Mapletree Logistics Trust (SGX:M44U) Cyclically Adjusted Book per Share: S$1.65 (As of Jun. 2026)

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SGX:M44U Mapletree Logistics Trust SGX:M44U
76 GF Score
Price S$1.23
GF Value S$1.25
Valuation Fairly Valued
! 10 Warning Signs
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What is Mapletree Logistics Trust Cyclically Adjusted Book per Share?

Mapletree Logistics Trust SGX:M44U 76 Cyclically Adjusted Book per Share is S$1.65 as of Jun. 2026. GuruFocus rates SGX:M44U with a GF Score™ of 76/100 and a GF Value™ of S$1.25 (Fairly Valued). The stock has 10 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Mapletree Logistics Trust's adjusted book value per share for the three months ended in Jun. 2026 was S$1.378. 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$1.65 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Mapletree Logistics Trust's average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Mapletree Logistics Trust was 8.00% per year. The lowest was 2.80% per year. And the median was 6.40% per year.

As of today (2026-08-04), Mapletree Logistics Trust's current stock price is S$1.23. Mapletree Logistics Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was S$1.65. Mapletree Logistics Trust's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mapletree Logistics Trust was 1.77. The lowest was 0.67. And the median was 1.13.


Mapletree Logistics Trust  (SGX:M44U) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Mapletree Logistics Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.23/1.65
=0.75

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mapletree Logistics Trust was 1.77. The lowest was 0.67. And the median was 1.13.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Mapletree Logistics Trust Cyclically Adjusted Book per Share Related Terms


Mapletree Logistics Trust Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mapletree Logistics Trust's Cyclically Adjusted Book per Share 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.

Mapletree Logistics Trust Cyclically Adjusted Book per Share Chart

Mapletree Logistics Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.51 1.57 1.61 1.64

Mapletree Logistics Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 1.62 1.62 1.61 1.64 1.65

SGX:M44U vs PLD, PSA, EXR: Cyclically Adjusted Book per Share Comparison

For the REIT - Industrial subindustry, Mapletree Logistics 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.


Mapletree Logistics Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


SGX:M44U
76GF Score
Mapletree Logistics Trust SGX:M44U
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mapletree Logistics Trust Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Mapletree Logistics Trust's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.378/333.9520*333.9520
=1.378

Current CPI (Jun. 2026) = 333.9520.

Mapletree Logistics Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.232 241.428 1.704
201612 1.260 241.432 1.743
201703 1.263 243.801 1.730
201706 1.247 244.955 1.700
201709 1.183 246.819 1.601
201712 1.185 246.524 1.605
201803 1.243 249.554 1.663
201806 1.251 251.989 1.658
201809 1.249 252.439 1.652
201812 1.243 251.233 1.652
201903 1.285 254.202 1.688
201906 1.283 256.143 1.673
201909 1.283 256.759 1.669
201912 1.286 256.974 1.671
202003 1.316 258.115 1.703
202006 1.316 257.797 1.705
202009 1.311 260.280 1.682
202012 1.383 260.474 1.773
202103 1.425 264.877 1.797
202106 1.415 271.696 1.739
202109 1.419 274.310 1.728
202112 1.492 278.802 1.787
202203 1.600 287.504 1.858
202206 1.593 296.311 1.795
202209 1.578 296.808 1.775
202212 1.534 296.797 1.726
202303 1.559 301.836 1.725
202306 1.538 305.109 1.683
202309 1.534 307.789 1.664
202312 1.512 306.746 1.646
202403 1.495 312.332 1.598
202406 1.490 314.175 1.584
202409 1.448 315.301 1.534
202412 1.460 315.605 1.545
202503 1.425 319.799 1.488
202506 1.377 322.561 1.426
202509 1.380 324.800 1.419
202512 1.381 324.054 1.423
202603 1.380 330.213 1.396
202606 1.378 333.952 1.378

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of S$1.65 mean?
Mapletree Logistics Trust (SGX:M44U) has a Cyclically Adjusted Book per Share of S$1.65 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mapletree Logistics Trust and its competitors.
Is Mapletree Logistics Trust's Cyclically Adjusted Book per Share too high?
Mapletree Logistics Trust's current Cyclically Adjusted Book per Share is S$1.65. Overall, Mapletree Logistics Trust has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Logistics Trust's Cyclically Adjusted Book per Share compare to PLD and PSA?
Mapletree Logistics Trust's Cyclically Adjusted Book per Share of S$1.65 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mapletree Logistics Trust and its competitors. Mapletree Logistics Trust's current Cyclically Adjusted Book per Share is S$1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Logistics Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Logistics Trust (SGX:M44U) is currently considered Fairly Valued. The stock's GF Value™ is S$1.25, compared to a current price of S$1.23 — trading 1.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is S$1.65. Mapletree Logistics Trust's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Mapletree Logistics Trust (SGX:M44U), the current Cyclically Adjusted Book per Share is S$1.65 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mapletree Logistics Trust (SGX:M44U) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Logistics Trust stock appears to be undervalued. The current stock price of S$1.23 is trading 1.6% below its estimated GF Value™ of S$1.25. GuruFocus considers Mapletree Logistics Trust to be Fairly Valued.

Key valuation signals for SGX:M44U:

  • Cyclically Adjusted Book per Share: S$1.65
  • GF Value™: S$1.25 vs. price of S$1.23 (1.6% below fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the SGX:M44U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mapletree Logistics Trust Business Description

Industry Real EstateREITs
Other Exchanges MAPGF:USAN0H:Germany
Address 10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2026, the trust had a SGD 13.1 billion portfolio of 175 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management, a subsidiary of Mapletree Investments, which owns around a 26% stake in the trust.
76GF Score

Get the complete analysis for SGX:M44U

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$1.23
Price
S$1.25
GF Value