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Owens-Corning (Owens-Corning) Cyclically Adjusted PB Ratio : 3.88 (As of May. 15, 2024)


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What is Owens-Corning Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Owens-Corning's current share price is $179.47. Owens-Corning's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $46.31. Owens-Corning's Cyclically Adjusted PB Ratio for today is 3.88.

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

OC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 2.16   Max: 76.68
Current: 3.84

During the past years, Owens-Corning's highest Cyclically Adjusted PB Ratio was 76.68. The lowest was 0.87. And the median was 2.16.

OC's Cyclically Adjusted PB Ratio is ranked worse than
87.48% of 1190 companies
in the Construction industry
Industry Median: 1.11 vs OC: 3.84

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.

Owens-Corning's adjusted book value per share data for the three months ended in Mar. 2024 was $60.342. 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 $46.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Owens-Corning Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Owens-Corning'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.

Owens-Corning Cyclically Adjusted PB Ratio Chart

Owens-Corning 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 1.82 2.08 2.30 1.99 3.23

Owens-Corning 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 2.18 2.91 2.99 3.23 3.60

Competitive Comparison of Owens-Corning's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, Owens-Corning'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.


Owens-Corning's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Owens-Corning 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.

Owens-Corning's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=179.47/46.31
=3.88

* 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.

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

For example, Owens-Corning'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)
=60.342/129.4194*129.4194
=60.342

Current CPI (Mar. 2024) = 129.4194.

Owens-Corning Quarterly Data

Book Value per Share CPI Adj_Book
201406 32.934 100.560 42.386
201409 32.815 100.428 42.288
201412 31.341 99.070 40.942
201503 30.881 99.621 40.118
201506 31.531 100.684 40.530
201509 32.005 100.392 41.259
201512 32.261 99.792 41.839
201603 32.760 100.470 42.199
201606 33.629 101.688 42.800
201609 34.269 101.861 43.540
201612 34.153 101.863 43.392
201703 34.835 102.862 43.829
201706 35.723 103.349 44.734
201709 36.637 104.136 45.532
201712 37.327 104.011 46.445
201803 36.919 105.290 45.380
201806 37.205 106.317 45.290
201809 38.106 106.507 46.304
201812 39.114 105.998 47.757
201903 39.245 107.251 47.357
201906 40.487 108.070 48.485
201909 41.204 108.329 49.226
201912 42.486 108.420 50.715
202003 32.347 108.902 38.441
202006 33.556 108.767 39.927
202009 35.667 109.815 42.034
202012 36.941 109.897 43.503
202103 37.661 111.754 43.614
202106 39.855 114.631 44.996
202109 41.437 115.734 46.337
202112 42.789 117.630 47.078
202203 44.251 121.301 47.213
202206 46.708 125.017 48.353
202209 48.997 125.227 50.638
202212 49.782 125.222 51.451
202303 52.764 127.348 53.622
202306 55.835 128.729 56.135
202309 57.424 129.860 57.229
202312 59.243 129.419 59.243
202403 60.342 129.419 60.342

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.


Owens-Corning  (NYSE:OC) 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.


Owens-Corning Cyclically Adjusted PB Ratio Related Terms

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


Owens-Corning (Owens-Corning) Business Description

Industry
Traded in Other Exchanges
Address
One Owens Corning Parkway, Toledo, OH, USA, 43659
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.
Executives
Marcio A Sandri officer: President, Composites ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Mari Doerfler officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
W Howard Morris director 1538 STRATHCONA, DETROIT MI 48203
Monaco Nicolas Del officer: President, Insulation ONE OWENS CORNING PKWY, TOLEDO OH 43659
Todd W Fister officer: President, Insulation ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gunner Smith officer: President, Roofing ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paula Russell officer: SVP, Chief HR Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jose Mendez-andino officer: EVP, Chief R&D Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Kelly Schmidt officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Brian Chambers officer: President, Roofing and Asphalt ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Daniel T Smith officer: Sr. VP Organization & Admin OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gina A. Beredo officer: EVP, GC and Secretary C/O OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paul Edward Martin director C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Alfred E Festa director
Kenneth Scott Parks officer: Sr. VP&Chief Financial Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659