909
202006 64.714 108.767 80.278
202009 67.610 109.815 83.071
202012 67.573 109.897 82.963
202103 66.430 111.754 80.204
202106 66.603 114.631 78.395
202109 66.806 115.734 77.884
202112 68.620 117.630 78.710
202203 67.762 121.301 75.374
202206 67.513 125.017 72.865
202209 69.856 125.227 75.267
202212 71.092 125.222 76.602
202303 70.341 127.348 74.527
202306 69.929 128.729 73.296
202309 59.142 129.860 61.450
202312 59.812 129.419 62.357
202403 58.646 131.776 60.048
202406 59.132 132.554 60.191
202409 52.150 133.029 52.894
202412 55.396 133.157 56.132
202503 55.324 134.927 55.324

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.


Howard Hughes Holdings  (NYSE:HHH) 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.


Howard Hughes Holdings Cyclically Adjusted PB Ratio Related Terms

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


Howard Hughes Holdings Business Description

Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. It operates through four business segments: Operating Assets, MPCs, Strategic Developments and Seaport.
Executives
Elena Verbinskaya officer: Chief Accounting Officer C/O IPSCO TUBULARS INC., 10120 HOUSTON OAKS DRIVE, HOUSTON TX 77064
Anthony Williams director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
Douglas Johnstone officer: Regional President, Hawaii ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FOOR, DALLAS TX 75240
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Zachary Winick officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Kristi Smith officer: President, Columbia 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
William A Ackman director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Ps Management Gp, Llc director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Frank Stephan officer: PRESIDENT, NEVADA 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Eun director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Michael Striph officer: EVP, Head of Operations ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FLOOR, DALLAS TX 75240
Andrew Schwartz officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Carlos A. Olea officer: CHIEF FINANCIAL OFFICER 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
Heath Melton officer: PRESIDENT, PHOENIX REGION 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
L Jay Cross officer: President 233 SOUTH WACKER DRIVE, SUITE 4600, CHICAGO IL 60606