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.
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.
Invesco Mortgage CapitalFRA:7M20 -0.78%35 Cyclically Adjusted PB Ratio is 0.08 as of Aug. 11, 2026, which is at its 10-year median of 0.08. GuruFocus rates FRA:7M20 with a GF Score™ of 35/100. The stock has 1 warning sign investors should review. Among 554 REITs companies, Invesco Mortgage Capital ranks better than 97.47% on this metric.
The historical rank and industry rank for Invesco Mortgage Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:7M20'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.92
Current: 0.08
During the past years, Invesco Mortgage Capital's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.04. And the median was 0.08.
FRA:7M20's Cyclically Adjusted PB Ratio is ranked better than 97.47% of 554
companies
in the REITs industry
Industry Median: 0.815
vs FRA:7M20: 0.08
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.
Invesco Mortgage Capital's adjusted book value per share data for the three months ended in Jun. 2026 was €7.013. 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 €82.89 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Invesco Mortgage Capital (FRA:7M20) 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.
Invesco Mortgage Capital Cyclically Adjusted PB Ratio Related Terms
Invesco Mortgage Capital Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Invesco Mortgage Capital'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.
Invesco Mortgage Capital Cyclically Adjusted PB Ratio Chart
FRA:7M20 vs ADAM, PMT, BRSP: Cyclically Adjusted PB Ratio Comparison
For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.
Invesco Mortgage Capital Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Invesco Mortgage Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Invesco Mortgage Capital's Cyclically Adjusted PB Ratio falls into.
Invesco Mortgage Capital 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.
* 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.
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 0.08 mean?
Invesco Mortgage Capital (FRA:7M20) has a Cyclically Adjusted PB Ratio of 0.08 as of Aug. 11, 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 Invesco Mortgage Capital and its competitors. This is near median its historical median of 0.08. Over the past decade, Invesco Mortgage Capital's Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.92. According to the industry distribution chart, Invesco Mortgage Capital ranks #14 out of 554 companies in the REITs industry, placing it in the top 2.5%.
Is Invesco Mortgage Capital's Cyclically Adjusted PB Ratio too high?
Invesco Mortgage Capital's current Cyclically Adjusted PB Ratio of 0.08 is near median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.92. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Invesco Mortgage Capital's value of 0.08 is 90.2% below this industry median. Based on the distribution chart, Invesco Mortgage Capital ranks #14 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Invesco Mortgage Capital has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Invesco Mortgage Capital's Cyclically Adjusted PB Ratio compare to ADAM and PMT?
According to the REITs industry distribution chart, Invesco Mortgage Capital ranks #14 out of 554 companies for Cyclically Adjusted PB Ratio. This places Invesco Mortgage Capital in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.82. Invesco Mortgage Capital's value of 0.08 is 90.2% below this benchmark. Historically, Invesco Mortgage Capital's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.92 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.82, Invesco Mortgage Capital has consistently been below 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 554 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. Invesco Mortgage Capital's current Cyclically Adjusted PB Ratio of 0.08 is 90.2% below 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 Invesco Mortgage Capital 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. Invesco Mortgage Capital's current Cyclically Adjusted PB Ratio is 0.08, which is near median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco Mortgage Capital stock overvalued right now?
Invesco Mortgage Capital (FRA:7M20) has a current Cyclically Adjusted PB Ratio of 0.08. The current Cyclically Adjusted PB Ratio is 0.08, which is near median its 10-year median of 0.08 and 90.2% below the REITs industry median of 0.82. Invesco Mortgage Capital's overall GF Score™ is 35/100 with 1 warning sign 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 Invesco Mortgage Capital (FRA:7M20), the current Cyclically Adjusted PB Ratio is 0.08 as of Aug. 11, 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.
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.
35GF Score
Get the complete analysis for FRA:7M20
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:7M20 has been successfully added to your 
