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Mapletree Pan Asia Commercial Trust (FRA:BI0) Cyclically Adjusted PB Ratio : 0.73 (As of Jun. 08, 2024)


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What is Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Mapletree Pan Asia Commercial Trust's current share price is €0.8403. Mapletree Pan Asia Commercial Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €1.15. Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio for today is 0.73.

The historical rank and industry rank for Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:BI0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.97   Max: 1.24
Current: 0.7

During the past years, Mapletree Pan Asia Commercial Trust's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.70. And the median was 0.97.

FRA:BI0's Cyclically Adjusted PB Ratio is ranked better than
54.95% of 495 companies
in the REITs industry
Industry Median: 0.76 vs FRA:BI0: 0.70

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.

Mapletree Pan Asia Commercial Trust's adjusted book value per share data for the three months ended in Dec. 2023 was €1.223. 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 €1.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mapletree Pan Asia Commercial Trust'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.

Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Chart

Mapletree Pan Asia Commercial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.22 1.08

Mapletree Pan Asia Commercial Trust Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.03 1.08 0.95 0.83 0.91

Competitive Comparison of Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Mapletree Pan Asia Commercial Trust'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.


Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio falls into.



Mapletree Pan Asia Commercial Trust 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.

Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.8403/1.15
=0.73

* 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.

Mapletree Pan Asia Commercial Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mapletree Pan Asia Commercial Trust's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.223/129.4194*129.4194
=1.223

Current CPI (Dec. 2023) = 129.4194.

Mapletree Pan Asia Commercial Trust Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.631 98.518 0.829
201309 0.621 98.790 0.814
201312 0.607 98.326 0.799
201403 0.652 99.695 0.846
201406 0.671 100.560 0.864
201409 0.701 100.428 0.903
201412 0.705 99.070 0.921
201503 0.816 99.621 1.060
201506 0.803 100.684 1.032
201509 0.764 100.392 0.985
201512 0.791 99.792 1.026
201603 0.833 100.470 1.073
201606 0.835 101.688 1.063
201609 0.864 101.861 1.098
201612 0.879 101.863 1.117
201703 0.914 102.862 1.150
201706 0.881 103.349 1.103
201709 0.851 104.136 1.058
201712 0.859 104.011 1.069
201803 0.914 105.290 1.123
201806 0.940 106.317 1.144
201809 0.925 106.507 1.124
201812 0.947 105.998 1.156
201903 1.040 107.251 1.255
201906 1.032 108.070 1.236
201909 1.114 108.329 1.331
201912 1.168 108.420 1.394
202003 1.117 108.902 1.327
202009 1.062 109.815 1.252
202103 1.077 111.754 1.247
202109 1.087 115.734 1.216
202112 0.000 117.630 0.000
202203 1.165 121.301 1.243
202206 0.000 125.017 0.000
202209 1.328 125.227 1.372
202212 1.279 125.222 1.322
202303 1.259 127.348 1.279
202306 1.232 128.729 1.239
202309 1.233 129.860 1.229
202312 1.223 129.419 1.223

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.


Mapletree Pan Asia Commercial Trust  (FRA:BI0) 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.


Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mapletree Pan Asia Commercial Trust (FRA:BI0) Business Description

Traded in Other Exchanges
Address
10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 18 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 56% stake in the trust.

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