AYS Ventures Bhd (XKLS:5021) Cyclically Adjusted PB Ratio: 0.22 (As of Aug. 07, 2026) — 51% Below 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:5021 AYS Ventures Bhd XKLS:5021
27 GF Score
Price RM0.22
GF Value RM0.27
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is AYS Ventures Bhd Cyclically Adjusted PB Ratio?

AYS Ventures Bhd XKLS:5021 27 Cyclically Adjusted PB Ratio is 0.22 as of Aug. 07, 2026, which is 51% below its 10-year median of 0.45. GuruFocus rates XKLS:5021 with a GF Score™ of 27/100 and a GF Value™ of RM0.27 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 500 Steel companies, AYS Ventures Bhd ranks better than 90.6% on this metric.

As of today (2026-08-07), AYS Ventures Bhd's current share price is RM0.215. AYS Ventures Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.00. AYS Ventures Bhd's Cyclically Adjusted PB Ratio for today is 0.22.

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

XKLS:5021' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.45   Max: 1.09
Current: 0.22

During the past years, AYS Ventures Bhd's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.21. And the median was 0.45.

XKLS:5021's Cyclically Adjusted PB Ratio is ranked better than
90.6% of 500 companies
in the Steel industry
Industry Median: 0.9 vs XKLS:5021: 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.

AYS Ventures Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.098. 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 RM1.00 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AYS Ventures Bhd  (XKLS:5021) 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.


AYS Ventures Bhd Cyclically Adjusted PB Ratio Related Terms


AYS Ventures Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AYS Ventures 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.

AYS Ventures Bhd Cyclically Adjusted PB Ratio Chart

AYS Ventures Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.47 0.40 0.27 0.21

AYS Ventures 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 0.27 0.26 0.28 0.24 0.21

XKLS:5021 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, AYS Ventures 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.


AYS Ventures Bhd Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, AYS Ventures Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5021
27GF Score
AYS Ventures Bhd XKLS:5021
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AYS Ventures 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.215/1.00
=0.22

* 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.

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

For example, AYS Ventures 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)
=1.098/330.2130*330.2130
=1.098

Current CPI (Mar. 2026) = 330.2130.

AYS Ventures Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.593 241.018 0.812
201609 0.607 241.428 0.830
201612 0.607 241.432 0.830
201703 0.623 243.801 0.844
201706 0.639 244.955 0.861
201709 0.646 246.819 0.864
201712 0.667 246.524 0.893
201803 0.688 249.554 0.910
201806 0.704 251.989 0.923
201809 0.713 252.439 0.933
201812 0.719 251.233 0.945
201903 0.719 254.202 0.934
201906 0.722 256.143 0.931
201909 0.711 256.759 0.914
201912 0.689 256.974 0.885
202003 0.680 258.115 0.870
202006 0.662 257.797 0.848
202009 0.662 260.280 0.840
202012 0.685 260.474 0.868
202103 0.729 264.877 0.909
202106 0.815 271.696 0.991
202109 0.880 274.310 1.059
202112 0.904 278.802 1.071
202203 0.944 287.504 1.084
202206 0.998 296.311 1.112
202209 1.019 296.808 1.134
202212 0.999 296.797 1.111
202303 1.060 301.836 1.160
202306 1.083 305.109 1.172
202309 1.090 307.789 1.169
202312 1.084 306.746 1.167
202403 1.097 312.332 1.160
202406 1.082 314.175 1.137
202409 1.063 315.301 1.113
202412 1.054 315.605 1.103
202503 1.069 319.799 1.104
202506 1.073 322.561 1.098
202509 1.052 324.800 1.070
202512 1.056 324.054 1.076
202603 1.098 330.213 1.098

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 0.22 mean?
AYS Ventures Bhd (XKLS:5021) has a Cyclically Adjusted PB Ratio of 0.22 as of Aug. 07, 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 AYS Ventures Bhd and its competitors. This is 51% below median its historical median of 0.45. Over the past decade, AYS Ventures Bhd's Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.09. According to the industry distribution chart, AYS Ventures Bhd ranks #47 out of 500 companies in the Steel industry, placing it in the top 9.4%.
Is AYS Ventures Bhd's Cyclically Adjusted PB Ratio too high?
AYS Ventures Bhd's current Cyclically Adjusted PB Ratio of 0.22 is 51% below median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.09. The Steel industry median Cyclically Adjusted PB Ratio is 0.90. AYS Ventures Bhd's value of 0.22 is 75.6% below this industry median. Based on the distribution chart, AYS Ventures Bhd ranks #47 out of 500 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, AYS Ventures Bhd has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AYS Ventures Bhd's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, AYS Ventures Bhd ranks #47 out of 500 companies for Cyclically Adjusted PB Ratio. This places AYS Ventures Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.90. AYS Ventures Bhd's value of 0.22 is 75.6% below this benchmark. Historically, AYS Ventures Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.09 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.90, AYS Ventures 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.90, based on 500 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. AYS Ventures Bhd's current Cyclically Adjusted PB Ratio of 0.22 is 75.6% 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 AYS Ventures Bhd and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AYS Ventures Bhd's current Cyclically Adjusted PB Ratio is 0.22, which is 51% below median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AYS Ventures Bhd stock overvalued right now?
Based on GuruFocus' analysis, AYS Ventures Bhd (XKLS:5021) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.27, compared to a current price of RM0.22 — trading 20.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is 51% below median its 10-year median of 0.45 and 75.6% below the Steel industry median of 0.90. AYS Ventures Bhd's overall GF Score™ is 27/100 with 8 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 AYS Ventures Bhd (XKLS:5021), the current Cyclically Adjusted PB Ratio is 0.22 as of Aug. 07, 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 AYS Ventures Bhd (XKLS:5021) Overvalued in 2026?

Based on GuruFocus' analysis, AYS Ventures Bhd stock appears to be undervalued. The current stock price of RM0.22 is trading 20.4% below its estimated GF Value™ of RM0.27. GuruFocus considers AYS Ventures Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5021:

  • Cyclically Adjusted PB Ratio: 0.22 (51% below median its 10-year median of 0.45)
  • GF Value™: RM0.27 vs. price of RM0.22 (20.4% below fair value)
  • GF Score™: 27/100 with 8 warning signs
  • Industry Position: 75.6% below the Steel median (#47 of 500)

No single metric tells the full story. See the XKLS:5021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AYS Ventures Bhd Business Description

Address Jalan Haji Abdul Manan, Lot 6488, Klang, SGR, MYS, 42100
AYS Ventures Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the trading and manufacturing of steel, construction, and related products. The group's operating business segments are Trading and services, Manufacturing, and Others. The majority of its revenue is generated from the Trading and services segment, which is engaged in trading and marketing of steel products and all types of construction materials, warehousing, and storage services. The Manufacturing segment is involved in the manufacturing and trading of purlin, structural steel components, and other steel products. Geographically, the group generates maximum revenue from Malaysia, followed by Singapore, the Asia-Pacific Economic Cooperation countries, and other countries.
27GF Score

Get the complete analysis for XKLS:5021

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

RM0.22
Price
RM0.27
GF Value