Killam Apartment Real Estate Investment Trust (FRA:V8I) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

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:V8I Killam Apartment Real Estate Investment Trust FRA:V8I
80 GF Score
Price €10.31
GF Value €10.94
! 5 Warning Signs
View Full Analysis

What is Killam Apartment Real Estate Investment Trust 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


Killam Apartment Real Estate Investment Trust  (FRA:V8I) 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.


Killam Apartment Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


Killam Apartment Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Killam Apartment 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.

Killam Apartment Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Killam Apartment 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 1.67 1.03 1.06 0.94 0.83

Killam Apartment 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 1.02 0.92 0.83 0.78 0.89

FRA:V8I vs VMRK, EQR, ESS: Cyclically Adjusted PB Ratio Comparison

For the REIT - Residential subindustry, Killam Apartment 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.


Killam Apartment Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


FRA:V8I
80GF Score
Killam Apartment Real Estate Investment Trust FRA:V8I
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Killam Apartment 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.

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

For example, Killam Apartment 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)
=25.835/333.9520*333.9520
=25.835

Current CPI (Jun. 2026) = 333.9520.

Killam Apartment Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.137 241.428 15.405
201612 11.056 241.432 15.293
201703 11.237 243.801 15.392
201706 11.550 244.955 15.746
201709 11.593 246.819 15.686
201712 12.010 246.524 16.269
201803 12.706 249.554 17.003
201806 13.036 251.989 17.276
201809 13.202 252.439 17.465
201812 13.582 251.233 18.054
201903 13.885 254.202 18.241
201906 14.633 256.143 19.078
201909 14.991 256.759 19.498
201912 16.372 256.974 21.276
202003 16.602 258.115 21.480
202006 16.650 257.797 21.569
202009 16.831 260.280 21.595
202012 17.131 260.474 21.964
202103 17.224 264.877 21.716
202106 18.330 271.696 22.530
202109 18.588 274.310 22.630
202112 19.097 278.802 22.875
202203 19.478 287.504 22.625
202206 19.892 296.311 22.419
202209 19.738 296.808 22.208
202212 19.462 296.797 21.898
202303 19.990 301.836 22.117
202306 20.779 305.109 22.743
202309 21.174 307.789 22.974
202312 20.986 306.746 22.847
202403 21.870 312.332 23.384
202406 22.644 314.175 24.069
202409 22.983 315.301 24.343
202412 25.831 315.605 27.333
202503 26.468 319.799 27.639
202506 26.495 322.561 27.431
202509 26.636 324.800 27.387
202512 25.224 324.054 25.994
202603 25.415 330.213 25.703
202606 25.835 333.952 25.835

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 Killam Apartment Real Estate Investment Trust (FRA:V8I) Overvalued in 2026?

Based on GuruFocus' analysis, Killam Apartment Real Estate Investment Trust stock appears to be undervalued. The current stock price of €10.31 is trading 5.8% below its estimated GF Value™ of €10.94.

Key valuation signals for FRA:V8I:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €10.94 vs. price of €10.31 (5.8% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the FRA:V8I stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Killam Apartment Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges KMMPF:USAKMP.UN:Canada
Address 3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8
Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in acquiring, managing, and developing multi-residential apartment buildings, manufactured home communities (MHCs), and commercial properties in Canada. It has three reportable segments: Apartment, MHC, and Commercial. The Apartment segment generates maximum revenue and is engaged in acquiring, operating, managing, and developing multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia, and Prince Edward Island.
80GF Score

Get the complete analysis for FRA:V8I

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

€10.31
Price
€10.94
GF Value