PPB Group Bhd (XKLS:4065) Cyclically Adjusted PB Ratio: 0.48 (As of Jul. 24, 2026) — 49% Below Median

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:4065 PPB Group Bhd XKLS:4065
77 GF Score
Price RM9.40
GF Value RM13.21
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is PPB Group Bhd Cyclically Adjusted PB Ratio?

PPB Group Bhd XKLS:4065 77 Cyclically Adjusted PB Ratio is 0.48 as of Jul. 24, 2026, which is 49% below its 10-year median of 0.94. GuruFocus rates XKLS:4065 with a GF Score™ of 77/100 and a GF Value™ of RM13.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,438 Consumer Packaged Goods companies, PPB Group Bhd ranks better than 82.61% on this metric.

As of today (2026-07-24), PPB Group Bhd's current share price is RM9.40. PPB Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM19.52. PPB Group Bhd's Cyclically Adjusted PB Ratio for today is 0.48.

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

XKLS:4065' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.94   Max: 1.49
Current: 0.49

During the past years, PPB Group Bhd's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 0.46. And the median was 0.94.

XKLS:4065's Cyclically Adjusted PB Ratio is ranked better than
82.61% of 1438 companies
in the Consumer Packaged Goods industry
Industry Median: 1.265 vs XKLS:4065: 0.49

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.

PPB Group Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM15.634. 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 RM19.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PPB Group Bhd  (XKLS:4065) 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.


PPB Group Bhd Cyclically Adjusted PB Ratio Related Terms


PPB Group Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PPB Group 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.

PPB Group Bhd Cyclically Adjusted PB Ratio Chart

PPB Group 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 1.12 1.04 0.81 0.66 0.58

PPB Group 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 0.60 0.53 0.53 0.58 0.61

XKLS:4065 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, PPB Group 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.


PPB Group Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:4065
77GF Score
PPB Group Bhd XKLS:4065
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PPB Group 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.

PPB Group Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.40/19.52
=0.48

* 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.

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

For example, PPB Group 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)
=15.634/330.2130*330.2130
=15.634

Current CPI (Mar. 2026) = 330.2130.

PPB Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.151 241.018 18.018
201609 13.705 241.428 18.745
201612 14.540 241.432 19.887
201703 15.063 243.801 20.402
201706 14.716 244.955 19.838
201709 14.815 246.819 19.821
201712 14.537 246.524 19.472
201803 14.220 249.554 18.816
201806 14.494 251.989 18.993
201809 14.671 252.439 19.191
201812 14.790 251.233 19.440
201903 14.948 254.202 19.418
201906 14.899 256.143 19.207
201909 14.979 256.759 19.264
201912 15.068 256.974 19.362
202003 15.502 258.115 19.832
202006 15.472 257.797 19.818
202009 15.487 260.280 19.648
202012 16.040 260.474 20.335
202103 16.721 264.877 20.845
202106 16.643 271.696 20.228
202109 16.858 274.310 20.294
202112 17.174 278.802 20.341
202203 17.448 287.504 20.040
202206 18.000 296.311 20.059
202209 18.604 296.808 20.698
202212 18.157 296.797 20.201
202303 18.616 301.836 20.366
202306 18.871 305.109 20.424
202309 18.947 307.789 20.327
202312 19.075 306.746 20.534
202403 19.510 312.332 20.627
202406 19.369 314.175 20.358
202409 17.718 315.301 18.556
202412 18.679 315.605 19.544
202503 18.827 319.799 19.440
202506 18.281 322.561 18.715
202509 18.000 324.800 18.300
202512 15.547 324.054 15.842
202603 15.634 330.213 15.634

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 0.48 mean?
PPB Group Bhd (XKLS:4065) has a Cyclically Adjusted PB Ratio of 0.48 as of Jul. 24, 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 PPB Group Bhd and its competitors. This is 49% below median its historical median of 0.94. Over the past decade, PPB Group Bhd's Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.49. According to the industry distribution chart, PPB Group Bhd ranks #250 out of 1438 companies in the Consumer Packaged Goods industry, placing it in the top 17.4%.
Is PPB Group Bhd's Cyclically Adjusted PB Ratio too high?
PPB Group Bhd's current Cyclically Adjusted PB Ratio of 0.48 is 49% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.49. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. PPB Group Bhd's value of 0.48 is 62.1% below this industry median. Based on the distribution chart, PPB Group Bhd ranks #250 out of 1438 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PPB Group Bhd has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PPB Group Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PPB Group Bhd ranks #250 out of 1438 companies for Cyclically Adjusted PB Ratio. This places PPB Group Bhd in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. PPB Group Bhd's value of 0.48 is 62.1% below this benchmark. Historically, PPB Group Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.49 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.27, PPB Group 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 1.27, based on 1,438 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. PPB Group Bhd's current Cyclically Adjusted PB Ratio of 0.48 is 62.1% 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 PPB Group Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPB Group Bhd's current Cyclically Adjusted PB Ratio is 0.48, which is 49% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPB Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, PPB Group Bhd (XKLS:4065) is currently considered Modestly Undervalued. The stock's GF Value™ is RM13.21, compared to a current price of RM9.40 — trading 28.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 49% below median its 10-year median of 0.94 and 62.1% below the Consumer Packaged Goods industry median of 1.27. PPB Group Bhd's overall GF Score™ is 77/100 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 PPB Group Bhd (XKLS:4065), the current Cyclically Adjusted PB Ratio is 0.48 as of Jul. 24, 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 PPB Group Bhd (XKLS:4065) Overvalued in 2026?

Based on GuruFocus' analysis, PPB Group Bhd stock appears to be undervalued. The current stock price of RM9.40 is trading 28.8% below its estimated GF Value™ of RM13.21. GuruFocus considers PPB Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4065:

  • Cyclically Adjusted PB Ratio: 0.48 (49% below median its 10-year median of 0.94)
  • GF Value™: RM13.21 vs. price of RM9.40 (28.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 62.1% below the Consumer Packaged Goods median (#250 of 1438)

No single metric tells the full story. See the XKLS:4065 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PPB Group Bhd Business Description

Address No. 10 Jalan P. Ramlee, 12th Floor, UBN Tower, Kuala Lumpur, SGR, MYS, 50250
PPB Group Bhd is a diversified company working in food and waste management, film distribution, and property development. The company operates flour and animal feed mills, trades grains, and conducts livestock farming across Asia. Its operating segments comprise Grains and agribusiness; Consumer products; Film exhibition and distribution; Property; and Investments and Other Operations. It derives the majority of its revenue from Grains and agribusiness. The Grains and Agribusiness segment comprises flour milling, animal feed manufacturing, and livestock farming.
77GF Score

Get the complete analysis for XKLS:4065

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

RM9.40
Price
RM13.21
GF Value