NCT Alliance Bhd (XKLS:0056) Cyclically Adjusted PB Ratio: 1.60 (As of Jul. 30, 2026) — 17% Above Median

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XKLS:0056 NCT Alliance Bhd XKLS:0056
45 GF Score
Price RM0.58
GF Value RM0.39
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is NCT Alliance Bhd Cyclically Adjusted PB Ratio?

NCT Alliance Bhd XKLS:0056 +4.55% 45 Cyclically Adjusted PB Ratio is 1.60 as of Jul. 30, 2026, which is 17% above its 10-year median of 1.37. GuruFocus rates XKLS:0056 with a GF Score™ of 45/100 and a GF Value™ of RM0.39 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,583 Software companies, NCT Alliance Bhd ranks better than 62.86% on this metric.

As of today (2026-07-30), NCT Alliance Bhd's current share price is RM0.575. NCT Alliance Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.36. NCT Alliance Bhd's Cyclically Adjusted PB Ratio for today is 1.60.

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

XKLS:0056' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.37   Max: 2.6
Current: 1.54

During the past years, NCT Alliance Bhd's highest Cyclically Adjusted PB Ratio was 2.60. The lowest was 0.95. And the median was 1.37.

XKLS:0056's Cyclically Adjusted PB Ratio is ranked better than
62.86% of 1583 companies
in the Software industry
Industry Median: 2.25 vs XKLS:0056: 1.54

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.

NCT Alliance Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.106. 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 RM0.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCT Alliance Bhd  (XKLS:0056) 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.


NCT Alliance Bhd Cyclically Adjusted PB Ratio Related Terms


NCT Alliance Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NCT Alliance 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.

NCT Alliance Bhd Cyclically Adjusted PB Ratio Chart

NCT Alliance 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 1.82 1.01 0.99 1.47 1.73

NCT Alliance 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 1.38 1.36 1.34 1.73 1.57

XKLS:0056 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, NCT Alliance 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.


NCT Alliance Bhd Cyclically Adjusted PB Ratio vs Software Industry

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

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


XKLS:0056
45GF Score
NCT Alliance Bhd XKLS:0056
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCT Alliance 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.575/0.36
=1.60

* 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.

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

For example, NCT Alliance 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)
=0.106/330.2130*330.2130
=0.106

Current CPI (Mar. 2026) = 330.2130.

NCT Alliance Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.246 241.018 0.337
201609 0.224 241.428 0.306
201612 0.223 241.432 0.305
201703 0.224 243.801 0.303
201706 0.234 244.955 0.315
201709 0.238 246.819 0.318
201712 0.242 246.524 0.324
201803 0.251 249.554 0.332
201806 0.254 251.989 0.333
201809 0.252 252.439 0.330
201812 0.196 251.233 0.258
201903 0.240 254.202 0.312
201906 0.242 256.143 0.312
201909 0.236 256.759 0.304
201912 0.198 256.974 0.254
202003 0.199 258.115 0.255
202006 0.189 257.797 0.242
202009 0.202 260.280 0.256
202012 0.211 260.474 0.267
202103 0.234 264.877 0.292
202106 0.334 271.696 0.406
202109 0.500 274.310 0.602
202112 0.493 278.802 0.584
202203 0.455 287.504 0.523
202206 0.426 296.311 0.475
202209 0.437 296.808 0.486
202212 0.436 296.797 0.485
202303 0.407 301.836 0.445
202306 0.379 305.109 0.410
202309 0.377 307.789 0.404
202312 0.404 306.746 0.435
202403 0.397 312.332 0.420
202406 0.376 314.175 0.395
202409 0.401 315.301 0.420
202412 0.347 315.605 0.363
202503 0.397 319.799 0.410
202506 0.400 322.561 0.409
202509 0.374 324.800 0.380
202512 0.382 324.054 0.389
202603 0.106 330.213 0.106

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 1.60 mean?
NCT Alliance Bhd (XKLS:0056) has a Cyclically Adjusted PB Ratio of 1.60 as of Jul. 30, 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 NCT Alliance Bhd and its competitors. This is 17% above median its historical median of 1.37. Over the past decade, NCT Alliance Bhd's Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.60. According to the industry distribution chart, NCT Alliance Bhd ranks #588 out of 1583 companies in the Software industry, placing it in the top 37.1%.
Is NCT Alliance Bhd's Cyclically Adjusted PB Ratio too high?
NCT Alliance Bhd's current Cyclically Adjusted PB Ratio of 1.60 is 17% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.60. The Software industry median Cyclically Adjusted PB Ratio is 2.25. NCT Alliance Bhd's value of 1.60 is 28.9% below this industry median. Based on the distribution chart, NCT Alliance Bhd ranks #588 out of 1583 companies in the Software industry, which is above the industry midpoint. Overall, NCT Alliance Bhd has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCT Alliance Bhd's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, NCT Alliance Bhd ranks #588 out of 1583 companies for Cyclically Adjusted PB Ratio. This puts NCT Alliance Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. NCT Alliance Bhd's value of 1.60 is 28.9% below this benchmark. Historically, NCT Alliance Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.60 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 2.25, NCT Alliance 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 2.25, based on 1,583 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. NCT Alliance Bhd's current Cyclically Adjusted PB Ratio of 1.60 is 28.9% 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 NCT Alliance Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCT Alliance Bhd's current Cyclically Adjusted PB Ratio is 1.60, which is 17% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCT Alliance Bhd stock overvalued right now?
Based on GuruFocus' analysis, NCT Alliance Bhd (XKLS:0056) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.39, compared to a current price of RM0.58 — trading 47.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 17% above median its 10-year median of 1.37 and 28.9% below the Software industry median of 2.25. NCT Alliance Bhd's overall GF Score™ is 45/100 with 9 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 NCT Alliance Bhd (XKLS:0056), the current Cyclically Adjusted PB Ratio is 1.60 as of Jul. 30, 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 NCT Alliance Bhd (XKLS:0056) Overvalued in 2026?

Based on GuruFocus' analysis, NCT Alliance Bhd stock appears to be overvalued. The current stock price of RM0.58 is trading 47.4% above its estimated GF Value™ of RM0.39. GuruFocus considers NCT Alliance Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0056:

  • Cyclically Adjusted PB Ratio: 1.60 (17% above median its 10-year median of 1.37)
  • GF Value™: RM0.39 vs. price of RM0.58 (47.4% above fair value)
  • GF Score™: 45/100 with 9 warning signs
  • Industry Position: 28.9% below the Software median (#588 of 1583)

No single metric tells the full story. See the XKLS:0056 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NCT Alliance Bhd Business Description

Address No. 2, Jalan BP 4/9, Menara NCT, Bandar Bukit Puchong, Puchong, SGR, MYS, 47100
NCT Alliance Bhd, formerly Grand-Flo Bhd is an investment holding company, engaged in the provision of Property development and investment holding. The business activity of the firm is operated through two operating segments namely, Investment holding- Investment holding and project management activities and Property development- Property development activities and sales of completed units. Geographically, the company operates in single segment that is Malaysia.
45GF Score

Get the complete analysis for XKLS:0056

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

RM0.58
Price
RM0.39
GF Value