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Accelerate Property Fund (JSE:APF) Cyclically Adjusted PB Ratio : 0.06 (As of Jun. 09, 2024)


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What is Accelerate Property Fund Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Accelerate Property Fund's current share price is R0.46. Accelerate Property Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was R7.80. Accelerate Property Fund's Cyclically Adjusted PB Ratio for today is 0.06.

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

JSE:APF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.11   Max: 0.23
Current: 0.06

During the past 11 years, Accelerate Property Fund's highest Cyclically Adjusted PB Ratio was 0.23. The lowest was 0.06. And the median was 0.11.

JSE:APF's Cyclically Adjusted PB Ratio is ranked better than
98.38% of 495 companies
in the REITs industry
Industry Median: 0.76 vs JSE:APF: 0.06

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.

Accelerate Property Fund's adjusted book value per share data of for the fiscal year that ended in Mar23 was R3.923. 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 R7.80 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Accelerate Property Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Accelerate Property Fund'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.

Accelerate Property Fund Cyclically Adjusted PB Ratio Chart

Accelerate Property Fund 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 - - - 0.19 0.11

Accelerate Property Fund Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.19 - 0.11 -

Competitive Comparison of Accelerate Property Fund's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Accelerate Property Fund'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.


Accelerate Property Fund's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's Cyclically Adjusted PB Ratio falls into.



Accelerate Property Fund 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.

Accelerate Property Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.46/7.8
=0.06

* 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.

Accelerate Property Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Accelerate Property Fund's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=3.923/147.5864*147.5864
=3.923

Current CPI (Mar23) = 147.5864.

Accelerate Property Fund Annual Data

Book Value per Share CPI Adj_Book
201403 5.350 94.723 8.336
201503 6.034 98.538 9.038
201603 6.527 104.969 9.177
201703 6.744 111.400 8.935
201803 7.258 115.542 9.271
201903 7.312 120.774 8.935
202003 6.171 125.679 7.247
202103 5.967 129.628 6.794
202203 5.901 137.594 6.330
202303 3.923 147.586 3.923

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.


Accelerate Property Fund  (JSE:APF) 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.


Accelerate Property Fund Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Accelerate Property Fund's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Accelerate Property Fund (JSE:APF) Business Description

Traded in Other Exchanges
N/A
Address
1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through four operating segments. Office segment, which acquires, develops and leases offices. The industrial segment acquires, develops and leases warehouses and factories. The retail segment acquires, develops and leases shopping malls, community centres as well as retail centres. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria and Slovakia, out of which the majority of its revenue is generated from South Africa.

Accelerate Property Fund (JSE:APF) Headlines

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