DDHRF (Dream Impact Trust) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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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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.

DDHRF Dream Impact Trust DDHRF
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What is Dream Impact Trust Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Impact Trust  (OTCPK:DDHRF) 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.


Dream Impact Trust Cyclically Adjusted PB Ratio Related Terms


Dream Impact Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dream Impact Trust'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.

Dream Impact Trust Cyclically Adjusted PB Ratio Chart

Dream Impact Trust 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 - - 0.15 0.11 0.04

Dream Impact Trust 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 0.07 0.04 0.04 0.05 0.05

DDHRF vs VICI, WPC, BNL: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Dream Impact Trust'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.


Dream Impact Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


DDHRF
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Dream Impact Trust DDHRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dream Impact Trust 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.

Dream Impact Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dream Impact Trust'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)
=12.68/133.5265*133.5265
=12.680

Current CPI (Jun. 2026) = 133.5265.

Dream Impact Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.167 101.765 36.958
201612 26.686 101.449 35.124
201703 25.771 102.634 33.528
201706 25.830 103.029 33.476
201709 26.504 103.345 34.244
201712 26.744 103.345 34.555
201803 26.077 105.004 33.160
201806 25.114 105.557 31.768
201809 25.246 105.636 31.912
201812 23.881 105.399 30.254
201903 24.137 106.979 30.127
201906 24.713 107.690 30.642
201909 24.184 107.611 30.008
201912 25.459 107.769 31.544
202003 23.125 107.927 28.610
202006 23.763 108.401 29.271
202009 24.579 108.164 30.342
202012 26.154 108.559 32.169
202103 25.878 110.298 31.328
202106 25.866 111.720 30.915
202109 25.070 112.905 29.649
202112 26.129 113.774 30.665
202203 26.067 117.646 29.586
202206 25.035 120.806 27.671
202209 23.183 120.648 25.658
202212 21.080 120.964 23.269
202303 20.635 122.702 22.455
202306 20.678 124.203 22.230
202309 19.629 125.230 20.929
202312 18.500 125.072 19.750
202403 17.730 126.258 18.751
202406 17.138 127.522 17.945
202409 16.697 127.285 17.516
202412 15.288 127.364 16.028
202503 14.932 129.181 15.434
202506 15.157 129.892 15.581
202509 14.447 130.287 14.806
202512 13.531 130.366 13.859
202603 13.031 132.262 13.156
202606 12.680 133.527 12.680

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.


Dream Impact Trust Business Description

Industry Real EstateREITs
Other Exchanges 6470:GermanyMPCT.UN:Canada
Address 30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Impact Trust is an open-ended trust dedicated to impact investing, and its underlying portfolio is comprised of real estate assets. The Trust's activities are organized into two operating segments: recurring income and development. The recurring income segment consists of a portfolio of multi-family rental assets and commercial real estate income properties in the Greater Toronto Area and Ottawa/Gatineau, along with a utility asset. The development segment consists of investments in residential and mixed-use developments.
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