Menivim - The New Reit (XTAE:MNRT) Cyclically Adjusted Book per Share: ₪2.42 (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.

XTAE:MNRT Menivim - The New Reit Ltd XTAE:MNRT
86 GF Score
Price ₪1.90
GF Value ₪2.21
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Menivim - The New Reit Cyclically Adjusted Book per Share?

Menivim - The New Reit XTAE:MNRT -0.05% 86 Cyclically Adjusted Book per Share is ₪2.42 as of Mar. 2026. GuruFocus rates XTAE:MNRT with a GF Score™ of 86/100 and a GF Value™ of ₪2.21 (Modestly Undervalued). The stock has 2 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.

Menivim - The New Reit's adjusted book value per share for the three months ended in Mar. 2026 was ₪2.371. 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 ₪2.42 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-08-02), Menivim - The New Reit's current stock price is ₪1.898. Menivim - The New Reit's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₪2.42. Menivim - The New Reit's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Menivim - The New Reit was 0.95. The lowest was 0.76. And the median was 0.85.


Menivim - The New Reit  (XTAE:MNRT) 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.

Menivim - The New Reit's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.898/2.42
=0.78

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Menivim - The New Reit was 0.95. The lowest was 0.76. And the median was 0.85.


Be Aware

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


Menivim - The New Reit Cyclically Adjusted Book per Share Related Terms


Menivim - The New Reit Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Menivim - The New 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.

Menivim - The New Reit Cyclically Adjusted Book per Share Chart

Menivim - The New Reit 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 0.00 0.00

Menivim - The New Reit 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 0.00 0.00 0.00 0.00 2.42

XTAE:MNRT vs VICI, WPC, BNL: Cyclically Adjusted Book per Share Comparison

For the REIT - Diversified subindustry, Menivim - The New 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.


Menivim - The New Reit Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Menivim - The New Reit's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Menivim - The New Reit's Cyclically Adjusted PB Ratio falls into.


XTAE:MNRT
86GF Score
Menivim - The New Reit Ltd XTAE:MNRT
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Menivim - The New 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, Menivim - The New Reit'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)
=2.371/330.2130*330.2130
=2.371

Current CPI (Mar. 2026) = 330.2130.

Menivim - The New Reit Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 1.608 241.432 2.199
201703 0.000 243.801 0.000
201706 1.906 244.955 2.569
201709 2.010 246.819 2.689
201712 2.056 246.524 2.754
201803 1.981 249.554 2.621
201806 1.923 251.989 2.520
201809 1.817 252.439 2.377
201812 1.848 251.233 2.429
201903 1.786 254.202 2.320
201906 1.822 256.143 2.349
201909 1.792 256.759 2.305
201912 1.948 256.974 2.503
202003 1.958 258.115 2.505
202006 2.120 257.797 2.716
202009 1.780 260.280 2.258
202012 1.946 260.474 2.467
202103 1.922 264.877 2.396
202106 1.957 271.696 2.378
202109 1.931 274.310 2.325
202112 2.104 278.802 2.492
202203 2.064 287.504 2.371
202206 2.085 296.311 2.324
202209 2.099 296.808 2.335
202212 2.205 296.797 2.453
202303 2.195 301.836 2.401
202306 2.224 305.109 2.407
202309 2.232 307.789 2.395
202312 2.294 306.746 2.469
202403 2.133 312.332 2.255
202406 2.255 314.175 2.370
202409 2.222 315.301 2.327
202412 2.301 315.605 2.408
202503 2.298 319.799 2.373
202506 2.215 322.561 2.268
202509 2.319 324.800 2.358
202512 2.372 324.054 2.417
202603 2.371 330.213 2.371

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 ₪2.42 mean?
Menivim - The New Reit (XTAE:MNRT) has a Cyclically Adjusted Book per Share of ₪2.42 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 Menivim - The New Reit and its competitors.
Is Menivim - The New Reit's Cyclically Adjusted Book per Share too high?
Menivim - The New Reit's current Cyclically Adjusted Book per Share is ₪2.42. Overall, Menivim - The New Reit has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Menivim - The New Reit's Cyclically Adjusted Book per Share compare to VICI and WPC?
Menivim - The New Reit's Cyclically Adjusted Book per Share of ₪2.42 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 Menivim - The New Reit and its competitors. Menivim - The New Reit's current Cyclically Adjusted Book per Share is ₪2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Menivim - The New Reit stock overvalued right now?
Based on GuruFocus' analysis, Menivim - The New Reit (XTAE:MNRT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₪2.21, compared to a current price of ₪1.90 — trading 14.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₪2.42. Menivim - The New Reit's overall GF Score™ is 86/100 with 2 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 Menivim - The New Reit (XTAE:MNRT), the current Cyclically Adjusted Book per Share is ₪2.42 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 Menivim - The New Reit (XTAE:MNRT) Overvalued in 2026?

Based on GuruFocus' analysis, Menivim - The New Reit stock appears to be undervalued. The current stock price of ₪1.90 is trading 14.1% below its estimated GF Value™ of ₪2.21. GuruFocus considers Menivim - The New Reit to be Modestly Undervalued.

Key valuation signals for XTAE:MNRT:

  • Cyclically Adjusted Book per Share: ₪2.42
  • GF Value™: ₪2.21 vs. price of ₪1.90 (14.1% below fair value)
  • GF Score™: 86/100 with 2 warning signs

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


Menivim - The New Reit Business Description

Industry Real EstateREITs
Address 2 Ha\'eshel Street, Caesarea, ISR
Menivim - The New Reit Ltd Is a Real Estate Investment Trust. Its properties include Beit Carmelim, Malam house, Logisticare and Centro Compound. Its rental properties are in the areas of offices, logistics and commerce in Israel. It owns and manages income-producing real estate assets.
86GF Score

Get the complete analysis for XTAE:MNRT

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

₪1.90
Price
₪2.21
GF Value