IJM Bhd (XKLS:3336) Cyclically Adjusted PB Ratio: 0.70 (As of Jul. 25, 2026) — Near Median

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XKLS:3336 IJM Corp Bhd XKLS:3336
80 GF Score
Price RM2.43
GF Value RM2.85
Valuation Modestly Undervalued
! 7 Warning Signs
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What is IJM Bhd Cyclically Adjusted PB Ratio?

IJM Bhd XKLS:3336 -0.82% 80 Cyclically Adjusted PB Ratio is 0.70 as of Jul. 25, 2026, which is 8% above its 10-year median of 0.65. GuruFocus rates XKLS:3336 with a GF Score™ of 80/100 and a GF Value™ of RM2.85 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 476 Conglomerates companies, IJM Bhd ranks better than 66.39% on this metric.

As of today (2026-07-25), IJM Bhd's current share price is RM2.43. IJM Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM3.45. IJM Bhd's Cyclically Adjusted PB Ratio for today is 0.70.

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

XKLS:3336' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.65   Max: 1.09
Current: 0.7

During the past years, IJM Bhd's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.46. And the median was 0.65.

XKLS:3336's Cyclically Adjusted PB Ratio is ranked better than
66.39% of 476 companies
in the Conglomerates industry
Industry Median: 1.045 vs XKLS:3336: 0.70

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.

IJM Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM3.094. 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 RM3.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IJM Bhd  (XKLS:3336) 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.


IJM Bhd Cyclically Adjusted PB Ratio Related Terms


IJM Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IJM 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.

IJM Bhd Cyclically Adjusted PB Ratio Chart

IJM Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.50 0.73 0.62 0.63

IJM 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 0.62 0.77 0.83 0.67 0.63

XKLS:3336 vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, IJM 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.


IJM Bhd Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


XKLS:3336
80GF Score
IJM Corp Bhd XKLS:3336
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IJM 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.43/3.45
=0.70

* 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.

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

For example, IJM 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)
=3.094/330.2130*330.2130
=3.094

Current CPI (Mar. 2026) = 330.2130.

IJM Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.480 241.018 3.398
201609 2.519 241.428 3.445
201612 2.535 241.432 3.467
201703 2.588 243.801 3.505
201706 2.605 244.955 3.512
201709 2.627 246.819 3.515
201712 2.619 246.524 3.508
201803 2.576 249.554 3.409
201806 2.537 251.989 3.325
201809 2.538 252.439 3.320
201812 2.564 251.233 3.370
201903 2.809 254.202 3.649
201906 2.816 256.143 3.630
201909 2.885 256.759 3.710
201912 2.881 256.974 3.702
202003 2.877 258.115 3.681
202006 2.889 257.797 3.701
202009 2.902 260.280 3.682
202012 2.929 260.474 3.713
202103 2.991 264.877 3.729
202106 2.972 271.696 3.612
202109 3.174 274.310 3.821
202112 3.046 278.802 3.608
202203 3.054 287.504 3.508
202206 3.027 296.311 3.373
202209 3.036 296.808 3.378
202212 3.035 296.797 3.377
202303 3.044 301.836 3.330
202306 3.022 305.109 3.271
202309 3.049 307.789 3.271
202312 3.060 306.746 3.294
202403 3.156 312.332 3.337
202406 3.122 314.175 3.281
202409 3.121 315.301 3.269
202412 3.145 315.605 3.291
202503 3.175 319.799 3.278
202506 3.139 322.561 3.213
202509 3.153 324.800 3.206
202512 3.252 324.054 3.314
202603 3.094 330.213 3.094

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 0.70 mean?
IJM Bhd (XKLS:3336) has a Cyclically Adjusted PB Ratio of 0.70 as of Jul. 25, 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 IJM Bhd and its competitors. This is near median its historical median of 0.65. Over the past decade, IJM Bhd's Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.09. According to the industry distribution chart, IJM Bhd ranks #160 out of 476 companies in the Conglomerates industry, placing it in the top 33.6%.
Is IJM Bhd's Cyclically Adjusted PB Ratio too high?
IJM Bhd's current Cyclically Adjusted PB Ratio of 0.70 is near median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.09. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.05. IJM Bhd's value of 0.70 is 33% below this industry median. Based on the distribution chart, IJM Bhd ranks #160 out of 476 companies in the Conglomerates industry, which is above the industry midpoint. Overall, IJM Bhd has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IJM Bhd's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, IJM Bhd ranks #160 out of 476 companies for Cyclically Adjusted PB Ratio. This puts IJM Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.05. IJM Bhd's value of 0.70 is 33% below this benchmark. Historically, IJM Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.09 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.05, IJM 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 1.05, based on 476 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. IJM Bhd's current Cyclically Adjusted PB Ratio of 0.70 is 33% 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 IJM Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IJM Bhd's current Cyclically Adjusted PB Ratio is 0.70, which is near median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IJM Bhd stock overvalued right now?
Based on GuruFocus' analysis, IJM Bhd (XKLS:3336) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.85, compared to a current price of RM2.43 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is near median its 10-year median of 0.65 and 33% below the Conglomerates industry median of 1.05. IJM Bhd's overall GF Score™ is 80/100 with 7 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 IJM Bhd (XKLS:3336), the current Cyclically Adjusted PB Ratio is 0.70 as of Jul. 25, 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 IJM Bhd (XKLS:3336) Overvalued in 2026?

Based on GuruFocus' analysis, IJM Bhd stock appears to be undervalued. The current stock price of RM2.43 is trading 14.7% below its estimated GF Value™ of RM2.85. GuruFocus considers IJM Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3336:

  • Cyclically Adjusted PB Ratio: 0.70 (near median its 10-year median of 0.65)
  • GF Value™: RM2.85 vs. price of RM2.43 (14.7% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 33% below the Conglomerates median (#160 of 476)

No single metric tells the full story. See the XKLS:3336 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IJM Bhd Business Description

Address Jalan Yong Shook Lin, 2nd Floor, Wisma IJM, Petaling Jaya, SGR, MYS, 46050
IJM Corp Bhd is an investment holding company. It constructs hotels, residential complexes, highways and transportation systems, and other large industrial structures. In addition, the company provides construction materials for in-house support and external customers. It utilizes quarry operations, ready-mixed concrete, scaffolding, and other supplies to provide reliable solutions. IJM has six operating segments: Construction, Property development, Manufacturing and quarrying, Infrastructure - Tollway, Infrastructure - Port and Investment and others. The majority of the company's revenue is derived from Malaysia, and also has its presence in India, United Kingdom, and Other countries.
80GF Score

Get the complete analysis for XKLS:3336

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

RM2.43
Price
RM2.85
GF Value