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Waterstone Financial (Waterstone Financial) Cyclically Adjusted PB Ratio : 0.67 (As of Apr. 29, 2024)


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What is Waterstone Financial Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Waterstone Financial's current share price is $11.79. Waterstone Financial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.51. Waterstone Financial's Cyclically Adjusted PB Ratio for today is 0.67.

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

WSBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.67   Max: 2.36
Current: 0.67

During the past years, Waterstone Financial's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 0.57. And the median was 1.67.

WSBF's Cyclically Adjusted PB Ratio is ranked better than
70.46% of 1178 companies
in the Banks industry
Industry Median: 0.92 vs WSBF: 0.67

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.

Waterstone Financial's adjusted book value per share data for the three months ended in Dec. 2023 was $16.936. 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 $17.51 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Waterstone Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Waterstone Financial'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.

Waterstone Financial Cyclically Adjusted PB Ratio Chart

Waterstone Financial 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 1.70 1.55 1.54 1.07 0.81

Waterstone Financial 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 1.07 0.91 0.85 0.63 0.81

Competitive Comparison of Waterstone Financial's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Waterstone Financial'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.


Waterstone Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Waterstone Financial 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.

Waterstone Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.79/17.51
=0.67

* 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.

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

For example, Waterstone Financial'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)
=16.936/129.4194*129.4194
=16.936

Current CPI (Dec. 2023) = 129.4194.

Waterstone Financial Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.566 99.695 17.611
201406 13.309 100.560 17.129
201409 13.031 100.428 16.793
201412 13.081 99.070 17.088
201503 12.999 99.621 16.887
201506 13.073 100.684 16.804
201509 13.269 100.392 17.106
201512 13.328 99.792 17.285
201603 13.498 100.470 17.387
201606 13.736 101.688 17.482
201609 13.937 101.861 17.708
201612 13.955 101.863 17.730
201703 14.093 102.862 17.732
201706 13.805 103.349 17.287
201709 13.972 104.136 17.364
201712 13.969 104.011 17.381
201803 13.553 105.290 16.659
201806 13.771 106.317 16.763
201809 13.929 106.507 16.926
201812 14.042 105.998 17.145
201903 13.729 107.251 16.567
201906 14.001 108.070 16.767
201909 14.265 108.329 17.042
201912 14.501 108.420 17.310
202003 14.151 108.902 16.817
202006 14.921 108.767 17.754
202009 15.838 109.815 18.665
202012 16.467 109.897 19.392
202103 17.070 111.754 19.768
202106 17.123 114.631 19.332
202109 17.676 115.734 19.766
202112 17.454 117.630 19.203
202203 17.073 121.301 18.216
202206 16.996 125.017 17.595
202209 16.855 125.227 17.419
202212 16.708 125.222 17.268
202303 16.729 127.348 17.001
202306 16.643 128.729 16.732
202309 16.603 129.860 16.547
202312 16.936 129.419 16.936

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.


Waterstone Financial  (NAS:WSBF) 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.


Waterstone Financial Cyclically Adjusted PB Ratio Related Terms

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


Waterstone Financial (Waterstone Financial) Business Description

Traded in Other Exchanges
Address
11200 West Plank Court, Wauwatosa, WI, USA, 53226
Waterstone Financial Inc is a holding company. Through its subsidiaries, It operates in two segments: Community Banking and Mortgage Banking. The community banking segment provides consumer and business banking products and services to customers, which include various types of loans, deposits, and personal investment services. The Mortgage Banking segment involves residential mortgage loans for the primary purpose of sale in the secondary market. The vast majority of its revenue comes from the community banking segment.
Executives
Douglas S Gordon director, officer: CEO C/O WAUWATOSA HOLDINGS INC, 11200 WEST PLANK COURT, WAUWATOSA WI 53226-3520
Ryan J Gordon officer: EVP/Chief Credit Officer 11200 WEST PLANK CT., WAUWATOSA WI 53226
Michael L Hansen director C/O WAUWATOSA HOLDINGS, INC., 11200 WEST PLANK COURT, WAUWATOSA WI 53226-3250
Thomas E Dalum director C/O WAUWATOSA HOLDINGS, INC., 11200 WEST PLANK COURT, WAUWATOSA WI 53226-3250
William F Bruss officer: COO, General Counsel 11200 W PLANK COURT, WAUWATOSA WI 53226
Ellen Syburg Bartel director 730 PLANKINTON 3B, MILWAUKEE WI 53203
Mark Raymond Gerke officer: VP/Controller 5749 N. KENT AVENUE, WHITEFISH BAY WI 53217
Derek L Tyus director 11200 WEST PLANK COURT, WAUWATOSA WI 53226
Jeffrey R Mcguiness officer: Subsidary President 11200 WEST PLANK COURT, WAUWATOSA WI 53226
Patrick S Lawton director C/O WAUWATOSA HOLDINGS, INC., 11200 WEST PLANK COURT, WAUWATOSA WI 53226-3250
Eric J Egenhoefer officer: Subsidiary President 11200 W PLANK COURT, WAUWATOSA WI 53226
Rebecca M Arndt officer: Vice President 11200 W PLANK COURT, WAUWATOSA WI 53226
Stephen J Schmidt director C/O WAUWATOSA HOLDINGS, INC., 11200 WEST PLANK COURT, WAUWATOSA WI 53226-3250
Kevin P Gillespie officer: Subsidary COO 626 SANCTUARY LANE, DELAFIELD WI 53018
Allan Robert Hosack officer: CFO W73 N397 GREYSTONE DRIVE, CEDARBURG WI 53012