IOI Bhd (XKLS:1961) Cyclically Adjusted PB Ratio: 2.43 (As of Sep. 22, 2026) — Near Median

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XKLS:1961 IOI Corp Bhd XKLS:1961
78 GF Score
Price RM4.80
GF Value RM4.30
Valuation Modestly Overvalued
! 5 Warning Signs
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What is IOI Bhd Cyclically Adjusted PB Ratio?

IOI Bhd XKLS:1961 -0.21% 78 Cyclically Adjusted PB Ratio is 2.43 as of Sep. 22, 2026, which is 0% below its 10-year median of 2.44. GuruFocus rates XKLS:1961 with a GF Score™ of 78/100 and a GF Value™ of RM4.30 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, IOI Bhd ranks worse than 75.32% on this metric.

As of today (2026-09-22), IOI Bhd's current share price is RM4.80. IOI Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM1.98. IOI Bhd's Cyclically Adjusted PB Ratio for today is 2.43.

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

XKLS:1961' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.04   Med: 2.44   Max: 3.07
Current: 2.5

During the past years, IOI Bhd's highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 2.04. And the median was 2.44.

XKLS:1961's Cyclically Adjusted PB Ratio is ranked worse than
75.32% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs XKLS:1961: 2.50

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.

IOI Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM2.169. 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 RM1.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IOI Bhd  (XKLS:1961) 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.


IOI Bhd Cyclically Adjusted PB Ratio Related Terms


IOI Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IOI 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.

IOI Bhd Cyclically Adjusted PB Ratio Chart

IOI Bhd Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.23 2.22 2.06 1.98 2.10

IOI 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 2.05 2.12 2.12 2.17 2.14

XKLS:1961 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, IOI 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.


IOI Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, IOI Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:1961
78GF Score
IOI Corp Bhd XKLS:1961
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IOI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.80/1.977
=2.43

* 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.

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

For example, IOI 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)
=2.169/333.9520*333.9520
=2.169

Current CPI (Jun. 2026) = 333.9520.

IOI Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.164 241.428 1.610
201612 1.180 241.432 1.632
201703 1.184 243.801 1.622
201706 1.228 244.955 1.674
201709 1.224 246.819 1.656
201712 1.314 246.524 1.780
201803 1.494 249.554 1.999
201806 1.498 251.989 1.985
201809 1.462 252.439 1.934
201812 1.500 251.233 1.994
201903 1.506 254.202 1.978
201906 1.513 256.143 1.973
201909 1.542 256.759 2.006
201912 1.527 256.974 1.984
202003 1.467 258.115 1.898
202006 1.527 257.797 1.978
202009 1.516 260.280 1.945
202012 1.579 260.474 2.024
202103 1.595 264.877 2.011
202106 1.651 271.696 2.029
202109 1.635 274.310 1.990
202112 1.708 278.802 2.046
202203 1.727 287.504 2.006
202206 1.816 296.311 2.047
202209 1.774 296.808 1.996
202212 1.841 296.797 2.071
202303 1.848 301.836 2.045
202306 1.881 305.109 2.059
202309 1.860 307.789 2.018
202312 1.916 306.746 2.086
202403 1.894 312.332 2.025
202406 1.936 314.175 2.058
202409 1.960 315.301 2.076
202412 1.991 315.605 2.107
202503 1.976 319.799 2.063
202506 2.036 322.561 2.108
202509 2.032 324.800 2.089
202512 2.119 324.054 2.184
202603 2.101 330.213 2.125
202606 2.169 333.952 2.169

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 2.43 mean?
IOI Bhd (XKLS:1961) has a Cyclically Adjusted PB Ratio of 2.43 as of Sep. 22, 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 IOI Bhd and its competitors. This is near median its historical median of 2.44. Over the past decade, IOI Bhd's Cyclically Adjusted PB Ratio has ranged from 2.04 to 3.07. According to the industry distribution chart, IOI Bhd ranks #955 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 75.3%.
Is IOI Bhd's Cyclically Adjusted PB Ratio too high?
IOI Bhd's current Cyclically Adjusted PB Ratio of 2.43 is near median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 3.07. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. IOI Bhd's value of 2.43 is 95.2% above this industry median. Based on the distribution chart, IOI Bhd ranks #955 out of 1268 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, IOI Bhd has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IOI Bhd's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, IOI Bhd ranks #955 out of 1268 companies for Cyclically Adjusted PB Ratio. This places IOI Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. IOI Bhd's value of 2.43 is 95.2% above this benchmark. Historically, IOI Bhd's own Cyclically Adjusted PB Ratio has ranged from 2.04 to 3.07 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 1.25, IOI 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. IOI Bhd's current Cyclically Adjusted PB Ratio of 2.43 is 95.2% 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 IOI Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IOI Bhd's current Cyclically Adjusted PB Ratio is 2.43, which is near median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IOI Bhd stock overvalued right now?
Based on GuruFocus' analysis, IOI Bhd (XKLS:1961) is currently considered Modestly Overvalued. The stock's GF Value™ is RM4.30, compared to a current price of RM4.80 — trading 11.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.43, which is near median its 10-year median of 2.44 and 95.2% above the Consumer Packaged Goods industry median of 1.25. IOI Bhd's overall GF Score™ is 78/100 with 5 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 IOI Bhd (XKLS:1961), the current Cyclically Adjusted PB Ratio is 2.43 as of Sep. 22, 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 IOI Bhd (XKLS:1961) Overvalued in 2026?

Based on GuruFocus' analysis, IOI Bhd stock appears to be overvalued. The current stock price of RM4.80 is trading 11.6% above its estimated GF Value™ of RM4.30. GuruFocus considers IOI Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:1961:

  • Cyclically Adjusted PB Ratio: 2.43 (near median its 10-year median of 2.44)
  • GF Value™: RM4.30 vs. price of RM4.80 (11.6% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 95.2% above the Consumer Packaged Goods median (#955 of 1268)

No single metric tells the full story. See the XKLS:1961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IOI Bhd Business Description

Address Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, MYS, 62502
IOI Corp Bhd is a palm oil producer. Its operations include oil palm plantations and Resource-based manufacturing divisions. The plantations are monitored to check oil palm nutrient status, seed breeding, ground conditions, and other data sources to improve the efficiency of each estate. The majority of revenue from the plantations comes from sales to its manufacturing divisions. Once the oil reaches the manufacturing divisions, it can be refined to create snack ingredients, soap, plastics, fatty acids, and other oils. The products are exported to many different customers, including some multinational corporations. The Group has two (2) reportable operating segments: Plantation, Resource-based manufacturing.
78GF Score

Get the complete analysis for XKLS:1961

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

RM4.80
Price
RM4.30
GF Value