GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Terreno Realty Corp (FRA:T37) » Definitions » Cyclically Adjusted PB Ratio

Terreno Realty (FRA:T37) Cyclically Adjusted PB Ratio : 1.94 (As of Jun. 02, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Terreno Realty Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Terreno Realty's current share price is €49.80. Terreno Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €25.62. Terreno Realty's Cyclically Adjusted PB Ratio for today is 1.94.

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

FRA:T37' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.94   Med: 2.71   Max: 4.06
Current: 2

During the past years, Terreno Realty's highest Cyclically Adjusted PB Ratio was 4.06. The lowest was 1.94. And the median was 2.71.

FRA:T37's Cyclically Adjusted PB Ratio is ranked worse than
88.08% of 520 companies
in the REITs industry
Industry Median: 0.815 vs FRA:T37: 2.00

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.

Terreno Realty's adjusted book value per share data for the three months ended in Mar. 2025 was €35.055. 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 €25.62 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terreno Realty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Terreno Realty'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.

* Premium members only.

Terreno Realty Cyclically Adjusted PB Ratio Chart

Terreno Realty Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 4.06 2.45 2.49 2.16

Terreno Realty Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.55 2.23 2.47 2.16 2.24

Competitive Comparison of Terreno Realty's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, Terreno Realty'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.


Terreno Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


;
;

Terreno Realty 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.80/25.62
=1.94

* 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.

Terreno Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Terreno Realty's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=35.055/134.9266*134.9266
=35.055

Current CPI (Mar. 2025) = 134.9266.

Terreno Realty Quarterly Data

Book Value per Share CPI Adj_Book
201506 14.463 100.684 19.382
201509 14.296 100.392 19.214
201512 14.563 99.792 19.690
201603 14.228 100.470 19.107
201606 14.374 101.688 19.072
201609 14.335 101.861 18.988
201612 15.312 101.863 20.282
201703 15.438 102.862 20.250
201706 15.486 103.349 20.218
201709 15.347 104.136 19.885
201712 15.681 104.011 20.342
201803 15.049 105.290 19.285
201806 16.761 106.317 21.271
201809 16.913 106.507 21.426
201812 17.976 105.998 22.882
201903 18.690 107.251 23.513
201906 19.406 108.070 24.229
201909 20.404 108.329 25.414
201912 20.303 108.420 25.267
202003 20.624 108.902 25.553
202006 20.656 108.767 25.624
202009 19.715 109.815 24.223
202012 19.093 109.897 23.442
202103 19.859 111.754 23.977
202106 20.124 114.631 23.687
202109 20.952 115.734 24.426
202112 24.262 117.630 27.830
202203 24.837 121.301 27.627
202206 26.818 125.017 28.944
202209 28.736 125.227 30.962
202212 27.529 125.222 29.663
202303 29.395 127.348 31.144
202306 29.366 128.729 30.780
202309 30.217 129.860 31.396
202312 30.550 129.419 31.850
202403 32.944 131.776 33.732
202406 33.222 132.554 33.817
202409 32.973 133.029 33.443
202412 35.244 133.157 35.712
202503 35.055 134.927 35.055

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.


Terreno Realty  (FRA:T37) 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.


Terreno Realty Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Terreno Realty's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Terreno Realty Business Description

Industry
Traded in Other Exchanges
Address
10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.

Terreno Realty Headlines

No Headlines