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Fubon No 2 Real Estate Investment Trust (TPE:01004T) Cyclically Adjusted PB Ratio : (As of Jun. 21, 2024)


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What is Fubon No 2 Real Estate Investment Trust Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fubon No 2 Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fubon No 2 Real Estate Investment 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.

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Fubon No 2 Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Fubon No 2 Real Estate Investment Trust Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Fubon No 2 Real Estate Investment Trust Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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Competitive Comparison of Fubon No 2 Real Estate Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Fubon No 2 Real Estate Investment 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.


Fubon No 2 Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fubon No 2 Real Estate Investment Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fubon No 2 Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.



Fubon No 2 Real Estate Investment 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.

Fubon No 2 Real Estate Investment Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec15 is calculated as:

For example, Fubon No 2 Real Estate Investment Trust's adjusted Book Value per Share data for the fiscal year that ended in Dec15 was:

Adj_Book=Book Value per Share/CPI of Dec15 (Change)*Current CPI (Dec15)
=14.969/99.7924*99.7924
=14.969

Current CPI (Dec15) = 99.7924.

Fubon No 2 Real Estate Investment Trust Annual Data

Book Value per Share CPI Adj_Book
200612 0.000 85.142 0.000
200712 10.739 88.616 12.093
200812 11.642 88.697 13.098
200912 11.195 91.111 12.262
201012 12.050 92.474 13.004
201112 12.640 95.213 13.248
201212 14.498 96.871 14.935
201312 14.750 98.326 14.970
201412 14.987 99.070 15.096
201512 14.969 99.792 14.969

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.


Fubon No 2 Real Estate Investment Trust  (TPE:01004T) 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.


Fubon No 2 Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

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Fubon No 2 Real Estate Investment Trust (TPE:01004T) Business Description

Traded in Other Exchanges
N/A
Address
10th Floor No. 258, Section 4, Jen-Ai Road, Taipei, TWN
Fubon No 2 Real Estate Investment Trust leases and operates office and commercial buildings. Its activities include real estate transactions, counseling and development of construction business to improve the pre-sale system. The company also provides financial collateral for real estate assessment and non-performing collateral valuation collateral.

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