SHS Holdings (SGX:566) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:566 SHS Holdings Ltd SGX:566
38 GF Score
Price S$0.12
GF Value S$0.59
Valuation Possible Value Trap
! 4 Warning Signs
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What is SHS Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SHS Holdings  (SGX:566) 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.


SHS Holdings Cyclically Adjusted PS Ratio Related Terms


SHS Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SHS 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.

SHS Holdings Cyclically Adjusted PS Ratio Chart

SHS Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.87 1.20 1.25 1.00

SHS Holdings Semi-Annual Data
Dec16 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 Premium Member Only 0.78 1.23 1.13 0.99 0.73

SGX:566 vs ATI, CRS, MLI: Cyclically Adjusted PS Ratio Comparison

For the Metal Fabrication subindustry, SHS 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.


SHS Holdings Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SHS Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:566
38GF Score
SHS Holdings Ltd SGX:566
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHS 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.

SHS Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, SHS Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.43/324.0540*324.0540
=0.430

Current CPI (Dec25) = 324.0540.

SHS Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.081 241.432 0.109
201712 0.055 246.524 0.072
201812 0.059 251.233 0.076
201912 0.039 256.974 0.049
202012 0.051 260.474 0.063
202112 0.081 278.802 0.094
202212 0.138 296.797 0.151
202312 0.135 306.746 0.143
202412 0.136 315.605 0.140
202512 0.430 324.054 0.430

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.

Is SHS Holdings (SGX:566) Overvalued in 2026?

Based on GuruFocus' analysis, SHS Holdings stock appears to be undervalued. The current stock price of S$0.12 is trading 80.2% below its estimated GF Value™ of S$0.59. GuruFocus considers SHS Holdings to be Possible Value Trap.

Key valuation signals for SGX:566:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: S$0.59 vs. price of S$0.12 (80.2% below fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the SGX:566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHS Holdings Business Description

Address 19 Tuas Avenue 20, Singapore, SGP, 638830
SHS Holdings Ltd is engaged in the design, engineering, and construction of steel, aluminium and glass structures. It is also engaged in corrosion prevention, structural steel and facade and solar energy operations. The company's segments include Corrosion prevention; Solar Energy; Engineering and Construction and Others. The Engineering & Construction segment, deriving the majority of the revenue, is engaged in the business of designing, engineering, and constructing steel, aluminium, and glass structures, and the design, construction, and manufacturing services in modular construction projects.
38GF Score

Get the complete analysis for SGX:566

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

S$0.12
Price
S$0.59
GF Value