Centerspace (STU:WXC1) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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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:WXC1 Centerspace STU:WXC1
68 GF Score
Price €48.40
GF Value €46.09
! 7 Warning Signs
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What is Centerspace Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Centerspace  (STU:WXC1) 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.


Centerspace Cyclically Adjusted PB Ratio Related Terms


Centerspace Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Centerspace'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.

Centerspace Cyclically Adjusted PB Ratio Chart

Centerspace Annual Data
Trend Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Centerspace 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 0.92 0.89 1.07 0.92 0.89

STU:WXC1 vs NXRT, AIV, UMH: Cyclically Adjusted PB Ratio Comparison

For the REIT - Residential subindustry, Centerspace'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.


Centerspace Cyclically Adjusted PB Ratio vs REITs Industry

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

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


STU:WXC1
68GF Score
Centerspace STU:WXC1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Centerspace 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.

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

For example, Centerspace'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)
=41.254/333.9520*333.9520
=41.254

Current CPI (Jun. 2026) = 333.9520.

Centerspace Quarterly Data

Book Value per Share CPI Adj_Book
201510 41.822 237.838 58.723
201601 44.096 236.916 62.157
201604 42.332 239.261 59.086
201607 38.765 240.628 53.799
201610 39.062 241.729 53.965
201701 39.259 242.839 53.989
201704 40.303 244.524 55.043
201707 34.999 244.786 47.748
201710 35.199 246.663 47.655
201801 42.170 247.867 56.816
201903 39.424 254.202 51.792
201906 37.257 256.143 48.575
201909 40.573 256.759 52.771
201912 42.741 256.974 55.544
202003 40.737 258.115 52.706
202006 39.699 257.797 51.426
202009 38.970 260.280 50.000
202012 36.343 260.474 46.595
202103 37.195 264.877 46.895
202106 38.566 271.696 47.403
202109 51.849 274.310 63.122
202112 52.866 278.802 63.323
202203 54.535 287.504 63.345
202206 57.062 296.311 64.311
202209 59.932 296.808 67.432
202212 53.447 296.797 60.138
202303 54.758 301.836 60.584
202306 53.459 305.109 58.513
202309 54.393 307.789 59.017
202312 50.669 306.746 55.163
202403 50.516 312.332 54.013
202406 49.870 314.175 53.009
202409 48.055 315.301 50.898
202412 50.971 315.605 53.934
202503 47.764 319.799 49.878
202506 42.378 322.561 43.875
202509 44.889 324.800 46.154
202512 42.663 324.054 43.966
202603 41.845 330.213 42.319
202606 41.254 333.952 41.254

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.

Is Centerspace (STU:WXC1) Overvalued in 2026?

Based on GuruFocus' analysis, Centerspace stock appears to be overvalued. The current stock price of €48.40 is trading 5% above its estimated GF Value™ of €46.09.

Key valuation signals for STU:WXC1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €46.09 vs. price of €48.40 (5% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the STU:WXC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Centerspace Business Description

Industry Real EstateREITs
Other Exchanges CSR:USAWXC1:Germany
Address 1324 20th Avenue SW, Minot, ND, USA, 58702-1988
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota.
68GF Score

Get the complete analysis for STU:WXC1

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

€48.40
Price
€46.09
GF Value