Elme Communities (FRA:WRI) Cyclically Adjusted PB Ratio: (As of Jul. 23, 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:WRI Elme Communities FRA:WRI
27 GF Score
Price €1.24
! 7 Warning Signs
View Full Analysis

What is Elme Communities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Elme Communities  (FRA:WRI) 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.


Elme Communities Cyclically Adjusted PB Ratio Related Terms


Elme Communities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Elme Communities'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.

Elme Communities Cyclically Adjusted PB Ratio Chart

Elme Communities 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 1.69 1.10 0.88 0.92 1.06

Elme Communities 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 1.04 0.95 1.00 1.06 0.00

FRA:WRI vs FREVS, MRTI, CLPR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Residential subindustry, Elme Communities'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.


Elme Communities Cyclically Adjusted PB Ratio vs REITs Industry

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

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


FRA:WRI
27GF Score
Elme Communities FRA:WRI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elme Communities 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.

Elme Communities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Elme Communities'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)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

Elme Communities Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.684 241.018 16.008
201609 12.607 241.428 17.243
201612 13.354 241.432 18.265
201703 13.181 243.801 17.853
201706 12.568 244.955 16.942
201709 11.942 246.819 15.977
201712 11.785 246.524 15.786
201803 11.143 249.554 14.745
201806 11.669 251.989 15.291
201809 11.735 252.439 15.350
201812 11.749 251.233 15.443
201903 11.477 254.202 14.909
201906 11.166 256.143 14.395
201909 14.972 256.759 19.255
201912 15.476 256.974 19.887
202003 14.928 258.115 19.098
202006 14.327 257.797 18.352
202009 13.472 260.280 17.092
202012 12.862 260.474 16.306
202103 12.899 264.877 16.081
202106 12.521 271.696 15.218
202109 13.018 274.310 15.671
202112 13.509 278.802 16.000
202203 13.763 287.504 15.808
202206 14.113 296.311 15.728
202209 14.785 296.808 16.449
202212 13.626 296.797 15.160
202303 13.269 301.836 14.516
202306 12.936 305.109 14.000
202309 12.511 307.789 13.422
202312 12.044 306.746 12.965
202403 11.877 312.332 12.557
202406 11.800 314.175 12.402
202409 11.248 315.301 11.780
202412 11.736 315.605 12.279
202503 11.153 319.799 11.516
202506 10.288 322.561 10.532
202509 8.784 324.800 8.930
202512 2.300 324.054 2.344
202603 0.000 330.213 0.000

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.


Elme Communities Business Description

Industry Real EstateREITs
Other Exchanges ELME:USA
Address 7550 Wisconsin Avenue, Suite 900, Bethesda, MD, USA, 20814
Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. It derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Elme Communities' tenants are banking, consulting, law, and financial services firms. The company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities.
27GF Score

Get the complete analysis for FRA:WRI

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

€1.24
Price