Malta Properties Company (MAL:MPC) Cyclically Adjusted PB Ratio: 0.67 (As of Jul. 08, 2026) — 31% Above Median


MAL:MPC Malta Properties Company PLC MAL:MPC
57 GF Score
Price €0.40
GF Value €0.35
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Malta Properties Company Cyclically Adjusted PB Ratio?

Malta Properties Company MAL:MPC 57 Cyclically Adjusted PB Ratio is 0.67 as of Jul. 08, 2026, which is 31% above its 10-year median of 0.51. GuruFocus rates MAL:MPC with a GF Score™ of 57/100 and a GF Value™ of €0.35 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,440 Real Estate companies, Malta Properties Company ranks better than 52.64% on this metric.

As of today (2026-07-08), Malta Properties Company's current share price is €0.40. Malta Properties Company's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.60. Malta Properties Company's Cyclically Adjusted PB Ratio for today is 0.67.

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

MAL:MPC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.51   Max: 0.75
Current: 0.67

During the past 11 years, Malta Properties Company's highest Cyclically Adjusted PB Ratio was 0.75. The lowest was 0.43. And the median was 0.51.

MAL:MPC's Cyclically Adjusted PB Ratio is ranked better than
52.64% of 1440 companies
in the Real Estate industry
Industry Median: 0.71 vs MAL:MPC: 0.67

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.

Malta Properties Company's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.568. 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 €0.60 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malta Properties Company  (MAL:MPC) 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.


Malta Properties Company Cyclically Adjusted PB Ratio Related Terms


Malta Properties Company Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Malta Properties Company'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.

Malta Properties Company Cyclically Adjusted PB Ratio Chart

Malta Properties Company 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 0.00 0.51 0.60

Malta Properties Company Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.51 0.00 0.60

MAL:MPC vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Malta Properties Company'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.


Malta Properties Company Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Malta Properties Company's Cyclically Adjusted PB Ratio falls into.


MAL:MPC
57GF Score
Malta Properties Company PLC MAL:MPC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malta Properties Company 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.

Malta Properties Company's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.40/0.60
=0.67

* 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.

Malta Properties Company's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Malta Properties Company's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.568/324.0540*324.0540
=0.568

Current CPI (Dec25) = 324.0540.

Malta Properties Company Annual Data

Book Value per Share CPI Adj_Book
201612 0.356 241.432 0.478
201712 0.405 246.524 0.532
201812 0.509 251.233 0.657
201912 0.526 256.974 0.663
202012 0.546 260.474 0.679
202112 0.560 278.802 0.651
202212 0.549 296.797 0.599
202312 0.557 306.746 0.588
202412 0.568 315.605 0.583
202512 0.568 324.054 0.568

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 0.67 mean?
Malta Properties Company (MAL:MPC) has a Cyclically Adjusted PB Ratio of 0.67 as of Jul. 08, 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 Malta Properties Company and its competitors. This is 31% above median its historical median of 0.51. Over the past decade, Malta Properties Company's Cyclically Adjusted PB Ratio has ranged from 0.43 to 0.75. According to the industry distribution chart, Malta Properties Company ranks #682 out of 1440 companies in the Real Estate industry, placing it in the top 47.4%.
Is Malta Properties Company's Cyclically Adjusted PB Ratio too high?
Malta Properties Company's current Cyclically Adjusted PB Ratio of 0.67 is 31% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.75. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Malta Properties Company's value of 0.67 is 5.6% below this industry median. Based on the distribution chart, Malta Properties Company ranks #682 out of 1440 companies in the Real Estate industry, which is above the industry midpoint. Overall, Malta Properties Company has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malta Properties Company's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Malta Properties Company ranks #682 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts Malta Properties Company in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Malta Properties Company's value of 0.67 is 5.6% below this benchmark. Historically, Malta Properties Company's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 0.75 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.71, Malta Properties Company 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,440 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. Malta Properties Company's current Cyclically Adjusted PB Ratio of 0.67 is 5.6% 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 Malta Properties Company and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malta Properties Company's current Cyclically Adjusted PB Ratio is 0.67, which is 31% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malta Properties Company stock overvalued right now?
Based on GuruFocus' analysis, Malta Properties Company (MAL:MPC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.35, compared to a current price of €0.40 — trading 14.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 31% above median its 10-year median of 0.51 and 5.6% below the Real Estate industry median of 0.71. Malta Properties Company's overall GF Score™ is 57/100 with 5 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 Malta Properties Company (MAL:MPC), the current Cyclically Adjusted PB Ratio is 0.67 as of Jul. 08, 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 Malta Properties Company (MAL:MPC) Overvalued in 2026?

Based on GuruFocus' analysis, Malta Properties Company stock appears to be overvalued. The current stock price of €0.40 is trading 14.3% above its estimated GF Value™ of €0.35. GuruFocus considers Malta Properties Company to be Modestly Overvalued.

Key valuation signals for MAL:MPC:

  • Cyclically Adjusted PB Ratio: 0.67 (31% above median its 10-year median of 0.51)
  • GF Value™: €0.35 vs. price of €0.40 (14.3% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 5.6% below the Real Estate median (#682 of 1440)

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


Malta Properties Company Business Description

Address Triq Emvin Cremona Street, The Bastions, Floriana, MLT, FRN1281
Malta Properties Company PLC is a developer and owner of commercial properties in Malta. The company, through its subsidiaries, owns, manages, acquires, develops, redevelops, and leases commercial properties. It owns a portfolio of office buildings and industrial properties across different regions of Malta, which are leased out to blue-chip tenants with secure long-duration leases. The Group's activities are focused on long-term, income-generating real estate, predominantly leased to corporate tenants on medium to long-term contracts.
57GF Score

Get the complete analysis for MAL:MPC

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

€0.40
Price
€0.35
GF Value