MAPGF (Mapletree Logistics Trust) Cyclically Adjusted PB Ratio: 0.78 (As of Jul. 19, 2026) — 31% Below Median

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MAPGF Mapletree Logistics Trust MAPGF
50 GF Score
Price $0.98
GF Value $0.97
Valuation Fairly Valued
! 9 Warning Signs
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What is Mapletree Logistics Trust Cyclically Adjusted PB Ratio?

Mapletree Logistics Trust MAPGF 50 Cyclically Adjusted PB Ratio is 0.78 as of Jul. 19, 2026, which is 31% below its 10-year median of 1.13. GuruFocus rates MAPGF with a GF Score™ of 50/100 and a GF Value™ of $0.97 (Fairly Valued). The stock has 9 warning signs investors should review. Among 558 REITs companies, Mapletree Logistics Trust ranks better than 56.09% on this metric.

As of today (2026-07-19), Mapletree Logistics Trust's current share price is $0.98. Mapletree Logistics Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.25. Mapletree Logistics Trust's Cyclically Adjusted PB Ratio for today is 0.78.

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

MAPGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.13   Max: 1.77
Current: 0.74

During the past years, Mapletree Logistics Trust's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.67. And the median was 1.13.

MAPGF's Cyclically Adjusted PB Ratio is ranked better than
56.09% of 558 companies
in the REITs industry
Industry Median: 0.83 vs MAPGF: 0.74

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.

Mapletree Logistics Trust's adjusted book value per share data for the three months ended in Mar. 2026 was $1.079. 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 $1.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Logistics Trust  (OTCPK:MAPGF) 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.


Mapletree Logistics Trust Cyclically Adjusted PB Ratio Related Terms


Mapletree Logistics Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mapletree Logistics 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.

Mapletree Logistics Trust Cyclically Adjusted PB Ratio Chart

Mapletree Logistics Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.13 0.93 0.82 0.70

Mapletree Logistics Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.82 0.73 0.77 0.82 0.70

MAPGF vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Mapletree Logistics 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.


Mapletree Logistics Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


MAPGF
50GF Score
Mapletree Logistics Trust MAPGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mapletree Logistics 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.

Mapletree Logistics Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.98/1.25
=0.78

* 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.

Mapletree Logistics Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mapletree Logistics Trust's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.079/330.2130*330.2130
=1.079

Current CPI (Mar. 2026) = 330.2130.

Mapletree Logistics Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.909 241.018 1.245
201609 0.907 241.428 1.241
201612 0.878 241.432 1.201
201703 0.899 243.801 1.218
201706 0.901 244.955 1.215
201709 0.877 246.819 1.173
201712 0.880 246.524 1.179
201803 0.945 249.554 1.250
201806 0.928 251.989 1.216
201809 0.911 252.439 1.192
201812 0.907 251.233 1.192
201903 0.949 254.202 1.233
201906 0.942 256.143 1.214
201909 0.930 256.759 1.196
201912 0.948 256.974 1.218
202003 0.929 258.115 1.188
202006 0.944 257.797 1.209
202009 0.960 260.280 1.218
202012 1.038 260.474 1.316
202103 1.062 264.877 1.324
202106 1.061 271.696 1.290
202109 1.053 274.310 1.268
202112 1.094 278.802 1.296
202203 1.178 287.504 1.353
202206 1.151 296.311 1.283
202209 1.116 296.808 1.242
202212 1.135 296.797 1.263
202303 1.163 301.836 1.272
202306 1.142 305.109 1.236
202309 1.125 307.789 1.207
202312 1.135 306.746 1.222
202403 1.115 312.332 1.179
202406 1.102 314.175 1.158
202409 1.117 315.301 1.170
202412 1.081 315.605 1.131
202503 1.067 319.799 1.102
202506 1.074 322.561 1.099
202509 1.074 324.800 1.092
202512 1.070 324.054 1.090
202603 1.079 330.213 1.079

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 0.78 mean?
Mapletree Logistics Trust (MAPGF) has a Cyclically Adjusted PB Ratio of 0.78 as of Jul. 19, 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 Mapletree Logistics Trust and its competitors. This is 31% below median its historical median of 1.13. Over the past decade, Mapletree Logistics Trust's Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.77. According to the industry distribution chart, Mapletree Logistics Trust ranks #245 out of 558 companies in the REITs industry, placing it in the top 43.9%.
Is Mapletree Logistics Trust's Cyclically Adjusted PB Ratio too high?
Mapletree Logistics Trust's current Cyclically Adjusted PB Ratio of 0.78 is 31% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.77. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Mapletree Logistics Trust's value of 0.78 is 6% below this industry median. Based on the distribution chart, Mapletree Logistics Trust ranks #245 out of 558 companies in the REITs industry, which is above the industry midpoint. Overall, Mapletree Logistics Trust has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Logistics Trust's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Logistics Trust ranks #245 out of 558 companies for Cyclically Adjusted PB Ratio. This puts Mapletree Logistics Trust in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Mapletree Logistics Trust's value of 0.78 is 6% below this benchmark. Historically, Mapletree Logistics Trust's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.77 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.83, Mapletree Logistics Trust 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 0.83, based on 558 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. Mapletree Logistics Trust's current Cyclically Adjusted PB Ratio of 0.78 is 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 Mapletree Logistics 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. Mapletree Logistics Trust's current Cyclically Adjusted PB Ratio is 0.78, which is 31% 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 Mapletree Logistics Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Logistics Trust (MAPGF) is currently considered Fairly Valued. The stock's GF Value™ is $0.97, compared to a current price of $0.98 — trading 1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 31% below median its 10-year median of 1.13 and 6% below the REITs industry median of 0.83. Mapletree Logistics Trust's overall GF Score™ is 50/100 with 9 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 Mapletree Logistics Trust (MAPGF), the current Cyclically Adjusted PB Ratio is 0.78 as of Jul. 19, 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 Mapletree Logistics Trust (MAPGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Logistics Trust stock appears to be overvalued. The current stock price of $0.98 is trading 1% above its estimated GF Value™ of $0.97. GuruFocus considers Mapletree Logistics Trust to be Fairly Valued.

Key valuation signals for MAPGF:

  • Cyclically Adjusted PB Ratio: 0.78 (31% below median its 10-year median of 1.13)
  • GF Value™: $0.97 vs. price of $0.98 (1% above fair value)
  • GF Score™: 50/100 with 9 warning signs
  • Industry Position: 6% below the REITs median (#245 of 558)

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


Mapletree Logistics Trust Business Description

Industry Real EstateREITs
Other Exchanges M44U:SingaporeN0H:Germany
Address 10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2026, the trust had a SGD 13.1 billion portfolio of 175 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management, a subsidiary of Mapletree Investments, which owns around a 26% stake in the trust.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.98
Price
$0.97
GF Value