FIBRA Macquarie (MEX:FIBRAMQ12) Cyclically Adjusted PB Ratio: 0.90 (As of Jul. 06, 2026) — 27% Above Median


MEX:FIBRAMQ12 FIBRA Macquarie MEX:FIBRAMQ12
68 GF Score
Price MXN44.89
GF Value MXN36.57
Valuation Modestly Overvalued
! 10 Warning Signs
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What is FIBRA Macquarie Cyclically Adjusted PB Ratio?

FIBRA Macquarie MEX:FIBRAMQ12 +0.20% 68 Cyclically Adjusted PB Ratio is 0.90 as of Jul. 06, 2026, which is 27% above its 10-year median of 0.71. GuruFocus rates MEX:FIBRAMQ12 with a GF Score™ of 68/100 and a GF Value™ of MXN36.57 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 561 REITs companies, FIBRA Macquarie ranks worse than 55.79% on this metric.

As of today (2026-07-06), FIBRA Macquarie's current share price is MXN44.89. FIBRA Macquarie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN49.66. FIBRA Macquarie's Cyclically Adjusted PB Ratio for today is 0.90.

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: 0.71   Max: 0.92
Current: 0.9

During the past years, FIBRA Macquarie's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.60. And the median was 0.71.

MEX:FIBRAMQ12's Cyclically Adjusted PB Ratio is ranked worse than
55.79% of 561 companies
in the REITs industry
Industry Median: 0.82 vs MEX:FIBRAMQ12: 0.90

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. 2026 was MXN52.688. 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 MXN49.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


FIBRA Macquarie Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

FIBRA Macquarie Cyclically Adjusted PB Ratio Chart

FIBRA Macquarie 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 0.69 0.75 0.66 0.70

FIBRA Macquarie 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 0.65 0.63 0.66 0.70 0.83

MEX:FIBRAMQ12 vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


MEX:FIBRAMQ12
68GF Score
FIBRA Macquarie MEX:FIBRAMQ12
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=44.89/49.66
=0.90

* 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. 2026 is calculated as:

For example, FIBRA Macquarie'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)
=52.688/166.0400*166.0400
=52.688

Current CPI (Mar. 2026) = 166.0400.

FIBRA Macquarie Quarterly Data

Book Value per Share CPI Adj_Book
201606 29.488 101.905 48.047
201609 30.199 103.084 48.642
201612 31.817 105.002 50.312
201703 29.880 108.063 45.911
201706 29.378 108.339 45.025
201709 30.088 109.628 45.571
201712 32.655 112.114 48.362
201803 31.667 113.505 46.324
201806 33.843 113.373 49.565
201809 32.834 115.130 47.353
201812 34.037 117.530 48.086
201903 33.979 118.050 47.792
201906 33.430 117.848 47.101
201909 33.958 118.581 47.549
201912 33.108 120.854 45.487
202003 38.821 121.885 52.884
202006 36.627 121.777 49.940
202009 36.237 123.341 48.782
202012 33.394 124.661 44.479
202103 34.772 127.574 45.257
202106 34.457 128.936 44.373
202109 35.789 130.742 45.452
202112 41.356 133.830 51.310
202203 41.092 137.082 49.772
202206 42.866 139.233 51.119
202209 43.684 142.116 51.038
202212 43.043 144.291 49.531
202303 40.684 146.472 46.119
202306 41.945 146.272 47.614
202309 44.173 148.446 49.408
202312 45.198 151.017 49.694
202403 45.349 152.947 49.231
202406 50.834 153.551 54.969
202409 54.510 155.246 58.300
202412 57.429 157.378 60.590
202503 57.076 158.761 59.693
202506 54.129 160.180 56.109
202509 52.562 161.030 54.197
202512 51.933 163.190 52.840
202603 52.688 166.040 52.688

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 0.90 mean?
FIBRA Macquarie (MEX:FIBRAMQ12) has a Cyclically Adjusted PB Ratio of 0.90 as of Jul. 06, 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 FIBRA Macquarie and its competitors. This is 27% above median its historical median of 0.71. Over the past decade, FIBRA Macquarie's Cyclically Adjusted PB Ratio has ranged from 0.60 to 0.92. According to the industry distribution chart, FIBRA Macquarie ranks #313 out of 561 companies in the REITs industry, placing it in the top 55.8%.
Is FIBRA Macquarie's Cyclically Adjusted PB Ratio too high?
FIBRA Macquarie's current Cyclically Adjusted PB Ratio of 0.90 is 27% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 0.92. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. FIBRA Macquarie's value of 0.90 is 9.8% above this industry median. Based on the distribution chart, FIBRA Macquarie ranks #313 out of 561 companies in the REITs industry, which is below the industry midpoint. Overall, FIBRA Macquarie has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FIBRA Macquarie's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, FIBRA Macquarie ranks #313 out of 561 companies for Cyclically Adjusted PB Ratio. This places FIBRA Macquarie in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. FIBRA Macquarie's value of 0.90 is 9.8% above this benchmark. Historically, FIBRA Macquarie's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 0.92 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.82, FIBRA Macquarie 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 0.82, based on 561 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. FIBRA Macquarie's current Cyclically Adjusted PB Ratio of 0.90 is 9.8% 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 FIBRA Macquarie and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIBRA Macquarie's current Cyclically Adjusted PB Ratio is 0.90, which is 27% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIBRA Macquarie stock overvalued right now?
Based on GuruFocus' analysis, FIBRA Macquarie (MEX:FIBRAMQ12) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN36.57, compared to a current price of MXN44.89 — trading 22.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 27% above median its 10-year median of 0.71 and 9.8% above the REITs industry median of 0.82. FIBRA Macquarie's overall GF Score™ is 68/100 with 10 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 FIBRA Macquarie (MEX:FIBRAMQ12), the current Cyclically Adjusted PB Ratio is 0.90 as of Jul. 06, 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 FIBRA Macquarie (MEX:FIBRAMQ12) Overvalued in 2026?

Based on GuruFocus' analysis, FIBRA Macquarie stock appears to be overvalued. The current stock price of MXN44.89 is trading 22.8% above its estimated GF Value™ of MXN36.57. GuruFocus considers FIBRA Macquarie to be Modestly Overvalued.

Key valuation signals for MEX:FIBRAMQ12:

  • Cyclically Adjusted PB Ratio: 0.90 (27% above median its 10-year median of 0.71)
  • GF Value™: MXN36.57 vs. price of MXN44.89 (22.8% above fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 9.8% above the REITs median (#313 of 561)

No single metric tells the full story. See the MEX:FIBRAMQ12 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FIBRA Macquarie Business Description

Industry Real EstateREITs
Other Exchanges DBMBF:USA
Address Pedregal 24 Piso 21, Torre Virreyes, Molino del Rey, Ciudad de Mexico, Mexico City, HGO, MEX, 11040
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. Its real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of its total number of properties, total square footage, and total revenue. The company has two operating segments industrial and Retail. The industrial segments are distinguished by high-quality tenants, including many Mexican and multinational companies or their affiliates and retail portfolio provides investors exposure to a diversified tenant base, including supermarket operators, prominent retail anchor tenants and sub-anchor tenants, food and beverage outlets, specialty retailers and the government sector.
68GF Score

Get the complete analysis for MEX:FIBRAMQ12

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

MXN44.89
Price
MXN36.57
GF Value