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Singapore Airlines (FRA:SIA1) Cyclically Adjusted PB Ratio : 0.79 (As of Jun. 08, 2024)


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What is Singapore Airlines Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Singapore Airlines's current share price is €4.64. Singapore Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.91. Singapore Airlines's Cyclically Adjusted PB Ratio for today is 0.79.

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

FRA:SIA1' 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.

FRA:SIA1's Cyclically Adjusted PB Ratio is ranked better than
70.95% of 723 companies
in the Transportation industry
Industry Median: 1.25 vs FRA:SIA1: 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 €3.770. 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 €5.91 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
=4.64/5.91
=0.79

* 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)
=3.77/131.7762*131.7762
=3.770

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.730 100.560 6.198
201409 4.740 100.428 6.220
201412 4.545 99.070 6.045
201503 5.037 99.621 6.663
201506 5.098 100.684 6.672
201509 4.806 100.392 6.308
201512 5.040 99.792 6.655
201603 5.053 100.470 6.627
201606 5.303 101.688 6.872
201609 5.175 101.861 6.695
201612 5.451 101.863 7.052
201703 4.478 102.862 5.737
201706 5.035 103.349 6.420
201709 4.991 104.136 6.316
201712 5.248 104.011 6.649
201803 4.727 105.290 5.916
201806 5.277 106.317 6.541
201809 5.228 106.507 6.468
201812 4.682 105.998 5.821
201903 5.168 107.251 6.350
201906 4.873 108.070 5.942
201909 4.619 108.329 5.619
201912 4.792 108.420 5.824
202003 3.536 108.902 4.279
202006 3.779 108.767 4.578
202009 3.197 109.815 3.836
202012 3.259 109.897 3.908
202103 3.357 111.754 3.958
202106 4.685 114.631 5.386
202109 4.666 115.734 5.313
202112 4.838 117.630 5.420
202203 5.048 121.301 5.484
202206 5.277 125.017 5.562
202209 5.574 125.227 5.866
202212 4.571 125.222 4.810
202303 4.658 127.348 4.820
202306 3.957 128.729 4.051
202309 4.004 129.860 4.063
202312 3.607 129.419 3.673
202403 3.770 131.776 3.770

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  (FRA:SIA1) 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 (FRA:SIA1) 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 (FRA:SIA1) Headlines

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