RHB Bank Bhd (XKLS:1066) Cyclically Adjusted Book per Share: RM7.89 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:1066 RHB Bank Bhd XKLS:1066
64 GF Score
Price RM8.29
GF Value RM6.87
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is RHB Bank Bhd Cyclically Adjusted Book per Share?

RHB Bank Bhd XKLS:1066 -0.24% 64 Cyclically Adjusted Book per Share is RM7.89 as of Jun. 2026. GuruFocus rates XKLS:1066 with a GF Score™ of 64/100 and a GF Value™ of RM6.87 (Modestly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

RHB Bank Bhd's adjusted book value per share for the three months ended in Jun. 2026 was RM7.800. 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 RM7.89 for the trailing ten years ended in Jun. 2026.

During the past 12 months, RHB Bank Bhd's average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of RHB Bank Bhd was 6.00% per year. The lowest was 1.40% per year. And the median was 3.10% per year.

As of today (2026-09-06), RHB Bank Bhd's current stock price is RM8.29. RHB Bank Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM7.89. RHB Bank Bhd's Cyclically Adjusted PB Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RHB Bank Bhd was 1.12. The lowest was 0.67. And the median was 0.80.


RHB Bank Bhd  (XKLS:1066) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

RHB Bank Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.29/7.89
=1.05

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RHB Bank Bhd was 1.12. The lowest was 0.67. And the median was 0.80.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


RHB Bank Bhd Cyclically Adjusted Book per Share Related Terms


RHB Bank Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for RHB Bank Bhd's Cyclically Adjusted Book per Share 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.

RHB Bank Bhd Cyclically Adjusted Book per Share Chart

RHB Bank Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.03 7.46 7.63 7.71 7.77

RHB Bank Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 7.77 7.79 7.77 7.85 7.89

RHB Bank Bhd Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, RHB Bank Bhd'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.


RHB Bank Bhd Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, RHB Bank Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RHB Bank Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:1066
64GF Score
RHB Bank Bhd XKLS:1066
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RHB Bank Bhd Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, RHB Bank Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.8/333.9520*333.9520
=7.800

Current CPI (Jun. 2026) = 333.9520.

RHB Bank Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.394 241.428 7.461
201612 5.423 241.432 7.501
201703 5.562 243.801 7.619
201706 5.627 244.955 7.671
201709 5.744 246.819 7.772
201712 5.773 246.524 7.820
201803 5.575 249.554 7.460
201806 5.615 251.989 7.441
201809 5.824 252.439 7.705
201812 5.825 251.233 7.743
201903 6.079 254.202 7.986
201906 6.197 256.143 8.079
201909 6.439 256.759 8.375
201912 6.428 256.974 8.354
202003 6.495 258.115 8.403
202006 6.616 257.797 8.570
202009 6.807 260.280 8.734
202012 6.739 260.474 8.640
202103 6.653 264.877 8.388
202106 6.765 271.696 8.315
202109 6.724 274.310 8.186
202112 6.758 278.802 8.095
202203 6.775 287.504 7.870
202206 6.512 296.311 7.339
202209 6.603 296.808 7.429
202212 6.765 296.797 7.612
202303 6.972 301.836 7.714
202306 7.008 305.109 7.670
202309 6.978 307.789 7.571
202312 7.203 306.746 7.842
202403 7.398 312.332 7.910
202406 7.265 314.175 7.722
202409 7.277 315.301 7.707
202412 7.453 315.605 7.886
202503 7.390 319.799 7.717
202506 7.652 322.561 7.922
202509 7.712 324.800 7.929
202512 7.828 324.054 8.067
202603 7.582 330.213 7.668
202606 7.800 333.952 7.800

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

What does a Cyclically Adjusted Book per Share of RM7.89 mean?
RHB Bank Bhd (XKLS:1066) has a Cyclically Adjusted Book per Share of RM7.89 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on RHB Bank Bhd and its competitors.
Is RHB Bank Bhd's Cyclically Adjusted Book per Share too high?
RHB Bank Bhd's current Cyclically Adjusted Book per Share is RM7.89. Overall, RHB Bank Bhd has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RHB Bank Bhd's Cyclically Adjusted Book per Share compare to competitors?
RHB Bank Bhd's Cyclically Adjusted Book per Share of RM7.89 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on RHB Bank Bhd and its competitors. RHB Bank Bhd's current Cyclically Adjusted Book per Share is RM7.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RHB Bank Bhd stock overvalued right now?
Based on GuruFocus' analysis, RHB Bank Bhd (XKLS:1066) is currently considered Modestly Overvalued. The stock's GF Value™ is RM6.87, compared to a current price of RM8.29 — trading 20.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is RM7.89. RHB Bank Bhd's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For RHB Bank Bhd (XKLS:1066), the current Cyclically Adjusted Book per Share is RM7.89 as of Jun. 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 RHB Bank Bhd (XKLS:1066) Overvalued in 2026?

Based on GuruFocus' analysis, RHB Bank Bhd stock appears to be overvalued. The current stock price of RM8.29 is trading 20.7% above its estimated GF Value™ of RM6.87. GuruFocus considers RHB Bank Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:1066:

  • Cyclically Adjusted Book per Share: RM7.89
  • GF Value™: RM6.87 vs. price of RM8.29 (20.7% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the XKLS:1066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RHB Bank Bhd Business Description

Address Jalan Tun Razak, Level 10, Tower One, RHB Centre, Kuala Lumpur, SGR, MYS, 50400
RHB Bank Bhd is a financial services group in Malaysia. It engages in commercial banking and finance-related business and the provision of related services. The Group is involved in commercial banking and finance-related business, Islamic banking, investment banking, stock broking, leasing, offshore banking, property investment, general insurance, unit trust management, asset management, nominee and custodian services. Its operating segment comprises Group Community Banking, Group Wholesale Banking, Group International Business, Insurance, Support Center, and Others. Its geographic segments comprise Malaysia and Outside Malaysia. It generates the majority of its revenue from Malaysia.
64GF Score

Get the complete analysis for XKLS:1066

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM8.29
Price
RM6.87
GF Value