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PotlatchDeltic (PotlatchDeltic) Cyclically Adjusted Book per Share : $17.52 (As of Dec. 2023)


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What is PotlatchDeltic Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

PotlatchDeltic's adjusted book value per share for the three months ended in Dec. 2023 was $27.356. 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 $17.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PotlatchDeltic's average Cyclically Adjusted Book Growth Rate was 18.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 23.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 22.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PotlatchDeltic was 23.90% per year. The lowest was -18.10% per year. And the median was -3.90% per year.

As of today (2024-04-28), PotlatchDeltic's current stock price is $41.05. PotlatchDeltic's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.52. PotlatchDeltic's Cyclically Adjusted PB Ratio of today is 2.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PotlatchDeltic was 9.52. The lowest was 2.34. And the median was 4.45.


PotlatchDeltic Cyclically Adjusted Book per Share Historical Data

The historical data trend for PotlatchDeltic's Cyclically Adjusted Book per Share 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.

PotlatchDeltic Cyclically Adjusted Book per Share Chart

PotlatchDeltic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.94 9.22 11.70 14.78 17.52

PotlatchDeltic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 14.78 15.61 16.35 17.06 17.52

Competitive Comparison of PotlatchDeltic's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, PotlatchDeltic'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.


PotlatchDeltic's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PotlatchDeltic's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PotlatchDeltic Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PotlatchDeltic'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)
=27.356/129.4194*129.4194
=27.356

Current CPI (Dec. 2023) = 129.4194.

PotlatchDeltic Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.206 99.695 6.758
201406 5.527 100.560 7.113
201409 6.054 100.428 7.802
201412 5.543 99.070 7.241
201503 5.335 99.621 6.931
201506 5.047 100.684 6.487
201509 5.286 100.392 6.814
201512 5.008 99.792 6.495
201603 4.681 100.470 6.030
201606 3.469 101.688 4.415
201609 3.844 101.861 4.884
201612 3.857 101.863 4.900
201703 3.922 102.862 4.935
201706 4.194 103.349 5.252
201709 4.708 104.136 5.851
201712 4.938 104.011 6.144
201803 21.280 105.290 26.157
201806 21.686 106.317 26.398
201809 18.789 106.507 22.831
201812 19.458 105.998 23.757
201903 18.914 107.251 22.824
201906 18.546 108.070 22.210
201909 18.383 108.329 21.962
201912 18.251 108.420 21.786
202003 17.171 108.902 20.406
202006 16.831 108.767 20.027
202009 17.886 109.815 21.079
202012 19.513 109.897 22.979
202103 22.039 111.754 25.523
202106 24.040 114.631 27.141
202109 24.741 115.734 27.667
202112 22.097 117.630 24.312
202203 24.681 121.301 26.333
202206 26.610 125.017 27.547
202209 29.779 125.227 30.776
202212 28.402 125.222 29.354
202303 27.883 127.348 28.337
202306 27.946 128.729 28.096
202309 28.119 129.860 28.024
202312 27.356 129.419 27.356

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


PotlatchDeltic  (NAS:PCH) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

PotlatchDeltic's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.05/17.52
=2.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PotlatchDeltic was 9.52. The lowest was 2.34. And the median was 4.45.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


PotlatchDeltic Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of PotlatchDeltic's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PotlatchDeltic (PotlatchDeltic) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PotlatchDeltic Corp (NAS:PCH) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
601 West 1st Avenue, Suite 1600, Spokane, WA, USA, 99201
PotlatchDeltic Corp is a REIT that owns and manages forestland in Alabama, Arkansas, Idaho, Minnesota, and Mississippi. Potlach operates in three segments. The timberlands segment covers the planting and harvesting of trees, as well as the construction and maintenance of roads. The wood products segment manufactures and distributes lumber, plywood, and other wood products. The real estate segment covers the sales generated from company-owned timberlands, as well as commercial and residential properties. The timberlands and the wood product segments combined drive the majority of the company's revenue.
Executives
Glen F Smith officer: Chief Accounting Officer 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Michael J Covey director, officer: CHAIRMAN, PRESIDENT & CEO C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Jerald W Richards officer: VP, Chief Financial Officer C/O POTLATCHDELTIC CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Robert L. Schwartz officer: VP, Human Resources 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Wayne Wasechek officer: Controller C/O POTLATCHDELTIC CORPORATION, 601 WEST FIRST AVE SUITE 1600, SPOKANE WA 99201
Michele Lynn Tyler officer: VP, GC Corp Sec 601 W FIRST AVE, SUITE 1600, SPOKANE WA 99201
William R Dereu officer: VICE PRESIDENT C/O POTLATCHDELTIC CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Eric J Cremers officer: VICE PRESIDENT C/O POTLATCH CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Darin Robert Ball officer: VP of Resource 601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
James M Decosmo director 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328
Anna E. Torma officer: VP,Public Affairs/ESG Officer 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Anne L. Alonzo director 601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Ashlee Townsend Cribb officer: VP, Wood Products 600 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Thomas J. Temple officer: Vice President C/O POTLATCH CORPORATION, 601 W. FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Larry Peiros director 1221BROADWAY, OAKLAND CA 94612