NEN (New England Realty Associates LP) 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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Charlie Tian
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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.

NEN New England Realty Associates LP NEN
60 GF Score
Price $55.51
GF Value $91.95
Valuation Possible Value Trap
! 5 Warning Signs
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What is New England Realty Associates LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


New England Realty Associates LP  (AMEX:NEN) 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.


New England Realty Associates LP Cyclically Adjusted PB Ratio Related Terms


New England Realty Associates LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for New England Realty Associates LP'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.

New England Realty Associates LP Cyclically Adjusted PB Ratio Chart

New England Realty Associates LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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New England Realty Associates LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.00 0.00 0.00 0.00

NEN vs RMAX, DOUG, ARL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, New England Realty Associates LP'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.


New England Realty Associates LP Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where New England Realty Associates LP's Cyclically Adjusted PB Ratio falls into.


NEN
60GF Score
New England Realty Associates LP NEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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New England Realty Associates LP 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.

New England Realty Associates LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, New England Realty Associates LP's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-23.873/333.9520*333.9520
=-23.873

Current CPI (Jun. 2026) = 333.9520.

New England Realty Associates LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 -8.243 241.428 -11.402
201612 -9.171 241.432 -12.685
201703 -8.975 243.801 -12.294
201706 -8.609 244.955 -11.737
201709 -8.675 246.819 -11.737
201712 -9.463 246.524 -12.819
201803 -10.184 249.554 -13.628
201806 -9.545 251.989 -12.650
201809 -9.668 252.439 -12.790
201812 -9.546 251.233 -12.689
201903 -11.488 254.202 -15.092
201906 -10.353 256.143 -13.498
201909 -10.418 256.759 -13.550
201912 -10.337 256.974 -13.434
202003 -10.406 258.115 -13.463
202006 -10.326 257.797 -13.376
202009 -10.766 260.280 -13.813
202012 -11.352 260.474 -14.554
202103 -11.753 264.877 -14.818
202106 -11.917 271.696 -14.648
202109 -12.257 274.310 -14.922
202112 -13.523 278.802 -16.198
202203 -15.466 287.504 -17.965
202206 -16.502 296.311 -18.598
202209 -17.040 296.808 -19.172
202212 -16.733 296.797 -18.828
202303 -18.213 301.836 -20.151
202306 -18.063 305.109 -19.771
202309 -18.258 307.789 -19.810
202312 -18.551 306.746 -20.196
202403 -19.619 312.332 -20.977
202406 -19.085 314.175 -20.286
202409 -18.698 315.301 -19.804
202412 -17.838 315.605 -18.875
202503 -20.394 319.799 -21.297
202506 -19.723 322.561 -20.420
202509 -20.326 324.800 -20.899
202512 -21.271 324.054 -21.921
202603 -22.836 330.213 -23.095
202606 -23.873 333.952 -23.873

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 New England Realty Associates LP (NEN) Overvalued in 2026?

Based on GuruFocus' analysis, New England Realty Associates LP stock appears to be undervalued. The current stock price of $55.51 is trading 39.6% below its estimated GF Value™ of $91.95. GuruFocus considers New England Realty Associates LP to be Possible Value Trap.

Key valuation signals for NEN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $91.95 vs. price of $55.51 (39.6% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


New England Realty Associates LP Business Description

Address 39 Brighton Avenue, Allston, MA, USA, 02134
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating, and selling real estate. The Partnership owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent, and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
60GF 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.

$55.51
Price
$91.95
GF Value