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Eagle Materials (Eagle Materials) Cyclically Adjusted PB Ratio : 7.72 (As of May. 22, 2024)


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What is Eagle Materials Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Eagle Materials's current share price is $242.29. Eagle Materials's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $31.37. Eagle Materials's Cyclically Adjusted PB Ratio for today is 7.72.

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

EXP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.23   Med: 5.78   Max: 8.69
Current: 8.19

During the past years, Eagle Materials's highest Cyclically Adjusted PB Ratio was 8.69. The lowest was 2.23. And the median was 5.78.

EXP's Cyclically Adjusted PB Ratio is ranked worse than
92.98% of 299 companies
in the Building Materials industry
Industry Median: 1.08 vs EXP: 8.19

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.

Eagle Materials's adjusted book value per share data for the three months ended in Dec. 2023 was $38.671. 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 $31.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eagle Materials Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Eagle Materials'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.

Eagle Materials Cyclically Adjusted PB Ratio Chart

Eagle Materials Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.39 2.83 5.88 4.80 4.95

Eagle Materials 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 4.62 4.95 6.14 5.36 6.47

Competitive Comparison of Eagle Materials's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Eagle Materials'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.


Eagle Materials's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Eagle Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Eagle Materials 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.

Eagle Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=242.29/31.37
=7.72

* 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.

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

For example, Eagle Materials'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)
=38.671/129.4194*129.4194
=38.671

Current CPI (Dec. 2023) = 129.4194.

Eagle Materials Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.612 99.695 21.565
201406 17.310 100.560 22.278
201409 18.350 100.428 23.647
201412 19.353 99.070 25.282
201503 20.113 99.621 26.129
201506 20.816 100.684 26.757
201509 21.272 100.392 27.423
201512 21.282 99.792 27.600
201603 21.442 100.470 27.620
201606 21.831 101.688 27.785
201609 22.784 101.861 28.948
201612 24.036 101.863 30.538
201703 24.837 102.862 31.249
201706 25.852 103.349 32.373
201709 26.996 104.136 33.551
201712 29.101 104.011 36.210
201803 29.362 105.290 36.091
201806 29.877 106.317 36.369
201809 30.359 106.507 36.890
201812 30.718 105.998 37.506
201903 26.808 107.251 32.349
201906 24.584 108.070 29.441
201909 24.282 108.329 29.009
201912 21.548 108.420 25.722
202003 23.238 108.902 27.616
202006 25.576 108.767 30.432
202009 27.932 109.815 32.919
202012 30.072 109.897 35.414
202103 32.074 111.754 37.144
202106 33.047 114.631 37.310
202109 31.953 115.734 35.731
202112 30.736 117.630 33.817
202203 29.283 121.301 31.243
202206 29.655 125.017 30.699
202209 31.208 125.227 32.253
202212 32.159 125.222 33.237
202303 33.149 127.348 33.688
202306 34.938 128.729 35.125
202309 37.298 129.860 37.172
202312 38.671 129.419 38.671

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.


Eagle Materials  (NYSE:EXP) 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.


Eagle Materials Cyclically Adjusted PB Ratio Related Terms

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


Eagle Materials (Eagle Materials) Business Description

Traded in Other Exchanges
Address
5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225
Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.
Executives
Eric Cribbs officer: Executive Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
Matt Newby officer: EVP & General Counsel 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Richard Ross Stewart director 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Dale Craig Kesler officer: EVP and CFO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Michael Haack director, officer: President & CEO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Robert S Stewart officer: EVP-Strategy & Corp. Develop. C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
William R Devlin officer: Vice President & Controller C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Tony Thompson officer: Senior Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
David B Powers officer: Executive Vice President C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201
Steven L Wentzel officer: President (American Gypsum) 5960 BERKSHIRE LN #800, DALLAS TX 75225
Bowman Ed H Jr director C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204
James H Graass officer: EVP & General Counsel C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Martin M Ellen director 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Mauro Gregorio director 2211 H.H. DOW WAY, MIDLAND MI 48674