Vitrox Bhd (XKLS:0097) Cyclically Adjusted PB Ratio: 20.00 (As of Jul. 25, 2026) — 25% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:0097 Vitrox Corp Bhd XKLS:0097
79 GF Score
Price RM8.00
GF Value RM6.25
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Vitrox Bhd Cyclically Adjusted PB Ratio?

Vitrox Bhd XKLS:0097 +2.43% 79 Cyclically Adjusted PB Ratio is 20.00 as of Jul. 25, 2026, which is 25% above its 10-year median of 15.95. GuruFocus rates XKLS:0097 with a GF Score™ of 79/100 and a GF Value™ of RM6.25 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 735 Semiconductors companies, Vitrox Bhd ranks worse than 91.29% on this metric.

As of today (2026-07-25), Vitrox Bhd's current share price is RM8.00. Vitrox Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.40. Vitrox Bhd's Cyclically Adjusted PB Ratio for today is 20.00.

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

XKLS:0097' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.43   Med: 15.95   Max: 32.47
Current: 19.11

During the past years, Vitrox Bhd's highest Cyclically Adjusted PB Ratio was 32.47. The lowest was 7.43. And the median was 15.95.

XKLS:0097's Cyclically Adjusted PB Ratio is ranked worse than
91.29% of 735 companies
in the Semiconductors industry
Industry Median: 3.16 vs XKLS:0097: 19.11

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.

Vitrox Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.626. 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 RM0.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vitrox Bhd  (XKLS:0097) 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.


Vitrox Bhd Cyclically Adjusted PB Ratio Related Terms


Vitrox Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vitrox 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.

Vitrox Bhd Cyclically Adjusted PB Ratio Chart

Vitrox 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 26.90 16.40 12.94 12.09 10.38

Vitrox 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 8.69 9.78 10.04 10.38 10.44

XKLS:0097 vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Vitrox 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.


Vitrox Bhd Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


XKLS:0097
79GF Score
Vitrox Corp Bhd XKLS:0097
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitrox 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.00/0.40
=20.00

* 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.

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

For example, Vitrox 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)
=0.626/330.2130*330.2130
=0.626

Current CPI (Mar. 2026) = 330.2130.

Vitrox Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.124 241.018 0.170
201609 0.133 241.428 0.182
201612 0.140 241.432 0.191
201703 0.150 243.801 0.203
201706 0.156 244.955 0.210
201709 0.168 246.819 0.225
201712 0.176 246.524 0.236
201803 0.186 249.554 0.246
201806 0.194 251.989 0.254
201809 0.209 252.439 0.273
201812 0.220 251.233 0.289
201903 0.232 254.202 0.301
201906 0.235 256.143 0.303
201909 0.243 256.759 0.313
201912 0.256 256.974 0.329
202003 0.267 258.115 0.342
202006 0.272 257.797 0.348
202009 0.289 260.280 0.367
202012 0.301 260.474 0.382
202103 0.318 264.877 0.396
202106 0.335 271.696 0.407
202109 0.358 274.310 0.431
202112 0.377 278.802 0.447
202203 0.403 287.504 0.463
202206 0.415 296.311 0.462
202209 0.443 296.808 0.493
202212 0.463 296.797 0.515
202303 0.481 301.836 0.526
202306 0.481 305.109 0.521
202309 0.500 307.789 0.536
202312 0.507 306.746 0.546
202403 0.517 312.332 0.547
202406 0.521 314.175 0.548
202409 0.532 315.301 0.557
202412 0.540 315.605 0.565
202503 0.553 319.799 0.571
202506 0.561 322.561 0.574
202509 0.580 324.800 0.590
202512 0.598 324.054 0.609
202603 0.626 330.213 0.626

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 20.00 mean?
Vitrox Bhd (XKLS:0097) has a Cyclically Adjusted PB Ratio of 20.00 as of Jul. 25, 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 Vitrox Bhd and its competitors. This is 25% above median its historical median of 15.95. Over the past decade, Vitrox Bhd's Cyclically Adjusted PB Ratio has ranged from 7.43 to 32.47. According to the industry distribution chart, Vitrox Bhd ranks #671 out of 735 companies in the Semiconductors industry, placing it in the top 91.3%.
Is Vitrox Bhd's Cyclically Adjusted PB Ratio too high?
Vitrox Bhd's current Cyclically Adjusted PB Ratio of 20.00 is 25% above median its 10-year median of 15.95. Over the past 10 years, this metric has ranged from a low of 7.43 to a high of 32.47. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.16. Vitrox Bhd's value of 20.00 is 532.9% above this industry median. Based on the distribution chart, Vitrox Bhd ranks #671 out of 735 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Vitrox Bhd has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vitrox Bhd's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Vitrox Bhd ranks #671 out of 735 companies for Cyclically Adjusted PB Ratio. This places Vitrox Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.16. Vitrox Bhd's value of 20.00 is 532.9% above this benchmark. Historically, Vitrox Bhd's own Cyclically Adjusted PB Ratio has ranged from 7.43 to 32.47 over the past decade. While the company's 10-year median is 15.95 vs. the industry median of 3.16, Vitrox Bhd has consistently been above 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.16, based on 735 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. Vitrox Bhd's current Cyclically Adjusted PB Ratio of 20.00 is 532.9% above 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 Vitrox Bhd and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitrox Bhd's current Cyclically Adjusted PB Ratio is 20.00, which is 25% above median its own 10-year median of 15.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitrox Bhd stock overvalued right now?
Based on GuruFocus' analysis, Vitrox Bhd (XKLS:0097) is currently considered Modestly Overvalued. The stock's GF Value™ is RM6.25, compared to a current price of RM8.00 — trading 28% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 20.00, which is 25% above median its 10-year median of 15.95 and 532.9% above the Semiconductors industry median of 3.16. Vitrox Bhd's overall GF Score™ is 79/100 with 6 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 Vitrox Bhd (XKLS:0097), the current Cyclically Adjusted PB Ratio is 20.00 as of Jul. 25, 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 Vitrox Bhd (XKLS:0097) Overvalued in 2026?

Based on GuruFocus' analysis, Vitrox Bhd stock appears to be overvalued. The current stock price of RM8.00 is trading 28% above its estimated GF Value™ of RM6.25. GuruFocus considers Vitrox Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:0097:

  • Cyclically Adjusted PB Ratio: 20.00 (25% above median its 10-year median of 15.95)
  • GF Value™: RM6.25 vs. price of RM8.00 (28% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 532.9% above the Semiconductors median (#671 of 735)

No single metric tells the full story. See the XKLS:0097 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vitrox Bhd Business Description

Address 746, Persiaran Cassia Selatan 3, Batu Kawan Industrial Park, Bandar Cassia, PNG, MYS, 14110
Vitrox Corp Bhd is principally engaged in the design, development, and production of automated vision inspection systems, digital automated vision inspection equipment, and modules, as well as printed circuit board assemblies for microprocessor applications. The company is geographically divided into segments such as China, Mexico, Malaysia, the USA, Taiwan, and others. It derives maximum revenue from China.
79GF Score

Get the complete analysis for XKLS:0097

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

RM8.00
Price
RM6.25
GF Value