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CapitaLand Malaysia Trust (XKLS:5180) Cyclically Adjusted PB Ratio : 0.46 (As of Jun. 23, 2024)


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What is CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-23), CapitaLand Malaysia Trust's current share price is RM0.68. CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.47. CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio for today is 0.46.

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

XKLS:5180' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.41   Max: 0.6
Current: 0.46

During the past years, CapitaLand Malaysia Trust's highest Cyclically Adjusted PB Ratio was 0.60. The lowest was 0.34. And the median was 0.41.

XKLS:5180's Cyclically Adjusted PB Ratio is ranked better than
72.47% of 494 companies
in the REITs industry
Industry Median: 0.735 vs XKLS:5180: 0.46

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.

CapitaLand Malaysia Trust's adjusted book value per share data for the three months ended in Mar. 2024 was RM0.978. 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 RM1.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CapitaLand Malaysia 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.

* Premium members only.

CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Chart

CapitaLand Malaysia Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.46 0.40 0.36 0.38

CapitaLand Malaysia Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.35 0.34 0.37 0.38 0.43

Competitive Comparison of CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, CapitaLand Malaysia 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.


CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio falls into.



CapitaLand Malaysia 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.

CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.68/1.47
=0.46

* 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.

CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CapitaLand Malaysia Trust's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.978/131.7762*131.7762
=0.978

Current CPI (Mar. 2024) = 131.7762.

CapitaLand Malaysia Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.278 100.560 1.675
201409 1.253 100.428 1.644
201412 1.286 99.070 1.711
201503 1.264 99.621 1.672
201506 1.313 100.684 1.718
201509 1.298 100.392 1.704
201512 1.321 99.792 1.744
201603 1.301 100.470 1.706
201606 1.322 101.688 1.713
201609 1.303 101.861 1.686
201612 1.322 101.863 1.710
201703 1.300 102.862 1.665
201706 1.314 103.349 1.675
201709 1.292 104.136 1.635
201712 1.319 104.011 1.671
201803 1.297 105.290 1.623
201806 1.312 106.317 1.626
201809 1.288 106.507 1.594
201812 1.304 105.998 1.621
201903 1.282 107.251 1.575
201906 1.277 108.070 1.557
201909 1.257 108.329 1.529
201912 1.268 108.420 1.541
202003 1.247 108.902 1.509
202006 1.247 108.767 1.511
202009 1.260 109.815 1.512
202012 1.184 109.897 1.420
202103 1.155 111.754 1.362
202106 1.160 114.631 1.333
202109 1.147 115.734 1.306
202112 1.122 117.630 1.257
202203 1.116 121.301 1.212
202206 1.126 125.017 1.187
202209 1.103 125.227 1.161
202212 1.096 125.222 1.153
202303 0.971 127.348 1.005
202306 0.977 128.729 1.000
202309 0.969 129.860 0.983
202312 1.002 129.419 1.020
202403 0.978 131.776 0.978

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.


CapitaLand Malaysia Trust  (XKLS:5180) 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.


CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CapitaLand Malaysia Trust (XKLS:5180) Business Description

Traded in Other Exchanges
N/A
Address
No.10, Persiaran KLCC, Unit No.1-27, Level 27, Naza Tower, Kuala Lumpur, MYS, 50088
CapitaLand Malaysia Trust is a property investment trust that focuses on retail properties in Malaysia. its portfolio of quality assets comprises five retail properties, an office and a logistics park. Its retail and office properties are strategically located across three key urban centers: Gurney Plaza in Penang; four in Klang Valley a majority interest in Sungei Wang Plaza in Kuala Lumpur; 3 Damansara and 3 Damansara Office Tower in Petaling Jaya; and The Mines in Seri Kembangan; and East Coast Mall in Kuantan, Pahang. The company operates in two reportable segments Retail and Others.

CapitaLand Malaysia Trust (XKLS:5180) Headlines

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