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Griffon (Griffon) Cyclically Adjusted PB Ratio : 5.66 (As of Apr. 27, 2024)


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What is Griffon Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Griffon's current share price is $68.27. Griffon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.06. Griffon's Cyclically Adjusted PB Ratio for today is 5.66.

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

GFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.72   Max: 6.18
Current: 5.59

During the past years, Griffon's highest Cyclically Adjusted PB Ratio was 6.18. The lowest was 0.78. And the median was 1.72.

GFF's Cyclically Adjusted PB Ratio is ranked worse than
93.75% of 416 companies
in the Conglomerates industry
Industry Median: 0.92 vs GFF: 5.59

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.

Griffon's adjusted book value per share data for the three months ended in Dec. 2023 was $5.547. 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 $12.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Griffon Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Griffon'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.

Griffon Cyclically Adjusted PB Ratio Chart

Griffon Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.79 2.13 2.36 3.22

Griffon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.88 2.57 3.24 3.22 5.06

Competitive Comparison of Griffon's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Griffon'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.


Griffon's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Griffon 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.27/12.06
=5.66

* 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.

Griffon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Griffon's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.547/129.4194*129.4194
=5.547

Current CPI (Dec. 2023) = 129.4194.

Griffon Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.232 99.695 13.283
201406 10.582 100.560 13.619
201409 10.010 100.428 12.900
201412 9.762 99.070 12.753
201503 9.102 99.621 11.825
201506 9.275 100.684 11.922
201509 8.906 100.392 11.481
201512 8.909 99.792 11.554
201603 9.129 100.470 11.759
201606 9.108 101.688 11.592
201609 9.098 101.861 11.559
201612 8.687 101.863 11.037
201703 7.992 102.862 10.055
201706 8.339 103.349 10.443
201709 8.466 104.136 10.522
201712 9.191 104.011 11.436
201803 10.242 105.290 12.589
201806 10.218 106.317 12.438
201809 10.386 106.507 12.620
201812 10.084 105.998 12.312
201903 10.134 107.251 12.229
201906 10.431 108.070 12.492
201909 10.207 108.329 12.194
201912 10.546 108.420 12.589
202003 10.045 108.902 11.938
202006 10.721 108.767 12.757
202009 12.474 109.815 14.701
202012 13.101 109.897 15.428
202103 13.486 111.754 15.618
202106 13.856 114.631 15.643
202109 14.257 115.734 15.943
202112 14.429 117.630 15.875
202203 15.486 121.301 16.522
202206 15.882 125.017 16.441
202209 8.369 125.227 8.649
202212 9.213 125.222 9.522
202303 8.187 127.348 8.320
202306 6.141 128.729 6.174
202309 5.941 129.860 5.921
202312 5.547 129.419 5.547

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.


Griffon  (NYSE:GFF) 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.


Griffon Cyclically Adjusted PB Ratio Related Terms

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


Griffon (Griffon) Business Description

Industry
Traded in Other Exchanges
Address
712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019
Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.
Executives
Voss Value-oriented Special Situations Fund, Lp director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, L.p. director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, Lp director, other: See Remarks 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Travis W. Cocke director, other: See Remarks 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Advisors Gp, Llc director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Capital, Llc director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Michelle L Taylor director 712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 10019
Diao H.c. Charles director 1775 TYSONS BOULEVARD, TYSONS VA 22102
Lacy M. Johnson director 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Louis J. Grabowsky director 6605 ABERDEEN, DALLAS TX 75230
Henry A Alpert director
Kevin F Sullivan director C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Jerome L Coben director 5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Thomas Brosig director C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Seth L. Kaplan officer: Sr VP, Gen. Counsel and Secy 712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019