HYFXF (Hyflux) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Hyflux Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyflux  (OTCPK:HYFXF) 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.


Hyflux Cyclically Adjusted PB Ratio Related Terms


Hyflux Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hyflux'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.

Hyflux Cyclically Adjusted PB Ratio Chart

Hyflux Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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Hyflux Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.00 0.00 0.00 0.00 0.00

HYFXF vs PICO, CWCO, GWRS: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Water subindustry, Hyflux'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.


Hyflux Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hyflux's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hyflux 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.

Hyflux's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Hyflux's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book=Book Value per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.13/252.4390*252.4390
=-0.130

Current CPI (Sep. 2018) = 252.4390.

Hyflux Quarterly Data

Book Value per Share CPI Adj_Book
200812 0.256 210.228 0.307
200903 0.000 212.709 0.000
200906 0.000 215.693 0.000
200909 0.000 215.969 0.000
200912 0.330 215.949 0.386
201003 0.348 217.631 0.404
201006 0.394 217.965 0.456
201009 0.414 218.439 0.478
201012 0.670 219.179 0.772
201103 0.467 223.467 0.528
201106 0.830 225.722 0.928
201109 0.843 226.889 0.938
201112 0.828 225.672 0.926
201203 0.844 229.392 0.929
201206 0.821 229.478 0.903
201209 0.843 231.407 0.920
201212 0.855 229.601 0.940
201303 0.853 232.773 0.925
201306 0.848 233.504 0.917
201309 0.847 234.149 0.913
201312 0.848 233.049 0.919
201403 1.143 236.293 1.221
201406 1.184 238.343 1.254
201409 1.326 238.031 1.406
201412 1.245 234.812 1.338
201503 1.187 236.119 1.269
201506 1.222 238.638 1.293
201509 1.151 237.945 1.221
201512 1.174 236.525 1.253
201603 1.140 238.132 1.208
201606 1.605 241.018 1.681
201609 1.397 241.428 1.461
201612 1.354 241.432 1.416
201703 1.063 243.801 1.101
201706 1.017 244.955 1.048
201709 1.021 246.819 1.044
201712 0.929 246.524 0.951
201803 0.934 249.554 0.945
201806 0.797 251.989 0.798
201809 -0.130 252.439 -0.130

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.


Hyflux Business Description

Address 80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949
Hyflux Ltd is a water treatment specialist providing integrated treatment systems for water treatment and membrane filtration. It also provides one-stop shop service for the design, fabrication, installation, commissioning and maintenance of treatment systems for water purification, wastewater treatment and water recycling. In the specialised field of membrane processing, the company utilises membrane filtration technologies that have found diverse applications across industries such as electronics, pharmaceuticals and biotechnology. Its projects and customers are in Singapore, China and Malaysia.