Spritzer Bhd (XKLS:7103) Cyclically Adjusted Book per Share: RM0.86 (As of Mar. 2026)


XKLS:7103 Spritzer Bhd XKLS:7103
88 GF Score
Price RM2.90
GF Value RM1.76
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Spritzer Bhd Cyclically Adjusted Book per Share?

Spritzer Bhd XKLS:7103 -0.68% 88 Cyclically Adjusted Book per Share is RM0.86 as of Mar. 2026. GuruFocus rates XKLS:7103 with a GF Score™ of 88/100 and a GF Value™ of RM1.76 (Significantly Overvalued). 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.

Spritzer Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM1.061. 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 RM0.86 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Spritzer Bhd's average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Spritzer Bhd was 9.70% per year. The lowest was 6.80% per year. And the median was 8.00% per year.

As of today (2026-07-05), Spritzer Bhd's current stock price is RM2.90. Spritzer Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.86. Spritzer Bhd's Cyclically Adjusted PB Ratio of today is 3.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Spritzer Bhd was 3.57. The lowest was 0.96. And the median was 1.22.


Spritzer Bhd  (XKLS:7103) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.90/0.86
=3.37

* 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 Spritzer Bhd was 3.57. The lowest was 0.96. And the median was 1.22.


Be Aware

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


Spritzer Bhd Cyclically Adjusted Book per Share Related Terms


Spritzer Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Spritzer 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.

Spritzer Bhd Cyclically Adjusted Book per Share Chart

Spritzer Bhd Annual Data
Trend May16 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 0.62 0.69 0.74 0.78 0.84

Spritzer 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 0.80 0.82 0.83 0.84 0.86

XKLS:7103 vs KO, PEP, MNST: Cyclically Adjusted Book per Share Comparison

For the Beverages - Non-Alcoholic subindustry, Spritzer 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.


Spritzer Bhd Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spritzer Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7103
88GF Score
Spritzer Bhd XKLS:7103
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spritzer 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, Spritzer 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)
=1.061/330.2130*330.2130
=1.061

Current CPI (Mar. 2026) = 330.2130.

Spritzer Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.545 240.229 0.749
201608 0.570 240.849 0.781
201611 0.531 241.353 0.727
201703 0.545 243.801 0.738
201706 0.543 244.955 0.732
201709 0.557 246.819 0.745
201712 0.598 246.524 0.801
201803 0.608 249.554 0.805
201806 0.601 251.989 0.788
201809 0.612 252.439 0.801
201812 0.618 251.233 0.812
201903 0.630 254.202 0.818
201906 0.631 256.143 0.813
201909 0.646 256.759 0.831
201912 0.659 256.974 0.847
202003 0.675 258.115 0.864
202006 0.679 257.797 0.870
202009 0.681 260.280 0.864
202012 0.705 260.474 0.894
202103 0.716 264.877 0.893
202106 0.710 271.696 0.863
202109 0.721 274.310 0.868
202112 0.735 278.802 0.871
202203 0.746 287.504 0.857
202206 0.747 296.311 0.832
202209 0.769 296.808 0.856
202212 0.788 296.797 0.877
202303 0.784 301.836 0.858
202306 0.784 305.109 0.849
202309 0.812 307.789 0.871
202312 0.833 306.746 0.897
202403 0.851 312.332 0.900
202406 0.855 314.175 0.899
202409 0.884 315.301 0.926
202412 0.914 315.605 0.956
202503 0.947 319.799 0.978
202506 0.946 322.561 0.968
202509 0.986 324.800 1.002
202512 1.033 324.054 1.053
202603 1.061 330.213 1.061

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 RM0.86 mean?
Spritzer Bhd (XKLS:7103) has a Cyclically Adjusted Book per Share of RM0.86 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 Spritzer Bhd and its competitors.
Is Spritzer Bhd's Cyclically Adjusted Book per Share too high?
Spritzer Bhd's current Cyclically Adjusted Book per Share is RM0.86. Overall, Spritzer Bhd has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spritzer Bhd's Cyclically Adjusted Book per Share compare to KO and PEP?
Spritzer Bhd's Cyclically Adjusted Book per Share of RM0.86 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Cyclically Adjusted Book per Share depends on the Beverages - Non-Alcoholic 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 Spritzer Bhd and its competitors. Spritzer Bhd's current Cyclically Adjusted Book per Share is RM0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spritzer Bhd stock overvalued right now?
Based on GuruFocus' analysis, Spritzer Bhd (XKLS:7103) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.76, compared to a current price of RM2.90 — trading 64.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is RM0.86. Spritzer Bhd's overall GF Score™ is 88/100 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 Spritzer Bhd (XKLS:7103), the current Cyclically Adjusted Book per Share is RM0.86 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 Spritzer Bhd (XKLS:7103) Overvalued in 2026?

Based on GuruFocus' analysis, Spritzer Bhd stock appears to be overvalued. The current stock price of RM2.90 is trading 64.8% above its estimated GF Value™ of RM1.76. GuruFocus considers Spritzer Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7103:

  • Cyclically Adjusted Book per Share: RM0.86
  • GF Value™: RM1.76 vs. price of RM2.90 (64.8% above fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the XKLS:7103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spritzer Bhd Business Description

Address Lot 898, Jalan Reservoir, Off Jalan Air Kuning, Taiping, PRK, MYS, 34000
Spritzer Bhd is principally involved in the production and sale of natural mineral water, carbonated flavoured water, distilled water, drinking water and non-carbonated flavoured water, manufacturing and selling of PET preforms, PET bottles, caps, toothbrushes and other plastic products, distribution of bottled water and other consumer products, operator of a mini golf course, recreational park and retail of consumer products, property development and investment holding. The company operates through three segments Manufacturing, Trading, and Others. The company generates majority of revenue from Manufacturing segment. The company's main products includes Everyday Hydration, Sparking Hydration, Flavourful Hydration, etc.
88GF Score

Get the complete analysis for XKLS:7103

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

RM2.90
Price
RM1.76
GF Value