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Singapore Airlines (Singapore Airlines) Cyclically Adjusted PB Ratio : 0.78 (As of May. 22, 2024)


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What is Singapore Airlines Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Singapore Airlines's current share price is $9.92. Singapore Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.79. Singapore Airlines's Cyclically Adjusted PB Ratio for today is 0.78.

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

SINGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.73   Max: 0.96
Current: 0.78

During the past years, Singapore Airlines's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.41. And the median was 0.73.

SINGY's Cyclically Adjusted PB Ratio is ranked better than
70.35% of 705 companies
in the Transportation industry
Industry Median: 1.25 vs SINGY: 0.78

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.

Singapore Airlines's adjusted book value per share data for the three months ended in Mar. 2024 was $8.195. 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 $12.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Singapore Airlines'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.

Singapore Airlines Cyclically Adjusted PB Ratio Chart

Singapore Airlines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.68 0.63 0.65 0.74

Singapore Airlines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 0.65 0.81 0.74 0.76 0.74

Competitive Comparison of Singapore Airlines's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Singapore Airlines 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.

Singapore Airlines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.92/12.79
=0.78

* 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.

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

For example, Singapore Airlines'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)
=8.195/131.7762*131.7762
=8.195

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.853 100.560 16.843
201409 12.216 100.428 16.029
201412 11.210 99.070 14.911
201503 10.903 99.621 14.422
201506 11.443 100.684 14.977
201509 10.788 100.392 14.161
201512 10.981 99.792 14.500
201603 11.253 100.470 14.759
201606 11.917 101.688 15.443
201609 11.615 101.861 15.026
201612 11.499 101.863 14.876
201703 9.580 102.862 12.273
201706 11.315 103.349 14.427
201709 11.897 104.136 15.055
201712 12.421 104.011 15.737
201803 11.657 105.290 14.589
201806 12.329 106.317 15.281
201809 12.202 106.507 15.097
201812 10.654 105.998 13.245
201903 11.680 107.251 14.351
201906 11.013 108.070 13.429
201909 10.173 108.329 12.375
201912 10.649 108.420 12.943
202003 7.815 108.902 9.457
202006 8.511 108.767 10.311
202009 7.531 109.815 9.037
202012 7.930 109.897 9.509
202103 7.993 111.754 9.425
202106 11.289 114.631 12.977
202109 10.979 115.734 12.501
202112 10.934 117.630 12.249
202203 11.119 121.301 12.079
202206 11.156 125.017 11.759
202209 11.037 125.227 11.614
202212 9.684 125.222 10.191
202303 9.974 127.348 10.321
202306 8.575 128.729 8.778
202309 8.547 129.860 8.673
202312 7.866 129.419 8.009
202403 8.195 131.776 8.195

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.


Singapore Airlines  (OTCPK:SINGY) 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.


Singapore Airlines Cyclically Adjusted PB Ratio Related Terms

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


Singapore Airlines (Singapore Airlines) Business Description

Address
25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

Singapore Airlines (Singapore Airlines) Headlines

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