Union Steel Holdings (SGX:ZB9) Cyclically Adjusted PS Ratio: 0.56 (As of Sep. 05, 2026) — 143% Above Median

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SGX:ZB9 Union Steel Holdings Ltd SGX:ZB9
42 GF Score
Price S$0.48
! 10 Warning Signs
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What is Union Steel Holdings Cyclically Adjusted PS Ratio?

Union Steel Holdings SGX:ZB9 42 Cyclically Adjusted PS Ratio is 0.56 as of Sep. 05, 2026, which is 143% above its 10-year median of 0.23. GuruFocus rates SGX:ZB9 with a GF Score™ of 42/100. The stock has 10 warning signs investors should review. Among 155 Waste Management companies, Union Steel Holdings ranks better than 74.84% on this metric.

As of today (2026-09-05), Union Steel Holdings's current share price is S$0.475. Union Steel Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 was S$0.85. Union Steel Holdings's Cyclically Adjusted PS Ratio for today is 0.56.

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

SGX:ZB9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.23   Max: 0.81
Current: 0.56

During the past 13 years, Union Steel Holdings's highest Cyclically Adjusted PS Ratio was 0.81. The lowest was 0.07. And the median was 0.23.

SGX:ZB9's Cyclically Adjusted PS Ratio is ranked better than
74.84% of 155 companies
in the Waste Management industry
Industry Median: 1.41 vs SGX:ZB9: 0.56

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.

Union Steel Holdings's adjusted revenue per share data of for the fiscal year that ended in Jun26 was S$0.908. 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$0.85 for the trailing ten years ended in Jun26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Steel Holdings  (SGX:ZB9) 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.


Union Steel Holdings Cyclically Adjusted PS Ratio Related Terms


Union Steel Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Union Steel 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.

Union Steel Holdings Cyclically Adjusted PS Ratio Chart

Union Steel Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.30 0.81 0.70 0.57

Union Steel 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 0.81 0.00 0.70 0.00 0.57

SGX:ZB9 vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, Union Steel 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.


Union Steel Holdings Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Union Steel Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:ZB9
42GF Score
Union Steel Holdings Ltd SGX:ZB9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Union Steel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.475/0.85
=0.56

* 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.

Union Steel Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Union Steel Holdings's adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=0.908/333.9520*333.9520
=0.908

Current CPI (Jun26) = 333.9520.

Union Steel Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201706 0.666 244.955 0.908
201806 0.587 251.989 0.778
201906 0.581 256.143 0.757
202006 0.506 257.797 0.655
202106 0.655 271.696 0.805
202206 0.678 296.311 0.764
202306 0.908 305.109 0.994
202406 0.973 314.175 1.034
202506 0.898 322.561 0.930
202606 0.908 333.952 0.908

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 0.56 mean?
Union Steel Holdings (SGX:ZB9) has a Cyclically Adjusted PS Ratio of 0.56 as of Sep. 05, 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 Union Steel Holdings and its competitors. This is 143% above median its historical median of 0.23. Over the past decade, Union Steel Holdings' Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.81. According to the industry distribution chart, Union Steel Holdings ranks #39 out of 155 companies in the Waste Management industry, placing it in the top 25.2%.
Is Union Steel Holdings' Cyclically Adjusted PS Ratio too high?
Union Steel Holdings' current Cyclically Adjusted PS Ratio of 0.56 is 143% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.81. The Waste Management industry median Cyclically Adjusted PS Ratio is 1.41. Union Steel Holdings' value of 0.56 is 60.3% below this industry median. Based on the distribution chart, Union Steel Holdings ranks #39 out of 155 companies in the Waste Management industry, which is above the industry midpoint. Overall, Union Steel Holdings has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Union Steel Holdings' Cyclically Adjusted PS Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Union Steel Holdings ranks #39 out of 155 companies for Cyclically Adjusted PS Ratio. This puts Union Steel Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Union Steel Holdings' value of 0.56 is 60.3% below this benchmark. Historically, Union Steel Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.81 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.41, Union Steel Holdings 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 Waste Management company?
The median Cyclically Adjusted PS Ratio among Waste Management companies is 1.41, based on 155 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. Union Steel Holdings's current Cyclically Adjusted PS Ratio of 0.56 is 60.3% 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 Union Steel Holdings and its competitors. For the Waste Management industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Steel Holdings's current Cyclically Adjusted PS Ratio is 0.56, which is 143% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Steel Holdings stock overvalued right now?
Union Steel Holdings (SGX:ZB9) has a current Cyclically Adjusted PS Ratio of 0.56. The current Cyclically Adjusted PS Ratio is 0.56, which is 143% above median its 10-year median of 0.23 and 60.3% below the Waste Management industry median of 1.41. Union Steel Holdings' overall GF Score™ is 42/100 with 10 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 Union Steel Holdings (SGX:ZB9), the current Cyclically Adjusted PS Ratio is 0.56 as of Sep. 05, 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.

Union Steel Holdings Business Description

Address 33 Pioneer Road North, Singapore, SGP, 628474
Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.
42GF Score

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

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