JOE (The St. Joe Co) Cyclically Adjusted PB Ratio: 5.25 (As of Aug. 04, 2026) — 38% Above Median

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JOE The St. Joe Co JOE
91 GF Score
Price $64.00
GF Value $74.50
Valuation Modestly Undervalued
! 4 Warning Signs
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What is The St. Joe Co Cyclically Adjusted PB Ratio?

The St. Joe Co JOE +2.83% 91 Cyclically Adjusted PB Ratio is 5.25 as of Aug. 04, 2026, which is 38% above its 10-year median of 3.81. GuruFocus rates JOE with a GF Score™ of 91/100 and a GF Value™ of $74.50 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,414 Real Estate companies, The St. Joe Co ranks worse than 95.83% on this metric.

As of today (2026-08-04), The St. Joe Co's current share price is $64.00. The St. Joe Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.19. The St. Joe Co's Cyclically Adjusted PB Ratio for today is 5.25.

The historical rank and industry rank for The St. Joe Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

JOE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 3.81   Max: 6.2
Current: 5.11

During the past years, The St. Joe Co's highest Cyclically Adjusted PB Ratio was 6.20. The lowest was 1.40. And the median was 3.81.

JOE's Cyclically Adjusted PB Ratio is ranked worse than
95.83% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs JOE: 5.11

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.

The St. Joe Co's adjusted book value per share data for the three months ended in Jun. 2026 was $13.413. 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 $12.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The St. Joe Co  (NYSE:JOE) 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.


The St. Joe Co Cyclically Adjusted PB Ratio Related Terms


The St. Joe Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The St. Joe Co'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.

The St. Joe Co Cyclically Adjusted PB Ratio Chart

The St. Joe Co 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 5.36 3.63 5.30 3.91 5.04

The St. Joe Co 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 4.09 4.20 5.04 5.22 5.14

JOE vs STRS: Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Diversified subindustry, The St. Joe Co'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.


The St. Joe Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, The St. Joe Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The St. Joe Co's Cyclically Adjusted PB Ratio falls into.


JOE
91GF Score
The St. Joe Co JOE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The St. Joe Co 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.

The St. Joe Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.00/12.19
=5.25

* 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.

The St. Joe Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, The St. Joe Co'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)
=13.413/333.9520*333.9520
=13.413

Current CPI (Jun. 2026) = 333.9520.

The St. Joe Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.950 241.428 12.380
201612 9.003 241.432 12.453
201703 8.856 243.801 12.131
201706 8.906 244.955 12.142
201709 8.277 246.819 11.199
201712 8.764 246.524 11.872
201803 8.697 249.554 11.638
201806 8.630 251.989 11.437
201809 8.548 252.439 11.308
201812 8.541 251.233 11.353
201903 8.533 254.202 11.210
201906 8.686 256.143 11.325
201909 8.612 256.759 11.201
201912 8.744 256.974 11.363
202003 8.653 258.115 11.195
202006 8.952 257.797 11.596
202009 9.084 260.280 11.655
202012 9.351 260.474 11.989
202103 9.330 264.877 11.763
202106 9.661 271.696 11.875
202109 9.845 274.310 11.986
202112 10.316 278.802 12.357
202203 10.462 287.504 12.152
202206 10.653 296.311 12.006
202209 10.547 296.808 11.867
202212 10.813 296.797 12.167
202303 10.881 301.836 12.039
202306 11.387 305.109 12.463
202309 11.605 307.789 12.591
202312 11.702 306.746 12.740
202403 11.822 312.332 12.640
202406 12.126 314.175 12.889
202409 12.268 315.301 12.994
202412 12.418 315.605 13.140
202503 12.501 319.799 13.054
202506 12.740 322.561 13.190
202509 13.159 324.800 13.530
202512 13.316 324.054 13.723
202603 13.321 330.213 13.472
202606 13.413 333.952 13.413

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 5.25 mean?
The St. Joe Co (JOE) has a Cyclically Adjusted PB Ratio of 5.25 as of Aug. 04, 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 The St. Joe Co and its competitors. This is 38% above median its historical median of 3.81. Over the past decade, The St. Joe Co's Cyclically Adjusted PB Ratio has ranged from 1.40 to 6.20. According to the industry distribution chart, The St. Joe Co ranks #1355 out of 1414 companies in the Real Estate industry, placing it in the top 95.8%.
Is The St. Joe Co's Cyclically Adjusted PB Ratio too high?
The St. Joe Co's current Cyclically Adjusted PB Ratio of 5.25 is 38% above median its 10-year median of 3.81. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 6.20. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. The St. Joe Co's value of 5.25 is 660.9% above this industry median. Based on the distribution chart, The St. Joe Co ranks #1355 out of 1414 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, The St. Joe Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The St. Joe Co's Cyclically Adjusted PB Ratio compare to STRS?
According to the Real Estate industry distribution chart, The St. Joe Co ranks #1355 out of 1414 companies for Cyclically Adjusted PB Ratio. This places The St. Joe Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. The St. Joe Co's value of 5.25 is 660.9% above this benchmark. Historically, The St. Joe Co's own Cyclically Adjusted PB Ratio has ranged from 1.40 to 6.20 over the past decade. While the company's 10-year median is 3.81 vs. the industry median of 0.69, The St. Joe Co 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,414 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. The St. Joe Co's current Cyclically Adjusted PB Ratio of 5.25 is 660.9% 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 The St. Joe Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The St. Joe Co's current Cyclically Adjusted PB Ratio is 5.25, which is 38% above median its own 10-year median of 3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The St. Joe Co stock overvalued right now?
Based on GuruFocus' analysis, The St. Joe Co (JOE) is currently considered Modestly Undervalued. The stock's GF Value™ is $74.50, compared to a current price of $64.00 — trading 14.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.25, which is 38% above median its 10-year median of 3.81 and 660.9% above the Real Estate industry median of 0.69. The St. Joe Co's overall GF Score™ is 91/100 with 4 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 The St. Joe Co (JOE), the current Cyclically Adjusted PB Ratio is 5.25 as of Aug. 04, 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 The St. Joe Co (JOE) Overvalued in 2026?

Based on GuruFocus' analysis, The St. Joe Co stock appears to be undervalued. The current stock price of $64.00 is trading 14.1% below its estimated GF Value™ of $74.50. GuruFocus considers The St. Joe Co to be Modestly Undervalued.

Key valuation signals for JOE:

  • Cyclically Adjusted PB Ratio: 5.25 (38% above median its 10-year median of 3.81)
  • GF Value™: $74.50 vs. price of $64.00 (14.1% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 660.9% above the Real Estate median (#1355 of 1414)

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


The St. Joe Co Business Description

Other Exchanges JOE:Germany
Address 130 Richard Jackson Boulevard, Suite 200, Panama City Beach, FL, USA, 32407
The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment that derives maximum revenue, features a private membership club, hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
91GF Score

Get the complete analysis for JOE

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

$64.00
Price
$74.50
GF Value