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Malayan Cement BhdXKLS:3794 +0.62%72 Cyclically Adjusted PB Ratio is 1.46 as of Jul. 30, 2026, which is 70% above its 10-year median of 0.86. GuruFocus rates XKLS:3794 with a GF Score™ of 72/100 and a GF Value™ of RM5.54 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 315 Building Materials companies, Malayan Cement Bhd ranks worse than 61.59% on this metric.
The historical rank and industry rank for Malayan Cement Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:
XKLS:3794'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.86 Max: 1.98
Current: 1.46
During the past years, Malayan Cement Bhd's highest Cyclically Adjusted PB Ratio was 1.98. The lowest was 0.45. And the median was 0.86.
XKLS:3794's Cyclically Adjusted PB Ratio is ranked worse than 61.59% of 315
companies
in the Building Materials industry
Industry Median: 0.98
vs XKLS:3794: 1.46
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.
Malayan Cement Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM5.260. 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 RM4.48 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Malayan Cement Bhd (XKLS:3794) 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 Cement Bhd Cyclically Adjusted PB Ratio Related Terms
Malayan Cement Bhd Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Malayan Cement 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 Cement Bhd Cyclically Adjusted PB Ratio Chart
XKLS:3794 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison
For the Building Materials subindustry, Malayan Cement 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 Cement Bhd Cyclically Adjusted PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Malayan Cement Bhd's Cyclically Adjusted PB Ratio falls into.
Malayan Cement 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 Cement Bhd's Cyclically Adjusted PB Ratio for today is calculated as
* 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 1.46 mean?
Malayan Cement Bhd (XKLS:3794) has a Cyclically Adjusted PB Ratio of 1.46 as of Jul. 30, 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 Cement Bhd and its competitors. This is 70% above median its historical median of 0.86. Over the past decade, Malayan Cement Bhd's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.98. According to the industry distribution chart, Malayan Cement Bhd ranks #194 out of 315 companies in the Building Materials industry, placing it in the top 61.6%.
Is Malayan Cement Bhd's Cyclically Adjusted PB Ratio too high?
Malayan Cement Bhd's current Cyclically Adjusted PB Ratio of 1.46 is 70% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.98. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. Malayan Cement Bhd's value of 1.46 is 49% above this industry median. Based on the distribution chart, Malayan Cement Bhd ranks #194 out of 315 companies in the Building Materials industry, which is below the industry midpoint. Overall, Malayan Cement Bhd has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Malayan Cement Bhd ranks #194 out of 315 companies for Cyclically Adjusted PB Ratio. This places Malayan Cement Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Malayan Cement Bhd's value of 1.46 is 49% above this benchmark. Historically, Malayan Cement Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.98 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.98, Malayan Cement 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.98, based on 315 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 Cement Bhd's current Cyclically Adjusted PB Ratio of 1.46 is 49% 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 Malayan Cement Bhd and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malayan Cement Bhd's current Cyclically Adjusted PB Ratio is 1.46, which is 70% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.54, compared to a current price of RM6.54 — trading 18.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.46, which is 70% above median its 10-year median of 0.86 and 49% above the Building Materials industry median of 0.98. Malayan Cement Bhd's overall GF Score™ is 72/100 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 Cement Bhd (XKLS:3794), the current Cyclically Adjusted PB Ratio is 1.46 as of Jul. 30, 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 Cement Bhd (XKLS:3794) Overvalued in 2026?
Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued.
The current stock price of RM6.54 is trading 18.1% above its estimated GF Value™ of RM5.54.
GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:3794:
Cyclically Adjusted PB Ratio: 1.46 (70% above median its 10-year median of 0.86)
GF Value™: RM5.54 vs. price of RM6.54 (18.1% above fair value)
Industry Position: 49% above the Building Materials median (#194 of 315)
No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
72GF Score
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