WD (Walker & Dunlop) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WD Walker & Dunlop Inc WD
69 GF Score
Price $47.52
GF Value $97.46
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Walker & Dunlop Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Walker & Dunlop  (NYSE:WD) 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.


Walker & Dunlop Cyclically Adjusted PB Ratio Related Terms


Walker & Dunlop Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Walker & Dunlop'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.

Walker & Dunlop Cyclically Adjusted PB Ratio Chart

Walker & Dunlop 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 5.85 2.50 3.07 2.39 1.34

Walker & Dunlop 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 1.63 1.89 1.34 0.95 0.00

WD vs VEL, UWMC, LDI: Cyclically Adjusted PB Ratio Comparison

For the Mortgage Finance subindustry, Walker & Dunlop'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.


Walker & Dunlop Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Walker & Dunlop's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WD
69GF Score
Walker & Dunlop Inc WD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Walker & Dunlop 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.

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

For example, Walker & Dunlop'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)
=51.368/333.9520*333.9520
=51.368

Current CPI (Jun. 2026) = 333.9520.

Walker & Dunlop Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.341 241.428 26.753
201612 20.650 241.432 28.563
201703 21.381 243.801 29.287
201706 22.628 244.955 30.849
201709 23.752 246.819 32.137
201712 26.966 246.524 36.529
201803 27.427 249.554 36.703
201806 28.572 251.989 37.865
201809 29.643 252.439 39.215
201812 30.584 251.233 40.654
201903 30.800 254.202 40.463
201906 32.018 256.143 41.744
201909 33.241 256.759 43.235
201912 34.483 256.974 44.813
202003 34.166 258.115 44.204
202006 35.910 257.797 46.518
202009 36.419 260.280 46.727
202012 38.993 260.474 49.993
202103 40.195 264.877 50.677
202106 41.680 271.696 51.230
202109 43.762 274.310 53.277
202112 48.368 278.802 57.936
202203 49.210 287.504 57.160
202206 50.538 296.311 56.958
202209 51.414 296.808 57.848
202212 52.149 296.797 58.677
202303 51.566 301.836 57.053
202306 51.933 305.109 56.842
202309 52.051 307.789 56.475
202312 52.435 306.746 57.086
202403 51.831 312.332 55.419
202406 51.209 314.175 54.433
202409 51.518 315.301 54.565
202412 52.656 315.605 55.717
202503 51.949 319.799 54.248
202506 52.449 322.561 54.301
202509 52.885 324.800 54.375
202512 51.933 324.054 53.519
202603 51.759 330.213 52.345
202606 51.368 333.952 51.368

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.

Is Walker & Dunlop (WD) Overvalued in 2026?

Based on GuruFocus' analysis, Walker & Dunlop stock appears to be undervalued. The current stock price of $47.52 is trading 51.2% below its estimated GF Value™ of $97.46. GuruFocus considers Walker & Dunlop to be Possible Value Trap.

Key valuation signals for WD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $97.46 vs. price of $47.52 (51.2% below fair value)
  • GF Score™: 69/100 with 10 warning signs

No single metric tells the full story. See the WD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walker & Dunlop Business Description

Other Exchanges 0A8P:UK5WD:Germany
Address 7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, USA, 20814
Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company is managed based on three reportable segments: Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. The company generates a majority of its total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
69GF Score

Get the complete analysis for WD

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

$47.52
Price
$97.46
GF Value