SSSAF (Shurgard Self Storage) Cyclically Adjusted PB Ratio: 0.81 (As of Jul. 07, 2026) — 37% Below Median


SSSAF Shurgard Self Storage Ltd SSSAF
71 GF Score
Price $29.64
GF Value $51.22
Valuation Possible Value Trap
! 6 Warning Signs
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What is Shurgard Self Storage Cyclically Adjusted PB Ratio?

Shurgard Self Storage SSSAF 71 Cyclically Adjusted PB Ratio is 0.81 as of Jul. 07, 2026, which is 37% below its 10-year median of 1.29. GuruFocus rates SSSAF with a GF Score™ of 71/100 and a GF Value™ of $51.22 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 561 REITs companies, Shurgard Self Storage ranks worse than 51.87% on this metric.

As of today (2026-07-07), Shurgard Self Storage's current share price is $29.64. Shurgard Self Storage's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $36.77. Shurgard Self Storage's Cyclically Adjusted PB Ratio for today is 0.81.

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

SSSAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.29   Max: 1.79
Current: 0.85

During the past 12 years, Shurgard Self Storage's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.74. And the median was 1.29.

SSSAF's Cyclically Adjusted PB Ratio is ranked worse than
51.87% of 561 companies
in the REITs industry
Industry Median: 0.82 vs SSSAF: 0.85

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.

Shurgard Self Storage's adjusted book value per share data of for the fiscal year that ended in Dec25 was $52.359. 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 $36.77 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shurgard Self Storage  (OTCPK:SSSAF) 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.


Shurgard Self Storage Cyclically Adjusted PB Ratio Related Terms


Shurgard Self Storage Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shurgard Self Storage'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.

Shurgard Self Storage Cyclically Adjusted PB Ratio Chart

Shurgard Self Storage 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 0.00 0.00 1.87 1.30 0.94

Shurgard Self Storage Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.87 0.00 1.30 0.00 0.94

SSSAF vs EQIX, AMT, DLR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Shurgard Self Storage'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.


Shurgard Self Storage Cyclically Adjusted PB Ratio vs REITs Industry

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

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


SSSAF
71GF Score
Shurgard Self Storage Ltd SSSAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shurgard Self Storage 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.

Shurgard Self Storage's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.64/36.77
=0.81

* 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.

Shurgard Self Storage's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shurgard Self Storage's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=52.359/324.0540*324.0540
=52.359

Current CPI (Dec25) = 324.0540.

Shurgard Self Storage Annual Data

Book Value per Share CPI Adj_Book
201612 13.597 241.432 18.250
201712 17.782 246.524 23.374
201812 22.961 251.233 29.616
201912 23.674 256.974 29.854
202012 28.609 260.474 35.592
202112 31.379 278.802 36.472
202212 34.003 296.797 37.126
202312 40.502 306.746 42.787
202412 42.646 315.605 43.788
202512 52.359 324.054 52.359

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 0.81 mean?
Shurgard Self Storage (SSSAF) has a Cyclically Adjusted PB Ratio of 0.81 as of Jul. 07, 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 Shurgard Self Storage and its competitors. This is 37% below median its historical median of 1.29. Over the past decade, Shurgard Self Storage's Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.79. According to the industry distribution chart, Shurgard Self Storage ranks #291 out of 561 companies in the REITs industry, placing it in the top 51.9%.
Is Shurgard Self Storage's Cyclically Adjusted PB Ratio too high?
Shurgard Self Storage's current Cyclically Adjusted PB Ratio of 0.81 is 37% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.79. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Shurgard Self Storage's value of 0.81 is 1.2% below this industry median. Based on the distribution chart, Shurgard Self Storage ranks #291 out of 561 companies in the REITs industry, which is below the industry midpoint. Overall, Shurgard Self Storage has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shurgard Self Storage's Cyclically Adjusted PB Ratio compare to EQIX and AMT?
According to the REITs industry distribution chart, Shurgard Self Storage ranks #291 out of 561 companies for Cyclically Adjusted PB Ratio. This places Shurgard Self Storage in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Shurgard Self Storage's value of 0.81 is 1.2% below this benchmark. Historically, Shurgard Self Storage's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.79 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.82, Shurgard Self Storage 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 0.82, based on 561 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. Shurgard Self Storage's current Cyclically Adjusted PB Ratio of 0.81 is 1.2% 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 Shurgard Self Storage and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shurgard Self Storage's current Cyclically Adjusted PB Ratio is 0.81, which is 37% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shurgard Self Storage stock overvalued right now?
Based on GuruFocus' analysis, Shurgard Self Storage (SSSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $51.22, compared to a current price of $29.64 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.81, which is 37% below median its 10-year median of 1.29 and 1.2% below the REITs industry median of 0.82. Shurgard Self Storage's overall GF Score™ is 71/100 with 6 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 Shurgard Self Storage (SSSAF), the current Cyclically Adjusted PB Ratio is 0.81 as of Jul. 07, 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 Shurgard Self Storage (SSSAF) Overvalued in 2026?

Based on GuruFocus' analysis, Shurgard Self Storage stock appears to be undervalued. The current stock price of $29.64 is trading 42.1% below its estimated GF Value™ of $51.22. GuruFocus considers Shurgard Self Storage to be Possible Value Trap.

Key valuation signals for SSSAF:

  • Cyclically Adjusted PB Ratio: 0.81 (37% below median its 10-year median of 1.29)
  • GF Value™: $51.22 vs. price of $29.64 (42.1% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 1.2% below the REITs median (#291 of 561)

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


Shurgard Self Storage Business Description

Industry Real EstateREITs
Address Admiral Park, St Peters Port, Ground Floor, Plaza House, Guernsey, GGY, GY1 2HU
Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging.
71GF Score

Get the complete analysis for SSSAF

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

$29.64
Price
$51.22
GF Value