Kuchai Development Bhd (XKLS:2186) Cyclically Adjusted Book per Share: RM4.05 (As of Sep. 2025)


What is Kuchai Development Bhd Cyclically Adjusted Book per Share?

Kuchai Development Bhd XKLS:2186 Cyclically Adjusted Book per Share is RM4.05 as of Sep. 2025. The stock has 4 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.

Kuchai Development Bhd's adjusted book value per share for the three months ended in Sep. 2025 was RM0.517. 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 RM4.05 for the trailing ten years ended in Sep. 2025.

During the past 12 months, Kuchai Development Bhd's average Cyclically Adjusted Book Growth Rate was -7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% 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 Kuchai Development Bhd was 7.20% per year. The lowest was -0.90% per year. And the median was 5.60% per year.

As of today (2026-07-04), Kuchai Development Bhd's current stock price is RM0.03. Kuchai Development Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was RM4.05. Kuchai Development Bhd's Cyclically Adjusted PB Ratio of today is 0.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kuchai Development Bhd was 0.25. The lowest was 0.01. And the median was 0.13.


Kuchai Development Bhd  (XKLS:2186) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.03/4.05
=0.01

* 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 Kuchai Development Bhd was 0.25. The lowest was 0.01. And the median was 0.13.


Be Aware

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


Kuchai Development Bhd Cyclically Adjusted Book per Share Related Terms


Kuchai Development Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kuchai Development 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.

Kuchai Development Bhd Cyclically Adjusted Book per Share Chart

Kuchai Development 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 3.83 4.27 4.32 4.38 4.15

Kuchai Development Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 4.37 4.28 4.23 4.15 4.05

XKLS:2186 vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Kuchai Development 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.


Kuchai Development Bhd Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Kuchai Development Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kuchai Development 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, Kuchai Development Bhd's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book= Book Value per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.517/324.8000*324.8000
=0.517

Current CPI (Sep. 2025) = 324.8000.

Kuchai Development Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201512 3.906 236.525 5.364
201603 3.876 238.132 5.287
201606 3.709 241.018 4.998
201609 3.803 241.428 5.116
201612 3.800 241.432 5.112
201703 3.992 243.801 5.318
201706 4.049 244.955 5.369
201709 4.306 246.819 5.666
201712 4.376 246.524 5.765
201803 4.399 249.554 5.725
201806 4.287 251.989 5.526
201809 4.189 252.439 5.390
201812 3.863 251.233 4.994
201903 3.969 254.202 5.071
201906 4.012 256.143 5.087
201909 3.744 256.759 4.736
201912 3.663 256.974 4.630
202003 3.295 258.115 4.146
202006 3.551 257.797 4.474
202009 3.402 260.280 4.245
202012 3.564 260.474 4.444
202103 3.833 264.877 4.700
202106 3.925 271.696 4.692
202109 3.832 274.310 4.537
202112 3.778 278.802 4.401
202203 3.899 287.504 4.405
202206 3.029 296.311 3.320
202209 2.539 296.808 2.778
202212 2.536 296.797 2.775
202303 2.491 301.836 2.681
202306 2.793 305.109 2.973
202309 2.852 307.789 3.010
202312 2.860 306.746 3.028
202403 2.929 312.332 3.046
202406 3.578 314.175 3.699
202409 3.360 315.301 3.461
202412 0.524 315.605 0.539
202503 0.523 319.799 0.531
202506 0.518 322.561 0.522
202509 0.517 324.800 0.517

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 RM4.05 mean?
Kuchai Development Bhd (XKLS:2186) has a Cyclically Adjusted Book per Share of RM4.05 as of Sep. 2025. 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 Kuchai Development Bhd and its competitors.
Is Kuchai Development Bhd's Cyclically Adjusted Book per Share too high?
Kuchai Development Bhd's current Cyclically Adjusted Book per Share is RM4.05.
How does Kuchai Development Bhd's Cyclically Adjusted Book per Share compare to BLK and BX?
Kuchai Development Bhd's Cyclically Adjusted Book per Share of RM4.05 can be compared against companies in the Asset Management 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 Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management 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 Kuchai Development Bhd and its competitors. Kuchai Development Bhd's current Cyclically Adjusted Book per Share is RM4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuchai Development Bhd stock overvalued right now?
Kuchai Development Bhd (XKLS:2186) has a current Cyclically Adjusted Book per Share of RM4.05. The stock's GF Value™ is RM0.09, compared to a current price of RM0.03 — trading 66.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM4.05. 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 Kuchai Development Bhd (XKLS:2186), the current Cyclically Adjusted Book per Share is RM4.05 as of Sep. 2025. 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.

Kuchai Development Bhd Business Description

Address Jalan Ibrahim, 8F, 8th Floor, Foh Chong Building, Johor Bahru, JHR, MYS, 80000
Kuchai Development Bhd is a Malaysia-based company that is principally engaged in investment holdings and rental of property. Its investment holdings consist of holdings in domestic and foreign listed equity securities, investment funds, and selected physical commodities. The properties of the company include eight acres of land in Malaysia and a shop-house at Emerald Hill Road, Singapore. It generates revenue in the form of dividend income, rental income, and interest income. Geographically, the derives maximum revenue from its investments in Singapore and the rest from Malaysia.