Fortune Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data
The historical data trend for Fortune Real Estate Investment 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.
Fortune Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart
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Fortune Real Estate Investment Trust Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cyclically Adjusted PB Ratio |
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0.72 |
0.54 |
0.53 |
0.39 |
0.29 |
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Fortune Real Estate Investment Trust Semi-Annual Data
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Jun14 |
Dec14 |
Jun15 |
Dec15 |
Jun16 |
Dec16 |
Jun17 |
Dec17 |
Jun18 |
Dec18 |
Jun19 |
Dec19 |
Jun20 |
Dec20 |
Jun21 |
Dec21 |
Jun22 |
Dec22 |
Jun23 |
Dec23 |
| Cyclically Adjusted PB Ratio |
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0.53 |
- |
0.39 |
- |
0.29 |
Competitive Comparison of Fortune Real Estate Investment Trust's Cyclically Adjusted PB Ratio
For the REIT - Retail subindustry, Fortune Real Estate Investment 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.
Fortune Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Fortune Real Estate Investment Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Fortune Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.
Fortune Real Estate Investment 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.
Fortune Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
Fortune Real Estate Investment Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:
For example, Fortune Real Estate Investment Trust's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:
| Adj_Book | = | Book Value per Share | / | CPI of Dec23 (Change) | * | Current CPI (Dec23) |
| = | 13.938 | / | 129.4194 | * | 129.4194 |
| = | 13.938 |
Current CPI (Dec23) = 129.4194.
Fortune Real Estate Investment Trust Annual Data
|
Book Value per Share |
CPI |
Adj_Book |
| 201412 |
11.946 |
99.070 |
15.606 |
| 201512 |
12.779 |
99.792 |
16.573 |
| 201612 |
12.926 |
101.863 |
16.423 |
| 201712 |
14.068 |
104.011 |
17.505 |
| 201812 |
16.636 |
105.998 |
20.312 |
| 201912 |
16.807 |
108.420 |
20.062 |
| 202012 |
14.616 |
109.897 |
17.212 |
| 202112 |
14.813 |
117.630 |
16.298 |
| 202212 |
14.554 |
125.222 |
15.042 |
| 202312 |
13.938 |
129.419 |
13.938 |
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.
Fortune Real Estate Investment Trust (HKSE:00778) Business Description
Traded in Other Exchanges
Address
5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985
Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.
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