Jaya Tiasa Holdings Bhd (XKLS:4383) Cyclically Adjusted PB Ratio: 0.60 (As of Sep. 10, 2026) — 22% Above 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:4383 Jaya Tiasa Holdings Bhd XKLS:4383
79 GF Score
Price RM1.06
GF Value RM1.22
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Jaya Tiasa Holdings Bhd Cyclically Adjusted PB Ratio?

Jaya Tiasa Holdings Bhd XKLS:4383 +0.95% 79 Cyclically Adjusted PB Ratio is 0.60 as of Sep. 10, 2026, which is 22% above its 10-year median of 0.49. GuruFocus rates XKLS:4383 with a GF Score™ of 79/100 and a GF Value™ of RM1.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,270 Consumer Packaged Goods companies, Jaya Tiasa Holdings Bhd ranks better than 78.27% on this metric.

As of today (2026-09-10), Jaya Tiasa Holdings Bhd's current share price is RM1.06. Jaya Tiasa Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM1.78. Jaya Tiasa Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.60.

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

XKLS:4383' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.49   Max: 0.79
Current: 0.6

During the past years, Jaya Tiasa Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.23. And the median was 0.49.

XKLS:4383's Cyclically Adjusted PB Ratio is ranked better than
78.27% of 1270 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs XKLS:4383: 0.60

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.

Jaya Tiasa Holdings Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM1.689. 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 RM1.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jaya Tiasa Holdings Bhd  (XKLS:4383) 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.


Jaya Tiasa Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Jaya Tiasa Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jaya Tiasa 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.

Jaya Tiasa Holdings Bhd Cyclically Adjusted PB Ratio Chart

Jaya Tiasa Holdings Bhd Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.37 0.59 0.61 0.59

Jaya Tiasa Holdings 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 0.61 0.67 0.59 0.68 0.59

XKLS:4383 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Jaya Tiasa 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.


Jaya Tiasa Holdings Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:4383
79GF Score
Jaya Tiasa Holdings Bhd XKLS:4383
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jaya Tiasa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.06/1.78
=0.60

* 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.

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

For example, Jaya Tiasa Holdings 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)
=1.689/333.9520*333.9520
=1.689

Current CPI (Jun. 2026) = 333.9520.

Jaya Tiasa Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.893 241.428 2.618
201612 1.899 241.432 2.627
201703 1.927 243.801 2.640
201706 1.579 244.955 2.153
201709 1.890 246.819 2.557
201712 1.897 246.524 2.570
201803 1.847 249.554 2.472
201806 1.507 251.989 1.997
201809 1.467 252.439 1.941
201812 1.391 251.233 1.849
201903 1.267 254.202 1.664
201906 1.209 256.143 1.576
201909 1.216 256.759 1.582
201912 1.252 256.974 1.627
202003 1.168 258.115 1.511
202006 1.147 257.797 1.486
202009 1.180 260.280 1.514
202012 1.189 260.474 1.524
202103 1.159 264.877 1.461
202106 1.178 271.696 1.448
202109 1.203 274.310 1.465
202112 1.255 278.802 1.503
202203 1.276 287.504 1.482
202206 1.313 296.311 1.480
202209 1.317 296.808 1.482
202212 1.371 296.797 1.543
202303 1.365 301.836 1.510
202306 1.425 305.109 1.560
202309 1.477 307.789 1.603
202312 1.527 306.746 1.662
202403 1.519 312.332 1.624
202406 1.521 314.175 1.617
202409 1.561 315.301 1.653
202412 1.639 315.605 1.734
202503 1.649 319.799 1.722
202506 1.633 322.561 1.691
202509 1.656 324.800 1.703
202512 1.722 324.054 1.775
202603 1.694 330.213 1.713
202606 1.689 333.952 1.689

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 0.60 mean?
Jaya Tiasa Holdings Bhd (XKLS:4383) has a Cyclically Adjusted PB Ratio of 0.60 as of Sep. 10, 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 Jaya Tiasa Holdings Bhd and its competitors. This is 22% above median its historical median of 0.49. Over the past decade, Jaya Tiasa Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.79. According to the industry distribution chart, Jaya Tiasa Holdings Bhd ranks #276 out of 1270 companies in the Consumer Packaged Goods industry, placing it in the top 21.7%.
Is Jaya Tiasa Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Jaya Tiasa Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.60 is 22% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.79. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Jaya Tiasa Holdings Bhd's value of 0.60 is 52.8% below this industry median. Based on the distribution chart, Jaya Tiasa Holdings Bhd ranks #276 out of 1270 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Jaya Tiasa Holdings Bhd has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jaya Tiasa Holdings Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Jaya Tiasa Holdings Bhd ranks #276 out of 1270 companies for Cyclically Adjusted PB Ratio. This places Jaya Tiasa Holdings Bhd in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Jaya Tiasa Holdings Bhd's value of 0.60 is 52.8% below this benchmark. Historically, Jaya Tiasa Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.79 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 1.27, Jaya Tiasa 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,270 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. Jaya Tiasa Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.60 is 52.8% 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 Jaya Tiasa Holdings 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. Jaya Tiasa Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.60, which is 22% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jaya Tiasa Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Jaya Tiasa Holdings Bhd (XKLS:4383) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.22, compared to a current price of RM1.06 — trading 13.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is 22% above median its 10-year median of 0.49 and 52.8% below the Consumer Packaged Goods industry median of 1.27. Jaya Tiasa Holdings Bhd's overall GF Score™ is 79/100 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 Jaya Tiasa Holdings Bhd (XKLS:4383), the current Cyclically Adjusted PB Ratio is 0.60 as of Sep. 10, 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 Jaya Tiasa Holdings Bhd (XKLS:4383) Overvalued in 2026?

Based on GuruFocus' analysis, Jaya Tiasa Holdings Bhd stock appears to be undervalued. The current stock price of RM1.06 is trading 13.1% below its estimated GF Value™ of RM1.22. GuruFocus considers Jaya Tiasa Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4383:

  • Cyclically Adjusted PB Ratio: 0.60 (22% above median its 10-year median of 0.49)
  • GF Value™: RM1.22 vs. price of RM1.06 (13.1% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 52.8% below the Consumer Packaged Goods median (#276 of 1270)

No single metric tells the full story. See the XKLS:4383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jaya Tiasa Holdings Bhd Business Description

Address No.1-9, Pusat Suria Permata, Lorong Upper Lanang 10A, Sibu, SWK, MYS, 96000
Jaya Tiasa Holdings Bhd is an investment holding company engaged in the development of oil palm plantations. The group's business activities are divided into several segments, including oil palm, oil mill, timber, and others. Through its subsidiaries, the company manufactures products such as sawn timber, blockboard, plywood, veneer, and related items. Additionally, the firm provides air transportation services and continues to develop oil palm plantations. The majority of the group's revenue is derived from its oil mill operations.
79GF Score

Get the complete analysis for XKLS:4383

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

RM1.06
Price
RM1.22
GF Value