MTAG Group Bhd (XKLS:0213) Cyclically Adjusted PB Ratio: 0.94 (As of Jul. 24, 2026) — 23% Below 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:0213 MTAG Group Bhd XKLS:0213
48 GF Score
Price RM0.24
GF Value RM0.19
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is MTAG Group Bhd Cyclically Adjusted PB Ratio?

MTAG Group Bhd XKLS:0213 +6.82% 48 Cyclically Adjusted PB Ratio is 0.94 as of Jul. 24, 2026, which is 23% below its 10-year median of 1.22. GuruFocus rates XKLS:0213 with a GF Score™ of 48/100 and a GF Value™ of RM0.19 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 729 Business Services companies, MTAG Group Bhd ranks better than 71.06% on this metric.

As of today (2026-07-24), MTAG Group Bhd's current share price is RM0.235. MTAG Group Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was RM0.25. MTAG Group Bhd's Cyclically Adjusted PB Ratio for today is 0.94.

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

XKLS:0213' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.22   Max: 1.38
Current: 0.87

During the past 10 years, MTAG Group Bhd's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.87. And the median was 1.22.

XKLS:0213's Cyclically Adjusted PB Ratio is ranked better than
71.06% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs XKLS:0213: 0.87

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.

MTAG Group Bhd's adjusted book value per share data of for the fiscal year that ended in Jun25 was RM0.321. 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 RM0.25 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


MTAG Group Bhd  (XKLS:0213) 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.


MTAG Group Bhd Cyclically Adjusted PB Ratio Related Terms


MTAG Group Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MTAG Group 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.

MTAG Group Bhd Cyclically Adjusted PB Ratio Chart

MTAG Group 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 0.00 0.00 0.00 0.00 1.28

MTAG Group 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 1.28 0.00 0.00 0.00

XKLS:0213 vs CTAS, CPRT, ULS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, MTAG Group 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.


MTAG Group Bhd Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, MTAG Group Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0213
48GF Score
MTAG Group Bhd XKLS:0213
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTAG Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.235/0.25
=0.94

* 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.

MTAG Group Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, MTAG Group Bhd's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.321/322.5610*322.5610
=0.321

Current CPI (Jun25) = 322.5610.

MTAG Group Bhd Annual Data

Book Value per Share CPI Adj_Book
201606 0.056 241.018 0.075
201706 0.085 244.955 0.112
201806 0.112 251.989 0.143
201906 0.183 256.143 0.230
202006 0.264 257.797 0.330
202106 0.283 271.696 0.336
202206 0.297 296.311 0.323
202306 0.313 305.109 0.331
202406 0.323 314.175 0.332
202506 0.321 322.561 0.321

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 0.94 mean?
MTAG Group Bhd (XKLS:0213) has a Cyclically Adjusted PB Ratio of 0.94 as of Jul. 24, 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 MTAG Group Bhd and its competitors. This is 23% below median its historical median of 1.22. Over the past decade, MTAG Group Bhd's Cyclically Adjusted PB Ratio has ranged from 0.87 to 1.38. According to the industry distribution chart, MTAG Group Bhd ranks #211 out of 729 companies in the Business Services industry, placing it in the top 28.9%.
Is MTAG Group Bhd's Cyclically Adjusted PB Ratio too high?
MTAG Group Bhd's current Cyclically Adjusted PB Ratio of 0.94 is 23% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.38. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. MTAG Group Bhd's value of 0.94 is 39.7% below this industry median. Based on the distribution chart, MTAG Group Bhd ranks #211 out of 729 companies in the Business Services industry, which is above the industry midpoint. Overall, MTAG Group Bhd has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTAG Group Bhd's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, MTAG Group Bhd ranks #211 out of 729 companies for Cyclically Adjusted PB Ratio. This puts MTAG Group Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. MTAG Group Bhd's value of 0.94 is 39.7% below this benchmark. Historically, MTAG Group Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 1.38 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.56, MTAG Group 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 729 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. MTAG Group Bhd's current Cyclically Adjusted PB Ratio of 0.94 is 39.7% 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 MTAG Group Bhd and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTAG Group Bhd's current Cyclically Adjusted PB Ratio is 0.94, which is 23% below median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTAG Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, MTAG Group Bhd (XKLS:0213) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.24 — trading 23.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.94, which is 23% below median its 10-year median of 1.22 and 39.7% below the Business Services industry median of 1.56. MTAG Group Bhd's overall GF Score™ is 48/100 with 4 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 MTAG Group Bhd (XKLS:0213), the current Cyclically Adjusted PB Ratio is 0.94 as of Jul. 24, 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 MTAG Group Bhd (XKLS:0213) Overvalued in 2026?

Based on GuruFocus' analysis, MTAG Group Bhd stock appears to be overvalued. The current stock price of RM0.24 is trading 23.7% above its estimated GF Value™ of RM0.19. GuruFocus considers MTAG Group Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:0213:

  • Cyclically Adjusted PB Ratio: 0.94 (23% below median its 10-year median of 1.22)
  • GF Value™: RM0.19 vs. price of RM0.24 (23.7% above fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 39.7% below the Business Services median (#211 of 729)

No single metric tells the full story. See the XKLS:0213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MTAG Group Bhd Business Description

Address Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100
MTAG Group Bhd is a converter company providing the services of label and sticker printing and customized converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia. It derives maximum revenue from Converting Segment. The products of the company include Toyo Sho, Intag Industrial and Intag Steel.
48GF Score

Get the complete analysis for XKLS:0213

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

RM0.24
Price
RM0.19
GF Value