Slate Grocery REIT (FRA:JR7) Cyclically Adjusted PB Ratio: (As of Sep. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:JR7 Slate Grocery REIT FRA:JR7
81 GF Score
Price €8.59
GF Value €8.91
! 10 Warning Signs
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What is Slate Grocery REIT Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Slate Grocery REIT  (FRA:JR7) 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.


Slate Grocery REIT Cyclically Adjusted PB Ratio Related Terms


Slate Grocery REIT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Slate Grocery REIT'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.

Slate Grocery REIT Cyclically Adjusted PB Ratio Chart

Slate Grocery REIT 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 2.23 1.84 1.28 1.26 1.21

Slate Grocery REIT 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 1.21 1.18 1.21 1.15 1.27

FRA:JR7 vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Slate Grocery REIT'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.


Slate Grocery REIT Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Slate Grocery REIT's Cyclically Adjusted PB Ratio falls into.


FRA:JR7
81GF Score
Slate Grocery REIT FRA:JR7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Slate Grocery REIT 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.

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

For example, Slate Grocery REIT'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)
=9.686/333.9520*333.9520
=9.686

Current CPI (Jun. 2026) = 333.9520.

Slate Grocery REIT Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.139 241.428 0.192
201612 -0.084 241.432 -0.116
201703 0.150 243.801 0.205
201706 0.436 244.955 0.594
201709 0.251 246.819 0.340
201712 0.917 246.524 1.242
201803 1.431 249.554 1.915
201806 9.641 251.989 12.777
201809 9.433 252.439 12.479
201812 9.137 251.233 12.145
201903 8.921 254.202 11.720
201906 8.657 256.143 11.287
201909 8.758 256.759 11.391
201912 8.854 256.974 11.506
202003 8.462 258.115 10.948
202006 8.244 257.797 10.679
202009 7.903 260.280 10.140
202012 7.856 260.474 10.072
202103 8.973 264.877 11.313
202106 0.000 271.696 0.000
202109 8.777 274.310 10.685
202112 9.319 278.802 11.162
202203 9.938 287.504 11.544
202206 11.185 296.311 12.606
202209 12.393 296.808 13.944
202212 11.579 296.797 13.029
202303 11.028 301.836 12.201
202306 10.991 305.109 12.030
202309 11.144 307.789 12.091
202312 10.635 306.746 11.578
202403 10.706 312.332 11.447
202406 10.772 314.175 11.450
202409 10.237 315.301 10.843
202412 10.877 315.605 11.509
202503 10.495 319.799 10.959
202506 9.765 322.561 10.110
202509 9.511 324.800 9.779
202512 9.498 324.054 9.788
202603 9.669 330.213 9.778
202606 9.686 333.952 9.686

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 Slate Grocery REIT (FRA:JR7) Overvalued in 2026?

Based on GuruFocus' analysis, Slate Grocery REIT stock appears to be undervalued. The current stock price of €8.59 is trading 3.6% below its estimated GF Value™ of €8.91.

Key valuation signals for FRA:JR7:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.91 vs. price of €8.59 (3.6% below fair value)
  • GF Score™: 81/100 with 10 warning signs

No single metric tells the full story. See the FRA:JR7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Slate Grocery REIT Business Description

Industry Real EstateREITs
Address 121 King Street West, Suite 1600, Toronto, ON, CAN, M5H 3T9
Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties.
81GF Score

Get the complete analysis for FRA:JR7

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

€8.59
Price
€8.91
GF Value