Artroniq Bhd (XKLS:0038) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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:0038 Artroniq Bhd XKLS:0038
34 GF Score
Price RM0.13
GF Value RM0.07
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Artroniq Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Artroniq Bhd  (XKLS:0038) 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.


Artroniq Bhd Cyclically Adjusted PB Ratio Related Terms


Artroniq Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Artroniq 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.

Artroniq Bhd Cyclically Adjusted PB Ratio Chart

Artroniq Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 2.97 - - -

Artroniq Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 0.40 0.40 0.73 0.67 0.64

XKLS:0038 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Artroniq 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.


Artroniq Bhd Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


XKLS:0038
34GF Score
Artroniq Bhd XKLS:0038
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artroniq 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.

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

For example, Artroniq 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)
=0.124/333.9520*333.9520
=0.124

Current CPI (Jun. 2026) = 333.9520.

Artroniq Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.224 238.132 0.314
201606 0.227 241.018 0.315
201609 0.229 241.428 0.317
201612 0.231 241.432 0.320
201703 0.231 243.801 0.316
201706 0.225 244.955 0.307
201709 0.219 246.819 0.296
201712 0.207 246.524 0.280
201803 0.202 249.554 0.270
201806 0.206 251.989 0.273
201809 0.201 252.439 0.266
201812 0.166 251.233 0.221
201903 0.164 254.202 0.215
201906 0.160 256.143 0.209
201909 0.158 256.759 0.206
201912 0.154 256.974 0.200
202003 0.138 258.115 0.179
202006 0.135 257.797 0.175
202009 0.119 260.280 0.153
202012 0.100 260.474 0.128
202103 0.117 264.877 0.148
202106 0.117 271.696 0.144
202109 0.118 274.310 0.144
202112 0.119 278.802 0.143
202203 0.148 287.504 0.172
202206 0.148 296.311 0.167
202209 0.149 296.808 0.168
202212 0.152 296.797 0.171
202303 0.168 301.836 0.186
202306 0.129 305.109 0.141
202403 0.217 312.332 0.232
202406 0.214 314.175 0.227
202409 0.140 315.301 0.148
202412 0.150 315.605 0.159
202503 0.141 319.799 0.147
202506 0.137 322.561 0.142
202509 0.135 324.800 0.139
202512 0.128 324.054 0.132
202603 0.125 330.213 0.126
202606 0.124 333.952 0.124

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.

Is Artroniq Bhd (XKLS:0038) Overvalued in 2026?

Based on GuruFocus' analysis, Artroniq Bhd stock appears to be overvalued. The current stock price of RM0.13 is trading 78.6% above its estimated GF Value™ of RM0.07. GuruFocus considers Artroniq Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0038:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM0.07 vs. price of RM0.13 (78.6% above fair value)
  • GF Score™: 34/100 with 2 warning signs

No single metric tells the full story. See the XKLS:0038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artroniq Bhd Business Description

Address 42A-5, Jalan Metro Pudu Fraser, Business Park, Off Jalan Yew, Kuala Lumpur, SGR, MYS, 55100
Artroniq Bhd is an investment holding company. It operates in five segments: Trading of information and communication technology (ICT) products; ICT-related services; Management services; and Semiconductor. It generates maximum revenue from the Trading of ICT products. The company operates in Malaysia, Asia, the Middle East, America, and others.
34GF Score

Get the complete analysis for XKLS:0038

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

RM0.13
Price
RM0.07
GF Value