Camden Property Trust (STU:CAL) Cyclically Adjusted PB Ratio: 2.26 (As of Aug. 26, 2026) — 23% Below Median

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.

STU:CAL Camden Property Trust STU:CAL
76 GF Score
Price €92.50
GF Value €99.12
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Camden Property Trust Cyclically Adjusted PB Ratio?

Camden Property Trust STU:CAL -1.07% 76 Cyclically Adjusted PB Ratio is 2.26 as of Aug. 26, 2026, which is 23% below its 10-year median of 2.92. GuruFocus rates STU:CAL with a GF Score™ of 76/100 and a GF Value™ of €99.12 (Fairly Valued). The stock has 9 warning signs investors should review. Among 549 REITs companies, Camden Property Trust ranks worse than 90.53% on this metric.

As of today (2026-08-26), Camden Property Trust's current share price is €92.50. Camden Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €40.97. Camden Property Trust's Cyclically Adjusted PB Ratio for today is 2.26.

The historical rank and industry rank for Camden Property Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:CAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 2.92   Max: 4.88
Current: 2.31

During the past years, Camden Property Trust's highest Cyclically Adjusted PB Ratio was 4.88. The lowest was 1.97. And the median was 2.92.

STU:CAL's Cyclically Adjusted PB Ratio is ranked worse than
90.53% of 549 companies
in the REITs industry
Industry Median: 0.79 vs STU:CAL: 2.31

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.

Camden Property Trust's adjusted book value per share data for the three months ended in Jun. 2026 was €28.516. 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 €40.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camden Property Trust  (STU:CAL) 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.


Camden Property Trust Cyclically Adjusted PB Ratio Related Terms


Camden Property Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Camden Property 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.

Camden Property Trust Cyclically Adjusted PB Ratio Chart

Camden Property 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 4.88 2.78 2.33 2.61 2.40

Camden Property 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 2.47 2.32 2.40 2.09 2.44

STU:CAL vs AMH, ELS, UDR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Residential subindustry, Camden Property 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.


Camden Property Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Camden Property Trust's Cyclically Adjusted PB Ratio falls into.


STU:CAL
76GF Score
Camden Property Trust STU:CAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Camden Property 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.

Camden Property Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=92.50/40.97
=2.26

* 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.

Camden Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Camden Property 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)
=28.516/333.9520*333.9520
=28.516

Current CPI (Jun. 2026) = 333.9520.

Camden Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.353 241.428 39.219
201612 29.965 241.432 41.448
201703 29.333 243.801 40.180
201706 27.723 244.955 37.795
201709 31.323 246.819 42.381
201712 31.747 246.524 43.006
201803 30.234 249.554 40.459
201806 30.747 251.989 40.748
201809 30.470 252.439 40.309
201812 31.715 251.233 42.157
201903 33.439 254.202 43.930
201906 33.056 256.143 43.097
201909 33.627 256.759 43.737
201912 33.599 256.974 43.664
202003 32.688 258.115 42.292
202006 31.526 257.797 40.839
202009 29.767 260.280 38.193
202012 29.073 260.474 37.274
202103 28.638 264.877 36.106
202106 30.677 271.696 37.706
202109 32.342 274.310 39.374
202112 35.961 278.802 43.074
202203 36.216 287.504 42.067
202206 45.365 296.311 51.128
202209 47.778 296.808 53.757
202212 44.201 296.797 49.734
202303 43.143 301.836 47.734
202306 42.529 305.109 46.549
202309 42.676 307.789 46.304
202312 42.765 306.746 46.558
202403 42.491 312.332 45.432
202406 42.317 314.175 44.981
202409 40.054 315.301 42.423
202412 41.849 315.605 44.282
202503 39.961 319.799 41.730
202506 37.223 322.561 38.538
202509 36.326 324.800 37.350
202512 35.027 324.054 36.097
202603 34.186 330.213 34.573
202606 28.516 333.952 28.516

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 2.26 mean?
Camden Property Trust (STU:CAL) has a Cyclically Adjusted PB Ratio of 2.26 as of Aug. 26, 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 Camden Property Trust and its competitors. This is 23% below median its historical median of 2.92. Over the past decade, Camden Property Trust's Cyclically Adjusted PB Ratio has ranged from 1.97 to 4.88. According to the industry distribution chart, Camden Property Trust ranks #497 out of 549 companies in the REITs industry, placing it in the top 90.5%.
Is Camden Property Trust's Cyclically Adjusted PB Ratio too high?
Camden Property Trust's current Cyclically Adjusted PB Ratio of 2.26 is 23% below median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 4.88. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Camden Property Trust's value of 2.26 is 186.1% above this industry median. Based on the distribution chart, Camden Property Trust ranks #497 out of 549 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Camden Property Trust has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Camden Property Trust's Cyclically Adjusted PB Ratio compare to AMH and ELS?
According to the REITs industry distribution chart, Camden Property Trust ranks #497 out of 549 companies for Cyclically Adjusted PB Ratio. This places Camden Property Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Camden Property Trust's value of 2.26 is 186.1% above this benchmark. Historically, Camden Property Trust's own Cyclically Adjusted PB Ratio has ranged from 1.97 to 4.88 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 0.79, Camden Property Trust 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 0.79, based on 549 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. Camden Property Trust's current Cyclically Adjusted PB Ratio of 2.26 is 186.1% 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 Camden Property Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Camden Property Trust's current Cyclically Adjusted PB Ratio is 2.26, which is 23% below median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Camden Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Camden Property Trust (STU:CAL) is currently considered Fairly Valued. The stock's GF Value™ is €99.12, compared to a current price of €92.50 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 23% below median its 10-year median of 2.92 and 186.1% above the REITs industry median of 0.79. Camden Property Trust's overall GF Score™ is 76/100 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 Camden Property Trust (STU:CAL), the current Cyclically Adjusted PB Ratio is 2.26 as of Aug. 26, 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 Camden Property Trust (STU:CAL) Overvalued in 2026?

Based on GuruFocus' analysis, Camden Property Trust stock appears to be undervalued. The current stock price of €92.50 is trading 6.7% below its estimated GF Value™ of €99.12. GuruFocus considers Camden Property Trust to be Fairly Valued.

Key valuation signals for STU:CAL:

  • Cyclically Adjusted PB Ratio: 2.26 (23% below median its 10-year median of 2.92)
  • GF Value™: €99.12 vs. price of €92.50 (6.7% below fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 186.1% above the REITs median (#497 of 549)

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


Camden Property Trust Business Description

Industry Real EstateREITs
Other Exchanges CPT:USAC2PT34:Brazil
Address 2800 Post Oak Boulevard, Suite 2700, Houston, TX, USA, 77056
Camden Property Trust is a real estate investment trust engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It owned interests in, operated, or developing nearly 175 multifamily properties comprised of nearly 59,921 apartment homes across the United States.
76GF Score

Get the complete analysis for STU:CAL

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

€92.50
Price
€99.12
GF Value