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Apple Hospitality REIT (STU:48T) Cyclically Adjusted PB Ratio : 0.64 (As of Jun. 02, 2025)


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What is Apple Hospitality REIT Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Apple Hospitality REIT's current share price is €10.305. Apple Hospitality REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €16.05. Apple Hospitality REIT's Cyclically Adjusted PB Ratio for today is 0.64.

The historical rank and industry rank for Apple Hospitality REIT's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:48T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.88   Max: 1.09
Current: 0.66

During the past years, Apple Hospitality REIT's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.66. And the median was 0.88.

STU:48T's Cyclically Adjusted PB Ratio is ranked better than
60.58% of 520 companies
in the REITs industry
Industry Median: 0.815 vs STU:48T: 0.66

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.

Apple Hospitality REIT's adjusted book value per share data for the three months ended in Mar. 2025 was €12.465. 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 €16.05 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Hospitality REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Apple Hospitality REIT'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.

* Premium members only.

Apple Hospitality REIT Cyclically Adjusted PB Ratio Chart

Apple Hospitality REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.95 0.90 0.94 0.88

Apple Hospitality REIT Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.92 0.82 0.84 0.88 0.74

Competitive Comparison of Apple Hospitality REIT's Cyclically Adjusted PB Ratio

For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT'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.


Apple Hospitality REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Apple Hospitality REIT 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.

Apple Hospitality REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.305/16.05
=0.64

* 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.

Apple Hospitality REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Apple Hospitality REIT's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.465/134.9266*134.9266
=12.465

Current CPI (Mar. 2025) = 134.9266.

Apple Hospitality REIT Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.935 100.684 18.674
201509 13.864 100.392 18.633
201512 13.936 99.792 18.842
201603 13.514 100.470 18.149
201606 13.378 101.688 17.751
201609 14.104 101.861 18.682
201612 14.956 101.863 19.811
201703 14.621 102.862 19.179
201706 13.995 103.349 18.271
201709 13.179 104.136 17.076
201712 13.122 104.011 17.022
201803 12.522 105.290 16.047
201806 13.219 106.317 16.776
201809 13.217 106.507 16.744
201812 13.378 105.998 17.029
201903 13.311 107.251 16.746
201906 13.251 108.070 16.544
201909 13.495 108.329 16.808
201912 13.231 108.420 16.466
202003 12.964 108.902 16.062
202006 12.384 108.767 15.362
202009 11.695 109.815 14.369
202012 11.156 109.897 13.697
202103 11.274 111.754 13.612
202106 11.248 114.631 13.239
202109 11.644 115.734 13.575
202112 12.203 117.630 13.997
202203 12.611 121.301 14.028
202206 13.315 125.017 14.370
202209 14.358 125.227 15.470
202212 13.123 125.222 14.140
202303 12.859 127.348 13.624
202306 12.780 128.729 13.395
202309 12.998 129.860 13.505
202312 12.621 129.419 13.158
202403 12.658 131.776 12.961
202406 12.833 132.554 13.063
202409 12.381 133.029 12.558
202412 13.008 133.157 13.181
202503 12.465 134.927 12.465

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.


Apple Hospitality REIT  (STU:48T) 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.


Apple Hospitality REIT Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Apple Hospitality REIT's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Apple Hospitality REIT Business Description

Traded in Other Exchanges
Address
814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

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