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Builders FirstSource (Builders FirstSource) Cyclically Adjusted Book per Share : $14.18 (As of Mar. 2024)


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What is Builders FirstSource Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Builders FirstSource's adjusted book value per share for the three months ended in Mar. 2024 was $40.612. 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 $14.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Builders FirstSource's average Cyclically Adjusted Book Growth Rate was 38.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 66.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 53.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Builders FirstSource was 66.20% per year. The lowest was -15.30% per year. And the median was 17.70% per year.

As of today (2024-05-16), Builders FirstSource's current stock price is $171.94. Builders FirstSource's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.18. Builders FirstSource's Cyclically Adjusted PB Ratio of today is 12.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Builders FirstSource was 16.77. The lowest was 1.58. And the median was 8.70.


Builders FirstSource Cyclically Adjusted Book per Share Historical Data

The historical data trend for Builders FirstSource's Cyclically Adjusted Book per Share 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.

Builders FirstSource Cyclically Adjusted Book per Share Chart

Builders FirstSource Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 2.87 5.62 9.21 13.17

Builders FirstSource Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 10.24 11.22 12.25 13.17 14.18

Competitive Comparison of Builders FirstSource's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Builders FirstSource'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.


Builders FirstSource's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Builders FirstSource Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Builders FirstSource'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)
=40.612/129.4194*129.4194
=40.612

Current CPI (Mar. 2024) = 129.4194.

Builders FirstSource Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.250 100.560 0.322
201409 0.359 100.428 0.463
201412 0.409 99.070 0.534
201503 0.345 99.621 0.448
201506 0.485 100.684 0.623
201509 1.423 100.392 1.834
201512 1.360 99.792 1.764
201603 1.216 100.470 1.566
201606 1.526 101.688 1.942
201609 2.692 101.861 3.420
201612 2.775 101.863 3.526
201703 2.888 102.862 3.634
201706 3.261 103.349 4.084
201709 3.648 104.136 4.534
201712 3.313 104.011 4.122
201803 3.498 105.290 4.300
201806 4.024 106.317 4.898
201809 4.692 106.507 5.701
201812 5.182 105.998 6.327
201903 5.471 107.251 6.602
201906 6.076 108.070 7.276
201909 6.729 108.329 8.039
201912 7.108 108.420 8.485
202003 7.152 108.902 8.499
202006 7.849 108.767 9.339
202009 8.629 109.815 10.169
202012 9.867 109.897 11.620
202103 24.094 111.754 27.903
202106 26.460 114.631 29.873
202109 28.139 115.734 31.466
202112 26.707 117.630 29.384
202203 29.036 121.301 30.979
202206 32.057 125.017 33.186
202209 35.066 125.227 36.240
202212 35.737 125.222 36.935
202303 35.344 127.348 35.919
202306 34.728 128.729 34.914
202309 37.121 129.860 36.995
202312 38.835 129.419 38.835
202403 40.612 129.419 40.612

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Builders FirstSource  (NYSE:BLDR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Builders FirstSource's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=171.94/14.18
=12.13

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Builders FirstSource was 16.77. The lowest was 1.58. And the median was 8.70.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Builders FirstSource Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Builders FirstSource's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Builders FirstSource (Builders FirstSource) Business Description

Industry
Traded in Other Exchanges
Address
2001 Bryan Street, Suite 1600, Dallas, TX, USA, 75201
Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.
Executives
Michael Alan Farmer officer: President - Commercial Ops C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27609
Michael Hiller officer: President - Central Division 2001 BRYAN ST STE 1600, DALLAS TX 75201
Timothy D Johnson officer: EVP & General Counsel 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513
Jami Lynn Coulter officer: Principal Accounting Officer 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201
Paul M Mccrobie officer: President - East Division 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Dirkson R Charles director 50 MAIN STREET, 4TH FLOOR, WHITE PLAINS NY 10606
Floyd F Sherman director, officer: President & CEO BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Amy B Messersmith officer: Chief People Officer 2001 BRYAN ST STE 1600, DALLAS TX 75201
James Oleary director
David W Bullock director C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2401 PLEASANT VALLEY ROAD, YORK PA 17402
Mark A Alexander director C/O W. P. CAREY INC., 395 9TH AVENUE, 58TH FLOOR, NEW YORK, NEW YORK NY 10001
David E Flitman director, officer: President C/O NALCO COMPANY, 1601 WEST DIEHL ROAD, NAPERVILLE IL 60563
Boydston Cory Jacobs director C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27617
Stephen J Herron officer: President - East Division 2001 BRYAN ST STE 1600, DALLAS TX 75201
David E Rush officer: SVP - COO - East 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201