MNARF Shiller PE Ratio: (As of Sep. 22, 2026)

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MNARF Morguard North American Residential Real Estate Investment Trust MNARF
81 GF Score
Price $11.22
GF Value $12.96
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Morguard North American Residential Real Estate Investment Trust  (OTCPK:MNARF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio Related Terms


Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Morguard North American Residential Real Estate Investment Trust's Shiller PE 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.

Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 6.21 5.50 5.62 5.43

Morguard North American Residential Real Estate Investment Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 5.85 5.79 5.27 5.01 4.89

MNARF vs VMRK, EQR, ESS: Shiller PE Ratio Comparison

For the REIT - Residential subindustry, Morguard North American Residential Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Morguard North American Residential Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Morguard North American Residential Real Estate Investment Trust's Shiller PE Ratio falls into.


MNARF
81GF Score
Morguard North American Residential Real Estate Investment Trust MNARF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morguard North American Residential Real Estate Investment Trust Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Morguard North American Residential Real Estate Investment Trust's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Morguard North American Residential Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.3068/133.5265*133.5265
=0.307

Current CPI (Jun. 2026) = 133.5265.

Morguard North American Residential Real Estate Investment Trust Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.661 101.765 0.868
201612 0.593 101.449 0.781
201703 0.030 102.634 0.039
201706 0.826 103.029 1.070
201709 0.120 103.345 0.154
201712 1.283 103.345 1.657
201803 1.131 105.004 1.438
201806 0.263 105.557 0.333
201809 0.314 105.636 0.396
201812 0.712 105.399 0.902
201903 0.053 106.979 0.066
201906 0.576 107.690 0.714
201909 -0.038 107.611 -0.047
201912 0.446 107.769 0.552
202003 1.186 107.927 1.468
202006 0.234 108.401 0.288
202009 0.917 108.164 1.133
202012 0.092 108.559 0.113
202103 0.353 110.298 0.427
202106 0.252 111.720 0.302
202109 1.098 112.905 1.299
202112 1.476 113.774 1.732
202203 2.119 117.646 2.405
202206 2.105 120.806 2.327
202209 0.887 120.648 0.981
202212 -2.299 120.964 -2.538
202303 0.359 122.702 0.391
202306 1.038 124.203 1.115
202309 0.523 125.230 0.558
202312 0.322 125.072 0.344
202403 0.333 126.258 0.352
202406 0.619 127.522 0.648
202409 -0.281 127.285 -0.295
202412 0.621 127.364 0.651
202503 0.477 129.181 0.493
202506 0.384 129.892 0.395
202509 0.104 130.287 0.107
202512 0.367 130.366 0.376
202603 0.500 132.262 0.505
202606 0.307 133.527 0.307

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Is Morguard North American Residential Real Estate Investment Trust (MNARF) Overvalued in 2026?

Based on GuruFocus' analysis, Morguard North American Residential Real Estate Investment Trust stock appears to be undervalued. The current stock price of $11.22 is trading 13.4% below its estimated GF Value™ of $12.96. GuruFocus considers Morguard North American Residential Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for MNARF:

  • Shiller PE Ratio:
  • GF Value™: $12.96 vs. price of $11.22 (13.4% below fair value)
  • GF Score™: 81/100 with 8 warning signs

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


Morguard North American Residential Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges MRG.UN:Canada
Address 55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. It acquires, develops, owns and manages multi-suite residential, commercial and hotel properties and serves as a real estate investment advisor and management company. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the majority of revenue.
81GF Score

Get the complete analysis for MNARF

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

$11.22
Price
$12.96
GF Value