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Canadian Net REIT (TSXV:NET.UN) Cyclically Adjusted PB Ratio : 0.97 (As of Jun. 04, 2025)


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What is Canadian Net REIT Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Canadian Net REIT's current share price is C$5.44. Canadian Net REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$5.62. Canadian Net REIT's Cyclically Adjusted PB Ratio for today is 0.97.

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

TSXV:NET.UN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.82   Max: 2.44
Current: 0.97

During the past years, Canadian Net REIT's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 0.91. And the median was 1.82.

TSXV:NET.UN's Cyclically Adjusted PB Ratio is ranked worse than
61.15% of 520 companies
in the REITs industry
Industry Median: 0.81 vs TSXV:NET.UN: 0.97

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.

Canadian Net REIT's adjusted book value per share data for the three months ended in Mar. 2025 was C$6.702. 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$5.62 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Net REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Canadian Net REIT'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.

Canadian Net REIT Cyclically Adjusted PB Ratio Chart

Canadian Net REIT 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 1.82 1.93 1.31 0.95 0.91

Canadian Net REIT 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 0.96 0.91 1.04 0.91 0.95

Competitive Comparison of Canadian Net REIT's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Canadian Net REIT'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.


Canadian Net REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Canadian Net REIT 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.

Canadian Net REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.44/5.62
=0.97

* 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.

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

For example, Canadian Net REIT'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)
=6.702/129.1809*129.1809
=6.702

Current CPI (Mar. 2025) = 129.1809.

Canadian Net REIT Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.015 100.500 3.875
201509 3.078 100.421 3.960
201512 3.049 99.947 3.941
201603 3.340 101.054 4.270
201606 2.504 102.002 3.171
201609 3.541 101.765 4.495
201612 3.615 101.449 4.603
201703 3.882 102.634 4.886
201706 3.977 103.029 4.986
201709 4.009 103.345 5.011
201712 4.289 103.345 5.361
201803 4.400 105.004 5.413
201806 4.382 105.557 5.363
201809 4.518 105.636 5.525
201812 4.066 105.399 4.983
201903 4.114 106.979 4.968
201906 4.240 107.690 5.086
201909 4.517 107.611 5.422
201912 4.373 107.769 5.242
202003 4.856 107.927 5.812
202006 4.962 108.401 5.913
202009 5.041 108.164 6.020
202012 5.185 108.559 6.170
202103 5.126 110.298 6.004
202106 5.410 111.720 6.256
202109 6.104 112.905 6.984
202112 6.403 113.774 7.270
202203 6.401 117.646 7.029
202206 6.413 120.806 6.858
202209 6.300 120.648 6.746
202212 5.764 120.964 6.156
202303 5.912 122.702 6.224
202306 6.119 124.203 6.364
202309 6.182 125.230 6.377
202312 6.308 125.072 6.515
202403 6.281 126.258 6.426
202406 5.761 127.522 5.836
202409 6.295 127.285 6.389
202412 6.295 127.364 6.385
202503 6.702 129.181 6.702

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.


Canadian Net REIT  (TSXV:NET.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.


Canadian Net REIT Cyclically Adjusted PB Ratio Related Terms

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


Canadian Net REIT Business Description

Industry
Traded in Other Exchanges
Address
106 Gun Avenue, A/S Jason Parravano, Pointe Claire, QC, CAN, H9R 3X3
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.

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