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Tutor Perini (STU:PE2) Cyclically Adjusted PB Ratio : 0.57 (As of May. 23, 2024)


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What is Tutor Perini Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Tutor Perini's current share price is €18.70. Tutor Perini's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €33.00. Tutor Perini's Cyclically Adjusted PB Ratio for today is 0.57.

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

STU:PE2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.59   Max: 1.54
Current: 0.57

During the past years, Tutor Perini's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.14. And the median was 0.59.

STU:PE2's Cyclically Adjusted PB Ratio is ranked better than
75.87% of 1210 companies
in the Construction industry
Industry Median: 1.12 vs STU:PE2: 0.57

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.

Tutor Perini's adjusted book value per share data for the three months ended in Mar. 2024 was €22.999. 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 €33.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tutor Perini Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tutor Perini'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.

Tutor Perini Cyclically Adjusted PB Ratio Chart

Tutor Perini 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 0.41 0.41 0.37 0.21 0.25

Tutor Perini 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 0.17 0.20 0.22 0.25 0.40

Competitive Comparison of Tutor Perini's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Tutor Perini'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.


Tutor Perini's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Tutor Perini 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.

Tutor Perini's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.70/33
=0.57

* 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.

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

For example, Tutor Perini'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)
=22.999/131.7762*131.7762
=22.999

Current CPI (Mar. 2024) = 131.7762.

Tutor Perini Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.721 100.560 25.843
201409 21.390 100.428 28.067
201412 22.753 99.070 30.265
201503 25.993 99.621 34.383
201506 25.323 100.684 33.143
201509 25.721 100.392 33.762
201512 26.568 99.792 35.083
201603 26.357 100.470 34.570
201606 27.021 101.688 35.016
201609 27.599 101.861 35.704
201612 29.917 101.863 38.703
201703 29.354 102.862 37.605
201706 28.592 103.349 36.456
201709 27.437 104.136 34.720
201712 29.082 104.011 36.845
201803 27.617 105.290 34.564
201806 29.613 106.317 36.704
201809 30.095 106.507 37.235
201812 31.789 105.998 39.520
201903 31.966 107.251 39.276
201906 26.386 108.070 32.174
201909 27.488 108.329 33.437
201912 25.779 108.420 31.332
202003 26.130 108.902 31.619
202006 25.971 108.767 31.465
202009 25.446 109.815 30.535
202012 25.130 109.897 30.133
202103 25.884 111.754 30.521
202106 26.075 114.631 29.975
202109 26.983 115.734 30.723
202112 28.664 117.630 32.111
202203 28.939 121.301 31.438
202206 28.920 125.017 30.484
202209 30.144 125.227 31.721
202212 26.562 125.222 27.952
202303 25.383 127.348 26.266
202306 24.289 128.729 24.864
202309 23.982 129.860 24.336
202312 22.765 129.419 23.180
202403 22.999 131.776 22.999

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.


Tutor Perini  (STU:PE2) 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.


Tutor Perini Cyclically Adjusted PB Ratio Related Terms

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


Tutor Perini (STU:PE2) Business Description

Industry
Traded in Other Exchanges
Address
15901 Olden Street, Sylmar, CA, USA, 91342
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.

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