Affin Bank Bhd (XKLS:5185) Cyclically Adjusted Book per Share: RM5.25 (As of Jun. 2026)

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XKLS:5185 Affin Bank Bhd XKLS:5185
64 GF Score
Price RM2.15
GF Value RM2.87
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Affin Bank Bhd Cyclically Adjusted Book per Share?

Affin Bank Bhd XKLS:5185 -2.71% 64 Cyclically Adjusted Book per Share is RM5.25 as of Jun. 2026. GuruFocus rates XKLS:5185 with a GF Score™ of 64/100 and a GF Value™ of RM2.87 (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.

Affin Bank Bhd's adjusted book value per share for the three months ended in Jun. 2026 was RM4.711. 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 RM5.25 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Affin Bank Bhd's average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Affin Bank Bhd was 5.60% per year. The lowest was 1.70% per year. And the median was 3.30% per year.

As of today (2026-08-19), Affin Bank Bhd's current stock price is RM2.15. Affin Bank Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM5.25. Affin Bank Bhd's Cyclically Adjusted PB Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Affin Bank Bhd was 0.61. The lowest was 0.31. And the median was 0.41.


Affin Bank Bhd  (XKLS:5185) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.15/5.25
=0.41

* 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 Affin Bank Bhd was 0.61. The lowest was 0.31. And the median was 0.41.


Be Aware

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


Affin Bank Bhd Cyclically Adjusted Book per Share Related Terms


Affin Bank Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Affin Bank 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.

Affin Bank Bhd Cyclically Adjusted Book per Share Chart

Affin Bank 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 4.60 4.89 5.01 5.07 5.14

Affin Bank Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.15 5.17 5.14 5.22 5.25

XKLS:5185 vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Affin Bank 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.


Affin Bank Bhd Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Affin Bank Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5185
64GF Score
Affin Bank Bhd XKLS:5185
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Affin Bank 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, Affin Bank Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.711/333.9520*333.9520
=4.711

Current CPI (Jun. 2026) = 333.9520.

Affin Bank Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.290 241.428 5.934
201612 2.830 241.432 3.914
201703 4.306 243.801 5.898
201706 4.371 244.955 5.959
201709 4.411 246.819 5.968
201712 4.033 246.524 5.463
201803 4.043 249.554 5.410
201806 4.052 251.989 5.370
201809 4.168 252.439 5.514
201812 4.228 251.233 5.620
201903 4.314 254.202 5.667
201906 4.404 256.143 5.742
201909 4.445 256.759 5.781
201912 4.454 256.974 5.788
202003 4.377 258.115 5.663
202006 4.512 257.797 5.845
202009 4.365 260.280 5.601
202012 4.358 260.474 5.587
202103 4.212 264.877 5.310
202106 4.286 271.696 5.268
202109 4.261 274.310 5.187
202112 4.411 278.802 5.284
202203 4.460 287.504 5.181
202206 4.324 296.311 4.873
202209 4.688 296.808 5.275
202212 4.428 296.797 4.982
202303 4.508 301.836 4.988
202306 4.424 305.109 4.842
202309 4.441 307.789 4.818
202312 4.485 306.746 4.883
202403 4.424 312.332 4.730
202406 4.461 314.175 4.742
202409 4.547 315.301 4.816
202412 4.579 315.605 4.845
202503 4.646 319.799 4.852
202506 4.736 322.561 4.903
202509 4.797 324.800 4.932
202512 4.822 324.054 4.969
202603 4.821 330.213 4.876
202606 4.711 333.952 4.711

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 RM5.25 mean?
Affin Bank Bhd (XKLS:5185) has a Cyclically Adjusted Book per Share of RM5.25 as of Jun. 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 Affin Bank Bhd and its competitors.
Is Affin Bank Bhd's Cyclically Adjusted Book per Share too high?
Affin Bank Bhd's current Cyclically Adjusted Book per Share is RM5.25. Overall, Affin Bank Bhd has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Affin Bank Bhd's Cyclically Adjusted Book per Share compare to PNC and USB?
Affin Bank Bhd's Cyclically Adjusted Book per Share of RM5.25 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Affin Bank Bhd and its competitors. Affin Bank Bhd's current Cyclically Adjusted Book per Share is RM5.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affin Bank Bhd stock overvalued right now?
Based on GuruFocus' analysis, Affin Bank Bhd (XKLS:5185) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.87, compared to a current price of RM2.15 — trading 25.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM5.25. Affin Bank Bhd's overall GF Score™ is 64/100 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 Affin Bank Bhd (XKLS:5185), the current Cyclically Adjusted Book per Share is RM5.25 as of Jun. 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 Affin Bank Bhd (XKLS:5185) Overvalued in 2026?

Based on GuruFocus' analysis, Affin Bank Bhd stock appears to be undervalued. The current stock price of RM2.15 is trading 25.1% below its estimated GF Value™ of RM2.87. GuruFocus considers Affin Bank Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5185:

  • Cyclically Adjusted Book per Share: RM5.25
  • GF Value™: RM2.87 vs. price of RM2.15 (25.1% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Affin Bank Bhd Business Description

Address Lingkaran TRX, Level 19, Menara AFFIN, Tun Razak Exchange, Kuala Lumpur, SGR, MYS, 55188
Affin Bank Bhd is a Malaysia-based bank. It operates in four segments: Commercial Banking focuses on the business of banking in all aspects including Islamic Banking operations; Investment Banking focuses on the business of a merchant bank, stock-broking, and other related financial services; Insurance includes the business of underwriting all classes of general and life insurance businesses in Malaysia; and Others include operation of investment holding companies, money-broking, information technology and other related financial services. The company provides Personal banking and Business banking services. The majority of the group's revenue comes from Commercial Banking within Malaysia.
64GF Score

Get the complete analysis for XKLS:5185

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

RM2.15
Price
RM2.87
GF Value