Hyflux (FRA:HYF) Cyclically Adjusted PS Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Hyflux Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyflux  (FRA:HYF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Hyflux Cyclically Adjusted PS Ratio Related Terms


Hyflux Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hyflux's Cyclically Adjusted PS 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.

Hyflux Cyclically Adjusted PS Ratio Chart

Hyflux Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Hyflux Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Cyclically Adjusted PS 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

FRA:HYF vs PICO, CWCO, GWRS: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Water subindustry, Hyflux's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Hyflux Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hyflux's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hyflux's Cyclically Adjusted PS Ratio falls into.



Hyflux Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Hyflux's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Hyflux's adjusted Revenue per Share data for the three months ended in Sep. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=0.02/252.4390*252.4390
=0.020

Current CPI (Sep. 2018) = 252.4390.

Hyflux Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200812 0.000 210.228 0.000
200903 0.056 212.709 0.066
200906 0.084 215.693 0.098
200909 0.075 215.969 0.088
200912 0.109 215.949 0.127
201003 0.064 217.631 0.074
201006 0.096 217.965 0.111
201009 0.092 218.439 0.106
201012 0.122 219.179 0.141
201103 0.056 223.467 0.063
201106 0.072 225.722 0.081
201109 0.059 226.889 0.066
201112 0.134 225.672 0.150
201203 0.095 229.392 0.105
201206 0.133 229.478 0.146
201209 0.111 231.407 0.121
201212 0.141 229.601 0.155
201303 0.093 232.773 0.101
201306 0.101 233.504 0.109
201309 0.135 234.149 0.146
201312 0.060 233.049 0.065
201403 0.061 236.293 0.065
201406 0.057 238.343 0.060
201409 0.075 238.031 0.080
201412 0.039 234.812 0.042
201503 0.050 236.119 0.053
201506 0.078 238.638 0.083
201509 0.105 237.945 0.111
201512 0.129 236.525 0.138
201603 0.186 238.132 0.197
201606 0.194 241.018 0.203
201609 0.207 241.428 0.216
201612 0.108 241.432 0.113
201703 0.078 243.801 0.081
201706 0.067 244.955 0.069
201709 0.078 246.819 0.080
201712 0.066 246.524 0.068
201803 0.057 249.554 0.058
201806 -0.023 251.989 -0.023
201809 0.020 252.439 0.020

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


Hyflux Business Description

Address 80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949
Hyflux Ltd is a water treatment specialist providing integrated treatment systems for water treatment and membrane filtration. It also provides one-stop shop service for the design, fabrication, installation, commissioning and maintenance of treatment systems for water purification, wastewater treatment and water recycling. In the specialised field of membrane processing, the company utilises membrane filtration technologies that have found diverse applications across industries such as electronics, pharmaceuticals and biotechnology. Its projects and customers are in Singapore, China and Malaysia.