Bank Islam Malaysia Bhd (XKLS:5258) Cyclically Adjusted Book per Share: RM3.78 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5258 Bank Islam Malaysia Bhd XKLS:5258
66 GF Score
Price RM2.13
GF Value RM2.58
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share?

Bank Islam Malaysia Bhd XKLS:5258 -0.47% 66 Cyclically Adjusted Book per Share is RM3.78 as of Mar. 2026. GuruFocus rates XKLS:5258 with a GF Score™ of 66/100 and a GF Value™ of RM2.58 (Modestly Undervalued). The stock has 3 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.

Bank Islam Malaysia Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM3.528. 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 RM3.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bank Islam Malaysia Bhd's average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Bank Islam Malaysia Bhd was 9.60% per year. The lowest was 5.10% per year. And the median was 6.80% per year.

As of today (2026-07-22), Bank Islam Malaysia Bhd's current stock price is RM2.13. Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM3.78. Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Islam Malaysia Bhd was 1.32. The lowest was 0.52. And the median was 0.74.


Bank Islam Malaysia Bhd  (XKLS:5258) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.13/3.78
=0.56

* 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 Bank Islam Malaysia Bhd was 1.32. The lowest was 0.52. And the median was 0.74.


Be Aware

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


Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Related Terms


Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bank Islam Malaysia 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.

Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Chart

Bank Islam Malaysia 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 2.92 3.20 3.38 3.56 3.71

Bank Islam Malaysia 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 3.62 3.66 3.70 3.71 3.78

XKLS:5258 vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Bank Islam Malaysia 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.


Bank Islam Malaysia Bhd Cyclically Adjusted PB Ratio vs Banks Industry

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

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


XKLS:5258
66GF Score
Bank Islam Malaysia Bhd XKLS:5258
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Islam Malaysia 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, Bank Islam Malaysia 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)
=3.528/330.2130*330.2130
=3.528

Current CPI (Mar. 2026) = 330.2130.

Bank Islam Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.479 241.018 3.396
201609 2.580 241.428 3.529
201612 2.444 241.432 3.343
201703 2.586 243.801 3.503
201706 2.688 244.955 3.624
201709 2.811 246.819 3.761
201712 2.768 246.524 3.708
201803 2.828 249.554 3.742
201806 2.893 251.989 3.791
201809 3.034 252.439 3.969
201812 2.968 251.233 3.901
201903 3.092 254.202 4.017
201906 3.243 256.143 4.181
201909 3.407 256.759 4.382
201912 3.341 256.974 4.293
202003 3.403 258.115 4.354
202006 3.550 257.797 4.547
202009 3.638 260.280 4.615
202012 3.391 260.474 4.299
202103 3.592 264.877 4.478
202106 3.695 271.696 4.491
202109 3.130 274.310 3.768
202112 3.083 278.802 3.652
202203 3.088 287.504 3.547
202206 3.094 296.311 3.448
202209 3.158 296.808 3.513
202212 3.153 296.797 3.508
202303 3.170 301.836 3.468
202306 3.227 305.109 3.493
202309 3.289 307.789 3.529
202312 3.265 306.746 3.515
202403 3.287 312.332 3.475
202406 3.346 314.175 3.517
202409 3.432 315.301 3.594
202412 3.378 315.605 3.534
202503 3.411 319.799 3.522
202506 3.502 322.561 3.585
202509 3.546 324.800 3.605
202512 3.562 324.054 3.630
202603 3.528 330.213 3.528

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 RM3.78 mean?
Bank Islam Malaysia Bhd (XKLS:5258) has a Cyclically Adjusted Book per Share of RM3.78 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 Bank Islam Malaysia Bhd and its competitors.
Is Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share too high?
Bank Islam Malaysia Bhd's current Cyclically Adjusted Book per Share is RM3.78. Overall, Bank Islam Malaysia Bhd has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share compare to PNC and USB?
Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share of RM3.78 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 Bank Islam Malaysia Bhd and its competitors. Bank Islam Malaysia Bhd's current Cyclically Adjusted Book per Share is RM3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Islam Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bank Islam Malaysia Bhd (XKLS:5258) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.58, compared to a current price of RM2.13 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM3.78. Bank Islam Malaysia Bhd's overall GF Score™ is 66/100 with 3 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 Bank Islam Malaysia Bhd (XKLS:5258), the current Cyclically Adjusted Book per Share is RM3.78 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 Bank Islam Malaysia Bhd (XKLS:5258) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Islam Malaysia Bhd stock appears to be undervalued. The current stock price of RM2.13 is trading 17.4% below its estimated GF Value™ of RM2.58. GuruFocus considers Bank Islam Malaysia Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5258:

  • Cyclically Adjusted Book per Share: RM3.78
  • GF Value™: RM2.58 vs. price of RM2.13 (17.4% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5258 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank Islam Malaysia Bhd Business Description

Address No. 22, Jalan Perak, Level 29, Menara Bank Islam, Kuala Lumpur, MYS, 50450
Bank Islam Malaysia Bhd is a Malaysia-based Islamic holding company that is principally engaged in providing financial products and services. The company is involved in Islamic business activities mainly through its investment in Shariah-compliant business entities. The company also has interests in venture capital, unit trusts, stock broking, offshore banking, and others. The operating segments of the group are: Group Retail Banking (GRB), Group Institutional Banking (GIB), and Head Office and Others.
66GF Score

Get the complete analysis for XKLS:5258

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

RM2.13
Price
RM2.58
GF Value