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Frasers Centrepoint Trust (Frasers Centrepoint Trust) Cyclically Adjusted PB Ratio : 0.83 (As of May. 16, 2024)


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What is Frasers Centrepoint Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Frasers Centrepoint Trust's current share price is $1.56. Frasers Centrepoint Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was $1.89. Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio for today is 0.83.

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

FRZCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.23   Max: 1.56
Current: 0.87

During the past 13 years, Frasers Centrepoint Trust's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.82. And the median was 1.23.

FRZCF's Cyclically Adjusted PB Ratio is ranked worse than
54.16% of 493 companies
in the REITs industry
Industry Median: 0.78 vs FRZCF: 0.87

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 Centrepoint Trust's adjusted book value per share data of for the fiscal year that ended in Sep23 was $1.705. 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 $1.89 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Centrepoint Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Frasers Centrepoint 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 Centrepoint Trust Cyclically Adjusted PB Ratio Chart

Frasers Centrepoint 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 1.42 1.18 1.04 0.90 0.88

Frasers Centrepoint Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 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 Premium Member Only Premium Member Only - 0.90 - 0.88 -

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

For the REIT - Retail subindustry, Frasers Centrepoint 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 Centrepoint Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.56/1.89
=0.83

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

For example, Frasers Centrepoint 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)
=1.705/129.8595*129.8595
=1.705

Current CPI (Sep23) = 129.8595.

Frasers Centrepoint Trust Annual Data

Book Value per Share CPI Adj_Book
201409 1.457 100.428 1.884
201509 1.342 100.392 1.736
201609 1.410 101.861 1.798
201709 1.493 104.136 1.862
201809 1.511 106.507 1.842
201909 1.595 108.329 1.912
202009 1.649 109.815 1.950
202109 1.711 115.734 1.920
202209 1.647 125.227 1.708
202309 1.705 129.860 1.705

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 Centrepoint Trust  (OTCPK:FRZCF) 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 Centrepoint Trust Cyclically Adjusted PB Ratio Related Terms

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


Frasers Centrepoint Trust (Frasers Centrepoint Trust) Business Description

Traded in Other Exchanges
Address
10 Marina Boulevard, Marina Bay Financial Centre, Tower 2 Number 48-01, Singapore, SGP, 018983
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominately invests in suburban retail assets in Singapore. Its portfolio consists of 11 retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 7.6 billion as at Sept. 30, 2023. FCT also holds a: i) 30.97% interest in Hektar REIT, a retail-focused REIT in Malaysia; and ii) 43.7% interest in Changi City Carpark. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property Limited that has a 41.2% direct and indirect interest in FCT.

Frasers Centrepoint Trust (Frasers Centrepoint Trust) Headlines