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BKK:FTREIT's Cyclically Adjusted PB Ratio is ranked worse than 64.18% of 550
companies
in the REITs industry
Industry Median: 0.79
vs BKK:FTREIT: 1.00
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.
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 Property Thailand Industrial Freehold & Leasehold REIT Cyclically Adjusted PB Ratio Related Terms
Frasers Property Thailand Industrial Freehold & Leasehold REIT Cyclically Adjusted PB Ratio Historical Data
* 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.
* 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 Property Thailand Industrial Freehold & Leasehold REIT Cyclically Adjusted PB Ratio vs REITs Industry
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.
* 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.
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 1.00 mean?
Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) has a Cyclically Adjusted PB Ratio of 1.00 as of Aug. 31, 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. This is 19% above median its historical median of 0.84. Over the past decade, Frasers Property Thailand Industrial Freehold & Leasehold REIT's Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.02. According to the industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #353 out of 550 companies in the REITs industry, placing it in the top 64.2%.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT's Cyclically Adjusted PB Ratio too high?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Cyclically Adjusted PB Ratio of 1.00 is 19% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.02. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Frasers Property Thailand Industrial Freehold & Leasehold REIT's value of 1.00 is 26.6% above this industry median. Based on the distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #353 out of 550 companies in the REITs industry, which is below the industry midpoint. Overall, Frasers Property Thailand Industrial Freehold & Leasehold REIT has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property Thailand Industrial Freehold & Leasehold REIT's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #353 out of 550 companies for Cyclically Adjusted PB Ratio. This places Frasers Property Thailand Industrial Freehold & Leasehold REIT in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Frasers Property Thailand Industrial Freehold & Leasehold REIT's value of 1.00 is 26.6% above this benchmark. Historically, Frasers Property Thailand Industrial Freehold & Leasehold REIT's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.02 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.79, Frasers Property Thailand Industrial Freehold & Leasehold REIT 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 550 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. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Cyclically Adjusted PB Ratio of 1.00 is 26.6% 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current Cyclically Adjusted PB Ratio is 1.00, which is 19% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.15, compared to a current price of ฿12.70 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 19% above median its 10-year median of 0.84 and 26.6% above the REITs industry median of 0.79. Frasers Property Thailand Industrial Freehold & Leasehold REIT's overall GF Score™ is 82/100 with 11 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT), the current Cyclically Adjusted PB Ratio is 1.00 as of Aug. 31, 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT stock appears to be overvalued.
The current stock price of ฿12.70 is trading 13.9% above its estimated GF Value™ of ฿11.15.
GuruFocus considers Frasers Property Thailand Industrial Freehold & Leasehold REIT to be Modestly Overvalued.
Key valuation signals for BKK:FTREIT:
Cyclically Adjusted PB Ratio: 1.00 (19% above median its 10-year median of 0.84)
GF Value™: ฿11.15 vs. price of ฿12.70 (13.9% above fair value)
Industry Position: 26.6% above the REITs median (#353 of 550)
No single metric tells the full story. See the BKK:FTREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frasers Property Thailand Industrial Freehold & Leasehold REIT invests in high-quality industrial and logistics properties. Its portfolio includes domestic factories, warehouses, and industrial and logistics properties which can generate high returns. The trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease, and/or sub-lease immovable properties. Its reportable operating segment is to provide the rental of immovable properties. Geographically, the trust's operation is carried on only in Thailand.
82GF Score
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