CHCI (Comstock Holding Co) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

CHCI Comstock Holding Co Inc CHCI
75 GF Score
Price $20.90
GF Value $14.46
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Comstock Holding Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Comstock Holding Co  (NAS:CHCI) 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.


Comstock Holding Co Cyclically Adjusted PB Ratio Related Terms


Comstock Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Comstock Holding Co'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.

Comstock Holding Co Cyclically Adjusted PB Ratio Chart

Comstock Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 2.15 2.79 3.89 4.38

Comstock Holding Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.10 6.65 5.21 7.79 5.99

CHCI vs NEN, ARL, DOUG: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Comstock Holding Co'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.


Comstock Holding Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


CHCI
75GF Score
Comstock Holding Co Inc CHCI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Comstock Holding Co 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.

Comstock Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Comstock Holding Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.899/333.9520*333.9520
=7.899

Current CPI (Jun. 2026) = 333.9520.

Comstock Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.413 241.428 0.571
201612 2.124 241.432 2.938
201703 1.575 243.801 2.157
201706 1.171 244.955 1.596
201709 0.766 246.819 1.036
201712 0.632 246.524 0.856
201803 0.478 249.554 0.640
201806 1.078 251.989 1.429
201809 0.114 252.439 0.151
201812 -0.359 251.233 -0.477
201903 -0.025 254.202 -0.033
201906 0.031 256.143 0.040
201909 0.057 256.759 0.074
201912 0.199 256.974 0.259
202003 0.222 258.115 0.287
202006 0.391 257.797 0.507
202009 0.466 260.280 0.598
202012 0.550 260.474 0.705
202103 0.573 264.877 0.722
202106 1.947 271.696 2.393
202109 2.320 274.310 2.824
202112 2.250 278.802 2.695
202203 2.405 287.504 2.794
202206 2.504 296.311 2.822
202209 2.888 296.808 3.249
202212 3.046 296.797 3.427
202303 3.075 301.836 3.402
202306 3.131 305.109 3.427
202309 3.642 307.789 3.952
202312 3.853 306.746 4.195
202403 3.860 312.332 4.127
202406 3.981 314.175 4.232
202409 4.221 315.301 4.471
202412 5.285 315.605 5.592
202503 5.335 319.799 5.571
202506 5.507 322.561 5.701
202509 5.578 324.800 5.735
202512 6.933 324.054 7.145
202603 7.000 330.213 7.079
202606 7.899 333.952 7.899

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 Comstock Holding Co (CHCI) Overvalued in 2026?

Based on GuruFocus' analysis, Comstock Holding Co stock appears to be overvalued. The current stock price of $20.90 is trading 44.5% above its estimated GF Value™ of $14.46. GuruFocus considers Comstock Holding Co to be Significantly Overvalued.

Key valuation signals for CHCI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $14.46 vs. price of $20.90 (44.5% above fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Comstock Holding Co Business Description

Other Exchanges CHO1:Germany
Address 1900 Reston Metro Plaza, 10th Floor, Reston, VA, USA, 20190
Comstock Holding Co Inc is a developer and manager of mixed-use and transit-oriented properties with operations that are majorly focused on the Washington, D.C. metropolitan area. It provides a range of services such as asset management, property management, development and construction management, and other real estate-related services to its asset-owning clients, composed predominantly of institutional real estate investors, high net worth family offices, financial institutions, and governmental bodies seeking to enhance their surrounding communities by developing real estate through public-private partnerships.
75GF Score

Get the complete analysis for CHCI

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

$20.90
Price
$14.46
GF Value