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Stella-Jones (Stella-Jones) Cyclically Adjusted PB Ratio : 3.71 (As of Apr. 30, 2024)


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What is Stella-Jones Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Stella-Jones's current share price is $58.60. Stella-Jones's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.78. Stella-Jones's Cyclically Adjusted PB Ratio for today is 3.71.

The historical rank and industry rank for Stella-Jones's Cyclically Adjusted PB Ratio or its related term are showing as below:

STLJF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 4.46   Max: 9.67
Current: 3.9

During the past years, Stella-Jones's highest Cyclically Adjusted PB Ratio was 9.67. The lowest was 1.86. And the median was 4.46.

STLJF's Cyclically Adjusted PB Ratio is ranked worse than
93.49% of 215 companies
in the Forest Products industry
Industry Median: 0.84 vs STLJF: 3.90

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.

Stella-Jones's adjusted book value per share data for the three months ended in Dec. 2023 was $21.654. 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 $15.78 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stella-Jones Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Stella-Jones'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.

Stella-Jones Cyclically Adjusted PB Ratio Chart

Stella-Jones 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 3.20 3.46 2.55 2.63 3.68

Stella-Jones Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.63 2.70 3.44 3.19 3.68

Competitive Comparison of Stella-Jones's Cyclically Adjusted PB Ratio

For the Lumber & Wood Production subindustry, Stella-Jones'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.


Stella-Jones's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Stella-Jones's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Stella-Jones's Cyclically Adjusted PB Ratio falls into.



Stella-Jones 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.

Stella-Jones's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=58.60/15.78
=3.71

* 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.

Stella-Jones's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Stella-Jones's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=21.654/125.4675*125.4675
=21.654

Current CPI (Dec. 2023) = 125.4675.

Stella-Jones Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.915 98.604 10.071
201406 8.224 99.473 10.373
201409 8.691 99.394 10.971
201412 8.706 98.367 11.105
201503 8.766 99.789 11.022
201506 9.261 100.500 11.562
201509 9.398 100.421 11.742
201512 9.635 99.947 12.095
201603 9.802 101.054 12.170
201606 10.508 102.002 12.925
201609 10.896 101.765 13.434
201612 11.103 101.449 13.732
201703 11.171 102.634 13.656
201706 11.473 103.029 13.972
201709 13.066 103.345 15.863
201712 12.599 103.345 15.296
201803 12.882 105.004 15.392
201806 13.339 105.557 15.855
201809 13.697 105.636 16.268
201812 13.768 105.399 16.389
201903 13.785 106.979 16.167
201906 14.125 107.690 16.457
201909 14.597 107.611 17.019
201912 14.497 107.769 16.878
202003 14.693 107.927 17.081
202006 15.329 108.401 17.742
202009 16.169 108.164 18.756
202012 16.195 108.559 18.717
202103 16.681 110.298 18.975
202106 18.175 111.720 20.412
202109 18.003 112.905 20.006
202112 17.739 113.774 19.562
202203 18.130 117.646 19.335
202206 19.237 120.806 19.979
202209 19.838 120.648 20.630
202212 19.388 120.964 20.110
202303 19.584 122.702 20.025
202306 20.754 124.203 20.965
202309 21.701 125.230 21.742
202312 21.654 125.468 21.654

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.


Stella-Jones  (OTCPK:STLJF) 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.


Stella-Jones Cyclically Adjusted PB Ratio Related Terms

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


Stella-Jones (Stella-Jones) Business Description

Traded in Other Exchanges
Address
3100 de la Cote-Vertu Boulevard, Suite 300, Saint-Laurent, QC, CAN, H4R 2J8
Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, of which the majority of its revenue is derived from the United States.

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