Tashin Holdings Bhd (XKLS:0211) Cyclically Adjusted PB Ratio: 0.28 (As of Jul. 26, 2026) — 22% Below Median

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XKLS:0211 Tashin Holdings Bhd XKLS:0211
50 GF Score
Price RM0.20
GF Value RM0.28
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Tashin Holdings Bhd Cyclically Adjusted PB Ratio?

Tashin Holdings Bhd XKLS:0211 50 Cyclically Adjusted PB Ratio is 0.28 as of Jul. 26, 2026, which is 22% below its 10-year median of 0.36. GuruFocus rates XKLS:0211 with a GF Score™ of 50/100 and a GF Value™ of RM0.28 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 510 Steel companies, Tashin Holdings Bhd ranks better than 87.06% on this metric.

As of today (2026-07-26), Tashin Holdings Bhd's current share price is RM0.195. Tashin Holdings Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was RM0.70. Tashin Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.28.

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

XKLS:0211' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.36   Max: 0.5
Current: 0.28

During the past 11 years, Tashin Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.50. The lowest was 0.28. And the median was 0.36.

XKLS:0211's Cyclically Adjusted PB Ratio is ranked better than
87.06% of 510 companies
in the Steel industry
Industry Median: 0.925 vs XKLS:0211: 0.28

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.

Tashin Holdings Bhd's adjusted book value per share data of for the fiscal year that ended in Dec25 was RM0.782. 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 RM0.70 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tashin Holdings Bhd  (XKLS:0211) 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.


Tashin Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Tashin Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tashin Holdings 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.

Tashin Holdings Bhd Cyclically Adjusted PB Ratio Chart

Tashin Holdings 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 0.00 0.00 0.00 0.50 0.32

Tashin Holdings 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 0.00 0.00 0.00 0.32 0.00

XKLS:0211 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Tashin Holdings 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.


Tashin Holdings Bhd Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Tashin Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0211
50GF Score
Tashin Holdings Bhd XKLS:0211
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tashin Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.195/0.70
=0.28

* 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.

Tashin Holdings Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Tashin Holdings Bhd's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.782/324.0540*324.0540
=0.782

Current CPI (Dec25) = 324.0540.

Tashin Holdings Bhd Annual Data

Book Value per Share CPI Adj_Book
201612 0.332 241.432 0.446
201712 0.415 246.524 0.546
201812 0.446 251.233 0.575
201912 0.539 256.974 0.680
202012 0.566 260.474 0.704
202112 0.734 278.802 0.853
202212 0.742 296.797 0.810
202312 0.739 306.746 0.781
202412 0.772 315.605 0.793
202512 0.782 324.054 0.782

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 0.28 mean?
Tashin Holdings Bhd (XKLS:0211) has a Cyclically Adjusted PB Ratio of 0.28 as of Jul. 26, 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 Tashin Holdings Bhd and its competitors. This is 22% below median its historical median of 0.36. Over the past decade, Tashin Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.50. According to the industry distribution chart, Tashin Holdings Bhd ranks #66 out of 510 companies in the Steel industry, placing it in the top 12.9%.
Is Tashin Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Tashin Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.28 is 22% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.50. The Steel industry median Cyclically Adjusted PB Ratio is 0.93. Tashin Holdings Bhd's value of 0.28 is 69.7% below this industry median. Based on the distribution chart, Tashin Holdings Bhd ranks #66 out of 510 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tashin Holdings Bhd has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tashin Holdings Bhd's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tashin Holdings Bhd ranks #66 out of 510 companies for Cyclically Adjusted PB Ratio. This places Tashin Holdings Bhd in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.93. Tashin Holdings Bhd's value of 0.28 is 69.7% below this benchmark. Historically, Tashin Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.50 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.93, Tashin Holdings 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.93, based on 510 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. Tashin Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.28 is 69.7% 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 Tashin Holdings Bhd and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tashin Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.28, which is 22% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tashin Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tashin Holdings Bhd (XKLS:0211) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.20 — trading 30.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.28, which is 22% below median its 10-year median of 0.36 and 69.7% below the Steel industry median of 0.93. Tashin Holdings Bhd's overall GF Score™ is 50/100 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 Tashin Holdings Bhd (XKLS:0211), the current Cyclically Adjusted PB Ratio is 0.28 as of Jul. 26, 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 Tashin Holdings Bhd (XKLS:0211) Overvalued in 2026?

Based on GuruFocus' analysis, Tashin Holdings Bhd stock appears to be undervalued. The current stock price of RM0.20 is trading 30.4% below its estimated GF Value™ of RM0.28. GuruFocus considers Tashin Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0211:

  • Cyclically Adjusted PB Ratio: 0.28 (22% below median its 10-year median of 0.36)
  • GF Value™: RM0.28 vs. price of RM0.20 (30.4% below fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 69.7% below the Steel median (#66 of 510)

No single metric tells the full story. See the XKLS:0211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tashin Holdings Bhd Business Description

Address Plot 40, Lorong Perusahaan Maju 7, Kawasan Perusahaan 4, Prai, PNG, MYS, 13600
Tashin Holdings Bhd is engaged in the manufacturing and trading of steel products. The company's product portfolio includes Slit Coils, Cut to Pipe Steel Sheets, Steel Pipes, Steel Plate and Sheets, Flat and Square Bars, Expanded Metal, Checkered Plate, and C Purlin. The steel products are widely utilized and applied in various industries such as Automotive, Construction, Furniture, Electronics and Electrical, Engineering Fabrication, and Others. The Group operates predominantly in one business segment in Malaysia, which is involved in the manufacturing of steel-related products.
50GF Score

Get the complete analysis for XKLS:0211

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

RM0.20
Price
RM0.28
GF Value