MAA Group Bhd (XKLS:1198) Cyclically Adjusted Book per Share: RM2.14 (As of Mar. 2026)


XKLS:1198 MAA Group Bhd XKLS:1198
15 GF Score
Price RM0.16
GF Value RM0.23
Valuation Possible Value Trap
! 3 Warning Signs
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What is MAA Group Bhd Cyclically Adjusted Book per Share?

MAA Group Bhd XKLS:1198 15 Cyclically Adjusted Book per Share is RM2.14 as of Mar. 2026. GuruFocus rates XKLS:1198 with a GF Score™ of 15/100 and a GF Value™ of RM0.23 (Possible Value Trap). The stock has 3 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.

MAA Group Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM1.164. 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 RM2.14 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.80% 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 MAA Group Bhd was 6.50% per year. The lowest was 1.10% per year. And the median was 2.80% per year.

As of today (2026-07-07), MAA Group Bhd's current stock price is RM0.16. MAA Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.14. MAA Group Bhd's Cyclically Adjusted PB Ratio of today is 0.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MAA Group Bhd was 0.55. The lowest was 0.07. And the median was 0.18.


MAA Group Bhd  (XKLS:1198) 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.

MAA Group Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.16/2.14
=0.07

* 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 MAA Group Bhd was 0.55. The lowest was 0.07. And the median was 0.18.


Be Aware

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


MAA Group Bhd Cyclically Adjusted Book per Share Related Terms


MAA Group Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for MAA Group 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.

MAA Group Bhd Cyclically Adjusted Book per Share Chart

MAA Group Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 2.07 2.10 2.13 2.14

MAA Group Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.14 2.14 2.14 2.12 2.14

XKLS:1198 vs BRK.A, AIG, HIG: Cyclically Adjusted Book per Share Comparison

For the Insurance - Diversified subindustry, MAA Group 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.


MAA Group Bhd Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, MAA Group Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1198
15GF Score
MAA Group Bhd XKLS:1198
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAA Group 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, MAA Group Bhd's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.164/330.2130*330.2130
=1.164

Current CPI (Mar. 2026) = 330.2130.

MAA Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.369 241.018 3.246
201609 2.080 241.428 2.845
201612 1.998 241.432 2.733
201703 1.961 243.801 2.656
201706 2.048 244.955 2.761
201709 2.053 246.819 2.747
201712 2.045 246.524 2.739
201803 1.965 249.554 2.600
201806 1.940 251.989 2.542
201809 1.934 252.439 2.530
201812 1.938 251.233 2.547
201903 1.960 254.202 2.546
201906 1.953 256.143 2.518
201909 1.892 256.759 2.433
201912 1.848 256.974 2.375
202003 1.709 258.115 2.186
202006 1.822 257.797 2.334
202009 1.918 260.280 2.433
202012 2.021 260.474 2.562
202103 2.060 264.877 2.568
202106 2.037 271.696 2.476
202109 2.033 274.310 2.447
202112 2.058 278.802 2.437
202203 1.732 287.504 1.989
202206 1.463 296.311 1.630
202209 1.444 296.808 1.607
202212 1.477 296.797 1.643
202303 1.513 301.836 1.655
202306 1.522 305.109 1.647
202309 1.379 307.789 1.479
202312 0.000 306.746 0.000
202403 1.470 312.332 1.554
202406 1.496 314.175 1.572
202409 1.405 315.301 1.471
202412 1.465 315.605 1.533
202503 1.387 319.799 1.432
202506 1.243 322.561 1.272
202509 1.223 324.800 1.243
202512 1.220 324.054 1.243
202603 1.164 330.213 1.164

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 RM2.14 mean?
MAA Group Bhd (XKLS:1198) has a Cyclically Adjusted Book per Share of RM2.14 as of Mar. 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 MAA Group Bhd and its competitors.
Is MAA Group Bhd's Cyclically Adjusted Book per Share too high?
MAA Group Bhd's current Cyclically Adjusted Book per Share is RM2.14. Overall, MAA Group Bhd has a GF Score™ of 15/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MAA Group Bhd's Cyclically Adjusted Book per Share compare to BRK.A and AIG?
MAA Group Bhd's Cyclically Adjusted Book per Share of RM2.14 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 MAA Group Bhd and its competitors. MAA Group Bhd's current Cyclically Adjusted Book per Share is RM2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAA Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, MAA Group Bhd (XKLS:1198) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.16 — trading 30.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM2.14. MAA Group Bhd's overall GF Score™ is 15/100 with 3 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 MAA Group Bhd (XKLS:1198), the current Cyclically Adjusted Book per Share is RM2.14 as of Mar. 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 MAA Group Bhd (XKLS:1198) Overvalued in 2026?

Based on GuruFocus' analysis, MAA Group Bhd stock appears to be undervalued. The current stock price of RM0.16 is trading 30.4% below its estimated GF Value™ of RM0.23. GuruFocus considers MAA Group Bhd to be Possible Value Trap.

Key valuation signals for XKLS:1198:

  • Cyclically Adjusted Book per Share: RM2.14
  • GF Value™: RM0.23 vs. price of RM0.16 (30.4% below fair value)
  • GF Score™: 15/100 with 3 warning signs

No single metric tells the full story. See the XKLS:1198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAA Group Bhd Business Description

Address No. 566 Jalan Ipoh, 13th Floor, Kuala Lumpur, MYS, 51200
MAA Group Bhd is an investment holding company. The company along with its subsidiaries operates in given segments Investment holdings segment is engaged in investment holdings. General Insurance involves the underwriting of all classes of general insurance business. Education Services segment provides private tuition to students, tertiary education for certificates, diplomas, professional and post-graduate degrees; Credit Services involves provision of money lending, debt factoring and other credit activities and Hospitality Services involves provision of hospitality services, Cinema Services food and beverage, retailer of Cigars, and other services including logistics, renovation, facilities management service. It generates maximum revenue from the General insurance segment.
15GF Score

Get the complete analysis for XKLS:1198

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

RM0.16
Price
RM0.23
GF Value