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CubeSmart (STU:UK8) Cyclically Adjusted PB Ratio : 3.14 (As of Jul. 02, 2025)


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What is CubeSmart Cyclically Adjusted PB Ratio?

As of today (2025-07-02), CubeSmart's current share price is €35.53. CubeSmart's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €11.31. CubeSmart's Cyclically Adjusted PB Ratio for today is 3.14.

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

STU:UK8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.36   Med: 3.51   Max: 5.71
Current: 3.48

During the past years, CubeSmart's highest Cyclically Adjusted PB Ratio was 5.71. The lowest was 2.36. And the median was 3.51.

STU:UK8's Cyclically Adjusted PB Ratio is ranked worse than
94.69% of 527 companies
in the REITs industry
Industry Median: 0.81 vs STU:UK8: 3.48

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.

CubeSmart's adjusted book value per share data for the three months ended in Mar. 2025 was €11.543. 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 €11.31 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CubeSmart Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CubeSmart'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.

CubeSmart Cyclically Adjusted PB Ratio Chart

CubeSmart 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 3.64 5.69 3.67 4.00 3.56

CubeSmart 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 3.82 3.78 4.48 3.56 3.49

Competitive Comparison of CubeSmart's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, CubeSmart'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.


CubeSmart's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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CubeSmart 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.

CubeSmart's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.53/11.31
=3.14

* 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.

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

For example, CubeSmart'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)
=11.543/134.9266*134.9266
=11.543

Current CPI (Mar. 2025) = 134.9266.

CubeSmart Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.864 100.684 10.539
201509 8.049 100.392 10.818
201512 8.637 99.792 11.678
201603 8.529 100.470 11.454
201606 8.499 101.688 11.277
201609 8.650 101.861 11.458
201612 8.714 101.863 11.543
201703 8.475 102.862 11.117
201706 7.979 103.349 10.417
201709 7.500 104.136 9.718
201712 7.555 104.011 9.801
201803 7.165 105.290 9.182
201806 7.767 106.317 9.857
201809 7.798 106.507 9.879
201812 8.030 105.998 10.222
201903 7.984 107.251 10.044
201906 8.192 108.070 10.228
201909 8.508 108.329 10.597
201912 8.367 108.420 10.413
202003 8.332 108.902 10.323
202006 8.071 108.767 10.012
202009 7.609 109.815 9.349
202012 7.629 109.897 9.367
202103 7.869 111.754 9.501
202106 7.596 114.631 8.941
202109 8.053 115.734 9.388
202112 11.349 117.630 13.018
202203 11.518 121.301 12.812
202206 11.902 125.017 12.845
202209 12.825 125.227 13.818
202212 11.878 125.222 12.799
202303 11.672 127.348 12.367
202306 11.502 128.729 12.056
202309 11.698 129.860 12.154
202312 11.411 129.419 11.897
202403 11.377 131.776 11.649
202406 11.427 132.554 11.632
202409 11.105 133.029 11.263
202412 12.041 133.157 12.201
202503 11.543 134.927 11.543

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.


CubeSmart  (STU:UK8) 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.


CubeSmart Cyclically Adjusted PB Ratio Related Terms

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


CubeSmart Business Description

Industry
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Traded in Other Exchanges
Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Majority of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

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