Sabra Health Care REIT (FRA:SBC) Cyclically Adjusted PB Ratio: 1.23 (As of Jul. 24, 2026) — 40% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:SBC Sabra Health Care REIT Inc FRA:SBC
80 GF Score
Price €19.39
GF Value €17.00
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Sabra Health Care REIT Cyclically Adjusted PB Ratio?

Sabra Health Care REIT FRA:SBC +1.49% 80 Cyclically Adjusted PB Ratio is 1.23 as of Jul. 24, 2026, which is 40% above its 10-year median of 0.88. GuruFocus rates FRA:SBC with a GF Score™ of 80/100 and a GF Value™ of €17.00 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 557 REITs companies, Sabra Health Care REIT ranks worse than 72.17% on this metric.

As of today (2026-07-24), Sabra Health Care REIT's current share price is €19.39. Sabra Health Care REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €15.71. Sabra Health Care REIT's Cyclically Adjusted PB Ratio for today is 1.23.

The historical rank and industry rank for Sabra Health Care REIT's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SBC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.88   Max: 1.21
Current: 1.21

During the past years, Sabra Health Care REIT's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.56. And the median was 0.88.

FRA:SBC's Cyclically Adjusted PB Ratio is ranked worse than
72.17% of 557 companies
in the REITs industry
Industry Median: 0.83 vs FRA:SBC: 1.21

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.

Sabra Health Care REIT's adjusted book value per share data for the three months ended in Mar. 2026 was €9.556. 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 €15.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sabra Health Care REIT  (FRA:SBC) 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.


Sabra Health Care REIT Cyclically Adjusted PB Ratio Related Terms


Sabra Health Care REIT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sabra Health Care 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.

Sabra Health Care REIT Cyclically Adjusted PB Ratio Chart

Sabra Health Care 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 0.80 0.68 0.76 0.93 1.05

Sabra Health Care REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.94 1.00 1.02 1.05 1.06

FRA:SBC vs NHI, HR, MPT: Cyclically Adjusted PB Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Sabra Health Care 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.


Sabra Health Care REIT Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Sabra Health Care REIT's Cyclically Adjusted PB Ratio falls into.


FRA:SBC
80GF Score
Sabra Health Care REIT Inc FRA:SBC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sabra Health Care 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.

Sabra Health Care REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.39/15.71
=1.23

* 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.

Sabra Health Care REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sabra Health Care REIT's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.556/330.2130*330.2130
=9.556

Current CPI (Mar. 2026) = 330.2130.

Sabra Health Care REIT Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.861 241.018 18.991
201609 13.841 241.428 18.931
201612 14.746 241.432 20.168
201703 14.356 243.801 19.444
201706 13.558 244.955 18.277
201709 16.076 246.819 21.508
201712 16.273 246.524 21.797
201803 15.567 249.554 20.598
201806 16.342 251.989 21.415
201809 16.165 252.439 21.145
201812 16.024 251.233 21.061
201903 15.111 254.202 19.629
201906 15.205 256.143 19.602
201909 15.387 256.759 19.789
201912 15.300 256.974 19.661
202003 14.948 258.115 19.123
202006 14.520 257.797 18.599
202009 13.803 260.280 17.512
202012 13.309 260.474 16.872
202103 13.629 264.877 16.991
202106 12.716 271.696 15.455
202109 12.812 274.310 15.423
202112 12.981 278.802 15.375
202203 13.216 287.504 15.179
202206 13.589 296.311 15.144
202209 14.031 296.808 15.610
202212 12.490 296.797 13.896
202303 12.024 301.836 13.154
202306 11.751 305.109 12.718
202309 11.626 307.789 12.473
202312 11.112 306.746 11.962
202403 10.997 312.332 11.627
202406 10.953 314.175 11.512
202409 10.453 315.301 10.947
202412 11.019 315.605 11.529
202503 10.505 319.799 10.847
202506 9.804 322.561 10.037
202509 9.652 324.800 9.813
202512 9.574 324.054 9.756
202603 9.556 330.213 9.556

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 1.23 mean?
Sabra Health Care REIT (FRA:SBC) has a Cyclically Adjusted PB Ratio of 1.23 as of Jul. 24, 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 Sabra Health Care REIT and its competitors. This is 40% above median its historical median of 0.88. Over the past decade, Sabra Health Care REIT's Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.21. According to the industry distribution chart, Sabra Health Care REIT ranks #402 out of 557 companies in the REITs industry, placing it in the top 72.2%.
Is Sabra Health Care REIT's Cyclically Adjusted PB Ratio too high?
Sabra Health Care REIT's current Cyclically Adjusted PB Ratio of 1.23 is 40% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.21. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Sabra Health Care REIT's value of 1.23 is 48.2% above this industry median. Based on the distribution chart, Sabra Health Care REIT ranks #402 out of 557 companies in the REITs industry, which is below the industry midpoint. Overall, Sabra Health Care REIT has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sabra Health Care REIT's Cyclically Adjusted PB Ratio compare to NHI and HR?
According to the REITs industry distribution chart, Sabra Health Care REIT ranks #402 out of 557 companies for Cyclically Adjusted PB Ratio. This places Sabra Health Care REIT in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Sabra Health Care REIT's value of 1.23 is 48.2% above this benchmark. Historically, Sabra Health Care REIT's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.21 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.83, Sabra Health Care REIT 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 0.83, based on 557 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. Sabra Health Care REIT's current Cyclically Adjusted PB Ratio of 1.23 is 48.2% 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 Sabra Health Care REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sabra Health Care REIT's current Cyclically Adjusted PB Ratio is 1.23, which is 40% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabra Health Care REIT stock overvalued right now?
Based on GuruFocus' analysis, Sabra Health Care REIT (FRA:SBC) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.00, compared to a current price of €19.39 — trading 14.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 40% above median its 10-year median of 0.88 and 48.2% above the REITs industry median of 0.83. Sabra Health Care REIT's overall GF Score™ is 80/100 with 11 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 Sabra Health Care REIT (FRA:SBC), the current Cyclically Adjusted PB Ratio is 1.23 as of Jul. 24, 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 Sabra Health Care REIT (FRA:SBC) Overvalued in 2026?

Based on GuruFocus' analysis, Sabra Health Care REIT stock appears to be overvalued. The current stock price of €19.39 is trading 14.1% above its estimated GF Value™ of €17.00. GuruFocus considers Sabra Health Care REIT to be Modestly Overvalued.

Key valuation signals for FRA:SBC:

  • Cyclically Adjusted PB Ratio: 1.23 (40% above median its 10-year median of 0.88)
  • GF Value™: €17.00 vs. price of €19.39 (14.1% above fair value)
  • GF Score™: 80/100 with 11 warning signs
  • Industry Position: 48.2% above the REITs median (#402 of 557)

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


Sabra Health Care REIT Business Description

Industry Real EstateREITs
Other Exchanges SBRA:USA
Address 1781 Flight Way, Tustin, CA, USA, 92782
Sabra Health Care REIT Inc is a healthcare facility real estate investment trust. The company operates one segment that owns and invests in healthcare real estate. All of the company's revenue is generated in the United States. Sabra's operations consist of nursing facilities, assisted living centers, and mental health facilities.
80GF Score

Get the complete analysis for FRA:SBC

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

€19.39
Price
€17.00
GF Value