Shurgard Self Storage (HAM:S8V) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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HAM:S8V Shurgard Self Storage Ltd HAM:S8V
59 GF Score
Price €23.05
GF Value €40.23
Valuation Possible Value Trap
! 8 Warning Signs
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What is Shurgard Self Storage 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


Shurgard Self Storage  (HAM:S8V) 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.


Shurgard Self Storage Cyclically Adjusted PB Ratio Related Terms


Shurgard Self Storage Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shurgard Self Storage'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.

Shurgard Self Storage Cyclically Adjusted PB Ratio Chart

Shurgard Self Storage 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 0.00 0.00 1.87 1.30 0.94

Shurgard Self Storage Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 1.30 0.00 0.94 0.00

HAM:S8V vs EQIX, AMT, DLR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Shurgard Self Storage'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.


Shurgard Self Storage Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Shurgard Self Storage's Cyclically Adjusted PB Ratio falls into.


HAM:S8V
59GF Score
Shurgard Self Storage Ltd HAM:S8V
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shurgard Self Storage 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.

Shurgard Self Storage's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shurgard Self Storage's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=44.715/324.0540*324.0540
=44.715

Current CPI (Dec25) = 324.0540.

Shurgard Self Storage Annual Data

Book Value per Share CPI Adj_Book
201612 12.890 241.432 17.301
201712 15.026 246.524 19.752
201812 20.183 251.233 26.033
201912 21.306 256.974 26.868
202012 23.517 260.474 29.257
202112 27.770 278.802 32.277
202212 32.099 296.797 35.047
202312 37.141 306.746 39.237
202412 40.727 315.605 41.817
202512 44.715 324.054 44.715

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 Shurgard Self Storage (HAM:S8V) Overvalued in 2026?

Based on GuruFocus' analysis, Shurgard Self Storage stock appears to be undervalued. The current stock price of €23.05 is trading 42.7% below its estimated GF Value™ of €40.23. GuruFocus considers Shurgard Self Storage to be Possible Value Trap.

Key valuation signals for HAM:S8V:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €40.23 vs. price of €23.05 (42.7% below fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the HAM:S8V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shurgard Self Storage Business Description

Industry Real EstateREITs
Address Admiral Park, St Peters Port, Ground Floor, Plaza House, Guernsey, GGY, GY1 2HU
Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging.
59GF Score

Get the complete analysis for HAM:S8V

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

€23.05
Price
€40.23
GF Value