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Mori Trust Reit (Mori Trust Reit) Cyclically Adjusted PB Ratio : 1.10 (As of May. 16, 2024)


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What is Mori Trust Reit Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Mori Trust Reit's current share price is $914.45. Mori Trust Reit's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep22 was $833.23. Mori Trust Reit's Cyclically Adjusted PB Ratio for today is 1.10.

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

MRGIF's Cyclically Adjusted PB Ratio is not ranked *
in the REITs industry.
Industry Median: 0.78
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Mori Trust Reit's adjusted book value per share data of for the fiscal year that ended in Sep22 was $420.523. 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 $833.23 for the trailing ten years ended in Sep22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mori Trust Reit Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mori Trust Reit'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.

Mori Trust Reit Cyclically Adjusted PB Ratio Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.58 1.09 1.21 1.10

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 - 1.21 - 1.10 -

Competitive Comparison of Mori Trust Reit's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Mori Trust Reit 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.

Mori Trust Reit's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=914.45/833.23
=1.10

* 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.

Mori Trust Reit's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep22 is calculated as:

For example, Mori Trust Reit's adjusted Book Value per Share data for the fiscal year that ended in Sep22 was:

Adj_Book=Book Value per Share/CPI of Sep22 (Change)*Current CPI (Sep22)
=420.523/103.1000*103.1000
=420.523

Current CPI (Sep22) = 103.1000.

Mori Trust Reit Annual Data

Book Value per Share CPI Adj_Book
201309 587.376 95.400 634.785
201409 559.875 98.500 586.021
201509 507.291 98.500 530.982
201609 593.034 98.000 623.896
201709 552.775 98.800 576.833
201809 540.252 99.900 557.557
201909 563.431 100.100 580.317
202009 574.422 99.900 592.822
202109 550.525 100.100 567.024
202209 420.523 103.100 420.523

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.


Mori Trust Reit  (OTCPK:MRGIF) 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.


Mori Trust Reit Cyclically Adjusted PB Ratio Related Terms

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


Mori Trust Reit (Mori Trust Reit) Business Description

Industry
Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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