FRZCF (Frasers Centrepoint Trust) Cyclically Adjusted PB Ratio: 0.86 (As of Jul. 15, 2026) — 24% Below Median

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FRZCF Frasers Centrepoint Trust FRZCF
81 GF Score
Price $1.73
GF Value $1.73
! 7 Warning Signs
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What is Frasers Centrepoint Trust Cyclically Adjusted PB Ratio?

Frasers Centrepoint Trust FRZCF 81 Cyclically Adjusted PB Ratio is 0.86 as of Jul. 15, 2026, which is 24% below its 10-year median of 1.13. GuruFocus rates FRZCF with a GF Score™ of 81/100 and a GF Value™ of $1.73. The stock has 7 warning signs investors should review. Among 559 REITs companies, Frasers Centrepoint Trust ranks worse than 53.49% on this metric.

As of today (2026-07-15), Frasers Centrepoint Trust's current share price is $1.73. Frasers Centrepoint Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was $2.01. Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio for today is 0.86.

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

FRZCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.13   Max: 1.57
Current: 0.87

During the past 13 years, Frasers Centrepoint Trust's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.81. And the median was 1.13.

FRZCF's Cyclically Adjusted PB Ratio is ranked worse than
53.49% of 559 companies
in the REITs industry
Industry Median: 0.83 vs FRZCF: 0.87

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.

Frasers Centrepoint Trust's adjusted book value per share data of for the fiscal year that ended in Sep25 was $1.819. 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 $2.01 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Centrepoint Trust  (OTCPK:FRZCF) 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.


Frasers Centrepoint Trust Cyclically Adjusted PB Ratio Related Terms


Frasers Centrepoint Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Frasers Centrepoint Trust'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.

Frasers Centrepoint Trust Cyclically Adjusted PB Ratio Chart

Frasers Centrepoint Trust Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.90 0.88 0.91 0.90

Frasers Centrepoint Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 0.91 0.00 0.90 0.00

FRZCF vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Frasers Centrepoint 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.


Frasers Centrepoint Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


FRZCF
81GF Score
Frasers Centrepoint Trust FRZCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Frasers Centrepoint Trust 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.

Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.73/2.01
=0.86

* 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.

Frasers Centrepoint Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, Frasers Centrepoint Trust's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=1.819/324.8000*324.8000
=1.819

Current CPI (Sep25) = 324.8000.

Frasers Centrepoint Trust Annual Data

Book Value per Share CPI Adj_Book
201609 1.406 241.428 1.892
201709 1.488 246.819 1.958
201809 1.506 252.439 1.938
201909 1.590 256.759 2.011
202009 1.644 260.280 2.052
202109 1.705 274.310 2.019
202209 1.641 296.808 1.796
202309 1.700 307.789 1.794
202409 1.767 315.301 1.820
202509 1.819 324.800 1.819

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 0.86 mean?
Frasers Centrepoint Trust (FRZCF) has a Cyclically Adjusted PB Ratio of 0.86 as of Jul. 15, 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 Centrepoint Trust and its competitors. This is 24% below median its historical median of 1.13. Over the past decade, Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio has ranged from 0.81 to 1.57. According to the industry distribution chart, Frasers Centrepoint Trust ranks #299 out of 559 companies in the REITs industry, placing it in the top 53.5%.
Is Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio too high?
Frasers Centrepoint Trust's current Cyclically Adjusted PB Ratio of 0.86 is 24% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.57. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Frasers Centrepoint Trust's value of 0.86 is 3.6% above this industry median. Based on the distribution chart, Frasers Centrepoint Trust ranks #299 out of 559 companies in the REITs industry, which is below the industry midpoint. Overall, Frasers Centrepoint Trust has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Frasers Centrepoint Trust's Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Frasers Centrepoint Trust ranks #299 out of 559 companies for Cyclically Adjusted PB Ratio. This places Frasers Centrepoint Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Frasers Centrepoint Trust's value of 0.86 is 3.6% above this benchmark. Historically, Frasers Centrepoint Trust's own Cyclically Adjusted PB Ratio has ranged from 0.81 to 1.57 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.83, Frasers Centrepoint Trust 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 0.83, based on 559 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 Centrepoint Trust's current Cyclically Adjusted PB Ratio of 0.86 is 3.6% 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 Centrepoint Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frasers Centrepoint Trust's current Cyclically Adjusted PB Ratio is 0.86, which is 24% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Centrepoint Trust stock overvalued right now?
Frasers Centrepoint Trust (FRZCF) has a current Cyclically Adjusted PB Ratio of 0.86. The stock's GF Value™ is $1.73, compared to a current price of $1.73 — trading right at its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 24% below median its 10-year median of 1.13 and 3.6% above the REITs industry median of 0.83. Frasers Centrepoint Trust's overall GF Score™ is 81/100 with 7 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 Centrepoint Trust (FRZCF), the current Cyclically Adjusted PB Ratio is 0.86 as of Jul. 15, 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 Centrepoint Trust (FRZCF) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Centrepoint Trust stock appears to be undervalued. The current stock price of $1.73 is trading 0% below its estimated GF Value™ of $1.73.

Key valuation signals for FRZCF:

  • Cyclically Adjusted PB Ratio: 0.86 (24% below median its 10-year median of 1.13)
  • GF Value™: $1.73 vs. price of $1.73 (0% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 3.6% above the REITs median (#299 of 559)

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


Frasers Centrepoint Trust Business Description

Industry Real EstateREITs
Other Exchanges J69U:Singapore
Address 438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominantly invests in suburban retail assets in Singapore. Its portfolio consists of nine retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 8.4 billion as at March 31, 2026. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property, which has a 38% direct and indirect interest in FCT.
81GF Score

Get the complete analysis for FRZCF

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

$1.73
Price
$1.73
GF Value