Healthcare Realty Trust (FRA:HT0) Cyclically Adjusted PB Ratio: 1.05 (As of Aug. 25, 2026) — 47% Below Median

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FRA:HT0 Healthcare Realty Trust Inc FRA:HT0
65 GF Score
Price €16.40
GF Value €13.51
! 8 Warning Signs
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What is Healthcare Realty Trust Cyclically Adjusted PB Ratio?

Healthcare Realty Trust FRA:HT0 -0.61% 65 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 25, 2026, which is 47% below its 10-year median of 1.98. GuruFocus rates FRA:HT0 with a GF Score™ of 65/100 and a GF Value™ of €13.51. The stock has 8 warning signs investors should review. Among 549 REITs companies, Healthcare Realty Trust ranks worse than 68.67% on this metric.

As of today (2026-08-25), Healthcare Realty Trust's current share price is €16.40. Healthcare Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €15.60. Healthcare Realty Trust's Cyclically Adjusted PB Ratio for today is 1.05.

The historical rank and industry rank for Healthcare Realty Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:HT0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.98   Max: 2.66
Current: 1.08

During the past years, Healthcare Realty Trust's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.77. And the median was 1.98.

FRA:HT0's Cyclically Adjusted PB Ratio is ranked worse than
68.67% of 549 companies
in the REITs industry
Industry Median: 0.79 vs FRA:HT0: 1.08

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.

Healthcare Realty Trust's adjusted book value per share data for the three months ended in Jun. 2026 was €10.681. 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 €15.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Healthcare Realty Trust  (FRA:HT0) 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.


Healthcare Realty Trust Cyclically Adjusted PB Ratio Related Terms


Healthcare Realty Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Healthcare Realty 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.

Healthcare Realty Trust Cyclically Adjusted PB Ratio Chart

Healthcare Realty 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 2.08 1.18 1.01 0.97 0.96

Healthcare Realty 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 0.90 1.02 0.96 0.95 1.13

FRA:HT0 vs SBRA, CTRE, NHI: Cyclically Adjusted PB Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Healthcare Realty 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.


Healthcare Realty Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Healthcare Realty Trust's Cyclically Adjusted PB Ratio falls into.


FRA:HT0
65GF Score
Healthcare Realty Trust Inc FRA:HT0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Healthcare Realty 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.

Healthcare Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.40/15.60
=1.05

* 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.

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

For example, Healthcare Realty 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)
=10.681/333.9520*333.9520
=10.681

Current CPI (Jun. 2026) = 333.9520.

Healthcare Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.569 241.428 17.386
201612 13.464 241.432 18.624
201703 13.268 243.801 18.174
201706 12.572 244.955 17.140
201709 12.524 246.819 16.945
201712 12.087 246.524 16.374
201803 11.430 249.554 15.296
201806 12.085 251.989 16.016
201809 11.909 252.439 15.754
201812 12.045 251.233 16.011
201903 12.368 254.202 16.248
201906 12.116 256.143 15.796
201909 12.477 256.759 16.228
201912 12.694 256.974 16.497
202003 12.471 258.115 16.135
202006 12.593 257.797 16.313
202009 11.859 260.280 15.216
202012 11.482 260.474 14.721
202103 11.848 264.877 14.938
202106 11.956 271.696 14.696
202109 12.187 274.310 14.837
202112 12.853 278.802 15.395
202203 13.254 287.504 15.395
202206 13.587 296.311 15.313
202209 20.507 296.808 23.073
202212 18.779 296.797 21.130
202303 18.048 301.836 19.968
202306 17.399 305.109 19.044
202309 17.231 307.789 18.696
202312 16.422 306.746 17.879
202403 15.472 312.332 16.543
202406 15.012 314.175 15.957
202409 13.965 315.301 14.791
202412 14.262 315.605 15.091
202503 13.383 319.799 13.975
202506 11.880 322.561 12.300
202509 11.348 324.800 11.668
202512 11.214 324.054 11.557
202603 11.081 330.213 11.206
202606 10.681 333.952 10.681

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 1.05 mean?
Healthcare Realty Trust (FRA:HT0) has a Cyclically Adjusted PB Ratio of 1.05 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 Healthcare Realty Trust and its competitors. This is 47% below median its historical median of 1.98. Over the past decade, Healthcare Realty Trust's Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.66. According to the industry distribution chart, Healthcare Realty Trust ranks #377 out of 549 companies in the REITs industry, placing it in the top 68.7%.
Is Healthcare Realty Trust's Cyclically Adjusted PB Ratio too high?
Healthcare Realty Trust's current Cyclically Adjusted PB Ratio of 1.05 is 47% below median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.66. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Healthcare Realty Trust's value of 1.05 is 32.9% above this industry median. Based on the distribution chart, Healthcare Realty Trust ranks #377 out of 549 companies in the REITs industry, which is below the industry midpoint. Overall, Healthcare Realty Trust has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Healthcare Realty Trust's Cyclically Adjusted PB Ratio compare to SBRA and CTRE?
According to the REITs industry distribution chart, Healthcare Realty Trust ranks #377 out of 549 companies for Cyclically Adjusted PB Ratio. This places Healthcare Realty Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Healthcare Realty Trust's value of 1.05 is 32.9% above this benchmark. Historically, Healthcare Realty Trust's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.66 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 0.79, Healthcare Realty 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. Healthcare Realty Trust's current Cyclically Adjusted PB Ratio of 1.05 is 32.9% 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 Healthcare Realty 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. Healthcare Realty Trust's current Cyclically Adjusted PB Ratio is 1.05, which is 47% below median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthcare Realty Trust stock overvalued right now?
Healthcare Realty Trust (FRA:HT0) has a current Cyclically Adjusted PB Ratio of 1.05. The stock's GF Value™ is €13.51, compared to a current price of €16.40 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 47% below median its 10-year median of 1.98 and 32.9% above the REITs industry median of 0.79. Healthcare Realty Trust's overall GF Score™ is 65/100 with 8 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 Healthcare Realty Trust (FRA:HT0), the current Cyclically Adjusted PB Ratio is 1.05 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 Healthcare Realty Trust (FRA:HT0) Overvalued in 2026?

Based on GuruFocus' analysis, Healthcare Realty Trust stock appears to be overvalued. The current stock price of €16.40 is trading 21.4% above its estimated GF Value™ of €13.51.

Key valuation signals for FRA:HT0:

  • Cyclically Adjusted PB Ratio: 1.05 (47% below median its 10-year median of 1.98)
  • GF Value™: €13.51 vs. price of €16.40 (21.4% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 32.9% above the REITs median (#377 of 549)

No single metric tells the full story. See the FRA:HT0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Healthcare Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges HR:USAHT0:Germany
Address 3310 West End Avenue, Suite 700, Nashville, TN, USA, 37203
Healthcare Realty Trust Inc is a healthcare facility real estate investment trust. The company focuses on owning, leasing, and managing outpatient facilities and other healthcare properties. The company works to invest in outpatient facilities that are integral to a hospital's operations. It generates all of its revenue in the United States.
65GF Score

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

€16.40
Price
€13.51
GF Value