Bonvests Holdings (SGX:B28) Cyclically Adjusted PS Ratio: 1.66 (As of Aug. 31, 2026) — 10% Below Median

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SGX:B28 Bonvests Holdings Ltd SGX:B28
71 GF Score
Price S$0.95
GF Value S$1.01
Valuation Fairly Valued
! 3 Warning Signs
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What is Bonvests Holdings Cyclically Adjusted PS Ratio?

Bonvests Holdings SGX:B28 71 Cyclically Adjusted PS Ratio is 1.66 as of Aug. 31, 2026, which is 10% below its 10-year median of 1.84. GuruFocus rates SGX:B28 with a GF Score™ of 71/100 and a GF Value™ of S$1.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 671 Travel & Leisure companies, Bonvests Holdings ranks worse than 58.42% on this metric.

As of today (2026-08-31), Bonvests Holdings's current share price is S$0.945. Bonvests Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was S$0.57. Bonvests Holdings's Cyclically Adjusted PS Ratio for today is 1.66.

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

SGX:B28' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.47   Med: 1.84   Max: 2.84
Current: 1.66

During the past 13 years, Bonvests Holdings's highest Cyclically Adjusted PS Ratio was 2.84. The lowest was 1.47. And the median was 1.84.

SGX:B28's Cyclically Adjusted PS Ratio is ranked worse than
58.42% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.34 vs SGX:B28: 1.66

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.

Bonvests Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was S$0.568. 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$0.57 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bonvests Holdings  (SGX:B28) 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.


Bonvests Holdings Cyclically Adjusted PS Ratio Related Terms


Bonvests Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bonvests 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.

Bonvests Holdings Cyclically Adjusted PS Ratio Chart

Bonvests 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 1.85 1.65 1.79 1.58 1.68

Bonvests 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 0.00 1.58 0.00 1.68 0.00

SGX:B28 vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, Bonvests 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.


Bonvests Holdings Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bonvests Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:B28
71GF Score
Bonvests Holdings Ltd SGX:B28
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bonvests 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.945/0.57
=1.66

* 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.

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

For example, Bonvests 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)
=0.568/324.0540*324.0540
=0.568

Current CPI (Dec25) = 324.0540.

Bonvests Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.375 241.432 0.503
201712 0.544 246.524 0.715
201812 0.559 251.233 0.721
201912 0.567 256.974 0.715
202012 0.300 260.474 0.373
202112 0.335 278.802 0.389
202212 0.521 296.797 0.569
202312 0.540 306.746 0.570
202412 0.559 315.605 0.574
202512 0.568 324.054 0.568

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 1.66 mean?
Bonvests Holdings (SGX:B28) has a Cyclically Adjusted PS Ratio of 1.66 as of Aug. 31, 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 Bonvests Holdings and its competitors. This is 10% below median its historical median of 1.84. Over the past decade, Bonvests Holdings' Cyclically Adjusted PS Ratio has ranged from 1.47 to 2.84. According to the industry distribution chart, Bonvests Holdings ranks #392 out of 671 companies in the Travel & Leisure industry, placing it in the top 58.4%.
Is Bonvests Holdings' Cyclically Adjusted PS Ratio too high?
Bonvests Holdings' current Cyclically Adjusted PS Ratio of 1.66 is 10% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 2.84. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.34. Bonvests Holdings' value of 1.66 is 23.9% above this industry median. Based on the distribution chart, Bonvests Holdings ranks #392 out of 671 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Bonvests Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bonvests Holdings' Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Bonvests Holdings ranks #392 out of 671 companies for Cyclically Adjusted PS Ratio. This places Bonvests Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Bonvests Holdings' value of 1.66 is 23.9% above this benchmark. Historically, Bonvests Holdings' own Cyclically Adjusted PS Ratio has ranged from 1.47 to 2.84 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.34, Bonvests 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.34, based on 671 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. Bonvests Holdings's current Cyclically Adjusted PS Ratio of 1.66 is 23.9% 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 Bonvests Holdings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonvests Holdings's current Cyclically Adjusted PS Ratio is 1.66, which is 10% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonvests Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bonvests Holdings (SGX:B28) is currently considered Fairly Valued. The stock's GF Value™ is S$1.01, compared to a current price of S$0.95 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.66, which is 10% below median its 10-year median of 1.84 and 23.9% above the Travel & Leisure industry median of 1.34. Bonvests Holdings' overall GF Score™ is 71/100 with 3 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 Bonvests Holdings (SGX:B28), the current Cyclically Adjusted PS Ratio is 1.66 as of Aug. 31, 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 Bonvests Holdings (SGX:B28) Overvalued in 2026?

Based on GuruFocus' analysis, Bonvests Holdings stock appears to be undervalued. The current stock price of S$0.95 is trading 6.4% below its estimated GF Value™ of S$1.01. GuruFocus considers Bonvests Holdings to be Fairly Valued.

Key valuation signals for SGX:B28:

  • Cyclically Adjusted PS Ratio: 1.66 (10% below median its 10-year median of 1.84)
  • GF Value™: S$1.01 vs. price of S$0.95 (6.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 23.9% above the Travel & Leisure median (#392 of 671)

No single metric tells the full story. See the SGX:B28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bonvests Holdings Business Description

Address 541 Orchard Road, No. 16-00, Liat Towers, Singapore, SGP, 238881
Bonvests Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is involved in various business activities, which include owning and letting properties, development and operation of hotels and a golf course, collection and disposal of waste and contract cleaning, securities trading and investment holding, and provision of management services. The company's reportable operating segments are Rental, Hotel, Industrial, Investment, Development, and Others. A majority of its revenue is derived from the Hotel segment, which includes the development and operation of hotels and a golf course. Geographically, it generates maximum revenue from Singapore, followed by Africa, Maldives, Australia, and other regions.
71GF Score

Get the complete analysis for SGX:B28

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

S$0.95
Price
S$1.01
GF Value