ZDPY (Zoned Properties) Cyclically Adjusted PB Ratio: 0.88 (As of Jul. 31, 2026) — 17% Above Median

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ZDPY Zoned Properties Inc ZDPY
46 GF Score
Price $0.47
GF Value $0.69
Valuation Possible Value Trap
! 8 Warning Signs
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What is Zoned Properties Cyclically Adjusted PB Ratio?

Zoned Properties ZDPY -0.64% 46 Cyclically Adjusted PB Ratio is 0.88 as of Jul. 31, 2026, which is 17% above its 10-year median of 0.75. GuruFocus rates ZDPY with a GF Score™ of 46/100 and a GF Value™ of $0.69 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,416 Real Estate companies, Zoned Properties ranks worse than 59.96% on this metric.

As of today (2026-07-31), Zoned Properties's current share price is $0.46615. Zoned Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.53. Zoned Properties's Cyclically Adjusted PB Ratio for today is 0.88.

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

ZDPY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.75   Max: 4.09
Current: 0.88

During the past years, Zoned Properties's highest Cyclically Adjusted PB Ratio was 4.09. The lowest was 0.03. And the median was 0.75.

ZDPY's Cyclically Adjusted PB Ratio is ranked worse than
59.96% of 1416 companies
in the Real Estate industry
Industry Median: 0.69 vs ZDPY: 0.88

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.

Zoned Properties's adjusted book value per share data for the three months ended in Mar. 2026 was $0.255. 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 $0.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zoned Properties  (OTCPK:ZDPY) 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.


Zoned Properties Cyclically Adjusted PB Ratio Related Terms


Zoned Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zoned Properties'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.

Zoned Properties Cyclically Adjusted PB Ratio Chart

Zoned Properties 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 0.14 0.00 0.00 0.90 0.90

Zoned Properties 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 0.72 0.97 0.87 0.90 0.75

ZDPY vs AIRE, GBR, CHGA: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Zoned Properties'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.


Zoned Properties Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


ZDPY
46GF Score
Zoned Properties Inc ZDPY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zoned Properties 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.

Zoned Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.46615/0.53
=0.88

* 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.

Zoned Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zoned Properties'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)
=0.255/330.2130*330.2130
=0.255

Current CPI (Mar. 2026) = 330.2130.

Zoned Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.335 241.018 0.459
201609 0.347 241.428 0.475
201612 0.359 241.432 0.491
201703 0.417 243.801 0.565
201706 0.426 244.955 0.574
201709 0.439 246.819 0.587
201712 0.452 246.524 0.605
201803 0.461 249.554 0.610
201806 0.346 251.989 0.453
201809 0.347 252.439 0.454
201812 0.339 251.233 0.446
201903 0.500 254.202 0.650
201906 0.501 256.143 0.646
201909 0.502 256.759 0.646
201912 0.501 256.974 0.644
202003 0.491 258.115 0.628
202006 0.490 257.797 0.628
202009 0.493 260.280 0.625
202012 0.494 260.474 0.626
202103 0.488 264.877 0.608
202106 0.499 271.696 0.606
202109 0.493 274.310 0.593
202112 0.485 278.802 0.574
202203 0.492 287.504 0.565
202206 0.496 296.311 0.553
202209 0.496 296.808 0.552
202212 0.465 296.797 0.517
202303 0.443 301.836 0.485
202306 0.450 305.109 0.487
202309 0.462 307.789 0.496
202312 0.433 306.746 0.466
202403 0.442 312.332 0.467
202406 0.441 314.175 0.464
202409 0.446 315.301 0.467
202412 0.485 315.605 0.507
202503 0.501 319.799 0.517
202506 0.505 322.561 0.517
202509 0.519 324.800 0.528
202512 0.255 324.054 0.260
202603 0.255 330.213 0.255

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 0.88 mean?
Zoned Properties (ZDPY) has a Cyclically Adjusted PB Ratio of 0.88 as of Jul. 31, 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 Zoned Properties and its competitors. This is 17% above median its historical median of 0.75. Over the past decade, Zoned Properties' Cyclically Adjusted PB Ratio has ranged from 0.03 to 4.09. According to the industry distribution chart, Zoned Properties ranks #849 out of 1416 companies in the Real Estate industry, placing it in the top 60%.
Is Zoned Properties' Cyclically Adjusted PB Ratio too high?
Zoned Properties' current Cyclically Adjusted PB Ratio of 0.88 is 17% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 4.09. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Zoned Properties' value of 0.88 is 27.5% above this industry median. Based on the distribution chart, Zoned Properties ranks #849 out of 1416 companies in the Real Estate industry, which is below the industry midpoint. Overall, Zoned Properties has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zoned Properties' Cyclically Adjusted PB Ratio compare to AIRE and GBR?
According to the Real Estate industry distribution chart, Zoned Properties ranks #849 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Zoned Properties in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Zoned Properties' value of 0.88 is 27.5% above this benchmark. Historically, Zoned Properties' own Cyclically Adjusted PB Ratio has ranged from 0.03 to 4.09 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.69, Zoned Properties 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 1,416 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. Zoned Properties's current Cyclically Adjusted PB Ratio of 0.88 is 27.5% 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 Zoned Properties 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. Zoned Properties's current Cyclically Adjusted PB Ratio is 0.88, which is 17% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoned Properties stock overvalued right now?
Based on GuruFocus' analysis, Zoned Properties (ZDPY) is currently considered Possible Value Trap. The stock's GF Value™ is $0.69, compared to a current price of $0.47 — trading 32.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.88, which is 17% above median its 10-year median of 0.75 and 27.5% above the Real Estate industry median of 0.69. Zoned Properties' overall GF Score™ is 46/100 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 Zoned Properties (ZDPY), the current Cyclically Adjusted PB Ratio is 0.88 as of Jul. 31, 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 Zoned Properties (ZDPY) Overvalued in 2026?

Based on GuruFocus' analysis, Zoned Properties stock appears to be undervalued. The current stock price of $0.47 is trading 32.4% below its estimated GF Value™ of $0.69. GuruFocus considers Zoned Properties to be Possible Value Trap.

Key valuation signals for ZDPY:

  • Cyclically Adjusted PB Ratio: 0.88 (17% above median its 10-year median of 0.75)
  • GF Value™: $0.69 vs. price of $0.47 (32.4% below fair value)
  • GF Score™: 46/100 with 8 warning signs
  • Industry Position: 27.5% above the Real Estate median (#849 of 1416)

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


Zoned Properties Business Description

Address 8360 E. Raintree Drive, Suite 230, Scottsdale, AZ, USA, 85260
Zoned Properties Inc is a technology-driven property investment company focused on acquiring value-added real estate within the regulated cannabis industry in the United States. The company aspires to innovate within real estate development sector, focusing on direct-to-consumer real estate that is leased to cannabis retailers. The company also provides related real estate services, including brokerage and advisory services. It operates in two segments: i) the Property Investment Portfolio: It includes the operations, leasing and management of its commercial properties, and ii) Real Estate Services: It includes the advisory, brokerage and technology services related to commercial properties. The company generates the majority of its revenue from the Property Investment Portfolio segment.
46GF Score

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

$0.47
Price
$0.69
GF Value