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PulteGroup (STU:PU7) Cyclically Adjusted PB Ratio : 4.25 (As of Jun. 13, 2024)


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What is PulteGroup Cyclically Adjusted PB Ratio?

As of today (2024-06-13), PulteGroup's current share price is €102.98. PulteGroup's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €24.21. PulteGroup's Cyclically Adjusted PB Ratio for today is 4.25.

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

STU:PU7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 2.36   Max: 4.8
Current: 4.36

During the past years, PulteGroup's highest Cyclically Adjusted PB Ratio was 4.80. The lowest was 1.03. And the median was 2.36.

STU:PU7's Cyclically Adjusted PB Ratio is ranked worse than
89.61% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.5 vs STU:PU7: 4.36

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.

PulteGroup's adjusted book value per share data for the three months ended in Mar. 2024 was €47.000. 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 €24.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PulteGroup Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PulteGroup'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.

PulteGroup Cyclically Adjusted PB Ratio Chart

PulteGroup 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 3.13 3.08 3.34 2.16 4.11

PulteGroup 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 2.62 3.32 3.04 4.11 4.56

Competitive Comparison of PulteGroup's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, PulteGroup'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.


PulteGroup's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PulteGroup 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=102.98/24.21
=4.25

* 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.

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

For example, PulteGroup'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)
=47/131.7762*131.7762
=47.000

Current CPI (Mar. 2024) = 131.7762.

PulteGroup Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.068 100.560 11.883
201409 9.779 100.428 12.832
201412 10.547 99.070 14.029
201503 11.555 99.621 15.285
201506 11.567 100.684 15.139
201509 11.667 100.392 15.314
201512 12.513 99.792 16.523
201603 12.375 100.470 16.231
201606 12.469 101.688 16.158
201609 12.527 101.861 16.206
201612 13.843 101.863 17.908
201703 13.787 102.862 17.662
201706 13.109 103.349 16.715
201709 12.402 104.136 15.694
201712 12.241 104.011 15.509
201803 12.127 105.290 15.178
201806 13.627 106.317 16.890
201809 14.368 106.507 17.777
201812 15.282 105.998 18.999
201903 15.748 107.251 19.349
201906 16.317 108.070 19.896
201909 17.363 108.329 21.121
201912 18.178 108.420 22.094
202003 18.665 108.902 22.586
202006 19.376 108.767 23.475
202009 19.755 109.815 23.706
202012 20.267 109.897 24.302
202103 21.301 111.754 25.117
202106 22.208 114.631 25.530
202109 23.809 115.734 27.109
202112 26.585 117.630 29.782
202203 28.091 121.301 30.517
202206 31.504 125.017 33.207
202209 36.128 125.227 38.018
202212 37.260 125.222 39.210
202303 38.709 127.348 40.055
202306 40.737 128.729 41.701
202309 43.407 129.860 44.048
202312 44.795 129.419 45.611
202403 47.000 131.776 47.000

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.


PulteGroup  (STU:PU7) 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.


PulteGroup Cyclically Adjusted PB Ratio Related Terms

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


PulteGroup (STU:PU7) Business Description

Traded in Other Exchanges
Address
3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326
PulteGroup Inc is one of the largest homebuilders in the United States, operating in 42 markets across 24 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.

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