JAG Bhd (XKLS:0024) Cyclically Adjusted PB Ratio: 1.04 (As of Sep. 14, 2026) — 37% Above Median

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XKLS:0024 JAG Bhd XKLS:0024
41 GF Score
Price RM0.37
GF Value RM0.28
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is JAG Bhd Cyclically Adjusted PB Ratio?

JAG Bhd XKLS:0024 41 Cyclically Adjusted PB Ratio is 1.04 as of Sep. 14, 2026, which is 37% above its 10-year median of 0.76. GuruFocus rates XKLS:0024 with a GF Score™ of 41/100 and a GF Value™ of RM0.28 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 156 Waste Management companies, JAG Bhd ranks better than 63.46% on this metric.

As of today (2026-09-14), JAG Bhd's current share price is RM0.365. JAG Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM0.35. JAG Bhd's Cyclically Adjusted PB Ratio for today is 1.04.

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

XKLS:0024' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.76   Max: 1.27
Current: 1.04

During the past years, JAG Bhd's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.32. And the median was 0.76.

XKLS:0024's Cyclically Adjusted PB Ratio is ranked better than
63.46% of 156 companies
in the Waste Management industry
Industry Median: 1.71 vs XKLS:0024: 1.04

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.

JAG Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM0.305. 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 RM0.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JAG Bhd  (XKLS:0024) 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.


JAG Bhd Cyclically Adjusted PB Ratio Related Terms


JAG Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JAG 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.

JAG Bhd Cyclically Adjusted PB Ratio Chart

JAG 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 0.79 0.85 0.71 0.94 0.87

JAG Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.67 0.76 0.87 0.96 1.03

XKLS:0024 vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, JAG 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.


JAG Bhd Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, JAG Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0024
41GF Score
JAG Bhd XKLS:0024
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JAG 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.365/0.35
=1.04

* 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.

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

For example, JAG Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.305/333.9520*333.9520
=0.305

Current CPI (Jun. 2026) = 333.9520.

JAG Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.313 241.428 0.433
201612 0.315 241.432 0.436
201703 0.321 243.801 0.440
201706 0.320 244.955 0.436
201709 0.330 246.819 0.446
201712 0.332 246.524 0.450
201803 0.333 249.554 0.446
201806 0.332 251.989 0.440
201809 0.302 252.439 0.400
201812 0.318 251.233 0.423
201903 0.305 254.202 0.401
201906 0.297 256.143 0.387
201909 0.255 256.759 0.332
201912 0.261 256.974 0.339
202003 0.265 258.115 0.343
202006 0.269 257.797 0.348
202009 0.273 260.280 0.350
202012 0.257 260.474 0.329
202103 0.265 264.877 0.334
202106 0.272 271.696 0.334
202109 0.270 274.310 0.329
202112 0.274 278.802 0.328
202203 0.275 287.504 0.319
202206 0.278 296.311 0.313
202209 0.280 296.808 0.315
202212 0.282 296.797 0.317
202303 0.284 301.836 0.314
202306 0.285 305.109 0.312
202309 0.286 307.789 0.310
202312 0.284 306.746 0.309
202403 0.288 312.332 0.308
202406 0.291 314.175 0.309
202409 0.293 315.301 0.310
202412 0.293 315.605 0.310
202503 0.284 319.799 0.297
202506 0.282 322.561 0.292
202509 0.279 324.800 0.287
202512 0.288 324.054 0.297
202603 0.297 330.213 0.300
202606 0.305 333.952 0.305

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 1.04 mean?
JAG Bhd (XKLS:0024) has a Cyclically Adjusted PB Ratio of 1.04 as of Sep. 14, 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 JAG Bhd and its competitors. This is 37% above median its historical median of 0.76. Over the past decade, JAG Bhd's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.27. According to the industry distribution chart, JAG Bhd ranks #57 out of 156 companies in the Waste Management industry, placing it in the top 36.5%.
Is JAG Bhd's Cyclically Adjusted PB Ratio too high?
JAG Bhd's current Cyclically Adjusted PB Ratio of 1.04 is 37% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.27. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.71. JAG Bhd's value of 1.04 is 39.2% below this industry median. Based on the distribution chart, JAG Bhd ranks #57 out of 156 companies in the Waste Management industry, which is above the industry midpoint. Overall, JAG Bhd has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JAG Bhd's Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, JAG Bhd ranks #57 out of 156 companies for Cyclically Adjusted PB Ratio. This puts JAG Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. JAG Bhd's value of 1.04 is 39.2% below this benchmark. Historically, JAG Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.27 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.71, JAG 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.71, based on 156 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. JAG Bhd's current Cyclically Adjusted PB Ratio of 1.04 is 39.2% 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 JAG Bhd and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JAG Bhd's current Cyclically Adjusted PB Ratio is 1.04, which is 37% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JAG Bhd stock overvalued right now?
Based on GuruFocus' analysis, JAG Bhd (XKLS:0024) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.37 — trading 30.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 37% above median its 10-year median of 0.76 and 39.2% below the Waste Management industry median of 1.71. JAG Bhd's overall GF Score™ is 41/100 with 6 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 JAG Bhd (XKLS:0024), the current Cyclically Adjusted PB Ratio is 1.04 as of Sep. 14, 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 JAG Bhd (XKLS:0024) Overvalued in 2026?

Based on GuruFocus' analysis, JAG Bhd stock appears to be overvalued. The current stock price of RM0.37 is trading 30.4% above its estimated GF Value™ of RM0.28. GuruFocus considers JAG Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:0024:

  • Cyclically Adjusted PB Ratio: 1.04 (37% above median its 10-year median of 0.76)
  • GF Value™: RM0.28 vs. price of RM0.37 (30.4% above fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 39.2% below the Waste Management median (#57 of 156)

No single metric tells the full story. See the XKLS:0024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JAG Bhd Business Description

Address 72A, Jalan Universiti, D65-3A, Block D, Jaya One, Petaling Jaya, SGR, MYS, 46200
JAG Bhd is an investment holding company with five reportable segments: Manufacturing, Trading, Lifestyle and Services; Investment and Property Development. The Manufacturing Segment that derives the majority of revenue involves recycling and manufacturing activities of extraction, production, and refinery of ferrous, non-ferrous, and precious metals via industrial and electronic waste. Trading includes the trading of ferrous and non-ferrous metals. Lifestyle and Services include operating a coin-operated laundry business. Property development includes buying, selling, and renting self-owned or leased real estate land, property development, and project management. It has operations in Malaysia, China, Japan, and Others.
41GF Score

Get the complete analysis for XKLS:0024

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

RM0.37
Price
RM0.28
GF Value