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NNN (NNN REIT) Cyclically Adjusted PB Ratio : 1.58 (As of May. 28, 2025)


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What is NNN REIT Cyclically Adjusted PB Ratio?

As of today (2025-05-28), NNN REIT's current share price is $41.14. NNN REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $26.05. NNN REIT's Cyclically Adjusted PB Ratio for today is 1.58.

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

NNN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.96   Max: 2.78
Current: 1.6

During the past years, NNN REIT's highest Cyclically Adjusted PB Ratio was 2.78. The lowest was 1.26. And the median was 1.96.

NNN's Cyclically Adjusted PB Ratio is ranked worse than
81.12% of 519 companies
in the REITs industry
Industry Median: 0.79 vs NNN: 1.60

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.

NNN REIT's adjusted book value per share data for the three months ended in Mar. 2025 was $23.179. 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 $26.05 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NNN REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NNN REIT'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.

NNN REIT Cyclically Adjusted PB Ratio Chart

NNN REIT 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 1.91 2.08 1.87 1.71 1.58

NNN REIT 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 1.67 1.66 1.88 1.58 1.64

Competitive Comparison of NNN REIT's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, NNN REIT'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.


NNN REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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NNN REIT 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.

NNN REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.14/26.05
=1.58

* 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.

NNN REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NNN REIT'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)
=23.179/134.9266*134.9266
=23.179

Current CPI (Mar. 2025) = 134.9266.

NNN REIT Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.123 100.684 25.627
201509 19.115 100.392 25.691
201512 19.624 99.792 26.533
201603 19.959 100.470 26.804
201606 20.358 101.688 27.012
201609 20.417 101.861 27.045
201612 20.366 101.863 26.977
201703 20.476 102.862 26.859
201706 20.480 103.349 26.738
201709 20.661 104.136 26.770
201712 20.889 104.011 27.098
201803 21.006 105.290 26.919
201806 21.379 106.317 27.132
201809 21.672 106.507 27.455
201812 21.806 105.998 27.757
201903 21.731 107.251 27.339
201906 21.955 108.070 27.411
201909 23.270 108.329 28.983
201912 23.220 108.420 28.897
202003 23.005 108.902 28.503
202006 22.870 108.767 28.370
202009 22.692 109.815 27.881
202012 22.680 109.897 27.846
202103 22.456 111.754 27.112
202106 22.357 114.631 26.315
202109 22.294 115.734 25.991
202112 22.214 117.630 25.481
202203 22.170 121.301 24.660
202206 22.170 125.017 23.927
202209 22.419 125.227 24.156
202212 22.728 125.222 24.489
202303 22.708 127.348 24.059
202306 22.752 128.729 23.847
202309 22.791 129.860 23.680
202312 22.784 129.419 23.754
202403 22.770 131.776 23.314
202406 22.840 132.554 23.249
202409 23.298 133.029 23.630
202412 23.260 133.157 23.569
202503 23.179 134.927 23.179

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.


NNN REIT  (NYSE:NNN) 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.


NNN REIT Cyclically Adjusted PB Ratio Related Terms

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


NNN REIT Business Description

Industry
Traded in Other Exchanges
Address
450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue. The maximum of the company's properties are located in the South and Southeast of the United States.
Executives
Horn Stephen A Jr officer: EVP & Chief Acquisitions Offic 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Michelle Lynn Miller officer: EVP & Chief Accounting Officer 450 S ORANGE AVE, STE 900, ORLANDO FL 32801-3339
Jonathan Adamo officer: EVP, Portfolio Operations 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Kevin B Habicht director, officer: EVP & CFO CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Christopher Paul Tessitore officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Elizabeth Gulacsy director C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Kamau Omari Witherspoon director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Julian E Whitehurst officer: EVP & General Counsel
Steven D Cosler director PRIORITY HEALTHCARE CORPORATION, 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
David M Fick director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Paul Eugene Bayer officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Betsy D Holden director DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Craig Macnab officer: Chief Executive Officer C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Beall Pamela K.m. director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Ted B Lanier director CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801