New Toyo International Holdings (SGX:N08) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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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.

SGX:N08 New Toyo International Holdings Ltd SGX:N08
46 GF Score
Price S$0.20
GF Value S$0.22
Valuation Fairly Valued
! 6 Warning Signs
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What is New Toyo International Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


New Toyo International Holdings  (SGX:N08) 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.


New Toyo International Holdings Cyclically Adjusted PB Ratio Related Terms


New Toyo International Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for New Toyo International 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.

New Toyo International Holdings Cyclically Adjusted PB Ratio Chart

New Toyo International 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 0.39 0.40 0.41 0.47 0.46

New Toyo International Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.49 0.47 0.47 0.46 0.38

SGX:N08 vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, New Toyo International 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.


New Toyo International Holdings Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, New Toyo International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:N08
46GF Score
New Toyo International Holdings Ltd SGX:N08
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Toyo International 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.

New Toyo International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, New Toyo International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.408/324.0540*324.0540
=0.408

Current CPI (Dec25) = 324.0540.

New Toyo International Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.532 241.432 0.714
201712 0.496 246.524 0.652
201812 0.483 251.233 0.623
201912 0.426 256.974 0.537
202012 0.421 260.474 0.524
202112 0.427 278.802 0.496
202212 0.416 296.797 0.454
202312 0.419 306.746 0.443
202412 0.432 315.605 0.444
202512 0.408 324.054 0.408

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 New Toyo International Holdings (SGX:N08) Overvalued in 2026?

Based on GuruFocus' analysis, New Toyo International Holdings stock appears to be undervalued. The current stock price of S$0.20 is trading 9.1% below its estimated GF Value™ of S$0.22. GuruFocus considers New Toyo International Holdings to be Fairly Valued.

Key valuation signals for SGX:N08:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: S$0.22 vs. price of S$0.20 (9.1% below fair value)
  • GF Score™: 46/100 with 6 warning signs

No single metric tells the full story. See the SGX:N08 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Toyo International Holdings Business Description

Address 10 Anson Road, No. 18-25 International Plaza, Singapore, SGP, 079903
New Toyo International Holdings Ltd is an investment holding company. Its business segments include: i) Specialty papers: The manufacture and sale of coated, printed and laminated paper products and other packaging products. ii) Printed cartons and labels: The printing and sale of paper packaging materials. iii) Trading: The sale of raw materials, paper products equipment and tissue paper related products. iv) Food and beverages: The operation and management of restaurants. v) Investment holding: Investing activities, including investment in investment properties. The majority of the company's revenue is derived from the Trading segment. Geographically, it has a presence in Hong Kong, Vietnam, Malaysia, Indonesia, Singapore, and Dubai, with the maximum revenue generated from Hong Kong.
46GF Score

Get the complete analysis for SGX:N08

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

S$0.20
Price
S$0.22
GF Value