PEB (Pebblebrook Hotel Trust) Cyclically Adjusted PB Ratio: 0.67 (As of Aug. 04, 2026) — 29% Above Median

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PEB Pebblebrook Hotel Trust PEB
68 GF Score
Price $19.13
GF Value $14.42
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio?

Pebblebrook Hotel Trust PEB -1.34% 68 Cyclically Adjusted PB Ratio is 0.67 as of Aug. 04, 2026, which is 29% above its 10-year median of 0.52. GuruFocus rates PEB with a GF Scoreâ„¢ of 68/100 and a GF Valueâ„¢ of $14.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 553 REITs companies, Pebblebrook Hotel Trust ranks better than 59.86% on this metric.

As of today (2026-08-04), Pebblebrook Hotel Trust's current share price is $19.13. Pebblebrook Hotel Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $28.73. Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio for today is 0.67.

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

PEB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.52   Max: 1.12
Current: 0.67

During the past years, Pebblebrook Hotel Trust's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.29. And the median was 0.52.

PEB's Cyclically Adjusted PB Ratio is ranked better than
59.86% of 553 companies
in the REITs industry
Industry Median: 0.81 vs PEB: 0.67

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.

Pebblebrook Hotel Trust's adjusted book value per share data for the three months ended in Jun. 2026 was $21.504. 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 $28.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pebblebrook Hotel Trust  (NYSE:PEB) 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.


Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio Related Terms


Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pebblebrook Hotel 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.

Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio Chart

Pebblebrook Hotel 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 0.82 0.47 0.56 0.47 0.40

Pebblebrook Hotel Trust 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 0.35 0.40 0.40 0.44 0.68

PEB vs SHO, XHR, RLJ: Cyclically Adjusted PB Ratio Comparison

For the REIT - Hotel & Motel subindustry, Pebblebrook Hotel 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.


Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


PEB
68GF Score
Pebblebrook Hotel Trust PEB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pebblebrook Hotel 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.

Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.13/28.73
=0.67

* 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.

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

For example, Pebblebrook Hotel Trust'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)
=21.504/333.9520*333.9520
=21.504

Current CPI (Jun. 2026) = 333.9520.

Pebblebrook Hotel Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.263 241.428 30.795
201612 22.324 241.432 30.879
201703 21.878 243.801 29.968
201706 21.946 244.955 29.919
201709 21.960 246.819 29.712
201712 21.781 246.524 29.505
201803 21.699 249.554 29.038
201806 22.162 251.989 29.371
201809 22.192 252.439 29.358
201812 28.851 251.233 38.350
201903 28.328 254.202 37.215
201906 28.199 256.143 36.765
201909 27.938 256.759 36.337
201912 27.750 256.974 36.063
202003 27.620 258.115 35.735
202006 26.558 257.797 34.403
202009 25.656 260.280 32.918
202012 24.926 260.474 31.957
202103 23.029 264.877 29.035
202106 24.702 271.696 30.362
202109 24.421 274.310 29.731
202112 24.125 278.802 28.897
202203 23.504 287.504 27.301
202206 23.724 296.311 26.738
202209 23.952 296.808 26.949
202212 23.715 296.797 26.684
202303 23.581 301.836 26.090
202306 24.272 305.109 26.567
202309 23.731 307.789 25.748
202312 22.990 306.746 25.029
202403 22.697 312.332 24.268
202406 22.861 314.175 24.300
202409 22.990 315.301 24.350
202412 22.611 315.605 23.925
202503 22.277 319.799 23.263
202506 22.327 322.561 23.115
202509 22.084 324.800 22.706
202512 21.808 324.054 22.474
202603 21.569 330.213 21.813
202606 21.504 333.952 21.504

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 0.67 mean?
Pebblebrook Hotel Trust (PEB) has a Cyclically Adjusted PB Ratio of 0.67 as of Aug. 04, 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 Pebblebrook Hotel Trust and its competitors. This is 29% above median its historical median of 0.52. Over the past decade, Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.12. According to the industry distribution chart, Pebblebrook Hotel Trust ranks #222 out of 553 companies in the REITs industry, placing it in the top 40.1%.
Is Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio too high?
Pebblebrook Hotel Trust's current Cyclically Adjusted PB Ratio of 0.67 is 29% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.12. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Pebblebrook Hotel Trust's value of 0.67 is 17.3% below this industry median. Based on the distribution chart, Pebblebrook Hotel Trust ranks #222 out of 553 companies in the REITs industry, which is above the industry midpoint. Overall, Pebblebrook Hotel Trust has a GF Scoreâ„¢ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio compare to SHO and XHR?
According to the REITs industry distribution chart, Pebblebrook Hotel Trust ranks #222 out of 553 companies for Cyclically Adjusted PB Ratio. This puts Pebblebrook Hotel Trust in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Pebblebrook Hotel Trust's value of 0.67 is 17.3% below this benchmark. Historically, Pebblebrook Hotel Trust's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.12 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.81, Pebblebrook Hotel Trust has consistently been below 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 0.81, based on 553 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. Pebblebrook Hotel Trust's current Cyclically Adjusted PB Ratio of 0.67 is 17.3% below 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 Pebblebrook Hotel Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pebblebrook Hotel Trust's current Cyclically Adjusted PB Ratio is 0.67, which is 29% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pebblebrook Hotel Trust stock overvalued right now?
Based on GuruFocus' analysis, Pebblebrook Hotel Trust (PEB) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.42, compared to a current price of $19.13 — trading 32.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 29% above median its 10-year median of 0.52 and 17.3% below the REITs industry median of 0.81. Pebblebrook Hotel Trust's overall GF Score™ is 68/100 with 7 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 Pebblebrook Hotel Trust (PEB), the current Cyclically Adjusted PB Ratio is 0.67 as of Aug. 04, 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 Pebblebrook Hotel Trust (PEB) Overvalued in 2026?

Based on GuruFocus' analysis, Pebblebrook Hotel Trust stock appears to be overvalued. The current stock price of $19.13 is trading 32.7% above its estimated GF Value™ of $14.42. GuruFocus considers Pebblebrook Hotel Trust to be Significantly Overvalued.

Key valuation signals for PEB:

  • Cyclically Adjusted PB Ratio: 0.67 (29% above median its 10-year median of 0.52)
  • GF Value™: $14.42 vs. price of $19.13 (32.7% above fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 17.3% below the REITs median (#222 of 553)

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


Pebblebrook Hotel Trust Business Description

Industry Real EstateREITs
Address 4747 Bethesda Avenue, Suite 1100, Bethesda, MD, USA, 20814
Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,052 rooms across 44 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
68GF Score

Get the complete analysis for PEB

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

$19.13
Price
$14.42
GF Value