Aimax Bhd (XKLS:0041) Cyclically Adjusted PB Ratio: (As of Jul. 26, 2026)

Author: Vera Yuan Vera Yuan
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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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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 Aimax Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aimax Bhd  (XKLS:0041) 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.


Aimax Bhd Cyclically Adjusted PB Ratio Related Terms


Aimax Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aimax 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.

Aimax Bhd Cyclically Adjusted PB Ratio Chart

Aimax Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Mar19 Mar20 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 4.96 0.76

Aimax Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.16 0.16 0.16 0.16 0.00

XKLS:0041 vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Aimax 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.


Aimax Bhd Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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



Aimax 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.

Aimax Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Aimax Bhd's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0/324.8000*324.8000
=0.000

Current CPI (Sep. 2025) = 324.8000.

Aimax Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.068 234.812 0.094
201503 0.067 236.119 0.092
201506 0.068 238.638 0.093
201509 0.062 237.945 0.085
201512 0.065 236.525 0.089
201603 0.062 238.132 0.085
201606 0.062 241.018 0.084
201609 0.059 241.428 0.079
201612 0.058 241.432 0.078
201703 0.049 243.801 0.065
201706 0.055 244.955 0.073
201709 0.052 246.819 0.068
201803 0.000 249.554 0.000
201806 0.031 251.989 0.040
201809 0.031 252.439 0.040
201812 0.024 251.233 0.031
201903 0.016 254.202 0.020
201906 0.016 256.143 0.020
201909 0.014 256.759 0.018
201912 0.024 256.974 0.030
202003 0.017 258.115 0.021
202006 0.017 257.797 0.021
202009 0.030 260.280 0.037
202012 0.018 260.474 0.022
202106 0.046 271.696 0.055
202112 0.061 278.802 0.071
202203 0.070 287.504 0.079
202206 0.073 296.311 0.080
202209 0.076 296.808 0.083
202212 0.075 296.797 0.082
202303 0.073 301.836 0.079
202306 0.072 305.109 0.077
202309 0.071 307.789 0.075
202312 0.069 306.746 0.073
202406 0.059 314.175 0.061
202409 0.056 315.301 0.058
202412 0.058 315.605 0.060
202503 0.059 319.799 0.060
202506 0.056 322.561 0.056
202509 0.000 324.800 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.


Aimax Bhd Business Description

Address C-01-3, Block C Plaza Glomac, No 6, Jalan SS7/19, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
Aimax Bhd, formerly known as Hong Seng Consolidated Bhd, is operating as an investment holding company. The company operates in four operating segments. The healthcare segment consists of a medical diagnostic and research laboratory and wholesale of pharmaceutical and medical goods; the Financial services include Moneylending; the Gloves segment consists of Manufacturing and trading of rubber gloves; and Seafood segment which consists of Trading of Seafood products. The majority of the revenue is derived from the healthcare segment.