Alcom Group Bhd (XKLS:2674) Cyclically Adjusted PB Ratio: 0.43 (As of Jul. 29, 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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:2674 Alcom Group Bhd XKLS:2674
21 GF Score
Price RM0.65
GF Value RM0.58
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Alcom Group Bhd Cyclically Adjusted PB Ratio?

Alcom Group Bhd XKLS:2674 21 Cyclically Adjusted PB Ratio is 0.43 as of Jul. 29, 2026, which is 23% below its 10-year median of 0.56. GuruFocus rates XKLS:2674 with a GF Score™ of 21/100 and a GF Value™ of RM0.58 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,538 Metals & Mining companies, Alcom Group Bhd ranks better than 76.53% on this metric.

As of today (2026-07-29), Alcom Group Bhd's current share price is RM0.65. Alcom Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.50. Alcom Group Bhd's Cyclically Adjusted PB Ratio for today is 0.43.

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

XKLS:2674' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.56   Max: 0.97
Current: 0.43

During the past years, Alcom Group Bhd's highest Cyclically Adjusted PB Ratio was 0.97. The lowest was 0.25. And the median was 0.56.

XKLS:2674's Cyclically Adjusted PB Ratio is ranked better than
76.53% of 1538 companies
in the Metals & Mining industry
Industry Median: 1.415 vs XKLS:2674: 0.43

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.

Alcom Group Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.325. 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 RM1.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alcom Group Bhd  (XKLS:2674) 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.


Alcom Group Bhd Cyclically Adjusted PB Ratio Related Terms


Alcom Group Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alcom Group 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.

Alcom Group Bhd Cyclically Adjusted PB Ratio Chart

Alcom Group Bhd Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.68 0.55 0.48 0.54

Alcom Group 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 0.47 0.52 0.54 0.54 0.51

XKLS:2674 vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Alcom Group 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.


Alcom Group Bhd Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alcom Group Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:2674
21GF Score
Alcom Group Bhd XKLS:2674
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alcom Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.65/1.50
=0.43

* 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.

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

For example, Alcom Group 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)
=1.325/330.2130*330.2130
=1.325

Current CPI (Mar. 2026) = 330.2130.

Alcom Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.253 241.018 1.717
201609 1.247 241.428 1.706
201612 1.275 241.432 1.744
201703 1.312 243.801 1.777
201706 1.363 244.955 1.837
201709 0.851 246.819 1.139
201712 0.887 246.524 1.188
201803 0.888 249.554 1.175
201806 0.891 251.989 1.168
201809 0.886 252.439 1.159
201812 0.911 251.233 1.197
201903 0.902 254.202 1.172
201906 0.910 256.143 1.173
201909 0.913 256.759 1.174
201912 0.909 256.974 1.168
202003 0.892 258.115 1.141
202006 0.860 257.797 1.102
202009 0.844 260.280 1.071
202012 0.919 260.474 1.165
202103 0.974 264.877 1.214
202106 1.033 271.696 1.255
202109 1.084 274.310 1.305
202112 1.161 278.802 1.375
202203 1.320 287.504 1.516
202206 1.468 296.311 1.636
202209 1.579 296.808 1.757
202212 1.713 296.797 1.906
202303 1.763 301.836 1.929
202306 1.789 305.109 1.936
202309 1.810 307.789 1.942
202312 1.811 306.746 1.950
202403 1.813 312.332 1.917
202406 1.822 314.175 1.915
202409 1.763 315.301 1.846
202412 1.726 315.605 1.806
202503 1.733 319.799 1.789
202506 1.665 322.561 1.704
202509 1.545 324.800 1.571
202512 1.416 324.054 1.443
202603 1.325 330.213 1.325

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 0.43 mean?
Alcom Group Bhd (XKLS:2674) has a Cyclically Adjusted PB Ratio of 0.43 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 Alcom Group Bhd and its competitors. This is 23% below median its historical median of 0.56. Over the past decade, Alcom Group Bhd's Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.97. According to the industry distribution chart, Alcom Group Bhd ranks #361 out of 1538 companies in the Metals & Mining industry, placing it in the top 23.5%.
Is Alcom Group Bhd's Cyclically Adjusted PB Ratio too high?
Alcom Group Bhd's current Cyclically Adjusted PB Ratio of 0.43 is 23% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.97. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. Alcom Group Bhd's value of 0.43 is 69.6% below this industry median. Based on the distribution chart, Alcom Group Bhd ranks #361 out of 1538 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Alcom Group Bhd has a GF Score™ of 21/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alcom Group Bhd's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Alcom Group Bhd ranks #361 out of 1538 companies for Cyclically Adjusted PB Ratio. This places Alcom Group Bhd in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.42. Alcom Group Bhd's value of 0.43 is 69.6% below this benchmark. Historically, Alcom Group Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.97 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.42, Alcom Group 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.42, based on 1,538 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. Alcom Group Bhd's current Cyclically Adjusted PB Ratio of 0.43 is 69.6% 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 Alcom Group Bhd and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alcom Group Bhd's current Cyclically Adjusted PB Ratio is 0.43, which is 23% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alcom Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Alcom Group Bhd (XKLS:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.58, compared to a current price of RM0.65 — trading 12.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is 23% below median its 10-year median of 0.56 and 69.6% below the Metals & Mining industry median of 1.42. Alcom Group Bhd's overall GF Score™ is 21/100 with 8 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 Alcom Group Bhd (XKLS:2674), the current Cyclically Adjusted PB Ratio is 0.43 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 Alcom Group Bhd (XKLS:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Alcom Group Bhd stock appears to be overvalued. The current stock price of RM0.65 is trading 12.1% above its estimated GF Value™ of RM0.58. GuruFocus considers Alcom Group Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:2674:

  • Cyclically Adjusted PB Ratio: 0.43 (23% below median its 10-year median of 0.56)
  • GF Value™: RM0.58 vs. price of RM0.65 (12.1% above fair value)
  • GF Score™: 21/100 with 8 warning signs
  • Industry Position: 69.6% below the Metals & Mining median (#361 of 1538)

No single metric tells the full story. See the XKLS:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alcom Group Bhd Business Description

Address No. 3, Persiaran Waja, Bukit Raja Industrial Estate, Klang, MYS, 41050
Alcom Group Bhd, along with its subsidiaries, operates in four segments, namely, Manufacturing Segment, which supplies rolled aluminium products within Malaysia as well as to Asia, Europe, the Middle East and the United States of America with key products being finstock, specialties and roofing products; Property Development Segment focuses on property development; Construction Segment engages in construction of buildings; and Investment Holding Segment. The majority of the revenue is derived from the Manufacturing Segment. Geographically, it operates in Malaysia, the United States of America, Thailand, India, Asia (excluding Malaysia, Thailand, and India), Europe, the Middle East, and Others. The majority of its revenue is generated from India.
21GF Score

Get the complete analysis for XKLS:2674

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

RM0.65
Price
RM0.58
GF Value