Allied Properties Real Estate Investment Trust (STU:5G8) Cyclically Adjusted Book per Share: €30.13 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:5G8 Allied Properties Real Estate Investment Trust STU:5G8
46 GF Score
Price €6.25
GF Value €9.01
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Allied Properties Real Estate Investment Trust Cyclically Adjusted Book per Share?

Allied Properties Real Estate Investment Trust STU:5G8 +0.56% 46 Cyclically Adjusted Book per Share is €30.13 as of Mar. 2026. GuruFocus rates STU:5G8 with a GF Score™ of 46/100 and a GF Value™ of €9.01 (Possible Value Trap). 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.

Allied Properties Real Estate Investment Trust's adjusted book value per share for the three months ended in Mar. 2026 was €14.090. 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 €30.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Allied Properties Real Estate Investment Trust's average Cyclically Adjusted Book Growth Rate was 0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.60% 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 Allied Properties Real Estate Investment Trust was 13.20% per year. The lowest was 3.00% per year. And the median was 11.60% per year.

As of today (2026-07-17), Allied Properties Real Estate Investment Trust's current stock price is €6.252. Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €30.13. Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allied Properties Real Estate Investment Trust was 1.81. The lowest was 0.18. And the median was 1.09.


Allied Properties Real Estate Investment Trust  (STU:5G8) 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.

Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.252/30.13
=0.21

* 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 Allied Properties Real Estate Investment Trust was 1.81. The lowest was 0.18. And the median was 1.09.


Be Aware

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


Allied Properties Real Estate Investment Trust Cyclically Adjusted Book per Share Related Terms


Allied Properties Real Estate Investment Trust Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Allied Properties Real Estate Investment Trust'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.

Allied Properties Real Estate Investment Trust Cyclically Adjusted Book per Share Chart

Allied Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 31.87 29.73

Allied Properties Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 31.66 30.42 30.08 29.73 30.13

STU:5G8 vs BXP, ARE, VNO: Cyclically Adjusted Book per Share Comparison

For the REIT - Office subindustry, Allied Properties Real Estate Investment Trust'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.


Allied Properties Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Allied Properties Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


STU:5G8
46GF Score
Allied Properties Real Estate Investment Trust STU:5G8
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allied Properties Real Estate Investment Trust 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, Allied Properties Real Estate Investment Trust's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.09/132.2623*132.2623
=14.090

Current CPI (Mar. 2026) = 132.2623.

Allied Properties Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.213 102.002 30.100
201609 23.176 101.765 30.122
201612 25.343 101.449 33.041
201703 25.275 102.634 32.571
201706 24.861 103.029 31.915
201709 25.893 103.345 33.138
201712 25.271 103.345 32.342
201803 24.261 105.004 30.559
201806 25.764 105.557 32.282
201809 27.078 105.636 33.903
201812 27.555 105.399 34.578
201903 28.542 106.979 35.288
201906 29.165 107.690 35.820
201909 30.478 107.611 37.460
201912 31.814 107.769 39.044
202003 31.229 107.927 38.270
202006 31.795 108.401 38.794
202009 30.986 108.164 37.889
202012 31.149 108.559 37.950
202103 32.559 110.298 39.043
202106 33.332 111.720 39.461
202109 33.204 112.905 38.897
202112 34.781 113.774 40.433
202203 33.693 117.646 37.879
202206 34.932 120.806 38.245
202209 35.741 120.648 39.182
202212 32.720 120.964 35.776
202303 31.777 122.702 34.253
202306 34.020 124.203 36.227
202309 33.459 125.230 35.338
202312 30.003 125.072 31.728
202403 29.461 126.258 30.862
202406 29.241 127.522 30.328
202409 27.972 127.285 29.066
202412 26.679 127.364 27.705
202503 24.878 129.181 25.471
202506 23.802 129.892 24.236
202509 22.357 130.287 22.696
202512 17.789 130.366 18.048
202603 14.090 132.262 14.090

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 €30.13 mean?
Allied Properties Real Estate Investment Trust (STU:5G8) has a Cyclically Adjusted Book per Share of €30.13 as of Mar. 2026. 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 Allied Properties Real Estate Investment Trust and its competitors.
Is Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share too high?
Allied Properties Real Estate Investment Trust's current Cyclically Adjusted Book per Share is €30.13. Overall, Allied Properties Real Estate Investment Trust has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share compare to BXP and ARE?
Allied Properties Real Estate Investment Trust's Cyclically Adjusted Book per Share of €30.13 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 Allied Properties Real Estate Investment Trust and its competitors. Allied Properties Real Estate Investment Trust's current Cyclically Adjusted Book per Share is €30.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Allied Properties Real Estate Investment Trust (STU:5G8) is currently considered Possible Value Trap. The stock's GF Value™ is €9.01, compared to a current price of €6.25 — trading 30.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is €30.13. Allied Properties Real Estate Investment Trust's overall GF Score™ is 46/100 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 Allied Properties Real Estate Investment Trust (STU:5G8), the current Cyclically Adjusted Book per Share is €30.13 as of Mar. 2026. 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 Allied Properties Real Estate Investment Trust (STU:5G8) Overvalued in 2026?

Based on GuruFocus' analysis, Allied Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of €6.25 is trading 30.6% below its estimated GF Value™ of €9.01. GuruFocus considers Allied Properties Real Estate Investment Trust to be Possible Value Trap.

Key valuation signals for STU:5G8:

  • Cyclically Adjusted Book per Share: €30.13
  • GF Value™: €9.01 vs. price of €6.25 (30.6% below fair value)
  • GF Score™: 46/100 with 9 warning signs

No single metric tells the full story. See the STU:5G8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Allied Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges APYRF:USAAP.UN:Canada
Address 134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of urban office environments across Canadian cities. Maximum of the total square footage in the company's real estate portfolio is located in Toronto, Calgary, Vancouver and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' maximum tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications / IT and retail properties within its real estate portfolio.
46GF Score

Get the complete analysis for STU:5G8

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

€6.25
Price
€9.01
GF Value