Amrep (AXR) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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.

AXR Amrep Corp AXR
74 GF Score
Price $23.26
GF Value $23.12
Valuation Fairly Valued
! 2 Warning Signs
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What is Amrep Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amrep  (NYSE:AXR) 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.


Amrep Cyclically Adjusted PB Ratio Related Terms


Amrep Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amrep's Cyclically Adjusted PB Ratio 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.

Amrep Cyclically Adjusted PB Ratio Chart

Amrep Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.98 1.32 1.36 0.00

Amrep Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PB Ratio 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 1.36 1.31 1.24 1.18 0.00

AXR vs SDHC, LPA, OZ: Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Development subindustry, Amrep'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.


Amrep Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Amrep's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Amrep's Cyclically Adjusted PB Ratio falls into.


AXR
74GF Score
Amrep Corp AXR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Amrep 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.

Amrep's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Amrep's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=25.967/333.0200*333.0200
=25.967

Current CPI (Apr. 2026) = 333.0200.

Amrep Quarterly Data

Book Value per Share CPI Adj_Book
201607 10.350 240.628 14.324
201610 10.359 241.729 14.271
201701 10.386 242.839 14.243
201704 10.502 244.524 14.303
201707 10.676 244.786 14.524
201710 10.706 246.663 14.454
201801 10.447 247.867 14.036
201804 10.758 250.546 14.299
201807 10.708 252.006 14.150
201810 10.798 252.885 14.220
201901 10.823 251.712 14.319
201904 11.054 255.548 14.405
201907 11.044 256.571 14.335
201910 11.041 257.346 14.288
202001 11.104 257.971 14.334
202004 10.407 256.389 13.518
202007 10.484 259.101 13.475
202010 10.985 260.388 14.049
202101 11.390 261.582 14.501
202104 12.138 267.054 15.136
202107 12.369 273.003 15.088
202110 12.832 276.589 15.450
202201 12.980 281.148 15.375
202204 15.871 289.109 18.282
202207 16.235 296.276 18.248
202210 16.941 298.012 18.931
202301 20.434 299.170 22.746
202304 21.123 303.363 23.188
202307 21.316 305.691 23.222
202310 21.541 307.671 23.316
202401 21.587 308.417 23.309
202404 22.396 313.548 23.787
202407 23.108 314.540 24.466
202410 23.657 315.664 24.958
202501 23.828 317.671 24.979
202504 24.581 320.795 25.518
202507 25.392 323.048 26.176
202510 25.641 0.000
202601 26.273 325.252 26.900
202604 25.967 333.020 25.967

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

Is Amrep (AXR) Overvalued in 2026?

Based on GuruFocus' analysis, Amrep stock appears to be overvalued. The current stock price of $23.26 is trading 0.6% above its estimated GF Value™ of $23.12. GuruFocus considers Amrep to be Fairly Valued.

Key valuation signals for AXR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $23.12 vs. price of $23.26 (0.6% above fair value)
  • GF Score™: 74/100 with 2 warning signs

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


Amrep Business Description

Address 850 West Chester Pike, Suite 205, Havertown, PA, USA, 19083
Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve obtaining approvals and selling both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. The Company accounts for land sales, home sales, and other revenues. Its operating segments include Land development and Homebuilding. The firm generates a majority of its revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States.
74GF Score

Get the complete analysis for AXR

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

$23.26
Price
$23.12
GF Value