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Courage Investment GroupSGX:CIN 39 PB Ratio is 0.23 as of Jul. 31, 2026, which is 39% below its 10-year median of 0.38. GuruFocus rates SGX:CIN with a GF Score™ of 39/100 and a GF Value™ of S$0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 965 Transportation companies, Courage Investment Group ranks better than 93.47% on this metric.
The historical rank and industry rank for Courage Investment Group's PB Ratio or its related term are showing as below:
SGX:CIN'
s PB Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.38 Max: 7.56
Current: 0.35
During the past 13 years, Courage Investment Group's highest PB Ratio was 7.56. The lowest was 0.13. And the median was 0.38.
SGX:CIN's PB Ratio is ranked better than 93.47% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs SGX:CIN: 0.35
During the past 12 months, Courage Investment Group's average Book Value Per Share Growth Rate was -1.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.60% 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 -4.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Courage Investment Group was 101.30% per year. The lowest was -42.50% per year. And the median was -5.45% per year.
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.
* 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.
Courage Investment Group PB Ratio Competitor Comparison
For the Marine Shipping subindustry, Courage Investment Group'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.
Courage Investment Group PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Courage Investment Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Courage Investment Group's PB Ratio falls into.
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.
* 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.
Courage Investment Group (SGX:CIN) has a PB Ratio of 0.23 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Courage Investment Group and its competitors. This is 39% below median its historical median of 0.38. Over the past decade, Courage Investment Group's PB Ratio has ranged from 0.13 to 7.56. According to the industry distribution chart, Courage Investment Group ranks #63 out of 965 companies in the Transportation industry, placing it in the top 6.5%.
Is Courage Investment Group's PB Ratio too high?
Courage Investment Group's current PB Ratio of 0.23 is 39% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 7.56. The Transportation industry median PB Ratio is 1.25. Courage Investment Group's value of 0.23 is 81.6% below this industry median. Based on the distribution chart, Courage Investment Group ranks #63 out of 965 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Courage Investment Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Courage Investment Group's PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Courage Investment Group ranks #63 out of 965 companies for PB Ratio. This places Courage Investment Group in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.25. Courage Investment Group's value of 0.23 is 81.6% below this benchmark. Historically, Courage Investment Group's own PB Ratio has ranged from 0.13 to 7.56 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 1.25, Courage Investment Group 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 PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 965 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. Courage Investment Group's current PB Ratio of 0.23 is 81.6% 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 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 Courage Investment Group 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. Courage Investment Group's current PB Ratio is 0.23, which is 39% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Courage Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Courage Investment Group (SGX:CIN) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.02 — trading 60% above its estimated fair value. The current PB Ratio is 0.23, which is 39% below median its 10-year median of 0.38 and 81.6% below the Transportation industry median of 1.25. Courage Investment Group's overall GF Score™ is 39/100 with 2 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 Courage Investment Group (SGX:CIN), the current PB Ratio is 0.23 as of Jul. 31, 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 Courage Investment Group (SGX:CIN) Overvalued in 2026?
Based on GuruFocus' analysis, Courage Investment Group stock appears to be overvalued.
The current stock price of S$0.02 is trading 60% above its estimated GF Value™ of S$0.01.
GuruFocus considers Courage Investment Group to be Significantly Overvalued.
Key valuation signals for SGX:CIN:
PB Ratio: 0.23 (39% below median its 10-year median of 0.38)
GF Value™: S$0.01 vs. price of S$0.02 (60% above fair value)
Industry Position: 81.6% below the Transportation median (#63 of 965)
No single metric tells the full story. See the SGX:CIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment, and Investment holding. It generates maximum revenue from the Marine transportation segment, which comprises mainly the vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.
39GF Score
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