Hiap Seng Industries (SGX:1L2) Cyclically Adjusted PS Ratio: (As of Sep. 14, 2026)

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiap Seng Industries  (SGX:1L2) 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.


Hiap Seng Industries Cyclically Adjusted PS Ratio Related Terms


Hiap Seng Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hiap Seng Industries'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.

Hiap Seng Industries Cyclically Adjusted PS Ratio Chart

Hiap Seng Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
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Hiap Seng Industries Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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

SGX:1L2 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Hiap Seng Industries'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.


Hiap Seng Industries Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Hiap Seng Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hiap Seng Industries 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.

Hiap Seng Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hiap Seng Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

Hiap Seng Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 0.117 234.149 0.165
201312 0.113 233.049 0.160
201403 0.116 236.293 0.162
201406 0.129 238.343 0.179
201409 0.137 238.031 0.190
201412 0.082 234.812 0.115
201503 0.081 236.119 0.113
201506 0.056 238.638 0.077
201509 0.049 237.945 0.068
201512 0.085 236.525 0.119
201603 0.094 238.132 0.130
201606 0.067 241.018 0.092
201609 0.087 241.428 0.119
201612 0.056 241.432 0.077
201703 0.059 243.801 0.080
201706 0.061 244.955 0.082
201709 0.052 246.819 0.070
201712 0.034 246.524 0.046
201803 0.060 249.554 0.079
201806 0.060 251.989 0.079
201809 0.045 252.439 0.059
201812 0.079 251.233 0.104
201903 0.054 254.202 0.070
201906 0.073 256.143 0.094
201909 0.061 256.759 0.078
201912 0.054 256.974 0.069
202003 0.042 258.115 0.054
202006 0.017 257.797 0.022
202009 0.014 260.280 0.018
202103 0.000 264.877 0.000
202109 0.000 274.310 0.000
202203 0.000 287.504 0.000
202209 0.000 296.808 0.000
202303 0.000 301.836 0.000
202309 0.000 307.789 0.000
202403 0.000 312.332 0.000
202409 0.000 315.301 0.000
202503 0.000 319.799 0.000
202509 0.000 324.800 0.000
202603 0.000 330.213 0.000

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.


Hiap Seng Industries Business Description

Address 28 Tuas Crescent, Singapore, SGP, 638719
Hiap Seng Industries Ltd is engaged in the provision of building construction, engineering, procurement, construction and plant maintenance services for oil and gas and energy sectors and, the provision of process and industrial plant engineering and consultancy services. Its segment is Plant construction and maintenance segment. The company has operations in Singapore and United Arab Emirates with the majority of revenue from Singapore.