CDPYF PB Ratio: 0.62 (As of Jun. 26, 2026) — 35% Below Median


CDPYF Canadian Apartment Properties Real Estate Investment Trust CDPYF
73 GF Score
Price $25.12
GF Value $31.61
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Canadian Apartment Properties Real Estate Investment Trust PB Ratio?

Canadian Apartment Properties Real Estate Investment Trust CDPYF +2.99% 73 PB Ratio is 0.62 as of Jun. 26, 2026, which is 35% below its 10-year median of 0.95. GuruFocus rates CDPYF with a GF Score™ of 73/100 and a GF Value™ of $31.61 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 929 REITs companies, Canadian Apartment Properties Real Estate Investment Trust ranks better than 76.21% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Canadian Apartment Properties Real Estate Investment Trust's share price is $25.12. Canadian Apartment Properties Real Estate Investment Trust's Book Value per Share for the quarter that ended in Mar. 2026 was $40.40. Hence, Canadian Apartment Properties Real Estate Investment Trust's PB Ratio of today is 0.62.

Good Sign:

Canadian Apartment Properties Real Estate Investment Trust stock PB Ratio (=0.62) is close to 10-year low of 0.6.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's PB Ratio or its related term are showing as below:

CDPYF' s PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.95   Max: 1.3
Current: 0.64

During the past 13 years, Canadian Apartment Properties Real Estate Investment Trust's highest PB Ratio was 1.30. The lowest was 0.60. And the median was 0.95.

CDPYF's PB Ratio is ranked better than
76.21% of 929 companies
in the REITs industry
Industry Median: 0.87 vs CDPYF: 0.64

During the past 12 months, Canadian Apartment Properties Real Estate Investment Trust's average Book Value Per Share Growth Rate was -1.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Canadian Apartment Properties Real Estate Investment Trust was 54.40% per year. The lowest was -12.50% per year. And the median was 5.85% per year.

Back to Basics: PB Ratio


Canadian Apartment Properties Real Estate Investment Trust  (OTCPK:CDPYF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Canadian Apartment Properties Real Estate Investment Trust PB Ratio Related Terms


Canadian Apartment Properties Real Estate Investment Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's 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.

Canadian Apartment Properties Real Estate Investment Trust PB Ratio Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.73 0.90 0.75 0.65

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.77 0.79 0.71 0.65 0.64

CDPYF vs AVB, EQR, ESS: PB Ratio Comparison

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's PB Ratio, along with its competitors' market caps and 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 Apartment Properties Real Estate Investment Trust PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's PB Ratio falls into.


CDPYF
73GF Score
Canadian Apartment Properties Real Estate Investment Trust CDPYF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Apartment Properties Real Estate Investment Trust PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Canadian Apartment Properties Real Estate Investment Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=25.12/40.4
=0.62

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.62 mean?
Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a PB Ratio of 0.62 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. This is 35% below median its historical median of 0.95. Over the past decade, Canadian Apartment Properties Real Estate Investment Trust's PB Ratio has ranged from 0.60 to 1.30. According to the industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #221 out of 929 companies in the REITs industry, placing it in the top 23.8%.
Is Canadian Apartment Properties Real Estate Investment Trust's PB Ratio too high?
Canadian Apartment Properties Real Estate Investment Trust's current PB Ratio of 0.62 is 35% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.30. The REITs industry median PB Ratio is 0.87. Canadian Apartment Properties Real Estate Investment Trust's value of 0.62 is 28.7% below this industry median. Based on the distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #221 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Canadian Apartment Properties Real Estate Investment Trust has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Apartment Properties Real Estate Investment Trust's PB Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #221 out of 929 companies for PB Ratio. This places Canadian Apartment Properties Real Estate Investment Trust in the top 24% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.87. Canadian Apartment Properties Real Estate Investment Trust's value of 0.62 is 28.7% below this benchmark. Historically, Canadian Apartment Properties Real Estate Investment Trust's own PB Ratio has ranged from 0.60 to 1.30 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.87, Canadian Apartment Properties Real Estate Investment Trust has consistently been below 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Apartment Properties Real Estate Investment Trust's current PB Ratio of 0.62 is 28.7% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Apartment Properties Real Estate Investment Trust's current PB Ratio is 0.62, which is 35% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Apartment Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust (CDPYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.61, compared to a current price of $25.12 — trading 20.5% below its estimated fair value. The current PB Ratio is 0.62, which is 35% below median its 10-year median of 0.95 and 28.7% below the REITs industry median of 0.87. Canadian Apartment Properties Real Estate Investment Trust's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current PB Ratio is 0.62 as of Jun. 26, 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 Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of $25.12 is trading 20.5% below its estimated GF Value™ of $31.61. GuruFocus considers Canadian Apartment Properties Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for CDPYF:

  • PB Ratio: 0.62 (35% below median its 10-year median of 0.95)
  • GF Value™: $31.61 vs. price of $25.12 (20.5% below fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 28.7% below the REITs median (#221 of 929)

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


Canadian Apartment Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 0OJ:GermanyCAR.UN:Canada
Address 11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust. It owns and manages interests in multi-unit residential rental properties, principally located in and near urban centres across Canada, and to a lesser extent, in the Netherlands. The company operates in the following reportable segments: Canada and Europe. The majority of its revenue is derived from its income-producing real estate properties located in Canada.
73GF Score

Get the complete analysis for CDPYF

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

$25.12
Price
$31.61
GF Value