PEB (Pebblebrook Hotel Trust) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

PEB Pebblebrook Hotel Trust PEB
70 GF Score
Price $18.04
GF Value $13.99
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Pebblebrook Hotel Trust Cyclically Adjusted PB Ratio?

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 0.81 0.46 0.54 0.46 0.39

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 0.34 0.39 0.39 0.43 0.67

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
70GF 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 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)
=22.349/333.9520*333.9520
=22.349

Current CPI (Jun. 2026) = 333.9520.

Pebblebrook Hotel Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.308 241.428 30.857
201612 22.371 241.432 30.944
201703 21.932 243.801 30.042
201706 22.006 244.955 30.001
201709 22.024 246.819 29.799
201712 21.848 246.524 29.596
201803 21.770 249.554 29.133
201806 22.239 251.989 29.473
201809 22.273 252.439 29.465
201812 28.929 251.233 38.454
201903 28.406 254.202 37.318
201906 28.280 256.143 36.871
201909 28.021 256.759 36.445
201912 27.833 256.974 36.171
202003 27.784 258.115 35.947
202006 26.719 257.797 34.612
202009 25.712 260.280 32.990
202012 24.979 260.474 32.025
202103 23.078 264.877 29.096
202106 24.755 271.696 30.427
202109 24.478 274.310 29.800
202112 24.184 278.802 28.968
202203 23.564 287.504 27.371
202206 24.387 296.311 27.485
202209 24.622 296.808 27.703
202212 24.411 296.797 27.467
202303 24.296 301.836 26.881
202306 25.020 305.109 27.385
202309 24.481 307.789 26.562
202312 23.713 306.746 25.816
202403 23.425 312.332 25.047
202406 23.599 314.175 25.085
202409 23.822 315.301 25.231
202412 23.369 315.605 24.728
202503 23.049 319.799 24.069
202506 23.110 322.561 23.926
202509 22.903 324.800 23.548
202512 22.639 324.054 23.330
202603 22.403 330.213 22.657
202606 22.349 333.952 22.349

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 Pebblebrook Hotel Trust (PEB) Overvalued in 2026?

Based on GuruFocus' analysis, Pebblebrook Hotel Trust stock appears to be overvalued. The current stock price of $18.04 is trading 28.9% above its estimated GF Value™ of $13.99. GuruFocus considers Pebblebrook Hotel Trust to be Modestly Overvalued.

Key valuation signals for PEB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $13.99 vs. price of $18.04 (28.9% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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.
70GF 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.

$18.04
Price
$13.99
GF Value