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FIBRA Macquarie (MEX:FIBRAMQ12) Cyclically Adjusted PB Ratio : 0.72 (As of Jun. 25, 2024)


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What is FIBRA Macquarie Cyclically Adjusted PB Ratio?

As of today (2024-06-25), FIBRA Macquarie's current share price is MXN31.25. FIBRA Macquarie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN43.14. FIBRA Macquarie's Cyclically Adjusted PB Ratio for today is 0.72.

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

MEX:FIBRAMQ12' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.72   Max: 0.8
Current: 0.72

During the past years, FIBRA Macquarie's highest Cyclically Adjusted PB Ratio was 0.80. The lowest was 0.60. And the median was 0.72.

MEX:FIBRAMQ12's Cyclically Adjusted PB Ratio is ranked better than
51.62% of 494 companies
in the REITs industry
Industry Median: 0.74 vs MEX:FIBRAMQ12: 0.72

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.

FIBRA Macquarie's adjusted book value per share data for the three months ended in Mar. 2024 was MXN45.349. 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 MXN43.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FIBRA Macquarie Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FIBRA Macquarie'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.

* Premium members only.

FIBRA Macquarie Cyclically Adjusted PB Ratio Chart

FIBRA Macquarie Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.69 0.75

FIBRA Macquarie Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.68 0.71 0.68 0.75 0.75

Competitive Comparison of FIBRA Macquarie's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, FIBRA Macquarie'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.


FIBRA Macquarie's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where FIBRA Macquarie's Cyclically Adjusted PB Ratio falls into.



FIBRA Macquarie 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.

FIBRA Macquarie's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.25/43.14
=0.72

* 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.

FIBRA Macquarie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, FIBRA Macquarie's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=45.349/152.9470*152.9470
=45.349

Current CPI (Mar. 2024) = 152.9470.

FIBRA Macquarie Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.933 96.609 34.723
201409 22.744 97.652 35.623
201412 24.540 99.469 37.734
201503 24.880 99.973 38.064
201506 25.283 99.382 38.910
201509 27.049 100.112 41.325
201512 27.679 101.588 41.672
201603 27.933 102.573 41.651
201606 29.488 101.905 44.258
201609 30.199 103.084 44.807
201612 31.817 105.002 46.345
201703 29.880 108.063 42.291
201706 29.378 108.339 41.474
201709 30.088 109.628 41.977
201712 32.655 112.114 44.548
201803 31.667 113.505 42.671
201806 33.843 113.373 45.656
201809 32.834 115.130 43.619
201812 34.037 117.530 44.294
201903 33.979 118.050 44.024
201906 33.430 117.848 43.387
201909 33.958 118.581 43.799
201912 33.108 120.854 41.900
202003 38.821 121.885 48.714
202006 36.627 121.777 46.002
202009 36.237 123.341 44.935
202012 33.394 124.661 40.971
202103 34.772 127.574 41.688
202106 34.457 128.936 40.874
202109 35.789 130.742 41.867
202112 41.356 133.830 47.264
202203 41.092 137.082 45.848
202206 42.866 139.233 47.088
202209 43.684 142.116 47.013
202212 43.043 144.291 45.625
202303 40.684 146.472 42.483
202306 41.945 146.272 43.859
202309 44.173 148.446 45.512
202312 45.198 151.017 45.776
202403 45.349 152.947 45.349

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.


FIBRA Macquarie  (MEX:FIBRAMQ12) 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.


FIBRA Macquarie Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of FIBRA Macquarie's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


FIBRA Macquarie (MEX:FIBRAMQ12) Business Description

Industry
Traded in Other Exchanges
Address
Calzada Mariano Escobedo 595, Polanco Quinta Sección, Alcaldía Miguel Hidalgo, Mexico City, HGO, MEX, 11560
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. The company's real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of FIBRA Macquarie's total number of properties, total square footage, and total revenue. Most of these industrial locations are used as manufacturing facilities and are located in Northern Mexico. FIBRA Macquarie derives nearly all of its revenue in the form of rental income from tenants. The company's major customers are automotive, electronics, and consumer products, manufacturers, and others.

FIBRA Macquarie (MEX:FIBRAMQ12) Headlines

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