Ladder Capital (FRA:LD1A) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:LD1A Ladder Capital Corp FRA:LD1A
58 GF Score
Price €8.45
GF Value €9.29
Valuation Fairly Valued
! 6 Warning Signs
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What is Ladder Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladder Capital  (FRA:LD1A) 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.


Ladder Capital Cyclically Adjusted PB Ratio Related Terms


Ladder Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ladder Capital'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.

Ladder Capital Cyclically Adjusted PB Ratio Chart

Ladder Capital 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 0.00 0.67 0.73 0.72 0.73

Ladder Capital 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 0.70 0.71 0.73 0.65 0.00

FRA:LD1A vs TWO, ORC, CIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Mortgage subindustry, Ladder Capital'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.


Ladder Capital Cyclically Adjusted PB Ratio vs REITs Industry

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

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


FRA:LD1A
58GF Score
Ladder Capital Corp FRA:LD1A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ladder Capital 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.

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

For example, Ladder Capital'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)
=9.779/333.9520*333.9520
=9.779

Current CPI (Jun. 2026) = 333.9520.

Ladder Capital Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.107 241.428 16.747
201612 12.864 241.432 17.794
201703 12.380 243.801 16.958
201706 11.655 244.955 15.889
201709 10.963 246.819 14.833
201712 11.144 246.524 15.096
201803 10.841 249.554 14.507
201806 11.497 251.989 15.237
201809 11.844 252.439 15.668
201812 12.221 251.233 16.245
201903 12.028 254.202 15.802
201906 12.066 256.143 15.731
201909 12.312 256.759 16.014
201912 12.208 256.974 15.865
202003 11.137 258.115 14.409
202006 11.044 257.797 14.306
202009 10.705 260.280 13.735
202012 10.037 260.474 12.868
202103 10.143 264.877 12.788
202106 9.957 271.696 12.239
202109 10.182 274.310 12.396
202112 10.632 278.802 12.735
202203 10.725 287.504 12.458
202206 11.205 296.311 12.628
202209 11.986 296.808 13.486
202212 11.442 296.797 12.874
202303 11.250 301.836 12.447
202306 11.141 305.109 12.194
202309 11.362 307.789 12.328
202312 11.078 306.746 12.061
202403 10.972 312.332 11.731
202406 11.117 314.175 11.817
202409 10.808 315.301 11.447
202412 11.533 315.605 12.203
202503 10.952 319.799 11.437
202506 10.221 322.561 10.582
202509 10.011 324.800 10.293
202512 9.960 324.054 10.264
202603 9.805 330.213 9.916
202606 9.779 333.952 9.779

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 Ladder Capital (FRA:LD1A) Overvalued in 2026?

Based on GuruFocus' analysis, Ladder Capital stock appears to be undervalued. The current stock price of €8.45 is trading 9% below its estimated GF Value™ of €9.29. GuruFocus considers Ladder Capital to be Fairly Valued.

Key valuation signals for FRA:LD1A:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €9.29 vs. price of €8.45 (9% below fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the FRA:LD1A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ladder Capital Business Description

Industry Real EstateREITs
Other Exchanges LADR:USA0JSZ:UK
Address 320 Park Avenue, 15th Floor, New York, NY, USA, 10022
Ladder Capital Corp is an internally-managed real estate investment trust that is in commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The company's investment activities include: (i) Primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment-grade securities secured by first mortgage loans on commercial real estate. The company has three reportable segments: Loans, which derive maximum revenue; Securities; and Real Estate.
58GF Score

Get the complete analysis for FRA:LD1A

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

€8.45
Price
€9.29
GF Value