CI Holdings Bhd (XKLS:2828) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2828 CI Holdings Bhd XKLS:2828
68 GF Score
Price RM2.42
GF Value RM2.48
Valuation Fairly Valued
! 5 Warning Signs
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What is CI Holdings Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Holdings Bhd  (XKLS:2828) 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.


CI Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


CI Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CI 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.

CI Holdings Bhd Cyclically Adjusted PB Ratio Chart

CI Holdings 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 1.70 1.60 1.34 1.01 0.83

CI Holdings 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 1.04 1.03 1.04 0.94 0.85

XKLS:2828 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, CI 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.


CI Holdings Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:2828
68GF Score
CI Holdings Bhd XKLS:2828
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CI 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.

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

For example, CI Holdings 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)
=3.695/333.9520*333.9520
=3.695

Current CPI (Jun. 2026) = 333.9520.

CI Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.233 241.428 1.706
201612 1.239 241.432 1.714
201703 1.317 243.801 1.804
201706 1.340 244.955 1.827
201709 1.437 246.819 1.944
201712 1.459 246.524 1.976
201803 1.454 249.554 1.946
201806 1.487 251.989 1.971
201809 1.534 252.439 2.029
201812 1.470 251.233 1.954
201903 1.524 254.202 2.002
201906 1.495 256.143 1.949
201909 1.569 256.759 2.041
201912 1.595 256.974 2.073
202003 1.589 258.115 2.056
202006 1.653 257.797 2.141
202009 1.776 260.280 2.279
202012 1.791 260.474 2.296
202103 1.975 264.877 2.490
202106 2.194 271.696 2.697
202109 2.334 274.310 2.841
202112 2.337 278.802 2.799
202203 2.348 287.504 2.727
202206 2.558 296.311 2.883
202209 2.777 296.808 3.125
202212 2.960 296.797 3.331
202303 3.053 301.836 3.378
202306 3.210 305.109 3.513
202309 3.407 307.789 3.697
202312 3.317 306.746 3.611
202403 3.496 312.332 3.738
202406 3.469 314.175 3.687
202409 3.512 315.301 3.720
202412 3.523 315.605 3.728
202503 3.715 319.799 3.879
202506 3.705 322.561 3.836
202509 3.649 324.800 3.752
202512 3.709 324.054 3.822
202603 3.647 330.213 3.688
202606 3.695 333.952 3.695

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.

Is CI Holdings Bhd (XKLS:2828) Overvalued in 2026?

Based on GuruFocus' analysis, CI Holdings Bhd stock appears to be undervalued. The current stock price of RM2.42 is trading 2.4% below its estimated GF Value™ of RM2.48. GuruFocus considers CI Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:2828:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM2.48 vs. price of RM2.42 (2.4% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the XKLS:2828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CI Holdings Bhd Business Description

Address No. 1, Jalan Mayang Sari, Suite A-11-1, Level 11, Hampshire Place Office, 157 Hampshire, Kuala Lumpur, MYS, 50450
CI Holdings Bhd is engaged in investment holding and the provision of management services. The company's operating segment includes Edible oil; Tap-ware and sanitary ware; and Investment holdings. It generates maximum revenue from the Edible oil segment. The edible oil segment is engaged in the selling, packing, and marketing of all types of edible oil. Its Tap-ware and sanitary ware segment is engaged in the manufacture and trading of household fittings and appliances such as water taps, plumbing accessories, and sanitary wares, and the Investment holding segment is engaged in Investment activities. Geographically, it derives a majority of revenue from Africa and also has a presence in Malaysia, Asia, and Other regions.
68GF Score

Get the complete analysis for XKLS:2828

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

RM2.42
Price
RM2.48
GF Value