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Paragon REIT (SGX:SK6U) Cyclically Adjusted PB Ratio : 0.70 (As of Apr. 29, 2024)


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What is Paragon REIT Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Paragon REIT's current share price is S$0.83. Paragon REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was S$1.18. Paragon REIT's Cyclically Adjusted PB Ratio for today is 0.70.

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

SGX:SK6U' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.71   Max: 0.74
Current: 0.71

During the past 10 years, Paragon REIT's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.69. And the median was 0.71.

SGX:SK6U's Cyclically Adjusted PB Ratio is ranked better than
54.25% of 494 companies
in the REITs industry
Industry Median: 0.775 vs SGX:SK6U: 0.71

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.

Paragon REIT's adjusted book value per share data of for the fiscal year that ended in Dec23 was S$1.016. 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$1.18 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paragon REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Paragon REIT'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.

Paragon REIT Cyclically Adjusted PB Ratio Chart

Paragon REIT Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.75

Paragon REIT Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Dec22 Jun23 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 - - - - 0.75

Competitive Comparison of Paragon REIT's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Paragon REIT'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.


Paragon REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Paragon REIT's Cyclically Adjusted PB Ratio falls into.



Paragon REIT 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.

Paragon REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.83/1.18
=0.70

* 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.

Paragon REIT's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Paragon REIT's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.016/129.4194*129.4194
=1.016

Current CPI (Dec23) = 129.4194.

Paragon REIT Annual Data

Book Value per Share CPI Adj_Book
201408 0.936 100.352 1.207
201508 0.948 100.548 1.220
201608 0.938 101.617 1.195
201708 0.947 103.587 1.183
201808 0.948 106.383 1.153
201908 1.065 108.245 1.273
202008 1.014 109.662 1.197
202108 1.017 115.421 1.140
202212 0.000 125.222 0.000
202312 1.016 129.419 1.016

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.


Paragon REIT  (SGX:SK6U) 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.


Paragon REIT Cyclically Adjusted PB Ratio Related Terms

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


Paragon REIT (SGX:SK6U) Business Description

Industry
Traded in Other Exchanges
N/A
Address
79 Robinson Road, CapitaSky, Bridge+, Singapore, SGP, 068897
Paragon REIT is a real estate investment trust which focuses on retail properties in Singapore and other Asia Pacific regions. The trust primarily comprises upscale retail malls and shopping centres.

Paragon REIT (SGX:SK6U) Headlines

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