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Tri Pointe Homes (FRA:T86) Cyclically Adjusted PB Ratio : 1.90 (As of Jun. 06, 2024)


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What is Tri Pointe Homes Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Tri Pointe Homes's current share price is €34.40. Tri Pointe Homes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.10. Tri Pointe Homes's Cyclically Adjusted PB Ratio for today is 1.90.

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

FRA:T86' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.57   Max: 2.05
Current: 1.92

During the past years, Tri Pointe Homes's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.91. And the median was 1.57.

FRA:T86's Cyclically Adjusted PB Ratio is ranked worse than
59.74% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.5 vs FRA:T86: 1.92

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.

Tri Pointe Homes's adjusted book value per share data for the three months ended in Mar. 2024 was €29.572. 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 €18.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tri Pointe Homes Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tri Pointe Homes'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.

Tri Pointe Homes Cyclically Adjusted PB Ratio Chart

Tri Pointe Homes 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 - - 1.87 1.09 1.88

Tri Pointe Homes 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 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 1.42 1.79 1.44 1.88 1.97

Competitive Comparison of Tri Pointe Homes's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Tri Pointe Homes'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.


Tri Pointe Homes's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Tri Pointe Homes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tri Pointe Homes 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.

Tri Pointe Homes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.40/18.1
=1.90

* 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.

Tri Pointe Homes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tri Pointe Homes'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)
=29.572/131.7762*131.7762
=29.572

Current CPI (Mar. 2024) = 131.7762.

Tri Pointe Homes Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.770 100.560 10.182
201409 6.779 100.428 8.895
201412 7.309 99.070 9.722
201503 8.408 99.621 11.122
201506 8.422 100.684 11.023
201509 8.679 100.392 11.392
201512 9.444 99.792 12.471
201603 9.394 100.470 12.321
201606 9.722 101.688 12.599
201609 9.939 101.861 12.858
201612 10.933 101.863 14.144
201703 10.812 102.862 13.851
201706 10.457 103.349 13.333
201709 10.276 104.136 13.004
201712 10.787 104.011 13.667
201803 10.482 105.290 13.119
201806 11.440 106.317 14.180
201809 11.815 106.507 14.618
201812 12.763 105.998 15.867
201903 12.801 107.251 15.728
201906 12.981 108.070 15.829
201909 13.771 108.329 16.752
201912 14.454 108.420 17.568
202003 14.699 108.902 17.787
202006 14.825 108.767 17.961
202009 14.715 109.815 17.658
202012 15.057 109.897 18.055
202103 15.834 111.754 18.671
202106 16.420 114.631 18.876
202109 17.805 115.734 20.273
202112 19.756 117.630 22.132
202203 20.829 121.301 22.628
202206 23.102 125.017 24.351
202209 26.280 125.227 27.655
202212 26.468 125.222 27.853
202303 26.700 127.348 27.628
202306 26.975 128.729 27.614
202309 28.140 129.860 28.555
202312 28.902 129.419 29.428
202403 29.572 131.776 29.572

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.


Tri Pointe Homes  (FRA:T86) 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.


Tri Pointe Homes Cyclically Adjusted PB Ratio Related Terms

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


Tri Pointe Homes (FRA:T86) Business Description

Traded in Other Exchanges
Address
940 Southwood Boulevard, Suite 200, Incline Village, Irvine, CA, USA, 89451
Tri Pointe Homes Inc is an American construction company that focuses on residential construction. The company designs and builds single-family homes and condominiums through its portfolio of six regional housing brands. Its largest regional brands include Maracay Homes, which operates in Arizona, and TRI Pointe and Pardee Homes, which operate in California, Nevada, and Colorado. From a geographic perspective, California is TRI Pointe's largest source of revenue, followed by Arizona and Nevada. The company also operates in Texas, Oregon, and Virginia. TRI Pointe completes approximately 4,000 homes annually with an average selling price around $500,000. TRI Pointe also is involved in the sale and development of land.

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