Mapletree Industrial Trust (FRA:M2L) Cyclically Adjusted Revenue per Share: €0.16 (As of Mar. 2026)

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.

FRA:M2L Mapletree Industrial Trust FRA:M2L
71 GF Score
Price €1.28
GF Value €1.37
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Mapletree Industrial Trust Cyclically Adjusted Revenue per Share?

Mapletree Industrial Trust FRA:M2L +1.59% 71 Cyclically Adjusted Revenue per Share is €0.16 as of Mar. 2026. GuruFocus rates FRA:M2L with a GF Score™ of 71/100 and a GF Value™ of €1.37 (Fairly Valued). The stock has 7 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.

Mapletree Industrial Trust's adjusted revenue per share for the three months ended in Mar. 2026 was €0.037. 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 €0.16 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% 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 Mapletree Industrial Trust was 6.60% per year. The lowest was -5.40% per year. And the median was 3.75% per year.

As of today (2026-07-21), Mapletree Industrial Trust's current stock price is €1.2772. Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.16. Mapletree Industrial Trust's Cyclically Adjusted PS Ratio of today is 7.98.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mapletree Industrial Trust was 17.15. The lowest was 7.96. And the median was 10.32.


Mapletree Industrial Trust  (FRA:M2L) 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.

Mapletree Industrial Trust's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.2772/0.16
=7.98

* 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 Mapletree Industrial Trust was 17.15. The lowest was 7.96. And the median was 10.32.


Be Aware

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


Mapletree Industrial Trust Cyclically Adjusted Revenue per Share Related Terms


Mapletree Industrial Trust Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Mapletree Industrial 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.

Mapletree Industrial Trust Cyclically Adjusted Revenue per Share Chart

Mapletree Industrial Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.15 0.16 0.17 0.16

Mapletree Industrial Trust 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 0.17 0.17 0.16 0.15 0.16

FRA:M2L vs PLD, PSA, EXR: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Industrial subindustry, Mapletree Industrial 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.


Mapletree Industrial Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Mapletree Industrial Trust's Cyclically Adjusted PS Ratio falls into.


FRA:M2L
71GF Score
Mapletree Industrial Trust FRA:M2L
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mapletree Industrial 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, Mapletree Industrial Trust'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)
=0.037/330.2130*330.2130
=0.037

Current CPI (Mar. 2026) = 330.2130.

Mapletree Industrial Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.031 241.018 0.042
201609 0.031 241.428 0.042
201612 0.030 241.432 0.041
201703 0.032 243.801 0.043
201706 0.032 244.955 0.043
201709 0.032 246.819 0.043
201712 0.031 246.524 0.042
201803 0.021 249.554 0.028
201806 0.031 251.989 0.041
201809 0.030 252.439 0.039
201812 0.032 251.233 0.042
201903 0.024 254.202 0.031
201906 0.032 256.143 0.041
201909 0.033 256.759 0.042
201912 0.031 256.974 0.040
202003 0.022 258.115 0.028
202006 0.024 257.797 0.031
202009 0.024 260.280 0.030
202012 0.029 260.474 0.037
202103 0.035 264.877 0.044
202106 0.030 271.696 0.036
202109 0.033 274.310 0.040
202112 0.036 278.802 0.043
202203 0.037 287.504 0.042
202206 0.038 296.311 0.042
202209 0.041 296.808 0.046
202212 0.040 296.797 0.045
202303 0.040 301.836 0.044
202306 0.040 305.109 0.043
202309 0.040 307.789 0.043
202312 0.040 306.746 0.043
202403 0.041 312.332 0.043
202406 0.040 314.175 0.042
202409 0.043 315.301 0.045
202412 0.042 315.605 0.044
202503 0.041 319.799 0.042
202506 0.040 322.561 0.041
202509 0.038 324.800 0.039
202512 0.036 324.054 0.037
202603 0.037 330.213 0.037

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 €0.16 mean?
Mapletree Industrial Trust (FRA:M2L) has a Cyclically Adjusted Revenue per Share of €0.16 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 Mapletree Industrial Trust and its competitors.
Is Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share too high?
Mapletree Industrial Trust's current Cyclically Adjusted Revenue per Share is €0.16. Overall, Mapletree Industrial Trust has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share compare to PLD and PSA?
Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share of €0.16 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 Mapletree Industrial Trust and its competitors. Mapletree Industrial Trust's current Cyclically Adjusted Revenue per Share is €0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (FRA:M2L) is currently considered Fairly Valued. The stock's GF Value™ is €1.37, compared to a current price of €1.28 — trading 6.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.16. Mapletree Industrial Trust's overall GF Score™ is 71/100 with 7 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 Mapletree Industrial Trust (FRA:M2L), the current Cyclically Adjusted Revenue per Share is €0.16 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 Mapletree Industrial Trust (FRA:M2L) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued. The current stock price of €1.28 is trading 6.8% below its estimated GF Value™ of €1.37. GuruFocus considers Mapletree Industrial Trust to be Fairly Valued.

Key valuation signals for FRA:M2L:

  • Cyclically Adjusted Revenue per Share: €0.16
  • GF Value™: €1.37 vs. price of €1.28 (6.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the FRA:M2L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mapletree Industrial Trust Business Description

Industry Real EstateREITs
Other Exchanges MAPIF:USAME8U:Singapore
Address 10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
71GF Score

Get the complete analysis for FRA:M2L

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

€1.28
Price
€1.37
GF Value