GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Stella-Jones Inc (TSX:SJ) » Definitions » Cyclically Adjusted PB Ratio

Stella-Jones (TSX:SJ) Cyclically Adjusted PB Ratio : 3.77 (As of Jun. 01, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Stella-Jones Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Stella-Jones's current share price is C$81.36. Stella-Jones's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$21.59. Stella-Jones's Cyclically Adjusted PB Ratio for today is 3.77.

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

TSX:SJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 4.35   Max: 9.67
Current: 3.77

During the past years, Stella-Jones's highest Cyclically Adjusted PB Ratio was 9.67. The lowest was 1.86. And the median was 4.35.

TSX:SJ's Cyclically Adjusted PB Ratio is ranked worse than
92.05% of 239 companies
in the Forest Products industry
Industry Median: 0.91 vs TSX:SJ: 3.77

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.

Stella-Jones's adjusted book value per share data for the three months ended in Mar. 2024 was C$30.591. 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 C$21.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stella-Jones Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Stella-Jones'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.

Stella-Jones Cyclically Adjusted PB Ratio Chart

Stella-Jones 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 3.20 3.46 2.55 2.63 3.69

Stella-Jones 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 2.70 3.44 3.19 3.69 3.66

Competitive Comparison of Stella-Jones's Cyclically Adjusted PB Ratio

For the Lumber & Wood Production subindustry, Stella-Jones'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.


Stella-Jones's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Stella-Jones's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Stella-Jones 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.

Stella-Jones's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.36/21.59
=3.77

* 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.

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

For example, Stella-Jones'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)
=30.591/126.2576*126.2576
=30.591

Current CPI (Mar. 2024) = 126.2576.

Stella-Jones Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.907 99.473 11.305
201409 9.570 99.394 12.156
201412 10.040 98.367 12.887
201503 11.061 99.789 13.995
201506 11.451 100.500 14.386
201509 12.468 100.421 15.676
201512 13.213 99.947 16.691
201603 12.964 101.054 16.197
201606 13.549 102.002 16.771
201609 14.283 101.765 17.721
201612 14.811 101.449 18.433
201703 14.955 102.634 18.397
201706 15.253 103.029 18.692
201709 16.044 103.345 19.601
201712 16.088 103.345 19.655
201803 16.661 105.004 20.033
201806 17.508 105.557 20.941
201809 17.853 105.636 21.338
201812 18.499 105.399 22.160
201903 18.432 106.979 21.754
201906 18.770 107.690 22.006
201909 19.328 107.611 22.677
201912 19.091 107.769 22.366
202003 20.511 107.927 23.995
202006 20.774 108.401 24.196
202009 21.392 108.164 24.970
202012 20.744 108.559 24.126
202103 20.966 110.298 24.000
202106 22.210 111.720 25.100
202109 22.811 112.905 25.509
202112 22.705 113.774 25.196
202203 22.952 117.646 24.632
202206 24.631 120.806 25.743
202209 26.462 120.648 27.692
202212 26.338 120.964 27.491
202303 26.797 122.702 27.573
202306 27.574 124.203 28.030
202309 29.363 125.230 29.604
202312 29.050 125.072 29.325
202403 30.591 126.258 30.591

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.


Stella-Jones  (TSX:SJ) 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.


Stella-Jones Cyclically Adjusted PB Ratio Related Terms

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


Stella-Jones (TSX:SJ) Business Description

Traded in Other Exchanges
Address
3100 de la Cote-Vertu Boulevard, Suite 300, Saint-Laurent, QC, CAN, H4R 2J8
Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, of which the majority of its revenue is derived from the United States.
Executives
Eric Vachon Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)