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Hiap Teck Venture Bhd (XKLS:5072) Cyclically Adjusted PB Ratio : 0.32 (As of May. 04, 2025)


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What is Hiap Teck Venture Bhd Cyclically Adjusted PB Ratio?

As of today (2025-05-04), Hiap Teck Venture Bhd's current share price is RM0.28. Hiap Teck Venture Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was RM0.87. Hiap Teck Venture Bhd's Cyclically Adjusted PB Ratio for today is 0.32.

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

XKLS:5072' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.38   Max: 0.65
Current: 0.32

During the past years, Hiap Teck Venture Bhd's highest Cyclically Adjusted PB Ratio was 0.65. The lowest was 0.15. And the median was 0.38.

XKLS:5072's Cyclically Adjusted PB Ratio is ranked better than
82.71% of 428 companies
in the Steel industry
Industry Median: 0.795 vs XKLS:5072: 0.32

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.

Hiap Teck Venture Bhd's adjusted book value per share data for the three months ended in Jan. 2025 was RM0.821. 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 RM0.87 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiap Teck Venture Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hiap Teck Venture 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.

Hiap Teck Venture Bhd Cyclically Adjusted PB Ratio Chart

Hiap Teck Venture Bhd Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.48 0.28 0.35 0.47

Hiap Teck Venture Bhd Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 0.40 0.43 0.47 0.34 0.38

Competitive Comparison of Hiap Teck Venture Bhd's Cyclically Adjusted PB Ratio

For the Steel subindustry, Hiap Teck Venture 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.


Hiap Teck Venture Bhd's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

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

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


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Hiap Teck Venture 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.

Hiap Teck Venture Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.28/0.87
=0.32

* 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.

Hiap Teck Venture Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, Hiap Teck Venture Bhd's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=0.821/134.0288*134.0288
=0.821

Current CPI (Jan. 2025) = 134.0288.

Hiap Teck Venture Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201504 1.319 99.824 1.771
201507 1.223 100.691 1.628
201510 1.171 100.346 1.564
201601 0.631 99.957 0.846
201604 0.639 100.947 0.848
201607 0.711 101.524 0.939
201610 0.711 101.988 0.934
201701 0.708 102.456 0.926
201704 0.729 103.167 0.947
201707 0.619 103.278 0.803
201710 0.627 104.070 0.807
201801 0.646 104.578 0.828
201804 0.643 105.708 0.815
201807 0.629 106.324 0.793
201810 0.633 106.695 0.795
201901 0.624 106.200 0.788
201904 0.618 107.818 0.768
201907 0.645 108.250 0.799
201910 0.642 108.577 0.792
202001 0.631 108.841 0.777
202004 0.634 108.173 0.786
202007 0.636 109.318 0.780
202010 0.634 109.861 0.773
202101 0.646 110.364 0.785
202104 0.691 112.673 0.822
202107 0.653 115.183 0.760
202110 0.668 116.696 0.767
202201 0.699 118.619 0.790
202204 0.716 121.978 0.787
202207 0.730 125.002 0.783
202210 0.702 125.734 0.748
202301 0.705 126.223 0.749
202304 0.714 127.992 0.748
202307 0.738 128.974 0.767
202310 0.733 129.810 0.757
202401 0.740 130.124 0.762
202404 0.767 132.289 0.777
202407 0.794 132.708 0.802
202410 0.814 133.182 0.819
202501 0.821 134.029 0.821

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.


Hiap Teck Venture Bhd  (XKLS:5072) 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.


Hiap Teck Venture Bhd Cyclically Adjusted PB Ratio Related Terms

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


Hiap Teck Venture Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050
Hiap Teck Venture Bhd is a Malaysia-based company. It has six segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore; and Selling of Elecricity. It generates a vast majority of the revenues from the Trading segment.

Hiap Teck Venture Bhd Headlines

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