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Singapore Airlines (SGX:C6L) Cyclically Adjusted PS Ratio : 0.77 (As of May. 22, 2024)


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What is Singapore Airlines Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Singapore Airlines's current share price is S$6.76. Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was S$8.73. Singapore Airlines's Cyclically Adjusted PS Ratio for today is 0.77.

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

SGX:C6L' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.66   Max: 0.87
Current: 0.78

During the past years, Singapore Airlines's highest Cyclically Adjusted PS Ratio was 0.87. The lowest was 0.35. And the median was 0.66.

SGX:C6L's Cyclically Adjusted PS Ratio is ranked better than
52.17% of 738 companies
in the Transportation industry
Industry Median: 0.85 vs SGX:C6L: 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 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 data for the three months ended in Mar. 2024 was S$1.603. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is S$8.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singapore Airlines Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Singapore Airlines's Cyclically Adjusted PS 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 PS Ratio Chart

Singapore Airlines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.61 0.60 0.64 0.73

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 PS 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 0.64 0.80 0.73 0.75 0.73

Competitive Comparison of Singapore Airlines's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



Singapore Airlines Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.76/8.73
=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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.603/131.7762*131.7762
=1.603

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.162 100.560 2.833
201409 2.331 100.428 3.059
201412 2.452 99.070 3.261
201503 2.341 99.621 3.097
201506 2.250 100.684 2.945
201509 2.308 100.392 3.030
201512 2.374 99.792 3.135
201603 2.239 100.470 2.937
201606 2.169 101.688 2.811
201609 2.181 101.861 2.822
201612 2.279 101.863 2.948
201703 2.212 102.862 2.834
201706 2.296 103.349 2.928
201709 2.283 104.136 2.889
201712 2.420 104.011 3.066
201803 2.386 105.290 2.986
201806 2.290 106.317 2.838
201809 2.385 106.507 2.951
201812 2.573 105.998 3.199
201903 2.409 107.251 2.960
201906 2.180 108.070 2.658
201909 2.487 108.329 3.025
201912 2.356 108.420 2.864
202003 1.680 108.902 2.033
202006 0.385 108.767 0.466
202009 0.162 109.815 0.194
202012 0.360 109.897 0.432
202103 0.376 111.754 0.443
202106 0.436 114.631 0.501
202109 0.516 115.734 0.588
202112 0.780 117.630 0.874
202203 0.833 121.301 0.905
202206 1.322 125.017 1.393
202209 1.511 125.227 1.590
202212 1.631 125.222 1.716
202303 1.519 127.348 1.572
202306 1.506 128.729 1.542
202309 1.575 129.860 1.598
202312 1.709 129.419 1.740
202403 1.603 131.776 1.603

Add all the adjusted revenue per share together and divide 10 will get our 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.


Singapore Airlines  (SGX:C6L) Cyclically Adjusted PS Ratio Explanation

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


Singapore Airlines Cyclically Adjusted PS Ratio Related Terms

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


Singapore Airlines (SGX:C6L) 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 (SGX:C6L) Headlines

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