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HG Metal ManufacturingSGX:BTG -3.30%41 Cyclically Adjusted PS Ratio is 0.32 as of Sep. 14, 2026, which is 68% above its 10-year median of 0.19. GuruFocus rates SGX:BTG with a GF Score™ of 41/100 and a GF Value™ of S$0.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 511 Steel companies, HG Metal Manufacturing ranks better than 62.82% on this metric.
The historical rank and industry rank for HG Metal Manufacturing's Cyclically Adjusted PS Ratio or its related term are showing as below:
SGX:BTG'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 0.49
Current: 0.32
During the past 13 years, HG Metal Manufacturing's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.04. And the median was 0.19.
SGX:BTG's Cyclically Adjusted PS Ratio is ranked better than 62.82% of 511
companies
in the Steel industry
Industry Median: 0.46
vs SGX:BTG: 0.32
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.
HG Metal Manufacturing's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$1.131. 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$1.36 for the trailing ten years ended in Dec23.
Shiller PE for Stocks: The True Measure of Stock Valuation
HG Metal Manufacturing (SGX:BTG) 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.
HG Metal Manufacturing Cyclically Adjusted PS Ratio Related Terms
HG Metal Manufacturing Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for HG Metal Manufacturing'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.
HG Metal Manufacturing Cyclically Adjusted PS Ratio Chart
SGX:BTG vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison
For the Steel subindustry, HG Metal Manufacturing'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.
HG Metal Manufacturing Cyclically Adjusted PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, HG Metal Manufacturing's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where HG Metal Manufacturing's Cyclically Adjusted PS Ratio falls into.
HG Metal Manufacturing 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.
* 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.
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 0.32 mean?
HG Metal Manufacturing (SGX:BTG) has a Cyclically Adjusted PS Ratio of 0.32 as of Sep. 14, 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 HG Metal Manufacturing and its competitors. This is 68% above median its historical median of 0.19. Over the past decade, HG Metal Manufacturing's Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.49. According to the industry distribution chart, HG Metal Manufacturing ranks #190 out of 511 companies in the Steel industry, placing it in the top 37.2%.
Is HG Metal Manufacturing's Cyclically Adjusted PS Ratio too high?
HG Metal Manufacturing's current Cyclically Adjusted PS Ratio of 0.32 is 68% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.49. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. HG Metal Manufacturing's value of 0.32 is 30.4% below this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #190 out of 511 companies in the Steel industry, which is above the industry midpoint. Overall, HG Metal Manufacturing has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #190 out of 511 companies for Cyclically Adjusted PS Ratio. This puts HG Metal Manufacturing in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. HG Metal Manufacturing's value of 0.32 is 30.4% below this benchmark. Historically, HG Metal Manufacturing's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.49 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.46, HG Metal Manufacturing has consistently been below 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 511 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. HG Metal Manufacturing's current Cyclically Adjusted PS Ratio of 0.32 is 30.4% below 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 HG Metal Manufacturing 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. HG Metal Manufacturing's current Cyclically Adjusted PS Ratio is 0.32, which is 68% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.19, compared to a current price of S$0.44 — trading 131.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.32, which is 68% above median its 10-year median of 0.19 and 30.4% below the Steel industry median of 0.46. HG Metal Manufacturing's overall GF Score™ is 41/100 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 HG Metal Manufacturing (SGX:BTG), the current Cyclically Adjusted PS Ratio is 0.32 as of Sep. 14, 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?
Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued.
The current stock price of S$0.44 is trading 131.6% above its estimated GF Value™ of S$0.19.
GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.
Key valuation signals for SGX:BTG:
Cyclically Adjusted PS Ratio: 0.32 (68% above median its 10-year median of 0.19)
GF Value™: S$0.19 vs. price of S$0.44 (131.6% above fair value)
Industry Position: 30.4% below the Steel median (#190 of 511)
No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
41GF Score
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