Singapore Telecommunications (FRA:SIT4) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

FRA:SIT4 Singapore Telecommunications Ltd FRA:SIT4
77 GF Score
Price €2.94
GF Value €2.18
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Singapore Telecommunications Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Telecommunications  (FRA:SIT4) 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 Telecommunications Cyclically Adjusted PB Ratio Related Terms


Singapore Telecommunications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Singapore Telecommunications'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.

Singapore Telecommunications Cyclically Adjusted PB Ratio Chart

Singapore Telecommunications Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 1.34 1.34 1.79 2.57

Singapore Telecommunications Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.34 1.76 1.79 2.09 2.56

FRA:SIT4 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Singapore Telecommunications'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 Telecommunications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Singapore Telecommunications's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:SIT4
77GF Score
Singapore Telecommunications Ltd FRA:SIT4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Telecommunications 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 Telecommunications's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Singapore Telecommunications's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1.132/330.2130*330.2130
=1.132

Current CPI (Mar26) = 330.2130.

Singapore Telecommunications Annual Data

Book Value per Share CPI Adj_Book
201703 1.159 243.801 1.570
201803 1.131 249.554 1.497
201903 1.204 254.202 1.564
202003 1.054 258.115 1.348
202103 1.019 264.877 1.270
202203 1.091 287.504 1.253
202303 1.049 301.836 1.148
202403 0.996 312.332 1.053
202503 1.041 319.799 1.075
202603 1.132 330.213 1.132

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 Singapore Telecommunications (FRA:SIT4) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Telecommunications stock appears to be overvalued. The current stock price of €2.94 is trading 35% above its estimated GF Value™ of €2.18. GuruFocus considers Singapore Telecommunications to be Significantly Overvalued.

Key valuation signals for FRA:SIT4:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.18 vs. price of €2.94 (35% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the FRA:SIT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Singapore Telecommunications Business Description

Address 10 Eunos Road 8, No.07-31, Singapore, SGP, 239732
Singapore Telecommunications is Singapore's leading telecoms company. It owns extensive wired and wireless networks offering data and voice services to a broad customer base. Singtel's diverse investment portfolio spreads across the region. The firm wholly owns Optus in Australia and minority equity stakes in Airtel (28%) in India; Telkomsel (35%) in Indonesia; Globe Telecom (47%) in the Philippines; and Advanced Information Services (23%) and Intouch (21%) in Thailand. Singtel is majority-owned by the Singapore government.
77GF Score

Get the complete analysis for FRA:SIT4

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

€2.94
Price
€2.18
GF Value