IVT (InvenTrust Properties) Cyclically Adjusted PB Ratio: 1.22 (As of Jul. 13, 2026) — 67% Above Median


IVT InvenTrust Properties Corp IVT
74 GF Score
Price $35.43
GF Value $29.06
Valuation Modestly Overvalued
! 10 Warning Signs
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What is InvenTrust Properties Cyclically Adjusted PB Ratio?

InvenTrust Properties IVT +0.18% 74 Cyclically Adjusted PB Ratio is 1.22 as of Jul. 13, 2026, which is 67% above its 10-year median of 0.73. GuruFocus rates IVT with a GF Score™ of 74/100 and a GF Value™ of $29.06 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 559 REITs companies, InvenTrust Properties ranks worse than 73.17% on this metric.

As of today (2026-07-13), InvenTrust Properties's current share price is $35.425. InvenTrust Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $28.95. InvenTrust Properties's Cyclically Adjusted PB Ratio for today is 1.22.

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

IVT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.73   Max: 1.25
Current: 1.22

During the past years, InvenTrust Properties's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.03. And the median was 0.73.

IVT's Cyclically Adjusted PB Ratio is ranked worse than
73.17% of 559 companies
in the REITs industry
Industry Median: 0.82 vs IVT: 1.22

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.

InvenTrust Properties's adjusted book value per share data for the three months ended in Mar. 2026 was $22.815. 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 $28.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


InvenTrust Properties  (NYSE:IVT) 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.


InvenTrust Properties Cyclically Adjusted PB Ratio Related Terms


InvenTrust Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for InvenTrust Properties'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.

InvenTrust Properties Cyclically Adjusted PB Ratio Chart

InvenTrust Properties 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 0.75 0.68 0.79 1.03 0.98

InvenTrust Properties 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 1.01 0.94 0.99 0.98 1.05

IVT vs FCPT, AKR, UE: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, InvenTrust Properties'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.


InvenTrust Properties Cyclically Adjusted PB Ratio vs REITs Industry

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

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


IVT
74GF Score
InvenTrust Properties Corp IVT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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InvenTrust Properties 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.

InvenTrust Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.425/28.95
=1.22

* 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.

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

For example, InvenTrust Properties'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)
=22.815/330.2130*330.2130
=22.815

Current CPI (Mar. 2026) = 330.2130.

InvenTrust Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.887 241.018 34.097
201609 25.066 241.428 34.284
201612 25.211 241.432 34.482
201703 24.646 243.801 33.381
201706 24.745 244.955 33.358
201709 24.924 246.819 33.345
201712 24.613 246.524 32.969
201803 25.055 249.554 33.153
201806 25.182 251.989 32.999
201809 25.376 252.439 33.194
201812 25.424 251.233 33.417
201903 25.108 254.202 32.616
201906 24.848 256.143 32.033
201909 24.988 256.759 32.137
201912 25.244 256.974 32.439
202003 24.806 258.115 31.735
202006 24.474 257.797 31.349
202009 24.334 260.280 30.872
202012 24.151 260.474 30.617
202103 24.032 264.877 29.960
202106 23.894 271.696 29.040
202109 23.783 274.310 28.630
202112 23.336 278.802 27.639
202203 23.508 287.504 27.000
202206 24.018 296.311 26.766
202209 24.007 296.808 26.709
202212 23.771 296.797 26.447
202303 23.499 301.836 25.708
202306 23.440 305.109 25.369
202309 23.271 307.789 24.966
202312 22.918 306.746 24.671
202403 22.807 312.332 24.113
202406 22.610 314.175 23.764
202409 22.756 315.301 23.832
202412 22.724 315.605 23.776
202503 22.494 319.799 23.226
202506 23.481 322.561 24.038
202509 23.308 324.800 23.696
202512 23.095 324.054 23.534
202603 22.815 330.213 22.815

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.

What does a Cyclically Adjusted PB Ratio of 1.22 mean?
InvenTrust Properties (IVT) has a Cyclically Adjusted PB Ratio of 1.22 as of Jul. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on InvenTrust Properties and its competitors. This is 67% above median its historical median of 0.73. Over the past decade, InvenTrust Properties' Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.25. According to the industry distribution chart, InvenTrust Properties ranks #409 out of 559 companies in the REITs industry, placing it in the top 73.2%.
Is InvenTrust Properties' Cyclically Adjusted PB Ratio too high?
InvenTrust Properties' current Cyclically Adjusted PB Ratio of 1.22 is 67% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.25. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. InvenTrust Properties' value of 1.22 is 48.8% above this industry median. Based on the distribution chart, InvenTrust Properties ranks #409 out of 559 companies in the REITs industry, which is below the industry midpoint. Overall, InvenTrust Properties has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does InvenTrust Properties' Cyclically Adjusted PB Ratio compare to FCPT and AKR?
According to the REITs industry distribution chart, InvenTrust Properties ranks #409 out of 559 companies for Cyclically Adjusted PB Ratio. This places InvenTrust Properties in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. InvenTrust Properties' value of 1.22 is 48.8% above this benchmark. Historically, InvenTrust Properties' own Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.25 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.82, InvenTrust Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.82, based on 559 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. InvenTrust Properties's current Cyclically Adjusted PB Ratio of 1.22 is 48.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on InvenTrust Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InvenTrust Properties's current Cyclically Adjusted PB Ratio is 1.22, which is 67% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InvenTrust Properties stock overvalued right now?
Based on GuruFocus' analysis, InvenTrust Properties (IVT) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.06, compared to a current price of $35.43 — trading 21.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.22, which is 67% above median its 10-year median of 0.73 and 48.8% above the REITs industry median of 0.82. InvenTrust Properties' overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For InvenTrust Properties (IVT), the current Cyclically Adjusted PB Ratio is 1.22 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is InvenTrust Properties (IVT) Overvalued in 2026?

Based on GuruFocus' analysis, InvenTrust Properties stock appears to be overvalued. The current stock price of $35.43 is trading 21.9% above its estimated GF Value™ of $29.06. GuruFocus considers InvenTrust Properties to be Modestly Overvalued.

Key valuation signals for IVT:

  • Cyclically Adjusted PB Ratio: 1.22 (67% above median its 10-year median of 0.73)
  • GF Value™: $29.06 vs. price of $35.43 (21.9% above fair value)
  • GF Score™: 74/100 with 10 warning signs
  • Industry Position: 48.8% above the REITs median (#409 of 559)

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


InvenTrust Properties Business Description

Industry Real EstateREITs
Address 3025 Highland Parkway, Suite 350, Downers Grove, IL, USA, 60515
InvenTrust Properties Corp is the United States of America based company qualified as a REIT (Real Estate Investment Trust). It is focused on owning, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. The company's wholly-owned and managed retail properties include grocery-anchored community and neighborhood centers and power centers, including those classified as necessity-based. InvenTrust operates through a single segment i.e. multi-tenant retail.
74GF Score

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

$35.43
Price
$29.06
GF Value