Malpac Holdings Bhd (XKLS:4936) Cyclically Adjusted PB Ratio: 0.26 (As of Aug. 02, 2026) — 26% Below Median

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XKLS:4936 Malpac Holdings Bhd XKLS:4936
25 GF Score
Price RM0.72
GF Value RM0.82
! 2 Warning Signs
View Full Analysis

What is Malpac Holdings Bhd Cyclically Adjusted PB Ratio?

Malpac Holdings Bhd XKLS:4936 25 Cyclically Adjusted PB Ratio is 0.26 as of Aug. 02, 2026, which is 26% below its 10-year median of 0.35. GuruFocus rates XKLS:4936 with a GF Score™ of 25/100 and a GF Value™ of RM0.82. The stock has 2 warning signs investors should review.

As of today (2026-08-02), Malpac Holdings Bhd's current share price is RM0.72. Malpac Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was RM2.81. Malpac Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.26.

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

XKLS:4936' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.35   Max: 0.55
Current: 0.26

During the past years, Malpac Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.55. The lowest was 0.25. And the median was 0.35.

XKLS:4936's Cyclically Adjusted PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.84 vs XKLS:4936: 0.26

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.

Malpac Holdings Bhd's adjusted book value per share data for the three months ended in Sep. 2025 was RM2.310. 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 RM2.81 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malpac Holdings Bhd  (XKLS:4936) 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.


Malpac Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Malpac Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Malpac 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.

Malpac Holdings Bhd Cyclically Adjusted PB Ratio Chart

Malpac Holdings Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.39 0.29 0.35 0.27

Malpac Holdings Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.30 0.30 0.26 0.27 0.30

XKLS:4936 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Malpac 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.


Malpac Holdings Bhd Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Malpac Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:4936
25GF Score
Malpac Holdings Bhd XKLS:4936
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malpac 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.72/2.81
=0.26

* 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.

Malpac Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Malpac Holdings Bhd's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=2.31/324.8000*324.8000
=2.310

Current CPI (Sep. 2025) = 324.8000.

Malpac Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.535 238.638 3.450
201509 2.497 237.945 3.408
201603 2.510 238.132 3.424
201609 2.493 241.428 3.354
201612 2.470 241.432 3.323
201703 2.520 243.801 3.357
201706 2.441 244.955 3.237
201709 2.425 246.819 3.191
201712 2.408 246.524 3.173
201803 2.415 249.554 3.143
201806 2.395 251.989 3.087
201809 2.371 252.439 3.051
201812 2.222 251.233 2.873
201903 2.238 254.202 2.860
201906 2.222 256.143 2.818
201909 2.218 256.759 2.806
201912 2.223 256.974 2.810
202003 2.179 258.115 2.742
202006 2.198 257.797 2.769
202009 2.244 260.280 2.800
202012 2.295 260.474 2.862
202103 2.367 264.877 2.902
202106 2.297 271.696 2.746
202109 2.326 274.310 2.754
202112 2.279 278.802 2.655
202203 2.284 287.504 2.580
202206 2.266 296.311 2.484
202209 2.239 296.808 2.450
202212 2.317 296.797 2.536
202303 2.320 301.836 2.497
202306 2.302 305.109 2.451
202309 2.315 307.789 2.443
202312 2.311 306.746 2.447
202403 2.352 312.332 2.446
202406 2.425 314.175 2.507
202409 2.418 315.301 2.491
202412 2.312 315.605 2.379
202503 2.328 319.799 2.364
202506 2.292 322.561 2.308
202509 2.310 324.800 2.310

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 0.26 mean?
Malpac Holdings Bhd (XKLS:4936) has a Cyclically Adjusted PB Ratio of 0.26 as of Aug. 02, 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 Malpac Holdings Bhd and its competitors. This is 26% below median its historical median of 0.35. Over the past decade, Malpac Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.55.
Is Malpac Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Malpac Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 26% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.55. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Malpac Holdings Bhd's value of 0.26 is 69% below this industry median. Overall, Malpac Holdings Bhd has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Malpac Holdings Bhd's Cyclically Adjusted PB Ratio compare to BLK and BX?
Malpac Holdings Bhd's Cyclically Adjusted PB Ratio of 0.26 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Malpac Holdings Bhd's value of 0.26 is 69% below this benchmark. Historically, Malpac Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.55 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.84, Malpac 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 998 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. Malpac Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 69% 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 Malpac Holdings Bhd and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malpac Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.26, which is 26% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malpac Holdings Bhd stock overvalued right now?
Malpac Holdings Bhd (XKLS:4936) has a current Cyclically Adjusted PB Ratio of 0.26. The stock's GF Value™ is RM0.82, compared to a current price of RM0.72 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 26% below median its 10-year median of 0.35 and 69% below the Asset Management industry median of 0.84. Malpac Holdings Bhd's overall GF Score™ is 25/100 with 2 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 Malpac Holdings Bhd (XKLS:4936), the current Cyclically Adjusted PB Ratio is 0.26 as of Aug. 02, 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 Malpac Holdings Bhd (XKLS:4936) Overvalued in 2026?

Based on GuruFocus' analysis, Malpac Holdings Bhd stock appears to be undervalued. The current stock price of RM0.72 is trading 12.2% below its estimated GF Value™ of RM0.82.

Key valuation signals for XKLS:4936:

  • Cyclically Adjusted PB Ratio: 0.26 (26% below median its 10-year median of 0.35)
  • GF Value™: RM0.82 vs. price of RM0.72 (12.2% below fair value)
  • GF Score™: 25/100 with 2 warning signs
  • Industry Position: 69% below the Asset Management median

No single metric tells the full story. See the XKLS:4936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malpac Holdings Bhd Business Description

Address No. 23, Jalan Kong Sang, 2nd Floor, Seremban, NSN, MYS, 70000
Malpac Holdings Bhd is an investment holding company. Geographically, the company operates in two main geographical areas, namely Malaysia, and Japan. The majority of its revenue is generated from Malaysia.
25GF Score

Get the complete analysis for XKLS:4936

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

RM0.72
Price
RM0.82
GF Value