Diversified Healthcare Trust (STU:SNF) Cyclically Adjusted PB Ratio: 0.71 (As of Jul. 26, 2026) — 154% Above 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:SNF Diversified Healthcare Trust STU:SNF
50 GF Score
Price €8.18
GF Value €2.77
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Diversified Healthcare Trust Cyclically Adjusted PB Ratio?

Diversified Healthcare Trust STU:SNF +0.97% 50 Cyclically Adjusted PB Ratio is 0.71 as of Jul. 26, 2026, which is 154% above its 10-year median of 0.28. GuruFocus rates STU:SNF with a GF Score™ of 50/100 and a GF Value™ of €2.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 557 REITs companies, Diversified Healthcare Trust ranks better than 57.63% on this metric.

As of today (2026-07-26), Diversified Healthcare Trust's current share price is €8.184. Diversified Healthcare Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.54. Diversified Healthcare Trust's Cyclically Adjusted PB Ratio for today is 0.71.

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

STU:SNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.28   Max: 1.44
Current: 0.7

During the past years, Diversified Healthcare Trust's highest Cyclically Adjusted PB Ratio was 1.44. The lowest was 0.04. And the median was 0.28.

STU:SNF's Cyclically Adjusted PB Ratio is ranked better than
57.63% of 557 companies
in the REITs industry
Industry Median: 0.81 vs STU:SNF: 0.70

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.

Diversified Healthcare Trust's adjusted book value per share data for the three months ended in Mar. 2026 was €5.789. 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 €11.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Diversified Healthcare Trust  (STU:SNF) 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.


Diversified Healthcare Trust Cyclically Adjusted PB Ratio Related Terms


Diversified Healthcare Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Diversified Healthcare 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.

Diversified Healthcare Trust Cyclically Adjusted PB Ratio Chart

Diversified Healthcare 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 0.20 0.04 0.25 0.16 0.36

Diversified Healthcare Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.17 0.26 0.32 0.36 0.50

STU:SNF vs LTC, MPT, SILA: Cyclically Adjusted PB Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Diversified Healthcare 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.


Diversified Healthcare Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


STU:SNF
50GF Score
Diversified Healthcare Trust STU:SNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Diversified Healthcare 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.

Diversified Healthcare Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.184/11.54
=0.71

* 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.

Diversified Healthcare Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Diversified Healthcare Trust's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.789/330.2130*330.2130
=5.789

Current CPI (Mar. 2026) = 330.2130.

Diversified Healthcare Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.313 241.018 16.870
201609 12.149 241.428 16.617
201612 12.768 241.432 17.463
201703 12.741 243.801 17.257
201706 11.842 244.955 15.964
201709 10.985 246.819 14.697
201712 11.041 246.524 14.789
201803 11.086 249.554 14.669
201806 11.812 251.989 15.479
201809 11.658 252.439 15.250
201812 11.178 251.233 14.692
201903 11.022 254.202 14.318
201906 10.752 256.143 13.861
201909 10.776 256.759 13.859
201912 10.353 256.974 13.304
202003 10.085 258.115 12.902
202006 9.788 257.797 12.537
202009 8.958 260.280 11.365
202012 8.610 260.474 10.915
202103 8.553 264.877 10.663
202106 8.322 271.696 10.114
202109 8.176 274.310 9.842
202112 9.859 278.802 11.677
202203 11.021 287.504 12.658
202206 11.036 296.311 12.299
202209 11.402 296.808 12.685
202212 10.392 296.797 11.562
202303 10.069 301.836 11.016
202306 9.659 305.109 10.454
202309 9.514 307.789 10.207
202312 8.913 306.746 9.595
202403 8.606 312.332 9.099
202406 8.298 314.175 8.722
202409 7.649 315.301 8.011
202412 7.753 315.605 8.112
202503 7.469 319.799 7.712
202506 6.662 322.561 6.820
202509 5.942 324.800 6.041
202512 5.875 324.054 5.987
202603 5.789 330.213 5.789

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 0.71 mean?
Diversified Healthcare Trust (STU:SNF) has a Cyclically Adjusted PB Ratio of 0.71 as of Jul. 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 Diversified Healthcare Trust and its competitors. This is 154% above median its historical median of 0.28. Over the past decade, Diversified Healthcare Trust's Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.44. According to the industry distribution chart, Diversified Healthcare Trust ranks #236 out of 557 companies in the REITs industry, placing it in the top 42.4%.
Is Diversified Healthcare Trust's Cyclically Adjusted PB Ratio too high?
Diversified Healthcare Trust's current Cyclically Adjusted PB Ratio of 0.71 is 154% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.44. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Diversified Healthcare Trust's value of 0.71 is 12.3% below this industry median. Based on the distribution chart, Diversified Healthcare Trust ranks #236 out of 557 companies in the REITs industry, which is above the industry midpoint. Overall, Diversified Healthcare Trust has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diversified Healthcare Trust's Cyclically Adjusted PB Ratio compare to LTC and MPT?
According to the REITs industry distribution chart, Diversified Healthcare Trust ranks #236 out of 557 companies for Cyclically Adjusted PB Ratio. This puts Diversified Healthcare Trust in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Diversified Healthcare Trust's value of 0.71 is 12.3% below this benchmark. Historically, Diversified Healthcare Trust's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.44 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.81, Diversified Healthcare Trust 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 0.81, based on 557 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. Diversified Healthcare Trust's current Cyclically Adjusted PB Ratio of 0.71 is 12.3% 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 Diversified Healthcare Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diversified Healthcare Trust's current Cyclically Adjusted PB Ratio is 0.71, which is 154% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diversified Healthcare Trust stock overvalued right now?
Based on GuruFocus' analysis, Diversified Healthcare Trust (STU:SNF) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.77, compared to a current price of €8.18 — trading 195.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 154% above median its 10-year median of 0.28 and 12.3% below the REITs industry median of 0.81. Diversified Healthcare Trust's overall GF Score™ is 50/100 with 7 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 Diversified Healthcare Trust (STU:SNF), the current Cyclically Adjusted PB Ratio is 0.71 as of Jul. 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 Diversified Healthcare Trust (STU:SNF) Overvalued in 2026?

Based on GuruFocus' analysis, Diversified Healthcare Trust stock appears to be overvalued. The current stock price of €8.18 is trading 195.5% above its estimated GF Value™ of €2.77. GuruFocus considers Diversified Healthcare Trust to be Significantly Overvalued.

Key valuation signals for STU:SNF:

  • Cyclically Adjusted PB Ratio: 0.71 (154% above median its 10-year median of 0.28)
  • GF Value™: €2.77 vs. price of €8.18 (195.5% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 12.3% below the REITs median (#236 of 557)

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


Diversified Healthcare Trust Business Description

Industry Real EstateREITs
Other Exchanges DHC:USA
Address 255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634
Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. The company has two reportable segments: SHOP (Senior Housing Operating Portfolio) and Medical Office and Life Science Portfolio. The SHOP segment includes managed senior living communities providing residential living and care services. The Medical Office and Life Science Portfolio segment consists of properties leased to medical providers and biotechnology laboratories. It generates the majority of its revenue from the SHOP segment.
50GF Score

Get the complete analysis for STU:SNF

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

€8.18
Price
€2.77
GF Value