Varia Bhd (XKLS:5006) Cyclically Adjusted PB Ratio: 0.78 (As of Sep. 08, 2026) — 14% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:5006 Varia Bhd XKLS:5006
57 GF Score
Price RM0.83
GF Value RM2.86
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Varia Bhd Cyclically Adjusted PB Ratio?

Varia Bhd XKLS:5006 57 Cyclically Adjusted PB Ratio is 0.78 as of Sep. 08, 2026, which is 14% below its 10-year median of 0.91. GuruFocus rates XKLS:5006 with a GF Score™ of 57/100 and a GF Value™ of RM2.86 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,240 Construction companies, Varia Bhd ranks better than 65.65% on this metric.

As of today (2026-09-08), Varia Bhd's current share price is RM0.83. Varia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM1.06. Varia Bhd's Cyclically Adjusted PB Ratio for today is 0.78.

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

XKLS:5006' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.91   Max: 1.28
Current: 0.78

During the past years, Varia Bhd's highest Cyclically Adjusted PB Ratio was 1.28. The lowest was 0.61. And the median was 0.91.

XKLS:5006's Cyclically Adjusted PB Ratio is ranked better than
65.65% of 1240 companies
in the Construction industry
Industry Median: 1.16 vs XKLS:5006: 0.78

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.

Varia Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM1.041. 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 RM1.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Varia Bhd  (XKLS:5006) 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.


Varia Bhd Cyclically Adjusted PB Ratio Related Terms


Varia Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Varia 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.

Varia Bhd Cyclically Adjusted PB Ratio Chart

Varia Bhd Annual Data
Trend Jan15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.99 0.93 0.70 0.81

Varia Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 0.70 0.63 0.80 0.84 0.81

XKLS:5006 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Varia 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.


Varia Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XKLS:5006
57GF Score
Varia Bhd XKLS:5006
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Varia 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.83/1.06
=0.78

* 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.

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

For example, Varia 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)
=1.041/333.9520*333.9520
=1.041

Current CPI (Jun. 2026) = 333.9520.

Varia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.887 241.018 1.229
201609 0.897 241.428 1.241
201612 0.895 241.432 1.238
201703 0.909 243.801 1.245
201706 0.888 244.955 1.211
201709 0.879 246.819 1.189
201712 0.853 246.524 1.156
201803 0.760 249.554 1.017
201806 0.753 251.989 0.998
201809 0.731 252.439 0.967
201812 0.724 251.233 0.962
201903 0.684 254.202 0.899
201906 0.663 256.143 0.864
201909 0.650 256.759 0.845
201912 0.665 256.974 0.864
202003 0.727 258.115 0.941
202006 0.712 257.797 0.922
202009 0.712 260.280 0.914
202012 0.702 260.474 0.900
202103 0.747 264.877 0.942
202106 0.745 271.696 0.916
202109 0.756 274.310 0.920
202112 0.725 278.802 0.868
202203 0.778 287.504 0.904
202206 0.754 296.311 0.850
202209 0.718 296.808 0.808
202212 0.539 296.797 0.606
202303 0.553 301.836 0.612
202306 0.555 305.109 0.607
202309 0.565 307.789 0.613
202312 4.776 306.746 5.200
202406 0.930 314.175 0.989
202409 0.936 315.301 0.991
202412 0.949 315.605 1.004
202503 0.939 319.799 0.981
202506 0.931 322.561 0.964
202509 0.934 324.800 0.960
202512 0.993 324.054 1.023
202603 1.023 330.213 1.035
202606 1.041 333.952 1.041

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 0.78 mean?
Varia Bhd (XKLS:5006) has a Cyclically Adjusted PB Ratio of 0.78 as of Sep. 08, 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 Varia Bhd and its competitors. This is 14% below median its historical median of 0.91. Over the past decade, Varia Bhd's Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.28. According to the industry distribution chart, Varia Bhd ranks #426 out of 1240 companies in the Construction industry, placing it in the top 34.4%.
Is Varia Bhd's Cyclically Adjusted PB Ratio too high?
Varia Bhd's current Cyclically Adjusted PB Ratio of 0.78 is 14% below median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.28. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Varia Bhd's value of 0.78 is 32.8% below this industry median. Based on the distribution chart, Varia Bhd ranks #426 out of 1240 companies in the Construction industry, which is above the industry midpoint. Overall, Varia Bhd has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Varia Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Varia Bhd ranks #426 out of 1240 companies for Cyclically Adjusted PB Ratio. This puts Varia Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Varia Bhd's value of 0.78 is 32.8% below this benchmark. Historically, Varia Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.28 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.16, Varia 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,240 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. Varia Bhd's current Cyclically Adjusted PB Ratio of 0.78 is 32.8% 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 Varia Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varia Bhd's current Cyclically Adjusted PB Ratio is 0.78, which is 14% below median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Varia Bhd (XKLS:5006) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.86, compared to a current price of RM0.83 — trading 71% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 14% below median its 10-year median of 0.91 and 32.8% below the Construction industry median of 1.16. Varia Bhd's overall GF Score™ is 57/100 with 5 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 Varia Bhd (XKLS:5006), the current Cyclically Adjusted PB Ratio is 0.78 as of Sep. 08, 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 Varia Bhd (XKLS:5006) Overvalued in 2026?

Based on GuruFocus' analysis, Varia Bhd stock appears to be undervalued. The current stock price of RM0.83 is trading 71% below its estimated GF Value™ of RM2.86. GuruFocus considers Varia Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5006:

  • Cyclically Adjusted PB Ratio: 0.78 (14% below median its 10-year median of 0.91)
  • GF Value™: RM2.86 vs. price of RM0.83 (71% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 32.8% below the Construction median (#426 of 1240)

No single metric tells the full story. See the XKLS:5006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Varia Bhd Business Description

Address Pusat Dagangan Phileo Damansara 1, No. 9, Jalan 16/11, Off Jalan Damansara, 1105, Block E, Level 11, Petaling Jaya, SGR, MYS, 46350
Varia Bhd formerly Stella Holdings Bhd is an investment holding company. The company's segment includes Investment holding; Construction; Property investment; Property development; and others. It generates maximum revenue from the Construction segment. The Construction segment includes Construction of civil and structural, mechanical and electrical works and project management.
57GF Score

Get the complete analysis for XKLS:5006

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

RM0.83
Price
RM2.86
GF Value