Nova MSC Bhd (XKLS:0026) Cyclically Adjusted PB Ratio: 1.08 (As of Jul. 31, 2026) — 14% Below Median

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What is Nova MSC Bhd Cyclically Adjusted PB Ratio?

Nova MSC Bhd XKLS:0026 Cyclically Adjusted PB Ratio is 1.08 as of Jul. 31, 2026, which is 14% below its 10-year median of 1.25. The stock has 7 warning signs investors should review. Among 1,577 Software companies, Nova MSC Bhd ranks better than 73.37% on this metric.

As of today (2026-07-31), Nova MSC Bhd's current share price is RM0.065. Nova MSC Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.06. Nova MSC Bhd's Cyclically Adjusted PB Ratio for today is 1.08.

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

XKLS:0026' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.25   Max: 3.79
Current: 1.01

During the past years, Nova MSC Bhd's highest Cyclically Adjusted PB Ratio was 3.79. The lowest was 0.38. And the median was 1.25.

XKLS:0026's Cyclically Adjusted PB Ratio is ranked better than
73.37% of 1577 companies
in the Software industry
Industry Median: 2.23 vs XKLS:0026: 1.01

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.

Nova MSC Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.021. 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 RM0.06 for the trailing ten years ended in Mar. 2026.

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 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 1.18 1.07 1.47 1.32

Nova 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 0.92 0.00 0.80 0.84 0.70

XKLS:0026 vs QH, 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.065/0.06
=1.08

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

For example, Nova 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)
=0.021/330.2130*330.2130
=0.021

Current CPI (Mar. 2026) = 330.2130.

Nova MSC Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.113 241.018 0.155
201609 0.092 241.428 0.126
201612 0.089 241.432 0.122
201703 0.064 243.801 0.087
201706 0.064 244.955 0.086
201709 0.066 246.819 0.088
201712 0.064 246.524 0.086
201803 0.056 249.554 0.074
201806 0.063 251.989 0.083
201809 0.074 252.439 0.097
201812 0.076 251.233 0.100
201903 0.074 254.202 0.096
201906 0.076 256.143 0.098
201909 0.077 256.759 0.099
201912 0.078 256.974 0.100
202003 0.087 258.115 0.111
202006 0.066 257.797 0.085
202009 0.062 260.280 0.079
202012 0.054 260.474 0.068
202103 0.060 264.877 0.075
202106 0.057 271.696 0.069
202109 0.047 274.310 0.057
202112 0.038 278.802 0.045
202203 0.042 287.504 0.048
202206 0.033 296.311 0.037
202209 0.029 296.808 0.032
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 0.021
202312 0.020 306.746 0.022
202403 0.026 312.332 0.027
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 0.024
202512 0.022 324.054 0.022
202603 0.021 330.213 0.021

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 1.08 mean?
Nova MSC Bhd (XKLS:0026) has a Cyclically Adjusted PB Ratio of 1.08 as of Jul. 31, 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 Nova MSC Bhd and its competitors. This is 14% below median its historical median of 1.25. Over the past decade, Nova MSC Bhd's Cyclically Adjusted PB Ratio has ranged from 0.38 to 3.79. According to the industry distribution chart, Nova MSC Bhd ranks #420 out of 1577 companies in the Software industry, placing it in the top 26.6%.
Is Nova MSC Bhd's Cyclically Adjusted PB Ratio too high?
Nova MSC Bhd's current Cyclically Adjusted PB Ratio of 1.08 is 14% below median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 3.79. The Software industry median Cyclically Adjusted PB Ratio is 2.23. Nova MSC Bhd's value of 1.08 is 51.6% below this industry median. Based on the distribution chart, Nova MSC Bhd ranks #420 out of 1577 companies in the Software industry, which is above the industry midpoint.
How does Nova MSC Bhd's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Nova MSC Bhd ranks #420 out of 1577 companies for Cyclically Adjusted PB Ratio. This puts Nova MSC Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.23. Nova MSC Bhd's value of 1.08 is 51.6% below this benchmark. Historically, Nova MSC Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.38 to 3.79 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 2.23, Nova 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 2.23, based on 1,577 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. Nova MSC Bhd's current Cyclically Adjusted PB Ratio of 1.08 is 51.6% 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 Nova MSC Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova MSC Bhd's current Cyclically Adjusted PB Ratio is 1.08, which is 14% below median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova MSC Bhd stock overvalued right now?
Based on GuruFocus' analysis, Nova MSC Bhd (XKLS:0026) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.05, compared to a current price of RM0.07 — trading 30% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is 14% below median its 10-year median of 1.25 and 51.6% below the Software industry median of 2.23. 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 Nova MSC Bhd (XKLS:0026), the current Cyclically Adjusted PB Ratio is 1.08 as of Jul. 31, 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.

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.