Walker & Dunlop (LTS:0A8P) Cyclically Adjusted PB Ratio: 0.89 (As of Aug. 14, 2026) — 68% Below Median

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LTS:0A8P Walker & Dunlop Inc LTS:0A8P
58 GF Score
Price $41.99
GF Value $92.94
Valuation Possible Value Trap
! 10 Warning Signs
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What is Walker & Dunlop Cyclically Adjusted PB Ratio?

Walker & Dunlop LTS:0A8P -0.66% 58 Cyclically Adjusted PB Ratio is 0.89 as of Aug. 14, 2026, which is 68% below its 10-year median of 2.76. GuruFocus rates LTS:0A8P with a GF Score™ of 58/100 and a GF Value™ of $92.94 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,286 Banks companies, Walker & Dunlop ranks better than 70.45% on this metric.

As of today (2026-08-14), Walker & Dunlop's current share price is $41.99. Walker & Dunlop's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $47.09. Walker & Dunlop's Cyclically Adjusted PB Ratio for today is 0.89.

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

LTS:0A8P' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 2.76   Max: 6.21
Current: 0.9

During the past years, Walker & Dunlop's highest Cyclically Adjusted PB Ratio was 6.21. The lowest was 0.90. And the median was 2.76.

LTS:0A8P's Cyclically Adjusted PB Ratio is ranked better than
70.45% of 1286 companies
in the Banks industry
Industry Median: 1.29 vs LTS:0A8P: 0.90

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.

Walker & Dunlop's adjusted book value per share data for the three months ended in Jun. 2026 was $51.338. 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 $47.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Walker & Dunlop  (LTS:0A8P) 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.


Walker & Dunlop Cyclically Adjusted PB Ratio Related Terms


Walker & Dunlop Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Walker & Dunlop'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.

Walker & Dunlop Cyclically Adjusted PB Ratio Chart

Walker & Dunlop 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 5.85 2.50 3.07 2.39 1.34

Walker & Dunlop 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 1.63 1.89 1.34 0.95 1.15

LTS:0A8P vs VEL, UWMC, LDI: Cyclically Adjusted PB Ratio Comparison

For the Mortgage Finance subindustry, Walker & Dunlop'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.


Walker & Dunlop Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Walker & Dunlop's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Walker & Dunlop's Cyclically Adjusted PB Ratio falls into.


LTS:0A8P
58GF Score
Walker & Dunlop Inc LTS:0A8P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Walker & Dunlop 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.

Walker & Dunlop's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.99/47.09
=0.89

* 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.

Walker & Dunlop's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Walker & Dunlop'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)
=51.338/333.9520*333.9520
=51.338

Current CPI (Jun. 2026) = 333.9520.

Walker & Dunlop Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.341 241.428 26.753
201612 20.650 241.432 28.563
201703 21.381 243.801 29.287
201706 22.628 244.955 30.849
201709 23.752 246.819 32.137
201712 26.966 246.524 36.529
201803 27.427 249.554 36.703
201806 28.572 251.989 37.865
201809 29.643 252.439 39.215
201812 30.584 251.233 40.654
201903 30.800 254.202 40.463
201906 32.018 256.143 41.744
201909 33.241 256.759 43.235
201912 34.483 256.974 44.813
202003 34.166 258.115 44.204
202006 35.910 257.797 46.518
202009 36.419 260.280 46.727
202012 38.993 260.474 49.993
202103 40.195 264.877 50.677
202106 41.680 271.696 51.230
202109 43.762 274.310 53.277
202112 48.368 278.802 57.936
202203 49.210 287.504 57.160
202206 50.538 296.311 56.958
202209 51.414 296.808 57.848
202212 52.149 296.797 58.677
202303 51.566 301.836 57.053
202306 51.933 305.109 56.842
202309 52.051 307.789 56.475
202312 52.435 306.746 57.086
202403 51.831 312.332 55.419
202406 51.209 314.175 54.433
202409 51.518 315.301 54.565
202412 52.656 315.605 55.717
202503 51.949 319.799 54.248
202506 52.449 322.561 54.301
202509 52.885 324.800 54.375
202512 51.933 324.054 53.519
202603 51.759 330.213 52.345
202606 51.338 333.952 51.338

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 0.89 mean?
Walker & Dunlop (LTS:0A8P) has a Cyclically Adjusted PB Ratio of 0.89 as of Aug. 14, 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 Walker & Dunlop and its competitors. This is 68% below median its historical median of 2.76. Over the past decade, Walker & Dunlop's Cyclically Adjusted PB Ratio has ranged from 0.90 to 6.21. According to the industry distribution chart, Walker & Dunlop ranks #380 out of 1286 companies in the Banks industry, placing it in the top 29.5%.
Is Walker & Dunlop's Cyclically Adjusted PB Ratio too high?
Walker & Dunlop's current Cyclically Adjusted PB Ratio of 0.89 is 68% below median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 6.21. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Walker & Dunlop's value of 0.89 is 31% below this industry median. Based on the distribution chart, Walker & Dunlop ranks #380 out of 1286 companies in the Banks industry, which is above the industry midpoint. Overall, Walker & Dunlop has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Walker & Dunlop's Cyclically Adjusted PB Ratio compare to VEL and UWMC?
According to the Banks industry distribution chart, Walker & Dunlop ranks #380 out of 1286 companies for Cyclically Adjusted PB Ratio. This puts Walker & Dunlop in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Walker & Dunlop's value of 0.89 is 31% below this benchmark. Historically, Walker & Dunlop's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 6.21 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 1.29, Walker & Dunlop has consistently been below 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,286 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. Walker & Dunlop's current Cyclically Adjusted PB Ratio of 0.89 is 31% below 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 Walker & Dunlop and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walker & Dunlop's current Cyclically Adjusted PB Ratio is 0.89, which is 68% below median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walker & Dunlop stock overvalued right now?
Based on GuruFocus' analysis, Walker & Dunlop (LTS:0A8P) is currently considered Possible Value Trap. The stock's GF Value™ is $92.94, compared to a current price of $41.99 — trading 54.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.89, which is 68% below median its 10-year median of 2.76 and 31% below the Banks industry median of 1.29. Walker & Dunlop's overall GF Score™ is 58/100 with 10 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 Walker & Dunlop (LTS:0A8P), the current Cyclically Adjusted PB Ratio is 0.89 as of Aug. 14, 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 Walker & Dunlop (LTS:0A8P) Overvalued in 2026?

Based on GuruFocus' analysis, Walker & Dunlop stock appears to be undervalued. The current stock price of $41.99 is trading 54.8% below its estimated GF Value™ of $92.94. GuruFocus considers Walker & Dunlop to be Possible Value Trap.

Key valuation signals for LTS:0A8P:

  • Cyclically Adjusted PB Ratio: 0.89 (68% below median its 10-year median of 2.76)
  • GF Value™: $92.94 vs. price of $41.99 (54.8% below fair value)
  • GF Score™: 58/100 with 10 warning signs
  • Industry Position: 31% below the Banks median (#380 of 1286)

No single metric tells the full story. See the LTS:0A8P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walker & Dunlop Business Description

Other Exchanges WD:USA5WD:Germany
Address 7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, USA, 20814
Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company is managed based on three reportable segments: Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. The company generates a majority of its total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
58GF Score

Get the complete analysis for LTS:0A8P

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

$41.99
Price
$92.94
GF Value