N2N Connect Bhd (XKLS:0108) Cyclically Adjusted PB Ratio: 0.56 (As of Aug. 30, 2026) — 45% Below Median

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XKLS:0108 N2N Connect Bhd XKLS:0108
37 GF Score
Price RM0.31
GF Value RM0.35
Valuation Modestly Undervalued
! 5 Warning Signs
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What is N2N Connect Bhd Cyclically Adjusted PB Ratio?

N2N Connect Bhd XKLS:0108 -6.06% 37 Cyclically Adjusted PB Ratio is 0.56 as of Aug. 30, 2026, which is 45% below its 10-year median of 1.02. GuruFocus rates XKLS:0108 with a GF Score™ of 37/100 and a GF Value™ of RM0.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,471 Software companies, N2N Connect Bhd ranks better than 86.4% on this metric.

As of today (2026-08-30), N2N Connect Bhd's current share price is RM0.31. N2N Connect Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM0.55. N2N Connect Bhd's Cyclically Adjusted PB Ratio for today is 0.56.

The historical rank and industry rank for N2N Connect Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:0108' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.02   Max: 2.53
Current: 0.56

During the past years, N2N Connect Bhd's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 0.55. And the median was 1.02.

XKLS:0108's Cyclically Adjusted PB Ratio is ranked better than
86.4% of 1471 companies
in the Software industry
Industry Median: 2.39 vs XKLS:0108: 0.56

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.

N2N Connect Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM0.443. 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 RM0.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


N2N Connect Bhd  (XKLS:0108) 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.


N2N Connect Bhd Cyclically Adjusted PB Ratio Related Terms


N2N Connect Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for N2N Connect 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.

N2N Connect Bhd Cyclically Adjusted PB Ratio Chart

N2N Connect 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 1.50 1.01 1.00 0.85 0.66

N2N Connect Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 0.77 0.70 0.66 0.58 0.56

XKLS:0108 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, N2N Connect 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.


N2N Connect Bhd Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, N2N Connect Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where N2N Connect Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:0108
37GF Score
N2N Connect Bhd XKLS:0108
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

N2N Connect 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.

N2N Connect Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.31/0.55
=0.56

* 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.

N2N Connect Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, N2N Connect 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)
=0.443/333.9520*333.9520
=0.443

Current CPI (Jun. 2026) = 333.9520.

N2N Connect Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.373 241.428 0.516
201612 0.379 241.432 0.524
201703 0.387 243.801 0.530
201706 0.400 244.955 0.545
201709 0.398 246.819 0.539
201712 0.403 246.524 0.546
201803 0.384 249.554 0.514
201806 0.455 251.989 0.603
201809 0.459 252.439 0.607
201812 0.443 251.233 0.589
201903 0.451 254.202 0.592
201906 0.448 256.143 0.584
201909 0.459 256.759 0.597
201912 0.459 256.974 0.596
202003 0.474 258.115 0.613
202006 0.465 257.797 0.602
202009 0.477 260.280 0.612
202012 0.472 260.474 0.605
202103 0.490 264.877 0.618
202106 0.471 271.696 0.579
202109 0.476 274.310 0.579
202112 0.479 278.802 0.574
202203 0.486 287.504 0.565
202206 0.490 296.311 0.552
202209 0.504 296.808 0.567
202212 0.510 296.797 0.574
202303 0.506 301.836 0.560
202306 0.522 305.109 0.571
202309 0.524 307.789 0.569
202312 0.526 306.746 0.573
202403 0.529 312.332 0.566
202406 0.535 314.175 0.569
202409 0.431 315.301 0.456
202412 0.452 315.605 0.478
202503 0.457 319.799 0.477
202506 0.439 322.561 0.455
202509 0.447 324.800 0.460
202512 0.443 324.054 0.457
202603 0.454 330.213 0.459
202606 0.443 333.952 0.443

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 0.56 mean?
N2N Connect Bhd (XKLS:0108) has a Cyclically Adjusted PB Ratio of 0.56 as of Aug. 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 N2N Connect Bhd and its competitors. This is 45% below median its historical median of 1.02. Over the past decade, N2N Connect Bhd's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.53. According to the industry distribution chart, N2N Connect Bhd ranks #200 out of 1471 companies in the Software industry, placing it in the top 13.6%.
Is N2N Connect Bhd's Cyclically Adjusted PB Ratio too high?
N2N Connect Bhd's current Cyclically Adjusted PB Ratio of 0.56 is 45% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.53. The Software industry median Cyclically Adjusted PB Ratio is 2.39. N2N Connect Bhd's value of 0.56 is 76.6% below this industry median. Based on the distribution chart, N2N Connect Bhd ranks #200 out of 1471 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, N2N Connect Bhd has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does N2N Connect Bhd's Cyclically Adjusted PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, N2N Connect Bhd ranks #200 out of 1471 companies for Cyclically Adjusted PB Ratio. This places N2N Connect Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.39. N2N Connect Bhd's value of 0.56 is 76.6% below this benchmark. Historically, N2N Connect Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.53 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 2.39, N2N Connect 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 2.39, based on 1,471 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. N2N Connect Bhd's current Cyclically Adjusted PB Ratio of 0.56 is 76.6% 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 N2N Connect Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N2N Connect Bhd's current Cyclically Adjusted PB Ratio is 0.56, which is 45% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N2N Connect Bhd stock overvalued right now?
Based on GuruFocus' analysis, N2N Connect Bhd (XKLS:0108) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.35, compared to a current price of RM0.31 — trading 11.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 45% below median its 10-year median of 1.02 and 76.6% below the Software industry median of 2.39. N2N Connect Bhd's overall GF Score™ is 37/100 with 5 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 N2N Connect Bhd (XKLS:0108), the current Cyclically Adjusted PB Ratio is 0.56 as of Aug. 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 N2N Connect Bhd (XKLS:0108) Overvalued in 2026?

Based on GuruFocus' analysis, N2N Connect Bhd stock appears to be undervalued. The current stock price of RM0.31 is trading 11.4% below its estimated GF Value™ of RM0.35. GuruFocus considers N2N Connect Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0108:

  • Cyclically Adjusted PB Ratio: 0.56 (45% below median its 10-year median of 1.02)
  • GF Value™: RM0.35 vs. price of RM0.31 (11.4% below fair value)
  • GF Score™: 37/100 with 5 warning signs
  • Industry Position: 76.6% below the Software median (#200 of 1471)

No single metric tells the full story. See the XKLS:0108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


N2N Connect Bhd Business Description

Address Avenue 3 Bangsar South No.8, Jalan Kerinchi, Wisma N2N, Level 9, Tower 2, Kuala Lumpur, MYS, 59200
N2N Connect Bhd is an investment holding company. It is engaged in the research and development of software packages, provider of design, programming, consultancy services and related activities. Its products include TCProGlobal, TCPlus, TCMobile, and TCBOS and services range from online trading portals within the stockbroking industry, hosting and managing network services, to wealth and risk management solutions. It operates in Malaysia, Hong Kong, and other countries and generates the majority of the revenue from Hong Kong.
37GF Score

Get the complete analysis for XKLS:0108

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

RM0.31
Price
RM0.35
GF Value