Magnum Bhd (XKLS:3859) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:3859 Magnum Bhd XKLS:3859
84 GF Score
Price RM1.19
GF Value RM1.26
Valuation Fairly Valued
! 3 Warning Signs
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What is Magnum Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Magnum Bhd  (XKLS:3859) 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.


Magnum Bhd Cyclically Adjusted PB Ratio Related Terms


Magnum Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Magnum 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.

Magnum Bhd Cyclically Adjusted PB Ratio Chart

Magnum 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 0.94 0.64 0.54 0.62 0.64

Magnum Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.66 0.64 0.60 0.61

XKLS:3859 vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Magnum 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.


Magnum Bhd Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Magnum Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:3859
84GF Score
Magnum Bhd XKLS:3859
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnum 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.

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

For example, Magnum Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.803/333.9520*333.9520
=1.803

Current CPI (Jun. 2026) = 333.9520.

Magnum Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.708 241.428 2.363
201612 1.709 241.432 2.364
201703 1.701 243.801 2.330
201706 1.742 244.955 2.375
201709 1.757 246.819 2.377
201712 1.754 246.524 2.376
201803 1.753 249.554 2.346
201806 1.745 251.989 2.313
201809 1.667 252.439 2.205
201812 1.734 251.233 2.305
201903 1.737 254.202 2.282
201906 1.749 256.143 2.280
201909 1.723 256.759 2.241
201912 1.739 256.974 2.260
202003 1.749 258.115 2.263
202006 1.707 257.797 2.211
202009 1.729 260.280 2.218
202012 1.680 260.474 2.154
202103 1.665 264.877 2.099
202106 1.666 271.696 2.048
202109 1.645 274.310 2.003
202112 1.659 278.802 1.987
202203 1.656 287.504 1.924
202206 1.664 296.311 1.875
202209 1.662 296.808 1.870
202212 1.678 296.797 1.888
202303 1.674 301.836 1.852
202306 1.694 305.109 1.854
202309 1.696 307.789 1.840
202312 1.711 306.746 1.863
202403 1.709 312.332 1.827
202406 1.726 314.175 1.835
202409 1.726 315.301 1.828
202412 1.748 315.605 1.850
202503 1.758 319.799 1.836
202506 1.777 322.561 1.840
202509 1.769 324.800 1.819
202512 1.770 324.054 1.824
202603 1.781 330.213 1.801
202606 1.803 333.952 1.803

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.

Is Magnum Bhd (XKLS:3859) Overvalued in 2026?

Based on GuruFocus' analysis, Magnum Bhd stock appears to be undervalued. The current stock price of RM1.19 is trading 5.6% below its estimated GF Value™ of RM1.26. GuruFocus considers Magnum Bhd to be Fairly Valued.

Key valuation signals for XKLS:3859:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM1.26 vs. price of RM1.19 (5.6% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the XKLS:3859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Magnum Bhd Business Description

Address No. 8, Jalan Munshi Abdullah, 35th Floor, Menara Multi-Purpose, Capital Square, Kuala Lumpur, SGR, MYS, 50100
Magnum Bhd is an investment holding company mainly involved in the gambling industry. Magnum, through a government license, is mainly involved in the forecasting lottery business. It operates in two segments: Gaming and Investment holdings, and others. The company generates the vast majority of its revenue in Malaysia.
84GF Score

Get the complete analysis for XKLS:3859

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

RM1.19
Price
RM1.26
GF Value