I-Bhd (XKLS:4251) Cyclically Adjusted PB Ratio: 0.23 (As of Aug. 04, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:4251 I-Bhd XKLS:4251
56 GF Score
Price RM0.23
GF Value RM0.42
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is I-Bhd Cyclically Adjusted PB Ratio?

I-Bhd XKLS:4251 56 Cyclically Adjusted PB Ratio is 0.23 as of Aug. 04, 2026, which is 8% below its 10-year median of 0.25. GuruFocus rates XKLS:4251 with a GF Score™ of 56/100 and a GF Value™ of RM0.42 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,414 Real Estate companies, I-Bhd ranks better than 78.85% on this metric.

As of today (2026-08-04), I-Bhd's current share price is RM0.225. I-Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.99. I-Bhd's Cyclically Adjusted PB Ratio for today is 0.23.

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

XKLS:4251' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.25   Max: 0.44
Current: 0.24

During the past years, I-Bhd's highest Cyclically Adjusted PB Ratio was 0.44. The lowest was 0.20. And the median was 0.25.

XKLS:4251's Cyclically Adjusted PB Ratio is ranked better than
78.85% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs XKLS:4251: 0.24

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.

I-Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.677. 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 RM0.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


I-Bhd  (XKLS:4251) 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.


I-Bhd Cyclically Adjusted PB Ratio Related Terms


I-Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for I-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.

I-Bhd Cyclically Adjusted PB Ratio Chart

I-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 0.30 0.29 0.23 0.24 0.28

I-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 0.23 0.24 0.25 0.28 0.24

I-Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, I-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.


I-Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, I-Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:4251
56GF Score
I-Bhd XKLS:4251
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I-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.

I-Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.225/0.99
=0.23

* 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.

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

For example, I-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)
=0.677/330.2130*330.2130
=0.677

Current CPI (Mar. 2026) = 330.2130.

I-Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.841 241.018 1.152
201609 0.840 241.428 1.149
201612 0.892 241.432 1.220
201703 0.872 243.801 1.181
201706 0.889 244.955 1.198
201709 0.889 246.819 1.189
201712 0.930 246.524 1.246
201803 0.961 249.554 1.272
201806 0.982 251.989 1.287
201809 0.966 252.439 1.264
201812 0.998 251.233 1.312
201903 0.969 254.202 1.259
201906 0.978 256.143 1.261
201909 0.965 256.759 1.241
201912 0.924 256.974 1.187
202003 0.904 258.115 1.157
202006 0.904 257.797 1.158
202009 0.900 260.280 1.142
202012 0.913 260.474 1.157
202103 0.926 264.877 1.154
202106 0.925 271.696 1.124
202109 0.928 274.310 1.117
202112 1.004 278.802 1.189
202203 0.898 287.504 1.031
202206 0.900 296.311 1.003
202209 0.559 296.808 0.622
202212 0.629 296.797 0.700
202303 0.630 301.836 0.689
202306 0.631 305.109 0.683
202309 0.632 307.789 0.678
202312 0.634 306.746 0.683
202403 0.636 312.332 0.672
202406 0.639 314.175 0.672
202409 0.644 315.301 0.674
202412 0.648 315.605 0.678
202503 0.653 319.799 0.674
202506 0.659 322.561 0.675
202509 0.667 324.800 0.678
202512 0.672 324.054 0.685
202603 0.677 330.213 0.677

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 0.23 mean?
I-Bhd (XKLS:4251) has a Cyclically Adjusted PB Ratio of 0.23 as of Aug. 04, 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 I-Bhd and its competitors. This is near median its historical median of 0.25. Over the past decade, I-Bhd's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.44. According to the industry distribution chart, I-Bhd ranks #299 out of 1414 companies in the Real Estate industry, placing it in the top 21.1%.
Is I-Bhd's Cyclically Adjusted PB Ratio too high?
I-Bhd's current Cyclically Adjusted PB Ratio of 0.23 is near median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.44. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. I-Bhd's value of 0.23 is 66.7% below this industry median. Based on the distribution chart, I-Bhd ranks #299 out of 1414 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, I-Bhd has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does I-Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, I-Bhd ranks #299 out of 1414 companies for Cyclically Adjusted PB Ratio. This places I-Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. I-Bhd's value of 0.23 is 66.7% below this benchmark. Historically, I-Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.44 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.69, I-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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,414 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. I-Bhd's current Cyclically Adjusted PB Ratio of 0.23 is 66.7% 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 I-Bhd and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. I-Bhd's current Cyclically Adjusted PB Ratio is 0.23, which is near median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I-Bhd stock overvalued right now?
Based on GuruFocus' analysis, I-Bhd (XKLS:4251) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.42, compared to a current price of RM0.23 — trading 46.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.23, which is near median its 10-year median of 0.25 and 66.7% below the Real Estate industry median of 0.69. I-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 I-Bhd (XKLS:4251), the current Cyclically Adjusted PB Ratio is 0.23 as of Aug. 04, 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 I-Bhd (XKLS:4251) Overvalued in 2026?

Based on GuruFocus' analysis, I-Bhd stock appears to be undervalued. The current stock price of RM0.23 is trading 46.4% below its estimated GF Value™ of RM0.42. GuruFocus considers I-Bhd to be Possible Value Trap.

Key valuation signals for XKLS:4251:

  • Cyclically Adjusted PB Ratio: 0.23 (near median its 10-year median of 0.25)
  • GF Value™: RM0.42 vs. price of RM0.23 (46.4% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 66.7% below the Real Estate median (#299 of 1414)

No single metric tells the full story. See the XKLS:4251 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


I-Bhd Business Description

Address i-City, Selangor Golden Triangle, Level 31, Mercu Maybank, Shah Alam, SGR, MYS, 40000
I-Bhd is an investment holding company engaged in offering residential and commercial property development, property investment, promotion, marketing, and management of events, leisure, hotel, and other tourism-related services. Its segments are Property Development, Property Investment, Leisure, and Hospitality. The company's maximum revenue is generated from the Property development segment, which involves the development and sale of residential and commercial properties.
56GF Score

Get the complete analysis for XKLS:4251

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

RM0.23
Price
RM0.42
GF Value