Hap Seng Plantations Holdings Bhd (XKLS:5138) Cyclically Adjusted PB Ratio: 0.93 (As of Sep. 13, 2026) — 27% Above Median

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XKLS:5138 Hap Seng Plantations Holdings Bhd XKLS:5138
72 GF Score
Price RM2.57
GF Value RM2.15
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio?

Hap Seng Plantations Holdings Bhd XKLS:5138 -2.28% 72 Cyclically Adjusted PB Ratio is 0.93 as of Sep. 13, 2026, which is 27% above its 10-year median of 0.73. GuruFocus rates XKLS:5138 with a GF Score™ of 72/100 and a GF Value™ of RM2.15 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Hap Seng Plantations Holdings Bhd ranks better than 61.51% on this metric.

As of today (2026-09-13), Hap Seng Plantations Holdings Bhd's current share price is RM2.57. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM2.77. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.93.

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

XKLS:5138' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.73   Max: 1.23
Current: 0.93

During the past years, Hap Seng Plantations Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.62. And the median was 0.73.

XKLS:5138's Cyclically Adjusted PB Ratio is ranked better than
61.51% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs XKLS:5138: 0.93

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.

Hap Seng Plantations Holdings Bhd's adjusted book value per share data for the three months ended in Jun. 2026 was RM2.661. 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 RM2.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hap Seng Plantations Holdings Bhd  (XKLS:5138) 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.


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hap Seng Plantations 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.

Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Chart

Hap Seng Plantations Holdings Bhd 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 0.76 0.72 0.63 0.73 0.80

Hap Seng Plantations Holdings Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.65 0.73 0.80 0.86 0.84

XKLS:5138 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Hap Seng Plantations 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.


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:5138
72GF Score
Hap Seng Plantations Holdings Bhd XKLS:5138
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hap Seng Plantations 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.

Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.57/2.77
=0.93

* 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.

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

For example, Hap Seng Plantations Holdings 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)
=2.661/333.9520*333.9520
=2.661

Current CPI (Jun. 2026) = 333.9520.

Hap Seng Plantations Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.495 241.428 3.451
201612 2.081 241.432 2.878
201703 2.514 243.801 3.444
201706 2.550 244.955 3.476
201709 2.532 246.819 3.426
201712 2.087 246.524 2.827
201803 2.042 249.554 2.733
201806 2.046 251.989 2.711
201809 2.036 252.439 2.693
201812 2.049 251.233 2.724
201903 2.039 254.202 2.679
201906 2.033 256.143 2.651
201909 2.028 256.759 2.638
201912 2.066 256.974 2.685
202003 2.039 258.115 2.638
202006 2.082 257.797 2.697
202009 2.098 260.280 2.692
202012 2.144 260.474 2.749
202103 2.126 264.877 2.680
202106 2.185 271.696 2.686
202109 2.237 274.310 2.723
202112 2.355 278.802 2.821
202203 2.327 287.504 2.703
202206 2.410 296.311 2.716
202209 2.389 296.808 2.688
202212 2.413 296.797 2.715
202303 2.372 301.836 2.624
202306 2.384 305.109 2.609
202309 2.416 307.789 2.621
202312 2.442 306.746 2.659
202403 2.434 312.332 2.602
202406 2.469 314.175 2.624
202409 2.523 315.301 2.672
202412 2.630 315.605 2.783
202503 2.548 319.799 2.661
202506 2.572 322.561 2.663
202509 2.623 324.800 2.697
202512 2.661 324.054 2.742
202603 2.612 330.213 2.642
202606 2.661 333.952 2.661

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 0.93 mean?
Hap Seng Plantations Holdings Bhd (XKLS:5138) has a Cyclically Adjusted PB Ratio of 0.93 as of Sep. 13, 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 Hap Seng Plantations Holdings Bhd and its competitors. This is 27% above median its historical median of 0.73. Over the past decade, Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.23. According to the industry distribution chart, Hap Seng Plantations Holdings Bhd ranks #488 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 38.5%.
Is Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Hap Seng Plantations Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.93 is 27% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.23. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Hap Seng Plantations Holdings Bhd's value of 0.93 is 25.3% below this industry median. Based on the distribution chart, Hap Seng Plantations Holdings Bhd ranks #488 out of 1268 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Hap Seng Plantations Holdings Bhd has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Hap Seng Plantations Holdings Bhd ranks #488 out of 1268 companies for Cyclically Adjusted PB Ratio. This puts Hap Seng Plantations Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Hap Seng Plantations Holdings Bhd's value of 0.93 is 25.3% below this benchmark. Historically, Hap Seng Plantations Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.23 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.25, Hap Seng Plantations 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. Hap Seng Plantations Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.93 is 25.3% 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 Hap Seng Plantations Holdings Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hap Seng Plantations Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.93, which is 27% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hap Seng Plantations Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd (XKLS:5138) is currently considered Modestly Overvalued. The stock's GF Value™ is RM2.15, compared to a current price of RM2.57 — trading 19.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 27% above median its 10-year median of 0.73 and 25.3% below the Consumer Packaged Goods industry median of 1.25. Hap Seng Plantations Holdings Bhd's overall GF Score™ is 72/100 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 Hap Seng Plantations Holdings Bhd (XKLS:5138), the current Cyclically Adjusted PB Ratio is 0.93 as of Sep. 13, 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 Hap Seng Plantations Holdings Bhd (XKLS:5138) Overvalued in 2026?

Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd stock appears to be overvalued. The current stock price of RM2.57 is trading 19.5% above its estimated GF Value™ of RM2.15. GuruFocus considers Hap Seng Plantations Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5138:

  • Cyclically Adjusted PB Ratio: 0.93 (27% above median its 10-year median of 0.73)
  • GF Value™: RM2.15 vs. price of RM2.57 (19.5% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 25.3% below the Consumer Packaged Goods median (#488 of 1268)

No single metric tells the full story. See the XKLS:5138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hap Seng Plantations Holdings Bhd Business Description

Address Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Plantations Holdings Bhd is a Malaysia-based palm oil plantation company. It is focused on the upstream activities in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches (FFB) into crude palm oil (CPO) in its mills. Geographically, the company derives all of its revenue from Malaysia.
72GF Score

Get the complete analysis for XKLS:5138

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

RM2.57
Price
RM2.15
GF Value