Heatec Jietong Holdings (SGX:5OR) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Heatec Jietong Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Heatec Jietong Holdings  (SGX:5OR) 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.


Heatec Jietong Holdings Cyclically Adjusted PB Ratio Related Terms


Heatec Jietong Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heatec Jietong Holdings'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.

Heatec Jietong Holdings Cyclically Adjusted PB Ratio Chart

Heatec Jietong Holdings 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 0.00 0.00 0.00 0.00 0.23

Heatec Jietong Holdings Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Jun26
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 0.13 0.23 0.00

SGX:5OR vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Heatec Jietong Holdings'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.


Heatec Jietong Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Heatec Jietong Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Heatec Jietong Holdings 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.

Heatec Jietong Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Heatec Jietong Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.043/333.9520*333.9520
=0.043

Current CPI (Jun. 2026) = 333.9520.

Heatec Jietong Holdings Quarterly Data

Book Value per Share CPI Adj_Book
200812 0.135 210.228 0.214
200912 0.205 215.949 0.317
201006 0.200 217.965 0.306
201012 0.223 219.179 0.340
201106 0.217 225.722 0.321
201112 0.179 225.672 0.265
201206 0.181 229.478 0.263
201212 0.168 229.601 0.244
201306 0.203 233.504 0.290
201312 0.207 233.049 0.297
201406 0.203 238.343 0.284
201412 0.189 234.812 0.269
201506 0.185 238.638 0.259
201512 0.192 236.525 0.271
201606 0.195 241.018 0.270
201612 0.198 241.432 0.274
201706 0.181 244.955 0.247
201712 0.161 246.524 0.218
201806 0.148 251.989 0.196
201812 0.133 251.233 0.177
201906 0.123 256.143 0.160
201912 0.113 256.974 0.147
202006 0.113 257.797 0.146
202012 0.113 260.474 0.145
202106 0.112 271.696 0.138
202112 0.091 278.802 0.109
202206 0.090 296.311 0.101
202212 0.087 296.797 0.098
202306 0.066 305.109 0.072
202309 0.000 307.789 0.000
202312 0.058 306.746 0.063
202403 0.000 312.332 0.000
202406 0.058 314.175 0.062
202409 0.056 315.301 0.059
202412 0.054 315.605 0.057
202503 0.052 319.799 0.054
202506 0.052 322.561 0.054
202509 0.050 324.800 0.051
202512 0.050 324.054 0.052
202606 0.043 333.952 0.043

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.


Heatec Jietong Holdings Business Description

Industry EnergyOil & Gas
Address No. 10 Tuas South Street 15, Singapore, SGP, 637076
Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical Cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in the servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The group's operations are carried out in Singapore and the People's Republic of China.