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BKK:MJLF's Cyclically Adjusted PB Ratio is not ranked
in the REITs industry.
Industry Median: 0.78
vs BKK:MJLF: 0.35
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.
Major Cineplex Lifestyle Leasehold Property Fund's adjusted book value per share data for the three months ended in Sep. 2025 was ฿11.521. 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 ฿14.08 for the trailing ten years ended in Sep. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Major Cineplex Lifestyle Leasehold Property Fund (BKK:MJLF) 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.
Major Cineplex Lifestyle Leasehold Property Fund Cyclically Adjusted PB Ratio Related Terms
Major Cineplex Lifestyle Leasehold Property Fund 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.
Major Cineplex Lifestyle Leasehold Property Fund Cyclically Adjusted PB Ratio Chart
Major Cineplex Lifestyle Leasehold Property Fund Annual Data
BKK:MJLF vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison
For the REIT - Retail subindustry, Major Cineplex Lifestyle Leasehold Property Fund'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.
Major Cineplex Lifestyle Leasehold Property Fund Cyclically Adjusted PB Ratio vs REITs Industry
Major Cineplex Lifestyle Leasehold Property Fund 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.
* 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 0.35 mean?
Major Cineplex Lifestyle Leasehold Property Fund (BKK:MJLF) has a Cyclically Adjusted PB Ratio of 0.35 as of Sep. 09, 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 Major Cineplex Lifestyle Leasehold Property Fund and its competitors. This is 34% below median its historical median of 0.53. Over the past decade, Major Cineplex Lifestyle Leasehold Property Fund's Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.10.
Is Major Cineplex Lifestyle Leasehold Property Fund's Cyclically Adjusted PB Ratio too high?
Major Cineplex Lifestyle Leasehold Property Fund's current Cyclically Adjusted PB Ratio of 0.35 is 34% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.10. The REITs industry median Cyclically Adjusted PB Ratio is 0.78. Major Cineplex Lifestyle Leasehold Property Fund's value of 0.35 is 55.1% below this industry median. Overall, Major Cineplex Lifestyle Leasehold Property Fund has a GF Scoreâ„¢ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Major Cineplex Lifestyle Leasehold Property Fund's Cyclically Adjusted PB Ratio compare to SPG and O?
Major Cineplex Lifestyle Leasehold Property Fund's Cyclically Adjusted PB Ratio of 0.35 can be compared against companies in the REITs industry. The industry median Cyclically Adjusted PB Ratio is 0.78. Major Cineplex Lifestyle Leasehold Property Fund's value of 0.35 is 55.1% below this benchmark. Historically, Major Cineplex Lifestyle Leasehold Property Fund's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.10 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.78, Major Cineplex Lifestyle Leasehold Property Fund has consistently been below 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 0.78, based on 551 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. Major Cineplex Lifestyle Leasehold Property Fund's current Cyclically Adjusted PB Ratio of 0.35 is 55.1% below 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 Major Cineplex Lifestyle Leasehold Property Fund and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Cineplex Lifestyle Leasehold Property Fund's current Cyclically Adjusted PB Ratio is 0.35, which is 34% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Cineplex Lifestyle Leasehold Property Fund stock overvalued right now?
Major Cineplex Lifestyle Leasehold Property Fund (BKK:MJLF) has a current Cyclically Adjusted PB Ratio of 0.35. The stock's GF Value™ is ฿4.45, compared to a current price of ฿4.94 — trading 11% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.35, which is 34% below median its 10-year median of 0.53 and 55.1% below the REITs industry median of 0.78. Major Cineplex Lifestyle Leasehold Property Fund's overall GF Score™ is 51/100 with 6 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 Major Cineplex Lifestyle Leasehold Property Fund (BKK:MJLF), the current Cyclically Adjusted PB Ratio is 0.35 as of Sep. 09, 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 Major Cineplex Lifestyle Leasehold Property Fund (BKK:MJLF) Overvalued in 2026?
Based on GuruFocus' analysis, Major Cineplex Lifestyle Leasehold Property Fund stock appears to be overvalued.
The current stock price of ฿4.94 is trading 11% above its estimated GF Value™ of ฿4.45.
Key valuation signals for BKK:MJLF:
Cyclically Adjusted PB Ratio: 0.35 (34% below median its 10-year median of 0.53)
GF Value™: ฿4.45 vs. price of ฿4.94 (11% above fair value)
No single metric tells the full story. See the BKK:MJLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Cineplex Lifestyle Leasehold Property Fund is a closed-end property fund. The fund operates in only one business segment which is the Investment in Property and the business is only operated in Thailand.
51GF Score
Get the complete analysis for BKK:MJLF
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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