CapitaLand Ascendas REIT (SGX:A17U) PB Ratio : 1.12 (As of Apr. 27, 2024)

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What is CapitaLand Ascendas REIT PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-27), CapitaLand Ascendas REIT's share price is S$2.60. CapitaLand Ascendas REIT's Book Value per Share for the quarter that ended in Dec. 2023 was S$2.33. Hence, CapitaLand Ascendas REIT's PB Ratio of today is 1.12.

Good Sign:

CapitaLand Ascendas REIT stock PB Ratio (=1.12) is close to 10-year low of 1.01

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

SGX:A17U' s PB Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.19 Max: 1.62
Current: 1.12

During the past 13 years, CapitaLand Ascendas REIT's highest PB Ratio was 1.62. The lowest was 1.01. And the median was 1.19.

SGX:A17U's PB Ratio is ranked worse than
75.59% of 852 companies
in the REITs industry
Industry Median: 0.825 vs SGX:A17U: 1.12

During the past 12 months, CapitaLand Ascendas REIT's average Book Value Per Share Growth Rate was -4.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CapitaLand Ascendas REIT was 16.20% per year. The lowest was -1.30% per year. And the median was 3.80% per year.

Back to Basics: PB Ratio

CapitaLand Ascendas REIT PB Ratio Historical Data

The historical data trend for CapitaLand Ascendas REIT's 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.

CapitaLand Ascendas REIT PB Ratio Chart

CapitaLand Ascendas REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.30

1.32

1.21

1.12

1.30

CapitaLand Ascendas REIT Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.21	1.16	1.12	1.14	1.30

Competitive Comparison of CapitaLand Ascendas REIT's PB Ratio

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT's PB Ratio, along with its competitors' market caps and 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.

CapitaLand Ascendas REIT's PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascendas REIT's PB Ratio falls into.

CapitaLand Ascendas REIT PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

CapitaLand Ascendas REIT's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.60	/	2.326
	=	1.12

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

CapitaLand Ascendas REIT (SGX:A17U) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

CapitaLand Ascendas REIT PB Ratio Related Terms

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CapitaLand Ascendas REIT (SGX:A17U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand Ascendas REIT (SGX:A17U) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ACDSF:USA S3Z:Germany

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

https://www.capitaland-ascendasreit.com

CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2022, it held a SGD 16.4 billion portfolio of 220 properties across Singapore, Australia, Europe, and the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.

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