AASLF (Asia Air Survey Co) Cyclically Adjusted PB Ratio: (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AASLF Asia Air Survey Co Ltd AASLF
81 GF Score
Price $7.41
GF Value $7.52
! 3 Warning Signs
View Full Analysis

What is Asia Air Survey Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Air Survey Co  (OTCPK:AASLF) 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 Air Survey Co Cyclically Adjusted PB Ratio Related Terms


Asia Air Survey Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asia Air Survey Co'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.

Asia Air Survey Co Cyclically Adjusted PB Ratio Chart

Asia Air Survey Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.09 1.15 1.36 1.25

Asia Air Survey Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.21 1.25 1.30 1.22 0.00

AASLF vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Asia Air Survey Co'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 Air Survey Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Asia Air Survey Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AASLF
81GF Score
Asia Air Survey Co Ltd AASLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Air Survey Co 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 Air Survey Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Asia Air Survey Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=8.144/112.7000*112.7000
=8.144

Current CPI (Mar. 2026) = 112.7000.

Asia Air Survey Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.221 98.100 5.998
201609 5.427 98.000 6.241
201612 4.654 98.400 5.330
201703 5.691 98.100 6.538
201706 5.546 98.500 6.346
201709 5.639 98.800 6.432
201712 5.273 99.400 5.979
201803 6.541 99.200 7.431
201806 5.994 99.200 6.810
201809 5.906 99.900 6.663
201812 5.653 99.700 6.390
201903 7.231 99.700 8.174
201906 6.747 99.800 7.619
201909 7.171 100.100 8.074
201912 7.063 100.500 7.920
202003 8.044 100.300 9.038
202006 7.838 99.900 8.842
202009 8.150 99.900 9.194
202012 8.083 99.300 9.174
202103 7.917 99.900 8.931
202106 8.429 99.500 9.547
202109 8.578 100.100 9.658
202112 8.085 100.100 9.103
202203 8.832 101.100 9.845
202206 7.435 101.800 8.231
202209 7.018 103.100 7.671
202212 7.339 104.100 7.945
202303 8.543 104.400 9.222
202306 7.654 105.200 8.200
202309 7.398 106.200 7.851
202312 7.460 106.800 7.872
202403 8.104 107.200 8.520
202406 7.250 108.200 7.552
202409 8.054 108.900 8.335
202412 7.211 110.700 7.341
202503 8.357 111.100 8.477
202506 8.085 111.700 8.157
202509 8.161 112.000 8.212
202512 7.526 113.000 7.506
202603 8.144 112.700 8.144

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.

Is Asia Air Survey Co (AASLF) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Air Survey Co stock appears to be undervalued. The current stock price of $7.41 is trading 1.5% below its estimated GF Value™ of $7.52.

Key valuation signals for AASLF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $7.52 vs. price of $7.41 (1.5% below fair value)
  • GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the AASLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Air Survey Co Business Description

Other Exchanges 9233:Japan
Address 6-14-1 Nishi Shinjuku, Shinjuku-ku, Green Tower Building, 15th Floor, Tokyo, JPN, 160-0023
Asia Air Survey Co Ltd is a construction consulting company specializing in aerial surveying. The company includes a group of technical specialists with high-precision, specialized technology in businesses and fields such as surveying, disaster prevention, the environment and spatial information.
81GF Score

Get the complete analysis for AASLF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.41
Price
$7.52
GF Value