Hwa Tai Industries Bhd (XKLS:8478) Cyclically Adjusted Book per Share: RM0.41 (As of Jun. 2026)

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XKLS:8478 Hwa Tai Industries Bhd XKLS:8478
47 GF Score
Price RM0.39
GF Value RM0.59
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Hwa Tai Industries Bhd Cyclically Adjusted Book per Share?

Hwa Tai Industries Bhd XKLS:8478 47 Cyclically Adjusted Book per Share is RM0.41 as of Jun. 2026. GuruFocus rates XKLS:8478 with a GF Score™ of 47/100 and a GF Value™ of RM0.59 (Possible Value Trap). The stock has 6 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.

Hwa Tai Industries Bhd's adjusted book value per share for the three months ended in Jun. 2026 was RM0.398. 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 RM0.41 for the trailing ten years ended in Jun. 2026.

During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.70% 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 Hwa Tai Industries Bhd was 1.70% per year. The lowest was 0.00% per year. And the median was 0.80% per year.

As of today (2026-09-06), Hwa Tai Industries Bhd's current stock price is RM0.385. Hwa Tai Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM0.41. Hwa Tai Industries Bhd's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hwa Tai Industries Bhd was 2.80. The lowest was 0.70. And the median was 1.26.


Hwa Tai Industries Bhd  (XKLS:8478) 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.

Hwa Tai Industries Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.385/0.41
=0.94

* 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 Hwa Tai Industries Bhd was 2.80. The lowest was 0.70. And the median was 1.26.


Be Aware

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


Hwa Tai Industries Bhd Cyclically Adjusted Book per Share Related Terms


Hwa Tai Industries Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hwa Tai Industries 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.

Hwa Tai Industries Bhd Cyclically Adjusted Book per Share Chart

Hwa Tai Industries 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 0.40 0.40 0.41 0.41 0.40

Hwa Tai Industries 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 0.41 0.41 0.40 0.41 0.41

XKLS:8478 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Hwa Tai Industries 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.


Hwa Tai Industries Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:8478
47GF Score
Hwa Tai Industries Bhd XKLS:8478
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hwa Tai Industries 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, Hwa Tai Industries 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)
=0.398/333.9520*333.9520
=0.398

Current CPI (Jun. 2026) = 333.9520.

Hwa Tai Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.369 241.428 0.510
201612 0.376 241.432 0.520
201703 0.374 243.801 0.512
201706 0.370 244.955 0.504
201709 0.373 246.819 0.505
201712 0.388 246.524 0.526
201803 0.384 249.554 0.514
201806 0.374 251.989 0.496
201809 0.366 252.439 0.484
201812 0.331 251.233 0.440
201903 0.317 254.202 0.416
201906 0.308 256.143 0.402
201909 0.296 256.759 0.385
201912 0.301 256.974 0.391
202003 0.302 258.115 0.391
202006 0.305 257.797 0.395
202009 0.308 260.280 0.395
202012 0.315 260.474 0.404
202103 0.322 264.877 0.406
202106 0.310 271.696 0.381
202109 0.311 274.310 0.379
202112 0.290 278.802 0.347
202203 0.274 287.504 0.318
202206 0.254 296.311 0.286
202209 0.233 296.808 0.262
202212 0.211 296.797 0.237
202303 0.433 301.836 0.479
202306 0.396 305.109 0.433
202309 0.370 307.789 0.401
202312 0.356 306.746 0.388
202403 0.362 312.332 0.387
202406 0.366 314.175 0.389
202409 0.368 315.301 0.390
202412 0.374 315.605 0.396
202503 0.375 319.799 0.392
202506 0.377 322.561 0.390
202509 0.377 324.800 0.388
202512 0.395 324.054 0.407
202603 0.396 330.213 0.400
202606 0.398 333.952 0.398

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 RM0.41 mean?
Hwa Tai Industries Bhd (XKLS:8478) has a Cyclically Adjusted Book per Share of RM0.41 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 Hwa Tai Industries Bhd and its competitors.
Is Hwa Tai Industries Bhd's Cyclically Adjusted Book per Share too high?
Hwa Tai Industries Bhd's current Cyclically Adjusted Book per Share is RM0.41. Overall, Hwa Tai Industries Bhd has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hwa Tai Industries Bhd's Cyclically Adjusted Book per Share compare to KHC and GIS?
Hwa Tai Industries Bhd's Cyclically Adjusted Book per Share of RM0.41 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 Hwa Tai Industries Bhd and its competitors. Hwa Tai Industries Bhd's current Cyclically Adjusted Book per Share is RM0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Tai Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hwa Tai Industries Bhd (XKLS:8478) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.59, compared to a current price of RM0.39 — trading 34.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM0.41. Hwa Tai Industries Bhd's overall GF Score™ is 47/100 with 6 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 Hwa Tai Industries Bhd (XKLS:8478), the current Cyclically Adjusted Book per Share is RM0.41 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 Hwa Tai Industries Bhd (XKLS:8478) Overvalued in 2026?

Based on GuruFocus' analysis, Hwa Tai Industries Bhd stock appears to be undervalued. The current stock price of RM0.39 is trading 34.7% below its estimated GF Value™ of RM0.59. GuruFocus considers Hwa Tai Industries Bhd to be Possible Value Trap.

Key valuation signals for XKLS:8478:

  • Cyclically Adjusted Book per Share: RM0.41
  • GF Value™: RM0.59 vs. price of RM0.39 (34.7% below fair value)
  • GF Score™: 47/100 with 6 warning signs

No single metric tells the full story. See the XKLS:8478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hwa Tai Industries Bhd Business Description

Address Jalan ML 16, ML-16 Industrial Park, No. L9, Seri Kembangan, SGR, MYS, 43300
Hwa Tai Industries Bhd operates as a biscuit manufacturing and investment holding. Its activities are biscuit manufacturing, property holding, and trading. It operates through the following segments: Manufacturing and Trading. The company's products include crackers, cookies, assorted biscuits, cakes, and cream sandwiches, and are marketed under the brand names of Hwa Tai and Luxury. The majority of revenue is from the Manufacturing segment. Geographically, it operates in Malaysia, Thailand, the Philippines, Mauritius, and Other countries, with the majority is from Malaysia.
47GF Score

Get the complete analysis for XKLS:8478

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

RM0.39
Price
RM0.59
GF Value