Hap Seng Consolidated Bhd (XKLS:3034) Cyclically Adjusted PB Ratio: 0.79 (As of Aug. 03, 2026) — 48% Below Median

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XKLS:3034 Hap Seng Consolidated Bhd XKLS:3034
61 GF Score
Price RM2.74
GF Value RM2.88
Valuation Fairly Valued
! 6 Warning Signs
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What is Hap Seng Consolidated Bhd Cyclically Adjusted PB Ratio?

Hap Seng Consolidated Bhd XKLS:3034 -1.08% 61 Cyclically Adjusted PB Ratio is 0.79 as of Aug. 03, 2026, which is 48% below its 10-year median of 1.53. GuruFocus rates XKLS:3034 with a GF Score™ of 61/100 and a GF Value™ of RM2.88 (Fairly Valued). The stock has 6 warning signs investors should review. Among 470 Conglomerates companies, Hap Seng Consolidated Bhd ranks better than 59.79% on this metric.

As of today (2026-08-03), Hap Seng Consolidated Bhd's current share price is RM2.74. Hap Seng Consolidated Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM3.49. Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio for today is 0.79.

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

XKLS:3034' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.53   Max: 4.15
Current: 0.78

During the past years, Hap Seng Consolidated Bhd's highest Cyclically Adjusted PB Ratio was 4.15. The lowest was 0.73. And the median was 1.53.

XKLS:3034's Cyclically Adjusted PB Ratio is ranked better than
59.79% of 470 companies
in the Conglomerates industry
Industry Median: 1.02 vs XKLS:3034: 0.78

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.

Hap Seng Consolidated Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM3.220. 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 RM3.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hap Seng Consolidated Bhd  (XKLS:3034) 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.


Hap Seng Consolidated Bhd Cyclically Adjusted PB Ratio Related Terms


Hap Seng Consolidated Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hap Seng Consolidated 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.

Hap Seng Consolidated Bhd Cyclically Adjusted PB Ratio Chart

Hap Seng Consolidated 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 2.94 2.21 1.47 1.07 0.83

Hap Seng Consolidated 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 0.86 0.75 0.81 0.83 0.77

XKLS:3034 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Hap Seng Consolidated 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.


Hap Seng Consolidated Bhd Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:3034
61GF Score
Hap Seng Consolidated Bhd XKLS:3034
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hap Seng Consolidated 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.

Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.74/3.49
=0.79

* 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.

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

For example, Hap Seng Consolidated 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)
=3.22/330.2130*330.2130
=3.220

Current CPI (Mar. 2026) = 330.2130.

Hap Seng Consolidated Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.231 241.018 3.057
201609 2.358 241.428 3.225
201612 2.357 241.432 3.224
201703 2.272 243.801 3.077
201706 2.372 244.955 3.198
201709 2.461 246.819 3.293
201712 2.465 246.524 3.302
201803 2.518 249.554 3.332
201806 2.878 251.989 3.771
201809 2.962 252.439 3.875
201812 2.822 251.233 3.709
201903 2.885 254.202 3.748
201906 2.789 256.143 3.596
201909 2.865 256.759 3.685
201912 2.948 256.974 3.788
202003 3.004 258.115 3.843
202006 2.939 257.797 3.765
202009 3.009 260.280 3.817
202012 3.006 260.474 3.811
202103 3.058 264.877 3.812
202106 2.997 271.696 3.642
202109 3.145 274.310 3.786
202112 3.015 278.802 3.571
202203 3.074 287.504 3.531
202206 3.024 296.311 3.370
202209 3.243 296.808 3.608
202212 3.082 296.797 3.429
202303 3.111 301.836 3.403
202306 3.286 305.109 3.556
202309 3.295 307.789 3.535
202312 3.164 306.746 3.406
202403 3.217 312.332 3.401
202406 3.183 314.175 3.345
202409 3.237 315.301 3.390
202412 3.205 315.605 3.353
202503 3.247 319.799 3.353
202506 3.202 322.561 3.278
202509 3.257 324.800 3.311
202512 3.188 324.054 3.249
202603 3.220 330.213 3.220

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 0.79 mean?
Hap Seng Consolidated Bhd (XKLS:3034) has a Cyclically Adjusted PB Ratio of 0.79 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 Hap Seng Consolidated Bhd and its competitors. This is 48% below median its historical median of 1.53. Over the past decade, Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.15. According to the industry distribution chart, Hap Seng Consolidated Bhd ranks #189 out of 470 companies in the Conglomerates industry, placing it in the top 40.2%.
Is Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio too high?
Hap Seng Consolidated Bhd's current Cyclically Adjusted PB Ratio of 0.79 is 48% below median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 4.15. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Hap Seng Consolidated Bhd's value of 0.79 is 22.5% below this industry median. Based on the distribution chart, Hap Seng Consolidated Bhd ranks #189 out of 470 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Hap Seng Consolidated Bhd has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hap Seng Consolidated Bhd's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hap Seng Consolidated Bhd ranks #189 out of 470 companies for Cyclically Adjusted PB Ratio. This puts Hap Seng Consolidated Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Hap Seng Consolidated Bhd's value of 0.79 is 22.5% below this benchmark. Historically, Hap Seng Consolidated Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.15 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 1.02, Hap Seng Consolidated 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 470 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. Hap Seng Consolidated Bhd's current Cyclically Adjusted PB Ratio of 0.79 is 22.5% 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 Hap Seng Consolidated Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hap Seng Consolidated Bhd's current Cyclically Adjusted PB Ratio is 0.79, which is 48% below median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hap Seng Consolidated Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hap Seng Consolidated Bhd (XKLS:3034) is currently considered Fairly Valued. The stock's GF Value™ is RM2.88, compared to a current price of RM2.74 — trading 4.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 48% below median its 10-year median of 1.53 and 22.5% below the Conglomerates industry median of 1.02. Hap Seng Consolidated Bhd's overall GF Score™ is 61/100 with 6 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 Hap Seng Consolidated Bhd (XKLS:3034), the current Cyclically Adjusted PB Ratio is 0.79 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 Hap Seng Consolidated Bhd (XKLS:3034) Overvalued in 2026?

Based on GuruFocus' analysis, Hap Seng Consolidated Bhd stock appears to be undervalued. The current stock price of RM2.74 is trading 4.9% below its estimated GF Value™ of RM2.88. GuruFocus considers Hap Seng Consolidated Bhd to be Fairly Valued.

Key valuation signals for XKLS:3034:

  • Cyclically Adjusted PB Ratio: 0.79 (48% below median its 10-year median of 1.53)
  • GF Value™: RM2.88 vs. price of RM2.74 (4.9% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 22.5% below the Conglomerates median (#189 of 470)

No single metric tells the full story. See the XKLS:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hap Seng Consolidated Bhd Business Description

Address Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Consolidated Bhd is an investment holding company. Its segment comprises: Plantation engaged in the cultivation of oil palm and processing of fresh fruit bunches; Property consists of Property investment, property development, and hospitality; Credit financing consists provision of financial services; Automotive engaged in trading in motor vehicles, spare parts and servicing of motor vehicles; Trading consists of Trading and distribution of fertilizers and agro-chemical, trading of general building materials and petroleum products; and Building materials comprise operation of stone quarries and asphalt plants, manufacture of bricks and tiles, distribution and others. The majority of the revenue is generated in Malaysia with smaller operations in Other Asian countries.
61GF Score

Get the complete analysis for XKLS:3034

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

RM2.74
Price
RM2.88
GF Value