Jaks Resources Bhd (XKLS:4723) Cyclically Adjusted PB Ratio : 0.23 (As of Jun. 20, 2024)

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What is Jaks Resources Bhd Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Jaks Resources Bhd's current share price is RM0.185. Jaks Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM0.80. Jaks Resources Bhd's Cyclically Adjusted PB Ratio for today is 0.23.

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

XKLS:4723' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 1.14
Current: 0.22

During the past years, Jaks Resources Bhd's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.16. And the median was 0.34.

XKLS:4723's Cyclically Adjusted PB Ratio is ranked better than
92.72% of 1277 companies
in the Construction industry
Industry Median: 1.09 vs XKLS:4723: 0.22

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.

Jaks Resources Bhd's adjusted book value per share data for the three months ended in Dec. 2023 was RM0.624. 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 RM0.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Jaks Resources Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jaks Resources 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.

* Premium members only.

Jaks Resources Bhd Cyclically Adjusted PB Ratio Chart

Jaks Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.01

0.53

0.30

0.23

Jaks Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.30	0.24	0.22	0.26	0.23

Competitive Comparison of Jaks Resources Bhd's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Jaks Resources 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.

Jaks Resources Bhd's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jaks Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Jaks Resources 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.

Jaks Resources Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.185	/	0.8
	=	0.23

Jaks Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Jaks Resources Bhd's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	0.624	/	129.4194	*	129.4194
	=	0.624

Current CPI (Dec. 2023) = 129.4194.

Jaks Resources Bhd Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	0.548	99.695	0.711
201406	0.553	100.560	0.712
201409	0.556	100.428	0.717
201412	0.565	99.070	0.738
201503	0.568	99.621	0.738
201506	0.572	100.684	0.735
201509	0.580	100.392	0.748
201512	0.616	99.792	0.799
201603	0.617	100.470	0.795
201606	0.629	101.688	0.801
201609	0.587	101.861	0.746
201612	0.575	101.863	0.731
201703	0.639	102.862	0.804
201706	0.646	103.349	0.809
201709	0.655	104.136	0.814
201712	0.763	104.011	0.949
201803	0.775	105.290	0.953
201806	0.790	106.317	0.962
201809	0.791	106.507	0.961
201812	0.807	105.998	0.985
201903	0.796	107.251	0.961
201906	0.791	108.070	0.947
201909	0.814	108.329	0.972
201912	0.819	108.420	0.978
202003	0.803	108.902	0.954
202006	0.811	108.767	0.965
202009	0.830	109.815	0.978
202012	0.652	109.897	0.768
202103	0.663	111.754	0.768
202106	0.590	114.631	0.666
202109	0.666	115.734	0.745
202112	0.656	117.630	0.722
202203	0.667	121.301	0.712
202206	0.674	125.017	0.698
202209	0.675	125.227	0.698
202212	0.675	125.222	0.698
202303	0.682	127.348	0.693
202306	0.661	128.729	0.665
202309	0.633	129.860	0.631
202312	0.624	129.419	0.624

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.

Jaks Resources Bhd (XKLS:4723) 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.

Jaks Resources Bhd Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Jaks Resources Bhd's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Jaks Resources Bhd (XKLS:4723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jaks Resources Bhd (XKLS:4723) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

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Address

Jalan 13/6, Pacific Towers, Unit B-09-28, Tower B, Section 13, Petaling Jaya, SGR, MYS, 46200

Website

https://www.jaks.com.my

Jaks Resources Bhd is an investment holding company. It is organized into five segments: Manufacturing segment, which comprises mainly manufacturing of pipes; Trading segment comprising trading in sheet piles, steel bars, mild steel, and special pipes, other steel related products, building materials, and supply of products for water supply industry; Construction segment, which is the key revenue driver, mainly includes the provision of sub-contracting activities, general contractor, supplier of building materials and others; Property Development and Property Investment segment engaged in the development of residential and commercial properties and management of development shopping mall; and Others. Its geographical segments include Malaysia and Vietnam.

Jaks Resources Bhd (XKLS:4723) Headlines

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