Easterly Government Properties (STU:E050) Cyclically Adjusted PB Ratio: 0.48 (As of Sep. 17, 2026) — 26% Below Median

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STU:E050 Easterly Government Properties Inc STU:E050
73 GF Score
Price €20.20
GF Value €24.50
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Easterly Government Properties Cyclically Adjusted PB Ratio?

Easterly Government Properties STU:E050 -0.98% 73 Cyclically Adjusted PB Ratio is 0.48 as of Sep. 17, 2026, which is 26% below its 10-year median of 0.65. GuruFocus rates STU:E050 with a GF Score™ of 73/100 and a GF Value™ of €24.50 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 550 REITs companies, Easterly Government Properties ranks better than 65.45% on this metric.

As of today (2026-09-17), Easterly Government Properties's current share price is €20.20. Easterly Government Properties's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €41.90. Easterly Government Properties's Cyclically Adjusted PB Ratio for today is 0.48.

The historical rank and industry rank for Easterly Government Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:E050' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.65   Max: 0.96
Current: 0.58

During the past years, Easterly Government Properties's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.47. And the median was 0.65.

STU:E050's Cyclically Adjusted PB Ratio is ranked better than
65.45% of 550 companies
in the REITs industry
Industry Median: 0.77 vs STU:E050: 0.58

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.

Easterly Government Properties's adjusted book value per share data for the three months ended in Jun. 2026 was €25.133. 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 €41.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Easterly Government Properties  (STU:E050) 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.


Easterly Government Properties Cyclically Adjusted PB Ratio Related Terms


Easterly Government Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Easterly Government Properties'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.

Easterly Government Properties Cyclically Adjusted PB Ratio Chart

Easterly Government Properties 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 0.81 0.70 0.59 0.43

Easterly Government Properties 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 0.41 0.43 0.42 0.44 0.52

STU:E050 vs PDM, ESBA, PSTL: Cyclically Adjusted PB Ratio Comparison

For the REIT - Office subindustry, Easterly Government Properties'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.


Easterly Government Properties Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Easterly Government Properties's Cyclically Adjusted PB Ratio falls into.


STU:E050
73GF Score
Easterly Government Properties Inc STU:E050
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Easterly Government Properties 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.

Easterly Government Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.20/41.898
=0.48

* 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.

Easterly Government Properties's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Easterly Government Properties'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)
=25.133/333.9520*333.9520
=25.133

Current CPI (Jun. 2026) = 333.9520.

Easterly Government Properties Quarterly Data

Book Value per Share CPI Adj_Book
201609 42.828 241.428 59.241
201612 44.793 241.432 61.958
201703 43.474 243.801 59.550
201706 38.878 244.955 53.003
201709 37.072 246.819 50.159
201712 36.774 246.524 49.816
201803 35.536 249.554 47.554
201806 37.452 251.989 49.634
201809 36.852 252.439 48.752
201812 36.848 251.233 48.980
201903 36.987 254.202 48.591
201906 35.891 256.143 46.794
201909 37.013 256.759 48.141
201912 35.710 256.974 46.407
202003 36.332 258.115 47.007
202006 35.853 257.797 46.444
202009 34.127 260.280 43.787
202012 32.350 260.474 41.476
202103 33.655 264.877 42.432
202106 33.520 271.696 41.201
202109 34.335 274.310 41.800
202112 35.155 278.802 42.109
202203 35.625 287.504 41.380
202206 37.970 296.311 42.793
202209 39.869 296.808 44.858
202212 36.395 296.797 40.951
202303 35.482 301.836 39.257
202306 34.883 305.109 38.181
202309 35.629 307.789 38.658
202312 31.592 306.746 34.394
202403 31.387 312.332 33.560
202406 31.072 314.175 33.028
202409 29.290 315.301 31.023
202412 31.017 315.605 32.820
202503 28.963 319.799 30.245
202506 26.044 322.561 26.964
202509 25.561 324.800 26.281
202512 25.185 324.054 25.954
202603 25.330 330.213 25.617
202606 25.133 333.952 25.133

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 0.48 mean?
Easterly Government Properties (STU:E050) has a Cyclically Adjusted PB Ratio of 0.48 as of Sep. 17, 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 Easterly Government Properties and its competitors. This is 26% below median its historical median of 0.65. Over the past decade, Easterly Government Properties' Cyclically Adjusted PB Ratio has ranged from 0.47 to 0.96. According to the industry distribution chart, Easterly Government Properties ranks #190 out of 550 companies in the REITs industry, placing it in the top 34.5%.
Is Easterly Government Properties' Cyclically Adjusted PB Ratio too high?
Easterly Government Properties' current Cyclically Adjusted PB Ratio of 0.48 is 26% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 0.96. The REITs industry median Cyclically Adjusted PB Ratio is 0.77. Easterly Government Properties' value of 0.48 is 37.7% below this industry median. Based on the distribution chart, Easterly Government Properties ranks #190 out of 550 companies in the REITs industry, which is above the industry midpoint. Overall, Easterly Government Properties has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Easterly Government Properties' Cyclically Adjusted PB Ratio compare to PDM and ESBA?
According to the REITs industry distribution chart, Easterly Government Properties ranks #190 out of 550 companies for Cyclically Adjusted PB Ratio. This puts Easterly Government Properties in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Easterly Government Properties' value of 0.48 is 37.7% below this benchmark. Historically, Easterly Government Properties' own Cyclically Adjusted PB Ratio has ranged from 0.47 to 0.96 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.77, Easterly Government Properties 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 0.77, based on 550 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. Easterly Government Properties's current Cyclically Adjusted PB Ratio of 0.48 is 37.7% 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 Easterly Government Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Easterly Government Properties's current Cyclically Adjusted PB Ratio is 0.48, which is 26% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Easterly Government Properties stock overvalued right now?
Based on GuruFocus' analysis, Easterly Government Properties (STU:E050) is currently considered Modestly Undervalued. The stock's GF Value™ is €24.50, compared to a current price of €20.20 — trading 17.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 26% below median its 10-year median of 0.65 and 37.7% below the REITs industry median of 0.77. Easterly Government Properties' overall GF Score™ is 73/100 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 Easterly Government Properties (STU:E050), the current Cyclically Adjusted PB Ratio is 0.48 as of Sep. 17, 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 Easterly Government Properties (STU:E050) Overvalued in 2026?

Based on GuruFocus' analysis, Easterly Government Properties stock appears to be undervalued. The current stock price of €20.20 is trading 17.6% below its estimated GF Value™ of €24.50. GuruFocus considers Easterly Government Properties to be Modestly Undervalued.

Key valuation signals for STU:E050:

  • Cyclically Adjusted PB Ratio: 0.48 (26% below median its 10-year median of 0.65)
  • GF Value™: €24.50 vs. price of €20.20 (17.6% below fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 37.7% below the REITs median (#190 of 550)

No single metric tells the full story. See the STU:E050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Easterly Government Properties Business Description

Industry Real EstateREITs
Other Exchanges DEA:USA
Address 2001 K Street NW, Suite 775 North, Washington, DC, USA, 20006
Easterly Government Properties Inc is a real estate investment trust. The company is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies. It generates all its revenue by leasing its properties to such agencies. The company operates in single segment for the purposes of assessing performance and making operating decisions.
73GF Score

Get the complete analysis for STU:E050

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

€20.20
Price
€24.50
GF Value