GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (OTCPK:MGRUF) » Definitions » Cyclically Adjusted PB Ratio

MGRUF (Morguard Real Estate Investment Trust) Cyclically Adjusted PB Ratio : 0.24 (As of May. 31, 2025)


View and export this data going back to 2009. Start your Free Trial

What is Morguard Real Estate Investment Trust Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Morguard Real Estate Investment Trust's current share price is $4.25. Morguard Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.61. Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.24.

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

MGRUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.24   Max: 1.06
Current: 0.24

During the past years, Morguard Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 1.06. The lowest was 0.16. And the median was 0.24.

MGRUF's Cyclically Adjusted PB Ratio is ranked better than
89.64% of 521 companies
in the REITs industry
Industry Median: 0.79 vs MGRUF: 0.24

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.

Morguard Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2025 was $9.376. 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 $17.61 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morguard Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Morguard Real Estate 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.

* Premium members only.

Morguard Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Morguard Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.20 0.19 0.20 0.22

Morguard Real Estate Investment Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.20 0.20 0.22 0.22 0.22

Competitive Comparison of Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Morguard Real Estate 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.


Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


;
;

Morguard Real Estate 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.

Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.25/17.61
=0.24

* 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.

Morguard Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Morguard Real Estate Investment Trust's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.376/129.1809*129.1809
=9.376

Current CPI (Mar. 2025) = 129.1809.

Morguard Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 20.510 100.500 26.363
201509 19.315 100.421 24.847
201512 18.636 99.947 24.087
201603 19.597 101.054 25.052
201606 20.157 102.002 25.528
201609 19.799 101.765 25.133
201612 19.239 101.449 24.498
201703 19.461 102.634 24.495
201706 20.061 103.029 25.153
201709 21.315 103.345 26.644
201712 20.202 103.345 25.253
201803 19.984 105.004 24.585
201806 20.052 105.557 24.540
201809 20.069 105.636 24.542
201812 19.380 105.399 23.753
201903 19.502 106.979 23.549
201906 19.382 107.690 23.250
201909 19.347 107.611 23.225
201912 19.220 107.769 23.039
202003 16.751 107.927 20.050
202006 15.661 108.401 18.663
202009 14.717 108.164 17.577
202012 14.094 108.559 16.771
202103 14.358 110.298 16.816
202106 14.644 111.720 16.933
202109 14.156 112.905 16.197
202112 14.027 113.774 15.926
202203 14.625 117.646 16.059
202206 14.747 120.806 15.769
202209 13.428 120.648 14.378
202212 12.044 120.964 12.862
202303 11.853 122.702 12.479
202306 12.139 124.203 12.625
202309 11.420 125.230 11.780
202312 11.148 125.072 11.514
202403 10.581 126.258 10.826
202406 10.381 127.522 10.516
202409 10.599 127.285 10.757
202412 9.653 127.364 9.791
202503 9.376 129.181 9.376

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.


Morguard Real Estate Investment Trust  (OTCPK:MGRUF) 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.


Morguard Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Morguard Real Estate Investment Trust's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Morguard Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It derives maximum revenue from the Retail segment.