SATS (SGX:S58) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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.
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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:S58 SATS Ltd SGX:S58
89 GF Score
Price S$3.81
GF Value S$4.16
Valuation Fairly Valued
! 5 Warning Signs
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What is SATS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SATS  (SGX:S58) 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.


SATS Cyclically Adjusted PB Ratio Related Terms


SATS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SATS'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.

SATS Cyclically Adjusted PB Ratio Chart

SATS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.52 1.63 1.46 1.68 1.85

SATS Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.48 2.03 1.71 1.84 1.87

SGX:S58 vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, SATS'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.


SATS Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, SATS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:S58
89GF Score
SATS Ltd SGX:S58
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SATS 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.

SATS's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, SATS's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1.988/330.2130*330.2130
=1.988

Current CPI (Mar26) = 330.2130.

SATS Annual Data

Book Value per Share CPI Adj_Book
201703 1.435 243.801 1.944
201803 1.497 249.554 1.981
201903 1.542 254.202 2.003
202003 1.527 258.115 1.954
202103 1.435 264.877 1.789
202203 1.545 287.504 1.775
202303 1.691 301.836 1.850
202403 1.717 312.332 1.815
202503 1.864 319.799 1.925
202603 1.988 330.213 1.988

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 SATS (SGX:S58) Overvalued in 2026?

Based on GuruFocus' analysis, SATS stock appears to be undervalued. The current stock price of S$3.81 is trading 8.4% below its estimated GF Value™ of S$4.16. GuruFocus considers SATS to be Fairly Valued.

Key valuation signals for SGX:S58:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: S$4.16 vs. price of S$3.81 (8.4% below fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the SGX:S58 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SATS Business Description

Address 20 Airport Boulevard, SATS Inflight Catering Centre 1, Singapore, SGP, 819659
SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.
89GF Score

Get the complete analysis for SGX:S58

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

S$3.81
Price
S$4.16
GF Value