iFAST (FRA:1O3) Cyclically Adjusted PB Ratio: 12.19 (As of Aug. 16, 2026) — 12% Below Median

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FRA:1O3 iFAST Corp Ltd FRA:1O3
90 GF Score
Price €5.85
GF Value €8.56
Valuation Possible Value Trap
! 5 Warning Signs
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What is iFAST Cyclically Adjusted PB Ratio?

iFAST FRA:1O3 -0.85% 90 Cyclically Adjusted PB Ratio is 12.19 as of Aug. 16, 2026, which is 12% below its 10-year median of 13.92. GuruFocus rates FRA:1O3 with a GF Score™ of 90/100 and a GF Value™ of €8.56 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,548 Software companies, iFAST ranks worse than 93.22% on this metric.

As of today (2026-08-16), iFAST's current share price is €5.85. iFAST's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.48. iFAST's Cyclically Adjusted PB Ratio for today is 12.19.

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

FRA:1O3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.72   Med: 13.92   Max: 18.02
Current: 12.36

During the past years, iFAST's highest Cyclically Adjusted PB Ratio was 18.02. The lowest was 10.72. And the median was 13.92.

FRA:1O3's Cyclically Adjusted PB Ratio is ranked worse than
93.22% of 1548 companies
in the Software industry
Industry Median: 2.34 vs FRA:1O3: 12.36

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.

iFAST's adjusted book value per share data for the three months ended in Jun. 2026 was €0.982. 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 €0.48 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


iFAST  (FRA:1O3) 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.


iFAST Cyclically Adjusted PB Ratio Related Terms


iFAST Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for iFAST'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.

iFAST Cyclically Adjusted PB Ratio Chart

iFAST Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 16.79 13.36 14.63

iFAST 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 10.92 14.09 14.63 13.05 12.23

FRA:1O3 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, iFAST'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.


iFAST Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, iFAST's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:1O3
90GF Score
iFAST Corp Ltd FRA:1O3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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iFAST 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.

iFAST's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.85/0.48
=12.19

* 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.

iFAST's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, iFAST's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.982/333.9520*333.9520
=0.982

Current CPI (Jun. 2026) = 333.9520.

iFAST Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.195 241.428 0.270
201612 0.196 241.432 0.271
201703 0.204 243.801 0.279
201706 0.194 244.955 0.264
201709 0.189 246.819 0.256
201712 0.191 246.524 0.259
201803 0.195 249.554 0.261
201806 0.199 251.989 0.264
201809 0.198 252.439 0.262
201812 0.206 251.233 0.274
201903 0.215 254.202 0.282
201906 0.211 256.143 0.275
201909 0.217 256.759 0.282
201912 0.222 256.974 0.289
202003 0.224 258.115 0.290
202006 0.224 257.797 0.290
202009 0.230 260.280 0.295
202012 0.236 260.474 0.303
202103 0.236 264.877 0.298
202106 0.268 271.696 0.329
202109 0.285 274.310 0.347
202112 0.302 278.802 0.362
202203 0.543 287.504 0.631
202206 0.528 296.311 0.595
202209 0.544 296.808 0.612
202212 0.530 296.797 0.596
202303 0.542 301.836 0.600
202306 0.534 305.109 0.584
202309 0.552 307.789 0.599
202312 0.582 306.746 0.634
202403 0.621 312.332 0.664
202406 0.644 314.175 0.685
202409 0.689 315.301 0.730
202412 0.752 315.605 0.796
202503 0.785 319.799 0.820
202506 0.773 322.561 0.800
202509 0.807 324.800 0.830
202512 0.867 324.054 0.893
202603 0.949 330.213 0.960
202606 0.982 333.952 0.982

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.

What does a Cyclically Adjusted PB Ratio of 12.19 mean?
iFAST (FRA:1O3) has a Cyclically Adjusted PB Ratio of 12.19 as of Aug. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on iFAST and its competitors. This is 12% below median its historical median of 13.92. Over the past decade, iFAST's Cyclically Adjusted PB Ratio has ranged from 10.72 to 18.02. According to the industry distribution chart, iFAST ranks #1443 out of 1548 companies in the Software industry, placing it in the top 93.2%.
Is iFAST's Cyclically Adjusted PB Ratio too high?
iFAST's current Cyclically Adjusted PB Ratio of 12.19 is 12% below median its 10-year median of 13.92. Over the past 10 years, this metric has ranged from a low of 10.72 to a high of 18.02. The Software industry median Cyclically Adjusted PB Ratio is 2.34. iFAST's value of 12.19 is 420.9% above this industry median. Based on the distribution chart, iFAST ranks #1443 out of 1548 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, iFAST has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does iFAST's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, iFAST ranks #1443 out of 1548 companies for Cyclically Adjusted PB Ratio. This places iFAST in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. iFAST's value of 12.19 is 420.9% above this benchmark. Historically, iFAST's own Cyclically Adjusted PB Ratio has ranged from 10.72 to 18.02 over the past decade. While the company's 10-year median is 13.92 vs. the industry median of 2.34, iFAST has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.34, based on 1,548 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. iFAST's current Cyclically Adjusted PB Ratio of 12.19 is 420.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on iFAST and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iFAST's current Cyclically Adjusted PB Ratio is 12.19, which is 12% below median its own 10-year median of 13.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iFAST stock overvalued right now?
Based on GuruFocus' analysis, iFAST (FRA:1O3) is currently considered Possible Value Trap. The stock's GF Value™ is €8.56, compared to a current price of €5.85 — trading 31.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.19, which is 12% below median its 10-year median of 13.92 and 420.9% above the Software industry median of 2.34. iFAST's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For iFAST (FRA:1O3), the current Cyclically Adjusted PB Ratio is 12.19 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is iFAST (FRA:1O3) Overvalued in 2026?

Based on GuruFocus' analysis, iFAST stock appears to be undervalued. The current stock price of €5.85 is trading 31.7% below its estimated GF Value™ of €8.56. GuruFocus considers iFAST to be Possible Value Trap.

Key valuation signals for FRA:1O3:

  • Cyclically Adjusted PB Ratio: 12.19 (12% below median its 10-year median of 13.92)
  • GF Value™: €8.56 vs. price of €5.85 (31.7% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 420.9% above the Software median (#1443 of 1548)

No single metric tells the full story. See the FRA:1O3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iFAST Business Description

Other Exchanges AIY:Singapore
Address 10 Collyer Quay, No. 26-01, Ocean Financial Centre, Singapore, SGP, 049315
iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities, portfolio management, pension administrative services, trust services, and banking services. The company operates through geographic segments: Singapore, Hong Kong, Malaysia, the United Kingdom, and China. The Hong Kong region generates maximum revenue for the company. The company receives the majority of revenue in the form of commissions and fees.
90GF Score

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

€5.85
Price
€8.56
GF Value