TSH Resources Bhd (SGX:TSH) Cyclically Adjusted PB Ratio: 0.84 (As of Sep. 01, 2026) — Near Median

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SGX:TSH TSH Resources Bhd SGX:TSH
40 GF Score
Price S$0.39
GF Value S$0.34
Valuation Modestly Overvalued
! 5 Warning Signs
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What is TSH Resources Bhd Cyclically Adjusted PB Ratio?

TSH Resources Bhd SGX:TSH 40 Cyclically Adjusted PB Ratio is 0.84 as of Sep. 01, 2026, which is 7% below its 10-year median of 0.90. GuruFocus rates SGX:TSH with a GF Score™ of 40/100 and a GF Value™ of S$0.34 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,267 Consumer Packaged Goods companies, TSH Resources Bhd ranks better than 62.35% on this metric.

As of today (2026-09-01), TSH Resources Bhd's current share price is S$0.385. TSH Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was S$0.46. TSH Resources Bhd's Cyclically Adjusted PB Ratio for today is 0.84.

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

SGX:TSH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.9   Max: 1.65
Current: 0.92

During the past years, TSH Resources Bhd's highest Cyclically Adjusted PB Ratio was 1.65. The lowest was 0.68. And the median was 0.90.

SGX:TSH's Cyclically Adjusted PB Ratio is ranked better than
62.35% of 1267 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs SGX:TSH: 0.92

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.

TSH Resources Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was S$0.460. 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$0.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TSH Resources Bhd  (SGX:TSH) 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.


TSH Resources Bhd Cyclically Adjusted PB Ratio Related Terms


TSH Resources Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TSH Resources 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.

TSH Resources Bhd Cyclically Adjusted PB Ratio Chart

TSH Resources 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 1.01 0.90 0.77 0.93 0.87

TSH Resources 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 0.80 0.81 0.87 0.97 0.80

SGX:TSH vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, TSH Resources 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.


TSH Resources Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, TSH Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:TSH
40GF Score
TSH Resources Bhd SGX:TSH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH Resources 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.

TSH Resources Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.385/0.46
=0.84

* 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.

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

For example, TSH Resources 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)
=0.46/333.9520*333.9520
=0.460

Current CPI (Jun. 2026) = 333.9520.

TSH Resources Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.353 241.428 0.488
201612 0.348 241.432 0.481
201703 0.357 243.801 0.489
201706 0.361 244.955 0.492
201709 0.357 246.819 0.483
201712 0.338 246.524 0.458
201803 0.316 249.554 0.423
201806 0.313 251.989 0.415
201809 0.303 252.439 0.401
201812 0.327 251.233 0.435
201903 0.331 254.202 0.435
201906 0.333 256.143 0.434
201909 0.340 256.759 0.442
201912 0.341 256.974 0.443
202003 0.302 258.115 0.391
202006 0.353 257.797 0.457
202009 0.330 260.280 0.423
202012 0.346 260.474 0.444
202103 0.348 264.877 0.439
202106 0.349 271.696 0.429
202109 0.369 274.310 0.449
202112 0.385 278.802 0.461
202203 0.409 287.504 0.475
202206 0.405 296.311 0.456
202209 0.469 296.808 0.528
202212 0.422 296.797 0.475
202303 0.434 301.836 0.480
202306 0.440 305.109 0.482
202309 0.432 307.789 0.469
202312 0.424 306.746 0.462
202403 0.426 312.332 0.455
202406 0.418 314.175 0.444
202409 0.432 315.301 0.458
202412 0.444 315.605 0.470
202503 0.444 319.799 0.464
202506 0.449 322.561 0.465
202509 0.461 324.800 0.474
202512 0.475 324.054 0.490
202603 0.485 330.213 0.490
202606 0.460 333.952 0.460

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 0.84 mean?
TSH Resources Bhd (SGX:TSH) has a Cyclically Adjusted PB Ratio of 0.84 as of Sep. 01, 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 TSH Resources Bhd and its competitors. This is near median its historical median of 0.90. Over the past decade, TSH Resources Bhd's Cyclically Adjusted PB Ratio has ranged from 0.68 to 1.65. According to the industry distribution chart, TSH Resources Bhd ranks #477 out of 1267 companies in the Consumer Packaged Goods industry, placing it in the top 37.6%.
Is TSH Resources Bhd's Cyclically Adjusted PB Ratio too high?
TSH Resources Bhd's current Cyclically Adjusted PB Ratio of 0.84 is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.65. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. TSH Resources Bhd's value of 0.84 is 33.3% below this industry median. Based on the distribution chart, TSH Resources Bhd ranks #477 out of 1267 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, TSH Resources Bhd has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSH Resources Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TSH Resources Bhd ranks #477 out of 1267 companies for Cyclically Adjusted PB Ratio. This puts TSH Resources Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. TSH Resources Bhd's value of 0.84 is 33.3% below this benchmark. Historically, TSH Resources Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 1.65 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 1.26, TSH Resources Bhd 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,267 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. TSH Resources Bhd's current Cyclically Adjusted PB Ratio of 0.84 is 33.3% 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 TSH Resources Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH Resources Bhd's current Cyclically Adjusted PB Ratio is 0.84, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, TSH Resources Bhd (SGX:TSH) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.34, compared to a current price of S$0.39 — trading 13.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is near median its 10-year median of 0.90 and 33.3% below the Consumer Packaged Goods industry median of 1.26. TSH Resources Bhd's overall GF Score™ is 40/100 with 5 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 TSH Resources Bhd (SGX:TSH), the current Cyclically Adjusted PB Ratio is 0.84 as of Sep. 01, 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 TSH Resources Bhd (SGX:TSH) Overvalued in 2026?

Based on GuruFocus' analysis, TSH Resources Bhd stock appears to be overvalued. The current stock price of S$0.39 is trading 13.2% above its estimated GF Value™ of S$0.34. GuruFocus considers TSH Resources Bhd to be Modestly Overvalued.

Key valuation signals for SGX:TSH:

  • Cyclically Adjusted PB Ratio: 0.84 (near median its 10-year median of 0.90)
  • GF Value™: S$0.34 vs. price of S$0.39 (13.2% above fair value)
  • GF Score™: 40/100 with 5 warning signs
  • Industry Position: 33.3% below the Consumer Packaged Goods median (#477 of 1267)

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


TSH Resources Bhd Business Description

Other Exchanges 9059:Malaysia
Address No. 8, Jalan Semantan, Level 10, Menara TSH, Damansara Heights, Kuala Lumpur, MYS, 50490
TSH Resources Bhd is an investment holding and forest plantation. The principal activities of the subsidiaries are involved in investment holding, oil palm cultivation and processing, generation and supply of electricity from biomass plants, forest plantation, manufacture and sales of downstream wood products, and other related business activities. The company has two reportable segments, namely Palm products and Others. It generates maximum revenue from the Palm products segment. The company's geographical segments are Malaysia, Indonesia, the United States of America, the Southwest Pacific, and Others. It generates the majority of its revenue from Indonesia.
40GF Score

Get the complete analysis for SGX:TSH

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

S$0.39
Price
S$0.34
GF Value