SJMHF (SJM Holdings) Cyclically Adjusted PB Ratio: 0.39 (As of Jul. 24, 2026) — 38% Below Median

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SJMHF SJM Holdings Ltd SJMHF
36 GF Score
Price $0.18
GF Value $0.50
Valuation Possible Value Trap
! 4 Warning Signs
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What is SJM Holdings Cyclically Adjusted PB Ratio?

SJM Holdings SJMHF 36 Cyclically Adjusted PB Ratio is 0.39 as of Jul. 24, 2026, which is 38% below its 10-year median of 0.63. GuruFocus rates SJMHF with a GF Score™ of 36/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 646 Travel & Leisure companies, SJM Holdings ranks better than 79.88% on this metric.

As of today (2026-07-24), SJM Holdings's current share price is $0.1827. SJM Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.47. SJM Holdings's Cyclically Adjusted PB Ratio for today is 0.39.

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

SJMHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.63   Max: 0.89
Current: 0.39

During the past years, SJM Holdings's highest Cyclically Adjusted PB Ratio was 0.89. The lowest was 0.38. And the median was 0.63.

SJMHF's Cyclically Adjusted PB Ratio is ranked better than
79.88% of 646 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs SJMHF: 0.39

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.

SJM Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was $0.244. 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 $0.47 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SJM Holdings  (OTCPK:SJMHF) 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.


SJM Holdings Cyclically Adjusted PB Ratio Related Terms


SJM Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SJM 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.

SJM Holdings Cyclically Adjusted PB Ratio Chart

SJM 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 0.00 0.00 0.00 0.72 0.63

SJM Holdings Quarterly Data
Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25 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 0.72 0.68 0.00 0.63 0.00

SJMHF vs LVS, MGM, WYNN: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, SJM 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.


SJM Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SJM Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SJMHF
36GF Score
SJM Holdings Ltd SJMHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SJM 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.

SJM Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.1827/0.47
=0.39

* 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.

SJM Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, SJM Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.244/120.7036*120.7036
=0.244

Current CPI (Dec. 2025) = 120.7036.

SJM Holdings Quarterly Data

Book Value per Share CPI Adj_Book
200912 0.204 80.799 0.305
201006 0.235 81.568 0.348
201012 0.290 83.217 0.421
201106 0.321 86.185 0.450
201112 0.376 87.944 0.516
201206 0.372 89.373 0.502
201212 0.433 91.132 0.574
201306 0.420 93.001 0.545
201312 0.509 95.090 0.646
201406 0.505 96.409 0.632
201412 0.529 99.707 0.640
201506 0.492 99.267 0.598
201512 0.499 102.015 0.590
201606 0.505 101.686 0.599
201612 0.529 103.225 0.619
201706 0.525 103.664 0.611
201712 0.538 104.984 0.619
201806 0.557 106.193 0.633
201812 0.584 107.622 0.655
201906 0.591 109.601 0.651
201912 0.615 110.700 0.671
202006 0.556 110.590 0.607
202012 0.522 109.711 0.574
202106 0.491 111.360 0.532
202112 0.430 112.349 0.462
202203 0.000 113.558 0.000
202206 0.381 113.448 0.405
202209 0.000 113.778 0.000
202212 0.289 114.548 0.305
202303 0.000 115.427 0.000
202306 0.264 115.647 0.276
202309 0.000 116.087 0.000
202312 0.251 117.296 0.258
202403 0.000 117.735 0.000
202406 0.248 117.296 0.255
202409 0.000 118.615 0.000
202412 0.252 118.945 0.256
202506 0.246 119.055 0.249
202509 0.000 119.934 0.000
202512 0.244 120.704 0.244

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 0.39 mean?
SJM Holdings (SJMHF) has a Cyclically Adjusted PB Ratio of 0.39 as of Jul. 24, 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 SJM Holdings and its competitors. This is 38% below median its historical median of 0.63. Over the past decade, SJM Holdings' Cyclically Adjusted PB Ratio has ranged from 0.38 to 0.89. According to the industry distribution chart, SJM Holdings ranks #130 out of 646 companies in the Travel & Leisure industry, placing it in the top 20.1%.
Is SJM Holdings' Cyclically Adjusted PB Ratio too high?
SJM Holdings' current Cyclically Adjusted PB Ratio of 0.39 is 38% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.89. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. SJM Holdings' value of 0.39 is 67.5% below this industry median. Based on the distribution chart, SJM Holdings ranks #130 out of 646 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, SJM Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SJM Holdings' Cyclically Adjusted PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, SJM Holdings ranks #130 out of 646 companies for Cyclically Adjusted PB Ratio. This places SJM Holdings in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. SJM Holdings' value of 0.39 is 67.5% below this benchmark. Historically, SJM Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.38 to 0.89 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.20, SJM 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 646 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. SJM Holdings's current Cyclically Adjusted PB Ratio of 0.39 is 67.5% 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 SJM Holdings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SJM Holdings's current Cyclically Adjusted PB Ratio is 0.39, which is 38% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SJM Holdings stock overvalued right now?
Based on GuruFocus' analysis, SJM Holdings (SJMHF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.18 — trading 63.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.39, which is 38% below median its 10-year median of 0.63 and 67.5% below the Travel & Leisure industry median of 1.20. SJM Holdings' overall GF Score™ is 36/100 with 4 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 SJM Holdings (SJMHF), the current Cyclically Adjusted PB Ratio is 0.39 as of Jul. 24, 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 SJM Holdings (SJMHF) Overvalued in 2026?

Based on GuruFocus' analysis, SJM Holdings stock appears to be undervalued. The current stock price of $0.18 is trading 63.5% below its estimated GF Value™ of $0.50. GuruFocus considers SJM Holdings to be Possible Value Trap.

Key valuation signals for SJMHF:

  • Cyclically Adjusted PB Ratio: 0.39 (38% below median its 10-year median of 0.63)
  • GF Value™: $0.50 vs. price of $0.18 (63.5% below fair value)
  • GF Score™: 36/100 with 4 warning signs
  • Industry Position: 67.5% below the Travel & Leisure median (#130 of 646)

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


SJM Holdings Business Description

Address Nos. 168 - 200 Connaught Road Central, 18th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG
SJM Holdings is one of six casino license holders in Macao. It operates Grand Lisboa casino in the peninsula and Grand Lisboa Palace in Cotai, as well as another three self-promoted casinos: Casino Lisboa, Oceanus at Jai Alai, and L'Arc Macau.
36GF Score

Get the complete analysis for SJMHF

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

$0.18
Price
$0.50
GF Value