Kheen Bhd (XKLS:6203) Cyclically Adjusted Book per Share: RM0.33 (As of Mar. 2026)


XKLS:6203 Khee San Bhd XKLS:6203
45 GF Score
Price RM0.12
GF Value RM0.11
Valuation Fairly Valued
! 2 Warning Signs
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What is Kheen Bhd Cyclically Adjusted Book per Share?

Kheen Bhd XKLS:6203 +4.35% 45 Cyclically Adjusted Book per Share is RM0.33 as of Mar. 2026. GuruFocus rates XKLS:6203 with a GF Score™ of 45/100 and a GF Value™ of RM0.11 (Fairly Valued). The stock has 2 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.

Kheen Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM0.081. 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 RM0.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kheen Bhd's average Cyclically Adjusted Book Growth Rate was -29.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -21.80% 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 Kheen Bhd was -14.50% per year. The lowest was -21.80% per year. And the median was -18.15% per year.

As of today (2026-07-07), Kheen Bhd's current stock price is RM0.12. Kheen Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.33. Kheen Bhd's Cyclically Adjusted PB Ratio of today is 0.36.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kheen Bhd was 0.45. The lowest was 0.06. And the median was 0.16.


Kheen Bhd  (XKLS:6203) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.12/0.33
=0.36

* 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 Kheen Bhd was 0.45. The lowest was 0.06. And the median was 0.16.


Be Aware

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


Kheen Bhd Cyclically Adjusted Book per Share Related Terms


Kheen Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kheen 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.

Kheen Bhd Cyclically Adjusted Book per Share Chart

Kheen Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.90 0.76 0.60 0.43

Kheen 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 0.47 0.43 0.39 0.36 0.33

XKLS:6203 vs MDLZ, HSY, TR: Cyclically Adjusted Book per Share Comparison

For the Confectioners subindustry, Kheen 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.


Kheen Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:6203
45GF Score
Khee San Bhd XKLS:6203
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kheen 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, Kheen 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)
=0.081/330.2130*330.2130
=0.081

Current CPI (Mar. 2026) = 330.2130.

Kheen Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201509 1.046 237.945 1.452
201512 0.979 236.525 1.367
201603 0.996 238.132 1.381
201606 1.024 241.018 1.403
201609 1.065 241.428 1.457
201612 1.073 241.432 1.468
201703 1.028 243.801 1.392
201706 1.004 244.955 1.353
201709 1.037 246.819 1.387
201712 1.043 246.524 1.397
201803 1.044 249.554 1.381
201806 1.051 251.989 1.377
201809 1.061 252.439 1.388
201903 0.854 254.202 1.109
201906 0.842 256.143 1.085
201909 0.595 256.759 0.765
202003 0.202 258.115 0.258
202009 -0.079 260.280 -0.100
202012 -0.258 260.474 -0.327
202103 -0.393 264.877 -0.490
202106 -0.398 271.696 -0.484
202109 -0.409 274.310 -0.492
202112 -0.342 278.802 -0.405
202203 -0.360 287.504 -0.413
202206 -0.387 296.311 -0.431
202209 -0.397 296.808 -0.442
202212 -0.387 296.797 -0.431
202303 -0.386 301.836 -0.422
202306 -0.379 305.109 -0.410
202309 -0.377 307.789 -0.404
202312 -0.376 306.746 -0.405
202403 -0.376 312.332 -0.398
202406 -0.375 314.175 -0.394
202409 -0.370 315.301 -0.387
202412 -0.368 315.605 -0.385
202503 -0.367 319.799 -0.379
202506 -0.362 322.561 -0.371
202509 -0.360 324.800 -0.366
202512 0.079 324.054 0.081
202603 0.081 330.213 0.081

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 RM0.33 mean?
Kheen Bhd (XKLS:6203) has a Cyclically Adjusted Book per Share of RM0.33 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 Kheen Bhd and its competitors.
Is Kheen Bhd's Cyclically Adjusted Book per Share too high?
Kheen Bhd's current Cyclically Adjusted Book per Share is RM0.33. Overall, Kheen Bhd has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kheen Bhd's Cyclically Adjusted Book per Share compare to MDLZ and HSY?
Kheen Bhd's Cyclically Adjusted Book per Share of RM0.33 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 Kheen Bhd and its competitors. Kheen Bhd's current Cyclically Adjusted Book per Share is RM0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kheen Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kheen Bhd (XKLS:6203) is currently considered Fairly Valued. The stock's GF Value™ is RM0.11, compared to a current price of RM0.12 — trading 9.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is RM0.33. Kheen Bhd's overall GF Score™ is 45/100 with 2 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 Kheen Bhd (XKLS:6203), the current Cyclically Adjusted Book per Share is RM0.33 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 Kheen Bhd (XKLS:6203) Overvalued in 2026?

Based on GuruFocus' analysis, Kheen Bhd stock appears to be overvalued. The current stock price of RM0.12 is trading 9.1% above its estimated GF Value™ of RM0.11. GuruFocus considers Kheen Bhd to be Fairly Valued.

Key valuation signals for XKLS:6203:

  • Cyclically Adjusted Book per Share: RM0.33
  • GF Value™: RM0.11 vs. price of RM0.12 (9.1% above fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the XKLS:6203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kheen Bhd Business Description

Address Jalan Kolej, Lot 1819-1824 and 1832, Seri Kembangan, SGR, MYS, 43300
Khee San Bhd is a Malaysia-based company. Along with its subsidiaries, its principal business is the manufacturing of candies and wafer confectionery. The company operates in two segments, Investment Holding and Manufacturing and Trading. A majority of its revenue is generated from the Manufacturing and trading segment, which includes the manufacturing and trading of food and all related products. Its products include candies, chewy, tablets, hard, bubble gum, chewing gum, deposited, and wafers. The products offered by the company are marketed under the brands of Fruitplus, Torrone, Victory, Bento, and others. The group derives maximum revenue from Malaysia and also exports its products to other geographical regions, such as Africa, Europe, and the Rest of Asia.
45GF Score

Get the complete analysis for XKLS:6203

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

RM0.12
Price
RM0.11
GF Value