SINGY (Singapore Airlines) Cyclically Adjusted PS Ratio: 0.97 (As of Aug. 02, 2026) — 37% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SINGY Singapore Airlines Ltd SINGY
79 GF Score
Price $11.91
GF Value $11.04
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Singapore Airlines Cyclically Adjusted PS Ratio?

Singapore Airlines SINGY +0.68% 79 Cyclically Adjusted PS Ratio is 0.97 as of Aug. 02, 2026, which is 37% above its 10-year median of 0.71. GuruFocus rates SINGY with a GF Score™ of 79/100 and a GF Value™ of $11.04 (Fairly Valued). The stock has 9 warning signs investors should review. Among 763 Transportation companies, Singapore Airlines ranks worse than 52.03% on this metric.

As of today (2026-08-02), Singapore Airlines's current share price is $11.91. Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $12.27. Singapore Airlines's Cyclically Adjusted PS Ratio for today is 0.97.

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

SINGY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.71   Max: 0.97
Current: 0.96

During the past years, Singapore Airlines's highest Cyclically Adjusted PS Ratio was 0.97. The lowest was 0.35. And the median was 0.71.

SINGY's Cyclically Adjusted PS Ratio is ranked worse than
52.03% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs SINGY: 0.96

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 Jun. 2026 was $2.810. 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 $12.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines  (OTCPK:SINGY) 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


Singapore Airlines Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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.

Singapore Airlines Cyclically Adjusted PS Ratio Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.64 0.73 0.82 0.83

Singapore Airlines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.85 0.80 0.80 0.83 0.97

SINGY vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.


SINGY
79GF Score
Singapore Airlines Ltd SINGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=11.91/12.27
=0.97

* 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 Jun. 2026 is calculated as:

For example, Singapore Airlines's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.81/333.9520*333.9520
=2.810

Current CPI (Jun. 2026) = 333.9520.

Singapore Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.210 241.428 4.440
201612 3.175 241.432 4.392
201703 3.149 243.801 4.313
201706 3.320 244.955 4.526
201709 3.384 246.819 4.579
201712 3.595 246.524 4.870
201803 3.631 249.554 4.859
201806 3.397 251.989 4.502
201809 3.479 252.439 4.602
201812 3.756 251.233 4.993
201903 3.558 254.202 4.674
201906 3.201 256.143 4.173
201909 3.607 256.759 4.691
201912 3.474 256.974 4.515
202003 2.371 258.115 3.068
202006 0.553 257.797 0.716
202009 0.238 260.280 0.305
202012 0.540 260.474 0.692
202103 0.560 264.877 0.706
202106 0.654 271.696 0.804
202109 0.766 274.310 0.933
202112 1.145 278.802 1.371
202203 1.226 287.504 1.424
202206 1.911 296.311 2.154
202209 2.137 296.808 2.404
202212 2.414 296.797 2.716
202303 2.266 301.836 2.507
202306 2.238 305.109 2.450
202309 2.309 307.789 2.505
202312 2.566 306.746 2.794
202403 2.392 312.332 2.558
202406 1.917 314.175 2.038
202409 2.401 315.301 2.543
202412 2.462 315.605 2.605
202503 2.431 319.799 2.539
202506 2.449 322.561 2.535
202509 2.466 324.800 2.535
202512 2.705 324.054 2.788
202603 2.634 330.213 2.664
202606 2.810 333.952 2.810

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 0.97 mean?
Singapore Airlines (SINGY) has a Cyclically Adjusted PS Ratio of 0.97 as of Aug. 02, 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 Singapore Airlines and its competitors. This is 37% above median its historical median of 0.71. Over the past decade, Singapore Airlines' Cyclically Adjusted PS Ratio has ranged from 0.35 to 0.97. According to the industry distribution chart, Singapore Airlines ranks #397 out of 763 companies in the Transportation industry, placing it in the top 52%.
Is Singapore Airlines' Cyclically Adjusted PS Ratio too high?
Singapore Airlines' current Cyclically Adjusted PS Ratio of 0.97 is 37% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.97. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Singapore Airlines' value of 0.97 is 7.8% above this industry median. Based on the distribution chart, Singapore Airlines ranks #397 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #397 out of 763 companies for Cyclically Adjusted PS Ratio. This places Singapore Airlines in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Singapore Airlines' value of 0.97 is 7.8% above this benchmark. Historically, Singapore Airlines' own Cyclically Adjusted PS Ratio has ranged from 0.35 to 0.97 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.90, Singapore Airlines 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 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. Singapore Airlines's current Cyclically Adjusted PS Ratio of 0.97 is 7.8% 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 Singapore Airlines and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Cyclically Adjusted PS Ratio is 0.97, which is 37% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGY) is currently considered Fairly Valued. The stock's GF Value™ is $11.04, compared to a current price of $11.91 — trading 7.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is 37% above median its 10-year median of 0.71 and 7.8% above the Transportation industry median of 0.90. Singapore Airlines' overall GF Score™ is 79/100 with 9 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 Singapore Airlines (SINGY), the current Cyclically Adjusted PS Ratio is 0.97 as of Aug. 02, 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 Singapore Airlines (SINGY) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued. The current stock price of $11.91 is trading 7.9% above its estimated GF Value™ of $11.04. GuruFocus considers Singapore Airlines to be Fairly Valued.

Key valuation signals for SINGY:

  • Cyclically Adjusted PS Ratio: 0.97 (37% above median its 10-year median of 0.71)
  • GF Value™: $11.04 vs. price of $11.91 (7.9% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 7.8% above the Transportation median (#397 of 763)

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


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.
79GF Score

Get the complete analysis for SINGY

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

$11.91
Price
$11.04
GF Value