Spring Art Holdings Bhd (XKLS:0216) Cyclically Adjusted PB Ratio: 0.50 (As of Jul. 23, 2026) — 50% Below Median

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What is Spring Art Holdings Bhd Cyclically Adjusted PB Ratio?

Spring Art Holdings Bhd XKLS:0216 Cyclically Adjusted PB Ratio is 0.50 as of Jul. 23, 2026, which is 50% below its 10-year median of 1.00. The stock has 3 warning signs investors should review. Among 338 Furnishings, Fixtures & Appliances companies, Spring Art Holdings Bhd ranks better than 74.26% on this metric.

As of today (2026-07-23), Spring Art Holdings Bhd's current share price is RM0.09. Spring Art Holdings Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was RM0.18. Spring Art Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.50.

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

XKLS:0216' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1   Max: 1.19
Current: 0.54

During the past 11 years, Spring Art Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.54. And the median was 1.00.

XKLS:0216's Cyclically Adjusted PB Ratio is ranked better than
74.26% of 338 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.2 vs XKLS:0216: 0.54

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.

Spring Art Holdings Bhd's adjusted book value per share data of for the fiscal year that ended in Dec25 was RM0.217. 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 RM0.18 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spring Art Holdings Bhd  (XKLS:0216) 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.


Spring Art Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Spring Art Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spring Art 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.

Spring Art Holdings Bhd Cyclically Adjusted PB Ratio Chart

Spring Art 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 1.21 0.65

Spring Art 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 0.65 0.00

XKLS:0216 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Spring Art 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.


Spring Art Holdings Bhd Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Spring Art Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Spring Art 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.09/0.18
=0.50

* 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.

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

For example, Spring Art 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)
=0.217/324.0540*324.0540
=0.217

Current CPI (Dec25) = 324.0540.

Spring Art Holdings Bhd Annual Data

Book Value per Share CPI Adj_Book
201612 0.046 241.432 0.062
201712 0.064 246.524 0.084
201812 0.087 251.233 0.112
201912 0.154 256.974 0.194
202012 0.177 260.474 0.220
202112 0.187 278.802 0.217
202212 0.193 296.797 0.211
202312 0.208 306.746 0.220
202412 0.226 315.605 0.232
202512 0.217 324.054 0.217

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 0.50 mean?
Spring Art Holdings Bhd (XKLS:0216) has a Cyclically Adjusted PB Ratio of 0.50 as of Jul. 23, 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 Spring Art Holdings Bhd and its competitors. This is 50% below median its historical median of 1.00. Over the past decade, Spring Art Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.19. According to the industry distribution chart, Spring Art Holdings Bhd ranks #87 out of 338 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 25.7%.
Is Spring Art Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Spring Art Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.50 is 50% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.19. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Spring Art Holdings Bhd's value of 0.50 is 58.3% below this industry median. Based on the distribution chart, Spring Art Holdings Bhd ranks #87 out of 338 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint.
How does Spring Art Holdings Bhd's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Spring Art Holdings Bhd ranks #87 out of 338 companies for Cyclically Adjusted PB Ratio. This puts Spring Art Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Spring Art Holdings Bhd's value of 0.50 is 58.3% below this benchmark. Historically, Spring Art Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.19 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.20, Spring Art 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 338 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. Spring Art Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.50 is 58.3% 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 Spring Art Holdings Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spring Art Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.50, which is 50% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Art Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Spring Art Holdings Bhd (XKLS:0216) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.16, compared to a current price of RM0.09 — trading 43.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 50% below median its 10-year median of 1.00 and 58.3% below the Furnishings, Fixtures & Appliances industry median of 1.20. 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 Spring Art Holdings Bhd (XKLS:0216), the current Cyclically Adjusted PB Ratio is 0.50 as of Jul. 23, 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.

Spring Art Holdings Bhd Business Description

Address Kawasan Perindustrian Bukit Pasir, Lot PLO 49, Jalan Rami 4, Bukit Pasir, Muar, JHR, MYS, 84300
Spring Art Holdings Bhd is involved in the manufacturing of ready-to-assemble furniture products, where it undertakes the design and development, manufacturing as well as marketing and sales of office furniture such as office workstations, filing cabinets and pedestals, bedroom furniture such as beds, night stands, wardrobes, dressing tables, dressing stools and study desks, living room furniture such as computer desks, television consoles, sideboards, shoe cabinets, bookshelves and drawer chests as well as other types of furniture such as dining tables and kitchen cabinets. The group has only one business segment, namely the design, development, manufacturing, marketing and sales of furniture products.