IHH Healthcare Bhd (SGX:Q0F) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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
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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:Q0F IHH Healthcare Bhd SGX:Q0F
100 GF Score
Price S$2.36
GF Value S$2.71
Valuation Modestly Undervalued
! 5 Warning Signs
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What is IHH Healthcare Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IHH Healthcare Bhd  (SGX:Q0F) 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.


IHH Healthcare Bhd Cyclically Adjusted PB Ratio Related Terms


IHH Healthcare Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IHH Healthcare Bhd'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.

IHH Healthcare Bhd Cyclically Adjusted PB Ratio Chart

IHH Healthcare Bhd 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 2.03 1.67 1.50 1.88 2.27

IHH Healthcare Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 1.74 1.93 2.29 2.39 2.25

SGX:Q0F vs HCA, THC, EHC: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, IHH Healthcare Bhd'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.


IHH Healthcare Bhd Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, IHH Healthcare Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:Q0F
100GF Score
IHH Healthcare Bhd SGX:Q0F
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IHH Healthcare Bhd 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.

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

For example, IHH Healthcare Bhd'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)
=1.263/333.9520*333.9520
=1.263

Current CPI (Jun. 2026) = 333.9520.

IHH Healthcare Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.964 241.428 1.333
201612 0.935 241.432 1.293
201703 0.932 243.801 1.277
201706 0.946 244.955 1.290
201709 0.952 246.819 1.288
201712 0.952 246.524 1.290
201803 0.952 249.554 1.274
201806 0.936 251.989 1.240
201809 0.905 252.439 1.197
201812 0.991 251.233 1.317
201903 0.979 254.202 1.286
201906 0.977 256.143 1.274
201909 0.986 256.759 1.282
201912 0.972 256.974 1.263
202003 0.937 258.115 1.212
202006 0.917 257.797 1.188
202009 0.917 260.280 1.177
202012 0.931 260.474 1.194
202103 0.919 264.877 1.159
202106 0.932 271.696 1.146
202109 0.944 274.310 1.149
202112 0.924 278.802 1.107
202203 0.916 287.504 1.064
202206 1.034 296.311 1.165
202209 1.031 296.808 1.160
202212 1.008 296.797 1.134
202303 1.059 301.836 1.172
202306 1.018 305.109 1.114
202309 1.031 307.789 1.119
202312 1.055 306.746 1.149
202403 1.069 312.332 1.143
202406 1.100 314.175 1.169
202409 1.112 315.301 1.178
202412 1.174 315.605 1.242
202503 1.167 319.799 1.219
202506 1.172 322.561 1.213
202509 1.186 324.800 1.219
202512 1.223 324.054 1.260
202603 1.206 330.213 1.220
202606 1.263 333.952 1.263

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 IHH Healthcare Bhd (SGX:Q0F) Overvalued in 2026?

Based on GuruFocus' analysis, IHH Healthcare Bhd stock appears to be undervalued. The current stock price of S$2.36 is trading 12.9% below its estimated GF Value™ of S$2.71. GuruFocus considers IHH Healthcare Bhd to be Modestly Undervalued.

Key valuation signals for SGX:Q0F:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: S$2.71 vs. price of S$2.36 (12.9% below fair value)
  • GF Score™: 100/100 with 5 warning signs

No single metric tells the full story. See the SGX:Q0F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IHH Healthcare Bhd Business Description

Other Exchanges IHHHF:USA5225:Malaysia
Address 3 Jalan Bangsar, Level 35, Mercu Aspire, KL Eco City, Wilayah Persekutuan, Kuala Lumpur, MYS, 59200
IHH Healthcare Bhd is an investment holding company. Through its subsidiaries, it is a healthcare services provider that operates a network of hospitals. It also provides ancillary services, which include diagnostic laboratories, imaging centers, ambulatory care, and medical education facilities. The company's reportable segments include Healthcare services, Laboratories services, and Management fees. The majority of its revenue is generated from the Healthcare services segment, which relates to contracts with patients in which performance obligations are to provide healthcare services. Geographically, the company derives maximum revenue from Turkiye and Europe, followed by Singapore, Malaysia, India, Greater China, and Others.
100GF Score

Get the complete analysis for SGX:Q0F

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

S$2.36
Price
S$2.71
GF Value