GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Pool Corp (NAS:POOL) » Definitions » Cyclically Adjusted PB Ratio

Pool (POOL) Cyclically Adjusted PB Ratio : 22.73 (As of Apr. 28, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Pool Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Pool's current share price is $371.17. Pool's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $16.33. Pool's Cyclically Adjusted PB Ratio for today is 22.73.

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

POOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.74   Med: 23.39   Max: 63.76
Current: 22.73

During the past years, Pool's highest Cyclically Adjusted PB Ratio was 63.76. The lowest was 8.74. And the median was 23.39.

POOL's Cyclically Adjusted PB Ratio is ranked worse than
100% of 123 companies
in the Industrial Distribution industry
Industry Median: 1.38 vs POOL: 22.73

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.

Pool's adjusted book value per share data for the three months ended in Mar. 2024 was $34.983. 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 $16.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pool Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pool'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.

Pool Cyclically Adjusted PB Ratio Chart

Pool 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 30.80 49.00 58.45 24.02 25.48

Pool 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 25.54 26.30 23.66 25.48 24.71

Competitive Comparison of Pool's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Pool'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.


Pool's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Pool's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pool 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=371.17/16.33
=22.73

* 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.

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

For example, Pool'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)
=34.983/129.4194*129.4194
=34.983

Current CPI (Mar. 2024) = 129.4194.

Pool Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.148 100.560 7.912
201409 5.828 100.428 7.510
201412 5.616 99.070 7.336
201503 5.532 99.621 7.187
201506 6.027 100.684 7.747
201509 6.129 100.392 7.901
201512 5.988 99.792 7.766
201603 4.903 100.470 6.316
201606 6.344 101.688 8.074
201609 6.521 101.861 8.285
201612 4.994 101.863 6.345
201703 5.387 102.862 6.778
201706 7.336 103.349 9.187
201709 5.247 104.136 6.521
201712 5.549 104.011 6.905
201803 6.157 105.290 7.568
201806 7.773 106.317 9.462
201809 9.208 106.507 11.189
201812 5.660 105.998 6.911
201903 5.667 107.251 6.838
201906 8.601 108.070 10.300
201909 10.144 108.329 12.119
201912 10.236 108.420 12.219
202003 8.725 108.902 10.369
202006 12.157 108.767 14.465
202009 14.681 109.815 17.302
202012 15.894 109.897 18.717
202103 16.413 111.754 19.007
202106 21.797 114.631 24.609
202109 24.581 115.734 27.488
202112 26.656 117.630 29.328
202203 29.276 121.301 31.235
202206 31.046 125.017 32.139
202209 30.493 125.227 31.514
202212 31.615 125.222 32.675
202303 32.197 127.348 32.721
202306 37.352 128.729 37.552
202309 36.668 129.860 36.544
202312 34.227 129.419 34.227
202403 34.983 129.419 34.983

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.


Pool  (NAS:POOL) 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.


Pool Cyclically Adjusted PB Ratio Related Terms

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


Pool (POOL) Business Description

Traded in Other Exchanges
Address
109 Northpark Boulevard, Covington, LA, USA, 70433-5001
Pool Corp distributes swimming pool supplies and related products. It sells national-brand and private-label products to approximately 120000 customers. The products include non-discretionary pool-maintenance products, like chemicals and replacement parts, as well as pool equipment, like packaged pools (kits to build swimming pools), cleaners, filters, heaters, pumps, and lights. Customers include pool builders and remodelers, independent retail stores, and pool repair and service companies.
Executives
Kristopher Robert Neff officer: Vice President, Strategy & Cor 429 HAMPTON TERRACE, LIBERTYVILLE IL 60048
Jennifer M Neil officer: Secretary SCP POOL CORPORATION, 109 NORTHPARK BLVD, COVINGTON LA 70433
Walker Saik officer: Corporate Controller 5202 CHESTNUT ST, NEW ORLEANS LA 70115
Ilya Mihaly officer: Vice President - Operations & 10703 BEAGLE RUN PL, TAMPA FL 33626
James D Hope director 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Hart Melanie Housey officer: Chief Accounting Officer POOL CORPORATION, 109 NORTHPARK BLVD, COVINGTON LA 70433
Carlos A. Sabater director 1140 ALFONSO AVENUE, CORAL GABLES FL 33146
Peter D Arvan officer: EXECUTIVE VICE PRESIDENT 2537 ST. JAMES DRIVE, UNIT 507, SOUTHPORT NC 28461
Martha S Gervasi director 610 BOWSPRIT LANE, LONGBOAT KEY FL 34228
Perez De La Mesa Manuel J director, officer: President/CEO
Robert C Sledd director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Mark W Joslin officer: Chief Financial Officer SCP POOL CORPORATION, 109 NORTHPARK BLVD, COVINGTON LA 70433
St Romain Kenneth G officer: Group Vice President POOL CORPORATION, 109 NORTHPARK BLVD, COVINGTON LA 70433
David B. Collier officer: VP OPERATIONS & SUPPLY CHAIN 720 EVENING STAR LN, CASTLE ROCK CO 80108
Arthur D Cook officer: Vice President

Pool (POOL) Headlines

From GuruFocus

Q3 2020 Pool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Pool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Pool Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q1 2020 Pool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Pool Corp Investor Day Transcript

By GuruFocus Research 01-23-2024

Q1 2019 Pool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2022 Pool Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024