Tanco Holdings Bhd (XKLS:2429) Cyclically Adjusted PB Ratio: 2.89 (As of Aug. 01, 2026) — 69% Above Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:2429 Tanco Holdings Bhd XKLS:2429
28 GF Score
Price RM0.26
GF Value RM0.60
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Tanco Holdings Bhd Cyclically Adjusted PB Ratio?

Tanco Holdings Bhd XKLS:2429 +6.12% 28 Cyclically Adjusted PB Ratio is 2.89 as of Aug. 01, 2026, which is 69% above its 10-year median of 1.71. GuruFocus rates XKLS:2429 with a GF Score™ of 28/100 and a GF Value™ of RM0.60 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,416 Real Estate companies, Tanco Holdings Bhd ranks worse than 89.76% on this metric.

As of today (2026-08-01), Tanco Holdings Bhd's current share price is RM0.26. Tanco Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.09. Tanco Holdings Bhd's Cyclically Adjusted PB Ratio for today is 2.89.

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

XKLS:2429' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 1.71   Max: 19.44
Current: 2.88

During the past years, Tanco Holdings Bhd's highest Cyclically Adjusted PB Ratio was 19.44. The lowest was 0.09. And the median was 1.71.

XKLS:2429's Cyclically Adjusted PB Ratio is ranked worse than
89.76% of 1416 companies
in the Real Estate industry
Industry Median: 0.69 vs XKLS:2429: 2.88

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.

Tanco Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.062. 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 RM0.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tanco Holdings Bhd  (XKLS:2429) 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.


Tanco Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Tanco Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tanco Holdings 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.

Tanco Holdings Bhd Cyclically Adjusted PB Ratio Chart

Tanco Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.78 1.86 3.96 9.17

Tanco Holdings 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 8.14 9.17 9.33 12.55 16.07

Tanco Holdings Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Tanco Holdings 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.


Tanco Holdings Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


XKLS:2429
28GF Score
Tanco Holdings Bhd XKLS:2429
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tanco Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.26/0.09
=2.89

* 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.

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

For example, Tanco Holdings 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)
=0.062/330.2130*330.2130
=0.062

Current CPI (Mar. 2026) = 330.2130.

Tanco Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.160 241.018 0.219
201609 0.152 241.428 0.208
201612 0.158 241.432 0.216
201703 0.104 243.801 0.141
201706 0.101 244.955 0.136
201709 0.102 246.819 0.136
201712 0.099 246.524 0.133
201803 0.099 249.554 0.131
201806 0.101 251.989 0.132
201809 0.097 252.439 0.127
201812 0.095 251.233 0.125
201903 0.086 254.202 0.112
201906 0.082 256.143 0.106
201909 0.079 256.759 0.102
201912 0.074 256.974 0.095
202003 0.072 258.115 0.092
202006 0.054 257.797 0.069
202009 0.052 260.280 0.066
202012 0.050 260.474 0.063
202103 0.046 264.877 0.057
202106 0.045 271.696 0.055
202109 0.041 274.310 0.049
202112 0.040 278.802 0.047
202203 0.040 287.504 0.046
202206 0.041 296.311 0.046
202209 0.041 296.808 0.046
202212 0.044 296.797 0.049
202303 0.048 301.836 0.053
202306 0.052 305.109 0.056
202309 0.054 307.789 0.058
202312 0.055 306.746 0.059
202403 0.058 312.332 0.061
202406 0.060 314.175 0.063
202409 0.063 315.301 0.066
202412 0.064 315.605 0.067
202503 0.065 319.799 0.067
202506 0.066 322.561 0.068
202509 0.062 324.800 0.063
202512 0.062 324.054 0.063
202603 0.062 330.213 0.062

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 2.89 mean?
Tanco Holdings Bhd (XKLS:2429) has a Cyclically Adjusted PB Ratio of 2.89 as of Aug. 01, 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 Tanco Holdings Bhd and its competitors. This is 69% above median its historical median of 1.71. Over the past decade, Tanco Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.09 to 19.44. According to the industry distribution chart, Tanco Holdings Bhd ranks #1271 out of 1416 companies in the Real Estate industry, placing it in the top 89.8%.
Is Tanco Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Tanco Holdings Bhd's current Cyclically Adjusted PB Ratio of 2.89 is 69% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 19.44. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Tanco Holdings Bhd's value of 2.89 is 318.8% above this industry median. Based on the distribution chart, Tanco Holdings Bhd ranks #1271 out of 1416 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Tanco Holdings Bhd has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tanco Holdings Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Tanco Holdings Bhd ranks #1271 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Tanco Holdings Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Tanco Holdings Bhd's value of 2.89 is 318.8% above this benchmark. Historically, Tanco Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 19.44 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 0.69, Tanco Holdings 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,416 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. Tanco Holdings Bhd's current Cyclically Adjusted PB Ratio of 2.89 is 318.8% 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 Tanco Holdings 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. Tanco Holdings Bhd's current Cyclically Adjusted PB Ratio is 2.89, which is 69% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanco Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tanco Holdings Bhd (XKLS:2429) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.60, compared to a current price of RM0.26 — trading 56.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is 69% above median its 10-year median of 1.71 and 318.8% above the Real Estate industry median of 0.69. Tanco Holdings 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 Tanco Holdings Bhd (XKLS:2429), the current Cyclically Adjusted PB Ratio is 2.89 as of Aug. 01, 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 Tanco Holdings Bhd (XKLS:2429) Overvalued in 2026?

Based on GuruFocus' analysis, Tanco Holdings Bhd stock appears to be undervalued. The current stock price of RM0.26 is trading 56.7% below its estimated GF Value™ of RM0.60. GuruFocus considers Tanco Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:2429:

  • Cyclically Adjusted PB Ratio: 2.89 (69% above median its 10-year median of 1.71)
  • GF Value™: RM0.60 vs. price of RM0.26 (56.7% below fair value)
  • GF Score™: 28/100 with 4 warning signs
  • Industry Position: 318.8% above the Real Estate median (#1271 of 1416)

No single metric tells the full story. See the XKLS:2429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tanco Holdings Bhd Business Description

Address No. 1, Jalan Bandar 1, Pusat Bandar Puchong, Puchong, SGR, MYS, 47160
Tanco Holdings Bhd is a Malaysia-based investment holding company that engages in the provision of management services. Along with its subsidiaries, it operates in various business sectors such as property development, property financing, construction and building materials, ports, industrial parks, and pharmaceuticals, among others. The company's business segments include Property development/management, Resorts and club operation/management, Construction and installation, Investment holding, and Business consulting services. Maximum revenue is derived from its Construction and installation segment.
28GF Score

Get the complete analysis for XKLS:2429

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

RM0.26
Price
RM0.60
GF Value