YTL Bhd (TSE:1773) Cyclically Adjusted PB Ratio: 1.28 (As of Aug. 12, 2026) — 83% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1773 YTL Corp Bhd TSE:1773
82 GF Score
Price 円77.00
GF Value 円90.99
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is YTL Bhd Cyclically Adjusted PB Ratio?

YTL Bhd TSE:1773 82 Cyclically Adjusted PB Ratio is 1.28 as of Aug. 12, 2026, which is 83% above its 10-year median of 0.70. GuruFocus rates TSE:1773 with a GF Score™ of 82/100 and a GF Value™ of 円90.99 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 434 Utilities - Regulated companies, YTL Bhd ranks better than 55.07% on this metric.

As of today (2026-08-12), YTL Bhd's current share price is 円77.00. YTL Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円60.14. YTL Bhd's Cyclically Adjusted PB Ratio for today is 1.28.

The historical rank and industry rank for YTL Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:1773' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.7   Max: 2.51
Current: 1.39

During the past years, YTL Bhd's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.36. And the median was 0.70.

TSE:1773's Cyclically Adjusted PB Ratio is ranked better than
55.07% of 434 companies
in the Utilities - Regulated industry
Industry Median: 1.515 vs TSE:1773: 1.39

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.

YTL Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was 円63.606. 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 円60.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


YTL Bhd  (TSE:1773) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


YTL Bhd Cyclically Adjusted PB Ratio Related Terms


YTL Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for YTL Bhd's Cyclically Adjusted PB Ratio 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.

YTL Bhd Cyclically Adjusted PB Ratio Chart

YTL Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.39 0.69 2.27 1.52

YTL 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 PB Ratio 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 1.31 1.52 1.82 1.34 1.10

TSE:1773 vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, YTL 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.


YTL Bhd Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, YTL Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:1773
82GF Score
YTL Corp Bhd TSE:1773
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

YTL Bhd Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

YTL Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=77.00/60.14
=1.28

* 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.

YTL Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, YTL 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)
=63.606/330.2130*330.2130
=63.606

Current CPI (Mar. 2026) = 330.2130.

YTL Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 34.362 241.018 47.079
201609 34.086 241.428 46.621
201612 34.673 241.432 47.423
201703 34.238 243.801 46.373
201706 34.574 244.955 46.608
201709 35.800 246.819 47.896
201712 35.577 246.524 47.655
201803 34.601 249.554 45.784
201806 35.042 251.989 45.920
201809 35.364 252.439 46.259
201812 33.186 251.233 43.619
201903 34.284 254.202 44.536
201906 31.546 256.143 40.668
201909 30.591 256.759 39.343
201912 31.409 256.974 40.361
202003 29.334 258.115 37.528
202006 28.506 257.797 36.513
202009 28.715 260.280 36.430
202012 29.477 260.474 37.369
202103 31.373 264.877 39.112
202106 31.073 271.696 37.765
202109 29.627 274.310 35.665
202112 29.111 278.802 34.479
202203 32.570 287.504 37.408
202206 36.358 296.311 40.518
202209 36.581 296.808 40.698
202212 35.053 296.797 39.000
202303 35.838 301.836 39.207
202306 40.281 305.109 43.595
202309 43.222 307.789 46.371
202312 42.877 306.746 46.157
202403 46.393 312.332 49.049
202406 50.015 314.175 52.568
202409 47.494 315.301 49.740
202412 50.137 315.605 52.458
202503 50.348 319.799 51.988
202506 51.637 322.561 52.862
202509 53.351 324.800 54.240
202512 55.756 324.054 56.816
202603 63.606 330.213 63.606

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 1.28 mean?
YTL Bhd (TSE:1773) has a Cyclically Adjusted PB Ratio of 1.28 as of Aug. 12, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on YTL Bhd and its competitors. This is 83% above median its historical median of 0.70. Over the past decade, YTL Bhd's Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.51. According to the industry distribution chart, YTL Bhd ranks #195 out of 434 companies in the Utilities - Regulated industry, placing it in the top 44.9%.
Is YTL Bhd's Cyclically Adjusted PB Ratio too high?
YTL Bhd's current Cyclically Adjusted PB Ratio of 1.28 is 83% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.51. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. YTL Bhd's value of 1.28 is 15.5% below this industry median. Based on the distribution chart, YTL Bhd ranks #195 out of 434 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, YTL Bhd has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does YTL Bhd's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, YTL Bhd ranks #195 out of 434 companies for Cyclically Adjusted PB Ratio. This puts YTL Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. YTL Bhd's value of 1.28 is 15.5% below this benchmark. Historically, YTL Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.51 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.52, YTL Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 434 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. YTL Bhd's current Cyclically Adjusted PB Ratio of 1.28 is 15.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on YTL Bhd and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YTL Bhd's current Cyclically Adjusted PB Ratio is 1.28, which is 83% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YTL Bhd stock overvalued right now?
Based on GuruFocus' analysis, YTL Bhd (TSE:1773) is currently considered Modestly Undervalued. The stock's GF Value™ is 円90.99, compared to a current price of 円77.00 — trading 15.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.28, which is 83% above median its 10-year median of 0.70 and 15.5% below the Utilities - Regulated industry median of 1.52. YTL Bhd's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For YTL Bhd (TSE:1773), the current Cyclically Adjusted PB Ratio is 1.28 as of Aug. 12, 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 YTL Bhd (TSE:1773) Overvalued in 2026?

Based on GuruFocus' analysis, YTL Bhd stock appears to be undervalued. The current stock price of 円77.00 is trading 15.4% below its estimated GF Value™ of 円90.99. GuruFocus considers YTL Bhd to be Modestly Undervalued.

Key valuation signals for TSE:1773:

  • Cyclically Adjusted PB Ratio: 1.28 (83% above median its 10-year median of 0.70)
  • GF Value™: 円90.99 vs. price of 円77.00 (15.4% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 15.5% below the Utilities - Regulated median (#195 of 434)

No single metric tells the full story. See the TSE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


YTL Bhd Business Description

Other Exchanges YTLCF:USA4677:Malaysia
Address 205 Jalan Bukit Bintang, 33rd Floor, Menara YTL, Kuala Lumpur, SGR, MYS, 55100
YTL Corp Bhd is an integrated infrastructure developer with operations in Malaysia, Singapore, the United Kingdom, Australia, China, Finland, France, Indonesia, Japan, Jordan, the Netherlands, Thailand, the United Arab Emirates, and Vietnam. It is an investment holding and management company with segments including Utilities, Cement & Building Materials Industry, Property Investment & Development, Hotel Operations, and Management Services, construtions and others. The company generates majority of its revenue from the Utilities segment. Its geographic focus is Malaysia, the UK, Singapore, and other countries.
82GF Score

Get the complete analysis for TSE:1773

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

円77.00
Price
円90.99
GF Value