Riocan Real Estate Investment Trust (FRA:R7G) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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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:R7G Riocan Real Estate Investment Trust FRA:R7G
79 GF Score
Price €12.71
GF Value €12.61
! 8 Warning Signs
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What is Riocan Real Estate Investment Trust Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Riocan Real Estate Investment Trust  (FRA:R7G) 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.


Riocan Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


Riocan Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Riocan Real Estate Investment 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.

Riocan Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Riocan Real Estate Investment 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 0.84 0.74 0.63 0.62 0.60

Riocan Real Estate Investment 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 0.55 0.58 0.59 0.59 0.72

FRA:R7G vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Riocan Real Estate Investment 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.


Riocan Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Riocan Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


FRA:R7G
79GF Score
Riocan Real Estate Investment Trust FRA:R7G
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riocan Real Estate Investment 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.

Riocan Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Riocan Real Estate Investment 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)
=15.199/133.5265*133.5265
=15.199

Current CPI (Jun. 2026) = 133.5265.

Riocan Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.178 101.765 21.227
201612 17.025 101.449 22.408
201703 16.998 102.634 22.114
201706 16.436 103.029 21.301
201709 16.598 103.345 21.445
201712 16.516 103.345 21.339
201803 15.730 105.004 20.003
201806 16.249 105.557 20.555
201809 16.675 105.636 21.078
201812 16.094 105.399 20.389
201903 16.889 106.979 21.080
201906 17.323 107.690 21.479
201909 18.022 107.611 22.362
201912 17.959 107.769 22.251
202003 16.599 107.927 20.536
202006 15.984 108.401 19.689
202009 15.629 108.164 19.294
202012 15.617 108.559 19.209
202103 16.607 110.298 20.104
202106 16.872 111.720 20.165
202109 17.025 112.905 20.135
202112 17.778 113.774 20.864
202203 18.682 117.646 21.204
202206 19.388 120.806 21.430
202209 19.255 120.648 21.310
202212 17.795 120.964 19.643
202303 17.566 122.702 19.116
202306 18.009 124.203 19.361
202309 17.806 125.230 18.986
202312 16.995 125.072 18.144
202403 17.028 126.258 18.008
202406 17.063 127.522 17.866
202409 16.586 127.285 17.399
202412 16.891 127.364 17.708
202503 15.836 129.181 16.369
202506 15.541 129.892 15.976
202509 14.793 130.287 15.161
202512 15.138 130.366 15.505
202603 15.186 132.262 15.331
202606 15.199 133.527 15.199

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 Riocan Real Estate Investment Trust (FRA:R7G) Overvalued in 2026?

Based on GuruFocus' analysis, Riocan Real Estate Investment Trust stock appears to be overvalued. The current stock price of €12.71 is trading 0.8% above its estimated GF Value™ of €12.61.

Key valuation signals for FRA:R7G:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €12.61 vs. price of €12.71 (0.8% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the FRA:R7G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riocan Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges RIOCF:USAREI.UN:Canada
Address 2300 Yonge Street, Suite 500, P. O. Box 2386, RioCan Yonge Eglinton Centre, Toronto, ON, CAN, M4P 1E4
Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with majority of its properties located in Ontario, Canada. The company's tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates.
79GF Score

Get the complete analysis for FRA:R7G

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

€12.71
Price
€12.61
GF Value