PropNex (SGX:OYY) Cyclically Adjusted PB Ratio: 13.77 (As of Aug. 31, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:OYY PropNex Ltd SGX:OYY
97 GF Score
Price S$1.79
GF Value S$1.49
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is PropNex Cyclically Adjusted PB Ratio?

PropNex SGX:OYY +1.13% 97 Cyclically Adjusted PB Ratio is 13.77 as of Aug. 31, 2026, which is at its 10-year median of 13.77. GuruFocus rates SGX:OYY with a GF Score™ of 97/100 and a GF Value™ of S$1.49 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,301 Real Estate companies, PropNex ranks worse than 99.31% on this metric.

As of today (2026-08-31), PropNex's current share price is S$1.79. PropNex's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was S$0.13. PropNex's Cyclically Adjusted PB Ratio for today is 13.77.

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

SGX:OYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.55   Med: 13.77   Max: 23.55
Current: 13.83

During the past 11 years, PropNex's highest Cyclically Adjusted PB Ratio was 23.55. The lowest was 8.55. And the median was 13.77.

SGX:OYY's Cyclically Adjusted PB Ratio is ranked worse than
99.31% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs SGX:OYY: 13.83

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.

PropNex's adjusted book value per share data of for the fiscal year that ended in Dec25 was S$0.157. 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$0.13 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PropNex  (SGX:OYY) 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.


PropNex Cyclically Adjusted PB Ratio Related Terms


PropNex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PropNex'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.

PropNex Cyclically Adjusted PB Ratio Chart

PropNex 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 8.41 14.53

PropNex 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 0.00 8.41 0.00 14.53 0.00

SGX:OYY vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, PropNex'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.


PropNex Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PropNex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:OYY
97GF Score
PropNex Ltd SGX:OYY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PropNex 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.

PropNex's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.79/0.13
=13.77

* 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.

PropNex's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PropNex'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)
=0.157/324.0540*324.0540
=0.157

Current CPI (Dec25) = 324.0540.

PropNex Annual Data

Book Value per Share CPI Adj_Book
201612 0.016 241.432 0.021
201712 0.024 246.524 0.032
201812 0.090 251.233 0.116
201912 0.094 256.974 0.119
202012 0.114 260.474 0.142
202112 0.148 278.802 0.172
202212 0.170 296.797 0.186
202312 0.169 306.746 0.179
202412 0.167 315.605 0.171
202512 0.157 324.054 0.157

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 13.77 mean?
PropNex (SGX:OYY) has a Cyclically Adjusted PB Ratio of 13.77 as of Aug. 31, 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 PropNex and its competitors. This is near median its historical median of 13.77. Over the past decade, PropNex's Cyclically Adjusted PB Ratio has ranged from 8.55 to 23.55. According to the industry distribution chart, PropNex ranks #1292 out of 1301 companies in the Real Estate industry, placing it in the top 99.3%.
Is PropNex's Cyclically Adjusted PB Ratio too high?
PropNex's current Cyclically Adjusted PB Ratio of 13.77 is near median its 10-year median of 13.77. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 23.55. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. PropNex's value of 13.77 is 1955.2% above this industry median. Based on the distribution chart, PropNex ranks #1292 out of 1301 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PropNex has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PropNex's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PropNex ranks #1292 out of 1301 companies for Cyclically Adjusted PB Ratio. This places PropNex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. PropNex's value of 13.77 is 1955.2% above this benchmark. Historically, PropNex's own Cyclically Adjusted PB Ratio has ranged from 8.55 to 23.55 over the past decade. While the company's 10-year median is 13.77 vs. the industry median of 0.67, PropNex has consistently been above 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. PropNex's current Cyclically Adjusted PB Ratio of 13.77 is 1955.2% above 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 PropNex and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PropNex's current Cyclically Adjusted PB Ratio is 13.77, which is near median its own 10-year median of 13.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PropNex stock overvalued right now?
Based on GuruFocus' analysis, PropNex (SGX:OYY) is currently considered Modestly Overvalued. The stock's GF Value™ is S$1.49, compared to a current price of S$1.79 — trading 20.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.77, which is near median its 10-year median of 13.77 and 1955.2% above the Real Estate industry median of 0.67. PropNex's overall GF Score™ is 97/100 with 3 warning signs to review. 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 PropNex (SGX:OYY), the current Cyclically Adjusted PB Ratio is 13.77 as of Aug. 31, 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.

Is PropNex (SGX:OYY) Overvalued in 2026?

Based on GuruFocus' analysis, PropNex stock appears to be overvalued. The current stock price of S$1.79 is trading 20.1% above its estimated GF Value™ of S$1.49. GuruFocus considers PropNex to be Modestly Overvalued.

Key valuation signals for SGX:OYY:

  • Cyclically Adjusted PB Ratio: 13.77 (near median its 10-year median of 13.77)
  • GF Value™: S$1.49 vs. price of S$1.79 (20.1% above fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 1955.2% above the Real Estate median (#1292 of 1301)

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


PropNex Business Description

Address 480 Lorong 6 Toa Payoh, HDB HUB East Wing No. 10-01, Singapore, SGP, 310480
PropNex Ltd is a real estate service provider that offers real estate brokerage services for residential corporate leasing, luxury properties, commercial & industrial properties. It operates in the following segments: Agency services which derive majority revenue engaging in the sale and lease of public and private residential and commercial/industrial properties; Project marketing services include services rendered in the sale of new private residential development projects for third-party property developers; Administrative support services related to use of space and other ancillary services. Training services include real estate related courses and training programs.
97GF Score

Get the complete analysis for SGX:OYY

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

S$1.79
Price
S$1.49
GF Value