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Apollo Commercial Real Estate FinanceARI -0.57%57 Cyclically Adjusted PB Ratio is 0.34 as of Jul. 17, 2026, which is 33% below its 10-year median of 0.51. GuruFocus rates ARI with a GF Score™ of 57/100 and a GF Value™ of $9.44 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 558 REITs companies, Apollo Commercial Real Estate Finance ranks better than 72.04% on this metric.
The historical rank and industry rank for Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio or its related term are showing as below:
ARI'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.51 Max: 0.94
Current: 0.34
During the past years, Apollo Commercial Real Estate Finance's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.26. And the median was 0.51.
ARI's Cyclically Adjusted PB Ratio is ranked better than 72.04% of 558
companies
in the REITs industry
Industry Median: 0.83
vs ARI: 0.34
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.
Apollo Commercial Real Estate Finance's adjusted book value per share data for the three months ended in Mar. 2026 was $13.250. 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 $20.38 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Apollo Commercial Real Estate Finance (NYSE:ARI) 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.
Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Related Terms
Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Historical Data
* 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.
Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Chart
ARI vs ORC, LADR, TWO: Cyclically Adjusted PB Ratio Comparison
For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.
Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio falls into.
Apollo Commercial Real Estate Finance 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.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 0.34 mean?
Apollo Commercial Real Estate Finance (ARI) has a Cyclically Adjusted PB Ratio of 0.34 as of Jul. 17, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Apollo Commercial Real Estate Finance and its competitors. This is 33% below median its historical median of 0.51. Over the past decade, Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.94. According to the industry distribution chart, Apollo Commercial Real Estate Finance ranks #156 out of 558 companies in the REITs industry, placing it in the top 28%.
Is Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio too high?
Apollo Commercial Real Estate Finance's current Cyclically Adjusted PB Ratio of 0.34 is 33% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.94. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Apollo Commercial Real Estate Finance's value of 0.34 is 59% below this industry median. Based on the distribution chart, Apollo Commercial Real Estate Finance ranks #156 out of 558 companies in the REITs industry, which is above the industry midpoint. Overall, Apollo Commercial Real Estate Finance has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio compare to ORC and LADR?
According to the REITs industry distribution chart, Apollo Commercial Real Estate Finance ranks #156 out of 558 companies for Cyclically Adjusted PB Ratio. This puts Apollo Commercial Real Estate Finance in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Apollo Commercial Real Estate Finance's value of 0.34 is 59% below this benchmark. Historically, Apollo Commercial Real Estate Finance's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.94 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.83, Apollo Commercial Real Estate Finance has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.83, based on 558 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apollo Commercial Real Estate Finance's current Cyclically Adjusted PB Ratio of 0.34 is 59% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Apollo Commercial Real Estate Finance and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Commercial Real Estate Finance's current Cyclically Adjusted PB Ratio is 0.34, which is 33% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Commercial Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance (ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.44, compared to a current price of $6.98 — trading 26.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 33% below median its 10-year median of 0.51 and 59% below the REITs industry median of 0.83. Apollo Commercial Real Estate Finance's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Apollo Commercial Real Estate Finance (ARI), the current Cyclically Adjusted PB Ratio is 0.34 as of Jul. 17, 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 Apollo Commercial Real Estate Finance (ARI) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance stock appears to be undervalued.
The current stock price of $6.98 is trading 26.1% below its estimated GF Value™ of $9.44.
GuruFocus considers Apollo Commercial Real Estate Finance to be Modestly Undervalued.
Key valuation signals for ARI:
Cyclically Adjusted PB Ratio: 0.34 (33% below median its 10-year median of 0.51)
GF Value™: $9.44 vs. price of $6.98 (26.1% below fair value)
Industry Position: 59% below the REITs median (#156 of 558)
No single metric tells the full story. See the ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Commercial Real Estate Finance Business Description
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
57GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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