Mah Sing Group Bhd (XKLS:8583) Cyclically Adjusted Book per Share: RM2.03 (As of Mar. 2026)


XKLS:8583 Mah Sing Group Bhd XKLS:8583
84 GF Score
Price RM0.95
GF Value RM1.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Mah Sing Group Bhd Cyclically Adjusted Book per Share?

Mah Sing Group Bhd XKLS:8583 +0.53% 84 Cyclically Adjusted Book per Share is RM2.03 as of Mar. 2026. GuruFocus rates XKLS:8583 with a GF Score™ of 84/100 and a GF Value™ of RM1.11 (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.

Mah Sing Group Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM1.565. 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 RM2.03 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.60% 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 Mah Sing Group Bhd was 8.80% per year. The lowest was 2.30% per year. And the median was 5.50% per year.

As of today (2026-07-04), Mah Sing Group Bhd's current stock price is RM0.945. Mah Sing Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.03. Mah Sing Group Bhd's Cyclically Adjusted PB Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mah Sing Group Bhd was 0.95. The lowest was 0.26. And the median was 0.50.


Mah Sing Group Bhd  (XKLS:8583) 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.

Mah Sing Group Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.945/2.03
=0.47

* 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 Mah Sing Group Bhd was 0.95. The lowest was 0.26. And the median was 0.50.


Be Aware

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


Mah Sing Group Bhd Cyclically Adjusted Book per Share Related Terms


Mah Sing Group Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mah Sing Group 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.

Mah Sing Group Bhd Cyclically Adjusted Book per Share Chart

Mah Sing Group 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 1.72 1.88 1.96 2.02 2.01

Mah Sing Group 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 2.03 2.02 2.03 2.01 2.03

Mah Sing Group Bhd Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Mah Sing Group 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.


Mah Sing Group Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mah Sing Group Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:8583
84GF Score
Mah Sing Group Bhd XKLS:8583
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mah Sing Group 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, Mah Sing Group 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)
=1.565/330.2130*330.2130
=1.565

Current CPI (Mar. 2026) = 330.2130.

Mah Sing Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.522 241.018 2.085
201609 1.553 241.428 2.124
201612 1.589 241.432 2.173
201703 1.619 243.801 2.193
201706 1.859 244.955 2.506
201709 1.888 246.819 2.526
201712 1.913 246.524 2.562
201803 1.931 249.554 2.555
201806 1.888 251.989 2.474
201809 1.907 252.439 2.495
201812 1.985 251.233 2.609
201903 2.000 254.202 2.598
201906 1.964 256.143 2.532
201909 1.977 256.759 2.543
201912 1.973 256.974 2.535
202003 1.767 258.115 2.261
202006 1.729 257.797 2.215
202009 1.740 260.280 2.208
202012 1.728 260.474 2.191
202103 1.744 264.877 2.174
202106 1.733 271.696 2.106
202109 1.750 274.310 2.107
202112 1.695 278.802 2.008
202203 1.713 287.504 1.967
202206 1.427 296.311 1.590
202209 1.447 296.808 1.610
202212 1.466 296.797 1.631
202303 1.487 301.836 1.627
202306 1.478 305.109 1.600
202309 1.498 307.789 1.607
202312 1.525 306.746 1.642
202403 1.487 312.332 1.572
202406 1.489 314.175 1.565
202409 1.512 315.301 1.584
202412 1.536 315.605 1.607
202503 1.516 319.799 1.565
202506 1.542 322.561 1.579
202509 1.568 324.800 1.594
202512 1.589 324.054 1.619
202603 1.565 330.213 1.565

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 RM2.03 mean?
Mah Sing Group Bhd (XKLS:8583) has a Cyclically Adjusted Book per Share of RM2.03 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 Mah Sing Group Bhd and its competitors.
Is Mah Sing Group Bhd's Cyclically Adjusted Book per Share too high?
Mah Sing Group Bhd's current Cyclically Adjusted Book per Share is RM2.03. Overall, Mah Sing Group Bhd has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mah Sing Group Bhd's Cyclically Adjusted Book per Share compare to competitors?
Mah Sing Group Bhd's Cyclically Adjusted Book per Share of RM2.03 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Mah Sing Group Bhd and its competitors. Mah Sing Group Bhd's current Cyclically Adjusted Book per Share is RM2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mah Sing Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mah Sing Group Bhd (XKLS:8583) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.11, compared to a current price of RM0.95 — trading 14.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM2.03. Mah Sing Group Bhd's overall GF Score™ is 84/100 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 Mah Sing Group Bhd (XKLS:8583), the current Cyclically Adjusted Book per Share is RM2.03 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 Mah Sing Group Bhd (XKLS:8583) Overvalued in 2026?

Based on GuruFocus' analysis, Mah Sing Group Bhd stock appears to be undervalued. The current stock price of RM0.95 is trading 14.9% below its estimated GF Value™ of RM1.11. GuruFocus considers Mah Sing Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:8583:

  • Cyclically Adjusted Book per Share: RM2.03
  • GF Value™: RM1.11 vs. price of RM0.95 (14.9% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the XKLS:8583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mah Sing Group Bhd Business Description

Address No. 163, Jalan Sungai Besi, Penthouse Suite 1, Wisma Mah Sing, Kuala Lumpur, SGR, MYS, 57100
Mah Sing Group Bhd is a Malaysia-based company that is mainly engaged in three segments: Property, Manufacturing, and Investment Holding and others. The Property segment, which accounts for the majority of the company's revenue, invests in and develops residential, commercial, and industrial properties. The Manufacturing segment manufactures and trades a range of plastic molded products and gloves. The Investment holding and others segment is engaged in the provision of management and property support services, construction of residential properties, provision of hospitality management services, and trading of building materials. Geographically, it derives maximum revenue from Malaysia, followed by Indonesia, Singapore, Thailand, Philippines, United States, Australia, and other countries.
84GF Score

Get the complete analysis for XKLS:8583

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

RM0.95
Price
RM1.11
GF Value