BRC Asia (SGX:BEC) Cyclically Adjusted PS Ratio: 0.93 (As of Aug. 12, 2026) — 58% Above Median

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SGX:BEC BRC Asia Ltd SGX:BEC
98 GF Score
Price S$4.32
GF Value S$2.99
Valuation Significantly Overvalued
! 1 Warning Sign
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What is BRC Asia Cyclically Adjusted PS Ratio?

BRC Asia SGX:BEC +2.86% 98 Cyclically Adjusted PS Ratio is 0.93 as of Aug. 12, 2026, which is 58% above its 10-year median of 0.59. GuruFocus rates SGX:BEC with a GF Score™ of 98/100 and a GF Value™ of S$2.99 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 518 Steel companies, BRC Asia ranks worse than 69.69% on this metric.

As of today (2026-08-12), BRC Asia's current share price is S$4.32. BRC Asia's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep25 was S$4.63. BRC Asia's Cyclically Adjusted PS Ratio for today is 0.93.

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

SGX:BEC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.59   Max: 1.05
Current: 0.91

During the past 13 years, BRC Asia's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.25. And the median was 0.59.

SGX:BEC's Cyclically Adjusted PS Ratio is ranked worse than
69.69% of 518 companies
in the Steel industry
Industry Median: 0.46 vs SGX:BEC: 0.91

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.

BRC Asia's adjusted revenue per share data of for the fiscal year that ended in Sep25 was S$5.661. 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$4.63 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRC Asia  (SGX:BEC) 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.


BRC Asia Cyclically Adjusted PS Ratio Related Terms


BRC Asia Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BRC Asia'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.

BRC Asia Cyclically Adjusted PS Ratio Chart

BRC Asia Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.47 0.44 0.56 0.92

BRC Asia Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 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 0.56 0.00 0.92 0.00

SGX:BEC vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, BRC Asia'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.


BRC Asia Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, BRC Asia's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:BEC
98GF Score
BRC Asia Ltd SGX:BEC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BRC Asia 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.

BRC Asia's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.32/4.63
=0.93

* 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.

BRC Asia's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep25 is calculated as:

For example, BRC Asia's adjusted Revenue per Share data for the fiscal year that ended in Sep25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=5.661/324.8000*324.8000
=5.661

Current CPI (Sep25) = 324.8000.

BRC Asia Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.859 241.428 2.501
201709 1.664 246.819 2.190
201809 2.623 252.439 3.375
201909 3.914 256.759 4.951
202009 2.624 260.280 3.274
202109 4.867 274.310 5.763
202209 6.221 296.808 6.808
202309 5.930 307.789 6.258
202409 5.400 315.301 5.563
202509 5.661 324.800 5.661

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 0.93 mean?
BRC Asia (SGX:BEC) has a Cyclically Adjusted PS Ratio of 0.93 as of Aug. 12, 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 BRC Asia and its competitors. This is 58% above median its historical median of 0.59. Over the past decade, BRC Asia's Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.05. According to the industry distribution chart, BRC Asia ranks #361 out of 518 companies in the Steel industry, placing it in the top 69.7%.
Is BRC Asia's Cyclically Adjusted PS Ratio too high?
BRC Asia's current Cyclically Adjusted PS Ratio of 0.93 is 58% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.05. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. BRC Asia's value of 0.93 is 102.2% above this industry median. Based on the distribution chart, BRC Asia ranks #361 out of 518 companies in the Steel industry, which is below the industry midpoint. Overall, BRC Asia has a GF Score™ of 98/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRC Asia's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, BRC Asia ranks #361 out of 518 companies for Cyclically Adjusted PS Ratio. This places BRC Asia in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. BRC Asia's value of 0.93 is 102.2% above this benchmark. Historically, BRC Asia's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.05 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.46, BRC Asia 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.46, based on 518 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. BRC Asia's current Cyclically Adjusted PS Ratio of 0.93 is 102.2% 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 BRC Asia and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRC Asia's current Cyclically Adjusted PS Ratio is 0.93, which is 58% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRC Asia stock overvalued right now?
Based on GuruFocus' analysis, BRC Asia (SGX:BEC) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.99, compared to a current price of S$4.32 — trading 44.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 58% above median its 10-year median of 0.59 and 102.2% above the Steel industry median of 0.46. BRC Asia's overall GF Score™ is 98/100 with 1 warning sign 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 BRC Asia (SGX:BEC), the current Cyclically Adjusted PS Ratio is 0.93 as of Aug. 12, 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 BRC Asia (SGX:BEC) Overvalued in 2026?

Based on GuruFocus' analysis, BRC Asia stock appears to be overvalued. The current stock price of S$4.32 is trading 44.5% above its estimated GF Value™ of S$2.99. GuruFocus considers BRC Asia to be Significantly Overvalued.

Key valuation signals for SGX:BEC:

  • Cyclically Adjusted PS Ratio: 0.93 (58% above median its 10-year median of 0.59)
  • GF Value™: S$2.99 vs. price of S$4.32 (44.5% above fair value)
  • GF Score™: 98/100 with 1 warning sign
  • Industry Position: 102.2% above the Steel median (#361 of 518)

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


BRC Asia Business Description

Address 350 Jalan Boon Lay, Jurong Industrial Estate, Singapore, SGP, 619530
BRC Asia Ltd is principally engaged in the prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company's reportable segments are: (i) The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement, including sale of standard-length rebar, for use in concrete. (ii) Trading segment is involved in trading of steel and steel related products in both domestic and international market. (iii) Others relates to leasing of properties. The majority of the company's revenue is derived from the Fabrication and manufacturing segment. Geographically, it derives the maximum revenue from Singapore.
98GF Score

Get the complete analysis for SGX:BEC

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

S$4.32
Price
S$2.99
GF Value