NCHGF (Nam Cheong) Cyclically Adjusted PB Ratio: (As of Jul. 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.
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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.

NCHGF Nam Cheong Ltd NCHGF
55 GF Score
Price $0.09
GF Value $0.02
! 3 Warning Signs
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What is Nam Cheong Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nam Cheong  (OTCPK:NCHGF) 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.


Nam Cheong Cyclically Adjusted PB Ratio Related Terms


Nam Cheong Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nam Cheong'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.

Nam Cheong Cyclically Adjusted PB Ratio Chart

Nam Cheong 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 0.06 0.07 0.11 0.27 0.00

Nam Cheong Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.75 1.70 0.00 0.00 0.00

NCHGF vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Nam Cheong'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.


Nam Cheong Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nam Cheong's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NCHGF
55GF Score
Nam Cheong Ltd NCHGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nam Cheong 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.

Nam Cheong's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nam Cheong'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)
=0.578/330.2130*330.2130
=0.578

Current CPI (Mar. 2026) = 330.2130.

Nam Cheong Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.971 241.018 17.771
201609 13.134 241.428 17.964
201612 12.721 241.432 17.399
201703 12.256 243.801 16.600
201706 -6.777 244.955 -9.136
201709 -7.211 246.819 -9.647
201712 -16.868 246.524 -22.594
201803 -11.631 249.554 -15.390
201806 -11.684 251.989 -15.311
201809 -1.781 252.439 -2.330
201812 -1.585 251.233 -2.083
201903 -1.555 254.202 -2.020
201906 -1.550 256.143 -1.998
201909 -1.254 256.759 -1.613
201912 -1.250 256.974 -1.606
202003 -1.543 258.115 -1.974
202006 -2.172 257.797 -2.782
202009 -2.420 260.280 -3.070
202012 -2.628 260.474 -3.332
202103 -2.453 264.877 -3.058
202106 -2.402 271.696 -2.919
202109 -2.327 274.310 -2.801
202112 -2.009 278.802 -2.379
202203 -1.984 287.504 -2.279
202206 -1.863 296.311 -2.076
202209 -1.789 296.808 -1.990
202212 -1.785 296.797 -1.986
202303 -1.760 301.836 -1.925
202306 -1.681 305.109 -1.819
202309 -1.538 307.789 -1.650
202312 -1.300 306.746 -1.399
202403 0.133 312.332 0.141
202406 0.200 314.175 0.210
202409 0.251 315.301 0.263
202412 0.321 315.605 0.336
202503 0.338 319.799 0.349
202506 0.381 322.561 0.390
202509 0.412 324.800 0.419
202512 0.507 324.054 0.517
202603 0.578 330.213 0.578

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 Nam Cheong (NCHGF) Overvalued in 2026?

Based on GuruFocus' analysis, Nam Cheong stock appears to be overvalued. The current stock price of $0.09 is trading 360% above its estimated GF Value™ of $0.02.

Key valuation signals for NCHGF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.02 vs. price of $0.09 (360% above fair value)
  • GF Score™: 55/100 with 3 warning signs

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


Nam Cheong Business Description

Other Exchanges 1MZ:Singapore
Address 9 Raffles Place, No. 26-01 Republic Plaza, Singapore, SGP, 048619
Nam Cheong Ltd along is an offshore marine group specializing in the building of offshore support vessels. The company's operating segment includes Shipbuilding; Vessel chartering and others. It generates maximum revenue from the Vessel chartering segment. Geographically, it derives a majority of its revenue from Malaysia. Its fleet comprises Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSV), Accommodation Work Barges (AWB), Maintenance Work Vessels (MWV), Safety Supply Vessels (SSV), and landing crafts, and Fast Crew Boat (FCB).
55GF Score

Get the complete analysis for NCHGF

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

$0.09
Price
$0.02
GF Value