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WaFd (FRA:WAO) Cyclically Adjusted PB Ratio : 0.89 (As of Jun. 08, 2024)


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What is WaFd Cyclically Adjusted PB Ratio?

As of today (2024-06-08), WaFd's current share price is €24.80. WaFd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.77. WaFd's Cyclically Adjusted PB Ratio for today is 0.89.

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

FRA:WAO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.3   Max: 1.85
Current: 0.89

During the past years, WaFd's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.82. And the median was 1.30.

FRA:WAO's Cyclically Adjusted PB Ratio is ranked better than
51.51% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs FRA:WAO: 0.89

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.

WaFd's adjusted book value per share data for the three months ended in Mar. 2024 was €29.631. 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 €27.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


WaFd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for WaFd'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.

WaFd Cyclically Adjusted PB Ratio Chart

WaFd Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 0.91 1.37 1.08 0.87

WaFd 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 1.06 0.91 0.87 1.11 0.96

Competitive Comparison of WaFd's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, WaFd'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.


WaFd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



WaFd 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.

WaFd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.80/27.77
=0.89

* 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.

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

For example, WaFd'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)
=29.631/131.7762*131.7762
=29.631

Current CPI (Mar. 2024) = 131.7762.

WaFd Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.608 100.560 19.143
201409 15.561 100.428 20.418
201412 16.471 99.070 21.909
201503 19.125 99.621 25.298
201506 18.574 100.684 24.310
201509 18.749 100.392 24.610
201512 19.465 99.792 25.704
201603 19.308 100.470 25.324
201606 19.355 101.688 25.082
201609 19.629 101.861 25.394
201612 21.234 101.863 27.470
201703 21.063 102.862 26.984
201706 20.269 103.349 25.844
201709 19.299 104.136 24.422
201712 19.663 104.011 24.912
201803 19.030 105.290 23.817
201806 20.354 106.317 25.228
201809 20.691 106.507 25.600
201812 21.487 105.998 26.713
201903 22.052 107.251 27.095
201906 22.434 108.070 27.355
201909 23.414 108.329 28.482
201912 23.632 108.420 28.723
202003 23.740 108.902 28.727
202006 23.348 108.767 28.287
202009 22.592 109.815 27.110
202012 22.339 109.897 26.786
202103 23.366 111.754 27.552
202106 23.025 114.631 26.469
202109 23.826 115.734 27.129
202112 25.075 117.630 28.091
202203 26.301 121.301 28.572
202206 27.807 125.017 29.310
202209 30.522 125.227 32.118
202212 29.226 125.222 30.756
202303 29.458 127.348 30.482
202306 29.864 128.729 30.571
202309 30.778 129.860 31.232
202312 30.712 129.419 31.271
202403 29.631 131.776 29.631

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.


WaFd  (FRA:WAO) 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.


WaFd Cyclically Adjusted PB Ratio Related Terms

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


WaFd (FRA:WAO) Business Description

Industry
Traded in Other Exchanges
Address
425 Pike Street, Seattle, WA, USA, 98101
WaFd Inc is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Geographically It operates in Washington, Oregon, Arizona, Texas, Utah. New Mexico, Nevada, Idaho and others. WaFd Inc provides, Personal Banking, Business Banking, Commercial Banking and Home Loans.

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