Muda Holdings Bhd (XKLS:3883) Cyclically Adjusted PB Ratio: 0.19 (As of Jul. 27, 2026) — 50% Below Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:3883 Muda Holdings Bhd XKLS:3883
43 GF Score
Price RM0.83
GF Value RM1.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Muda Holdings Bhd Cyclically Adjusted PB Ratio?

Muda Holdings Bhd XKLS:3883 43 Cyclically Adjusted PB Ratio is 0.19 as of Jul. 27, 2026, which is 50% below its 10-year median of 0.38. GuruFocus rates XKLS:3883 with a GF Score™ of 43/100 and a GF Value™ of RM1.11 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 244 Forest Products companies, Muda Holdings Bhd ranks better than 88.93% on this metric.

As of today (2026-07-27), Muda Holdings Bhd's current share price is RM0.83. Muda Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM4.37. Muda Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.19.

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

XKLS:3883' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.38   Max: 1.21
Current: 0.19

During the past years, Muda Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.17. And the median was 0.38.

XKLS:3883's Cyclically Adjusted PB Ratio is ranked better than
88.93% of 244 companies
in the Forest Products industry
Industry Median: 0.745 vs XKLS:3883: 0.19

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.

Muda Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM4.157. 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 RM4.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Muda Holdings Bhd  (XKLS:3883) 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.


Muda Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Muda Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Muda 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.

Muda Holdings Bhd Cyclically Adjusted PB Ratio Chart

Muda 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 0.83 0.51 0.36 0.27 0.17

Muda 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 0.25 0.22 0.21 0.17 0.16

Muda Holdings Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Muda 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.


Muda Holdings Bhd Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Muda Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:3883
43GF Score
Muda Holdings Bhd XKLS:3883
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muda 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.83/4.37
=0.19

* 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.

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

For example, Muda 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)
=4.157/330.2130*330.2130
=4.157

Current CPI (Mar. 2026) = 330.2130.

Muda Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.800 241.018 3.836
201609 2.727 241.428 3.730
201612 2.792 241.432 3.819
201703 2.857 243.801 3.870
201706 2.865 244.955 3.862
201709 3.055 246.819 4.087
201712 3.162 246.524 4.235
201803 3.194 249.554 4.226
201806 3.233 251.989 4.237
201809 3.285 252.439 4.297
201812 3.352 251.233 4.406
201903 3.439 254.202 4.467
201906 3.475 256.143 4.480
201909 3.446 256.759 4.432
201912 3.467 256.974 4.455
202003 3.522 258.115 4.506
202006 3.564 257.797 4.565
202009 3.604 260.280 4.572
202012 3.728 260.474 4.726
202103 3.851 264.877 4.801
202106 3.930 271.696 4.776
202109 4.253 274.310 5.120
202112 4.316 278.802 5.112
202203 4.364 287.504 5.012
202206 4.346 296.311 4.843
202209 4.296 296.808 4.780
202212 4.241 296.797 4.718
202303 4.187 301.836 4.581
202306 4.151 305.109 4.493
202309 4.089 307.789 4.387
202312 4.114 306.746 4.429
202403 4.118 312.332 4.354
202406 4.102 314.175 4.311
202409 3.973 315.301 4.161
202412 3.875 315.605 4.054
202503 3.818 319.799 3.942
202506 3.759 322.561 3.848
202509 3.695 324.800 3.757
202512 4.145 324.054 4.224
202603 4.157 330.213 4.157

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 0.19 mean?
Muda Holdings Bhd (XKLS:3883) has a Cyclically Adjusted PB Ratio of 0.19 as of Jul. 27, 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 Muda Holdings Bhd and its competitors. This is 50% below median its historical median of 0.38. Over the past decade, Muda Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.21. According to the industry distribution chart, Muda Holdings Bhd ranks #27 out of 244 companies in the Forest Products industry, placing it in the top 11.1%.
Is Muda Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Muda Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.19 is 50% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.21. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.75. Muda Holdings Bhd's value of 0.19 is 74.5% below this industry median. Based on the distribution chart, Muda Holdings Bhd ranks #27 out of 244 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Muda Holdings Bhd has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muda Holdings Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Muda Holdings Bhd ranks #27 out of 244 companies for Cyclically Adjusted PB Ratio. This places Muda Holdings Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.75. Muda Holdings Bhd's value of 0.19 is 74.5% below this benchmark. Historically, Muda Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.21 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.75, Muda 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.75, based on 244 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. Muda Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.19 is 74.5% 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 Muda Holdings Bhd and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muda Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.19, which is 50% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muda Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Muda Holdings Bhd (XKLS:3883) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.11, compared to a current price of RM0.83 — trading 25.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 50% below median its 10-year median of 0.38 and 74.5% below the Forest Products industry median of 0.75. Muda Holdings Bhd's overall GF Score™ is 43/100 with 4 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 Muda Holdings Bhd (XKLS:3883), the current Cyclically Adjusted PB Ratio is 0.19 as of Jul. 27, 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 Muda Holdings Bhd (XKLS:3883) Overvalued in 2026?

Based on GuruFocus' analysis, Muda Holdings Bhd stock appears to be undervalued. The current stock price of RM0.83 is trading 25.2% below its estimated GF Value™ of RM1.11. GuruFocus considers Muda Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3883:

  • Cyclically Adjusted PB Ratio: 0.19 (50% below median its 10-year median of 0.38)
  • GF Value™: RM1.11 vs. price of RM0.83 (25.2% below fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 74.5% below the Forest Products median (#27 of 244)

No single metric tells the full story. See the XKLS:3883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Muda Holdings Bhd Business Description

Address Lot 7, Jalan 51A/241, Petaling Jaya, SGR, MYS, 46100
Muda Holdings Bhd is a Malaysia-based company, that operates in the paper and paper packaging industry. The company is engaged in producing industrial grade paper, machine glazed paper, paper boards and paper packaging products. The business activity of the firm functions through the Manufacturing and Trading segments. The Manufacturing segment is engaged in manufacturing various types of industrial paper, corrugated cartons, paper bags, paper stationery, and paper-based food packaging products. The Trading segment is engaged in the trading of paper, recovered paper, and stationery products. Geographically the firm has its business presence across the region of Malaysia, Singapore, the People's Republic of China, and Australia. It derives maximum revenue from Manufacturing segment.
43GF Score

Get the complete analysis for XKLS:3883

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

RM0.83
Price
RM1.11
GF Value