Asia Properties (Asia Properties) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)

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What is Asia Properties Cyclically Adjusted PB Ratio?

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Asia Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Asia Properties'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.

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Asia Properties Cyclically Adjusted PB Ratio Chart

Asia Properties Annual Data

Trend

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Cyclically Adjusted PB Ratio

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Asia Properties Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
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Competitive Comparison of Asia Properties's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Asia Properties'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.

Asia Properties's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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

Asia Properties 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.

Asia Properties's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2017 is calculated as:

For example, Asia Properties's adjusted Book Value per Share data for the three months ended in Sep. 2017 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2017 (Change)	*	Current CPI (Sep. 2017)
	=	-0.006	/	104.1356	*	104.1356
	=	-0.006

Current CPI (Sep. 2017) = 104.1356.

Asia Properties Quarterly Data

	Book Value per Share	CPI	Adj_Book
200712	0.033	88.616	0.039
200803	0.000	90.090	0.000
200806	0.000	92.320	0.000
200809	0.000	92.307	0.000
200812	-0.013	88.697	-0.015
200903	-0.015	89.744	-0.017
200906	-0.016	91.003	-0.018
200909	-0.017	91.120	-0.019
200912	-0.018	91.111	-0.021
201003	-0.018	91.821	-0.020
201006	-0.019	91.962	-0.022
201009	-0.020	92.162	-0.023
201012	-0.021	92.474	-0.024
201103	-0.022	94.283	-0.024
201106	-0.023	95.235	-0.025
201109	-0.009	95.727	-0.010
201112	-0.011	95.213	-0.012
201203	-0.012	96.783	-0.013
201206	-0.013	96.819	-0.014
201209	-0.014	97.633	-0.015
201212	-0.016	96.871	-0.017
201303	-0.017	98.209	-0.018
201306	-0.018	98.518	-0.019
201309	-0.017	98.790	-0.018
201312	-0.030	98.326	-0.032
201403	-0.031	99.695	-0.032
201406	-0.031	100.560	-0.032
201409	-0.031	100.428	-0.032
201412	-0.031	99.070	-0.033
201503	1.868	99.621	1.953
201506	0.000	100.684	0.000
201509	0.000	100.392	0.000
201512	-0.004	99.792	-0.004
201603	-0.004	100.470	-0.004
201606	-0.004	101.688	-0.004
201609	-0.004	101.861	-0.004
201612	-0.005	101.863	-0.005
201703	-0.005	102.862	-0.005
201706	-0.006	103.349	-0.006
201709	-0.006	104.136	-0.006

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.

Asia Properties (OTCPK:ASPZ) 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.

Asia Properties Cyclically Adjusted PB Ratio Related Terms

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