NTPIF (Nam Tai Property) Cyclically Adjusted PB Ratio: 0.69 (As of Aug. 01, 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NTPIF Nam Tai Property Inc NTPIF
52 GF Score
Price $4.30
GF Value $3.13
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nam Tai Property Cyclically Adjusted PB Ratio?

Nam Tai Property NTPIF 52 Cyclically Adjusted PB Ratio is 0.69 as of Aug. 01, 2026, which is 23% below its 10-year median of 0.90. GuruFocus rates NTPIF with a GF Score™ of 52/100 and a GF Value™ of $3.13 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,416 Real Estate companies, Nam Tai Property ranks worse than 53.39% on this metric.

As of today (2026-08-01), Nam Tai Property's current share price is $4.30. Nam Tai Property's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.23. Nam Tai Property's Cyclically Adjusted PB Ratio for today is 0.69.

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

NTPIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.9   Max: 4.79
Current: 0.75

During the past years, Nam Tai Property's highest Cyclically Adjusted PB Ratio was 4.79. The lowest was 0.17. And the median was 0.90.

NTPIF's Cyclically Adjusted PB Ratio is ranked worse than
53.39% of 1416 companies
in the Real Estate industry
Industry Median: 0.69 vs NTPIF: 0.75

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.

Nam Tai Property's adjusted book value per share data for the three months ended in Mar. 2026 was $2.941. 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 $6.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nam Tai Property  (OTCPK:NTPIF) 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.


Nam Tai Property Cyclically Adjusted PB Ratio Related Terms


Nam Tai Property Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nam Tai Property'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.

Nam Tai Property Cyclically Adjusted PB Ratio Chart

Nam Tai Property 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 1.34 0.18 0.65 0.68 0.67

Nam Tai Property Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 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 0.84 0.63 0.66 0.67 0.83

NTPIF vs ARL, SEG, MLP: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Nam Tai Property'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.


Nam Tai Property Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nam Tai Property's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nam Tai Property's Cyclically Adjusted PB Ratio falls into.


NTPIF
52GF Score
Nam Tai Property Inc NTPIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nam Tai Property 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.

Nam Tai Property's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.30/6.23
=0.69

* 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.

Nam Tai Property's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nam Tai Property'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)
=2.941/116.3033*116.3033
=2.941

Current CPI (Mar. 2026) = 116.3033.

Nam Tai Property Quarterly Data

Book Value per Share CPI Adj_Book
201412 7.437 99.000 8.737
201503 7.437 99.900 8.658
201506 7.277 99.500 8.506
201509 7.531 100.500 8.715
201512 7.236 100.600 8.366
201603 7.227 102.200 8.224
201606 7.068 101.400 8.107
201609 7.001 102.400 7.952
201612 6.485 102.600 7.351
201703 6.571 103.200 7.405
201706 6.702 103.100 7.560
201709 6.703 104.100 7.489
201712 6.507 104.500 7.242
201803 6.811 105.300 7.523
201806 6.425 104.900 7.123
201809 6.038 106.600 6.588
201812 5.968 106.500 6.517
201903 6.018 107.700 6.499
201906 5.841 107.700 6.308
201909 5.567 109.800 5.897
201912 5.559 111.200 5.814
202003 5.435 112.300 5.629
202006 5.353 110.400 5.639
202009 5.402 111.700 5.625
202012 6.348 111.500 6.621
202103 6.932 112.662 7.156
202106 7.059 111.769 7.345
202109 6.917 112.215 7.169
202112 5.164 113.108 5.310
202212 3.105 115.116 3.137
202312 2.382 114.781 2.414
202403 0.000 115.227 0.000
202406 0.000 114.781 0.000
202409 0.000 115.785 0.000
202412 2.863 114.893 2.898
202503 2.794 115.116 2.823
202506 3.075 114.907 3.112
202509 3.064 115.471 3.086
202512 3.001 115.832 3.013
202603 2.941 116.303 2.941

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 0.69 mean?
Nam Tai Property (NTPIF) has a Cyclically Adjusted PB Ratio of 0.69 as of Aug. 01, 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 Nam Tai Property and its competitors. This is 23% below median its historical median of 0.90. Over the past decade, Nam Tai Property's Cyclically Adjusted PB Ratio has ranged from 0.17 to 4.79. According to the industry distribution chart, Nam Tai Property ranks #756 out of 1416 companies in the Real Estate industry, placing it in the top 53.4%.
Is Nam Tai Property's Cyclically Adjusted PB Ratio too high?
Nam Tai Property's current Cyclically Adjusted PB Ratio of 0.69 is 23% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 4.79. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Nam Tai Property's value of 0.69 is 0% at this industry median. Based on the distribution chart, Nam Tai Property ranks #756 out of 1416 companies in the Real Estate industry, which is below the industry midpoint. Overall, Nam Tai Property has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nam Tai Property's Cyclically Adjusted PB Ratio compare to ARL and SEG?
According to the Real Estate industry distribution chart, Nam Tai Property ranks #756 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Nam Tai Property in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Nam Tai Property's value of 0.69 is 0% at this benchmark. Historically, Nam Tai Property's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 4.79 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.69, Nam Tai Property has consistently been at 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 0.69, based on 1,416 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. Nam Tai Property's current Cyclically Adjusted PB Ratio of 0.69 is 0% at 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 Nam Tai Property and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nam Tai Property's current Cyclically Adjusted PB Ratio is 0.69, which is 23% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nam Tai Property stock overvalued right now?
Based on GuruFocus' analysis, Nam Tai Property (NTPIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.13, compared to a current price of $4.30 — trading 37.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 23% below median its 10-year median of 0.90 and 0% at the Real Estate industry median of 0.69. Nam Tai Property's overall GF Score™ is 52/100 with 6 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 Nam Tai Property (NTPIF), the current Cyclically Adjusted PB Ratio is 0.69 as of Aug. 01, 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 Nam Tai Property (NTPIF) Overvalued in 2026?

Based on GuruFocus' analysis, Nam Tai Property stock appears to be overvalued. The current stock price of $4.30 is trading 37.4% above its estimated GF Value™ of $3.13. GuruFocus considers Nam Tai Property to be Significantly Overvalued.

Key valuation signals for NTPIF:

  • Cyclically Adjusted PB Ratio: 0.69 (23% below median its 10-year median of 0.90)
  • GF Value™: $3.13 vs. price of $4.30 (37.4% above fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 0% at the Real Estate median (#756 of 1416)

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


Nam Tai Property Business Description

Address No. 2, Namtai Road, Gushu Community, Nam Tai Estate, Baoan, Xixiang Township, Shenzhen, CHN
Nam Tai Property Inc is engaged in the business of property development and management. The company is focused on the redevelopment of parcels of land into commercial complexes. The firm is looking for the business opportunity of rental income from commercial complexes in future with operations in Mainland China.
52GF Score

Get the complete analysis for NTPIF

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

$4.30
Price
$3.13
GF Value