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Keppel Infrastructure Trust (SGX:A7RU) Cyclically Adjusted PB Ratio : 1.33 (As of Sep. 21, 2024)


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What is Keppel Infrastructure Trust Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Keppel Infrastructure Trust's current share price is S$0.465. Keppel Infrastructure Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was S$0.35. Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio for today is 1.33.

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

SGX:A7RU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 1.7   Max: 1.94
Current: 1.31

During the past years, Keppel Infrastructure Trust's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 1.27. And the median was 1.70.

SGX:A7RU's Cyclically Adjusted PB Ratio is ranked better than
57.55% of 973 companies
in the Chemicals industry
Industry Median: 1.53 vs SGX:A7RU: 1.31

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.

Keppel Infrastructure Trust's adjusted book value per share data for the three months ended in Jun. 2024 was S$0.253. 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$0.35 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keppel Infrastructure Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Keppel Infrastructure Trust'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.

* Premium members only.

Keppel Infrastructure Trust Cyclically Adjusted PB Ratio Chart

Keppel Infrastructure Trust Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 1.80 1.71 1.61 1.45

Keppel Infrastructure Trust Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
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 1.61 1.49 1.35 1.45 1.34

Competitive Comparison of Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Keppel Infrastructure Trust'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.


Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio falls into.



Keppel Infrastructure Trust 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.

Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.465/0.35
=1.33

* 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.

Keppel Infrastructure Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Keppel Infrastructure Trust's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.253/132.5538*132.5538
=0.253

Current CPI (Jun. 2024) = 132.5538.

Keppel Infrastructure Trust Quarterly Data

Book Value per Share CPI Adj_Book
201303 0.229 98.209 0.309
201306 0.224 98.518 0.301
201309 0.242 98.790 0.325
201312 0.243 98.326 0.328
201403 0.228 99.695 0.303
201406 0.201 100.560 0.265
201409 0.187 100.428 0.247
201412 0.142 99.070 0.190
201503 0.120 99.621 0.160
201506 0.356 100.684 0.469
201509 0.352 100.392 0.465
201512 0.346 99.792 0.460
201603 0.331 100.470 0.437
201606 0.319 101.688 0.416
201609 0.310 101.861 0.403
201612 0.320 101.863 0.416
201703 0.314 102.862 0.405
201706 0.302 103.349 0.387
201709 0.298 104.136 0.379
201712 0.294 104.011 0.375
201803 0.291 105.290 0.366
201806 0.283 106.317 0.353
201809 0.274 106.507 0.341
201812 0.268 105.998 0.335
201903 0.278 107.251 0.344
201906 0.341 108.070 0.418
201909 0.327 108.329 0.400
201912 0.323 108.420 0.395
202003 0.314 108.902 0.382
202006 0.306 108.767 0.373
202012 0.287 109.897 0.346
202106 0.341 114.631 0.394
202112 0.341 117.630 0.384
202206 0.335 125.017 0.355
202209 0.000 125.227 0.000
202212 0.311 125.222 0.329
202306 0.305 128.729 0.314
202309 0.304 129.860 0.310
202312 0.265 129.419 0.271
202406 0.253 132.554 0.253

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.


Keppel Infrastructure Trust  (SGX:A7RU) 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.


Keppel Infrastructure Trust Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Keppel Infrastructure Trust's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Keppel Infrastructure Trust Business Description

Traded in Other Exchanges
N/A
Address
1 HarbourFront Avenue, Level 2, No. 18-01 Keppel Bay Tower, Singapore, SGP, 098632
Keppel Infrastructure Trust is a diversified business trust. The reportable segments of the company are, 1) Energy Transition segment includes the production and retailing of town gas and retailing of natural gas in Singapore, tolling arrangement for the power plant, leasing of gas pipelines, sale of electricity produced by wind turbines; 2) Environmental Services segment includes concessions in relation to the desalination plant, water treatment plant, recycling and waste-to-energy plants in Singapore and South Korea; 3) Distribution and Storage segment includes supply and distributing water treatment chemicals, industrial and specialty chemicals and storage of petroleum products; and 4) Corporate segment which includes investment holding, asset management and business development.

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