MPCMF (Mapletree Pan Asia Commercial Trust) Cyclically Adjusted PB Ratio: 0.64 (As of Jul. 06, 2026) — 17% Below Median


MPCMF Mapletree Pan Asia Commercial Trust MPCMF
75 GF Score
Price $1.00
GF Value $1.01
Valuation Fairly Valued
! 7 Warning Signs
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What is Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio?

Mapletree Pan Asia Commercial Trust MPCMF 75 Cyclically Adjusted PB Ratio is 0.64 as of Jul. 06, 2026, which is 17% below its 10-year median of 0.77. GuruFocus rates MPCMF with a GF Score™ of 75/100 and a GF Value™ of $1.01 (Fairly Valued). The stock has 7 warning signs investors should review. Among 561 REITs companies, Mapletree Pan Asia Commercial Trust ranks better than 60.07% on this metric.

As of today (2026-07-06), Mapletree Pan Asia Commercial Trust's current share price is $0.9984. Mapletree Pan Asia Commercial Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.56. Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio for today is 0.64.

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

MPCMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.77   Max: 1.24
Current: 0.67

During the past years, Mapletree Pan Asia Commercial Trust's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.62. And the median was 0.77.

MPCMF's Cyclically Adjusted PB Ratio is ranked better than
60.07% of 561 companies
in the REITs industry
Industry Median: 0.82 vs MPCMF: 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.

Mapletree Pan Asia Commercial Trust's adjusted book value per share data for the three months ended in Mar. 2026 was $1.388. 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 $1.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Pan Asia Commercial Trust  (OTCPK:MPCMF) 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 Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Related Terms


Mapletree Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mapletree Pan Asia Commercial 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 Pan Asia Commercial Trust Cyclically Adjusted PB Ratio Chart

Mapletree Pan Asia Commercial 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 1.22 1.08 0.72 0.68 0.68

Mapletree Pan Asia Commercial Trust Quarterly Data
Mar21 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 0.68 0.67 0.76 0.78 0.68

MPCMF vs BXP, ARE, VNO: Cyclically Adjusted PB Ratio Comparison

For the REIT - Office subindustry, Mapletree Pan Asia Commercial 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 Pan Asia Commercial Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


MPCMF
75GF Score
Mapletree Pan Asia Commercial Trust MPCMF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mapletree Pan Asia Commercial 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 Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.9984/1.56
=0.64

* 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 Pan Asia Commercial Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mapletree Pan Asia Commercial 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)
=1.388/330.2130*330.2130
=1.388

Current CPI (Mar. 2026) = 330.2130.

Mapletree Pan Asia Commercial Trust Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.858 237.945 1.191
201512 0.862 236.525 1.203
201603 0.928 238.132 1.287
201606 0.938 241.018 1.285
201609 0.969 241.428 1.325
201612 0.927 241.432 1.268
201703 0.977 243.801 1.323
201706 0.990 244.955 1.335
201709 1.015 246.819 1.358
201712 1.017 246.524 1.362
201803 1.127 249.554 1.491
201806 1.099 251.989 1.440
201809 1.079 252.439 1.411
201812 1.078 251.233 1.417
201903 1.175 254.202 1.526
201906 1.166 256.143 1.503
201909 1.227 256.759 1.578
201912 1.297 256.974 1.667
202003 1.235 258.115 1.580
202009 1.251 260.280 1.587
202103 1.283 264.877 1.599
202109 1.279 274.310 1.540
202112 0.000 278.802 0.000
202203 1.283 287.504 1.474
202206 0.000 296.311 0.000
202209 1.315 296.808 1.463
202212 1.354 296.797 1.506
202303 1.348 301.836 1.475
202306 1.335 305.109 1.445
202309 1.316 307.789 1.412
202312 1.334 306.746 1.436
202403 1.343 312.332 1.420
202406 1.334 314.175 1.402
202409 1.355 315.301 1.419
202412 1.317 315.605 1.378
202503 1.366 319.799 1.410
202506 1.395 322.561 1.428
202509 1.396 324.800 1.419
202512 1.394 324.054 1.420
202603 1.388 330.213 1.388

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 0.64 mean?
Mapletree Pan Asia Commercial Trust (MPCMF) has a Cyclically Adjusted PB Ratio of 0.64 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 Mapletree Pan Asia Commercial Trust and its competitors. This is 17% below median its historical median of 0.77. Over the past decade, Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.24. According to the industry distribution chart, Mapletree Pan Asia Commercial Trust ranks #224 out of 561 companies in the REITs industry, placing it in the top 39.9%.
Is Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio too high?
Mapletree Pan Asia Commercial Trust's current Cyclically Adjusted PB Ratio of 0.64 is 17% below median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.24. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Mapletree Pan Asia Commercial Trust's value of 0.64 is 22% below this industry median. Based on the distribution chart, Mapletree Pan Asia Commercial Trust ranks #224 out of 561 companies in the REITs industry, which is above the industry midpoint. Overall, Mapletree Pan Asia Commercial Trust has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Pan Asia Commercial Trust's Cyclically Adjusted PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Mapletree Pan Asia Commercial Trust ranks #224 out of 561 companies for Cyclically Adjusted PB Ratio. This puts Mapletree Pan Asia Commercial Trust in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Mapletree Pan Asia Commercial Trust's value of 0.64 is 22% below this benchmark. Historically, Mapletree Pan Asia Commercial Trust's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.24 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.82, Mapletree Pan Asia Commercial 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 0.82, 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. Mapletree Pan Asia Commercial Trust's current Cyclically Adjusted PB Ratio of 0.64 is 22% 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 Pan Asia Commercial Trust 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. Mapletree Pan Asia Commercial Trust's current Cyclically Adjusted PB Ratio is 0.64, which is 17% below median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Pan Asia Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Pan Asia Commercial Trust (MPCMF) is currently considered Fairly Valued. The stock's GF Value™ is $1.01, compared to a current price of $1.00 — trading 1.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 17% below median its 10-year median of 0.77 and 22% below the REITs industry median of 0.82. Mapletree Pan Asia Commercial Trust's overall GF Score™ is 75/100 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 Mapletree Pan Asia Commercial Trust (MPCMF), the current Cyclically Adjusted PB Ratio is 0.64 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 Mapletree Pan Asia Commercial Trust (MPCMF) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Pan Asia Commercial Trust stock appears to be undervalued. The current stock price of $1.00 is trading 1.1% below its estimated GF Value™ of $1.01. GuruFocus considers Mapletree Pan Asia Commercial Trust to be Fairly Valued.

Key valuation signals for MPCMF:

  • Cyclically Adjusted PB Ratio: 0.64 (17% below median its 10-year median of 0.77)
  • GF Value™: $1.01 vs. price of $1.00 (1.1% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 22% below the REITs median (#224 of 561)

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


Mapletree Pan Asia Commercial Trust Business Description

Industry Real EstateREITs
Other Exchanges N2IU:SingaporeBI0:Germany
Address 10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 15 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 57% stake in the trust.
75GF Score

Get the complete analysis for MPCMF

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

$1.00
Price
$1.01
GF Value