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Singapore Airlines (Singapore Airlines) Cyclically Adjusted PB Ratio : 0.73 (As of Apr. 30, 2024)


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What is Singapore Airlines Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Singapore Airlines's current share price is $4.774. Singapore Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.50. Singapore Airlines's Cyclically Adjusted PB Ratio for today is 0.73.

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

SINGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.73   Max: 0.96
Current: 0.76

During the past years, Singapore Airlines's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.41. And the median was 0.73.

SINGF's Cyclically Adjusted PB Ratio is ranked better than
70.38% of 692 companies
in the Transportation industry
Industry Median: 1.22 vs SINGF: 0.76

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.

Singapore Airlines's adjusted book value per share data for the three months ended in Dec. 2023 was $3.932. 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 $6.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Singapore Airlines'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.

* Premium members only.

Singapore Airlines Cyclically Adjusted PB Ratio Chart

Singapore Airlines Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.48 0.68 0.63 0.65

Singapore Airlines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.63 0.65 0.81 0.74 0.76

Competitive Comparison of Singapore Airlines's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Singapore Airlines 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.

Singapore Airlines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.774/6.5
=0.73

* 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.

Singapore Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Singapore Airlines's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.932/129.4194*129.4194
=3.932

Current CPI (Dec. 2023) = 129.4194.

Singapore Airlines Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.258 99.695 8.124
201406 6.427 100.560 8.272
201409 6.108 100.428 7.871
201412 5.605 99.070 7.322
201503 5.451 99.621 7.081
201506 5.722 100.684 7.355
201509 5.394 100.392 6.954
201512 5.491 99.792 7.121
201603 5.627 100.470 7.248
201606 5.958 101.688 7.583
201609 5.808 101.861 7.379
201612 5.750 101.863 7.306
201703 4.790 102.862 6.027
201706 5.658 103.349 7.085
201709 5.949 104.136 7.393
201712 6.210 104.011 7.727
201803 5.829 105.290 7.165
201806 6.164 106.317 7.503
201809 6.101 106.507 7.414
201812 5.327 105.998 6.504
201903 5.840 107.251 7.047
201906 5.507 108.070 6.595
201909 5.087 108.329 6.077
201912 5.325 108.420 6.356
202003 3.907 108.902 4.643
202006 4.255 108.767 5.063
202009 3.766 109.815 4.438
202012 3.965 109.897 4.669
202103 3.997 111.754 4.629
202106 5.645 114.631 6.373
202109 5.489 115.734 6.138
202112 5.467 117.630 6.015
202203 5.559 121.301 5.931
202206 5.578 125.017 5.774
202209 5.519 125.227 5.704
202212 4.842 125.222 5.004
202303 4.987 127.348 5.068
202306 4.288 128.729 4.311
202309 4.273 129.860 4.259
202312 3.932 129.419 3.932

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.


Singapore Airlines  (OTCPK:SINGF) 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.


Singapore Airlines Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Singapore Airlines's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Singapore Airlines (Singapore Airlines) Business Description

Address
25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

Singapore Airlines (Singapore Airlines) Headlines

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