Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
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Historical Valuation Ratios (Summary)
Builders FirstSource Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Price to Earnings (P/E) Ratio
- The price to earnings ratio exhibits a clear pattern of fluctuation over the observed periods. Initially absent, P/E values start at 7.89 in March 2019 and increase gradually, peaking at 28.49 in March 2021. Following this peak, the ratio declines steadily through December 2022, reaching a low of 3.19. Subsequently, it shows a moderate recovery, rising to 9.99 by September 2023 before slightly decreasing to 9.2 in the last observed period. This pattern suggests a phase of heightened investor optimism in early 2021, followed by reduced valuation levels during the subsequent two years, then some renewed confidence towards late 2023.
- Price to Operating Profit (P/OP) Ratio
- Similar to the P/E ratio, the price to operating profit ratio reveals notable volatility. Starting from 4.39 in March 2019, it climbs steadily to its highest value of 16.42 in March 2021, indicating increased market valuation relative to operating profit. Following this apex, the ratio declines significantly, hitting a trough of 2.32 in September 2022. Thereafter, there is a moderate uptrend, with the ratio reaching 7.19 in September 2023 before slightly falling to 6.55. These movements align with those of the P/E ratio, suggesting corresponding cycles in profit-related valuation metrics.
- Price to Sales (P/S) Ratio
- The price to sales ratio demonstrates a progressive increase starting at 0.21 in March 2019, surging to an all-time high of 1.04 in March 2021. This peak reflects strong market valuation against sales revenue. Following this, the ratio decreases steadily to 0.39 in September 2022 and then experiences a rebound, reaching 1.00 by September 2023, with a slight reduction to 0.84 thereafter. The pattern indicates fluctuations in revenue valuation but a general tendency for higher market valuation relative to sales during early 2021 and late 2023.
- Price to Book Value (P/BV) Ratio
- The price to book value ratio is documented from March 2018, showing an initial decreasing trend from 5.46 to 2.71 by December 2018. It then increases modestly to 3.76 by December 2019. Subsequently, the ratio fluctuates with a sharp peak at 7.75 in December 2020, followed by a decrease to a low of 1.72 in September 2022. After this trough, a gradual increase is observed, reaching 4.28 in September 2023 and decreasing to 3.16 in the last period. The data indicates cycles of changing investor valuation relative to company book value, with pronounced volatility around 2020-2021 and recovery in 2023.
Price to Earnings (P/E)
Builders FirstSource Inc., historical P/E calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Net income (in thousands) | ||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
EPS
= (Net incomeQ3 2023
+ Net incomeQ2 2023
+ Net incomeQ1 2023
+ Net incomeQ4 2022)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Builders FirstSource Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The financial data indicates distinct trends in the key market valuation and profitability metrics over the observed quarters.
- Share Price (US$)
- The share price exhibited a generally upward trajectory from early 2018 to late 2021, rising from approximately $19 to over $73. Significant growth phases are noted particularly between mid-2020 and the end of 2021, where the price surged from around $23.69 to $73.05. However, from 2022 onward, the share price showed increased volatility. After peaking near $84.78 in the first quarter of 2023, the price later declined to approximately $117.47 by the third quarter of 2023, reflecting fluctuations amid a generally elevated price level compared to earlier years.
- Earnings per Share (EPS) (US$)
- Data from early 2019 reveals a steady increase in EPS, starting at $1.78 and rising progressively to a peak of $19.92 in the third quarter of 2022. This growth points toward strong profitability improvements during this period. After the peak, EPS declined somewhat but maintained elevated levels near $12.76 by late 2023. The trend suggests meaningful operational performance gains initially, with some normalization or pressure on earnings following the peak.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio started at moderate levels around 7.89 in early 2019, fluctuating and rising to a high of 28.49 by the first quarter of 2021. This increase implies heightened market expectations or elevated valuations relative to earnings during that interval. Post-2021, the P/E ratio declined significantly, reaching lows near 3.19 to 5.64 through 2022 and early 2023, indicating that share prices became relatively more attractive given earnings or that earnings growth outpaced price appreciation. More recently, P/E ratios increased again towards 9.99 and 9.20 by late 2023, suggesting some correction or revaluation in market expectations.
Overall, the data demonstrates a period of robust earnings growth and share price appreciation through most of the observed timeline. The P/E dynamics reflect phases of expanded valuation multiples followed by contraction, aligning with the earnings and price fluctuations. The recent volatility in share price and EPS decline after peak levels may indicate transitional challenges or broader market factors influencing valuation and profitability.
Price to Operating Profit (P/OP)
Builders FirstSource Inc., historical P/OP calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Income from operations (in thousands) | ||||||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Operating profit per share
= (Income from operationsQ3 2023
+ Income from operationsQ2 2023
+ Income from operationsQ1 2023
+ Income from operationsQ4 2022)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Builders FirstSource Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The data reveals several notable trends in the share price, operating profit per share, and the price-to-operating profit (P/OP) ratio over the examined periods.
- Share Price
- The share price shows considerable volatility across the years. Initially, it decreased from $19.11 in March 2018 to a low of $14.03 by December 2018, followed by a steady recovery and growth through 2019, reaching $26.69 in December. In 2020, there was some fluctuation, with a decline to $17.24 by March overshadowed by subsequent growth to $43.27 by December 2020. This upward trend continued markedly in 2021, peaking at $73.05 in December. The price remained volatile in 2022 and 2023, with a decline and recovery pattern, reaching a peak of $148.64 in June 2023 before dropping to $117.47 in September 2023. Overall, the share price displayed strong growth momentum from early 2020 until mid-2023, albeit with periods of correction.
- Operating Profit Per Share (OPPS)
- Operating profit per share data starts from March 2019. It shows a gradual upward trend from $3.20 in March 2019 to $3.52 in December 2019, followed by a slight decline and stabilization around the $3.27 to $3.47 range throughout 2020. A marked improvement is observed in 2021, with OPPS nearly doubling, reaching $10.34 by December 2021. This positive momentum continued strongly into 2022 and the first half of 2023, with OPPS climbing to its peak at $27.32 in September 2022 before a slight decline to $20.67 and $17.93 in March and June 2023 respectively. This indicates an overall significant enhancement in operational profitability over the period with slight tapering in mid-2023.
- Price-to-Operating Profit (P/OP) Ratio
- The P/OP ratio begins appearing from March 2019. Initially relatively low at 4.39, it rises to a peak of 16.42 in March 2021, indicating an increasing market valuation relative to operating profit. Subsequently, the ratio declines steadily through 2021 and 2022, reaching a low of 2.32 in September 2022, reflecting either improving profitability or more moderate price growth. In 2023, the ratio increases again, peaking at 7.19 in June before easing to 6.55 in September. These fluctuations suggest varying market sentiment and valuation metrics relative to the operating profit over time.
In summary, the data depicts a company that experienced early volatility in its share price but strong growth from 2020 through mid-2023, supported by significant improvements in operating profit per share. The price-to-operating profit ratios show periods of high valuation levels followed by normalization, pointing to evolving investor expectations and operational results throughout the span analyzed.
Price to Sales (P/S)
Builders FirstSource Inc., historical P/S calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Net sales (in thousands) | ||||||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Sales per share
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Builders FirstSource Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited notable volatility over the analyzed periods. From early 2018 through 2019, the price fluctuated moderately, initially declining from 19.11 US$ to a low of 14.03 US$ in December 2018, followed by an upward trend reaching 26.69 US$ by the end of 2019. In 2020, the share price experienced significant growth, rising from 17.24 US$ in March to a peak of 43.27 US$ by December. This growth intensified in 2021, with the share price increasing consistently to a high of 73.05 US$ in December. During 2022, the price showed increased volatility, with values fluctuating between approximately 60.91 US$ and 73.34 US$. In 2023, the upward momentum resumed sharply, reaching the highest observed value of 148.64 US$ in June, before retreating to 117.47 US$ in September, indicating some recent correction or profit-taking activity.
- Sales Per Share Development
- Sales per share data is available starting in March 2019, where values began around 66.96 US$ and remained relatively stable through 2019, slightly declining to 63.33 US$ by December. During 2020, sales per share were consistent in the low to mid-60 US$ range, with a slight upward trend toward year-end. A significant increase is evident from early 2021, where sales per share rose sharply from 41.46 US$ in March to a peak of 92.9 US$ in December 2021. This upward trajectory continued robustly into 2022, with sales reaching as high as 156.3 US$ by March and slightly higher figures through the remainder of 2022. The data for 2023 shows the highest sales per share levels observed to date, peaking at 164.67 US$ in June before a minor decline to 148.21 US$ in September. The steady increase in sales per share over multiple years indicates strong growth in revenue generation efficiency relative to the number of shares outstanding.
- Price-to-Sales (P/S) Ratio Insights
- The P/S ratio demonstrates significant variation over time, reflecting the interplay between share price and sales per share. Early in the dataset, P/S ratios during 2019 remained relatively low, ranging from 0.21 to 0.43, indicating a conservative valuation relative to sales. In 2020, this ratio exhibited a marked increase, reaching a peak of 1.04 in March 2021, suggesting that the market price substantially outpaced sales growth at that time, possibly reflecting heightened investor optimism or expectations of future earnings. Following this peak, the P/S ratio declined but remained elevated compared to earlier years, fluctuating between approximately 0.39 and 1.0 through 2022 and 2023. The highest P/S ratio in mid-2023 (1.0) aligns with the highest share prices and sales per share values, indicating that despite strong revenue performance, valuations maintained a premium level accordingly. The overall pattern suggests that the market has increasingly valued the company's sales, though with intermittent corrections in valuation multiples.
- Overall Analysis
- The consolidated data reveals a company exhibiting strong sales growth, particularly evident from 2021 onward, which has generally been accompanied by a rising share price. The share price volatility demonstrates responsiveness to market conditions and possibly external factors affecting the industry or company outlook. The price-to-sales ratio's fluctuations correspond with shifts in investor sentiment and valuation expectations. While sales per share have consistently increased, the market has sometimes adjusted its valuation multiples considerably, reflecting changing perceptions of future growth and profitability prospects. The recent peak in share price and sales per share in mid-2023 suggests continued strong operational performance, though the subsequent price correction may indicate cautious investor positioning or short-term market dynamics.
Price to Book Value (P/BV)
Builders FirstSource Inc., historical P/BV calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Stockholders’ equity (in thousands) | ||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Builders FirstSource Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several key trends in the share price, book value per share (BVPS), and the price-to-book value ratio (P/BV) over the reported periods.
- Share Price
- The share price demonstrated notable volatility over the time frame. Initially, it declined from $19.11 in March 2018 to a low of $14.03 in December 2018. Following this period, a generally upward trend emerged, with significant appreciation seen throughout 2020 and 2021, reaching a peak of $73.05 in December 2021. The price then showed fluctuations, descending to a low of $60.91 by December 2022 before rebounding strongly to $148.64 in September 2023. This sharp rise towards the later periods indicates increased investor confidence or positive market developments.
- Book Value Per Share (BVPS)
- BVPS exhibited a consistent upward trajectory for most of the periods, reflecting a growth in net asset value per share. From $3.50 in March 2018, BVPS steadily increased to $8.63 by September 2020. There was, however, a noticeable dip to $5.58 in December 2020. After this temporary decline, the book value rebounded and surged significantly from $24.06 in March 2021 to a peak of $37.14 in September 2023. This growth in BVPS implies improvements in the company's underlying equity base and potentially enhanced asset quality or retained earnings accumulation.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio fluctuated considerably, reflecting the interplay between market valuation and book value changes. Initially high at 5.46 in March 2018, the ratio decreased to a low of 1.72 in September 2022, indicating periods where the market price was closer to or below the book value, possibly signaling undervaluation relative to assets. Notable spikes, such as the peak of 7.75 in December 2020, correspond to times when the market price surged disproportionately compared to book value. The ratio settled at 3.16 by September 2023, suggesting a moderate premium of market price over book value at the latest data point.
Overall, the data indicates strong growth in the company's book value and share price over the medium to long term, despite some intermittent volatility. The expansion of BVPS indicates underlying asset growth, while the share price fluctuations and P/BV ratio variability suggest shifting market perceptions and valuation dynamics across the periods analyzed.