SATS (SPASY) PB Ratio: 2.34 (As of Jun. 24, 2026) — 18% Below Median


SPASY SATS Ltd SPASY
63 GF Score
Price $34.04
GF Value $31.92
Valuation Fairly Valued
! 9 Warning Signs
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What is SATS PB Ratio?

SATS SPASY 63 PB Ratio is 2.34 as of Jun. 24, 2026, which is 18% below its 10-year median of 2.87. GuruFocus rates SPASY with a GF Score™ of 63/100 and a GF Value™ of $31.92 (Fairly Valued). The stock has 9 warning signs investors should review. Among 971 Transportation companies, SATS ranks worse than 75.08% 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 (2026-06-24), SATS's share price is $34.04. SATS's Book Value per Share for the quarter that ended in Mar. 2026 was $14.55. Hence, SATS's PB Ratio of today is 2.34.

Warning Sign:

SATS Ltd stock PB Ratio (=2.33) is close to 3-year high of 2.4.

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

SPASY' s PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.87   Max: 4.11
Current: 2.33

During the past 13 years, SATS's highest PB Ratio was 4.11. The lowest was 1.50. And the median was 2.87.

SPASY's PB Ratio is ranked worse than
75.08% of 971 companies
in the Transportation industry
Industry Median: 1.25 vs SPASY: 2.33

During the past 12 months, SATS's average Book Value Per Share Growth Rate was 7.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SATS was 21.20% per year. The lowest was -2.70% per year. And the median was 3.30% per year.

Back to Basics: PB Ratio


SATS  (OTCPK:SPASY) 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.


SATS PB Ratio Related Terms


SATS PB Ratio Historical Data

* Premium members only.

The historical data trend for SATS'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.

SATS PB Ratio Chart

SATS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

SATS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

SPASY vs JOBY, CAAP: PB Ratio Comparison

For the Airports & Air Services subindustry, SATS'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.


SATS PB Ratio vs Transportation Industry

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

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


SPASY
63GF Score
SATS Ltd SPASY
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SATS 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.

SATS's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=34.04/14.551
=2.34

* 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 2.34 mean?
SATS (SPASY) has a PB Ratio of 2.34 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SATS and its competitors. This is 18% below median its historical median of 2.87. Over the past decade, SATS's PB Ratio has ranged from 1.50 to 4.11. According to the industry distribution chart, SATS ranks #729 out of 971 companies in the Transportation industry, placing it in the top 75.1%.
Is SATS's PB Ratio too high?
SATS's current PB Ratio of 2.34 is 18% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.11. The Transportation industry median PB Ratio is 1.25. SATS's value of 2.34 is 87.2% above this industry median. Based on the distribution chart, SATS ranks #729 out of 971 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, SATS has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SATS's PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, SATS ranks #729 out of 971 companies for PB Ratio. This places SATS in the lower half of its industry. The industry median PB Ratio is 1.25. SATS's value of 2.34 is 87.2% above this benchmark. Historically, SATS's own PB Ratio has ranged from 1.50 to 4.11 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.25, SATS 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 1.25, based on 971 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. SATS's current PB Ratio of 2.34 is 87.2% 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 SATS and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SATS's current PB Ratio is 2.34, which is 18% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SATS stock overvalued right now?
Based on GuruFocus' analysis, SATS (SPASY) is currently considered Fairly Valued. The stock's GF Value™ is $31.92, compared to a current price of $34.04 — trading 6.6% above its estimated fair value. The current PB Ratio is 2.34, which is 18% below median its 10-year median of 2.87 and 87.2% above the Transportation industry median of 1.25. SATS's overall GF Score™ is 63/100 with 9 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 SATS (SPASY), the current PB Ratio is 2.34 as of Jun. 24, 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 SATS (SPASY) Overvalued in 2026?

Based on GuruFocus' analysis, SATS stock appears to be overvalued. The current stock price of $34.04 is trading 6.6% above its estimated GF Value™ of $31.92. GuruFocus considers SATS to be Fairly Valued.

Key valuation signals for SPASY:

  • PB Ratio: 2.34 (18% below median its 10-year median of 2.87)
  • GF Value™: $31.92 vs. price of $34.04 (6.6% above fair value)
  • GF Score™: 63/100 with 9 warning signs
  • Industry Position: 87.2% above the Transportation median (#729 of 971)

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


SATS Business Description

Address 20 Airport Boulevard, SATS Inflight Catering Centre 1, Singapore, SGP, 819659
SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.
63GF Score

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

$34.04
Price
$31.92
GF Value