SWPFF (Swire Properties) Cyclically Adjusted PB Ratio: 0.41 (As of Jun. 30, 2026) — Near Median


SWPFF Swire Properties Ltd SWPFF
64 GF Score
Price $2.60
GF Value $2.47
Valuation Fairly Valued
! 5 Warning Signs
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What is Swire Properties Cyclically Adjusted PB Ratio?

Swire Properties SWPFF 64 Cyclically Adjusted PB Ratio is 0.41 as of Jun. 30, 2026, which is 5% below its 10-year median of 0.43. GuruFocus rates SWPFF with a GF Score™ of 64/100 and a GF Value™ of $2.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,440 Real Estate companies, Swire Properties ranks better than 67.57% on this metric.

As of today (2026-06-30), Swire Properties's current share price is $2.60. Swire Properties's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $6.41. Swire Properties's Cyclically Adjusted PB Ratio for today is 0.41.

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

SWPFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.43   Max: 0.66
Current: 0.41

During the past 13 years, Swire Properties's highest Cyclically Adjusted PB Ratio was 0.66. The lowest was 0.25. And the median was 0.43.

SWPFF's Cyclically Adjusted PB Ratio is ranked better than
67.57% of 1440 companies
in the Real Estate industry
Industry Median: 0.695 vs SWPFF: 0.41

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.

Swire Properties's adjusted book value per share data of for the fiscal year that ended in Dec25 was $6.015. 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 $6.41 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swire Properties  (OTCPK:SWPFF) 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.


Swire Properties Cyclically Adjusted PB Ratio Related Terms


Swire Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Swire Properties'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.

Swire Properties Cyclically Adjusted PB Ratio Chart

Swire Properties 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 0.43 0.42 0.33 0.32 0.41

Swire Properties Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.33 0.00 0.32 0.00 0.41

SWPFF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Swire Properties'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.


Swire Properties Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


SWPFF
64GF Score
Swire Properties Ltd SWPFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Swire Properties 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.

Swire Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.60/6.41
=0.41

* 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.

Swire Properties's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Swire Properties's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.015/120.7036*120.7036
=6.015

Current CPI (Dec25) = 120.7036.

Swire Properties Annual Data

Book Value per Share CPI Adj_Book
201612 4.965 103.225 5.806
201712 5.631 104.984 6.474
201812 6.105 107.622 6.847
201912 6.284 110.700 6.852
202012 6.356 109.711 6.993
202112 6.392 112.349 6.867
202212 6.350 114.548 6.691
202312 6.240 117.296 6.421
202412 6.104 118.945 6.194
202512 6.015 120.704 6.015

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 0.41 mean?
Swire Properties (SWPFF) has a Cyclically Adjusted PB Ratio of 0.41 as of Jun. 30, 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 Swire Properties and its competitors. This is near median its historical median of 0.43. Over the past decade, Swire Properties' Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.66. According to the industry distribution chart, Swire Properties ranks #467 out of 1440 companies in the Real Estate industry, placing it in the top 32.4%.
Is Swire Properties' Cyclically Adjusted PB Ratio too high?
Swire Properties' current Cyclically Adjusted PB Ratio of 0.41 is near median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.66. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. Swire Properties' value of 0.41 is 41% below this industry median. Based on the distribution chart, Swire Properties ranks #467 out of 1440 companies in the Real Estate industry, which is above the industry midpoint. Overall, Swire Properties has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swire Properties ranks #467 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts Swire Properties in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.70. Swire Properties' value of 0.41 is 41% below this benchmark. Historically, Swire Properties' own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.66 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.70, Swire Properties 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.70, based on 1,440 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. Swire Properties's current Cyclically Adjusted PB Ratio of 0.41 is 41% 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 Swire Properties and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swire Properties's current Cyclically Adjusted PB Ratio is 0.41, which is near median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (SWPFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.47, compared to a current price of $2.60 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.41, which is near median its 10-year median of 0.43 and 41% below the Real Estate industry median of 0.70. Swire Properties' overall GF Score™ is 64/100 with 5 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 Swire Properties (SWPFF), the current Cyclically Adjusted PB Ratio is 0.41 as of Jun. 30, 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 Swire Properties (SWPFF) Overvalued in 2026?

Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued. The current stock price of $2.60 is trading 5.3% above its estimated GF Value™ of $2.47. GuruFocus considers Swire Properties to be Fairly Valued.

Key valuation signals for SWPFF:

  • Cyclically Adjusted PB Ratio: 0.41 (near median its 10-year median of 0.43)
  • GF Value™: $2.47 vs. price of $2.60 (5.3% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 41% below the Real Estate median (#467 of 1440)

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


Swire Properties Business Description

Other Exchanges 01972:Hong KongSW9:Germany
Address 88 Queensway, 31st Floor, One Pacific Place, Hong Kong, HKG
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
64GF Score

Get the complete analysis for SWPFF

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

$2.60
Price
$2.47
GF Value