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Heineken Malaysia BhdXKLS:3255 -0.31%84 Cyclically Adjusted PB Ratio is 12.10 as of Jul. 22, 2026, which is 24% below its 10-year median of 15.97. GuruFocus rates XKLS:3255 with a GF Score™ of 84/100 and a GF Value™ of RM23.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 170 Beverages - Alcoholic companies, Heineken Malaysia Bhd ranks worse than 93.53% on this metric.
The historical rank and industry rank for Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:
XKLS:3255'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.11 Med: 15.97 Max: 20.3
Current: 12.11
During the past years, Heineken Malaysia Bhd's highest Cyclically Adjusted PB Ratio was 20.30. The lowest was 12.11. And the median was 15.97.
XKLS:3255's Cyclically Adjusted PB Ratio is ranked worse than 93.53% of 170
companies
in the Beverages - Alcoholic industry
Industry Median: 1.545
vs XKLS:3255: 12.11
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.
Heineken Malaysia Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM2.103. 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 RM1.58 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Heineken Malaysia Bhd (XKLS:3255) 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.
Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Related Terms
Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Heineken Malaysia 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.
Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Chart
XKLS:3255 vs BUD, STZ, TAP: Cyclically Adjusted PB Ratio Comparison
For the Beverages - Brewers subindustry, Heineken Malaysia 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.
Heineken Malaysia Bhd Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio falls into.
Heineken Malaysia 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.
* 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.
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 12.10 mean?
Heineken Malaysia Bhd (XKLS:3255) has a Cyclically Adjusted PB Ratio of 12.10 as of Jul. 22, 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 Heineken Malaysia Bhd and its competitors. This is 24% below median its historical median of 15.97. Over the past decade, Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio has ranged from 12.11 to 20.30. According to the industry distribution chart, Heineken Malaysia Bhd ranks #159 out of 170 companies in the Beverages - Alcoholic industry, placing it in the top 93.5%.
Is Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio too high?
Heineken Malaysia Bhd's current Cyclically Adjusted PB Ratio of 12.10 is 24% below median its 10-year median of 15.97. Over the past 10 years, this metric has ranged from a low of 12.11 to a high of 20.30. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.55. Heineken Malaysia Bhd's value of 12.10 is 683.2% above this industry median. Based on the distribution chart, Heineken Malaysia Bhd ranks #159 out of 170 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Heineken Malaysia Bhd has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Heineken Malaysia Bhd ranks #159 out of 170 companies for Cyclically Adjusted PB Ratio. This places Heineken Malaysia Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Heineken Malaysia Bhd's value of 12.10 is 683.2% above this benchmark. Historically, Heineken Malaysia Bhd's own Cyclically Adjusted PB Ratio has ranged from 12.11 to 20.30 over the past decade. While the company's 10-year median is 15.97 vs. the industry median of 1.55, Heineken Malaysia 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.55, based on 170 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. Heineken Malaysia Bhd's current Cyclically Adjusted PB Ratio of 12.10 is 683.2% 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 Heineken Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Malaysia Bhd's current Cyclically Adjusted PB Ratio is 12.10, which is 24% below median its own 10-year median of 15.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Heineken Malaysia Bhd (XKLS:3255) is currently considered Modestly Undervalued. The stock's GF Value™ is RM23.93, compared to a current price of RM19.12 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.10, which is 24% below median its 10-year median of 15.97 and 683.2% above the Beverages - Alcoholic industry median of 1.55. Heineken Malaysia Bhd's overall GF Score™ is 84/100 with 2 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 Heineken Malaysia Bhd (XKLS:3255), the current Cyclically Adjusted PB Ratio is 12.10 as of Jul. 22, 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 Heineken Malaysia Bhd (XKLS:3255) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken Malaysia Bhd stock appears to be undervalued.
The current stock price of RM19.12 is trading 20.1% below its estimated GF Value™ of RM23.93.
GuruFocus considers Heineken Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:3255:
Cyclically Adjusted PB Ratio: 12.10 (24% below median its 10-year median of 15.97)
GF Value™: RM23.93 vs. price of RM19.12 (20.1% below fair value)
Industry Position: 683.2% above the Beverages - Alcoholic median (#159 of 170)
No single metric tells the full story. See the XKLS:3255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken Malaysia Bhd is engaged in the production, packaging, marketing, and distribution of beverages, mainly alcoholic. The portfolio of the company includes various brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand-inspired cider - Apple Fox Cider, Edelweiss, infused with juicy peach flavour, The premium Irish ale - Kilkenny, The real shandy - Anglia, and others.
84GF Score
Get the complete analysis for XKLS:3255
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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