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TopBuild (STU:28T) Cyclically Adjusted PB Ratio : 9.10 (As of May. 26, 2024)


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What is TopBuild Cyclically Adjusted PB Ratio?

As of today (2024-05-26), TopBuild's current share price is €376.00. TopBuild's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €41.34. TopBuild's Cyclically Adjusted PB Ratio for today is 9.10.

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

STU:28T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.11   Med: 7.75   Max: 10.03
Current: 8.95

During the past years, TopBuild's highest Cyclically Adjusted PB Ratio was 10.03. The lowest was 5.11. And the median was 7.75.

STU:28T's Cyclically Adjusted PB Ratio is ranked worse than
96.22% of 1216 companies
in the Construction industry
Industry Median: 1.12 vs STU:28T: 8.95

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.

TopBuild's adjusted book value per share data for the three months ended in Mar. 2024 was €78.417. 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 €41.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TopBuild Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TopBuild'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.

TopBuild Cyclically Adjusted PB Ratio Chart

TopBuild 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 - - - - 8.52

TopBuild Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 6.40 5.88 8.52 9.63

Competitive Comparison of TopBuild's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, TopBuild'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.


TopBuild's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, TopBuild's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TopBuild 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.

TopBuild's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=376.00/41.34
=9.10

* 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.

TopBuild's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, TopBuild's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=78.417/131.7762*131.7762
=78.417

Current CPI (Mar. 2024) = 131.7762.

TopBuild Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 20.271 99.070 26.963
201503 18.753 99.621 24.806
201506 19.566 100.684 25.608
201509 20.145 100.392 26.443
201512 22.309 99.792 29.459
201603 21.602 100.470 28.333
201606 21.804 101.688 28.256
201609 22.397 101.861 28.975
201612 24.381 101.863 31.541
201703 23.782 102.862 30.467
201706 23.014 103.349 29.344
201709 20.973 104.136 26.540
201712 23.662 104.011 29.978
201803 23.225 105.290 29.067
201806 25.237 106.317 31.280
201809 26.223 106.507 32.445
201812 27.257 105.998 33.886
201903 28.361 107.251 34.847
201906 29.461 108.070 35.924
201909 31.162 108.329 37.907
201912 30.983 108.420 37.657
202003 32.039 108.902 38.769
202006 32.665 108.767 39.575
202009 32.918 109.815 39.501
202012 33.578 109.897 40.263
202103 35.478 111.754 41.834
202106 37.111 114.631 42.661
202109 40.317 115.734 45.905
202112 43.983 117.630 49.273
202203 47.018 121.301 51.078
202206 50.914 125.017 53.667
202209 57.947 125.227 60.978
202212 57.569 125.222 60.582
202303 60.751 127.348 62.864
202306 65.046 128.729 66.586
202309 71.005 129.860 72.053
202312 73.983 129.419 75.330
202403 78.417 131.776 78.417

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.


TopBuild  (STU:28T) 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.


TopBuild Cyclically Adjusted PB Ratio Related Terms

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


TopBuild (STU:28T) Business Description

Industry
Traded in Other Exchanges
Address
475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.

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