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CSR (Centerspace) Cyclically Adjusted PB Ratio : 1.28 (As of Jun. 23, 2025)


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What is Centerspace Cyclically Adjusted PB Ratio?

As of today (2025-06-23), Centerspace's current share price is $62.20. Centerspace's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $48.42. Centerspace's Cyclically Adjusted PB Ratio for today is 1.28.

The historical rank and industry rank for Centerspace's Cyclically Adjusted PB Ratio or its related term are showing as below:

CSR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.31   Max: 2.36
Current: 1.29

During the past years, Centerspace's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 0.96. And the median was 1.31.

CSR's Cyclically Adjusted PB Ratio is ranked worse than
74.57% of 527 companies
in the REITs industry
Industry Median: 0.81 vs CSR: 1.29

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.

Centerspace's adjusted book value per share data for the three months ended in Mar. 2025 was $38.052. 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 $48.42 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centerspace Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Centerspace'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.

* Premium members only.

Centerspace Cyclically Adjusted PB Ratio Chart

Centerspace Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 2.36 1.21 1.20 1.37

Centerspace Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.17 1.39 1.45 1.37 1.34

Competitive Comparison of Centerspace's Cyclically Adjusted PB Ratio

For the REIT - Residential subindustry, Centerspace'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.


Centerspace's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Centerspace 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.

Centerspace's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.20/48.42
=1.28

* 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.

Centerspace's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Centerspace's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=38.052/134.9266*134.9266
=38.052

Current CPI (Mar. 2025) = 134.9266.

Centerspace Quarterly Data

Book Value per Share CPI Adj_Book
201504 41.253 99.824 55.760
201507 40.212 100.691 53.885
201510 39.201 100.346 52.710
201601 40.508 99.957 54.679
201604 39.647 100.947 52.993
201607 36.241 101.524 48.165
201610 35.448 101.988 46.896
201701 35.747 102.456 47.076
201704 36.499 103.167 47.735
201707 35.168 103.278 45.945
201710 34.951 104.070 45.314
201801 45.472 104.578 58.668
201804 42.350 105.708 54.056
201807 41.796 106.324 53.040
201810 40.677 106.695 51.440
201903 38.119 107.251 47.956
201906 36.935 108.070 46.114
201909 38.548 108.329 48.012
201912 42.949 108.420 53.449
202003 40.130 108.902 49.720
202006 40.433 108.767 50.157
202009 41.508 109.815 51.000
202012 40.276 109.897 49.449
202103 39.656 111.754 47.879
202106 41.906 114.631 49.325
202109 44.230 115.734 51.565
202112 45.185 117.630 51.829
202203 45.907 121.301 51.064
202206 45.140 125.017 48.718
202209 44.398 125.227 47.837
202212 42.344 125.222 45.626
202303 44.287 127.348 46.923
202306 43.143 128.729 45.220
202309 42.517 129.860 44.176
202312 41.188 129.419 42.941
202403 39.875 131.776 40.828
202406 38.996 132.554 39.694
202409 40.588 133.029 41.167
202412 39.111 133.157 39.631
202503 38.052 134.927 38.052

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.


Centerspace  (NYSE:CSR) 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.


Centerspace Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Centerspace's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Centerspace Business Description

Industry
Traded in Other Exchanges
Address
3100 10th Street SW, Post Office Box 1988, Minot, ND, USA, 58702-1988
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota.
Executives
John A Schissel director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Decker Mark Okey Jr director, officer: President, CEO and CIO 10414 NEW ASCOT DRIVE, GREAT FALLS VA 22066
Mary J Twinem director 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Rodney Jones-tyson director C/O 3100 10TH STREET SW, POST OFFICE BOX 1988, MINOT ND 58702-1988
Michael T Dance director C/O INVESTORS REAL ESTATE TRUST, 1400 31ST AVE. NW,, MINOT ND 58702
Bhairav Patel officer: SVP, Finance 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Kirchmann officer: EVP and CFO 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Anne Olson officer: COO, Gen Counsel and Secretary 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Jeffrey Caira director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Linda J. Hall director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Nancy B Andersen officer: SVP& Principal Accting Officer 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Timothy P Mihalick director, officer: President and CEO 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Jeffrey L Miller director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Terrance P Maxwell director 1400 31ST AVE SW, SUITE 60, MINOT ND 58701