Riverstone Holdings (SGX:AP4) Cyclically Adjusted PS Ratio: 3.40 (As of Aug. 06, 2026) — Near Median

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SGX:AP4 Riverstone Holdings Ltd SGX:AP4
65 GF Score
Price S$0.85
GF Value S$0.87
Valuation Fairly Valued
! 5 Warning Signs
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What is Riverstone Holdings Cyclically Adjusted PS Ratio?

Riverstone Holdings SGX:AP4 -1.73% 65 Cyclically Adjusted PS Ratio is 3.40 as of Aug. 06, 2026, which is 7% below its 10-year median of 3.66. GuruFocus rates SGX:AP4 with a GF Score™ of 65/100 and a GF Value™ of S$0.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 522 Medical Devices & Instruments companies, Riverstone Holdings ranks worse than 61.88% on this metric.

As of today (2026-08-06), Riverstone Holdings's current share price is S$0.85. Riverstone Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was S$0.25. Riverstone Holdings's Cyclically Adjusted PS Ratio for today is 3.40.

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

SGX:AP4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.48   Med: 3.66   Max: 8.5
Current: 3.38

During the past years, Riverstone Holdings's highest Cyclically Adjusted PS Ratio was 8.50. The lowest was 2.48. And the median was 3.66.

SGX:AP4's Cyclically Adjusted PS Ratio is ranked worse than
61.88% of 522 companies
in the Medical Devices & Instruments industry
Industry Median: 2.26 vs SGX:AP4: 3.38

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Riverstone Holdings's adjusted revenue per share data for the three months ended in Dec. 2025 was S$0.053. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is S$0.25 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Riverstone Holdings  (SGX:AP4) 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.


Riverstone Holdings Cyclically Adjusted PS Ratio Related Terms


Riverstone Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Riverstone 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.

Riverstone Holdings Cyclically Adjusted PS Ratio Chart

Riverstone 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 3.92 2.96 3.19 4.60 3.50

Riverstone Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.60 3.85 2.73 2.88 3.50

SGX:AP4 vs ISRG, BDX, MDLN: Cyclically Adjusted PS Ratio Comparison

For the Medical Instruments & Supplies subindustry, Riverstone 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.


Riverstone Holdings Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Riverstone Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:AP4
65GF Score
Riverstone Holdings Ltd SGX:AP4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riverstone 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.

Riverstone Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.85/0.25
=3.40

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.053/324.0540*324.0540
=0.053

Current CPI (Dec. 2025) = 324.0540.

Riverstone Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.031 238.638 0.042
201509 0.033 237.945 0.045
201512 0.034 236.525 0.047
201603 0.034 238.132 0.046
201606 0.035 241.018 0.047
201609 0.037 241.428 0.050
201612 0.040 241.432 0.054
201703 0.044 243.801 0.058
201706 0.047 244.955 0.062
201709 0.041 246.819 0.054
201712 0.047 246.524 0.062
201803 0.048 249.554 0.062
201806 0.049 251.989 0.063
201809 0.054 252.439 0.069
201812 0.057 251.233 0.074
201903 0.054 254.202 0.069
201906 0.053 256.143 0.067
201909 0.056 256.759 0.071
201912 0.057 256.974 0.072
202006 0.000 257.797 0.000
202012 0.000 260.474 0.000
202106 0.000 271.696 0.000
202109 0.142 274.310 0.168
202112 0.090 278.802 0.105
202203 0.088 287.504 0.099
202206 0.075 296.311 0.082
202209 0.057 296.808 0.062
202212 0.049 296.797 0.054
202303 0.048 301.836 0.052
202306 0.044 305.109 0.047
202309 0.044 307.789 0.046
202312 0.044 306.746 0.046
202403 0.048 312.332 0.050
202406 0.048 314.175 0.050
202409 0.061 315.301 0.063
202412 0.057 315.605 0.059
202503 0.051 319.799 0.052
202506 0.050 322.561 0.050
202509 0.051 324.800 0.051
202512 0.053 324.054 0.053

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.

What does a Cyclically Adjusted PS Ratio of 3.40 mean?
Riverstone Holdings (SGX:AP4) has a Cyclically Adjusted PS Ratio of 3.40 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Riverstone Holdings and its competitors. This is near median its historical median of 3.66. Over the past decade, Riverstone Holdings' Cyclically Adjusted PS Ratio has ranged from 2.48 to 8.50. According to the industry distribution chart, Riverstone Holdings ranks #323 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 61.9%.
Is Riverstone Holdings' Cyclically Adjusted PS Ratio too high?
Riverstone Holdings' current Cyclically Adjusted PS Ratio of 3.40 is near median its 10-year median of 3.66. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 8.50. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.26. Riverstone Holdings' value of 3.40 is 50.4% above this industry median. Based on the distribution chart, Riverstone Holdings ranks #323 out of 522 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Riverstone Holdings has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Riverstone Holdings' Cyclically Adjusted PS Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Riverstone Holdings ranks #323 out of 522 companies for Cyclically Adjusted PS Ratio. This places Riverstone Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.26. Riverstone Holdings' value of 3.40 is 50.4% above this benchmark. Historically, Riverstone Holdings' own Cyclically Adjusted PS Ratio has ranged from 2.48 to 8.50 over the past decade. While the company's 10-year median is 3.66 vs. the industry median of 2.26, Riverstone Holdings has consistently been above 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 PS Ratio for a Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.26, based on 522 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Riverstone Holdings's current Cyclically Adjusted PS Ratio of 3.40 is 50.4% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Riverstone Holdings and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riverstone Holdings's current Cyclically Adjusted PS Ratio is 3.40, which is near median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riverstone Holdings stock overvalued right now?
Based on GuruFocus' analysis, Riverstone Holdings (SGX:AP4) is currently considered Fairly Valued. The stock's GF Value™ is S$0.87, compared to a current price of S$0.85 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.40, which is near median its 10-year median of 3.66 and 50.4% above the Medical Devices & Instruments industry median of 2.26. Riverstone Holdings' overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Riverstone Holdings (SGX:AP4), the current Cyclically Adjusted PS Ratio is 3.40 as of Aug. 06, 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 Riverstone Holdings (SGX:AP4) Overvalued in 2026?

Based on GuruFocus' analysis, Riverstone Holdings stock appears to be undervalued. The current stock price of S$0.85 is trading 2.3% below its estimated GF Value™ of S$0.87. GuruFocus considers Riverstone Holdings to be Fairly Valued.

Key valuation signals for SGX:AP4:

  • Cyclically Adjusted PS Ratio: 3.40 (near median its 10-year median of 3.66)
  • GF Value™: S$0.87 vs. price of S$0.85 (2.3% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 50.4% above the Medical Devices & Instruments median (#323 of 522)

No single metric tells the full story. See the SGX:AP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riverstone Holdings Business Description

Address 362 Upper Paya Lebar Road, No. 03-14 Da Jin Factory Building, Singapore, SGP, 534963
Riverstone Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacture and sales of gloves and non-glove consumables such as finger cots, static shielding bags, face masks, wipers, and packaging materials. The group's products are widely qualified and used in the Hard Disk Drive, and semiconductor industries. It operates in three segments based on its geography: Malaysia, Thailand, China, Singapore, and Others, of which the majority of its revenue comes from Malaysia.
65GF Score

Get the complete analysis for SGX:AP4

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

S$0.85
Price
S$0.87
GF Value