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Singapore Airlines (SGX:C6L) Cyclically Adjusted PS Ratio : 0.86 (As of Jun. 03, 2025)


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What is Singapore Airlines Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Singapore Airlines's current share price is S$7.12. Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was S$8.29. Singapore Airlines's Cyclically Adjusted PS Ratio for today is 0.86.

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

SGX:C6L' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.69   Max: 0.87
Current: 0.86

During the past years, Singapore Airlines's highest Cyclically Adjusted PS Ratio was 0.87. The lowest was 0.35. And the median was 0.69.

SGX:C6L's Cyclically Adjusted PS Ratio is ranked better than
51.24% of 685 companies
in the Transportation industry
Industry Median: 0.91 vs SGX:C6L: 0.86

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.

Singapore Airlines's adjusted revenue per share data for the three months ended in Mar. 2025 was S$1.543. 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$8.29 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Singapore Airlines'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.

* Premium members only.

Singapore Airlines Cyclically Adjusted PS Ratio Chart

Singapore Airlines Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.60 0.64 0.73 0.82

Singapore Airlines Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.73 0.80 0.80 0.77 0.82

Competitive Comparison of Singapore Airlines's Cyclically Adjusted PS Ratio

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Singapore Airlines 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.

Singapore Airlines's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.12/8.29
=0.86

* 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.

Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Singapore Airlines's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.543/134.9266*134.9266
=1.543

Current CPI (Mar. 2025) = 134.9266.

Singapore Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.250 100.684 3.015
201509 2.308 100.392 3.102
201512 2.374 99.792 3.210
201603 2.239 100.470 3.007
201606 2.169 101.688 2.878
201609 2.181 101.861 2.889
201612 2.279 101.863 3.019
201703 2.212 102.862 2.902
201706 2.296 103.349 2.998
201709 2.283 104.136 2.958
201712 2.420 104.011 3.139
201803 2.386 105.290 3.058
201806 2.290 106.317 2.906
201809 2.385 106.507 3.021
201812 2.573 105.998 3.275
201903 2.409 107.251 3.031
201906 2.180 108.070 2.722
201909 2.487 108.329 3.098
201912 2.356 108.420 2.932
202003 1.680 108.902 2.081
202006 0.385 108.767 0.478
202009 0.162 109.815 0.199
202012 0.360 109.897 0.442
202103 0.376 111.754 0.454
202106 0.436 114.631 0.513
202109 0.516 115.734 0.602
202112 0.780 117.630 0.895
202203 0.833 121.301 0.927
202206 1.322 125.017 1.427
202209 1.511 125.227 1.628
202212 1.631 125.222 1.757
202303 1.519 127.348 1.609
202306 1.506 128.729 1.579
202309 1.574 129.860 1.635
202312 1.709 129.419 1.782
202403 1.603 131.776 1.641
202406 1.295 132.554 1.318
202409 1.556 133.029 1.578
202412 1.663 133.157 1.685
202503 1.543 134.927 1.543

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.


Singapore Airlines  (SGX:C6L) 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.


Singapore Airlines Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Singapore Airlines's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Singapore Airlines Business Description

Address
25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.

Singapore Airlines Headlines

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