TT International (SGX:T09) Cyclically Adjusted PB Ratio: (As of Sep. 06, 2026)

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What is TT International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TT International  (SGX:T09) 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.


TT International Cyclically Adjusted PB Ratio Related Terms


TT International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TT International'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.

TT International Cyclically Adjusted PB Ratio Chart

TT International Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TT International Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 0.00 0.00 0.00

SGX:T09 vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, TT International'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.


TT International Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TT International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TT International 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.

TT International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, TT International's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.304/324.8000*324.8000
=-0.304

Current CPI (Sep. 2025) = 324.8000.

TT International Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.030 236.525 0.041
201603 0.029 238.132 0.040
201606 0.025 241.018 0.034
201609 0.020 241.428 0.027
201612 0.010 241.432 0.013
201703 -0.023 243.801 -0.031
201706 -0.032 244.955 -0.042
201709 -0.044 246.819 -0.058
201712 -0.054 246.524 -0.071
201803 -0.221 249.554 -0.288
201806 -0.228 251.989 -0.294
201809 -0.236 252.439 -0.304
201812 -0.240 251.233 -0.310
201903 -0.218 254.202 -0.279
201906 -0.228 256.143 -0.289
201909 -0.238 256.759 -0.301
201912 -0.248 256.974 -0.313
202003 -0.268 258.115 -0.337
202006 -0.264 257.797 -0.333
202009 -0.268 260.280 -0.334
202012 -0.271 260.474 -0.338
202103 -0.309 264.877 -0.379
202106 -0.309 271.696 -0.369
202109 -0.312 274.310 -0.369
202112 -0.298 278.802 -0.347
202203 -0.318 287.504 -0.359
202206 -0.293 296.311 -0.321
202209 -0.292 296.808 -0.320
202212 -0.294 296.797 -0.322
202303 -0.288 301.836 -0.310
202306 -0.286 305.109 -0.304
202309 -0.287 307.789 -0.303
202312 -0.287 306.746 -0.304
202403 -0.298 312.332 -0.310
202406 0.000 314.175 0.000
202409 0.000 315.301 0.000
202412 -0.300 315.605 -0.309
202503 -0.302 319.799 -0.307
202506 -0.303 322.561 -0.305
202509 -0.304 324.800 -0.304

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.


TT International Business Description

Address 10 Toh Guan Road, No 05-01, Singapore, SGP, 608838
TT International Ltd is engaged in retailing, distributing, and trading consumer electronics and furniture, electrical, and furnishing products. The company's operating segment includes Retail; Distribution and trading; Warehousing and logistics services and Others. Geographically, it derives a majority of its revenue from the Association of Southeast Asian Nations and also has a presence in East Asia, as well as Africa and the Middle East. The company generates the majority of its revenue from the Retail segment, which is engaged in the sale of consumer products to its retail customers through its retail outlets.