ARPTF (Airport City) Cyclically Adjusted PB Ratio: 0.70 (As of Aug. 19, 2026) — 18% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ARPTF Airport City Ltd ARPTF
65 GF Score
Price $14.44
GF Value $19.37
! 4 Warning Signs
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What is Airport City Cyclically Adjusted PB Ratio?

Airport City ARPTF -5.93% 65 Cyclically Adjusted PB Ratio is 0.70 as of Aug. 19, 2026, which is 18% below its 10-year median of 0.85. GuruFocus rates ARPTF with a GF Score™ of 65/100 and a GF Value™ of $19.37. The stock has 4 warning signs investors should review. Among 1,385 Real Estate companies, Airport City ranks better than 51.84% on this metric.

As of today (2026-08-19), Airport City's current share price is $14.44. Airport City's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $20.62. Airport City's Cyclically Adjusted PB Ratio for today is 0.70.

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

ARPTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.85   Max: 1.09
Current: 0.66

During the past years, Airport City's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.66. And the median was 0.85.

ARPTF's Cyclically Adjusted PB Ratio is ranked better than
51.84% of 1385 companies
in the Real Estate industry
Industry Median: 0.68 vs ARPTF: 0.66

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.

Airport City's adjusted book value per share data for the three months ended in Mar. 2026 was $30.738. 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 $20.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Airport City  (OTCPK:ARPTF) 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.


Airport City Cyclically Adjusted PB Ratio Related Terms


Airport City Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Airport City'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.

Airport City Cyclically Adjusted PB Ratio Chart

Airport City Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.05 0.86 0.85

Airport City Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.75 0.86 0.85 0.85 0.70

ARPTF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Airport City'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.


Airport City Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport City's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Airport City's Cyclically Adjusted PB Ratio falls into.


ARPTF
65GF Score
Airport City Ltd ARPTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Airport City 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.

Airport City's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.44/20.62
=0.70

* 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.

Airport City's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Airport City's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=30.738/330.2130*330.2130
=30.738

Current CPI (Mar. 2026) = 330.2130.

Airport City Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 12.545 241.432 17.158
201703 12.760 243.801 17.283
201706 13.154 244.955 17.732
201709 14.134 246.819 18.910
201712 14.715 246.524 19.710
201803 15.429 249.554 20.416
201806 15.666 251.989 20.529
201809 16.112 252.439 21.076
201812 16.718 251.233 21.974
201903 16.886 254.202 21.935
201906 17.026 256.143 21.949
201909 17.284 256.759 22.229
201912 19.340 256.974 24.852
202003 19.378 258.115 24.791
202006 19.525 257.797 25.010
202009 20.041 260.280 25.426
202012 20.111 260.474 25.495
202103 20.613 264.877 25.698
202106 20.845 271.696 25.335
202109 22.268 274.310 26.806
202112 23.729 278.802 28.105
202203 25.846 287.504 29.685
202206 26.165 296.311 29.159
202209 25.331 296.808 28.182
202212 25.490 296.797 28.360
202303 25.754 301.836 28.175
202306 25.967 305.109 28.104
202309 26.326 307.789 28.244
202312 26.316 306.746 28.329
202403 27.412 312.332 28.981
202406 27.272 314.175 28.664
202409 27.805 315.301 29.120
202412 27.823 315.605 29.111
202503 28.427 319.799 29.353
202506 29.326 322.561 30.022
202509 29.732 324.800 30.228
202512 30.154 324.054 30.727
202603 30.738 330.213 30.738

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.

What does a Cyclically Adjusted PB Ratio of 0.70 mean?
Airport City (ARPTF) has a Cyclically Adjusted PB Ratio of 0.70 as of Aug. 19, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Airport City and its competitors. This is 18% below median its historical median of 0.85. Over the past decade, Airport City's Cyclically Adjusted PB Ratio has ranged from 0.66 to 1.09. According to the industry distribution chart, Airport City ranks #667 out of 1385 companies in the Real Estate industry, placing it in the top 48.2%.
Is Airport City's Cyclically Adjusted PB Ratio too high?
Airport City's current Cyclically Adjusted PB Ratio of 0.70 is 18% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.09. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Airport City's value of 0.70 is 2.9% above this industry median. Based on the distribution chart, Airport City ranks #667 out of 1385 companies in the Real Estate industry, which is above the industry midpoint. Overall, Airport City has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Airport City's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Airport City ranks #667 out of 1385 companies for Cyclically Adjusted PB Ratio. This puts Airport City in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Airport City's value of 0.70 is 2.9% above this benchmark. Historically, Airport City's own Cyclically Adjusted PB Ratio has ranged from 0.66 to 1.09 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.68, Airport City has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,385 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airport City's current Cyclically Adjusted PB Ratio of 0.70 is 2.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Airport City and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airport City's current Cyclically Adjusted PB Ratio is 0.70, which is 18% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airport City stock overvalued right now?
Airport City (ARPTF) has a current Cyclically Adjusted PB Ratio of 0.70. The stock's GF Value™ is $19.37, compared to a current price of $14.44 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 18% below median its 10-year median of 0.85 and 2.9% above the Real Estate industry median of 0.68. Airport City's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Airport City (ARPTF), the current Cyclically Adjusted PB Ratio is 0.70 as of Aug. 19, 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 Airport City (ARPTF) Overvalued in 2026?

Based on GuruFocus' analysis, Airport City stock appears to be undervalued. The current stock price of $14.44 is trading 25.5% below its estimated GF Value™ of $19.37.

Key valuation signals for ARPTF:

  • Cyclically Adjusted PB Ratio: 0.70 (18% below median its 10-year median of 0.85)
  • GF Value™: $19.37 vs. price of $14.44 (25.5% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 2.9% above the Real Estate median (#667 of 1385)

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


Airport City Business Description

Other Exchanges ARPT:Israel
Address Israel's Business Capital, P.O.Box 66, Ben-Gurion Airport, Tel Aviv, ISR, 70151
Airport City Ltd is an Israel-based company engaged in the real estate sector. The company is engaged in planning, developing, acquiring, managing, improving and realizing investments in the area of real estate in Israel and abroad.
65GF Score

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

$14.44
Price
$19.37
GF Value