Millionaire Property Fund (BKK:MIPF) Cyclically Adjusted Revenue per Share: ฿1.74 (As of Mar. 2026)

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BKK:MIPF Millionaire Property Fund BKK:MIPF
77 GF Score
Price ฿9.30
GF Value ฿10.93
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Millionaire Property Fund Cyclically Adjusted Revenue per Share?

Millionaire Property Fund BKK:MIPF 77 Cyclically Adjusted Revenue per Share is ฿1.74 as of Mar. 2026. GuruFocus rates BKK:MIPF with a GF Score™ of 77/100 and a GF Value™ of ฿10.93 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Millionaire Property Fund's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.303. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿1.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Millionaire Property Fund's average Cyclically Adjusted Revenue Growth Rate was -3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Millionaire Property Fund was 1.30% per year. The lowest was -2.70% per year. And the median was 0.60% per year.

As of today (2026-07-15), Millionaire Property Fund's current stock price is ฿9.30. Millionaire Property Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿1.74. Millionaire Property Fund's Cyclically Adjusted PS Ratio of today is 5.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Millionaire Property Fund was 12.22. The lowest was 4.78. And the median was 7.71.


Millionaire Property Fund  (BKK:MIPF) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Millionaire Property Fund's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.30/1.74
=5.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Millionaire Property Fund was 12.22. The lowest was 4.78. And the median was 7.71.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Millionaire Property Fund Cyclically Adjusted Revenue per Share Related Terms


Millionaire Property Fund Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Millionaire Property Fund's Cyclically Adjusted Revenue per Share 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.

Millionaire Property Fund Cyclically Adjusted Revenue per Share Chart

Millionaire Property Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 1.88 1.86 1.81 1.73

Millionaire Property Fund Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 1.80 1.78 1.76 1.73 1.74

BKK:MIPF vs BXP, ARE, VNO: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Office subindustry, Millionaire Property Fund's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Millionaire Property Fund Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Millionaire Property Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Millionaire Property Fund's Cyclically Adjusted PS Ratio falls into.


BKK:MIPF
77GF Score
Millionaire Property Fund BKK:MIPF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millionaire Property Fund Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Millionaire Property Fund's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.303/330.2130*330.2130
=0.303

Current CPI (Mar. 2026) = 330.2130.

Millionaire Property Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.528 241.018 0.723
201609 0.420 241.428 0.574
201612 0.418 241.432 0.572
201703 0.405 243.801 0.549
201706 0.545 244.955 0.735
201709 0.404 246.819 0.541
201712 0.403 246.524 0.540
201803 0.399 249.554 0.528
201806 0.532 251.989 0.697
201809 0.390 252.439 0.510
201812 0.377 251.233 0.496
201903 0.371 254.202 0.482
201906 0.494 256.143 0.637
201909 0.378 256.759 0.486
201912 0.365 256.974 0.469
202003 0.363 258.115 0.464
202006 0.338 257.797 0.433
202009 0.375 260.280 0.476
202012 0.359 260.474 0.455
202103 0.335 264.877 0.418
202106 0.288 271.696 0.350
202109 0.272 274.310 0.327
202112 0.295 278.802 0.349
202203 0.276 287.504 0.317
202206 0.321 296.311 0.358
202209 0.310 296.808 0.345
202212 0.303 296.797 0.337
202303 0.300 301.836 0.328
202306 0.312 305.109 0.338
202309 0.310 307.789 0.333
202312 0.302 306.746 0.325
202403 0.301 312.332 0.318
202406 0.314 314.175 0.330
202409 0.306 315.301 0.320
202412 0.306 315.605 0.320
202503 0.303 319.799 0.313
202506 0.316 322.561 0.323
202509 0.310 324.800 0.315
202512 0.310 324.054 0.316
202603 0.303 330.213 0.303

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ฿1.74 mean?
Millionaire Property Fund (BKK:MIPF) has a Cyclically Adjusted Revenue per Share of ฿1.74 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Millionaire Property Fund and its competitors.
Is Millionaire Property Fund's Cyclically Adjusted Revenue per Share too high?
Millionaire Property Fund's current Cyclically Adjusted Revenue per Share is ฿1.74. Overall, Millionaire Property Fund has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Millionaire Property Fund's Cyclically Adjusted Revenue per Share compare to BXP and ARE?
Millionaire Property Fund's Cyclically Adjusted Revenue per Share of ฿1.74 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Millionaire Property Fund and its competitors. Millionaire Property Fund's current Cyclically Adjusted Revenue per Share is ฿1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millionaire Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Millionaire Property Fund (BKK:MIPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.93, compared to a current price of ฿9.30 — trading 14.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿1.74. Millionaire Property Fund's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Millionaire Property Fund (BKK:MIPF), the current Cyclically Adjusted Revenue per Share is ฿1.74 as of Mar. 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 Millionaire Property Fund (BKK:MIPF) Overvalued in 2026?

Based on GuruFocus' analysis, Millionaire Property Fund stock appears to be undervalued. The current stock price of ฿9.30 is trading 14.9% below its estimated GF Value™ of ฿10.93. GuruFocus considers Millionaire Property Fund to be Modestly Undervalued.

Key valuation signals for BKK:MIPF:

  • Cyclically Adjusted Revenue per Share: ฿1.74
  • GF Value™: ฿10.93 vs. price of ฿9.30 (14.9% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Millionaire Property Fund Business Description

Industry Real EstateREITs
Address Rama 1 Road, 989 Siam Piwat Tower, 9th, 24th Floor, Pathumwan, Bangkok, THA, 10330
Millionaire Property Fund is a close-ended property fund with no maturity date. The objective of the company is to mobilize funds from the sale of investment units to purchase and/or lease property and procure benefits from such property. The Fund operates in only one business segment which is property investments and the business is only operated in Thailand.
77GF Score

Get the complete analysis for BKK:MIPF

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

฿9.30
Price
฿10.93
GF Value