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Frasers Commercial Trust (SGX:UP8) Cyclically Adjusted PB Ratio : (As of May. 19, 2024)


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What is Frasers Commercial Trust Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Commercial Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Frasers 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.

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Frasers Commercial Trust Cyclically Adjusted PB Ratio Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Cyclically Adjusted PB Ratio
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Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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Competitive Comparison of Frasers Commercial Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Frasers 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.


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

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

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



Frasers 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.

Frasers Commercial Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Frasers Commercial Trust's adjusted Book Value per Share data for the three months ended in Dec. 2019 was:

Adj_Book=Book Value per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=2.22/108.4201*108.4201
=2.220

Current CPI (Dec. 2019) = 108.4201.

Frasers Commercial Trust Quarterly Data

Book Value per Share CPI Adj_Book
201003 1.960 91.821 2.314
201006 1.275 91.962 1.503
201009 1.924 92.162 2.263
201012 1.921 92.474 2.252
201103 1.374 94.283 1.580
201106 1.356 95.235 1.544
201109 1.391 95.727 1.575
201112 1.354 95.213 1.542
201203 1.378 96.783 1.544
201206 1.335 96.819 1.495
201209 2.070 97.633 2.299
201212 2.046 96.871 2.290
201303 1.780 98.209 1.965
201306 1.495 98.518 1.645
201309 1.588 98.790 1.743
201312 1.562 98.326 1.722
201403 1.568 99.695 1.705
201406 1.580 100.560 1.704
201409 1.618 100.428 1.747
201412 1.596 99.070 1.747
201503 1.590 99.621 1.730
201506 1.583 100.684 1.705
201509 1.789 100.392 1.932
201512 1.810 99.792 1.966
201603 1.811 100.470 1.954
201606 1.789 101.688 1.907
201609 1.821 101.861 1.938
201612 1.830 101.863 1.948
201703 1.851 102.862 1.951
201706 1.838 103.349 1.928
201709 1.911 104.136 1.990
201712 1.890 104.011 1.970
201803 2.006 105.290 2.066
201806 2.001 106.317 2.041
201809 2.121 106.507 2.159
201812 2.103 105.998 2.151
201903 2.867 107.251 2.898
201906 2.073 108.070 2.080
201909 2.196 108.329 2.198
201912 2.220 108.420 2.220

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 Commercial Trust  (SGX:UP8) 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 Commercial Trust Cyclically Adjusted PB Ratio Related Terms

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Frasers Commercial Trust (SGX:UP8) Business Description

Industry
Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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