CUZ (Cousins Properties) Cyclically Adjusted PB Ratio: 0.88 (As of Jul. 12, 2026) — 20% Below Median


CUZ Cousins Properties Inc CUZ
74 GF Score
Price $30.26
GF Value $27.86
Valuation Fairly Valued
! 12 Warning Signs
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What is Cousins Properties Cyclically Adjusted PB Ratio?

Cousins Properties CUZ -0.03% 74 Cyclically Adjusted PB Ratio is 0.88 as of Jul. 12, 2026, which is 20% below its 10-year median of 1.10. GuruFocus rates CUZ with a GF Score™ of 74/100 and a GF Value™ of $27.86 (Fairly Valued). The stock has 12 warning signs investors should review. Among 559 REITs companies, Cousins Properties ranks worse than 54.03% on this metric.

As of today (2026-07-12), Cousins Properties's current share price is $30.26. Cousins Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $34.51. Cousins Properties's Cyclically Adjusted PB Ratio for today is 0.88.

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

CUZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.1   Max: 1.53
Current: 0.88

During the past years, Cousins Properties's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.51. And the median was 1.10.

CUZ's Cyclically Adjusted PB Ratio is ranked worse than
54.03% of 559 companies
in the REITs industry
Industry Median: 0.82 vs CUZ: 0.88

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.

Cousins Properties's adjusted book value per share data for the three months ended in Mar. 2026 was $27.414. 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 $34.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cousins Properties  (NYSE:CUZ) 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.


Cousins Properties Cyclically Adjusted PB Ratio Related Terms


Cousins Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cousins Properties'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.

Cousins Properties Cyclically Adjusted PB Ratio Chart

Cousins Properties 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 1.30 0.75 0.70 0.88 0.75

Cousins Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.85 0.86 0.83 0.75 0.65

CUZ vs KRC, CDP, SLG: Cyclically Adjusted PB Ratio Comparison

For the REIT - Office subindustry, Cousins Properties'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.


Cousins Properties Cyclically Adjusted PB Ratio vs REITs Industry

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

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


CUZ
74GF Score
Cousins Properties Inc CUZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cousins Properties 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.

Cousins Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.26/34.51
=0.88

* 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.

Cousins Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=27.414/330.2130*330.2130
=27.414

Current CPI (Mar. 2026) = 330.2130.

Cousins Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.739 241.018 43.485
201609 31.649 241.428 43.288
201612 24.897 241.432 34.052
201703 25.006 243.801 33.869
201706 26.395 244.955 35.582
201709 26.270 246.819 35.146
201712 26.333 246.524 35.272
201803 26.422 249.554 34.962
201806 26.363 251.989 34.547
201809 26.294 252.439 34.395
201812 26.301 251.233 34.569
201903 26.283 254.202 34.142
201906 29.326 256.143 37.806
201909 29.179 256.759 37.527
201912 29.691 256.974 38.153
202003 30.529 258.115 39.057
202006 30.392 257.797 38.929
202009 30.289 260.280 38.427
202012 30.069 260.474 38.120
202103 29.942 264.877 37.328
202106 29.833 271.696 36.258
202109 29.895 274.310 35.987
202112 30.714 278.802 36.378
202203 30.570 287.504 35.111
202206 30.455 296.311 33.939
202209 30.676 296.808 34.129
202212 30.541 296.797 33.980
202303 30.318 301.836 33.168
202306 30.185 305.109 32.669
202309 30.010 307.789 32.196
202312 29.804 306.746 32.084
202403 29.531 312.332 31.222
202406 29.273 314.175 30.767
202409 29.026 315.301 30.399
202412 28.908 315.605 30.246
202503 28.669 319.799 29.603
202506 28.446 322.561 29.121
202509 28.189 324.800 28.659
202512 27.858 324.054 28.387
202603 27.414 330.213 27.414

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.

What does a Cyclically Adjusted PB Ratio of 0.88 mean?
Cousins Properties (CUZ) has a Cyclically Adjusted PB Ratio of 0.88 as of Jul. 12, 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 Cousins Properties and its competitors. This is 20% below median its historical median of 1.10. Over the past decade, Cousins Properties' Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.53. According to the industry distribution chart, Cousins Properties ranks #302 out of 559 companies in the REITs industry, placing it in the top 54%.
Is Cousins Properties' Cyclically Adjusted PB Ratio too high?
Cousins Properties' current Cyclically Adjusted PB Ratio of 0.88 is 20% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.53. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Cousins Properties' value of 0.88 is 7.3% above this industry median. Based on the distribution chart, Cousins Properties ranks #302 out of 559 companies in the REITs industry, which is below the industry midpoint. Overall, Cousins Properties has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cousins Properties' Cyclically Adjusted PB Ratio compare to KRC and CDP?
According to the REITs industry distribution chart, Cousins Properties ranks #302 out of 559 companies for Cyclically Adjusted PB Ratio. This places Cousins Properties in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Cousins Properties' value of 0.88 is 7.3% above this benchmark. Historically, Cousins Properties' own Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.53 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 0.82, Cousins Properties has consistently been above 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 0.82, based on 559 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. Cousins Properties's current Cyclically Adjusted PB Ratio of 0.88 is 7.3% above 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 Cousins Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cousins Properties's current Cyclically Adjusted PB Ratio is 0.88, which is 20% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cousins Properties stock overvalued right now?
Based on GuruFocus' analysis, Cousins Properties (CUZ) is currently considered Fairly Valued. The stock's GF Value™ is $27.86, compared to a current price of $30.26 — trading 8.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.88, which is 20% below median its 10-year median of 1.10 and 7.3% above the REITs industry median of 0.82. Cousins Properties' overall GF Score™ is 74/100 with 12 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 Cousins Properties (CUZ), the current Cyclically Adjusted PB Ratio is 0.88 as of Jul. 12, 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 Cousins Properties (CUZ) Overvalued in 2026?

Based on GuruFocus' analysis, Cousins Properties stock appears to be overvalued. The current stock price of $30.26 is trading 8.6% above its estimated GF Value™ of $27.86. GuruFocus considers Cousins Properties to be Fairly Valued.

Key valuation signals for CUZ:

  • Cyclically Adjusted PB Ratio: 0.88 (20% below median its 10-year median of 1.10)
  • GF Value™: $27.86 vs. price of $30.26 (8.6% above fair value)
  • GF Score™: 74/100 with 12 warning signs
  • Industry Position: 7.3% above the REITs median (#302 of 559)

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


Cousins Properties Business Description

Industry Real EstateREITs
Other Exchanges CPZ1:Germany
Address 3344 Peachtree Road NE, Suite 1800, Atlanta, GA, USA, 30326-4802
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio mainly comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. The segments operates in following geographical areas: Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. The company derives nearly all of its revenue in the form of rental income from its properties, the majority of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's key markets.
74GF Score

Get the complete analysis for CUZ

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

$30.26
Price
$27.86
GF Value