Selangor Dredging Bhd (XKLS:2224) Cyclically Adjusted PB Ratio: 0.18 (As of Jul. 29, 2026) — 25% Below Median

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XKLS:2224 Selangor Dredging Bhd XKLS:2224
28 GF Score
Price RM0.45
GF Value RM0.40
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Selangor Dredging Bhd Cyclically Adjusted PB Ratio?

Selangor Dredging Bhd XKLS:2224 28 Cyclically Adjusted PB Ratio is 0.18 as of Jul. 29, 2026, which is 25% below its 10-year median of 0.24. GuruFocus rates XKLS:2224 with a GF Score™ of 28/100 and a GF Value™ of RM0.40 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,422 Real Estate companies, Selangor Dredging Bhd ranks better than 83.83% on this metric.

As of today (2026-07-29), Selangor Dredging Bhd's current share price is RM0.445. Selangor Dredging Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.42. Selangor Dredging Bhd's Cyclically Adjusted PB Ratio for today is 0.18.

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

XKLS:2224' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.24   Max: 0.42
Current: 0.19

During the past years, Selangor Dredging Bhd's highest Cyclically Adjusted PB Ratio was 0.42. The lowest was 0.17. And the median was 0.24.

XKLS:2224's Cyclically Adjusted PB Ratio is ranked better than
83.83% of 1422 companies
in the Real Estate industry
Industry Median: 0.69 vs XKLS:2224: 0.19

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.

Selangor Dredging Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.896. 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 RM2.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Selangor Dredging Bhd  (XKLS:2224) 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.


Selangor Dredging Bhd Cyclically Adjusted PB Ratio Related Terms


Selangor Dredging Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Selangor Dredging 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.

Selangor Dredging Bhd Cyclically Adjusted PB Ratio Chart

Selangor Dredging Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.19 0.26 0.21 0.17

Selangor Dredging 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 0.21 0.21 0.23 0.20 0.17

Selangor Dredging Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Selangor Dredging 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.


Selangor Dredging Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Selangor Dredging Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:2224
28GF Score
Selangor Dredging Bhd XKLS:2224
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Selangor Dredging 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.445/2.42
=0.18

* 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.

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

For example, Selangor Dredging 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)
=1.896/330.2130*330.2130
=1.896

Current CPI (Mar. 2026) = 330.2130.

Selangor Dredging Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.952 241.018 2.674
201609 1.946 241.428 2.662
201612 1.954 241.432 2.673
201703 2.020 243.801 2.736
201706 2.080 244.955 2.804
201709 2.083 246.819 2.787
201712 2.237 246.524 2.996
201803 1.949 249.554 2.579
201806 2.023 251.989 2.651
201809 2.062 252.439 2.697
201812 2.074 251.233 2.726
201903 1.992 254.202 2.588
201906 2.007 256.143 2.587
201909 1.997 256.759 2.568
201912 2.009 256.974 2.582
202003 1.939 258.115 2.481
202006 1.951 257.797 2.499
202009 1.953 260.280 2.478
202012 1.955 260.474 2.478
202103 1.964 264.877 2.448
202106 2.007 271.696 2.439
202109 2.003 274.310 2.411
202112 2.006 278.802 2.376
202203 1.967 287.504 2.259
202206 1.971 296.311 2.197
202209 1.990 296.808 2.214
202212 1.991 296.797 2.215
202303 2.009 301.836 2.198
202306 2.046 305.109 2.214
202309 2.065 307.789 2.215
202312 2.059 306.746 2.217
202403 2.085 312.332 2.204
202406 2.104 314.175 2.211
202409 2.122 315.301 2.222
202412 2.089 315.605 2.186
202503 2.056 319.799 2.123
202506 2.059 322.561 2.108
202509 2.015 324.800 2.049
202512 1.942 324.054 1.979
202603 1.896 330.213 1.896

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 0.18 mean?
Selangor Dredging Bhd (XKLS:2224) has a Cyclically Adjusted PB Ratio of 0.18 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 Selangor Dredging Bhd and its competitors. This is 25% below median its historical median of 0.24. Over the past decade, Selangor Dredging Bhd's Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.42. According to the industry distribution chart, Selangor Dredging Bhd ranks #230 out of 1422 companies in the Real Estate industry, placing it in the top 16.2%.
Is Selangor Dredging Bhd's Cyclically Adjusted PB Ratio too high?
Selangor Dredging Bhd's current Cyclically Adjusted PB Ratio of 0.18 is 25% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.42. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Selangor Dredging Bhd's value of 0.18 is 73.9% below this industry median. Based on the distribution chart, Selangor Dredging Bhd ranks #230 out of 1422 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Selangor Dredging Bhd has a GF Score™ of 28/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Selangor Dredging Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Selangor Dredging Bhd ranks #230 out of 1422 companies for Cyclically Adjusted PB Ratio. This places Selangor Dredging Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. Selangor Dredging Bhd's value of 0.18 is 73.9% below this benchmark. Historically, Selangor Dredging Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.42 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.69, Selangor Dredging 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,422 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. Selangor Dredging Bhd's current Cyclically Adjusted PB Ratio of 0.18 is 73.9% 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 Selangor Dredging Bhd and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Selangor Dredging Bhd's current Cyclically Adjusted PB Ratio is 0.18, which is 25% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Selangor Dredging Bhd stock overvalued right now?
Based on GuruFocus' analysis, Selangor Dredging Bhd (XKLS:2224) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.40, compared to a current price of RM0.45 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.18, which is 25% below median its 10-year median of 0.24 and 73.9% below the Real Estate industry median of 0.69. Selangor Dredging Bhd's overall GF Score™ is 28/100 with 4 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 Selangor Dredging Bhd (XKLS:2224), the current Cyclically Adjusted PB Ratio is 0.18 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 Selangor Dredging Bhd (XKLS:2224) Overvalued in 2026?

Based on GuruFocus' analysis, Selangor Dredging Bhd stock appears to be overvalued. The current stock price of RM0.45 is trading 11.3% above its estimated GF Value™ of RM0.40. GuruFocus considers Selangor Dredging Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:2224:

  • Cyclically Adjusted PB Ratio: 0.18 (25% below median its 10-year median of 0.24)
  • GF Value™: RM0.40 vs. price of RM0.45 (11.3% above fair value)
  • GF Score™: 28/100 with 4 warning signs
  • Industry Position: 73.9% below the Real Estate median (#230 of 1422)

No single metric tells the full story. See the XKLS:2224 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Selangor Dredging Bhd Business Description

Address 142-C, Jalan Ampang, 18th Floor, West Block, Wisma Golden Eagle Realty, Kuala Lumpur, SGR, MYS, 50450
Selangor Dredging Bhd is an investment holding company with its subsidiary engaged in the provision of management services, investment holding, property leasing, property development, hotel operation, property support, and management services, trading and installation of energy-efficient products, and property investment. Its operating segments are Property investment, Hotel operations, Investment holding, Property Development, and Others. The majority of the revenue is derived from the Property development business segment which relates to the development of property activities. It generates the majority of its revenues from Malaysia and also has its presence in Singapore.
28GF Score

Get the complete analysis for XKLS:2224

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

RM0.45
Price
RM0.40
GF Value