Aspen (Group) Holdings (SGX:1F3) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Aspen (Group) Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspen (Group) Holdings  (SGX:1F3) 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.


Aspen (Group) Holdings Cyclically Adjusted PS Ratio Related Terms


Aspen (Group) Holdings Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Aspen (Group) Holdings'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.

Aspen (Group) Holdings Cyclically Adjusted PS Ratio Chart

Aspen (Group) Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
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Aspen (Group) Holdings Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.36 0.42 0.34 0.32 0.23

Aspen (Group) Holdings Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Aspen (Group) Holdings'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.


Aspen (Group) Holdings Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aspen (Group) Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Aspen (Group) Holdings's Cyclically Adjusted PS Ratio falls into.



Aspen (Group) Holdings 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.

Aspen (Group) Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Aspen (Group) Holdings's adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=0.06/333.9520*333.9520
=0.060

Current CPI (Jun26) = 333.9520.

Aspen (Group) Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.039 241.432 0.054
201712 0.190 246.524 0.257
201812 0.209 251.233 0.278
201912 0.099 256.974 0.129
202012 0.094 260.474 0.121
202206 0.108 296.311 0.122
202306 0.080 305.109 0.088
202406 0.063 314.175 0.067
202506 0.069 322.561 0.071
202606 0.060 333.952 0.060

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.


Aspen (Group) Holdings Business Description

Address 300, Jalan Macalister, Aspen House, George Town, PNG, MYS, 10450
Aspen (Group) Holdings Ltd is a property development group. It focuses on developing affordable residential and mixed-development properties at strategic locations with quality infrastructure and amenities, which target middle-income mass market purchasers. It operates through the below segments: Property development which includes development of residential and commercial properties and others which includes sales of food and beverages and investment holdings. Substantial portion of the company's overall revenue is generated from its Property development segment.