Melati Ehsan Holdings Bhd (XKLS:5129) Cyclically Adjusted PB Ratio: 0.21 (As of Aug. 03, 2026) — 22% 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:5129 Melati Ehsan Holdings Bhd XKLS:5129
55 GF Score
Price RM0.49
GF Value RM1.84
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Melati Ehsan Holdings Bhd Cyclically Adjusted PB Ratio?

Melati Ehsan Holdings Bhd XKLS:5129 55 Cyclically Adjusted PB Ratio is 0.21 as of Aug. 03, 2026, which is 22% below its 10-year median of 0.27. GuruFocus rates XKLS:5129 with a GF Score™ of 55/100 and a GF Value™ of RM1.84 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,345 Construction companies, Melati Ehsan Holdings Bhd ranks better than 93.16% on this metric.

As of today (2026-08-03), Melati Ehsan Holdings Bhd's current share price is RM0.49. Melati Ehsan Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was RM2.31. Melati Ehsan Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.21.

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

XKLS:5129' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.27   Max: 0.37
Current: 0.21

During the past years, Melati Ehsan Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.37. The lowest was 0.15. And the median was 0.27.

XKLS:5129's Cyclically Adjusted PB Ratio is ranked better than
93.16% of 1345 companies
in the Construction industry
Industry Median: 1.14 vs XKLS:5129: 0.21

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.

Melati Ehsan Holdings Bhd's adjusted book value per share data for the three months ended in May. 2026 was RM2.177. 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 RM2.31 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melati Ehsan Holdings Bhd  (XKLS:5129) 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.


Melati Ehsan Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Melati Ehsan Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Melati Ehsan 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.

Melati Ehsan Holdings Bhd Cyclically Adjusted PB Ratio Chart

Melati Ehsan Holdings Bhd Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.28 0.25 0.26 0.23

Melati Ehsan Holdings Bhd Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.25 0.23 0.23 0.23 0.22

XKLS:5129 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Melati Ehsan 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.


Melati Ehsan Holdings Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XKLS:5129
55GF Score
Melati Ehsan Holdings Bhd XKLS:5129
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melati Ehsan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.49/2.31
=0.21

* 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.

Melati Ehsan Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Melati Ehsan Holdings Bhd's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=2.177/335.1230*335.1230
=2.177

Current CPI (May. 2026) = 335.1230.

Melati Ehsan Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201608 1.756 240.849 2.443
201611 1.760 241.353 2.444
201702 1.765 243.603 2.428
201705 1.752 244.733 2.399
201708 1.765 245.519 2.409
201711 1.764 246.669 2.397
201802 1.768 248.991 2.380
201805 1.763 251.588 2.348
201808 1.764 252.146 2.345
201811 1.787 252.038 2.376
201902 1.782 252.776 2.363
201905 1.775 256.092 2.323
201908 1.777 256.558 2.321
201911 1.785 257.208 2.326
202002 1.798 258.678 2.329
202005 1.779 256.394 2.325
202008 1.790 259.918 2.308
202011 1.808 260.229 2.328
202102 1.823 263.014 2.323
202105 1.819 269.195 2.264
202108 1.822 273.567 2.232
202111 1.842 277.948 2.221
202202 1.857 283.716 2.193
202205 1.971 292.296 2.260
202208 1.980 296.171 2.240
202211 2.004 297.711 2.256
202302 2.035 300.840 2.267
202305 2.107 304.127 2.322
202308 2.118 307.026 2.312
202311 2.120 307.051 2.314
202402 2.121 310.326 2.290
202405 2.113 314.069 2.255
202408 2.179 314.796 2.320
202411 2.180 315.493 2.316
202502 2.183 319.082 2.293
202505 2.175 321.465 2.267
202508 2.182 323.976 2.257
202511 2.183 324.122 2.257
202602 2.185 326.785 2.241
202605 2.177 335.123 2.177

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 0.21 mean?
Melati Ehsan Holdings Bhd (XKLS:5129) has a Cyclically Adjusted PB Ratio of 0.21 as of Aug. 03, 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 Melati Ehsan Holdings Bhd and its competitors. This is 22% below median its historical median of 0.27. Over the past decade, Melati Ehsan Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.37. According to the industry distribution chart, Melati Ehsan Holdings Bhd ranks #92 out of 1345 companies in the Construction industry, placing it in the top 6.8%.
Is Melati Ehsan Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Melati Ehsan Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 22% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.37. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Melati Ehsan Holdings Bhd's value of 0.21 is 81.6% below this industry median. Based on the distribution chart, Melati Ehsan Holdings Bhd ranks #92 out of 1345 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Melati Ehsan Holdings Bhd has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melati Ehsan Holdings Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Melati Ehsan Holdings Bhd ranks #92 out of 1345 companies for Cyclically Adjusted PB Ratio. This places Melati Ehsan Holdings Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.14. Melati Ehsan Holdings Bhd's value of 0.21 is 81.6% below this benchmark. Historically, Melati Ehsan Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.37 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.14, Melati Ehsan 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 a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,345 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. Melati Ehsan Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 81.6% 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 Melati Ehsan Holdings Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melati Ehsan Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.21, which is 22% below median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melati Ehsan Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Melati Ehsan Holdings Bhd (XKLS:5129) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.84, compared to a current price of RM0.49 — trading 73.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 22% below median its 10-year median of 0.27 and 81.6% below the Construction industry median of 1.14. Melati Ehsan Holdings Bhd's overall GF Score™ is 55/100 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 Melati Ehsan Holdings Bhd (XKLS:5129), the current Cyclically Adjusted PB Ratio is 0.21 as of Aug. 03, 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 Melati Ehsan Holdings Bhd (XKLS:5129) Overvalued in 2026?

Based on GuruFocus' analysis, Melati Ehsan Holdings Bhd stock appears to be undervalued. The current stock price of RM0.49 is trading 73.4% below its estimated GF Value™ of RM1.84. GuruFocus considers Melati Ehsan Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5129:

  • Cyclically Adjusted PB Ratio: 0.21 (22% below median its 10-year median of 0.27)
  • GF Value™: RM1.84 vs. price of RM0.49 (73.4% below fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 81.6% below the Construction median (#92 of 1345)

No single metric tells the full story. See the XKLS:5129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melati Ehsan Holdings Bhd Business Description

Address No. 5, Jalan Titiwangsa, Kuala Lumpur, SGR, MYS, 53200
Melati Ehsan Holdings Bhd is a Malaysia-based investment holding company. The principal activities of the company include turnkey contracting, property development, trading of construction materials, rental of machinery, and money-lending services. The Group's reporting segments comprise the Construction segment, which includes turnkey construction activities; the Trading segment, which includes the trading of construction materials and rental of machinery; and the Property Development segment, which relates to the development of residential and commercial properties. The company operates principally in Malaysia and generates the majority of its revenue from the Construction segment.
55GF Score

Get the complete analysis for XKLS:5129

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

RM0.49
Price
RM1.84
GF Value