Batu Kawan Bhd (XKLS:1899) Cyclically Adjusted PB Ratio: 1.03 (As of Jul. 27, 2026) — 12% Below Median

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XKLS:1899 Batu Kawan Bhd XKLS:1899
51 GF Score
Price RM20.80
GF Value RM21.40
Valuation Fairly Valued
! 7 Warning Signs
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What is Batu Kawan Bhd Cyclically Adjusted PB Ratio?

Batu Kawan Bhd XKLS:1899 51 Cyclically Adjusted PB Ratio is 1.03 as of Jul. 27, 2026, which is 12% below its 10-year median of 1.17. GuruFocus rates XKLS:1899 with a GF Score™ of 51/100 and a GF Value™ of RM21.40 (Fairly Valued). The stock has 7 warning signs investors should review. Among 474 Conglomerates companies, Batu Kawan Bhd ranks worse than 50.63% on this metric.

As of today (2026-07-27), Batu Kawan Bhd's current share price is RM20.80. Batu Kawan Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM20.19. Batu Kawan Bhd's Cyclically Adjusted PB Ratio for today is 1.03.

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

XKLS:1899' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.17   Max: 1.83
Current: 1.03

During the past years, Batu Kawan Bhd's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.89. And the median was 1.17.

XKLS:1899's Cyclically Adjusted PB Ratio is ranked worse than
50.63% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs XKLS:1899: 1.03

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.

Batu Kawan Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM19.300. 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 RM20.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Batu Kawan Bhd  (XKLS:1899) 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.


Batu Kawan Bhd Cyclically Adjusted PB Ratio Related Terms


Batu Kawan Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Batu Kawan 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.

Batu Kawan Bhd Cyclically Adjusted PB Ratio Chart

Batu Kawan Bhd Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.19 1.11 1.02 0.95

Batu Kawan 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 1.00 0.97 0.95 0.98 1.06

XKLS:1899 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Batu Kawan 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.


Batu Kawan Bhd Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Batu Kawan Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1899
51GF Score
Batu Kawan Bhd XKLS:1899
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Batu Kawan 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.

Batu Kawan Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.80/20.19
=1.03

* 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.

Batu Kawan Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Batu Kawan Bhd's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.3/330.2130*330.2130
=19.300

Current CPI (Mar. 2026) = 330.2130.

Batu Kawan Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.189 241.018 19.440
201609 15.006 241.428 20.524
201612 15.931 241.432 21.789
201703 16.384 243.801 22.191
201706 16.346 244.955 22.035
201709 15.323 246.819 20.500
201712 16.491 246.524 22.089
201803 15.867 249.554 20.995
201806 16.181 251.989 21.204
201809 15.183 252.439 19.861
201812 14.734 251.233 19.366
201903 14.601 254.202 18.967
201906 14.550 256.143 18.757
201909 14.426 256.759 18.553
201912 14.040 256.974 18.041
202003 13.939 258.115 17.833
202006 14.718 257.797 18.852
202009 14.770 260.280 18.738
202012 15.017 260.474 19.038
202103 15.538 264.877 19.371
202106 16.263 271.696 19.766
202109 16.041 274.310 19.310
202112 16.915 278.802 20.034
202203 18.072 287.504 20.757
202206 18.537 296.311 20.658
202209 19.482 296.808 21.675
202212 18.859 296.797 20.982
202303 19.539 301.836 21.376
202306 20.148 305.109 21.806
202309 19.965 307.789 21.420
202312 19.909 306.746 21.432
202403 20.235 312.332 21.393
202406 20.145 314.175 21.173
202409 18.805 315.301 19.694
202412 19.061 315.605 19.943
202503 19.155 319.799 19.779
202506 19.378 322.561 19.838
202509 19.468 324.800 19.792
202512 18.790 324.054 19.147
202603 19.300 330.213 19.300

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 1.03 mean?
Batu Kawan Bhd (XKLS:1899) has a Cyclically Adjusted PB Ratio of 1.03 as of Jul. 27, 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 Batu Kawan Bhd and its competitors. This is 12% below median its historical median of 1.17. Over the past decade, Batu Kawan Bhd's Cyclically Adjusted PB Ratio has ranged from 0.89 to 1.83. According to the industry distribution chart, Batu Kawan Bhd ranks #240 out of 474 companies in the Conglomerates industry, placing it in the top 50.6%.
Is Batu Kawan Bhd's Cyclically Adjusted PB Ratio too high?
Batu Kawan Bhd's current Cyclically Adjusted PB Ratio of 1.03 is 12% below median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.83. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Batu Kawan Bhd's value of 1.03 is 1% above this industry median. Based on the distribution chart, Batu Kawan Bhd ranks #240 out of 474 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Batu Kawan Bhd has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Batu Kawan Bhd's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Batu Kawan Bhd ranks #240 out of 474 companies for Cyclically Adjusted PB Ratio. This places Batu Kawan Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Batu Kawan Bhd's value of 1.03 is 1% above this benchmark. Historically, Batu Kawan Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.89 to 1.83 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.02, Batu Kawan 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 474 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. Batu Kawan Bhd's current Cyclically Adjusted PB Ratio of 1.03 is 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 Batu Kawan Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Batu Kawan Bhd's current Cyclically Adjusted PB Ratio is 1.03, which is 12% below median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Batu Kawan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Batu Kawan Bhd (XKLS:1899) is currently considered Fairly Valued. The stock's GF Value™ is RM21.40, compared to a current price of RM20.80 — trading 2.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 12% below median its 10-year median of 1.17 and 1% above the Conglomerates industry median of 1.02. Batu Kawan Bhd's overall GF Score™ is 51/100 with 7 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 Batu Kawan Bhd (XKLS:1899), the current Cyclically Adjusted PB Ratio is 1.03 as of Jul. 27, 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 Batu Kawan Bhd (XKLS:1899) Overvalued in 2026?

Based on GuruFocus' analysis, Batu Kawan Bhd stock appears to be undervalued. The current stock price of RM20.80 is trading 2.8% below its estimated GF Value™ of RM21.40. GuruFocus considers Batu Kawan Bhd to be Fairly Valued.

Key valuation signals for XKLS:1899:

  • Cyclically Adjusted PB Ratio: 1.03 (12% below median its 10-year median of 1.17)
  • GF Value™: RM21.40 vs. price of RM20.80 (2.8% below fair value)
  • GF Score™: 51/100 with 7 warning signs
  • Industry Position: 1% above the Conglomerates median (#240 of 474)

No single metric tells the full story. See the XKLS:1899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Batu Kawan Bhd Business Description

Address No. 1, Jalan S.P. Seenivasagam, Wisma Taiko, Ipoh, PRK, MYS, 30000
Batu Kawan Bhd is a holding company that focuses on harvesting palm trees and manufacturing and selling rubber and chemical products through its subsidiaries. The firm operates through four segments: plantation, manufacturing, property development, and investment holdings/others. The manufacturing segment generates majority revenue through selling a variety of chemical-based products, including oleochemicals, industrial amides, rubber gloves, and esters. The plantation segment generates the second portion of total revenue by cultivating and processing palm trees into both fresh fruit bunches and rubber products. Geographically, the firm operates in Asia, Europe, Americas, and Africa, with the majority of its revenue generated from Asian and European countries.
51GF Score

Get the complete analysis for XKLS:1899

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

RM20.80
Price
RM21.40
GF Value