Memstar Technology (SGX:5MS) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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 Memstar Technology Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Memstar Technology  (SGX:5MS) 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.


Memstar Technology Cyclically Adjusted PB Ratio Related Terms


Memstar Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Memstar Technology'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.

Memstar Technology Cyclically Adjusted PB Ratio Chart

Memstar Technology Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Memstar Technology Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Sep19 Dec19
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

Memstar Technology Cyclically Adjusted PB Ratio Competitor Comparison

For the Pollution & Treatment Controls subindustry, Memstar Technology'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.


Memstar Technology Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Memstar Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Memstar Technology 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.

Memstar Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Memstar Technology's adjusted Book Value per Share data for the three months ended in Dec. 2019 was:

Adj_Book=Book Value per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=-0.001/256.9740*256.9740
=-0.001

Current CPI (Dec. 2019) = 256.9740.

Memstar Technology Quarterly Data

Book Value per Share CPI Adj_Book
200912 0.000 215.949 0.000
201003 0.000 217.631 0.000
201006 0.028 217.965 0.033
201009 0.028 218.439 0.033
201012 0.027 219.179 0.032
201103 0.027 223.467 0.031
201106 0.030 225.722 0.034
201109 0.032 226.889 0.036
201112 0.034 225.672 0.039
201203 0.033 229.392 0.037
201206 0.055 229.478 0.062
201209 0.036 231.407 0.040
201212 0.037 229.601 0.041
201303 0.038 232.773 0.042
201306 0.054 233.504 0.059
201309 0.041 234.149 0.045
201312 0.043 233.049 0.047
201403 0.042 236.293 0.046
201406 0.001 238.343 0.001
201409 0.001 238.031 0.001
201412 0.001 234.812 0.001
201503 0.003 236.119 0.003
201506 0.002 238.638 0.002
201509 0.002 237.945 0.002
201512 0.002 236.525 0.002
201603 0.002 238.132 0.002
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201909 -0.001 256.759 -0.001
201912 -0.001 256.974 -0.001

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.


Memstar Technology Business Description

Comparable Companies SGX:LS9SGX:BLRSGX:BHKSGX:CEE
Address 11 Kian Teck Drive, Singapore, SGP, 628828
Memstar Technology Ltd is engaged in research, manufacturing, and application development of polyvinylidene fluoride (PVDF) hollow fiber membrane technology. The company products include Hollow Fiber - UF and MBR; Reverse Osmosis (RO) and Direct Competitor Replacements.