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Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Cyclically Adjusted PB Ratio : 0.91 (As of Jun. 03, 2025)


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What is Boardwalk Real Estate Investment Trust Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Boardwalk Real Estate Investment Trust's current share price is C$70.37. Boardwalk Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$77.04. Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.91.

The historical rank and industry rank for Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:BEI.UN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.87   Max: 2.09
Current: 0.91

During the past years, Boardwalk Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.33. And the median was 0.87.

TSX:BEI.UN's Cyclically Adjusted PB Ratio is ranked worse than
57.5% of 520 companies
in the REITs industry
Industry Median: 0.815 vs TSX:BEI.UN: 0.91

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.

Boardwalk Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2025 was C$92.349. 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 C$77.04 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boardwalk Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boardwalk Real Estate Investment 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.

* Premium members only.

Boardwalk Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Boardwalk Real Estate Investment Trust 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 0.52 0.80 0.69 0.96 0.85

Boardwalk Real Estate Investment Trust 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 1.04 0.93 1.13 0.85 0.87

Competitive Comparison of Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Residential subindustry, Boardwalk Real Estate Investment 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.


Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


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Boardwalk Real Estate Investment 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.

Boardwalk Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.37/77.04
=0.91

* 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.

Boardwalk Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Boardwalk Real Estate Investment Trust'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)
=92.349/129.1809*129.1809
=92.349

Current CPI (Mar. 2025) = 129.1809.

Boardwalk Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201506 65.705 100.500 84.456
201509 61.583 100.421 79.220
201512 62.561 99.947 80.859
201603 63.309 101.054 80.931
201606 62.958 102.002 79.734
201609 61.734 101.765 78.366
201612 59.546 101.449 75.824
201703 59.367 102.634 74.723
201706 60.102 103.029 75.358
201709 60.453 103.345 75.566
201712 58.599 103.345 73.249
201803 59.729 105.004 73.481
201806 60.618 105.557 74.184
201809 61.036 105.636 74.640
201812 61.468 105.399 75.337
201903 61.082 106.979 73.759
201906 62.261 107.690 74.686
201909 63.580 107.611 76.324
201912 61.215 107.769 73.377
202003 62.062 107.927 74.284
202006 61.142 108.401 72.862
202009 60.296 108.164 72.012
202012 56.374 108.559 67.083
202103 56.714 110.298 66.424
202106 57.469 111.720 66.451
202109 61.854 112.905 70.771
202112 64.277 113.774 72.981
202203 65.442 117.646 71.859
202206 68.311 120.806 73.047
202209 69.031 120.648 73.913
202212 69.066 120.964 73.758
202303 73.224 122.702 77.090
202306 77.582 124.203 80.691
202309 78.101 125.230 80.565
202312 80.205 125.072 82.840
202403 85.629 126.258 87.612
202406 88.252 127.522 89.400
202409 88.943 127.285 90.268
202412 89.969 127.364 91.253
202503 92.349 129.181 92.349

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.


Boardwalk Real Estate Investment Trust  (TSX:BEI.UN) 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.


Boardwalk Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

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


Boardwalk Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1
Boardwalk Real Estate Investment Trust is a fully integrated, Resident Member/customer-oriented real estate investment trust focused on and specializing in the acquisition, refurbishment, management, ownership and development of affordable multi-family residential communities. It looks to acquire, develop, own and manage quality rental communities concentrated in attractive growth markets. Boardwalk owned over 200 properties containing 34,405 residential suites in British Columbia, Alberta, Saskatchewan, Ontario, and Quebec, representing over 29 million net rentable square feet.

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