Muda Holdings Bhd (XKLS:3883) Cyclically Adjusted Book per Share: RM4.37 (As of Mar. 2026)


XKLS:3883 Muda Holdings Bhd XKLS:3883
57 GF Score
Price RM0.82
GF Value RM1.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Muda Holdings Bhd Cyclically Adjusted Book per Share?

Muda Holdings Bhd XKLS:3883 57 Cyclically Adjusted Book per Share is RM4.37 as of Mar. 2026. GuruFocus rates XKLS:3883 with a GF Score™ of 57/100 and a GF Value™ of RM1.11 (Modestly Undervalued). 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.

Muda Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM4.157. 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 RM4.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Muda Holdings Bhd's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Muda Holdings Bhd was 10.70% per year. The lowest was 4.50% per year. And the median was 7.50% per year.

As of today (2026-07-05), Muda Holdings Bhd's current stock price is RM0.815. Muda Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM4.37. Muda Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Muda Holdings Bhd was 1.21. The lowest was 0.17. And the median was 0.38.


Muda Holdings Bhd  (XKLS:3883) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.815/4.37
=0.19

* 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 Muda Holdings Bhd was 1.21. The lowest was 0.17. And the median was 0.38.


Be Aware

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


Muda Holdings Bhd Cyclically Adjusted Book per Share Related Terms


Muda Holdings Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Muda Holdings 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.

Muda Holdings Bhd Cyclically Adjusted Book per Share Chart

Muda Holdings 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 3.34 3.75 3.99 4.15 4.28

Muda Holdings 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 4.21 4.25 4.28 4.28 4.37

XKLS:3883 vs SLVM: Cyclically Adjusted Book per Share Comparison

For the Paper & Paper Products subindustry, Muda Holdings 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.


Muda Holdings Bhd Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Muda Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:3883
57GF Score
Muda Holdings Bhd XKLS:3883
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Muda Holdings 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, Muda Holdings 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)
=4.157/330.2130*330.2130
=4.157

Current CPI (Mar. 2026) = 330.2130.

Muda Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.800 241.018 3.836
201609 2.727 241.428 3.730
201612 2.792 241.432 3.819
201703 2.857 243.801 3.870
201706 2.865 244.955 3.862
201709 3.055 246.819 4.087
201712 3.162 246.524 4.235
201803 3.194 249.554 4.226
201806 3.233 251.989 4.237
201809 3.285 252.439 4.297
201812 3.352 251.233 4.406
201903 3.439 254.202 4.467
201906 3.475 256.143 4.480
201909 3.446 256.759 4.432
201912 3.467 256.974 4.455
202003 3.522 258.115 4.506
202006 3.564 257.797 4.565
202009 3.604 260.280 4.572
202012 3.728 260.474 4.726
202103 3.851 264.877 4.801
202106 3.930 271.696 4.776
202109 4.253 274.310 5.120
202112 4.316 278.802 5.112
202203 4.364 287.504 5.012
202206 4.346 296.311 4.843
202209 4.296 296.808 4.780
202212 4.241 296.797 4.718
202303 4.187 301.836 4.581
202306 4.151 305.109 4.493
202309 4.089 307.789 4.387
202312 4.114 306.746 4.429
202403 4.118 312.332 4.354
202406 4.102 314.175 4.311
202409 3.973 315.301 4.161
202412 3.875 315.605 4.054
202503 3.818 319.799 3.942
202506 3.759 322.561 3.848
202509 3.695 324.800 3.757
202512 4.145 324.054 4.224
202603 4.157 330.213 4.157

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 RM4.37 mean?
Muda Holdings Bhd (XKLS:3883) has a Cyclically Adjusted Book per Share of RM4.37 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 Muda Holdings Bhd and its competitors.
Is Muda Holdings Bhd's Cyclically Adjusted Book per Share too high?
Muda Holdings Bhd's current Cyclically Adjusted Book per Share is RM4.37. Overall, Muda Holdings Bhd has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muda Holdings Bhd's Cyclically Adjusted Book per Share compare to SLVM?
Muda Holdings Bhd's Cyclically Adjusted Book per Share of RM4.37 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Book per Share depends on the Forest Products 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 Muda Holdings Bhd and its competitors. Muda Holdings Bhd's current Cyclically Adjusted Book per Share is RM4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muda Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Muda Holdings Bhd (XKLS:3883) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.11, compared to a current price of RM0.82 — trading 26.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM4.37. Muda Holdings Bhd's overall GF Score™ is 57/100 with 4 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 Muda Holdings Bhd (XKLS:3883), the current Cyclically Adjusted Book per Share is RM4.37 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 Muda Holdings Bhd (XKLS:3883) Overvalued in 2026?

Based on GuruFocus' analysis, Muda Holdings Bhd stock appears to be undervalued. The current stock price of RM0.82 is trading 26.6% below its estimated GF Value™ of RM1.11. GuruFocus considers Muda Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3883:

  • Cyclically Adjusted Book per Share: RM4.37
  • GF Value™: RM1.11 vs. price of RM0.82 (26.6% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the XKLS:3883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Muda Holdings Bhd Business Description

Address Lot 7, Jalan 51A/241, Petaling Jaya, SGR, MYS, 46100
Muda Holdings Bhd is a Malaysia-based company, that operates in the paper and paper packaging industry. The company is engaged in producing industrial grade paper, machine glazed paper, paper boards and paper packaging products. The business activity of the firm functions through the Manufacturing and Trading segments. The Manufacturing segment is engaged in manufacturing various types of industrial paper, corrugated cartons, paper bags, paper stationery, and paper-based food packaging products. The Trading segment is engaged in the trading of paper, recovered paper, and stationery products. Geographically the firm has its business presence across the region of Malaysia, Singapore, the People's Republic of China, and Australia. It derives maximum revenue from Manufacturing segment.
57GF Score

Get the complete analysis for XKLS:3883

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

RM0.82
Price
RM1.11
GF Value