Riverstone Holdings (SGX:AP4) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SGX:AP4 Riverstone Holdings Ltd SGX:AP4
62 GF Score
Price S$0.86
GF Value S$0.87
Valuation Fairly Valued
! 7 Warning Signs
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What is Riverstone Holdings 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


Riverstone Holdings  (SGX:AP4) 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.


Riverstone Holdings Cyclically Adjusted PB Ratio Related Terms


Riverstone Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Riverstone 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.

Riverstone Holdings Cyclically Adjusted PB Ratio Chart

Riverstone 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 4.56 3.23 3.18 4.35 3.14

Riverstone Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 3.58 2.52 2.62 3.14 0.00

SGX:AP4 vs ISRG, BDX, MDLN: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Riverstone 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.


Riverstone Holdings Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Riverstone Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:AP4
62GF Score
Riverstone Holdings Ltd SGX:AP4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riverstone 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.

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

For example, Riverstone 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)
=0.309/333.9520*333.9520
=0.309

Current CPI (Jun. 2026) = 333.9520.

Riverstone Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.101 237.945 0.142
201512 0.107 236.525 0.151
201603 0.114 238.132 0.160
201606 0.110 241.018 0.152
201609 0.117 241.428 0.162
201612 0.121 241.432 0.167
201703 0.126 243.801 0.173
201706 0.126 244.955 0.172
201709 0.132 246.819 0.179
201712 0.141 246.524 0.191
201803 0.150 249.554 0.201
201806 0.148 251.989 0.196
201809 0.153 252.439 0.202
201812 0.157 251.233 0.209
201903 0.166 254.202 0.218
201906 0.162 256.143 0.211
201909 0.171 256.759 0.222
201912 0.174 256.974 0.226
202006 0.195 257.797 0.253
202012 0.301 260.474 0.386
202106 0.458 271.696 0.563
202109 0.000 274.310 0.000
202112 0.509 278.802 0.610
202203 0.000 287.504 0.000
202206 0.422 296.311 0.476
202209 0.431 296.808 0.485
202212 0.383 296.797 0.431
202303 0.362 301.836 0.401
202306 0.334 305.109 0.366
202309 0.345 307.789 0.374
202312 0.324 306.746 0.353
202403 0.337 312.332 0.360
202406 0.306 314.175 0.325
202409 0.331 315.301 0.351
202412 0.322 315.605 0.341
202503 0.332 319.799 0.347
202506 0.297 322.561 0.307
202509 0.310 324.800 0.319
202512 0.314 324.054 0.324
202606 0.309 333.952 0.309

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.

Is Riverstone Holdings (SGX:AP4) Overvalued in 2026?

Based on GuruFocus' analysis, Riverstone Holdings stock appears to be undervalued. The current stock price of S$0.86 is trading 1.7% below its estimated GF Value™ of S$0.87. GuruFocus considers Riverstone Holdings to be Fairly Valued.

Key valuation signals for SGX:AP4:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: S$0.87 vs. price of S$0.86 (1.7% below fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the SGX:AP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riverstone Holdings Business Description

Address 362 Upper Paya Lebar Road, No. 03-14 Da Jin Factory Building, Singapore, SGP, 534963
Riverstone Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacture and sales of gloves and non-glove consumables such as finger cots, static shielding bags, face masks, wipers, and packaging materials. The group's products are widely qualified and used in the Hard Disk Drive, and semiconductor industries. It operates in three segments based on its geography: Malaysia, Thailand, China, Singapore, and Others, of which the majority of its revenue comes from Malaysia.
62GF Score

Get the complete analysis for SGX:AP4

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.86
Price
S$0.87
GF Value