Blue Square Real Estate (XTAE:BLSR) Cyclically Adjusted PB Ratio: 1.20 (As of Aug. 10, 2026) — 21% Below 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.

XTAE:BLSR Blue Square Real Estate Ltd XTAE:BLSR
80 GF Score
Price ₪313.10
GF Value ₪249.21
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Blue Square Real Estate Cyclically Adjusted PB Ratio?

Blue Square Real Estate XTAE:BLSR +0.58% 80 Cyclically Adjusted PB Ratio is 1.20 as of Aug. 10, 2026, which is 21% below its 10-year median of 1.51. GuruFocus rates XTAE:BLSR with a GF Score™ of 80/100 and a GF Value™ of ₪249.21 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,412 Real Estate companies, Blue Square Real Estate ranks worse than 70.68% on this metric.

As of today (2026-08-10), Blue Square Real Estate's current share price is ₪313.10. Blue Square Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₪261.84. Blue Square Real Estate's Cyclically Adjusted PB Ratio for today is 1.20.

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

XTAE:BLSR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.51   Max: 1.87
Current: 1.2

During the past years, Blue Square Real Estate's highest Cyclically Adjusted PB Ratio was 1.87. The lowest was 1.15. And the median was 1.51.

XTAE:BLSR's Cyclically Adjusted PB Ratio is ranked worse than
70.68% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs XTAE:BLSR: 1.20

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.

Blue Square Real Estate's adjusted book value per share data for the three months ended in Mar. 2026 was ₪348.889. 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 ₪261.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blue Square Real Estate  (XTAE:BLSR) 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.


Blue Square Real Estate Cyclically Adjusted PB Ratio Related Terms


Blue Square Real Estate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Blue Square Real Estate'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.

Blue Square Real Estate Cyclically Adjusted PB Ratio Chart

Blue Square Real Estate 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 0.00 0.00 0.00 0.00 1.56

Blue Square Real Estate 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 1.24 1.59 1.44 1.56 1.49

XTAE:BLSR vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Blue Square Real Estate'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.


Blue Square Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Blue Square Real Estate's Cyclically Adjusted PB Ratio falls into.


XTAE:BLSR
80GF Score
Blue Square Real Estate Ltd XTAE:BLSR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Square Real Estate 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.

Blue Square Real Estate's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=313.10/261.84
=1.20

* 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.

Blue Square Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Blue Square Real Estate'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)
=348.889/330.2130*330.2130
=348.889

Current CPI (Mar. 2026) = 330.2130.

Blue Square Real Estate Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 152.067 241.432 207.986
201703 151.459 243.801 205.142
201706 154.297 244.955 208.001
201709 155.154 246.819 207.577
201712 157.009 246.524 210.310
201803 154.758 249.554 204.778
201806 155.260 251.989 203.457
201809 161.900 252.439 211.780
201812 160.883 251.233 211.460
201903 163.779 254.202 212.752
201906 167.290 256.143 215.666
201909 168.782 256.759 217.067
201912 187.374 256.974 240.777
202003 187.189 258.115 239.476
202006 184.963 257.797 236.920
202009 189.970 260.280 241.012
202012 192.814 260.474 244.438
202103 198.087 264.877 246.948
202106 220.135 271.696 267.547
202109 222.895 274.310 268.320
202112 229.031 278.802 271.264
202203 233.679 287.504 268.392
202206 239.154 296.311 266.516
202209 240.650 296.808 267.735
202212 248.381 296.797 276.346
202303 244.239 301.836 267.201
202306 255.472 305.109 276.492
202309 261.109 307.789 280.132
202312 284.172 306.746 305.912
202403 287.026 312.332 303.458
202406 296.468 314.175 311.602
202409 299.673 315.301 313.846
202412 314.598 315.605 329.159
202503 311.133 319.799 321.265
202506 335.234 322.561 343.187
202509 337.408 324.800 343.031
202512 347.630 324.054 354.237
202603 348.889 330.213 348.889

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 1.20 mean?
Blue Square Real Estate (XTAE:BLSR) has a Cyclically Adjusted PB Ratio of 1.20 as of Aug. 10, 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 Blue Square Real Estate and its competitors. This is 21% below median its historical median of 1.51. Over the past decade, Blue Square Real Estate's Cyclically Adjusted PB Ratio has ranged from 1.15 to 1.87. According to the industry distribution chart, Blue Square Real Estate ranks #998 out of 1412 companies in the Real Estate industry, placing it in the top 70.7%.
Is Blue Square Real Estate's Cyclically Adjusted PB Ratio too high?
Blue Square Real Estate's current Cyclically Adjusted PB Ratio of 1.20 is 21% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 1.87. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Blue Square Real Estate's value of 1.20 is 73.9% above this industry median. Based on the distribution chart, Blue Square Real Estate ranks #998 out of 1412 companies in the Real Estate industry, which is below the industry midpoint. Overall, Blue Square Real Estate has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Square Real Estate's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Blue Square Real Estate ranks #998 out of 1412 companies for Cyclically Adjusted PB Ratio. This places Blue Square Real Estate in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Blue Square Real Estate's value of 1.20 is 73.9% above this benchmark. Historically, Blue Square Real Estate's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 1.87 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 0.69, Blue Square Real Estate has consistently been above 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,412 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. Blue Square Real Estate's current Cyclically Adjusted PB Ratio of 1.20 is 73.9% above 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 Blue Square Real Estate and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Square Real Estate's current Cyclically Adjusted PB Ratio is 1.20, which is 21% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Square Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Blue Square Real Estate (XTAE:BLSR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪249.21, compared to a current price of ₪313.10 — trading 25.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.20, which is 21% below median its 10-year median of 1.51 and 73.9% above the Real Estate industry median of 0.69. Blue Square Real Estate's overall GF Score™ is 80/100 with 8 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 Blue Square Real Estate (XTAE:BLSR), the current Cyclically Adjusted PB Ratio is 1.20 as of Aug. 10, 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 Blue Square Real Estate (XTAE:BLSR) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Square Real Estate stock appears to be overvalued. The current stock price of ₪313.10 is trading 25.6% above its estimated GF Value™ of ₪249.21. GuruFocus considers Blue Square Real Estate to be Modestly Overvalued.

Key valuation signals for XTAE:BLSR:

  • Cyclically Adjusted PB Ratio: 1.20 (21% below median its 10-year median of 1.51)
  • GF Value™: ₪249.21 vs. price of ₪313.10 (25.6% above fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 73.9% above the Real Estate median (#998 of 1412)

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


Blue Square Real Estate Business Description

Address 132 Menachem Begin Road, 18th Floor, Azrieli Towers, Round Tower, Tel Aviv, ISR, 60972
Blue Square Real Estate Ltd is engaged in the development and rental of real estate properties. The company is engaged in innovation, development, and the improvement of commercial properties, shopping malls, logistics centers, and office towers. The company also undertakes residential, mixed-use, and urban renewal projects in high-demand regions.
80GF Score

Get the complete analysis for XTAE:BLSR

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

₪313.10
Price
₪249.21
GF Value