Duty Free International (SGX:5SO) Cyclically Adjusted PB Ratio: 0.48 (As of Sep. 01, 2026) — 21% Below Median

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What is Duty Free International Cyclically Adjusted PB Ratio?

Duty Free International SGX:5SO +3.08% Cyclically Adjusted PB Ratio is 0.48 as of Sep. 01, 2026, which is 21% below its 10-year median of 0.61. The stock has 5 warning signs investors should review. Among 756 Retail - Cyclical companies, Duty Free International ranks better than 77.78% on this metric.

As of today (2026-09-01), Duty Free International's current share price is S$0.067. Duty Free International's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was S$0.14. Duty Free International's Cyclically Adjusted PB Ratio for today is 0.48.

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

SGX:5SO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.61   Max: 1.21
Current: 0.49

During the past years, Duty Free International's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.39. And the median was 0.61.

SGX:5SO's Cyclically Adjusted PB Ratio is ranked better than
77.78% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs SGX:5SO: 0.49

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.

Duty Free International's adjusted book value per share data for the three months ended in May. 2026 was S$0.082. 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 May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Duty Free International  (SGX:5SO) 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.


Duty Free International Cyclically Adjusted PB Ratio Related Terms


Duty Free International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Duty Free International'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.

Duty Free International Cyclically Adjusted PB Ratio Chart

Duty Free International Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.85 0.59 0.45 0.52

Duty Free International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.46 0.55 0.63 0.52 0.48

SGX:5SO vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Duty Free International'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.


Duty Free International Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Duty Free International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Duty Free International's Cyclically Adjusted PB Ratio falls into.



Duty Free International 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.

Duty Free International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.067/0.14
=0.48

* 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.

Duty Free International's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Duty Free International's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.082/335.1230*335.1230
=0.082

Current CPI (May. 2026) = 335.1230.

Duty Free International Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.153 240.849 0.213
201611 0.154 241.353 0.214
201702 0.143 243.603 0.197
201705 0.155 244.733 0.212
201708 0.152 245.519 0.207
201711 0.151 246.669 0.205
201802 0.161 248.991 0.217
201805 0.163 251.588 0.217
201808 0.157 252.146 0.209
201811 0.159 252.038 0.211
201902 0.152 252.776 0.202
201905 0.153 256.092 0.200
201908 0.155 256.558 0.202
201911 0.150 257.208 0.195
202002 0.151 258.678 0.196
202005 0.111 256.394 0.145
202008 0.108 259.918 0.139
202011 0.104 260.229 0.134
202102 0.101 263.014 0.129
202105 0.100 269.195 0.124
202108 0.098 273.567 0.120
202111 0.098 277.948 0.118
202202 0.089 283.716 0.105
202205 0.088 292.296 0.101
202208 0.087 296.171 0.098
202211 0.085 297.711 0.096
202302 0.087 300.840 0.097
202305 0.086 304.127 0.095
202308 0.085 307.026 0.093
202311 0.082 307.051 0.089
202402 0.081 310.326 0.087
202405 0.083 314.069 0.089
202408 0.085 314.796 0.090
202411 0.096 315.493 0.102
202502 0.095 319.082 0.100
202505 0.095 321.465 0.099
202508 0.094 323.976 0.097
202511 0.076 324.122 0.079
202602 0.083 326.785 0.085
202605 0.082 335.123 0.082

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 0.48 mean?
Duty Free International (SGX:5SO) has a Cyclically Adjusted PB Ratio of 0.48 as of Sep. 01, 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 Duty Free International and its competitors. This is 21% below median its historical median of 0.61. Over the past decade, Duty Free International's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.21. According to the industry distribution chart, Duty Free International ranks #168 out of 756 companies in the Retail - Cyclical industry, placing it in the top 22.2%.
Is Duty Free International's Cyclically Adjusted PB Ratio too high?
Duty Free International's current Cyclically Adjusted PB Ratio of 0.48 is 21% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.21. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Duty Free International's value of 0.48 is 61.3% below this industry median. Based on the distribution chart, Duty Free International ranks #168 out of 756 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers.
How does Duty Free International's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Duty Free International ranks #168 out of 756 companies for Cyclically Adjusted PB Ratio. This places Duty Free International in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Duty Free International's value of 0.48 is 61.3% below this benchmark. Historically, Duty Free International's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.21 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.24, Duty Free International 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 756 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. Duty Free International's current Cyclically Adjusted PB Ratio of 0.48 is 61.3% 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 Duty Free International and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Duty Free International's current Cyclically Adjusted PB Ratio is 0.48, which is 21% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duty Free International stock overvalued right now?
Based on GuruFocus' analysis, Duty Free International (SGX:5SO) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.07 — trading 48.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 21% below median its 10-year median of 0.61 and 61.3% below the Retail - Cyclical industry median of 1.24. 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 Duty Free International (SGX:5SO), the current Cyclically Adjusted PB Ratio is 0.48 as of Sep. 01, 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.

Duty Free International Business Description

Address 138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538
Duty Free International Ltd is a diversified group engaged in the operations of duty-free retail businesses and the manufacture of automotive component parts. Its segments include Trading of duty free goods and non-dutiable merchandise includes revenues from sale of goods, Manufacturing and supplying of automotive component parts includes revenues from sale of goods, and Investment holding and others includes revenues from sale of oil palm fresh fruit bunches. The majority of revenue is derived from Trading of duty free goods and non-dutiable merchandise segment. Beyond its core businesses, DFI also owns the Black Forest Golf and Country Club and oil palm plantation assets. The activities of the company are carried out mainly in Malaysia.