Topvision Eye Specialist Bhd (XKLS:0332) Cyclically Adjusted PB Ratio: 1.60 (As of Jul. 29, 2026) — 25% 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:0332 Topvision Eye Specialist Bhd XKLS:0332
52 GF Score
Price RM0.16
GF Value RM0.69
Valuation Significantly Undervalued
! 8 Warning Signs
View Full Analysis

What is Topvision Eye Specialist Bhd Cyclically Adjusted PB Ratio?

Topvision Eye Specialist Bhd XKLS:0332 -3.03% 52 Cyclically Adjusted PB Ratio is 1.60 as of Jul. 29, 2026, which is 25% below its 10-year median of 2.12. GuruFocus rates XKLS:0332 with a GF Score™ of 52/100 and a GF Value™ of RM0.69 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Topvision Eye Specialist Bhd ranks better than 58.71% on this metric.

As of today (2026-07-29), Topvision Eye Specialist Bhd's current share price is RM0.16. Topvision Eye Specialist Bhd's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was RM0.10. Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio for today is 1.60.

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

XKLS:0332' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.12   Max: 3.39
Current: 1.57

During the past 11 years, Topvision Eye Specialist Bhd's highest Cyclically Adjusted PB Ratio was 3.39. The lowest was 1.50. And the median was 2.12.

XKLS:0332's Cyclically Adjusted PB Ratio is ranked better than
58.71% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.845 vs XKLS:0332: 1.57

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.

Topvision Eye Specialist Bhd's adjusted book value per share data of for the fiscal year that ended in Dec25 was RM0.138. 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 RM0.10 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Topvision Eye Specialist Bhd  (XKLS:0332) 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.


Topvision Eye Specialist Bhd Cyclically Adjusted PB Ratio Related Terms


Topvision Eye Specialist Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Topvision Eye Specialist 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.

Topvision Eye Specialist Bhd Cyclically Adjusted PB Ratio Chart

Topvision Eye Specialist 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 3.45 1.72

Topvision Eye Specialist Bhd Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 1.72 0.00

XKLS:0332 vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Topvision Eye Specialist 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.


Topvision Eye Specialist Bhd Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:0332
52GF Score
Topvision Eye Specialist Bhd XKLS:0332
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Topvision Eye Specialist 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.

Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.16/0.10
=1.60

* 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.

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

For example, Topvision Eye Specialist 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)
=0.138/324.0540*324.0540
=0.138

Current CPI (Dec25) = 324.0540.

Topvision Eye Specialist Bhd Annual Data

Book Value per Share CPI Adj_Book
201612 0.011 241.432 0.015
201712 0.069 246.524 0.091
201812 0.073 251.233 0.094
201912 0.074 256.974 0.093
202012 0.074 260.474 0.092
202112 0.091 278.802 0.106
202212 0.104 296.797 0.114
202312 0.115 306.746 0.121
202412 0.152 315.605 0.156
202512 0.138 324.054 0.138

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 1.60 mean?
Topvision Eye Specialist Bhd (XKLS:0332) has a Cyclically Adjusted PB Ratio of 1.60 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 Topvision Eye Specialist Bhd and its competitors. This is 25% below median its historical median of 2.12. Over the past decade, Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio has ranged from 1.50 to 3.39. According to the industry distribution chart, Topvision Eye Specialist Bhd ranks #147 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 41.3%.
Is Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio too high?
Topvision Eye Specialist Bhd's current Cyclically Adjusted PB Ratio of 1.60 is 25% below median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 3.39. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Topvision Eye Specialist Bhd's value of 1.60 is 13.3% below this industry median. Based on the distribution chart, Topvision Eye Specialist Bhd ranks #147 out of 356 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Topvision Eye Specialist Bhd has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Topvision Eye Specialist Bhd's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Topvision Eye Specialist Bhd ranks #147 out of 356 companies for Cyclically Adjusted PB Ratio. This puts Topvision Eye Specialist Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Topvision Eye Specialist Bhd's value of 1.60 is 13.3% below this benchmark. Historically, Topvision Eye Specialist Bhd's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 3.39 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 1.85, Topvision Eye Specialist 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, 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. Topvision Eye Specialist Bhd's current Cyclically Adjusted PB Ratio of 1.60 is 13.3% 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 Topvision Eye Specialist Bhd and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topvision Eye Specialist Bhd's current Cyclically Adjusted PB Ratio is 1.60, which is 25% below median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topvision Eye Specialist Bhd stock overvalued right now?
Based on GuruFocus' analysis, Topvision Eye Specialist Bhd (XKLS:0332) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.69, compared to a current price of RM0.16 — trading 76.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 25% below median its 10-year median of 2.12 and 13.3% below the Healthcare Providers & Services industry median of 1.85. Topvision Eye Specialist Bhd's overall GF Score™ is 52/100 with 8 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 Topvision Eye Specialist Bhd (XKLS:0332), the current Cyclically Adjusted PB Ratio is 1.60 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 Topvision Eye Specialist Bhd (XKLS:0332) Overvalued in 2026?

Based on GuruFocus' analysis, Topvision Eye Specialist Bhd stock appears to be undervalued. The current stock price of RM0.16 is trading 76.8% below its estimated GF Value™ of RM0.69. GuruFocus considers Topvision Eye Specialist Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0332:

  • Cyclically Adjusted PB Ratio: 1.60 (25% below median its 10-year median of 2.12)
  • GF Value™: RM0.69 vs. price of RM0.16 (76.8% below fair value)
  • GF Score™: 52/100 with 8 warning signs
  • Industry Position: 13.3% below the Healthcare Providers & Services median (#147 of 356)

No single metric tells the full story. See the XKLS:0332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Topvision Eye Specialist Bhd Business Description

Address Jalan Setia Prima (S) U13/S, Unit 11-2 & 11-3, No.2, Block 2, Setia Alam, Section U13, Shah Alam, SGR, MYS, 40170
Topvision Eye Specialist Bhd is principally involved in the provision of ophthalmology services and related medical consultancy services. The company is also engaged in the marketing of eye supplements and health food products. The company derives a majority of its revenue from its ophthalmology services business, providing treatments for general as well as complex eye diseases. Geographically, it operates in Malaysia.
52GF Score

Get the complete analysis for XKLS:0332

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

RM0.16
Price
RM0.69
GF Value