SBS Transit (SGX:S61) PB Ratio: 2.02 (As of Sep. 08, 2026) — 26% Above Median

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Director of Data and Quant Analytics at GuruFocus
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SGX:S61 SBS Transit Ltd SGX:S61
83 GF Score
Price S$3.76
GF Value S$2.68
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is SBS Transit PB Ratio?

SBS Transit SGX:S61 83 PB Ratio is 2.02 as of Sep. 08, 2026, which is 26% above its 10-year median of 1.60. GuruFocus rates SGX:S61 with a GF Score™ of 83/100 and a GF Value™ of S$2.68 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 976 Transportation companies, SBS Transit ranks worse than 69.36% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-09-08), SBS Transit's share price is S$3.76. SBS Transit's Book Value per Share for the quarter that ended in Jun. 2026 was S$1.87. Hence, SBS Transit's PB Ratio of today is 2.02.

Warning Sign:

SBS Transit Ltd stock PB Ratio (=2.02) is close to 5-year high of 2.02.

The historical rank and industry rank for SBS Transit's PB Ratio or its related term are showing as below:

SGX:S61' s PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.6   Max: 2.66
Current: 2.02

During the past 13 years, SBS Transit's highest PB Ratio was 2.66. The lowest was 1.05. And the median was 1.60.

SGX:S61's PB Ratio is ranked worse than
69.36% of 976 companies
in the Transportation industry
Industry Median: 1.315 vs SGX:S61: 2.02

During the past 12 months, SBS Transit's average Book Value Per Share Growth Rate was -14.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SBS Transit was 13.40% per year. The lowest was -6.40% per year. And the median was 5.95% per year.

Back to Basics: PB Ratio


SBS Transit  (SGX:S61) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


SBS Transit PB Ratio Related Terms


SBS Transit PB Ratio Historical Data

* Premium members only.

The historical data trend for SBS Transit's PB 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.

SBS Transit PB Ratio Chart

SBS Transit Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.25 1.22 1.06 1.47

SBS Transit Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
PB 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 1.10 1.06 1.29 1.47 2.01

SGX:S61 vs UNP, CSX, NSC: PB Ratio Comparison

For the Railroads subindustry, SBS Transit's PB Ratio, along with its competitors' market caps and PB 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.


SBS Transit PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, SBS Transit's PB Ratio distribution charts can be found below:

* The bar in red indicates where SBS Transit's PB Ratio falls into.


SGX:S61
83GF Score
SBS Transit Ltd SGX:S61
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBS Transit PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

SBS Transit's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=3.76/1.866
=2.02

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.02 mean?
SBS Transit (SGX:S61) has a PB Ratio of 2.02 as of Sep. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SBS Transit and its competitors. This is 26% above median its historical median of 1.60. Over the past decade, SBS Transit's PB Ratio has ranged from 1.05 to 2.66. According to the industry distribution chart, SBS Transit ranks #677 out of 976 companies in the Transportation industry, placing it in the top 69.4%.
Is SBS Transit's PB Ratio too high?
SBS Transit's current PB Ratio of 2.02 is 26% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.66. The Transportation industry median PB Ratio is 1.32. SBS Transit's value of 2.02 is 53.6% above this industry median. Based on the distribution chart, SBS Transit ranks #677 out of 976 companies in the Transportation industry, which is below the industry midpoint. Overall, SBS Transit has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBS Transit's PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, SBS Transit ranks #677 out of 976 companies for PB Ratio. This places SBS Transit in the lower half of its industry. The industry median PB Ratio is 1.32. SBS Transit's value of 2.02 is 53.6% above this benchmark. Historically, SBS Transit's own PB Ratio has ranged from 1.05 to 2.66 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 1.32, SBS Transit 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 PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.32, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBS Transit's current PB Ratio of 2.02 is 53.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SBS Transit and its competitors. For the Transportation industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBS Transit's current PB Ratio is 2.02, which is 26% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBS Transit stock overvalued right now?
Based on GuruFocus' analysis, SBS Transit (SGX:S61) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.68, compared to a current price of S$3.76 — trading 40.3% above its estimated fair value. The current PB Ratio is 2.02, which is 26% above median its 10-year median of 1.60 and 53.6% above the Transportation industry median of 1.32. SBS Transit's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For SBS Transit (SGX:S61), the current PB Ratio is 2.02 as of Sep. 08, 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 SBS Transit (SGX:S61) Overvalued in 2026?

Based on GuruFocus' analysis, SBS Transit stock appears to be overvalued. The current stock price of S$3.76 is trading 40.3% above its estimated GF Value™ of S$2.68. GuruFocus considers SBS Transit to be Significantly Overvalued.

Key valuation signals for SGX:S61:

  • PB Ratio: 2.02 (26% above median its 10-year median of 1.60)
  • GF Value™: S$2.68 vs. price of S$3.76 (40.3% above fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 53.6% above the Transportation median (#677 of 976)

No single metric tells the full story. See the SGX:S61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBS Transit Business Description

Address 91 Sengkang East Avenue, Singapore, SGP, 545072
SBS Transit Ltd is engaged in providing public transport services and consultancy services relating to land transport. The provision of public transport services includes the operation of public buses and rail transit systems in Singapore. The company's operating segments are Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains, and rental collection from commercial and shop space at bus interchanges and rail stations. The majority of the company's revenue is generated from the Public Transport Services segment.
83GF Score

Get the complete analysis for SGX:S61

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

S$3.76
Price
S$2.68
GF Value