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Apollo Commercial Real Estate Finance (FRA:9A1) Cyclically Adjusted PB Ratio : 0.46 (As of Jun. 02, 2025)


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What is Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Apollo Commercial Real Estate Finance's current share price is €8.672. Apollo Commercial Real Estate Finance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €19.00. Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio for today is 0.46.

The historical rank and industry rank for Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:9A1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.52   Max: 0.94
Current: 0.47

During the past years, Apollo Commercial Real Estate Finance's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.26. And the median was 0.52.

FRA:9A1's Cyclically Adjusted PB Ratio is ranked better than
70.77% of 520 companies
in the REITs industry
Industry Median: 0.815 vs FRA:9A1: 0.47

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.

Apollo Commercial Real Estate Finance's adjusted book value per share data for the three months ended in Mar. 2025 was €12.393. 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 €19.00 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Chart

Apollo Commercial Real Estate Finance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.63 0.50 0.55 0.41

Apollo Commercial Real Estate Finance 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 0.52 0.45 0.43 0.41 0.45

Competitive Comparison of Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.


Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio falls into.


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Apollo Commercial Real Estate Finance 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.

Apollo Commercial Real Estate Finance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.672/19.00
=0.46

* 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.

Apollo Commercial Real Estate Finance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Apollo Commercial Real Estate Finance'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)
=12.393/134.9266*134.9266
=12.393

Current CPI (Mar. 2025) = 134.9266.

Apollo Commercial Real Estate Finance Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.933 100.684 21.352
201509 18.369 100.392 24.688
201512 18.789 99.792 25.404
201603 18.083 100.470 24.285
201606 17.580 101.688 23.326
201609 19.256 101.861 25.507
201612 20.034 101.863 26.537
201703 19.683 102.862 25.819
201706 18.254 103.349 23.831
201709 16.688 104.136 21.622
201712 16.471 104.011 21.367
201803 15.479 105.290 19.836
201806 16.300 106.317 20.686
201809 16.134 106.507 20.439
201812 16.480 105.998 20.978
201903 16.496 107.251 20.753
201906 15.398 108.070 19.225
201909 15.551 108.329 19.369
201912 15.416 108.420 19.185
202003 14.133 108.902 17.510
202006 14.161 108.767 17.567
202009 13.742 109.815 16.884
202012 13.398 109.897 16.449
202103 13.669 111.754 16.503
202106 13.615 114.631 16.026
202109 14.014 115.734 16.338
202112 14.516 117.630 16.651
202203 14.543 121.301 16.177
202206 15.296 125.017 16.508
202209 17.296 125.227 18.636
202212 15.808 125.222 17.033
202303 15.521 127.348 16.445
202306 14.464 128.729 15.160
202309 14.661 129.860 15.233
202312 14.328 129.419 14.938
202403 13.256 131.776 13.573
202406 13.401 132.554 13.641
202409 12.183 133.029 12.357
202412 12.955 133.157 13.127
202503 12.393 134.927 12.393

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.


Apollo Commercial Real Estate Finance  (FRA:9A1) 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.


Apollo Commercial Real Estate Finance Cyclically Adjusted PB Ratio Related Terms

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


Apollo Commercial Real Estate Finance Business Description

Traded in Other Exchanges
Address
c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.

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