O (Realtyome) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

O Realty Income Corp O
86 GF Score
Price $62.51
GF Value $60.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Realtyome Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Realtyome  (NYSE:O) 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.


Realtyome Cyclically Adjusted PB Ratio Related Terms


Realtyome Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Realtyome'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.

Realtyome Cyclically Adjusted PB Ratio Chart

Realtyome 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 2.52 1.94 1.63 1.42 1.42

Realtyome 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 1.48 1.54 1.42 1.51 1.50

O vs SPG, KIM, REG: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Realtyome'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.


Realtyome Cyclically Adjusted PB Ratio vs REITs Industry

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

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


O
86GF Score
Realty Income Corp O
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Realtyome 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.

Realtyome's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Realtyome'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)
=42.314/333.9520*333.9520
=42.314

Current CPI (Jun. 2026) = 333.9520.

Realtyome Quarterly Data

Book Value per Share CPI Adj_Book
201609 24.592 241.428 34.017
201612 24.490 241.432 33.875
201703 25.764 243.801 35.291
201706 25.547 244.955 34.829
201709 26.100 246.819 35.314
201712 25.936 246.524 35.134
201803 25.557 249.554 34.200
201806 25.776 251.989 34.160
201809 26.008 252.439 34.406
201812 26.630 251.233 35.398
201903 26.279 254.202 34.523
201906 27.772 256.143 36.208
201909 28.515 256.759 37.088
201912 29.298 256.974 38.074
202003 30.250 258.115 39.138
202006 29.982 257.797 38.839
202009 29.865 260.280 38.318
202012 30.405 260.474 38.982
202103 30.882 264.877 38.935
202106 31.142 271.696 38.278
202109 32.991 274.310 40.164
202112 42.371 278.802 50.752
202203 42.393 287.504 49.242
202206 42.630 296.311 48.045
202209 42.633 296.808 47.968
202212 43.485 296.797 48.929
202303 43.462 301.836 48.086
202306 43.940 305.109 48.094
202309 43.732 307.789 47.449
202312 43.778 306.746 47.661
202403 44.773 312.332 47.872
202406 44.304 314.175 47.093
202409 43.942 315.301 46.541
202412 43.567 315.605 46.100
202503 43.221 319.799 45.134
202506 42.824 322.561 44.336
202509 42.451 324.800 43.647
202512 42.227 324.054 43.517
202603 41.982 330.213 42.457
202606 42.314 333.952 42.314

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 Realtyome (O) Overvalued in 2026?

Based on GuruFocus' analysis, Realtyome stock appears to be overvalued. The current stock price of $62.51 is trading 2.7% above its estimated GF Value™ of $60.89. GuruFocus considers Realtyome to be Fairly Valued.

Key valuation signals for O:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $60.89 vs. price of $62.51 (2.7% above fair value)
  • GF Score™: 86/100 with 7 warning signs

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


Realtyome Business Description

Industry Real EstateREITs
Address 11995 El Camino Real, San Diego, CA, USA, 92130
Realty Income owns roughly 15,500 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
86GF 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.

$62.51
Price
$60.89
GF Value