NewRiver REIT (CHIX:NRRL) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: 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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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.

CHIX:NRRL NewRiver REIT PLC CHIX:NRRL
44 GF Score
Price £0.77
GF Value £0.83
Valuation Fairly Valued
! 6 Warning Signs
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What is NewRiver REIT Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NewRiver REIT  (CHIX:NRRl) 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.


NewRiver REIT Cyclically Adjusted PB Ratio Related Terms


NewRiver REIT Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for NewRiver REIT'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.

NewRiver REIT Cyclically Adjusted PB Ratio Chart

NewRiver REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.29 0.30 0.28 0.31

NewRiver REIT Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.30 0.31 0.28 0.30 0.30

CHIX:NRRL vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, NewRiver 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.


NewRiver REIT Cyclically Adjusted PB Ratio vs REITs Industry

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

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


CHIX:NRRL
44GF Score
NewRiver REIT PLC CHIX:NRRL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NewRiver REIT 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.

NewRiver REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, NewRiver REIT's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1.062/140.8000*140.8000
=1.062

Current CPI (Mar26) = 140.8000.

NewRiver REIT Annual Data

Book Value per Share CPI Adj_Book
201703 2.903 102.700 3.980
201803 2.946 105.100 3.947
201903 2.612 107.000 3.437
202003 1.994 108.600 2.585
202103 1.503 109.700 1.929
202203 1.344 116.500 1.624
202303 1.219 126.800 1.354
202403 1.163 131.600 1.244
202503 1.031 136.100 1.067
202603 1.062 140.800 1.062

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 NewRiver REIT (CHIX:NRRL) Overvalued in 2026?

Based on GuruFocus' analysis, NewRiver REIT stock appears to be undervalued. The current stock price of £0.77 is trading 7.3% below its estimated GF Value™ of £0.83. GuruFocus considers NewRiver REIT to be Fairly Valued.

Key valuation signals for CHIX:NRRL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £0.83 vs. price of £0.77 (7.3% below fair value)
  • GF Score™: 44/100 with 6 warning signs

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


NewRiver REIT Business Description

Industry Real EstateREITs
Other Exchanges NRWRF:USANRR:UK087:Germany
Address 89 Whitfield Street, London, GBR, W1T 4DE
NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute a substantial amount to the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates a majority of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues among others.
44GF Score

Get the complete analysis for CHIX:NRRL

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

£0.77
Price
£0.83
GF Value