CPAMF (CapitaLand Integrated Commercial Trust) Cyclically Adjusted Revenue per Share: $0.18 (As of Dec. 2025)

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.

CPAMF CapitaLand Integrated Commercial Trust CPAMF
69 GF Score
Price $1.85
GF Value $1.49
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is CapitaLand Integrated Commercial Trust Cyclically Adjusted Revenue per Share?

CapitaLand Integrated Commercial Trust CPAMF 69 Cyclically Adjusted Revenue per Share is $0.18 as of Dec. 2025. GuruFocus rates CPAMF with a GF Score™ of 69/100 and a GF Value™ of $1.49 (Modestly Overvalued). The stock has 10 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.

CapitaLand Integrated Commercial Trust's adjusted revenue per share data for the fiscal year that ended in Dec. 2025 was $0.169. 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 $0.18 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% 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 CapitaLand Integrated Commercial Trust was 4.80% per year. The lowest was -1.60% per year. And the median was 2.50% per year.

As of today (2026-07-14), CapitaLand Integrated Commercial Trust's current stock price is $ 1.85. CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec. 2025 was $0.18. CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio of today is 10.28.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CapitaLand Integrated Commercial Trust was 13.66. The lowest was 7.42. And the median was 9.83.


CapitaLand Integrated Commercial Trust  (OTCPK:CPAMF) 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.

CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.85/0.18
=10.28

* 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 CapitaLand Integrated Commercial Trust was 13.66. The lowest was 7.42. And the median was 9.83.


Be Aware

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


CapitaLand Integrated Commercial Trust Cyclically Adjusted Revenue per Share Related Terms


CapitaLand Integrated Commercial Trust Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for CapitaLand Integrated Commercial Trust'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.

CapitaLand Integrated Commercial Trust Cyclically Adjusted Revenue per Share Chart

CapitaLand Integrated Commercial Trust 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 0.16 0.17 0.17 0.17 0.18

CapitaLand Integrated Commercial Trust 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 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 0.17 0.00 0.17 0.00 0.18

CPAMF vs SPG, O, KIM: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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.


CapitaLand Integrated Commercial Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio falls into.


CPAMF
69GF Score
CapitaLand Integrated Commercial Trust CPAMF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Integrated Commercial Trust 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, CapitaLand Integrated Commercial Trust's adjusted Revenue per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.169/324.0540*324.0540
=0.169

Current CPI (Dec. 2025) = 324.0540.

CapitaLand Integrated Commercial Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.135 241.432 0.181
201712 0.143 246.524 0.188
201812 0.142 251.233 0.183
201912 0.138 256.974 0.174
202012 0.133 260.474 0.165
202112 0.147 278.802 0.171
202212 0.160 296.797 0.175
202312 0.176 306.746 0.186
202412 0.171 315.605 0.176
202512 0.169 324.054 0.169

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 $0.18 mean?
CapitaLand Integrated Commercial Trust (CPAMF) has a Cyclically Adjusted Revenue per Share of $0.18 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on CapitaLand Integrated Commercial Trust and its competitors.
Is CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share too high?
CapitaLand Integrated Commercial Trust's current Cyclically Adjusted Revenue per Share is $0.18. Overall, CapitaLand Integrated Commercial Trust has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share compare to SPG and O?
CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share of $0.18 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 CapitaLand Integrated Commercial Trust and its competitors. CapitaLand Integrated Commercial Trust's current Cyclically Adjusted Revenue per Share is $0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Integrated Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust (CPAMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.49, compared to a current price of $1.85 — trading 24.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $0.18. CapitaLand Integrated Commercial Trust's overall GF Score™ is 69/100 with 10 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 CapitaLand Integrated Commercial Trust (CPAMF), the current Cyclically Adjusted Revenue per Share is $0.18 as of Dec. 2025. 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 CapitaLand Integrated Commercial Trust (CPAMF) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust stock appears to be overvalued. The current stock price of $1.85 is trading 24.2% above its estimated GF Value™ of $1.49. GuruFocus considers CapitaLand Integrated Commercial Trust to be Modestly Overvalued.

Key valuation signals for CPAMF:

  • Cyclically Adjusted Revenue per Share: $0.18
  • GF Value™: $1.49 vs. price of $1.85 (24.2% above fair value)
  • GF Score™: 69/100 with 10 warning signs

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


CapitaLand Integrated Commercial Trust Business Description

Industry Real EstateREITs
Other Exchanges C38U:SingaporeM3T:Germany
Address 168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CICT was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties valued at SGD 27.4 billion as of Dec. 31, 2025. These include offices (mainly in the central business district), retail malls (including urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Australia and Germany making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 24% stake in CICT.
69GF Score

Get the complete analysis for CPAMF

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

$1.85
Price
$1.49
GF Value