Federal Realty Investment Trust (MEX:FRIT) Cyclically Adjusted PB Ratio: 2.85 (As of Jul. 20, 2026) — 20% Below Median

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Director of Data and Quant Analytics at GuruFocus
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MEX:FRIT Federal Realty Investment Trust MEX:FRIT
80 GF Score
Price MXN1,800.00
GF Value MXN1,565.04
! 11 Warning Signs
View Full Analysis

What is Federal Realty Investment Trust Cyclically Adjusted PB Ratio?

Federal Realty Investment Trust MEX:FRIT 80 Cyclically Adjusted PB Ratio is 2.85 as of Jul. 20, 2026, which is 20% below its 10-year median of 3.56. GuruFocus rates MEX:FRIT with a GF Score™ of 80/100 and a GF Value™ of MXN1,565.04. The stock has 11 warning signs investors should review. Among 557 REITs companies, Federal Realty Investment Trust ranks worse than 94.25% on this metric.

As of today (2026-07-20), Federal Realty Investment Trust's current share price is MXN1800.00. Federal Realty Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN631.13. Federal Realty Investment Trust's Cyclically Adjusted PB Ratio for today is 2.85.

The historical rank and industry rank for Federal Realty Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:FRIT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.49   Med: 3.56   Max: 7.99
Current: 3.38

During the past years, Federal Realty Investment Trust's highest Cyclically Adjusted PB Ratio was 7.99. The lowest was 2.49. And the median was 3.56.

MEX:FRIT's Cyclically Adjusted PB Ratio is ranked worse than
94.25% of 557 companies
in the REITs industry
Industry Median: 0.83 vs MEX:FRIT: 3.38

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.

Federal Realty Investment Trust's adjusted book value per share data for the three months ended in Mar. 2026 was MXN657.816. 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 MXN631.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Realty Investment Trust  (MEX:FRIT) 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.


Federal Realty Investment Trust Cyclically Adjusted PB Ratio Related Terms


Federal Realty Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Federal Realty 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.

Federal Realty Investment Trust Cyclically Adjusted PB Ratio Chart

Federal Realty 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 4.64 3.15 3.05 3.18 2.76

Federal Realty Investment Trust 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 2.73 2.62 2.77 2.76 2.85

MEX:FRIT vs BRX, ADC, NNN: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Federal Realty 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.


Federal Realty Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Federal Realty Investment Trust's Cyclically Adjusted PB Ratio falls into.


MEX:FRIT
80GF Score
Federal Realty Investment Trust MEX:FRIT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Realty 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.

Federal Realty Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1800.00/631.13
=2.85

* 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.

Federal Realty Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Federal Realty Investment Trust'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)
=657.816/330.2130*330.2130
=657.816

Current CPI (Mar. 2026) = 330.2130.

Federal Realty Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 495.565 241.018 678.962
201609 528.672 241.428 723.091
201612 563.201 241.432 770.305
201703 513.934 243.801 696.091
201706 495.956 244.955 668.576
201709 512.585 246.819 685.775
201712 566.071 246.524 758.239
201803 519.004 249.554 686.753
201806 563.235 251.989 738.078
201809 544.943 252.439 712.835
201812 578.048 251.233 759.769
201903 577.547 254.202 750.244
201906 575.926 256.143 742.469
201909 604.049 256.759 776.856
201912 593.042 256.974 762.062
202003 726.205 258.115 929.052
202006 694.080 257.797 889.049
202009 633.125 260.280 803.235
202012 597.369 260.474 757.308
202103 621.069 264.877 774.265
202106 596.479 271.696 724.947
202109 608.378 274.310 732.362
202112 631.735 278.802 748.227
202203 620.208 287.504 712.341
202206 655.553 296.311 730.557
202209 679.002 296.808 755.422
202212 669.701 296.797 745.102
202303 611.530 301.836 669.023
202306 576.441 305.109 623.870
202309 580.948 307.789 623.273
202312 574.938 306.746 618.923
202403 551.864 312.332 583.458
202406 621.503 314.175 653.229
202409 684.129 315.301 716.485
202412 733.227 315.605 767.165
202503 719.152 319.799 742.571
202506 674.317 322.561 690.314
202509 649.580 324.800 660.406
202512 644.726 324.054 656.980
202603 657.816 330.213 657.816

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 2.85 mean?
Federal Realty Investment Trust (MEX:FRIT) has a Cyclically Adjusted PB Ratio of 2.85 as of Jul. 20, 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 Federal Realty Investment Trust and its competitors. This is 20% below median its historical median of 3.56. Over the past decade, Federal Realty Investment Trust's Cyclically Adjusted PB Ratio has ranged from 2.49 to 7.99. According to the industry distribution chart, Federal Realty Investment Trust ranks #525 out of 557 companies in the REITs industry, placing it in the top 94.3%.
Is Federal Realty Investment Trust's Cyclically Adjusted PB Ratio too high?
Federal Realty Investment Trust's current Cyclically Adjusted PB Ratio of 2.85 is 20% below median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 7.99. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Federal Realty Investment Trust's value of 2.85 is 243.4% above this industry median. Based on the distribution chart, Federal Realty Investment Trust ranks #525 out of 557 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Federal Realty Investment Trust has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Federal Realty Investment Trust's Cyclically Adjusted PB Ratio compare to BRX and ADC?
According to the REITs industry distribution chart, Federal Realty Investment Trust ranks #525 out of 557 companies for Cyclically Adjusted PB Ratio. This places Federal Realty Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Federal Realty Investment Trust's value of 2.85 is 243.4% above this benchmark. Historically, Federal Realty Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 2.49 to 7.99 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 0.83, Federal Realty Investment Trust 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 0.83, based on 557 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. Federal Realty Investment Trust's current Cyclically Adjusted PB Ratio of 2.85 is 243.4% 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 Federal Realty Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Realty Investment Trust's current Cyclically Adjusted PB Ratio is 2.85, which is 20% below median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Realty Investment Trust stock overvalued right now?
Federal Realty Investment Trust (MEX:FRIT) has a current Cyclically Adjusted PB Ratio of 2.85. The stock's GF Value™ is MXN1,565.04, compared to a current price of MXN1,800.00 — trading 15% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.85, which is 20% below median its 10-year median of 3.56 and 243.4% above the REITs industry median of 0.83. Federal Realty Investment Trust's overall GF Score™ is 80/100 with 11 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 Federal Realty Investment Trust (MEX:FRIT), the current Cyclically Adjusted PB Ratio is 2.85 as of Jul. 20, 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 Federal Realty Investment Trust (MEX:FRIT) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Realty Investment Trust stock appears to be overvalued. The current stock price of MXN1,800.00 is trading 15% above its estimated GF Value™ of MXN1,565.04.

Key valuation signals for MEX:FRIT:

  • Cyclically Adjusted PB Ratio: 2.85 (20% below median its 10-year median of 3.56)
  • GF Value™: MXN1,565.04 vs. price of MXN1,800.00 (15% above fair value)
  • GF Score™: 80/100 with 11 warning signs
  • Industry Position: 243.4% above the REITs median (#525 of 557)

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


Federal Realty Investment Trust Business Description

Industry Real EstateREITs
Address 909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 104 properties, which includes 28.8 million square feet of retail space and 2,700 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
80GF Score

Get the complete analysis for MEX:FRIT

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

MXN1,800.00
Price
MXN1,565.04
GF Value