Optimax Holdings Bhd (XKLS:0222) Cyclically Adjusted PB Ratio: 5.78 (As of Aug. 01, 2026) — 10% 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:0222 Optimax Holdings Bhd XKLS:0222
69 GF Score
Price RM0.52
GF Value RM0.77
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Optimax Holdings Bhd Cyclically Adjusted PB Ratio?

Optimax Holdings Bhd XKLS:0222 -0.95% 69 Cyclically Adjusted PB Ratio is 5.78 as of Aug. 01, 2026, which is 10% below its 10-year median of 6.39. GuruFocus rates XKLS:0222 with a GF Score™ of 69/100 and a GF Value™ of RM0.77 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Optimax Holdings Bhd ranks worse than 84.83% on this metric.

As of today (2026-08-01), Optimax Holdings Bhd's current share price is RM0.52. Optimax Holdings Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was RM0.09. Optimax Holdings Bhd's Cyclically Adjusted PB Ratio for today is 5.78.

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

XKLS:0222' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.78   Med: 6.39   Max: 6.83
Current: 5.78

During the past 10 years, Optimax Holdings Bhd's highest Cyclically Adjusted PB Ratio was 6.83. The lowest was 5.78. And the median was 6.39.

XKLS:0222's Cyclically Adjusted PB Ratio is ranked worse than
84.83% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.84 vs XKLS:0222: 5.78

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.

Optimax Holdings Bhd's adjusted book value per share data of for the fiscal year that ended in Dec25 was RM0.136. 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 RM0.09 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Optimax Holdings Bhd  (XKLS:0222) 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.


Optimax Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Optimax Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Optimax 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.

Optimax Holdings Bhd Cyclically Adjusted PB Ratio Chart

Optimax 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 0.00 6.33

Optimax 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 6.33 0.00

XKLS:0222 vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Optimax 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.


Optimax Holdings Bhd Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optimax Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:0222
69GF Score
Optimax Holdings Bhd XKLS:0222
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Optimax 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.52/0.09
=5.78

* 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.

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

For example, Optimax 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)
=0.136/324.0540*324.0540
=0.136

Current CPI (Dec25) = 324.0540.

Optimax Holdings Bhd Annual Data

Book Value per Share CPI Adj_Book
201612 0.023 241.432 0.031
201712 0.030 246.524 0.039
201812 0.039 251.233 0.050
201912 0.042 256.974 0.053
202012 0.089 260.474 0.111
202112 0.102 278.802 0.119
202212 0.108 296.797 0.118
202312 0.116 306.746 0.123
202412 0.125 315.605 0.128
202512 0.136 324.054 0.136

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 5.78 mean?
Optimax Holdings Bhd (XKLS:0222) has a Cyclically Adjusted PB Ratio of 5.78 as of Aug. 01, 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 Optimax Holdings Bhd and its competitors. This is 10% below median its historical median of 6.39. Over the past decade, Optimax Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 5.78 to 6.83. According to the industry distribution chart, Optimax Holdings Bhd ranks #302 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 84.8%.
Is Optimax Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Optimax Holdings Bhd's current Cyclically Adjusted PB Ratio of 5.78 is 10% below median its 10-year median of 6.39. Over the past 10 years, this metric has ranged from a low of 5.78 to a high of 6.83. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.84. Optimax Holdings Bhd's value of 5.78 is 214.1% above this industry median. Based on the distribution chart, Optimax Holdings Bhd ranks #302 out of 356 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Optimax Holdings Bhd has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Optimax Holdings Bhd's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Optimax Holdings Bhd ranks #302 out of 356 companies for Cyclically Adjusted PB Ratio. This places Optimax Holdings Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.84. Optimax Holdings Bhd's value of 5.78 is 214.1% above this benchmark. Historically, Optimax Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 5.78 to 6.83 over the past decade. While the company's 10-year median is 6.39 vs. the industry median of 1.84, Optimax Holdings 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.84, based on 356 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. Optimax Holdings Bhd's current Cyclically Adjusted PB Ratio of 5.78 is 214.1% 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 Optimax Holdings Bhd and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optimax Holdings Bhd's current Cyclically Adjusted PB Ratio is 5.78, which is 10% below median its own 10-year median of 6.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optimax Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Optimax Holdings Bhd (XKLS:0222) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.77, compared to a current price of RM0.52 — trading 32.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.78, which is 10% below median its 10-year median of 6.39 and 214.1% above the Healthcare Providers & Services industry median of 1.84. Optimax Holdings Bhd's overall GF Score™ is 69/100 with 2 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 Optimax Holdings Bhd (XKLS:0222), the current Cyclically Adjusted PB Ratio is 5.78 as of Aug. 01, 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 Optimax Holdings Bhd (XKLS:0222) Overvalued in 2026?

Based on GuruFocus' analysis, Optimax Holdings Bhd stock appears to be undervalued. The current stock price of RM0.52 is trading 32.5% below its estimated GF Value™ of RM0.77. GuruFocus considers Optimax Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0222:

  • Cyclically Adjusted PB Ratio: 5.78 (10% below median its 10-year median of 6.39)
  • GF Value™: RM0.77 vs. price of RM0.52 (32.5% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 214.1% above the Healthcare Providers & Services median (#302 of 356)

No single metric tells the full story. See the XKLS:0222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Optimax Holdings Bhd Business Description

Address No. 145, Jalan Radin Bagus, 1st and 2nd Floor, Seri Petaling, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000
Optimax Holdings Bhd is a provider of eye specialist services. The company offers a range of services with in-house medical ophthalmology at specialist centres such as specialist clinics, ambulatory care centres, satellite clinics, and specialist hospitals. The company's ambulatory care centres and specialist hospital are equipped with eye operation theatres, and procedure rooms, general and day care wards, and relevant equipment for surgical procedures. It derives revenue from refractive surgery, treatment of eye diseases and disorders, consultation and dispensary services, oculoplastic surgery, plastic Surgery and aesthetic Services and related services. The company operates in geographical segments such as: North Malaysia, Central Malaysia, South Malaysia, East Malaysia and Cambodia.
69GF Score

Get the complete analysis for XKLS:0222

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

RM0.52
Price
RM0.77
GF Value