SHO (Sunstone Hotel Investors) Cyclically Adjusted PB Ratio: 0.95 (As of Sep. 09, 2026) — Near Median

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SHO Sunstone Hotel Investors Inc SHO
77 GF Score
Price $10.91
GF Value $11.15
Valuation Fairly Valued
! 9 Warning Signs
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What is Sunstone Hotel Investors Cyclically Adjusted PB Ratio?

Sunstone Hotel Investors SHO +0.46% 77 Cyclically Adjusted PB Ratio is 0.95 as of Sep. 09, 2026, which is 5% below its 10-year median of 1.00. GuruFocus rates SHO with a GF Score™ of 77/100 and a GF Value™ of $11.15 (Fairly Valued). The stock has 9 warning signs investors should review. Among 551 REITs companies, Sunstone Hotel Investors ranks worse than 59.89% on this metric.

As of today (2026-09-09), Sunstone Hotel Investors's current share price is $10.91. Sunstone Hotel Investors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $11.52. Sunstone Hotel Investors's Cyclically Adjusted PB Ratio for today is 0.95.

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

SHO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1   Max: 1.63
Current: 0.94

During the past years, Sunstone Hotel Investors's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.69. And the median was 1.00.

SHO's Cyclically Adjusted PB Ratio is ranked worse than
59.89% of 551 companies
in the REITs industry
Industry Median: 0.78 vs SHO: 0.94

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.

Sunstone Hotel Investors's adjusted book value per share data for the three months ended in Jun. 2026 was $8.796. 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 $11.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sunstone Hotel Investors  (NYSE:SHO) 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.


Sunstone Hotel Investors Cyclically Adjusted PB Ratio Related Terms


Sunstone Hotel Investors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sunstone Hotel Investors'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.

Sunstone Hotel Investors Cyclically Adjusted PB Ratio Chart

Sunstone Hotel Investors 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 1.04 0.82 0.91 1.01 0.78

Sunstone Hotel Investors 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 0.74 0.81 0.78 0.78 0.99

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

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.


Sunstone Hotel Investors Cyclically Adjusted PB Ratio vs REITs Industry

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

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


SHO
77GF Score
Sunstone Hotel Investors Inc SHO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunstone Hotel Investors 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.

Sunstone Hotel Investors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.91/11.52
=0.95

* 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.

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

For example, Sunstone Hotel Investors'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)
=8.796/333.9520*333.9520
=8.796

Current CPI (Jun. 2026) = 333.9520.

Sunstone Hotel Investors Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.732 241.428 14.845
201612 10.418 241.432 14.410
201703 10.609 243.801 14.532
201706 10.885 244.955 14.840
201709 10.901 246.819 14.749
201712 10.402 246.524 14.091
201803 10.474 249.554 14.016
201806 10.711 251.989 14.195
201809 11.047 252.439 14.614
201812 10.837 251.233 14.405
201903 10.818 254.202 14.212
201906 10.953 256.143 14.280
201909 11.003 256.759 14.311
201912 10.606 256.974 13.783
202003 9.758 258.115 12.625
202006 9.219 257.797 11.942
202009 8.801 260.280 11.292
202012 8.621 260.474 11.053
202103 8.333 264.877 10.506
202106 8.252 271.696 10.143
202109 8.119 274.310 9.884
202112 8.743 278.802 10.472
202203 8.739 287.504 10.151
202206 8.577 296.311 9.667
202209 8.614 296.808 9.692
202212 8.617 296.797 9.696
202303 8.636 301.836 9.555
202306 8.784 305.109 9.614
202309 8.785 307.789 9.532
202312 9.266 306.746 10.088
202403 9.231 312.332 9.870
202406 9.261 314.175 9.844
202409 9.176 315.301 9.719
202412 9.076 315.605 9.604
202503 8.965 319.799 9.362
202506 8.933 322.561 9.248
202509 8.837 324.800 9.086
202512 8.776 324.054 9.044
202603 8.738 330.213 8.837
202606 8.796 333.952 8.796

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 0.95 mean?
Sunstone Hotel Investors (SHO) has a Cyclically Adjusted PB Ratio of 0.95 as of Sep. 09, 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 Sunstone Hotel Investors and its competitors. This is near median its historical median of 1.00. Over the past decade, Sunstone Hotel Investors' Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.63. According to the industry distribution chart, Sunstone Hotel Investors ranks #330 out of 551 companies in the REITs industry, placing it in the top 59.9%.
Is Sunstone Hotel Investors' Cyclically Adjusted PB Ratio too high?
Sunstone Hotel Investors' current Cyclically Adjusted PB Ratio of 0.95 is near median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.63. The REITs industry median Cyclically Adjusted PB Ratio is 0.78. Sunstone Hotel Investors' value of 0.95 is 21.8% above this industry median. Based on the distribution chart, Sunstone Hotel Investors ranks #330 out of 551 companies in the REITs industry, which is below the industry midpoint. Overall, Sunstone Hotel Investors has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sunstone Hotel Investors' Cyclically Adjusted PB Ratio compare to PEB and XHR?
According to the REITs industry distribution chart, Sunstone Hotel Investors ranks #330 out of 551 companies for Cyclically Adjusted PB Ratio. This places Sunstone Hotel Investors in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.78. Sunstone Hotel Investors' value of 0.95 is 21.8% above this benchmark. Historically, Sunstone Hotel Investors' own Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.63 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.78, Sunstone Hotel Investors has consistently been above 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 0.78, based on 551 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. Sunstone Hotel Investors's current Cyclically Adjusted PB Ratio of 0.95 is 21.8% above 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 Sunstone Hotel Investors and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunstone Hotel Investors's current Cyclically Adjusted PB Ratio is 0.95, which is near median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunstone Hotel Investors stock overvalued right now?
Based on GuruFocus' analysis, Sunstone Hotel Investors (SHO) is currently considered Fairly Valued. The stock's GF Value™ is $11.15, compared to a current price of $10.91 — trading 2.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is near median its 10-year median of 1.00 and 21.8% above the REITs industry median of 0.78. Sunstone Hotel Investors' overall GF Score™ is 77/100 with 9 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 Sunstone Hotel Investors (SHO), the current Cyclically Adjusted PB Ratio is 0.95 as of Sep. 09, 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 Sunstone Hotel Investors (SHO) Overvalued in 2026?

Based on GuruFocus' analysis, Sunstone Hotel Investors stock appears to be undervalued. The current stock price of $10.91 is trading 2.2% below its estimated GF Value™ of $11.15. GuruFocus considers Sunstone Hotel Investors to be Fairly Valued.

Key valuation signals for SHO:

  • Cyclically Adjusted PB Ratio: 0.95 (near median its 10-year median of 1.00)
  • GF Value™: $11.15 vs. price of $10.91 (2.2% below fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 21.8% above the REITs median (#330 of 551)

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


Sunstone Hotel Investors Business Description

Industry Real EstateREITs
Address 15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in California which generates the majority of its revenue; Florida; and Hawaii. The company's sole source of income is hotel revenue from its Hotel Ownership Segment.
77GF Score

Get the complete analysis for SHO

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

$10.91
Price
$11.15
GF Value