Plaza Retail REIT (FRA:VG0) Cyclically Adjusted PB Ratio: (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:VG0 Plaza Retail REIT FRA:VG0
76 GF Score
Price €2.76
GF Value €2.17
! 13 Warning Signs
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What is Plaza Retail REIT 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


Plaza Retail REIT  (FRA:VG0) 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.


Plaza Retail REIT Cyclically Adjusted PB Ratio Related Terms


Plaza Retail REIT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Plaza Retail 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.

Plaza Retail REIT Cyclically Adjusted PB Ratio Chart

Plaza Retail 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 1.00 0.89 0.70 0.67 0.80

Plaza Retail REIT 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 0.73 0.78 0.80 0.78 0.86

FRA:VG0 vs : Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Plaza Retail 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.


Plaza Retail REIT Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Plaza Retail REIT's Cyclically Adjusted PB Ratio falls into.


FRA:VG0
76GF Score
Plaza Retail REIT FRA:VG0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Plaza Retail 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.

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

For example, Plaza Retail REIT'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)
=5.243/333.9520*333.9520
=5.243

Current CPI (Jun. 2026) = 333.9520.

Plaza Retail REIT Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.512 241.428 6.241
201612 4.547 241.432 6.289
201703 4.492 243.801 6.153
201706 4.485 244.955 6.114
201709 4.492 246.819 6.078
201712 4.516 246.524 6.118
201803 4.414 249.554 5.907
201806 4.413 251.989 5.848
201809 4.409 252.439 5.833
201812 4.349 251.233 5.781
201903 4.437 254.202 5.829
201906 4.532 256.143 5.909
201909 4.561 256.759 5.932
201912 4.572 256.974 5.942
202003 4.484 258.115 5.801
202006 4.108 257.797 5.322
202009 4.128 260.280 5.296
202012 4.149 260.474 5.319
202103 4.198 264.877 5.293
202106 4.315 271.696 5.304
202109 4.518 274.310 5.500
202112 4.849 278.802 5.808
202203 5.029 287.504 5.841
202206 5.028 296.311 5.667
202209 5.028 296.808 5.657
202212 5.097 296.797 5.735
202303 5.049 301.836 5.586
202306 5.096 305.109 5.578
202309 5.056 307.789 5.486
202312 4.951 306.746 5.390
202403 4.967 312.332 5.311
202406 4.918 314.175 5.228
202409 4.894 315.301 5.183
202412 4.898 315.605 5.183
202503 4.912 319.799 5.129
202506 4.956 322.561 5.131
202509 4.965 324.800 5.105
202512 5.118 324.054 5.274
202603 5.163 330.213 5.221
202606 5.243 333.952 5.243

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 Plaza Retail REIT (FRA:VG0) Overvalued in 2026?

Based on GuruFocus' analysis, Plaza Retail REIT stock appears to be overvalued. The current stock price of €2.76 is trading 27.1% above its estimated GF Value™ of €2.17.

Key valuation signals for FRA:VG0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.17 vs. price of €2.76 (27.1% above fair value)
  • GF Score™: 76/100 with 13 warning signs

No single metric tells the full story. See the FRA:VG0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Plaza Retail REIT Business Description

Industry Real EstateREITs
Comparable Companies
Other Exchanges PAZRF:USAPLZ.UN:Canada
Address 98 Main Street, Fredericton, NB, CAN, E3A 9N6
Plaza Retail REIT is an unincorporated, open-ended real estate investment trust. It operates as a developer, owner, and manager of retail real estate located mainly in Ontario, Quebec, and Atlantic Canada. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets, and is predominantly occupied by national tenants. Additionally, it also holds land for development.
76GF Score

Get the complete analysis for FRA:VG0

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

€2.76
Price
€2.17
GF Value