Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Cyclically Adjusted PB Ratio: 0.13 (As of Jul. 27, 2026) — 32% Below Median

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XKLS:5098 Malaysia Steel Works (KL) Bhd Shs XKLS:5098
39 GF Score
Price RM0.22
GF Value RM0.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PB Ratio?

Malaysia Steel Works (KL) Bhd Shs XKLS:5098 -4.44% 39 Cyclically Adjusted PB Ratio is 0.13 as of Jul. 27, 2026, which is 32% below its 10-year median of 0.19. GuruFocus rates XKLS:5098 with a GF Score™ of 39/100 and a GF Value™ of RM0.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 510 Steel companies, Malaysia Steel Works (KL) Bhd Shs ranks better than 96.27% on this metric.

As of today (2026-07-27), Malaysia Steel Works (KL) Bhd Shs's current share price is RM0.215. Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.67. Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PB Ratio for today is 0.13.

The historical rank and industry rank for Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:5098' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.19   Max: 0.49
Current: 0.13

During the past years, Malaysia Steel Works (KL) Bhd Shs's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.13. And the median was 0.19.

XKLS:5098's Cyclically Adjusted PB Ratio is ranked better than
96.27% of 510 companies
in the Steel industry
Industry Median: 0.925 vs XKLS:5098: 0.13

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.

Malaysia Steel Works (KL) Bhd Shs's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.332. 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 RM1.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malaysia Steel Works (KL) Bhd Shs  (XKLS:5098) 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.


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PB Ratio Related Terms


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Malaysia Steel Works (KL) Bhd Shs'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.

Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PB Ratio Chart

Malaysia Steel Works (KL) Bhd Shs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.23 0.20 0.19 0.18

Malaysia Steel Works (KL) Bhd Shs 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 0.14 0.14 0.16 0.18 0.15

XKLS:5098 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Malaysia Steel Works (KL) Bhd Shs'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.


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PB Ratio falls into.


XKLS:5098
39GF Score
Malaysia Steel Works (KL) Bhd Shs XKLS:5098
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Steel Works (KL) Bhd Shs 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.

Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.215/1.67
=0.13

* 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.

Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Malaysia Steel Works (KL) Bhd Shs'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)
=1.332/330.2130*330.2130
=1.332

Current CPI (Mar. 2026) = 330.2130.

Malaysia Steel Works (KL) Bhd Shs Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.329 241.018 1.821
201609 1.332 241.428 1.822
201612 1.344 241.432 1.838
201703 1.379 243.801 1.868
201706 1.405 244.955 1.894
201709 1.448 246.819 1.937
201712 1.465 246.524 1.962
201803 1.499 249.554 1.983
201806 1.517 251.989 1.988
201809 1.522 252.439 1.991
201812 1.467 251.233 1.928
201903 1.448 254.202 1.881
201906 1.425 256.143 1.837
201909 1.618 256.759 2.081
201912 1.591 256.974 2.044
202003 1.542 258.115 1.973
202006 1.495 257.797 1.915
202009 1.503 260.280 1.907
202012 1.520 260.474 1.927
202103 1.538 264.877 1.917
202106 1.553 271.696 1.887
202109 1.057 274.310 1.272
202112 1.244 278.802 1.473
202203 1.264 287.504 1.452
202206 1.266 296.311 1.411
202209 1.270 296.808 1.413
202212 1.274 296.797 1.417
202303 1.275 301.836 1.395
202306 1.277 305.109 1.382
202309 1.280 307.789 1.373
202312 1.278 306.746 1.376
202403 1.277 312.332 1.350
202406 1.283 314.175 1.348
202409 1.288 315.301 1.349
202412 1.402 315.605 1.467
202503 1.402 319.799 1.448
202506 1.404 322.561 1.437
202509 1.324 324.800 1.346
202512 1.330 324.054 1.355
202603 1.332 330.213 1.332

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 0.13 mean?
Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) has a Cyclically Adjusted PB Ratio of 0.13 as of Jul. 27, 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 Malaysia Steel Works (KL) Bhd Shs and its competitors. This is 32% below median its historical median of 0.19. Over the past decade, Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.49. According to the industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #19 out of 510 companies in the Steel industry, placing it in the top 3.7%.
Is Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PB Ratio too high?
Malaysia Steel Works (KL) Bhd Shs' current Cyclically Adjusted PB Ratio of 0.13 is 32% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.49. The Steel industry median Cyclically Adjusted PB Ratio is 0.93. Malaysia Steel Works (KL) Bhd Shs' value of 0.13 is 85.9% below this industry median. Based on the distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #19 out of 510 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Steel Works (KL) Bhd Shs has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #19 out of 510 companies for Cyclically Adjusted PB Ratio. This places Malaysia Steel Works (KL) Bhd Shs in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.93. Malaysia Steel Works (KL) Bhd Shs' value of 0.13 is 85.9% below this benchmark. Historically, Malaysia Steel Works (KL) Bhd Shs' own Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.49 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.93, Malaysia Steel Works (KL) Bhd Shs 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 0.93, based on 510 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. Malaysia Steel Works (KL) Bhd Shs's current Cyclically Adjusted PB Ratio of 0.13 is 85.9% 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 Malaysia Steel Works (KL) Bhd Shs and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malaysia Steel Works (KL) Bhd Shs's current Cyclically Adjusted PB Ratio is 0.13, which is 32% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Steel Works (KL) Bhd Shs stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.40, compared to a current price of RM0.22 — trading 46.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.13, which is 32% below median its 10-year median of 0.19 and 85.9% below the Steel industry median of 0.93. Malaysia Steel Works (KL) Bhd Shs' overall GF Score™ is 39/100 with 7 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098), the current Cyclically Adjusted PB Ratio is 0.13 as of Jul. 27, 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs stock appears to be undervalued. The current stock price of RM0.22 is trading 46.3% below its estimated GF Value™ of RM0.40. GuruFocus considers Malaysia Steel Works (KL) Bhd Shs to be Possible Value Trap.

Key valuation signals for XKLS:5098:

  • Cyclically Adjusted PB Ratio: 0.13 (32% below median its 10-year median of 0.19)
  • GF Value™: RM0.40 vs. price of RM0.22 (46.3% below fair value)
  • GF Score™: 39/100 with 7 warning signs
  • Industry Position: 85.9% below the Steel median (#19 of 510)

No single metric tells the full story. See the XKLS:5098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysia Steel Works (KL) Bhd Shs Business Description

Address Wisma Masteel, Lot 29C, Off Jalan Tandang, Section 51, Petaling Jaya, SGR, MYS, 46050
Malaysia Steel Works (KL) Bhd Shs engages in the manufacturing and marketing of high tensile steel bars, mild steel bars, and prime steel billets. These steel products are used in construction and infrastructure works. The company is organized in one business segment which is the Manufacturing of steel bars and billets. Geographically, the group has a business presence in Malaysia and Outside Malaysia, of which prime revenue is derived from Malaysia.
39GF Score

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

RM0.22
Price
RM0.40
GF Value