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As of today (2024-05-28), Ready Capital's current share price is $8.35. Ready Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $21.67. Ready Capital's Cyclically Adjusted PB Ratio for today is 0.39.
The historical rank and industry rank for Ready Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Ready Capital's highest Cyclically Adjusted PB Ratio was 0.80. The lowest was 0.38. And the median was 0.52.
RC's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Ready Capital's adjusted book value per share data for the three months ended in Mar. 2024 was $13.444. 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 $21.67 for the trailing ten years ended in Mar. 2024.
The historical data trend for Ready Capital'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.
Ready Capital 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 | 0.46 | 0.51 | 0.46 | 0.47 | 0.42 |
For the REIT - Mortgage subindustry, Ready Capital'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.
For the REITs industry and Real Estate sector, Ready Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ready Capital's Cyclically Adjusted PB Ratio falls into.
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.
Ready Capital's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 8.35 | / | 21.67 | |
= | 0.39 |
* 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.
Ready Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Ready Capital'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) |
= | 13.444 | / | 131.7762 | * | 131.7762 | |
= | 13.444 |
Current CPI (Mar. 2024) = 131.7762.
Ready Capital Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 22.365 | 100.560 | 29.308 |
201409 | 22.109 | 100.428 | 29.010 |
201412 | 21.734 | 99.070 | 28.909 |
201503 | 21.381 | 99.621 | 28.282 |
201506 | 21.740 | 100.684 | 28.454 |
201509 | 20.582 | 100.392 | 27.016 |
201512 | 55.351 | 99.792 | 73.091 |
201603 | 19.194 | 100.470 | 25.175 |
201606 | 18.664 | 101.688 | 24.186 |
201609 | 18.729 | 101.861 | 24.229 |
201612 | 16.796 | 101.863 | 21.728 |
201703 | 16.728 | 102.862 | 21.430 |
201706 | 16.671 | 103.349 | 21.257 |
201709 | 16.743 | 104.136 | 21.187 |
201712 | 16.754 | 104.011 | 21.226 |
201803 | 16.940 | 105.290 | 21.201 |
201806 | 17.014 | 106.317 | 21.088 |
201809 | 17.139 | 106.507 | 21.205 |
201812 | 16.970 | 105.998 | 21.097 |
201903 | 16.694 | 107.251 | 20.512 |
201906 | 16.391 | 108.070 | 19.987 |
201909 | 16.203 | 108.329 | 19.710 |
201912 | 16.144 | 108.420 | 19.622 |
202003 | 14.550 | 108.902 | 17.606 |
202006 | 14.481 | 108.767 | 17.544 |
202009 | 14.864 | 109.815 | 17.837 |
202012 | 14.997 | 109.897 | 17.983 |
202103 | 14.903 | 111.754 | 17.573 |
202106 | 14.880 | 114.631 | 17.106 |
202109 | 15.069 | 115.734 | 17.158 |
202112 | 15.358 | 117.630 | 17.205 |
202203 | 15.219 | 121.301 | 16.533 |
202206 | 15.284 | 125.017 | 16.110 |
202209 | 15.398 | 125.227 | 16.203 |
202212 | 15.198 | 125.222 | 15.993 |
202303 | 15.068 | 127.348 | 15.592 |
202306 | 14.516 | 128.729 | 14.860 |
202309 | 14.421 | 129.860 | 14.634 |
202312 | 14.097 | 129.419 | 14.354 |
202403 | 13.444 | 131.776 | 13.444 |
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.
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.
Thank you for viewing the detailed overview of Ready Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas E Capasse | director, officer: Chairman of the Board and CEO | SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036 |
Pinkie Dent Mayfield | director | 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Daniel J. Hirsch | director | 748 DIAMOND STREET, SAN FRANCISCO CA 94114 |
Kevin M Luebbers | director | 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120 |
Gilbert E Nathan | director | C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486 |
Dominique Mielle | director | C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401 |
Meredith Marshall | director | 50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069 |
Andrew Ahlborn | officer: Chief Financial Officer | C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036 |
Erving Julius W Ii | director | DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326 |
Andrea Petro | director | C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020 |
Adam Zausmer | officer: Chief Credit Officer | C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020 |
Gary Taylor | officer: Chief Operating Officer | C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036 |
J Mitchell Reese | director | 210 MONTEREY DR. S., VERO BEACH FL 32963 |
Todd M. Sinai | director | C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036 |
Thomas Buttacavoli | officer: Chief Investment Officer | C/O SUTHERLAND ASSET MANAGEMENT CORP., 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036 |
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