Malaysian Resources Bhd (XKLS:1651) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:1651 Malaysian Resources Corp Bhd XKLS:1651
37 GF Score
Price RM0.29
GF Value RM0.34
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Malaysian Resources Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Malaysian Resources Bhd  (XKLS:1651) 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.


Malaysian Resources Bhd Cyclically Adjusted PB Ratio Related Terms


Malaysian Resources Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Malaysian Resources 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.

Malaysian Resources Bhd Cyclically Adjusted PB Ratio Chart

Malaysian Resources 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 0.30 0.23 0.35 0.41 0.30

Malaysian Resources Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.37 0.40 0.30 0.21 0.25

XKLS:1651 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Malaysian Resources 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.


Malaysian Resources Bhd Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Malaysian Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1651
37GF Score
Malaysian Resources Corp Bhd XKLS:1651
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysian Resources 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.

Malaysian Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Malaysian Resources Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.028/333.9520*333.9520
=1.028

Current CPI (Jun. 2026) = 333.9520.

Malaysian Resources Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.146 241.428 1.585
201612 1.231 241.432 1.703
201703 1.241 243.801 1.700
201706 1.250 244.955 1.704
201709 1.238 246.819 1.675
201712 1.122 246.524 1.520
201803 1.125 249.554 1.505
201806 1.130 251.989 1.498
201809 1.112 252.439 1.471
201812 1.115 251.233 1.482
201903 1.115 254.202 1.465
201906 1.114 256.143 1.452
201909 1.091 256.759 1.419
201912 1.093 256.974 1.420
202003 1.097 258.115 1.419
202006 1.034 257.797 1.339
202009 1.034 260.280 1.327
202012 1.034 260.474 1.326
202103 1.035 264.877 1.305
202106 1.008 271.696 1.239
202109 1.001 274.310 1.219
202112 1.016 278.802 1.217
202203 1.020 287.504 1.185
202206 1.010 296.311 1.138
202209 1.013 296.808 1.140
202212 1.015 296.797 1.142
202303 1.017 301.836 1.125
202306 1.010 305.109 1.105
202309 1.010 307.789 1.096
202312 1.030 306.746 1.121
202403 1.030 312.332 1.101
202406 1.032 314.175 1.097
202409 1.034 315.301 1.095
202412 1.034 315.605 1.094
202503 1.035 319.799 1.081
202506 1.029 322.561 1.065
202509 1.030 324.800 1.059
202512 1.034 324.054 1.066
202603 1.035 330.213 1.047
202606 1.028 333.952 1.028

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.

Is Malaysian Resources Bhd (XKLS:1651) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysian Resources Bhd stock appears to be undervalued. The current stock price of RM0.29 is trading 14.7% below its estimated GF Value™ of RM0.34. GuruFocus considers Malaysian Resources Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:1651:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM0.34 vs. price of RM0.29 (14.7% below fair value)
  • GF Score™: 37/100 with 8 warning signs

No single metric tells the full story. See the XKLS:1651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysian Resources Bhd Business Description

Address No. 203, Jalan Tun Sambanthan, Level 30, Menara Allianz Sentral, Kuala Lumpur Sentral, Kuala Lumpur, MYS, 50470
Malaysian Resources Corp Bhd is an investment holding company engaged in construction and property development. The group has four reportable segments: Property development and Investment, Engineering, Construction and environment, which generates the majority of revenue, facilities management and parking, and others. Geographically, it derives the majority of its revenue from Malaysia and also has a presence in Australia and New Zealand.
37GF Score

Get the complete analysis for XKLS:1651

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

RM0.29
Price
RM0.34
GF Value