Comba Telecom Systems Holdings (SGX:STC) Cyclically Adjusted PB Ratio: 1.29 (As of Aug. 12, 2026) — 34% Above Median

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SGX:STC Comba Telecom Systems Holdings Ltd SGX:STC
47 GF Score
Price S$0.22
GF Value S$0.23
! 3 Warning Signs
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What is Comba Telecom Systems Holdings Cyclically Adjusted PB Ratio?

Comba Telecom Systems Holdings SGX:STC 47 Cyclically Adjusted PB Ratio is 1.29 as of Aug. 12, 2026, which is 34% above its 10-year median of 0.96. GuruFocus rates SGX:STC with a GF Score™ of 47/100 and a GF Value™ of S$0.23. The stock has 3 warning signs investors should review. Among 1,965 Hardware companies, Comba Telecom Systems Holdings ranks better than 84.94% on this metric.

As of today (2026-08-12), Comba Telecom Systems Holdings's current share price is S$0.22. Comba Telecom Systems Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was S$0.17. Comba Telecom Systems Holdings's Cyclically Adjusted PB Ratio for today is 1.29.

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

SGX:STC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.96   Max: 2.36
Current: 0.58

During the past 13 years, Comba Telecom Systems Holdings's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 0.31. And the median was 0.96.

SGX:STC's Cyclically Adjusted PB Ratio is ranked better than
84.94% of 1965 companies
in the Hardware industry
Industry Median: 2.07 vs SGX:STC: 0.58

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.

Comba Telecom Systems Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was S$0.170. 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$0.17 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comba Telecom Systems Holdings  (SGX:STC) 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.


Comba Telecom Systems Holdings Cyclically Adjusted PB Ratio Related Terms


Comba Telecom Systems Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Comba Telecom Systems 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.

Comba Telecom Systems Holdings Cyclically Adjusted PB Ratio Chart

Comba Telecom Systems 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 1.13 0.86 0.53 0.79 1.72

Comba Telecom Systems Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.53 0.00 0.79 0.00 1.72

SGX:STC vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Comba Telecom Systems 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.


Comba Telecom Systems Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Comba Telecom Systems Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:STC
47GF Score
Comba Telecom Systems Holdings Ltd SGX:STC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Comba Telecom Systems 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.

Comba Telecom Systems Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.22/0.17
=1.29

* 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.

Comba Telecom Systems Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Comba Telecom Systems 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)
=0.17/120.7036*120.7036
=0.170

Current CPI (Dec25) = 120.7036.

Comba Telecom Systems Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.260 103.225 0.304
201712 0.265 104.984 0.305
201812 0.239 107.622 0.268
201912 0.244 110.700 0.266
202012 0.258 109.711 0.284
202112 0.239 112.349 0.257
202212 0.222 114.548 0.234
202312 0.208 117.296 0.214
202412 0.168 118.945 0.170
202512 0.170 120.704 0.170

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 1.29 mean?
Comba Telecom Systems Holdings (SGX:STC) has a Cyclically Adjusted PB Ratio of 1.29 as of Aug. 12, 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 Comba Telecom Systems Holdings and its competitors. This is 34% above median its historical median of 0.96. Over the past decade, Comba Telecom Systems Holdings' Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.36. According to the industry distribution chart, Comba Telecom Systems Holdings ranks #296 out of 1965 companies in the Hardware industry, placing it in the top 15.1%.
Is Comba Telecom Systems Holdings' Cyclically Adjusted PB Ratio too high?
Comba Telecom Systems Holdings' current Cyclically Adjusted PB Ratio of 1.29 is 34% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.36. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. Comba Telecom Systems Holdings' value of 1.29 is 37.7% below this industry median. Based on the distribution chart, Comba Telecom Systems Holdings ranks #296 out of 1965 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Comba Telecom Systems Holdings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Comba Telecom Systems Holdings' Cyclically Adjusted PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Comba Telecom Systems Holdings ranks #296 out of 1965 companies for Cyclically Adjusted PB Ratio. This places Comba Telecom Systems Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.07. Comba Telecom Systems Holdings' value of 1.29 is 37.7% below this benchmark. Historically, Comba Telecom Systems Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.36 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 2.07, Comba Telecom Systems Holdings has consistently been below 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.07, based on 1,965 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. Comba Telecom Systems Holdings's current Cyclically Adjusted PB Ratio of 1.29 is 37.7% below 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 Comba Telecom Systems Holdings and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comba Telecom Systems Holdings's current Cyclically Adjusted PB Ratio is 1.29, which is 34% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comba Telecom Systems Holdings stock overvalued right now?
Comba Telecom Systems Holdings (SGX:STC) has a current Cyclically Adjusted PB Ratio of 1.29. The stock's GF Value™ is S$0.23, compared to a current price of S$0.22 — trading 4.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.29, which is 34% above median its 10-year median of 0.96 and 37.7% below the Hardware industry median of 2.07. Comba Telecom Systems Holdings' overall GF Score™ is 47/100 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 Comba Telecom Systems Holdings (SGX:STC), the current Cyclically Adjusted PB Ratio is 1.29 as of Aug. 12, 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 Comba Telecom Systems Holdings (SGX:STC) Overvalued in 2026?

Based on GuruFocus' analysis, Comba Telecom Systems Holdings stock appears to be undervalued. The current stock price of S$0.22 is trading 4.3% below its estimated GF Value™ of S$0.23.

Key valuation signals for SGX:STC:

  • Cyclically Adjusted PB Ratio: 1.29 (34% above median its 10-year median of 0.96)
  • GF Value™: S$0.23 vs. price of S$0.22 (4.3% below fair value)
  • GF Score™: 47/100 with 3 warning signs
  • Industry Position: 37.7% below the Hardware median (#296 of 1965)

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


Comba Telecom Systems Holdings Business Description

Address Hong Kong Science Park, Unit 611, Building 8W, Pak Shek Kok, New Territories, Hong Kong, HKG
Comba Telecom Systems Holdings Ltd is an investment holding company. It operates in two segments: Wireless telecommunications network system equipment & services, and Operator telecommunication services. Its solutions include Antenna Site, In-Vehicle Broadband, Indoor Coverage Enhancement, Large Venue Coverage, LTE Upgrade, Railway/Tunnel Coverage, Wireless Backhaul, and Small Cell. It serves various industries such as airports, Education, Government and Public, Hospitality, stadiums, Transportation, and others. The company generates maximum revenue from the Wireless telecommunications network system equipment & services segment. Its geographical segments are Mainland China, Other countries/areas in the Asia Pacific, Americas, European Union, Middle East, and Other countries.
47GF Score

Get the complete analysis for SGX:STC

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

S$0.22
Price
S$0.23
GF Value