Marco Holdings Bhd (XKLS:3514) Cyclically Adjusted PB Ratio: 0.46 (As of Jul. 29, 2026) — 41% Below Median

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XKLS:3514 Marco Holdings Bhd XKLS:3514
53 GF Score
Price RM0.11
GF Value RM0.14
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Marco Holdings Bhd Cyclically Adjusted PB Ratio?

Marco Holdings Bhd XKLS:3514 -4.55% 53 Cyclically Adjusted PB Ratio is 0.46 as of Jul. 29, 2026, which is 41% below its 10-year median of 0.78. GuruFocus rates XKLS:3514 with a GF Score™ of 53/100 and a GF Value™ of RM0.14 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,977 Hardware companies, Marco Holdings Bhd ranks better than 88.16% on this metric.

As of today (2026-07-29), Marco Holdings Bhd's current share price is RM0.105. Marco Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.23. Marco Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.46.

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

XKLS:3514' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.78   Max: 1.07
Current: 0.46

During the past years, Marco Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.43. And the median was 0.78.

XKLS:3514's Cyclically Adjusted PB Ratio is ranked better than
88.16% of 1977 companies
in the Hardware industry
Industry Median: 2.02 vs XKLS:3514: 0.46

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.

Marco Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.194. 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 RM0.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marco Holdings Bhd  (XKLS:3514) 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.


Marco Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Marco Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marco 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.

Marco Holdings Bhd Cyclically Adjusted PB Ratio Chart

Marco Holdings 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 0.78 0.84 0.87 0.64 0.42

Marco Holdings 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 0.54 0.56 0.51 0.42 0.46

XKLS:3514 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Marco 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.


Marco Holdings Bhd Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Marco Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:3514
53GF Score
Marco Holdings Bhd XKLS:3514
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.105/0.23
=0.46

* 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.

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

For example, Marco Holdings 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)
=0.194/330.2130*330.2130
=0.194

Current CPI (Mar. 2026) = 330.2130.

Marco Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.155 241.018 0.212
201609 0.160 241.428 0.219
201612 0.164 241.432 0.224
201703 0.168 243.801 0.228
201706 0.166 244.955 0.224
201709 0.170 246.819 0.227
201712 0.172 246.524 0.230
201803 0.176 249.554 0.233
201806 0.179 251.989 0.235
201809 0.183 252.439 0.239
201812 0.181 251.233 0.238
201903 0.184 254.202 0.239
201906 0.187 256.143 0.241
201909 0.188 256.759 0.242
201912 0.193 256.974 0.248
202003 0.195 258.115 0.249
202006 0.197 257.797 0.252
202009 0.198 260.280 0.251
202012 0.203 260.474 0.257
202103 0.207 264.877 0.258
202106 0.211 271.696 0.256
202109 0.215 274.310 0.259
202112 0.220 278.802 0.261
202203 0.225 287.504 0.258
202206 0.225 296.311 0.251
202209 0.209 296.808 0.233
202212 0.214 296.797 0.238
202303 0.199 301.836 0.218
202306 0.203 305.109 0.220
202309 0.188 307.789 0.202
202312 0.189 306.746 0.203
202403 0.193 312.332 0.204
202406 0.197 314.175 0.207
202409 0.180 315.301 0.189
202412 0.181 315.605 0.189
202503 0.184 319.799 0.190
202506 0.186 322.561 0.190
202509 0.187 324.800 0.190
202512 0.191 324.054 0.195
202603 0.194 330.213 0.194

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 0.46 mean?
Marco Holdings Bhd (XKLS:3514) has a Cyclically Adjusted PB Ratio of 0.46 as of Jul. 29, 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 Marco Holdings Bhd and its competitors. This is 41% below median its historical median of 0.78. Over the past decade, Marco Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.07. According to the industry distribution chart, Marco Holdings Bhd ranks #234 out of 1977 companies in the Hardware industry, placing it in the top 11.8%.
Is Marco Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Marco Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.46 is 41% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.07. The Hardware industry median Cyclically Adjusted PB Ratio is 2.02. Marco Holdings Bhd's value of 0.46 is 77.2% below this industry median. Based on the distribution chart, Marco Holdings Bhd ranks #234 out of 1977 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Marco Holdings Bhd has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marco Holdings Bhd's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Marco Holdings Bhd ranks #234 out of 1977 companies for Cyclically Adjusted PB Ratio. This places Marco Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.02. Marco Holdings Bhd's value of 0.46 is 77.2% below this benchmark. Historically, Marco Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.07 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 2.02, Marco Holdings 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.02, based on 1,977 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. Marco Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.46 is 77.2% 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 Marco Holdings Bhd and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marco Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.46, which is 41% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marco Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Marco Holdings Bhd (XKLS:3514) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.11 — trading 25% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 41% below median its 10-year median of 0.78 and 77.2% below the Hardware industry median of 2.02. Marco Holdings Bhd's overall GF Score™ is 53/100 with 1 warning sign 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 Marco Holdings Bhd (XKLS:3514), the current Cyclically Adjusted PB Ratio is 0.46 as of Jul. 29, 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 Marco Holdings Bhd (XKLS:3514) Overvalued in 2026?

Based on GuruFocus' analysis, Marco Holdings Bhd stock appears to be undervalued. The current stock price of RM0.11 is trading 25% below its estimated GF Value™ of RM0.14. GuruFocus considers Marco Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3514:

  • Cyclically Adjusted PB Ratio: 0.46 (41% below median its 10-year median of 0.78)
  • GF Value™: RM0.14 vs. price of RM0.11 (25% below fair value)
  • GF Score™: 53/100 with 1 warning sign
  • Industry Position: 77.2% below the Hardware median (#234 of 1977)

No single metric tells the full story. See the XKLS:3514 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marco Holdings Bhd Business Description

Address Jalan Raja Laut, No. 282, 29th Floor, Menara JKG, Kuala Lumpur, MYS, 50350
Marco Holdings Bhd, and its subsidiaries are mainly engaged in the wholesale and distribution of timepieces, consumer technology and electronic products, electronic musical instruments, as well as retail operations. The Group's product offerings include Casio calculators, Casio label printers and electronic musical instruments, Reebok timepieces, Caterpillar timepieces, and Casio timepieces, among others. Its reportable operating segments are: Distribution, which generates the maximum revenue, and Others. Geographically, the Group derives all of its revenue from Malaysia.
53GF Score

Get the complete analysis for XKLS:3514

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

RM0.11
Price
RM0.14
GF Value