Redwood Trust (STU:R2V) Cyclically Adjusted PB Ratio: 0.32 (As of Aug. 07, 2026) — 46% Below Median

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STU:R2V Redwood Trust Inc STU:R2V
27 GF Score
Price €3.95
! 3 Warning Signs
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What is Redwood Trust Cyclically Adjusted PB Ratio?

Redwood Trust STU:R2V +0.71% 27 Cyclically Adjusted PB Ratio is 0.32 as of Aug. 07, 2026, which is 46% below its 10-year median of 0.59. GuruFocus rates STU:R2V with a GF Score™ of 27/100. The stock has 3 warning signs investors should review. Among 554 REITs companies, Redwood Trust ranks better than 84.48% on this metric.

As of today (2026-08-07), Redwood Trust's current share price is €3.95. Redwood Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €12.32. Redwood Trust's Cyclically Adjusted PB Ratio for today is 0.32.

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

STU:R2V' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.59   Max: 1.31
Current: 0.32

During the past years, Redwood Trust's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.16. And the median was 0.59.

STU:R2V's Cyclically Adjusted PB Ratio is ranked better than
84.48% of 554 companies
in the REITs industry
Industry Median: 0.81 vs STU:R2V: 0.32

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.

Redwood Trust's adjusted book value per share data for the three months ended in Jun. 2026 was €5.991. 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 €12.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Redwood Trust  (STU:R2V) 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.


Redwood Trust Cyclically Adjusted PB Ratio Related Terms


Redwood Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Redwood Trust'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.

Redwood Trust Cyclically Adjusted PB Ratio Chart

Redwood Trust 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 0.83 0.41 0.47 0.43 0.39

Redwood Trust 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 0.40 0.39 0.39 0.39 0.34

STU:R2V vs FBRT, TRTX, BRSP: Cyclically Adjusted PB Ratio Comparison

For the REIT - Mortgage subindustry, Redwood Trust'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.


Redwood Trust Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Redwood Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:R2V
27GF Score
Redwood Trust Inc STU:R2V
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Redwood Trust 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.

Redwood Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.95/12.32
=0.32

* 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.

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

For example, Redwood Trust'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)
=5.991/333.9520*333.9520
=5.991

Current CPI (Jun. 2026) = 333.9520.

Redwood Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.131 241.428 18.163
201612 14.182 241.432 19.617
201703 14.149 243.801 19.381
201706 13.612 244.955 18.558
201709 13.148 246.819 17.790
201712 13.373 246.524 18.116
201803 13.070 249.554 17.490
201806 13.889 251.989 18.407
201809 14.068 252.439 18.611
201812 13.967 251.233 18.566
201903 14.161 254.202 18.604
201906 14.165 256.143 18.468
201909 14.459 256.759 18.806
201912 14.381 256.974 18.689
202003 5.715 258.115 7.394
202006 7.236 257.797 9.374
202009 7.992 260.280 10.254
202012 8.147 260.474 10.445
202103 9.036 264.877 11.392
202106 9.509 271.696 11.688
202109 10.199 274.310 12.417
202112 10.677 278.802 12.789
202203 10.910 287.504 12.673
202206 10.194 296.311 11.489
202209 10.285 296.808 11.572
202212 9.017 296.797 10.146
202303 8.783 301.836 9.718
202306 8.546 305.109 9.354
202309 8.214 307.789 8.912
202312 7.921 306.746 8.624
202403 8.073 312.332 8.632
202406 8.107 314.175 8.617
202409 7.877 315.301 8.343
202412 8.078 315.605 8.548
202503 7.765 319.799 8.109
202506 6.495 322.561 6.724
202509 6.265 324.800 6.442
202512 6.283 324.054 6.475
202603 6.156 330.213 6.226
202606 5.991 333.952 5.991

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 0.32 mean?
Redwood Trust (STU:R2V) has a Cyclically Adjusted PB Ratio of 0.32 as of Aug. 07, 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 Redwood Trust and its competitors. This is 46% below median its historical median of 0.59. Over the past decade, Redwood Trust's Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.31. According to the industry distribution chart, Redwood Trust ranks #86 out of 554 companies in the REITs industry, placing it in the top 15.5%.
Is Redwood Trust's Cyclically Adjusted PB Ratio too high?
Redwood Trust's current Cyclically Adjusted PB Ratio of 0.32 is 46% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.31. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Redwood Trust's value of 0.32 is 60.5% below this industry median. Based on the distribution chart, Redwood Trust ranks #86 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Redwood Trust has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Redwood Trust's Cyclically Adjusted PB Ratio compare to FBRT and TRTX?
According to the REITs industry distribution chart, Redwood Trust ranks #86 out of 554 companies for Cyclically Adjusted PB Ratio. This places Redwood Trust in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. Redwood Trust's value of 0.32 is 60.5% below this benchmark. Historically, Redwood Trust's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.31 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.81, Redwood Trust 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 554 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. Redwood Trust's current Cyclically Adjusted PB Ratio of 0.32 is 60.5% 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 Redwood Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redwood Trust's current Cyclically Adjusted PB Ratio is 0.32, which is 46% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redwood Trust stock overvalued right now?
Redwood Trust (STU:R2V) has a current Cyclically Adjusted PB Ratio of 0.32. The current Cyclically Adjusted PB Ratio is 0.32, which is 46% below median its 10-year median of 0.59 and 60.5% below the REITs industry median of 0.81. Redwood Trust's overall GF Score™ is 27/100 with 3 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 Redwood Trust (STU:R2V), the current Cyclically Adjusted PB Ratio is 0.32 as of Aug. 07, 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.

Redwood Trust Business Description

Industry Real EstateREITs
Other Exchanges RWT:USA
Address One Belvedere Place, Suite 300, Mill Valley, CA, USA, 94941
Redwood Trust Inc is a specialty finance company focused on several distinct areas of housing credit. The company delivers customized housing credit investments to a diverse mix of investors through securitization platforms, whole-loan distribution activities, and its publicly traded securities. The company has four reportable segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. Maximum revenue is generated from the Sequoia Mortgage Banking segment, comprising a mortgage loan conduit that acquires residential consumer loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT private-label securitization program, or transfer into its Redwood Investments portfolio.
27GF Score

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

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