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Mapletree Logistics Trust (SGX:M44U) Cyclically Adjusted PB Ratio : 0.88 (As of Apr. 27, 2024)


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What is Mapletree Logistics Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Mapletree Logistics Trust's current share price is S$1.35. Mapletree Logistics Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was S$1.54. Mapletree Logistics Trust's Cyclically Adjusted PB Ratio for today is 0.88.

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

SGX:M44U' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.27   Max: 1.77
Current: 0.85

During the past years, Mapletree Logistics Trust's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.85. And the median was 1.27.

SGX:M44U's Cyclically Adjusted PB Ratio is ranked worse than
53.64% of 494 companies
in the REITs industry
Industry Median: 0.78 vs SGX:M44U: 0.85

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.

Mapletree Logistics Trust's adjusted book value per share data for the three months ended in Dec. 2023 was S$1.512. 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 S$1.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Logistics Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mapletree Logistics 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.

Mapletree Logistics Trust Cyclically Adjusted PB Ratio Chart

Mapletree Logistics Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.32 1.52 1.31 1.13

Mapletree Logistics Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.08 1.13 1.06 1.09 1.13

Competitive Comparison of Mapletree Logistics Trust's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, Mapletree Logistics 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.


Mapletree Logistics Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Mapletree Logistics 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.

Mapletree Logistics Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.35/1.54
=0.88

* 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 Logistics Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mapletree Logistics Trust's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.512/129.4194*129.4194
=1.512

Current CPI (Dec. 2023) = 129.4194.

Mapletree Logistics Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.104 99.695 1.433
201406 1.102 100.560 1.418
201409 1.104 100.428 1.423
201412 1.112 99.070 1.453
201503 1.156 99.621 1.502
201506 1.142 100.684 1.468
201509 1.148 100.392 1.480
201512 1.153 99.792 1.495
201603 1.144 100.470 1.474
201606 1.230 101.688 1.565
201609 1.232 101.861 1.565
201612 1.260 101.863 1.601
201703 1.263 102.862 1.589
201706 1.247 103.349 1.562
201709 1.183 104.136 1.470
201712 1.185 104.011 1.474
201803 1.243 105.290 1.528
201806 1.251 106.317 1.523
201809 1.249 106.507 1.518
201812 1.243 105.998 1.518
201903 1.285 107.251 1.551
201906 1.283 108.070 1.536
201909 1.283 108.329 1.533
201912 1.286 108.420 1.535
202003 1.316 108.902 1.564
202006 1.316 108.767 1.566
202009 1.311 109.815 1.545
202012 1.383 109.897 1.629
202103 1.425 111.754 1.650
202106 1.415 114.631 1.598
202109 1.419 115.734 1.587
202112 1.492 117.630 1.642
202203 1.600 121.301 1.707
202206 1.593 125.017 1.649
202209 1.578 125.227 1.631
202212 1.534 125.222 1.585
202303 1.559 127.348 1.584
202306 1.538 128.729 1.546
202309 1.534 129.860 1.529
202312 1.512 129.419 1.512

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.


Mapletree Logistics Trust  (SGX:M44U) 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.


Mapletree Logistics Trust Cyclically Adjusted PB Ratio Related Terms

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


Mapletree Logistics Trust (SGX:M44U) Business Description

Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2023, the trust had a SGD 12.8 billion portfolio of 185 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management Ltd, a subsidiary of Mapletree Investments Pte Ltd, which owns around a 32% stake in the trust.

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