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BRC Asia (SGX:BEC) Cyclically Adjusted PB Ratio : 1.67 (As of Jun. 06, 2024)


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What is BRC Asia Cyclically Adjusted PB Ratio?

As of today (2024-06-06), BRC Asia's current share price is S$2.14. BRC Asia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was S$1.28. BRC Asia's Cyclically Adjusted PB Ratio for today is 1.67.

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

SGX:BEC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.48   Max: 2.47
Current: 1.61

During the past years, BRC Asia's highest Cyclically Adjusted PB Ratio was 2.47. The lowest was 0.74. And the median was 1.48.

SGX:BEC's Cyclically Adjusted PB Ratio is ranked worse than
68.84% of 507 companies
in the Steel industry
Industry Median: 0.99 vs SGX:BEC: 1.61

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.

BRC Asia's adjusted book value per share data for the three months ended in Mar. 2024 was S$1.591. 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$1.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRC Asia Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BRC Asia'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.

BRC Asia Cyclically Adjusted PB Ratio Chart

BRC Asia Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.24 1.42 1.37 1.35

BRC Asia Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Sep23 Mar24
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 - 1.37 1.41 1.35 1.47

Competitive Comparison of BRC Asia's Cyclically Adjusted PB Ratio

For the Steel subindustry, BRC Asia'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.


BRC Asia's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BRC Asia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BRC Asia 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.

BRC Asia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.14/1.28
=1.67

* 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.

BRC Asia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BRC Asia's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.591/131.7762*131.7762
=1.591

Current CPI (Mar. 2024) = 131.7762.

BRC Asia Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.818 98.790 1.091
201312 0.867 98.326 1.162
201403 0.904 99.695 1.195
201406 0.877 100.560 1.149
201409 0.888 100.428 1.165
201412 0.912 99.070 1.213
201503 0.901 99.621 1.192
201506 0.890 100.684 1.165
201509 0.893 100.392 1.172
201512 0.904 99.792 1.194
201603 0.878 100.470 1.152
201606 0.904 101.688 1.171
201609 0.920 101.861 1.190
201612 0.929 101.863 1.202
201703 0.903 102.862 1.157
201706 0.897 103.349 1.144
201709 0.900 104.136 1.139
201712 0.917 104.011 1.162
201803 0.981 105.290 1.228
201806 0.950 106.317 1.177
201809 1.016 106.507 1.257
201812 1.041 105.998 1.294
201903 1.071 107.251 1.316
201906 1.092 108.070 1.332
201909 1.127 108.329 1.371
201912 1.180 108.420 1.434
202003 1.148 108.902 1.389
202006 1.134 108.767 1.374
202009 1.134 109.815 1.361
202012 1.172 109.897 1.405
202103 1.163 111.754 1.371
202106 1.204 114.631 1.384
202109 1.237 115.734 1.408
202112 0.000 117.630 0.000
202203 1.328 121.301 1.443
202206 0.000 125.017 0.000
202209 1.454 125.227 1.530
202303 1.420 127.348 1.469
202309 1.558 129.860 1.581
202403 1.591 131.776 1.591

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.


BRC Asia  (SGX:BEC) 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.


BRC Asia Cyclically Adjusted PB Ratio Related Terms

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


BRC Asia (SGX:BEC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
350 Jalan Boon Lay, Jurong Industrial Estate, Singapore, SGP, 619530
BRC Asia Ltd is a provider of steel reinforcement solutions. The reportable segments of the company are fabrication and manufacturing; Trading; and others. It generates maximum revenue from the fabrication and manufacturing segment. The fabrication and manufacturing segment is involved in the business of prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. Trading segment is involved in trading of steel and steel related products in both domestic and international market. Others relates to management of airport, hotel and resort and property development. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Thailand, Hong Kong, Australia and others.

BRC Asia (SGX:BEC) Headlines

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