RAFLF (Raffles Medical Group) Cyclically Adjusted PB Ratio: 1.88 (As of Jul. 24, 2026) — 35% Below Median

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RAFLF Raffles Medical Group Ltd RAFLF
61 GF Score
Price $0.75
GF Value $0.75
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Raffles Medical Group Cyclically Adjusted PB Ratio?

Raffles Medical Group RAFLF 61 Cyclically Adjusted PB Ratio is 1.88 as of Jul. 24, 2026, which is 35% below its 10-year median of 2.91. GuruFocus rates RAFLF with a GF Score™ of 61/100 and a GF Value™ of $0.75 (Fairly Valued). The stock has 4 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Raffles Medical Group ranks better than 55.9% on this metric.

As of today (2026-07-24), Raffles Medical Group's current share price is $0.753. Raffles Medical Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $0.40. Raffles Medical Group's Cyclically Adjusted PB Ratio for today is 1.88.

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

RAFLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.91   Max: 7.16
Current: 1.65

During the past 13 years, Raffles Medical Group's highest Cyclically Adjusted PB Ratio was 7.16. The lowest was 1.50. And the median was 2.91.

RAFLF's Cyclically Adjusted PB Ratio is ranked better than
55.9% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.85 vs RAFLF: 1.65

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.

Raffles Medical Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.446. 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 $0.40 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Raffles Medical Group  (OTCPK:RAFLF) 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.


Raffles Medical Group Cyclically Adjusted PB Ratio Related Terms


Raffles Medical Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Raffles Medical Group'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.

Raffles Medical Group Cyclically Adjusted PB Ratio Chart

Raffles Medical Group 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 3.15 2.88 2.07 1.55 1.78

Raffles Medical Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.07 0.00 1.55 0.00 1.78

RAFLF vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Raffles Medical Group'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.


Raffles Medical Group Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Raffles Medical Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RAFLF
61GF Score
Raffles Medical Group Ltd RAFLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Raffles Medical Group 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.

Raffles Medical Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.753/0.40
=1.88

* 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.

Raffles Medical Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Raffles Medical Group'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)
=0.446/324.0540*324.0540
=0.446

Current CPI (Dec25) = 324.0540.

Raffles Medical Group Annual Data

Book Value per Share CPI Adj_Book
201612 0.265 241.432 0.356
201712 0.308 246.524 0.405
201812 0.325 251.233 0.419
201912 0.339 256.974 0.427
202012 0.362 260.474 0.450
202112 0.377 278.802 0.438
202212 0.404 296.797 0.441
202312 0.415 306.746 0.438
202412 0.418 315.605 0.429
202512 0.446 324.054 0.446

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 1.88 mean?
Raffles Medical Group (RAFLF) has a Cyclically Adjusted PB Ratio of 1.88 as of Jul. 24, 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 Raffles Medical Group and its competitors. This is 35% below median its historical median of 2.91. Over the past decade, Raffles Medical Group's Cyclically Adjusted PB Ratio has ranged from 1.50 to 7.16. According to the industry distribution chart, Raffles Medical Group ranks #157 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 44.1%.
Is Raffles Medical Group's Cyclically Adjusted PB Ratio too high?
Raffles Medical Group's current Cyclically Adjusted PB Ratio of 1.88 is 35% below median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 7.16. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Raffles Medical Group's value of 1.88 is 1.6% above this industry median. Based on the distribution chart, Raffles Medical Group ranks #157 out of 356 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Raffles Medical Group has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raffles Medical Group's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Raffles Medical Group ranks #157 out of 356 companies for Cyclically Adjusted PB Ratio. This puts Raffles Medical Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Raffles Medical Group's value of 1.88 is 1.6% above this benchmark. Historically, Raffles Medical Group's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 7.16 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.85, Raffles Medical Group 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 356 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. Raffles Medical Group's current Cyclically Adjusted PB Ratio of 1.88 is 1.6% 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 Raffles Medical Group and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raffles Medical Group's current Cyclically Adjusted PB Ratio is 1.88, which is 35% below median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raffles Medical Group stock overvalued right now?
Based on GuruFocus' analysis, Raffles Medical Group (RAFLF) is currently considered Fairly Valued. The stock's GF Value™ is $0.75, compared to a current price of $0.75 — trading 0.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 35% below median its 10-year median of 2.91 and 1.6% above the Healthcare Providers & Services industry median of 1.85. Raffles Medical Group's overall GF Score™ is 61/100 with 4 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 Raffles Medical Group (RAFLF), the current Cyclically Adjusted PB Ratio is 1.88 as of Jul. 24, 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 Raffles Medical Group (RAFLF) Overvalued in 2026?

Based on GuruFocus' analysis, Raffles Medical Group stock appears to be overvalued. The current stock price of $0.75 is trading 0.4% above its estimated GF Value™ of $0.75. GuruFocus considers Raffles Medical Group to be Fairly Valued.

Key valuation signals for RAFLF:

  • Cyclically Adjusted PB Ratio: 1.88 (35% below median its 10-year median of 2.91)
  • GF Value™: $0.75 vs. price of $0.75 (0.4% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 1.6% above the Healthcare Providers & Services median (#157 of 356)

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


Raffles Medical Group Business Description

Other Exchanges BSL:Singapore
Address 585 North Bridge Road, No. 11-00, Raffles Hospital, Singapore, SGP, 188770
Raffles Medical Group Ltd is an integrated private healthcare provider in Asia with operations in Singapore, China, Japan, Vietnam, and Cambodia. The company owns and operates a tertiary hospital, a network of medical and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division. The company's operating segment includes Healthcare services, Hospital Services, Investment Holdings, and Insurance Services. The company generates revenue from contracts with customers, Rental Income, and Insurance revenue. Geographically operates in Singapore, Greater China, Vietnam, Cambodia and Japan.
61GF Score

Get the complete analysis for RAFLF

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

$0.75
Price
$0.75
GF Value