Dutch Lady Milk Industries Bhd (XKLS:3026) Cyclically Adjusted PB Ratio: 6.11 (As of Aug. 03, 2026) — 20% Below Median

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XKLS:3026 Dutch Lady Milk Industries Bhd XKLS:3026
84 GF Score
Price RM32.10
GF Value RM31.09
Valuation Fairly Valued
! 5 Warning Signs
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What is Dutch Lady Milk Industries Bhd Cyclically Adjusted PB Ratio?

Dutch Lady Milk Industries Bhd XKLS:3026 +0.19% 84 Cyclically Adjusted PB Ratio is 6.11 as of Aug. 03, 2026, which is 20% below its 10-year median of 7.65. GuruFocus rates XKLS:3026 with a GF Score™ of 84/100 and a GF Value™ of RM31.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,425 Consumer Packaged Goods companies, Dutch Lady Milk Industries Bhd ranks worse than 92.42% on this metric.

As of today (2026-08-03), Dutch Lady Milk Industries Bhd's current share price is RM32.10. Dutch Lady Milk Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM5.25. Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio for today is 6.11.

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

XKLS:3026' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.36   Med: 7.65   Max: 14.61
Current: 6.1

During the past years, Dutch Lady Milk Industries Bhd's highest Cyclically Adjusted PB Ratio was 14.61. The lowest was 5.36. And the median was 7.65.

XKLS:3026's Cyclically Adjusted PB Ratio is ranked worse than
92.42% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs XKLS:3026: 6.10

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.

Dutch Lady Milk Industries Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM9.424. 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 RM5.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dutch Lady Milk Industries Bhd  (XKLS:3026) 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.


Dutch Lady Milk Industries Bhd Cyclically Adjusted PB Ratio Related Terms


Dutch Lady Milk Industries Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries Bhd Cyclically Adjusted PB Ratio Chart

Dutch Lady Milk Industries Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.38 8.45 5.91 6.85 6.18

Dutch Lady Milk Industries 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 6.25 6.28 5.54 6.18 6.04

XKLS:3026 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Dutch Lady Milk Industries 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.


Dutch Lady Milk Industries Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:3026
84GF Score
Dutch Lady Milk Industries Bhd XKLS:3026
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.10/5.25
=6.11

* 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.

Dutch Lady Milk Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dutch Lady Milk Industries 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)
=9.424/330.2130*330.2130
=9.424

Current CPI (Mar. 2026) = 330.2130.

Dutch Lady Milk Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.460 241.018 3.370
201609 3.095 241.428 4.233
201612 2.586 241.432 3.537
201703 3.085 243.801 4.178
201706 1.888 244.955 2.545
201709 2.397 246.819 3.207
201712 1.625 246.524 2.177
201803 2.160 249.554 2.858
201806 1.540 251.989 2.018
201809 2.074 252.439 2.713
201812 1.648 251.233 2.166
201903 2.177 254.202 2.828
201906 1.946 256.143 2.509
201909 2.340 256.759 3.009
201912 2.257 256.974 2.900
202003 2.612 258.115 3.342
202006 2.943 257.797 3.770
202009 2.688 260.280 3.410
202012 2.603 260.474 3.300
202103 2.867 264.877 3.574
202106 3.043 271.696 3.698
202109 3.361 274.310 4.046
202112 5.978 278.802 7.080
202203 6.299 287.504 7.235
202206 6.386 296.311 7.117
202209 6.767 296.808 7.529
202212 6.201 296.797 6.899
202303 6.334 301.836 6.929
202306 6.463 305.109 6.995
202309 6.725 307.789 7.215
202312 6.832 306.746 7.355
202403 7.248 312.332 7.663
202406 7.343 314.175 7.718
202409 7.612 315.301 7.972
202412 7.842 315.605 8.205
202503 8.233 319.799 8.501
202506 8.349 322.561 8.547
202509 8.850 324.800 8.997
202512 8.956 324.054 9.126
202603 9.424 330.213 9.424

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 6.11 mean?
Dutch Lady Milk Industries Bhd (XKLS:3026) has a Cyclically Adjusted PB Ratio of 6.11 as of Aug. 03, 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 Dutch Lady Milk Industries Bhd and its competitors. This is 20% below median its historical median of 7.65. Over the past decade, Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio has ranged from 5.36 to 14.61. According to the industry distribution chart, Dutch Lady Milk Industries Bhd ranks #1317 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 92.4%.
Is Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio too high?
Dutch Lady Milk Industries Bhd's current Cyclically Adjusted PB Ratio of 6.11 is 20% below median its 10-year median of 7.65. Over the past 10 years, this metric has ranged from a low of 5.36 to a high of 14.61. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Dutch Lady Milk Industries Bhd's value of 6.11 is 392.7% above this industry median. Based on the distribution chart, Dutch Lady Milk Industries Bhd ranks #1317 out of 1425 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dutch Lady Milk Industries Bhd has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Dutch Lady Milk Industries Bhd ranks #1317 out of 1425 companies for Cyclically Adjusted PB Ratio. This places Dutch Lady Milk Industries Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Dutch Lady Milk Industries Bhd's value of 6.11 is 392.7% above this benchmark. Historically, Dutch Lady Milk Industries Bhd's own Cyclically Adjusted PB Ratio has ranged from 5.36 to 14.61 over the past decade. While the company's 10-year median is 7.65 vs. the industry median of 1.24, Dutch Lady Milk Industries 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 1.24, based on 1,425 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. Dutch Lady Milk Industries Bhd's current Cyclically Adjusted PB Ratio of 6.11 is 392.7% 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 Dutch Lady Milk Industries Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dutch Lady Milk Industries Bhd's current Cyclically Adjusted PB Ratio is 6.11, which is 20% below median its own 10-year median of 7.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch Lady Milk Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd (XKLS:3026) is currently considered Fairly Valued. The stock's GF Value™ is RM31.09, compared to a current price of RM32.10 — trading 3.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.11, which is 20% below median its 10-year median of 7.65 and 392.7% above the Consumer Packaged Goods industry median of 1.24. Dutch Lady Milk Industries Bhd's overall GF Score™ is 84/100 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 Dutch Lady Milk Industries Bhd (XKLS:3026), the current Cyclically Adjusted PB Ratio is 6.11 as of Aug. 03, 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 Dutch Lady Milk Industries Bhd (XKLS:3026) Overvalued in 2026?

Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd stock appears to be overvalued. The current stock price of RM32.10 is trading 3.2% above its estimated GF Value™ of RM31.09. GuruFocus considers Dutch Lady Milk Industries Bhd to be Fairly Valued.

Key valuation signals for XKLS:3026:

  • Cyclically Adjusted PB Ratio: 6.11 (20% below median its 10-year median of 7.65)
  • GF Value™: RM31.09 vs. price of RM32.10 (3.2% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 392.7% above the Consumer Packaged Goods median (#1317 of 1425)

No single metric tells the full story. See the XKLS:3026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dutch Lady Milk Industries Bhd Business Description

Address 112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infants and growing-up children, liquid milk in different packaging formats, and yogurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold, and Dutch Lady PureFarm.
84GF Score

Get the complete analysis for XKLS:3026

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

RM32.10
Price
RM31.09
GF Value