SINGF (Singapore Airlines) Cyclically Adjusted Revenue per Share: $6.01 (As of Mar. 2026)


SINGF Singapore Airlines Ltd SINGF
78 GF Score
Price $5.50
GF Value $5.25
Valuation Fairly Valued
! 8 Warning Signs
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What is Singapore Airlines Cyclically Adjusted Revenue per Share?

Singapore Airlines SINGF -3.51% 78 Cyclically Adjusted Revenue per Share is $6.01 as of Mar. 2026. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.25 (Fairly Valued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was $1.317. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $6.01 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Singapore Airlines's average Cyclically Adjusted Revenue Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Singapore Airlines was 1.90% per year. The lowest was -3.90% per year. And the median was -2.00% per year.

As of today (2026-07-06), Singapore Airlines's current stock price is $5.50. Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $6.01. Singapore Airlines's Cyclically Adjusted PS Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Singapore Airlines was 0.96. The lowest was 0.35. And the median was 0.71.


Singapore Airlines  (OTCPK:SINGF) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.50/6.01
=0.92

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Singapore Airlines was 0.96. The lowest was 0.35. And the median was 0.71.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Singapore Airlines Cyclically Adjusted Revenue per Share Related Terms


Singapore Airlines Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Singapore Airlines's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.73 6.75 6.57 6.00 6.01

Singapore Airlines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 6.00 6.19 6.30 6.03 6.01

SINGF vs DAL, UAL, LUV: Cyclically Adjusted Revenue per Share 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.


SINGF
78GF Score
Singapore Airlines Ltd SINGF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Airlines Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.317/330.2130*330.2130
=1.317

Current CPI (Mar. 2026) = 330.2130.

Singapore Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.603 241.018 2.196
201609 1.605 241.428 2.195
201612 1.587 241.432 2.171
201703 1.574 243.801 2.132
201706 1.660 244.955 2.238
201709 1.692 246.819 2.264
201712 1.798 246.524 2.408
201803 1.815 249.554 2.402
201806 1.699 251.989 2.226
201809 1.740 252.439 2.276
201812 1.878 251.233 2.468
201903 1.779 254.202 2.311
201906 1.601 256.143 2.064
201909 1.803 256.759 2.319
201912 1.737 256.974 2.232
202003 1.186 258.115 1.517
202006 0.276 257.797 0.354
202009 0.119 260.280 0.151
202012 0.270 260.474 0.342
202103 0.280 264.877 0.349
202106 0.327 271.696 0.397
202109 0.383 274.310 0.461
202112 0.572 278.802 0.677
202203 0.613 287.504 0.704
202206 0.955 296.311 1.064
202209 1.068 296.808 1.188
202212 1.207 296.797 1.343
202303 1.133 301.836 1.240
202306 1.119 305.109 1.211
202309 1.155 307.789 1.239
202312 1.283 306.746 1.381
202403 1.196 312.332 1.264
202406 0.958 314.175 1.007
202409 1.201 315.301 1.258
202412 1.231 315.605 1.288
202503 1.215 319.799 1.255
202506 1.224 322.561 1.253
202509 1.233 324.800 1.254
202512 1.353 324.054 1.379
202603 1.317 330.213 1.317

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $6.01 mean?
Singapore Airlines (SINGF) has a Cyclically Adjusted Revenue per Share of $6.01 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Singapore Airlines and its competitors.
Is Singapore Airlines' Cyclically Adjusted Revenue per Share too high?
Singapore Airlines' current Cyclically Adjusted Revenue per Share is $6.01. Overall, Singapore Airlines has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Cyclically Adjusted Revenue per Share compare to DAL and UAL?
Singapore Airlines' Cyclically Adjusted Revenue per Share of $6.01 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Singapore Airlines and its competitors. Singapore Airlines's current Cyclically Adjusted Revenue per Share is $6.01. 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 (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.25, compared to a current price of $5.50 — trading 4.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $6.01. Singapore Airlines' overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Singapore Airlines (SINGF), the current Cyclically Adjusted Revenue per Share is $6.01 as of Mar. 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 (SINGF) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued. The current stock price of $5.50 is trading 4.8% above its estimated GF Value™ of $5.25. GuruFocus considers Singapore Airlines to be Fairly Valued.

Key valuation signals for SINGF:

  • Cyclically Adjusted Revenue per Share: $6.01
  • GF Value™: $5.25 vs. price of $5.50 (4.8% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the SINGF 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.
78GF Score

Get the complete analysis for SINGF

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

$5.50
Price
$5.25
GF Value