Fiducial Real Estate (STU:934) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is Fiducial Real Estate Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiducial Real Estate  (STU:934) 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.


Fiducial Real Estate Cyclically Adjusted PB Ratio Related Terms


Fiducial Real Estate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fiducial Real Estate'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.

Fiducial Real Estate Cyclically Adjusted PB Ratio Chart

Fiducial Real Estate Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.64 1.39 1.37 1.26

Fiducial Real Estate Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 0.00 1.37 0.00 1.26 0.00

STU:934 vs : Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Fiducial Real Estate'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.


Fiducial Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Fiducial Real Estate's Cyclically Adjusted PB Ratio falls into.



Fiducial Real Estate 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.

Fiducial Real Estate's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep22 is calculated as:

For example, Fiducial Real Estate's adjusted Book Value per Share data for the fiscal year that ended in Sep22 was:

Adj_Book=Book Value per Share/CPI of Sep22 (Change)*Current CPI (Sep22)
=190.933/112.7400*112.7400
=190.933

Current CPI (Sep22) = 112.7400.

Fiducial Real Estate Annual Data

Book Value per Share CPI Adj_Book
201309 97.628 99.630 110.475
201409 102.536 99.920 115.692
201509 111.914 99.950 126.235
201609 120.874 100.340 135.812
201709 129.805 101.330 144.421
201809 139.780 103.560 152.171
201909 150.104 104.500 161.940
202009 161.010 104.550 173.623
202109 174.013 106.810 183.674
202209 190.933 112.740 190.933

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.


Fiducial Real Estate Business Description

Comparable Companies
Address 41 rue du Capitaine Guynemer, Paris-la-Defense, FRA, 92925
Fiducial Real Estate is a real estate company. Its business operations consist of management and leasing of investment properties and services related to the management of a housing stock. The company's real estate portfolio includes commercial and residential buildings.