Malaysian Resources Bhd (XKLS:1651) Cyclically Adjusted Book per Share: RM1.26 (As of Mar. 2026)


XKLS:1651 Malaysian Resources Corp Bhd XKLS:1651
41 GF Score
Price RM0.33
GF Value RM0.39
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Malaysian Resources Bhd Cyclically Adjusted Book per Share?

Malaysian Resources Bhd XKLS:1651 -2.94% 41 Cyclically Adjusted Book per Share is RM1.26 as of Mar. 2026. GuruFocus rates XKLS:1651 with a GF Score™ of 41/100 and a GF Value™ of RM0.39 (Modestly Undervalued). The stock has 8 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.

Malaysian Resources Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM1.035. 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 RM1.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Malaysian Resources Bhd's average Cyclically Adjusted Book Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Malaysian Resources Bhd was 5.30% per year. The lowest was 0.50% per year. And the median was 2.80% per year.

As of today (2026-07-09), Malaysian Resources Bhd's current stock price is RM0.33. Malaysian Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.26. Malaysian Resources Bhd's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Malaysian Resources Bhd was 0.56. The lowest was 0.22. And the median was 0.36.


Malaysian Resources Bhd  (XKLS:1651) 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.

Malaysian Resources Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.33/1.26
=0.26

* 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 Malaysian Resources Bhd was 0.56. The lowest was 0.22. And the median was 0.36.


Be Aware

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


Malaysian Resources Bhd Cyclically Adjusted Book per Share Related Terms


Malaysian Resources Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Malaysian Resources 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.

Malaysian Resources Bhd Cyclically Adjusted Book per Share Chart

Malaysian Resources 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 1.17 1.23 1.26 1.27 1.25

Malaysian Resources 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 1.27 1.27 1.27 1.25 1.26

XKLS:1651 vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, Malaysian Resources 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.


Malaysian Resources Bhd Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Malaysian Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1651
41GF Score
Malaysian Resources Corp Bhd XKLS:1651
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysian Resources 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, Malaysian Resources 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)
=1.035/330.2130*330.2130
=1.035

Current CPI (Mar. 2026) = 330.2130.

Malaysian Resources Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.180 241.018 1.617
201609 1.080 241.428 1.477
201612 1.190 241.432 1.628
201703 1.197 243.801 1.621
201706 1.203 244.955 1.622
201709 0.682 246.819 0.912
201712 1.098 246.524 1.471
201803 1.103 249.554 1.460
201806 1.110 251.989 1.455
201809 1.093 252.439 1.430
201812 1.100 251.233 1.446
201903 1.100 254.202 1.429
201906 1.103 256.143 1.422
201909 1.084 256.759 1.394
201912 1.080 256.974 1.388
202003 1.090 258.115 1.394
202006 1.031 257.797 1.321
202009 1.031 260.280 1.308
202012 1.031 260.474 1.307
202103 1.033 264.877 1.288
202106 1.002 271.696 1.218
202109 0.995 274.310 1.198
202112 1.010 278.802 1.196
202203 1.013 287.504 1.163
202206 1.006 296.311 1.121
202209 1.011 296.808 1.125
202212 1.014 296.797 1.128
202303 1.016 301.836 1.112
202306 1.009 305.109 1.092
202309 1.009 307.789 1.083
202312 1.028 306.746 1.107
202403 1.029 312.332 1.088
202406 1.030 314.175 1.083
202409 1.032 315.301 1.081
202412 1.033 315.605 1.081
202503 1.035 319.799 1.069
202506 1.028 322.561 1.052
202509 1.029 324.800 1.046
202512 1.034 324.054 1.054
202603 1.035 330.213 1.035

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 RM1.26 mean?
Malaysian Resources Bhd (XKLS:1651) has a Cyclically Adjusted Book per Share of RM1.26 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 Malaysian Resources Bhd and its competitors.
Is Malaysian Resources Bhd's Cyclically Adjusted Book per Share too high?
Malaysian Resources Bhd's current Cyclically Adjusted Book per Share is RM1.26. Overall, Malaysian Resources Bhd has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malaysian Resources Bhd's Cyclically Adjusted Book per Share compare to PWR and FIX?
Malaysian Resources Bhd's Cyclically Adjusted Book per Share of RM1.26 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Malaysian Resources Bhd and its competitors. Malaysian Resources Bhd's current Cyclically Adjusted Book per Share is RM1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysian Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysian Resources Bhd (XKLS:1651) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.39, compared to a current price of RM0.33 — trading 15.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM1.26. Malaysian Resources Bhd's overall GF Score™ is 41/100 with 8 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 Malaysian Resources Bhd (XKLS:1651), the current Cyclically Adjusted Book per Share is RM1.26 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 Malaysian Resources Bhd (XKLS:1651) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysian Resources Bhd stock appears to be undervalued. The current stock price of RM0.33 is trading 15.4% below its estimated GF Value™ of RM0.39. GuruFocus considers Malaysian Resources Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:1651:

  • Cyclically Adjusted Book per Share: RM1.26
  • GF Value™: RM0.39 vs. price of RM0.33 (15.4% below fair value)
  • GF Score™: 41/100 with 8 warning signs

No single metric tells the full story. See the XKLS:1651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysian Resources Bhd Business Description

Address No. 203, Jalan Tun Sambanthan, Level 30, Menara Allianz Sentral, Kuala Lumpur Sentral, Kuala Lumpur, MYS, 50470
Malaysian Resources Corp Bhd is an investment holding company engaged in construction and property development. The group has four reportable segments: Property development and Investment, Engineering, Construction and environment, which generates the majority of revenue, facilities management and parking, and others. Geographically, it derives the majority of its revenue from Malaysia and also has a presence in Australia and New Zealand.
41GF Score

Get the complete analysis for XKLS:1651

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

RM0.33
Price
RM0.39
GF Value