Charter Hall Retail REIT (ASX:CQR) Cyclically Adjusted Book per Share: A$4.97 (As of Dec. 2025)


ASX:CQR Charter Hall Retail REIT ASX:CQR
82 GF Score
Price A$3.85
GF Value A$4.50
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Charter Hall Retail REIT Cyclically Adjusted Book per Share?

Charter Hall Retail REIT ASX:CQR 82 Cyclically Adjusted Book per Share is A$4.97 as of Dec. 2025. GuruFocus rates ASX:CQR with a GF Score™ of 82/100 and a GF Value™ of A$4.50 (Modestly Undervalued). The stock has 9 warning signs investors should review.

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.

Charter Hall Retail REIT's adjusted book value per share data for the fiscal year that ended in Jun. 2025 was A$4.635. 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 A$4.97 for the trailing ten years ended in Jun. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.10% 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 Charter Hall Retail REIT was 7.30% per year. The lowest was -13.00% per year. And the median was -2.70% per year.

As of today (2026-07-03), Charter Hall Retail REIT's current stock price is A$ 3.85. Charter Hall Retail REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2025 was A$4.97. Charter Hall Retail REIT's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charter Hall Retail REIT was 1.23. The lowest was 0.65. And the median was 0.86.


Charter Hall Retail REIT  (ASX:CQR) 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.

Charter Hall Retail REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.85/4.97
=0.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charter Hall Retail REIT was 1.23. The lowest was 0.65. And the median was 0.86.


Be Aware

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


Charter Hall Retail REIT Cyclically Adjusted Book per Share Related Terms


Charter Hall Retail REIT Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Charter Hall Retail REIT'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.

Charter Hall Retail REIT Cyclically Adjusted Book per Share Chart

Charter Hall Retail REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 4.39 4.70 4.88 4.97

Charter Hall Retail REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 4.88 0.00 4.97 0.00

ASX:CQR vs SPG, O, KIM: Cyclically Adjusted Book per Share Comparison

For the REIT - Retail subindustry, Charter Hall Retail REIT'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.


Charter Hall Retail REIT Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Charter Hall Retail REIT's Cyclically Adjusted PB Ratio falls into.


ASX:CQR
82GF Score
Charter Hall Retail REIT ASX:CQR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Charter Hall Retail REIT 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, Charter Hall Retail REIT's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2025 was:

Adj_Book=Book Value per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=4.635/131.5506*131.5506
=4.635

Current CPI (Jun. 2025) = 131.5506.

Charter Hall Retail REIT Annual Data

Book Value per Share CPI Adj_Book
201606 3.790 0.000
201706 4.127 0.000
201806 4.215 0.000
201906 4.084 0.000
202006 3.752 0.000
202106 4.014 0.000
202206 4.911 0.000
202306 4.729 0.000
202406 4.505 0.000
202506 4.635 131.551 4.635

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

What does a Cyclically Adjusted Book per Share of A$4.97 mean?
Charter Hall Retail REIT (ASX:CQR) has a Cyclically Adjusted Book per Share of A$4.97 as of Dec. 2025. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Charter Hall Retail REIT and its competitors.
Is Charter Hall Retail REIT's Cyclically Adjusted Book per Share too high?
Charter Hall Retail REIT's current Cyclically Adjusted Book per Share is A$4.97. Overall, Charter Hall Retail REIT has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Charter Hall Retail REIT's Cyclically Adjusted Book per Share compare to SPG and O?
Charter Hall Retail REIT's Cyclically Adjusted Book per Share of A$4.97 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Charter Hall Retail REIT and its competitors. Charter Hall Retail REIT's current Cyclically Adjusted Book per Share is A$4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charter Hall Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, Charter Hall Retail REIT (ASX:CQR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$4.50, compared to a current price of A$3.85 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is A$4.97. Charter Hall Retail REIT's overall GF Score™ is 82/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Charter Hall Retail REIT (ASX:CQR), the current Cyclically Adjusted Book per Share is A$4.97 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Charter Hall Retail REIT (ASX:CQR) Overvalued in 2026?

Based on GuruFocus' analysis, Charter Hall Retail REIT stock appears to be undervalued. The current stock price of A$3.85 is trading 14.4% below its estimated GF Value™ of A$4.50. GuruFocus considers Charter Hall Retail REIT to be Modestly Undervalued.

Key valuation signals for ASX:CQR:

  • Cyclically Adjusted Book per Share: A$4.97
  • GF Value™: A$4.50 vs. price of A$3.85 (14.4% below fair value)
  • GF Score™: 82/100 with 9 warning signs

No single metric tells the full story. See the ASX:CQR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Charter Hall Retail REIT Business Description

Industry Real EstateREITs
Other Exchanges MQV:Germany
Address No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Retail REIT specializes in leasing out convenience-focused assets that offer everyday goods and services. Half of the property book consist of neighborhood and small regional shopping centers, which are predominantly anchored by supermarkets. Anchor tenants typically pay a base rent plus a percentage of their sale turnover. The rest of the portfolio is net lease retail, including service stations, pubs, and liquor shops. Net leases rent growth is typically linked to inflation and tenants pay most outgoings. Charter Hall Retail REIT is a listed investment vehicle managed by Charter Hall Group. The group receives fees from Charter Hall Retail, in exchange for property, leasing, investment, and development management services, and retains a minority interest in the REIT.
82GF Score

Get the complete analysis for ASX:CQR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$3.85
Price
A$4.50
GF Value