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American Homes 4 Rent (FRA:A4XA) Cyclically Adjusted PB Ratio : 1.55 (As of Jul. 12, 2025)


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What is American Homes 4 Rent Cyclically Adjusted PB Ratio?

As of today (2025-07-12), American Homes 4 Rent's current share price is €30.60. American Homes 4 Rent's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €19.77. American Homes 4 Rent's Cyclically Adjusted PB Ratio for today is 1.55.

The historical rank and industry rank for American Homes 4 Rent's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:A4XA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 1.74   Max: 2.41
Current: 1.67

During the past years, American Homes 4 Rent's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 1.48. And the median was 1.74.

FRA:A4XA's Cyclically Adjusted PB Ratio is ranked worse than
82.01% of 528 companies
in the REITs industry
Industry Median: 0.82 vs FRA:A4XA: 1.67

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.

American Homes 4 Rent's adjusted book value per share data for the three months ended in Mar. 2025 was €17.877. 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 €19.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Homes 4 Rent Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent Cyclically Adjusted PB Ratio Chart

American Homes 4 Rent 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 - 2.37 1.52 1.73 1.77

American Homes 4 Rent 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 1.74 1.75 1.81 1.77 1.77

Competitive Comparison of American Homes 4 Rent's Cyclically Adjusted PB Ratio

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Cyclically Adjusted PB Ratio falls into.


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American Homes 4 Rent 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.

American Homes 4 Rent's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.60/19.77
=1.55

* 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.

American Homes 4 Rent's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, American Homes 4 Rent'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)
=17.877/134.9266*134.9266
=17.877

Current CPI (Mar. 2025) = 134.9266.

American Homes 4 Rent Quarterly Data

Book Value per Share CPI Adj_Book
201506 14.302 100.684 19.166
201509 14.142 100.392 19.007
201512 14.393 99.792 19.460
201603 13.820 100.470 18.560
201606 15.418 101.688 20.458
201609 15.315 101.861 20.286
201612 16.331 101.863 21.632
201703 16.359 102.862 21.458
201706 16.049 103.349 20.953
201709 15.612 104.136 20.228
201712 15.174 104.011 19.684
201803 14.557 105.290 18.655
201806 14.887 106.317 18.893
201809 15.226 106.507 19.289
201812 15.561 105.998 19.808
201903 15.660 107.251 19.701
201906 15.647 108.070 19.536
201909 16.079 108.329 20.027
201912 15.966 108.420 19.869
202003 16.059 108.902 19.897
202006 15.761 108.767 19.552
202009 15.486 109.815 19.027
202012 15.027 109.897 18.450
202103 15.373 111.754 18.561
202106 14.133 114.631 16.635
202109 15.012 115.734 17.501
202112 15.866 117.630 18.199
202203 16.771 121.301 18.655
202206 17.075 125.017 18.428
202209 18.481 125.227 19.913
202212 17.346 125.222 18.690
202303 17.642 127.348 18.692
202306 17.500 128.729 18.343
202309 17.766 129.860 18.459
202312 17.508 129.419 18.253
202403 17.624 131.776 18.045
202406 17.807 132.554 18.126
202409 17.236 133.029 17.482
202412 18.499 133.157 18.745
202503 17.877 134.927 17.877

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.


American Homes 4 Rent  (FRA:A4XA) 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.


American Homes 4 Rent Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent Business Description

Industry
Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

American Homes 4 Rent Headlines

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