King Wan (SGX:554) Cyclically Adjusted PB Ratio: 0.34 (As of Aug. 17, 2026) — 17% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

What is King Wan Cyclically Adjusted PB Ratio?

King Wan SGX:554 +6.67% Cyclically Adjusted PB Ratio is 0.34 as of Aug. 17, 2026, which is 17% above its 10-year median of 0.29. The stock has 3 warning signs investors should review. Among 1,317 Construction companies, King Wan ranks better than 85.65% on this metric.

As of today (2026-08-17), King Wan's current share price is S$0.048. King Wan's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was S$0.14. King Wan's Cyclically Adjusted PB Ratio for today is 0.34.

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

SGX:554' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.29   Max: 0.92
Current: 0.34

During the past 13 years, King Wan's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.12. And the median was 0.29.

SGX:554's Cyclically Adjusted PB Ratio is ranked better than
85.65% of 1317 companies
in the Construction industry
Industry Median: 1.16 vs SGX:554: 0.34

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.

King Wan's adjusted book value per share data of for the fiscal year that ended in Mar26 was S$0.085. 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 S$0.14 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


King Wan  (SGX:554) 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.


King Wan Cyclically Adjusted PB Ratio Related Terms


King Wan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for King Wan'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.

King Wan Cyclically Adjusted PB Ratio Chart

King Wan 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 0.21 0.20 0.14 0.24 0.35

King Wan 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 0.14 0.00 0.24 0.00 0.35

SGX:554 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, King Wan'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.


King Wan Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, King Wan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



King Wan 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.

King Wan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.048/0.14
=0.34

* 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.

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

For example, King Wan'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)
=0.085/330.2130*330.2130
=0.085

Current CPI (Mar26) = 330.2130.

King Wan Annual Data

Book Value per Share CPI Adj_Book
201703 0.161 243.801 0.218
201803 0.148 249.554 0.196
201903 0.149 254.202 0.194
202003 0.119 258.115 0.152
202103 0.126 264.877 0.157
202203 0.099 287.504 0.114
202303 0.089 301.836 0.097
202403 0.100 312.332 0.106
202503 0.099 319.799 0.102
202603 0.085 330.213 0.085

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 0.34 mean?
King Wan (SGX:554) has a Cyclically Adjusted PB Ratio of 0.34 as of Aug. 17, 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 King Wan and its competitors. This is 17% above median its historical median of 0.29. Over the past decade, King Wan's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.92. According to the industry distribution chart, King Wan ranks #189 out of 1317 companies in the Construction industry, placing it in the top 14.4%.
Is King Wan's Cyclically Adjusted PB Ratio too high?
King Wan's current Cyclically Adjusted PB Ratio of 0.34 is 17% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.92. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. King Wan's value of 0.34 is 70.7% below this industry median. Based on the distribution chart, King Wan ranks #189 out of 1317 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does King Wan's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, King Wan ranks #189 out of 1317 companies for Cyclically Adjusted PB Ratio. This places King Wan in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. King Wan's value of 0.34 is 70.7% below this benchmark. Historically, King Wan's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.92 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.16, King Wan has consistently been below 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,317 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. King Wan's current Cyclically Adjusted PB Ratio of 0.34 is 70.7% below 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 King Wan and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. King Wan's current Cyclically Adjusted PB Ratio is 0.34, which is 17% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King Wan stock overvalued right now?
Based on GuruFocus' analysis, King Wan (SGX:554) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.05 — trading 380% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 17% above median its 10-year median of 0.29 and 70.7% below the Construction industry median of 1.16. 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 King Wan (SGX:554), the current Cyclically Adjusted PB Ratio is 0.34 as of Aug. 17, 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.

King Wan Business Description

Address 8 Sungei Kadut Loop, Singapore, SGP, 729455
King Wan Corp Ltd engages in the provision of mechanical and electrical engineering services for the building and construction industry. It operates in five segments. The Plumbing and Sanitary segment provides services comprising the design and installation of water distribution systems and pipe networks for sewage and wastewater drainage. The electrical segment focuses on the electrical engineering services that design and install electricity distribution systems, fire protection, alarm systems, and security systems. The toilet rental segment consists of the rental and operation of mobile lavatories. The investment holding segment consists of investments in associates and joint ventures. Others segment involves other activities that do not fall into the activities of the other segments.