IFCA MSC Bhd (XKLS:0023) Cyclically Adjusted PB Ratio: 0.91 (As of Jul. 29, 2026) — 42% Below Median

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XKLS:0023 IFCA MSC Bhd XKLS:0023
51 GF Score
Price RM0.21
GF Value RM0.33
Valuation Significantly Undervalued
! 4 Warning Signs
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What is IFCA MSC Bhd Cyclically Adjusted PB Ratio?

IFCA MSC Bhd XKLS:0023 -4.55% 51 Cyclically Adjusted PB Ratio is 0.91 as of Jul. 29, 2026, which is 42% below its 10-year median of 1.58. GuruFocus rates XKLS:0023 with a GF Score™ of 51/100 and a GF Value™ of RM0.33 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,583 Software companies, IFCA MSC Bhd ranks better than 76.56% on this metric.

As of today (2026-07-29), IFCA MSC Bhd's current share price is RM0.21. IFCA MSC Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.23. IFCA MSC Bhd's Cyclically Adjusted PB Ratio for today is 0.91.

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

XKLS:0023' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.58   Max: 3.83
Current: 0.9

During the past years, IFCA MSC Bhd's highest Cyclically Adjusted PB Ratio was 3.83. The lowest was 0.78. And the median was 1.58.

XKLS:0023's Cyclically Adjusted PB Ratio is ranked better than
76.56% of 1583 companies
in the Software industry
Industry Median: 2.25 vs XKLS:0023: 0.90

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.

IFCA MSC Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.202. 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 RM0.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IFCA MSC Bhd  (XKLS:0023) 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.


IFCA MSC Bhd Cyclically Adjusted PB Ratio Related Terms


IFCA MSC Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IFCA MSC 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.

IFCA MSC Bhd Cyclically Adjusted PB Ratio Chart

IFCA MSC Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 1.35 1.31 2.87 1.04

IFCA MSC 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 1.91 1.21 1.44 1.04 0.75

XKLS:0023 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, IFCA MSC 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.


IFCA MSC Bhd Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, IFCA MSC Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0023
51GF Score
IFCA MSC Bhd XKLS:0023
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IFCA MSC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.21/0.23
=0.91

* 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.

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

For example, IFCA MSC 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)
=0.202/330.2130*330.2130
=0.202

Current CPI (Mar. 2026) = 330.2130.

IFCA MSC Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.189 241.018 0.259
201609 0.167 241.428 0.228
201612 0.174 241.432 0.238
201703 0.177 243.801 0.240
201706 0.181 244.955 0.244
201709 0.179 246.819 0.239
201712 0.184 246.524 0.246
201803 0.184 249.554 0.243
201806 0.185 251.989 0.242
201809 0.184 252.439 0.241
201812 0.197 251.233 0.259
201903 0.197 254.202 0.256
201906 0.199 256.143 0.257
201909 0.193 256.759 0.248
201912 0.197 256.974 0.253
202003 0.191 258.115 0.244
202006 0.200 257.797 0.256
202009 0.194 260.280 0.246
202012 0.201 260.474 0.255
202103 0.201 264.877 0.251
202106 0.206 271.696 0.250
202109 0.204 274.310 0.246
202112 0.213 278.802 0.252
202203 0.209 287.504 0.240
202206 0.205 296.311 0.228
202209 0.197 296.808 0.219
202212 0.196 296.797 0.218
202303 0.197 301.836 0.216
202306 0.200 305.109 0.216
202309 0.200 307.789 0.215
202312 0.201 306.746 0.216
202403 0.203 312.332 0.215
202406 0.207 314.175 0.218
202409 0.215 315.301 0.225
202412 0.206 315.605 0.216
202503 0.206 319.799 0.213
202506 0.201 322.561 0.206
202509 0.202 324.800 0.205
202512 0.203 324.054 0.207
202603 0.202 330.213 0.202

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 0.91 mean?
IFCA MSC Bhd (XKLS:0023) has a Cyclically Adjusted PB Ratio of 0.91 as of Jul. 29, 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 IFCA MSC Bhd and its competitors. This is 42% below median its historical median of 1.58. Over the past decade, IFCA MSC Bhd's Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.83. According to the industry distribution chart, IFCA MSC Bhd ranks #371 out of 1583 companies in the Software industry, placing it in the top 23.4%.
Is IFCA MSC Bhd's Cyclically Adjusted PB Ratio too high?
IFCA MSC Bhd's current Cyclically Adjusted PB Ratio of 0.91 is 42% below median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.83. The Software industry median Cyclically Adjusted PB Ratio is 2.25. IFCA MSC Bhd's value of 0.91 is 59.6% below this industry median. Based on the distribution chart, IFCA MSC Bhd ranks #371 out of 1583 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, IFCA MSC Bhd has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFCA MSC Bhd's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, IFCA MSC Bhd ranks #371 out of 1583 companies for Cyclically Adjusted PB Ratio. This places IFCA MSC Bhd in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.25. IFCA MSC Bhd's value of 0.91 is 59.6% below this benchmark. Historically, IFCA MSC Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.83 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 2.25, IFCA MSC 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,583 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. IFCA MSC Bhd's current Cyclically Adjusted PB Ratio of 0.91 is 59.6% 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 IFCA MSC Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFCA MSC Bhd's current Cyclically Adjusted PB Ratio is 0.91, which is 42% below median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFCA MSC Bhd stock overvalued right now?
Based on GuruFocus' analysis, IFCA MSC Bhd (XKLS:0023) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.33, compared to a current price of RM0.21 — trading 36.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 42% below median its 10-year median of 1.58 and 59.6% below the Software industry median of 2.25. IFCA MSC Bhd's overall GF Score™ is 51/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For IFCA MSC Bhd (XKLS:0023), the current Cyclically Adjusted PB Ratio is 0.91 as of Jul. 29, 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 IFCA MSC Bhd (XKLS:0023) Overvalued in 2026?

Based on GuruFocus' analysis, IFCA MSC Bhd stock appears to be undervalued. The current stock price of RM0.21 is trading 36.4% below its estimated GF Value™ of RM0.33. GuruFocus considers IFCA MSC Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0023:

  • Cyclically Adjusted PB Ratio: 0.91 (42% below median its 10-year median of 1.58)
  • GF Value™: RM0.33 vs. price of RM0.21 (36.4% below fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 59.6% below the Software median (#371 of 1583)

No single metric tells the full story. See the XKLS:0023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IFCA MSC Bhd Business Description

Address Wisma IFCA, No 19, Jalan PJU 1/42A, Dataran Prima, Petaling Jaya, SGR, MYS, 47301
IFCA MSC Bhd is engaged in the research and development of enterprise-wide business solutions. The company provides business software solutions for the property industry. These properties cover shopping malls, chain stores, residential, industrials, commercials, resorts, hotels, and recreational sports clubs. It operates through two geographical segments namely Malaysia and Foreign. The Malaysia segment includes turnkey e-business applications. Its Foreign business segment focuses on research and development center for all customized projects for overseas market.
51GF Score

Get the complete analysis for XKLS:0023

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

RM0.21
Price
RM0.33
GF Value