APTtellite Holdings (HKSE:01045) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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HKSE:01045 APT Satellite Holdings Ltd HKSE:01045
74 GF Score
Price HK$2.02
GF Value HK$1.87
Valuation Fairly Valued
! 5 Warning Signs
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What is APTtellite Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


APTtellite Holdings  (HKSE:01045) 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.


APTtellite Holdings Cyclically Adjusted PB Ratio Related Terms


APTtellite Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for APTtellite Holdings'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.

APTtellite Holdings Cyclically Adjusted PB Ratio Chart

APTtellite Holdings 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 0.41 0.35 0.35 0.34 0.41

APTtellite Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.34 0.35 0.32 0.42 0.32

HKSE:01045 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, APTtellite Holdings'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.


APTtellite Holdings Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


HKSE:01045
74GF Score
APT Satellite Holdings Ltd HKSE:01045
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

APTtellite Holdings 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.

APTtellite Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, APTtellite Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.638/120.7036*120.7036
=6.638

Current CPI (Dec25) = 120.7036.

APTtellite Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 5.209 103.225 6.091
201712 5.695 104.984 6.548
201812 6.067 107.622 6.804
201912 6.288 110.700 6.856
202012 6.397 109.711 7.038
202112 6.606 112.349 7.097
202212 6.533 114.548 6.884
202312 6.549 117.296 6.739
202412 6.557 118.945 6.654
202512 6.638 120.704 6.638

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 APTtellite Holdings (HKSE:01045) Overvalued in 2026?

Based on GuruFocus' analysis, APTtellite Holdings stock appears to be overvalued. The current stock price of HK$2.02 is trading 8% above its estimated GF Value™ of HK$1.87. GuruFocus considers APTtellite Holdings to be Fairly Valued.

Key valuation signals for HKSE:01045:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: HK$1.87 vs. price of HK$2.02 (8% above fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the HKSE:01045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


APTtellite Holdings Business Description

Other Exchanges ASEJF:USA
Address 22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG
APT Satellite Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in the maintenance, operation, and provision of satellite transponder capacity and related services; satellite-based broadcasting and telecommunications services; and other services. Currently, the company operates six in-orbit satellites: APSTAR-5C, APSTAR-6C, APSTAR-7 and APSTAR-9, APSTAR-6D and APSTAR-6E. From a regional perspective, the company's revenue is derived from customers in Hong Kong, Greater China, Southeast Asia, Australia and other regions.
74GF Score

Get the complete analysis for HKSE:01045

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

HK$2.02
Price
HK$1.87
GF Value