CT Real Estate Investment Trust (FRA:5G4) Cyclically Adjusted PB Ratio: 2.32 (As of Aug. 25, 2026) — Near Median

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FRA:5G4 CT Real Estate Investment Trust FRA:5G4
77 GF Score
Price €10.88
GF Value €10.18
Valuation Fairly Valued
! 10 Warning Signs
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What is CT Real Estate Investment Trust Cyclically Adjusted PB Ratio?

CT Real Estate Investment Trust FRA:5G4 +0.55% 77 Cyclically Adjusted PB Ratio is 2.32 as of Aug. 25, 2026, which is 9% above its 10-year median of 2.12. GuruFocus rates FRA:5G4 with a GF Score™ of 77/100 and a GF Value™ of €10.18 (Fairly Valued). The stock has 10 warning signs investors should review. Among 549 REITs companies, CT Real Estate Investment Trust ranks worse than 90.53% on this metric.

As of today (2026-08-25), CT Real Estate Investment Trust's current share price is €10.876. CT Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.69. CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 2.32.

The historical rank and industry rank for CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:5G4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 2.12   Max: 2.42
Current: 2.31

During the past years, CT Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 2.42. The lowest was 1.81. And the median was 2.12.

FRA:5G4's Cyclically Adjusted PB Ratio is ranked worse than
90.53% of 549 companies
in the REITs industry
Industry Median: 0.79 vs FRA:5G4: 2.31

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.

CT Real Estate Investment Trust's adjusted book value per share data for the three months ended in Jun. 2026 was €5.300. 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 €4.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CT Real Estate Investment Trust  (FRA:5G4) 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.


CT Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


CT Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CT Real Estate Investment 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.

CT Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

CT Real Estate Investment 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 0.00 0.00 2.09 1.98 2.17

CT Real Estate Investment 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 2.14 2.17 2.17 2.17 2.34

FRA:5G4 vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, CT Real Estate Investment 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.


CT Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


FRA:5G4
77GF Score
CT Real Estate Investment Trust FRA:5G4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CT Real Estate Investment 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.

CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.876/4.69
=2.32

* 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.

CT Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CT Real Estate Investment 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)
=5.3/133.5265*133.5265
=5.300

Current CPI (Jun. 2026) = 133.5265.

CT Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.550 101.765 4.658
201612 3.760 101.449 4.949
201703 3.719 102.634 4.838
201706 3.540 103.029 4.588
201709 3.655 103.345 4.722
201712 3.619 103.345 4.676
201803 3.472 105.004 4.415
201806 3.659 105.557 4.629
201809 3.724 105.636 4.707
201812 3.880 105.399 4.915
201903 3.970 106.979 4.955
201906 4.044 107.690 5.014
201909 4.363 107.611 5.414
201912 4.387 107.769 5.436
202003 4.166 107.927 5.154
202006 4.238 108.401 5.220
202009 4.174 108.164 5.153
202012 4.117 108.559 5.064
202103 4.324 110.298 5.235
202106 4.579 111.720 5.473
202109 4.560 112.905 5.393
202112 4.810 113.774 5.645
202203 5.054 117.646 5.736
202206 5.258 120.806 5.812
202209 5.436 120.648 6.016
202212 5.028 120.964 5.550
202303 4.972 122.702 5.411
202306 5.143 124.203 5.529
202309 5.065 125.230 5.401
202312 4.955 125.072 5.290
202403 5.009 126.258 5.297
202406 5.060 127.522 5.298
202409 5.022 127.285 5.268
202412 5.171 127.364 5.421
202503 5.041 129.181 5.211
202506 5.027 129.892 5.168
202509 4.958 130.287 5.081
202512 5.151 130.366 5.276
202603 5.324 132.262 5.375
202606 5.300 133.527 5.300

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 2.32 mean?
CT Real Estate Investment Trust (FRA:5G4) has a Cyclically Adjusted PB Ratio of 2.32 as of Aug. 25, 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 CT Real Estate Investment Trust and its competitors. This is near median its historical median of 2.12. Over the past decade, CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio has ranged from 1.81 to 2.42. According to the industry distribution chart, CT Real Estate Investment Trust ranks #497 out of 549 companies in the REITs industry, placing it in the top 90.5%.
Is CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio too high?
CT Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 2.32 is near median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 2.42. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. CT Real Estate Investment Trust's value of 2.32 is 193.7% above this industry median. Based on the distribution chart, CT Real Estate Investment Trust ranks #497 out of 549 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, CT Real Estate Investment Trust has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CT Real Estate Investment Trust's Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, CT Real Estate Investment Trust ranks #497 out of 549 companies for Cyclically Adjusted PB Ratio. This places CT Real Estate Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. CT Real Estate Investment Trust's value of 2.32 is 193.7% above this benchmark. Historically, CT Real Estate Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 1.81 to 2.42 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 0.79, CT Real Estate Investment Trust 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 0.79, based on 549 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. CT Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 2.32 is 193.7% 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 CT Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CT Real Estate Investment Trust's current Cyclically Adjusted PB Ratio is 2.32, which is near median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CT Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, CT Real Estate Investment Trust (FRA:5G4) is currently considered Fairly Valued. The stock's GF Value™ is €10.18, compared to a current price of €10.88 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is near median its 10-year median of 2.12 and 193.7% above the REITs industry median of 0.79. CT Real Estate Investment Trust's overall GF Score™ is 77/100 with 10 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 CT Real Estate Investment Trust (FRA:5G4), the current Cyclically Adjusted PB Ratio is 2.32 as of Aug. 25, 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 CT Real Estate Investment Trust (FRA:5G4) Overvalued in 2026?

Based on GuruFocus' analysis, CT Real Estate Investment Trust stock appears to be overvalued. The current stock price of €10.88 is trading 6.8% above its estimated GF Value™ of €10.18. GuruFocus considers CT Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for FRA:5G4:

  • Cyclically Adjusted PB Ratio: 2.32 (near median its 10-year median of 2.12)
  • GF Value™: €10.18 vs. price of €10.88 (6.8% above fair value)
  • GF Score™: 77/100 with 10 warning signs
  • Industry Position: 193.7% above the REITs median (#497 of 549)

No single metric tells the full story. See the FRA:5G4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CT Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges CTRRF:USACRT.UN:Canada
Address 2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.
77GF Score

Get the complete analysis for FRA:5G4

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

€10.88
Price
€10.18
GF Value