ETA Group Bhd (XKLS:9946) Cyclically Adjusted Book per Share: RM0.30 (As of Mar. 2026)


XKLS:9946 ETA Group Bhd XKLS:9946
33 GF Score
Price RM0.12
GF Value RM0.14
Valuation Modestly Undervalued
! 3 Warning Signs
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What is ETA Group Bhd Cyclically Adjusted Book per Share?

ETA Group Bhd XKLS:9946 33 Cyclically Adjusted Book per Share is RM0.30 as of Mar. 2026. GuruFocus rates XKLS:9946 with a GF Score™ of 33/100 and a GF Value™ of RM0.14 (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.

ETA Group Bhd's adjusted book value per share for the three months ended in Mar. 2026 was RM0.144. 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 RM0.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ETA Group Bhd's average Cyclically Adjusted Book Growth Rate was -9.10% per year. During the past 3 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 ETA Group Bhd was -2.80% per year. The lowest was -5.60% per year. And the median was -4.20% per year.

As of today (2026-07-04), ETA Group Bhd's current stock price is RM0.12. ETA Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.30. ETA Group Bhd's Cyclically Adjusted PB Ratio of today is 0.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ETA Group Bhd was 0.77. The lowest was 0.26. And the median was 0.39.


ETA Group Bhd  (XKLS:9946) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.12/0.30
=0.40

* 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 ETA Group Bhd was 0.77. The lowest was 0.26. And the median was 0.39.


Be Aware

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


ETA Group Bhd Cyclically Adjusted Book per Share Related Terms


ETA Group Bhd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ETA 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.

ETA Group Bhd Cyclically Adjusted Book per Share Chart

ETA Group Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.38 0.36 0.34 0.32

ETA 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 0.33 0.32 0.31 0.30 0.30

XKLS:9946 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, ETA 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.


ETA Group Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:9946
33GF Score
ETA Group Bhd XKLS:9946
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ETA 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, ETA 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)
=0.144/330.2130*330.2130
=0.144

Current CPI (Mar. 2026) = 330.2130.

ETA Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.350 238.132 0.485
201609 0.348 241.428 0.476
201612 0.356 241.432 0.487
201703 0.356 243.801 0.482
201706 0.353 244.955 0.476
201709 0.354 246.819 0.474
201712 0.350 246.524 0.469
201803 0.345 249.554 0.457
201806 0.313 251.989 0.410
201809 0.309 252.439 0.404
201812 0.306 251.233 0.402
201903 0.293 254.202 0.381
201906 0.281 256.143 0.362
201909 0.278 256.759 0.358
201912 0.275 256.974 0.353
202003 0.262 258.115 0.335
202006 0.252 257.797 0.323
202009 0.248 260.280 0.315
202012 0.223 260.474 0.283
202103 0.224 264.877 0.279
202106 0.225 271.696 0.273
202109 0.228 274.310 0.274
202112 0.227 278.802 0.269
202203 0.229 287.504 0.263
202206 0.229 296.311 0.255
202209 0.220 296.808 0.245
202212 0.212 296.797 0.236
202303 0.212 301.836 0.232
202306 0.157 305.109 0.170
202309 0.155 307.789 0.166
202312 0.153 306.746 0.165
202403 0.152 312.332 0.161
202406 0.147 314.175 0.155
202409 0.165 315.301 0.173
202412 0.161 315.605 0.168
202503 0.155 319.799 0.160
202506 0.155 322.561 0.159
202509 0.154 324.800 0.157
202512 0.145 324.054 0.148
202603 0.144 330.213 0.144

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 RM0.30 mean?
ETA Group Bhd (XKLS:9946) has a Cyclically Adjusted Book per Share of RM0.30 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 ETA Group Bhd and its competitors.
Is ETA Group Bhd's Cyclically Adjusted Book per Share too high?
ETA Group Bhd's current Cyclically Adjusted Book per Share is RM0.30. Overall, ETA Group Bhd has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ETA Group Bhd's Cyclically Adjusted Book per Share compare to KHC and GIS?
ETA Group Bhd's Cyclically Adjusted Book per Share of RM0.30 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 ETA Group Bhd and its competitors. ETA Group Bhd's current Cyclically Adjusted Book per Share is RM0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETA Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ETA Group Bhd (XKLS:9946) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.12 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is RM0.30. ETA Group Bhd's overall GF Score™ is 33/100 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 ETA Group Bhd (XKLS:9946), the current Cyclically Adjusted Book per Share is RM0.30 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 ETA Group Bhd (XKLS:9946) Overvalued in 2026?

Based on GuruFocus' analysis, ETA Group Bhd stock appears to be undervalued. The current stock price of RM0.12 is trading 14.3% below its estimated GF Value™ of RM0.14. GuruFocus considers ETA Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:9946:

  • Cyclically Adjusted Book per Share: RM0.30
  • GF Value™: RM0.14 vs. price of RM0.12 (14.3% below fair value)
  • GF Score™: 33/100 with 3 warning signs

No single metric tells the full story. See the XKLS:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ETA Group Bhd Business Description

Address No. 46C, Plaza Damansara, Jalan Medan Setia 2, Bukit Damansara, Wilayah Persekutuan, Kuala Lumpur, MYS, 50490
ETA Group Bhd is engaged in property development, property management and property investment, as well as construction and construction-related activities, including the trading and supply of construction materials. Its activities include Sourcing of land, Architectural and engineering services, Submission and approvals, Construction, Project management, and Delivery of vacant possession. It operates in two segment the manufacture and distribution of canned food, beverages and premix products and the trading and distribution of construction materials. It derives revenue from Trading and distribution of construction materials segment. Geographically, it operates in Malaysia, Europe, USA, and Asia (excluding Malaysia) with majority of revenue deriving from USA.
33GF Score

Get the complete analysis for XKLS:9946

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

RM0.12
Price
RM0.14
GF Value