Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
BKK:QHOP's Cyclically Adjusted PB Ratio is ranked better than 80.15% of 549
companies
in the REITs industry
Industry Median: 0.79
vs BKK:QHOP: 0.39
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.
Quality Hospitality Leasehold Property Fund's adjusted book value per share data for the three months ended in Jun. 2026 was ฿5.132. 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 ฿8.33 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Quality Hospitality Leasehold Property Fund (BKK:QHOP) 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.
Quality Hospitality Leasehold Property Fund Cyclically Adjusted PB Ratio Related Terms
Quality Hospitality 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.
Quality Hospitality Leasehold Property Fund Cyclically Adjusted PB Ratio Chart
Quality Hospitality Leasehold Property Fund Annual Data
BKK:QHOP vs EQIX, AMT, DLR: Cyclically Adjusted PB Ratio Comparison
For the REIT - Specialty subindustry, Quality Hospitality 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.
Quality Hospitality Leasehold Property Fund Cyclically Adjusted PB Ratio vs REITs Industry
Quality Hospitality 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 0.38 mean?
Quality Hospitality Leasehold Property Fund (BKK:QHOP) has a Cyclically Adjusted PB Ratio of 0.38 as of Sep. 03, 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 Quality Hospitality Leasehold Property Fund and its competitors. This is 12% above median its historical median of 0.34. Over the past decade, Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PB Ratio has ranged from 0.24 to 0.41. According to the industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #109 out of 549 companies in the REITs industry, placing it in the top 19.9%.
Is Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PB Ratio too high?
Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PB Ratio of 0.38 is 12% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.41. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Quality Hospitality Leasehold Property Fund's value of 0.38 is 51.9% below this industry median. Based on the distribution chart, Quality Hospitality Leasehold Property Fund ranks #109 out of 549 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Quality Hospitality Leasehold Property Fund has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PB Ratio compare to EQIX and AMT?
According to the REITs industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #109 out of 549 companies for Cyclically Adjusted PB Ratio. This places Quality Hospitality Leasehold Property Fund in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.79. Quality Hospitality Leasehold Property Fund's value of 0.38 is 51.9% below this benchmark. Historically, Quality Hospitality Leasehold Property Fund's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 0.41 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.79, Quality Hospitality 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 0.79, based on 549 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. Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PB Ratio of 0.38 is 51.9% 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 Quality Hospitality Leasehold Property Fund 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. Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PB Ratio is 0.38, which is 12% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Hospitality Leasehold Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund (BKK:QHOP) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿9.41, compared to a current price of ฿3.14 — trading 66.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.38, which is 12% above median its 10-year median of 0.34 and 51.9% below the REITs industry median of 0.79. Quality Hospitality Leasehold Property Fund's overall GF Score™ is 77/100 with 2 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP), the current Cyclically Adjusted PB Ratio is 0.38 as of Sep. 03, 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP) Overvalued in 2026?
Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund stock appears to be undervalued.
The current stock price of ฿3.14 is trading 66.6% below its estimated GF Value™ of ฿9.41.
GuruFocus considers Quality Hospitality Leasehold Property Fund to be Significantly Undervalued.
Key valuation signals for BKK:QHOP:
Cyclically Adjusted PB Ratio: 0.38 (12% above median its 10-year median of 0.34)
GF Value™: ฿9.41 vs. price of ฿3.14 (66.6% below fair value)
Industry Position: 51.9% below the REITs median (#109 of 549)
No single metric tells the full story. See the BKK:QHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quality Hospitality Leasehold Property Fund is a close-ended leasehold property fund and a specific property fund. The Fund's objective is to mobilize funds from the public and general investors to purchase and lease immovable properties and to seek benefits from those properties including the modification, development, and disposal of the properties, which the Fund invests in or possesses by way of letting, subletting and disposal for the benefit of the properties themselves and to generate income and return for unit holders and the Fund.
77GF Score
Get the complete analysis for BKK:QHOP
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:QHOP has been successfully added to your 
