IOI Bhd (XKLS:1961) Cyclically Adjusted Book per Share: RM1.88 (As of Mar. 2026)

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XKLS:1961 IOI Corp Bhd XKLS:1961
81 GF Score
Price RM4.47
GF Value RM4.13
Valuation Fairly Valued
! 5 Warning Signs
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What is IOI Bhd Cyclically Adjusted Book per Share?

IOI Bhd XKLS:1961 +0.45% 81 Cyclically Adjusted Book per Share is RM1.88 as of Mar. 2026. GuruFocus rates XKLS:1961 with a GF Score™ of 81/100 and a GF Value™ of RM4.13 (Fairly Valued). The stock has 5 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.

IOI Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM2.045. 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 RM1.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, IOI Bhd's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 IOI Bhd was 2.80% per year. The lowest was 1.90% per year. And the median was 2.20% per year.

As of today (2026-07-30), IOI Bhd's current stock price is RM4.47. IOI Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.88. IOI Bhd's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IOI Bhd was 3.07. The lowest was 2.04. And the median was 2.44.


IOI Bhd  (XKLS:1961) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.47/1.88
=2.38

* 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 IOI Bhd was 3.07. The lowest was 2.04. And the median was 2.44.


Be Aware

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


IOI Bhd Cyclically Adjusted Book per Share Related Terms


IOI Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for IOI 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.

IOI Bhd Cyclically Adjusted Book per Share Chart

IOI Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.63 1.59 1.65 1.77

IOI 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 1.74 1.77 1.81 1.83 1.88

XKLS:1961 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, IOI 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.


IOI Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, IOI Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1961
81GF Score
IOI Corp Bhd XKLS:1961
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IOI 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, IOI 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)
=2.045/330.2130*330.2130
=2.045

Current CPI (Mar. 2026) = 330.2130.

IOI Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.135 241.018 1.555
201609 1.119 241.428 1.531
201612 1.139 241.432 1.558
201703 1.143 243.801 1.548
201706 1.187 244.955 1.600
201709 1.181 246.819 1.580
201712 1.271 246.524 1.702
201803 1.451 249.554 1.920
201806 1.457 251.989 1.909
201809 1.427 252.439 1.867
201812 1.460 251.233 1.919
201903 1.467 254.202 1.906
201906 1.480 256.143 1.908
201909 1.508 256.759 1.939
201912 1.483 256.974 1.906
202003 1.422 258.115 1.819
202006 1.483 257.797 1.900
202009 1.471 260.280 1.866
202012 1.530 260.474 1.940
202103 1.546 264.877 1.927
202106 1.601 271.696 1.946
202109 1.589 274.310 1.913
202112 1.664 278.802 1.971
202203 1.673 287.504 1.922
202206 1.761 296.311 1.962
202209 1.718 296.808 1.911
202212 1.807 296.797 2.010
202303 1.790 301.836 1.958
202306 1.826 305.109 1.976
202309 1.806 307.789 1.938
202312 1.861 306.746 2.003
202403 1.840 312.332 1.945
202406 1.883 314.175 1.979
202409 1.905 315.301 1.995
202412 1.936 315.605 2.026
202503 1.921 319.799 1.984
202506 1.963 322.561 2.010
202509 1.958 324.800 1.991
202512 2.064 324.054 2.103
202603 2.045 330.213 2.045

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 RM1.88 mean?
IOI Bhd (XKLS:1961) has a Cyclically Adjusted Book per Share of RM1.88 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 IOI Bhd and its competitors.
Is IOI Bhd's Cyclically Adjusted Book per Share too high?
IOI Bhd's current Cyclically Adjusted Book per Share is RM1.88. Overall, IOI Bhd has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IOI Bhd's Cyclically Adjusted Book per Share compare to KHC and GIS?
IOI Bhd's Cyclically Adjusted Book per Share of RM1.88 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 IOI Bhd and its competitors. IOI Bhd's current Cyclically Adjusted Book per Share is RM1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IOI Bhd stock overvalued right now?
Based on GuruFocus' analysis, IOI Bhd (XKLS:1961) is currently considered Fairly Valued. The stock's GF Value™ is RM4.13, compared to a current price of RM4.47 — trading 8.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is RM1.88. IOI Bhd's overall GF Score™ is 81/100 with 5 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 IOI Bhd (XKLS:1961), the current Cyclically Adjusted Book per Share is RM1.88 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 IOI Bhd (XKLS:1961) Overvalued in 2026?

Based on GuruFocus' analysis, IOI Bhd stock appears to be overvalued. The current stock price of RM4.47 is trading 8.2% above its estimated GF Value™ of RM4.13. GuruFocus considers IOI Bhd to be Fairly Valued.

Key valuation signals for XKLS:1961:

  • Cyclically Adjusted Book per Share: RM1.88
  • GF Value™: RM4.13 vs. price of RM4.47 (8.2% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the XKLS:1961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IOI Bhd Business Description

Address Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, MYS, 62502
IOI Corp Bhd is a palm oil producer. Its operations include oil palm plantations and Resource-based manufacturing divisions. The plantations are monitored to check oil palm nutrient status, seed breeding, ground conditions, and other data sources to improve the efficiency of each estate. The majority of revenue from the plantations comes from sales to its manufacturing divisions. Once the oil reaches the manufacturing divisions, it can be refined to create snack ingredients, soap, plastics, fatty acids, and other oils. The products are exported to many different customers, including some multinational corporations. The Group has two (2) reportable operating segments: Plantation, Resource-based manufacturing.
81GF Score

Get the complete analysis for XKLS:1961

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

RM4.47
Price
RM4.13
GF Value