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CapitaLand Malaysia Trust (XKLS:5180) Cyclically Adjusted Book per Share : RM1.47 (As of Mar. 2024)


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What is CapitaLand Malaysia Trust Cyclically Adjusted Book per Share?

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.

CapitaLand Malaysia Trust's adjusted book value per share for the three months ended in Mar. 2024 was RM0.978. 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 RM1.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CapitaLand Malaysia Trust's average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.60% 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 CapitaLand Malaysia Trust was 2.60% per year. The lowest was 2.60% per year. And the median was 2.60% per year.

As of today (2024-06-23), CapitaLand Malaysia Trust's current stock price is RM0.68. CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.47. CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio of today is 0.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CapitaLand Malaysia Trust was 0.60. The lowest was 0.34. And the median was 0.41.


CapitaLand Malaysia Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for CapitaLand Malaysia 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.

* Premium members only.

CapitaLand Malaysia Trust Cyclically Adjusted Book per Share Chart

CapitaLand Malaysia Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.35 1.42 1.47 1.46

CapitaLand Malaysia Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.49 1.49 1.48 1.46 1.47

Competitive Comparison of CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, CapitaLand Malaysia 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.


CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



CapitaLand Malaysia 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, CapitaLand Malaysia Trust's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.978/131.7762*131.7762
=0.978

Current CPI (Mar. 2024) = 131.7762.

CapitaLand Malaysia Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.278 100.560 1.675
201409 1.253 100.428 1.644
201412 1.286 99.070 1.711
201503 1.264 99.621 1.672
201506 1.313 100.684 1.718
201509 1.298 100.392 1.704
201512 1.321 99.792 1.744
201603 1.301 100.470 1.706
201606 1.322 101.688 1.713
201609 1.303 101.861 1.686
201612 1.322 101.863 1.710
201703 1.300 102.862 1.665
201706 1.314 103.349 1.675
201709 1.292 104.136 1.635
201712 1.319 104.011 1.671
201803 1.297 105.290 1.623
201806 1.312 106.317 1.626
201809 1.288 106.507 1.594
201812 1.304 105.998 1.621
201903 1.282 107.251 1.575
201906 1.277 108.070 1.557
201909 1.257 108.329 1.529
201912 1.268 108.420 1.541
202003 1.247 108.902 1.509
202006 1.247 108.767 1.511
202009 1.260 109.815 1.512
202012 1.184 109.897 1.420
202103 1.155 111.754 1.362
202106 1.160 114.631 1.333
202109 1.147 115.734 1.306
202112 1.122 117.630 1.257
202203 1.116 121.301 1.212
202206 1.126 125.017 1.187
202209 1.103 125.227 1.161
202212 1.096 125.222 1.153
202303 0.971 127.348 1.005
202306 0.977 128.729 1.000
202309 0.969 129.860 0.983
202312 1.002 129.419 1.020
202403 0.978 131.776 0.978

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


CapitaLand Malaysia Trust  (XKLS:5180) 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.

CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.68/1.47
=0.46

* 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 CapitaLand Malaysia Trust was 0.60. The lowest was 0.34. And the median was 0.41.


Be Aware

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


CapitaLand Malaysia Trust Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CapitaLand Malaysia Trust (XKLS:5180) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.10, Persiaran KLCC, Unit No.1-27, Level 27, Naza Tower, Kuala Lumpur, MYS, 50088
CapitaLand Malaysia Trust is a property investment trust that focuses on retail properties in Malaysia. its portfolio of quality assets comprises five retail properties, an office and a logistics park. Its retail and office properties are strategically located across three key urban centers: Gurney Plaza in Penang; four in Klang Valley a majority interest in Sungei Wang Plaza in Kuala Lumpur; 3 Damansara and 3 Damansara Office Tower in Petaling Jaya; and The Mines in Seri Kembangan; and East Coast Mall in Kuantan, Pahang. The company operates in two reportable segments Retail and Others.

CapitaLand Malaysia Trust (XKLS:5180) Headlines

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