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Frasers Logisticsmmercial Trust (SGX:BUOU) Cyclically Adjusted PB Ratio : 0.82 (As of May. 26, 2024)


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What is Frasers Logisticsmmercial Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Frasers Logisticsmmercial Trust's current share price is S$0.995. Frasers Logisticsmmercial Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was S$1.21. Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio for today is 0.82.

The historical rank and industry rank for Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

SGX:BUOU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 0.97   Max: 1.16
Current: 0.82

During the past 11 years, Frasers Logisticsmmercial Trust's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.80. And the median was 0.97.

SGX:BUOU's Cyclically Adjusted PB Ratio is ranked worse than
53.55% of 493 companies
in the REITs industry
Industry Median: 0.76 vs SGX:BUOU: 0.82

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.

Frasers Logisticsmmercial Trust's adjusted book value per share data of for the fiscal year that ended in Sep23 was S$1.175. 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 S$1.21 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Logisticsmmercial Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Frasers Logisticsmmercial 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.

Frasers Logisticsmmercial Trust Cyclically Adjusted PB Ratio Chart

Frasers Logisticsmmercial Trust Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.05 0.88

Frasers Logisticsmmercial Trust Semi-Annual Data
Sep13 Sep14 Sep15 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 - 1.05 - 0.88 -

Competitive Comparison of Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, Frasers Logisticsmmercial 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.


Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio falls into.



Frasers Logisticsmmercial 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.

Frasers Logisticsmmercial Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.995/1.21
=0.82

* 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.

Frasers Logisticsmmercial Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Frasers Logisticsmmercial Trust's adjusted Book Value per Share data for the fiscal year that ended in Sep23 was:

Adj_Book=Book Value per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=1.175/129.8595*129.8595
=1.175

Current CPI (Sep23) = 129.8595.

Frasers Logisticsmmercial Trust Annual Data

Book Value per Share CPI Adj_Book
201409 0.000 100.428 0.000
201509 0.849 100.392 1.098
201609 0.902 101.861 1.150
201709 0.933 104.136 1.163
201809 0.944 106.507 1.151
201909 0.928 108.329 1.112
202009 1.105 109.815 1.307
202109 1.241 115.734 1.392
202209 1.304 125.227 1.352
202309 1.175 129.860 1.175

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.


Frasers Logisticsmmercial Trust  (SGX:BUOU) 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.


Frasers Logisticsmmercial Trust Cyclically Adjusted PB Ratio Related Terms

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Frasers Logisticsmmercial Trust (SGX:BUOU) Business Description

Traded in Other Exchanges
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Logistics & Commercial Trust was established following the merger between Frasers Logistics and Industrial Trust and Frasers Commercial Trust in April 2020. As of March 31, 2023, the trust has a diversified portfolio of 107 logistics, industrial and commercial properties valued at around SGD 6.7 billion across Singapore, Australia, Germany, the Netherlands, and the United Kingdom. The trust is externally managed by Frasers Logistics & Commercial Asset Management, a subsidiary of Frasers Property Limited, which owns around 21% of the trust.

Frasers Logisticsmmercial Trust (SGX:BUOU) Headlines

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