Nova MSC Bhd (XKLS:0026) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Nova MSC Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nova MSC Bhd  (XKLS:0026) 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.


Nova MSC Bhd Cyclically Adjusted PB Ratio Related Terms


Nova MSC Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nova 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.

Nova MSC Bhd Cyclically Adjusted PB Ratio Chart

Nova MSC Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.47 1.32 0.92 0.00

Nova MSC 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 0.00 0.80 0.84 0.70 0.00

XKLS:0026 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Nova 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.


Nova MSC Bhd Cyclically Adjusted PB Ratio vs Software Industry

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

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



Nova 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.

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

For example, Nova MSC 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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Nova MSC Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.092 241.428 0.127
201612 0.089 241.432 0.123
201703 0.064 243.801 0.088
201706 0.064 244.955 0.087
201709 0.066 246.819 0.089
201712 0.064 246.524 0.087
201803 0.056 249.554 0.075
201806 0.063 251.989 0.083
201809 0.074 252.439 0.098
201812 0.076 251.233 0.101
201903 0.074 254.202 0.097
201906 0.076 256.143 0.099
201909 0.077 256.759 0.100
201912 0.078 256.974 0.101
202003 0.087 258.115 0.113
202006 0.066 257.797 0.085
202009 0.062 260.280 0.080
202012 0.054 260.474 0.069
202103 0.060 264.877 0.076
202106 0.057 271.696 0.070
202109 0.047 274.310 0.057
202112 0.038 278.802 0.046
202203 0.042 287.504 0.049
202206 0.033 296.311 0.037
202209 0.029 296.808 0.033
202212 0.025 296.797 0.028
202303 0.032 301.836 0.035
202306 0.022 305.109 0.024
202309 0.020 307.789 0.022
202312 0.020 306.746 0.022
202403 0.026 312.332 0.028
202406 0.017 314.175 0.018
202409 0.019 315.301 0.020
202412 0.020 315.605 0.021
202503 0.026 319.799 0.027
202506 0.000 322.561 0.000
202509 0.024 324.800 0.025
202512 0.022 324.054 0.023
202603 0.021 330.213 0.021
202606 0.000 333.952 0.000

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.


Nova MSC Bhd Business Description

Address No. 1, Medan Syed Putra Utara, Suite A-18-3, Northpoint, Mid Valley City, Tower A, Level 18, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Nova MSC Bhd is an investment holding company engaged in software research and development and the provision of e-business solutions through application software and professional services. The Group operates one segment, E-Business Solutions, covering software development, e-business solutions, and software-related consultancy services. Its products include Pavo for online submissions, Fornax for electronic plan checking, Vesalius for hospital functions, Avicenna for cloud-based patient management, EyScan for retinal photo analysis using SELENA+, and Dexie, a social robot for dementia care. The Company also provides consultancy, training, maintenance and customization services in Malaysia and Singapore.