Inari Amertron Bhd (XKLS:0166) Cyclically Adjusted PB Ratio: 3.68 (As of Jul. 29, 2026) — 45% Below Median

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XKLS:0166 Inari Amertron Bhd XKLS:0166
88 GF Score
Price RM2.17
GF Value RM2.27
Valuation Fairly Valued
! 7 Warning Signs
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What is Inari Amertron Bhd Cyclically Adjusted PB Ratio?

Inari Amertron Bhd XKLS:0166 -2.69% 88 Cyclically Adjusted PB Ratio is 3.68 as of Jul. 29, 2026, which is 45% below its 10-year median of 6.73. GuruFocus rates XKLS:0166 with a GF Score™ of 88/100 and a GF Value™ of RM2.27 (Fairly Valued). The stock has 7 warning signs investors should review. Among 733 Semiconductors companies, Inari Amertron Bhd ranks worse than 55.39% on this metric.

As of today (2026-07-29), Inari Amertron Bhd's current share price is RM2.17. Inari Amertron Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.59. Inari Amertron Bhd's Cyclically Adjusted PB Ratio for today is 3.68.

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

XKLS:0166' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.3   Med: 6.73   Max: 15.18
Current: 3.66

During the past years, Inari Amertron Bhd's highest Cyclically Adjusted PB Ratio was 15.18. The lowest was 2.30. And the median was 6.73.

XKLS:0166's Cyclically Adjusted PB Ratio is ranked worse than
55.39% of 733 companies
in the Semiconductors industry
Industry Median: 3.15 vs XKLS:0166: 3.66

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.

Inari Amertron Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.726. 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 RM0.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Inari Amertron Bhd  (XKLS:0166) 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.


Inari Amertron Bhd Cyclically Adjusted PB Ratio Related Terms


Inari Amertron Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Inari Amertron 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.

Inari Amertron Bhd Cyclically Adjusted PB Ratio Chart

Inari Amertron Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 7.70 6.63 7.65 3.68

Inari Amertron 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 3.82 3.68 3.68 2.94 2.18

XKLS:0166 vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Inari Amertron 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.


Inari Amertron Bhd Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


XKLS:0166
88GF Score
Inari Amertron Bhd XKLS:0166
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inari Amertron 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.17/0.59
=3.68

* 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.

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

For example, Inari Amertron 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)
=0.726/330.2130*330.2130
=0.726

Current CPI (Mar. 2026) = 330.2130.

Inari Amertron Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.238 241.018 0.326
201609 0.251 241.428 0.343
201612 0.275 241.432 0.376
201703 0.283 243.801 0.383
201706 0.293 244.955 0.395
201709 0.302 246.819 0.404
201712 0.321 246.524 0.430
201803 0.327 249.554 0.433
201806 0.338 251.989 0.443
201809 0.347 252.439 0.454
201812 0.350 251.233 0.460
201903 0.347 254.202 0.451
201906 0.352 256.143 0.454
201909 0.359 256.759 0.462
201912 0.362 256.974 0.465
202003 0.368 258.115 0.471
202006 0.371 257.797 0.475
202009 0.384 260.280 0.487
202012 0.399 260.474 0.506
202103 0.418 264.877 0.521
202106 0.410 271.696 0.498
202109 0.659 274.310 0.793
202112 0.669 278.802 0.792
202203 0.668 287.504 0.767
202206 0.676 296.311 0.753
202209 0.696 296.808 0.774
202212 0.695 296.797 0.773
202303 0.684 301.836 0.748
202306 0.697 305.109 0.754
202309 0.705 307.789 0.756
202312 0.706 306.746 0.760
202403 0.736 312.332 0.778
202406 0.740 314.175 0.778
202409 0.716 315.301 0.750
202412 0.744 315.605 0.778
202503 0.736 319.799 0.760
202506 0.729 322.561 0.746
202509 0.731 324.800 0.743
202512 0.729 324.054 0.743
202603 0.726 330.213 0.726

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 3.68 mean?
Inari Amertron Bhd (XKLS:0166) has a Cyclically Adjusted PB Ratio of 3.68 as of Jul. 29, 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 Inari Amertron Bhd and its competitors. This is 45% below median its historical median of 6.73. Over the past decade, Inari Amertron Bhd's Cyclically Adjusted PB Ratio has ranged from 2.30 to 15.18. According to the industry distribution chart, Inari Amertron Bhd ranks #406 out of 733 companies in the Semiconductors industry, placing it in the top 55.4%.
Is Inari Amertron Bhd's Cyclically Adjusted PB Ratio too high?
Inari Amertron Bhd's current Cyclically Adjusted PB Ratio of 3.68 is 45% below median its 10-year median of 6.73. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 15.18. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.15. Inari Amertron Bhd's value of 3.68 is 16.8% above this industry median. Based on the distribution chart, Inari Amertron Bhd ranks #406 out of 733 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Inari Amertron Bhd has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Inari Amertron Bhd's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Inari Amertron Bhd ranks #406 out of 733 companies for Cyclically Adjusted PB Ratio. This places Inari Amertron Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.15. Inari Amertron Bhd's value of 3.68 is 16.8% above this benchmark. Historically, Inari Amertron Bhd's own Cyclically Adjusted PB Ratio has ranged from 2.30 to 15.18 over the past decade. While the company's 10-year median is 6.73 vs. the industry median of 3.15, Inari Amertron 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 3.15, based on 733 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. Inari Amertron Bhd's current Cyclically Adjusted PB Ratio of 3.68 is 16.8% 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 Inari Amertron Bhd and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inari Amertron Bhd's current Cyclically Adjusted PB Ratio is 3.68, which is 45% below median its own 10-year median of 6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inari Amertron Bhd stock overvalued right now?
Based on GuruFocus' analysis, Inari Amertron Bhd (XKLS:0166) is currently considered Fairly Valued. The stock's GF Value™ is RM2.27, compared to a current price of RM2.17 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.68, which is 45% below median its 10-year median of 6.73 and 16.8% above the Semiconductors industry median of 3.15. Inari Amertron Bhd's overall GF Score™ is 88/100 with 7 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 Inari Amertron Bhd (XKLS:0166), the current Cyclically Adjusted PB Ratio is 3.68 as of Jul. 29, 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 Inari Amertron Bhd (XKLS:0166) Overvalued in 2026?

Based on GuruFocus' analysis, Inari Amertron Bhd stock appears to be undervalued. The current stock price of RM2.17 is trading 4.4% below its estimated GF Value™ of RM2.27. GuruFocus considers Inari Amertron Bhd to be Fairly Valued.

Key valuation signals for XKLS:0166:

  • Cyclically Adjusted PB Ratio: 3.68 (45% below median its 10-year median of 6.73)
  • GF Value™: RM2.27 vs. price of RM2.17 (4.4% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 16.8% above the Semiconductors median (#406 of 733)

No single metric tells the full story. See the XKLS:0166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inari Amertron Bhd Business Description

Address D-07-03, Plaza Kelana Jaya Jalan SS 7/13A, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
Inari Amertron Bhd is a Malaysia-based investment holding company that is principally engaged in the outsourced semiconductor assembly and test services and electronics manufacturing services industries through a number of subsidiaries. The company's business segments include Electronic manufacturing services, outsourced semiconductor assembly and test services. and an investment holding segment. The electronic manufacturing services segment contributes the majority of total revenue. The company has a business presence in Malaysia, Singapore, China, the United States, and elsewhere, with Singapore accounting for a substantial part of its total revenue.
88GF Score

Get the complete analysis for XKLS:0166

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

RM2.17
Price
RM2.27
GF Value