SITE Centers (FRA:DDR) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.

FRA:DDR SITE Centers Corp FRA:DDR
56 GF Score
Price €2.52
GF Value €2.69
! 4 Warning Signs
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What is SITE Centers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SITE Centers  (FRA:DDR) 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.


SITE Centers Cyclically Adjusted PB Ratio Related Terms


SITE Centers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SITE Centers'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.

SITE Centers Cyclically Adjusted PB Ratio Chart

SITE Centers 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 0.18 0.17 0.15 0.24 0.10

SITE Centers 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 0.20 0.16 0.12 0.11 0.09

FRA:DDR vs WHLR, PINE, SPG: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, SITE Centers'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.


SITE Centers Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where SITE Centers's Cyclically Adjusted PB Ratio falls into.


FRA:DDR
56GF Score
SITE Centers Corp FRA:DDR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SITE Centers 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.

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

For example, SITE Centers'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)
=4.705/333.9520*333.9520
=4.705

Current CPI (Jun. 2026) = 333.9520.

SITE Centers Quarterly Data

Book Value per Share CPI Adj_Book
201609 57.156 241.428 79.060
201612 60.122 241.432 83.162
201703 56.763 243.801 77.752
201706 52.311 244.955 71.317
201709 49.102 246.819 66.436
201712 42.962 246.524 58.198
201803 39.642 249.554 53.049
201806 40.269 251.989 53.367
201809 27.087 252.439 35.833
201812 29.870 251.233 39.705
201903 30.201 254.202 39.676
201906 29.276 256.143 38.169
201909 30.177 256.759 39.250
201912 30.506 256.974 39.644
202003 31.040 258.115 40.160
202006 30.177 257.797 39.091
202009 28.899 260.280 37.079
202012 27.424 260.474 35.160
202103 29.812 264.877 37.586
202106 29.471 271.696 36.224
202109 30.177 274.310 36.738
202112 31.134 278.802 37.293
202203 31.662 287.504 36.777
202206 34.284 296.311 38.639
202209 37.366 296.808 42.042
202212 34.130 296.797 38.403
202303 32.944 301.836 36.449
202306 32.449 305.109 35.517
202309 33.830 307.789 36.706
202312 138.621 306.746 150.916
202403 34.493 312.332 36.881
202406 38.503 314.175 40.927
202409 42.386 315.301 44.893
202412 9.563 315.605 10.119
202503 9.215 319.799 9.623
202506 7.906 322.561 8.185
202509 5.003 324.800 5.144
202512 5.433 324.054 5.599
202603 5.556 330.213 5.619
202606 4.705 333.952 4.705

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.

Is SITE Centers (FRA:DDR) Overvalued in 2026?

Based on GuruFocus' analysis, SITE Centers stock appears to be undervalued. The current stock price of €2.52 is trading 6.3% below its estimated GF Value™ of €2.69.

Key valuation signals for FRA:DDR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.69 vs. price of €2.52 (6.3% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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


SITE Centers Business Description

Industry Real EstateREITs
Other Exchanges SITC:USA
Address 3300 Enterprise Parkway, Beachwood, OH, USA, 44122
SITE Centers Corp is a self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is engaged in the business of owning, leasing, acquiring, redeveloping, developing, and managing shopping centers.
56GF Score

Get the complete analysis for FRA:DDR

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

€2.52
Price
€2.69
GF Value