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Singapore Airlines (BKK:SIA19) Cyclically Adjusted PB Ratio : 0.77 (As of Jun. 01, 2024)


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What is Singapore Airlines Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Singapore Airlines's current share price is ฿18.20. Singapore Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿23.65. Singapore Airlines's Cyclically Adjusted PB Ratio for today is 0.77.

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

BKK:SIA19' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.73   Max: 0.96
Current: 0.78

During the past years, Singapore Airlines's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.41. And the median was 0.73.

BKK:SIA19's Cyclically Adjusted PB Ratio is ranked better than
70.63% of 715 companies
in the Transportation industry
Industry Median: 1.28 vs BKK:SIA19: 0.78

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Singapore Airlines's adjusted book value per share data for the three months ended in Mar. 2024 was ฿147.316. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ฿23.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Singapore Airlines's Cyclically Adjusted 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.

* Premium members only.

Singapore Airlines Cyclically Adjusted PB Ratio Chart

Singapore Airlines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.68 0.63 0.65 0.74

Singapore Airlines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted 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 0.65 0.81 0.74 0.76 0.74

Competitive Comparison of Singapore Airlines's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Singapore Airlines's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Singapore Airlines's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Singapore Airlines's Cyclically Adjusted PB Ratio falls into.



Singapore Airlines Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Singapore Airlines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.20/23.65
=0.77

* 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 Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Singapore Airlines's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=147.316/131.7762*131.7762
=147.316

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

Book Value per Share CPI Adj_Book
201406 208.809 100.560 273.630
201409 196.655 100.428 258.041
201412 184.328 99.070 245.181
201503 177.847 99.621 235.251
201506 192.925 100.684 252.502
201509 194.240 100.392 254.964
201512 197.629 99.792 260.970
201603 198.121 100.470 259.854
201606 210.133 101.688 272.308
201609 201.601 101.861 260.808
201612 205.707 101.863 266.116
201703 167.046 102.862 214.002
201706 192.294 103.349 245.186
201709 197.127 104.136 249.450
201712 202.560 104.011 256.632
201803 182.182 105.290 228.012
201806 200.264 106.317 248.221
201809 198.758 106.507 245.915
201812 174.230 105.998 216.602
201903 185.328 107.251 227.708
201906 171.262 108.070 208.831
201909 155.438 108.329 189.081
201912 160.784 108.420 195.420
202003 125.409 108.902 151.751
202006 132.525 108.767 160.560
202009 118.138 109.815 141.764
202012 119.270 109.897 143.016
202103 123.074 111.754 145.124
202106 177.480 114.631 204.025
202109 181.699 115.734 206.884
202112 183.477 117.630 205.543
202203 184.817 121.301 200.777
202206 194.803 125.017 205.336
202209 204.553 125.227 215.252
202212 168.344 125.222 177.156
202303 171.869 127.348 177.846
202306 149.683 128.729 153.227
202309 153.348 129.860 155.611
202312 137.579 129.419 140.084
202403 147.316 131.776 147.316

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Singapore Airlines  (BKK:SIA19) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Singapore Airlines Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Singapore Airlines's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Singapore Airlines (BKK:SIA19) Business Description

Traded in Other Exchanges
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 revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

Singapore Airlines (BKK:SIA19) Headlines

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