Kotra Industries Bhd (XKLS:0002) Cyclically Adjusted PB Ratio: 2.18 (As of Jul. 19, 2026) — 19% Below 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.

XKLS:0002 Kotra Industries Bhd XKLS:0002
83 GF Score
Price RM3.72
GF Value RM4.35
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kotra Industries Bhd Cyclically Adjusted PB Ratio?

Kotra Industries Bhd XKLS:0002 +0.54% 83 Cyclically Adjusted PB Ratio is 2.18 as of Jul. 19, 2026, which is 19% below its 10-year median of 2.69. GuruFocus rates XKLS:0002 with a GF Score™ of 83/100 and a GF Value™ of RM4.35 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 758 Drug Manufacturers companies, Kotra Industries Bhd ranks worse than 55.28% on this metric.

As of today (2026-07-19), Kotra Industries Bhd's current share price is RM3.72. Kotra Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.71. Kotra Industries Bhd's Cyclically Adjusted PB Ratio for today is 2.18.

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

XKLS:0002' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.63   Med: 2.69   Max: 5.1
Current: 2.17

During the past years, Kotra Industries Bhd's highest Cyclically Adjusted PB Ratio was 5.10. The lowest was 1.63. And the median was 2.69.

XKLS:0002's Cyclically Adjusted PB Ratio is ranked worse than
55.28% of 758 companies
in the Drug Manufacturers industry
Industry Median: 1.855 vs XKLS:0002: 2.17

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.

Kotra Industries Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.949. 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 RM1.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kotra Industries Bhd  (XKLS:0002) 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.


Kotra Industries Bhd Cyclically Adjusted PB Ratio Related Terms


Kotra Industries Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kotra Industries 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.

Kotra Industries Bhd Cyclically Adjusted PB Ratio Chart

Kotra Industries 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 2.08 3.09 3.64 2.79 2.58

Kotra Industries 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 2.63 2.58 2.56 2.49 2.37

XKLS:0002 vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kotra 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.


Kotra Industries Bhd Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kotra Industries Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0002
83GF Score
Kotra Industries Bhd XKLS:0002
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kotra Industries 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.72/1.71
=2.18

* 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.

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

For example, Kotra Industries 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)
=1.949/330.2130*330.2130
=1.949

Current CPI (Mar. 2026) = 330.2130.

Kotra Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.992 241.018 1.359
201609 0.994 241.428 1.360
201612 1.035 241.432 1.416
201703 1.051 243.801 1.424
201706 1.066 244.955 1.437
201709 1.084 246.819 1.450
201712 1.116 246.524 1.495
201803 1.100 249.554 1.456
201806 1.142 251.989 1.497
201809 1.177 252.439 1.540
201812 1.145 251.233 1.505
201903 1.151 254.202 1.495
201906 1.196 256.143 1.542
201909 1.231 256.759 1.583
201912 1.245 256.974 1.600
202003 1.251 258.115 1.600
202006 1.305 257.797 1.672
202009 1.313 260.280 1.666
202012 1.289 260.474 1.634
202103 1.311 264.877 1.634
202106 1.395 271.696 1.695
202109 1.496 274.310 1.801
202112 1.520 278.802 1.800
202203 1.540 287.504 1.769
202206 1.650 296.311 1.839
202209 1.773 296.808 1.973
202212 1.724 296.797 1.918
202303 1.742 301.836 1.906
202306 1.828 305.109 1.978
202309 1.929 307.789 2.070
202312 1.852 306.746 1.994
202403 1.773 312.332 1.875
202406 1.857 314.175 1.952
202409 1.923 315.301 2.014
202412 1.742 315.605 1.823
202503 1.822 319.799 1.881
202506 1.889 322.561 1.934
202509 1.956 324.800 1.989
202512 1.895 324.054 1.931
202603 1.949 330.213 1.949

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 2.18 mean?
Kotra Industries Bhd (XKLS:0002) has a Cyclically Adjusted PB Ratio of 2.18 as of Jul. 19, 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 Kotra Industries Bhd and its competitors. This is 19% below median its historical median of 2.69. Over the past decade, Kotra Industries Bhd's Cyclically Adjusted PB Ratio has ranged from 1.63 to 5.10. According to the industry distribution chart, Kotra Industries Bhd ranks #419 out of 758 companies in the Drug Manufacturers industry, placing it in the top 55.3%.
Is Kotra Industries Bhd's Cyclically Adjusted PB Ratio too high?
Kotra Industries Bhd's current Cyclically Adjusted PB Ratio of 2.18 is 19% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 5.10. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.86. Kotra Industries Bhd's value of 2.18 is 17.5% above this industry median. Based on the distribution chart, Kotra Industries Bhd ranks #419 out of 758 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Kotra Industries Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kotra Industries Bhd's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Kotra Industries Bhd ranks #419 out of 758 companies for Cyclically Adjusted PB Ratio. This places Kotra Industries Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. Kotra Industries Bhd's value of 2.18 is 17.5% above this benchmark. Historically, Kotra Industries Bhd's own Cyclically Adjusted PB Ratio has ranged from 1.63 to 5.10 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.86, Kotra Industries Bhd has consistently been above 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 a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.86, based on 758 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. Kotra Industries Bhd's current Cyclically Adjusted PB Ratio of 2.18 is 17.5% above 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 Kotra Industries Bhd and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kotra Industries Bhd's current Cyclically Adjusted PB Ratio is 2.18, which is 19% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kotra Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kotra Industries Bhd (XKLS:0002) is currently considered Modestly Undervalued. The stock's GF Value™ is RM4.35, compared to a current price of RM3.72 — trading 14.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 19% below median its 10-year median of 2.69 and 17.5% above the Drug Manufacturers industry median of 1.86. Kotra Industries Bhd's overall GF Score™ is 83/100 with 2 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 Kotra Industries Bhd (XKLS:0002), the current Cyclically Adjusted PB Ratio is 2.18 as of Jul. 19, 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 Kotra Industries Bhd (XKLS:0002) Overvalued in 2026?

Based on GuruFocus' analysis, Kotra Industries Bhd stock appears to be undervalued. The current stock price of RM3.72 is trading 14.5% below its estimated GF Value™ of RM4.35. GuruFocus considers Kotra Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0002:

  • Cyclically Adjusted PB Ratio: 2.18 (19% below median its 10-year median of 2.69)
  • GF Value™: RM4.35 vs. price of RM3.72 (14.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 17.5% above the Drug Manufacturers median (#419 of 758)

No single metric tells the full story. See the XKLS:0002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kotra Industries Bhd Business Description

Address Jalan TTC 12, No. 1, 2 & 3, Cheng Industrial Estate, Melaka, MYS, 75250
Kotra Industries Bhd is a Malaysian pharmaceutical company engaged in the development, manufacturing, and supply of pharmaceutical and healthcare products supporting all life stages. Its portfolio includes life-saving medicines, OTC supplements, and nutrition products. The Group markets three core brands: Appeton, offering health supplements and nutrition across all age groups; Vaxcel, providing injectable medicines for infectious diseases, kidney care, and gastroenterology; and Axcel, specializing in oral and topical medicines for paediatrics, dermatology, and infectious diseases. The company operates in Malaysia and overseas, with the majority of revenue derived from Malaysia.
83GF Score

Get the complete analysis for XKLS:0002

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

RM3.72
Price
RM4.35
GF Value