Malayan Flour Mills Bhd (XKLS:3662) Cyclically Adjusted PB Ratio: 0.43 (As of Jul. 31, 2026) — Near Median

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XKLS:3662 Malayan Flour Mills Bhd XKLS:3662
56 GF Score
Price RM0.64
GF Value RM0.65
Valuation Fairly Valued
! 3 Warning Signs
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What is Malayan Flour Mills Bhd Cyclically Adjusted PB Ratio?

Malayan Flour Mills Bhd XKLS:3662 -0.78% 56 Cyclically Adjusted PB Ratio is 0.43 as of Jul. 31, 2026, which is at its 10-year median of 0.43. GuruFocus rates XKLS:3662 with a GF Score™ of 56/100 and a GF Value™ of RM0.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,430 Consumer Packaged Goods companies, Malayan Flour Mills Bhd ranks better than 85.59% on this metric.

As of today (2026-07-31), Malayan Flour Mills Bhd's current share price is RM0.635. Malayan Flour Mills Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.49. Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio for today is 0.43.

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

XKLS:3662' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.43   Max: 0.73
Current: 0.43

During the past years, Malayan Flour Mills Bhd's highest Cyclically Adjusted PB Ratio was 0.73. The lowest was 0.30. And the median was 0.43.

XKLS:3662's Cyclically Adjusted PB Ratio is ranked better than
85.59% of 1430 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs XKLS:3662: 0.43

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.

Malayan Flour Mills Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.108. 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 RM1.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malayan Flour Mills Bhd  (XKLS:3662) 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.


Malayan Flour Mills Bhd Cyclically Adjusted PB Ratio Related Terms


Malayan Flour Mills Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Malayan Flour Mills 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.

Malayan Flour Mills Bhd Cyclically Adjusted PB Ratio Chart

Malayan Flour Mills 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 0.48 0.51 0.42 0.34 0.41

Malayan Flour Mills 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 0.30 0.35 0.39 0.41 0.38

XKLS:3662 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Malayan Flour Mills 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.


Malayan Flour Mills Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:3662
56GF Score
Malayan Flour Mills Bhd XKLS:3662
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malayan Flour Mills 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.

Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.635/1.49
=0.43

* 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.

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

For example, Malayan Flour Mills 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)
=1.108/330.2130*330.2130
=1.108

Current CPI (Mar. 2026) = 330.2130.

Malayan Flour Mills Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.381 241.018 1.892
201609 1.387 241.428 1.897
201612 1.448 241.432 1.980
201703 1.451 243.801 1.965
201706 1.466 244.955 1.976
201709 1.467 246.819 1.963
201712 1.451 246.524 1.944
201803 1.395 249.554 1.846
201806 1.418 251.989 1.858
201809 1.392 252.439 1.821
201812 1.490 251.233 1.958
201903 1.102 254.202 1.432
201906 1.081 256.143 1.394
201909 1.092 256.759 1.404
201912 1.086 256.974 1.396
202003 1.044 258.115 1.336
202006 1.061 257.797 1.359
202009 1.049 260.280 1.331
202012 1.060 260.474 1.344
202103 1.069 264.877 1.333
202106 1.196 271.696 1.454
202109 1.210 274.310 1.457
202112 1.230 278.802 1.457
202203 1.233 287.504 1.416
202206 1.280 296.311 1.426
202209 1.321 296.808 1.470
202212 1.336 296.797 1.486
202303 1.343 301.836 1.469
202306 1.368 305.109 1.481
202309 1.363 307.789 1.462
202312 1.312 306.746 1.412
202403 1.101 312.332 1.164
202406 1.105 314.175 1.161
202409 1.055 315.301 1.105
202412 1.053 315.605 1.102
202503 1.070 319.799 1.105
202506 1.066 322.561 1.091
202509 1.075 324.800 1.093
202512 1.095 324.054 1.116
202603 1.108 330.213 1.108

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 0.43 mean?
Malayan Flour Mills Bhd (XKLS:3662) has a Cyclically Adjusted PB Ratio of 0.43 as of Jul. 31, 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 Malayan Flour Mills Bhd and its competitors. This is near median its historical median of 0.43. Over the past decade, Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.73. According to the industry distribution chart, Malayan Flour Mills Bhd ranks #206 out of 1430 companies in the Consumer Packaged Goods industry, placing it in the top 14.4%.
Is Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio too high?
Malayan Flour Mills Bhd's current Cyclically Adjusted PB Ratio of 0.43 is near median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.73. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Malayan Flour Mills Bhd's value of 0.43 is 65.6% below this industry median. Based on the distribution chart, Malayan Flour Mills Bhd ranks #206 out of 1430 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Malayan Flour Mills Bhd has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Malayan Flour Mills Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Malayan Flour Mills Bhd ranks #206 out of 1430 companies for Cyclically Adjusted PB Ratio. This places Malayan Flour Mills Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Malayan Flour Mills Bhd's value of 0.43 is 65.6% below this benchmark. Historically, Malayan Flour Mills Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.73 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.25, Malayan Flour Mills 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,430 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. Malayan Flour Mills Bhd's current Cyclically Adjusted PB Ratio of 0.43 is 65.6% 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 Malayan Flour Mills Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malayan Flour Mills Bhd's current Cyclically Adjusted PB Ratio is 0.43, which is near median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Flour Mills Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Flour Mills Bhd (XKLS:3662) is currently considered Fairly Valued. The stock's GF Value™ is RM0.65, compared to a current price of RM0.64 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is near median its 10-year median of 0.43 and 65.6% below the Consumer Packaged Goods industry median of 1.25. Malayan Flour Mills Bhd's overall GF Score™ is 56/100 with 3 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 Malayan Flour Mills Bhd (XKLS:3662), the current Cyclically Adjusted PB Ratio is 0.43 as of Jul. 31, 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 Malayan Flour Mills Bhd (XKLS:3662) Overvalued in 2026?

Based on GuruFocus' analysis, Malayan Flour Mills Bhd stock appears to be undervalued. The current stock price of RM0.64 is trading 2.3% below its estimated GF Value™ of RM0.65. GuruFocus considers Malayan Flour Mills Bhd to be Fairly Valued.

Key valuation signals for XKLS:3662:

  • Cyclically Adjusted PB Ratio: 0.43 (near median its 10-year median of 0.43)
  • GF Value™: RM0.65 vs. price of RM0.64 (2.3% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 65.6% below the Consumer Packaged Goods median (#206 of 1430)

No single metric tells the full story. See the XKLS:3662 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malayan Flour Mills Bhd Business Description

Address 165 Jalan Ampang, Suite 25.01, Level 25, Menara Citibank, Kuala Lumpur, SGR, MYS, 50450
Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. The company generstes maximum revenue from the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.
56GF Score

Get the complete analysis for XKLS:3662

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

RM0.64
Price
RM0.65
GF Value