TAS Offshore Bhd (XKLS:5149) Cyclically Adjusted PB Ratio: (As of Jul. 28, 2026)

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XKLS:5149 TAS Offshore Bhd XKLS:5149
51 GF Score
Price RM0.51
GF Value RM0.88
Valuation Significantly Undervalued
! 3 Warning Signs
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What is TAS Offshore Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TAS Offshore Bhd  (XKLS:5149) 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.


TAS Offshore Bhd Cyclically Adjusted PB Ratio Related Terms


TAS Offshore Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TAS Offshore 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.

TAS Offshore Bhd Cyclically Adjusted PB Ratio Chart

TAS Offshore Bhd Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.20 0.77 0.66 0.00

TAS Offshore 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 0.66 0.61 0.68 0.59 0.00

XKLS:5149 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, TAS Offshore 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.


TAS Offshore Bhd Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAS Offshore Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5149
51GF Score
TAS Offshore Bhd XKLS:5149
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TAS Offshore 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.

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

For example, TAS Offshore 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)
=0.751/335.1230*335.1230
=0.751

Current CPI (May. 2026) = 335.1230.

TAS Offshore Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.954 240.849 1.327
201611 0.969 241.353 1.345
201702 0.978 243.603 1.345
201705 0.893 244.733 1.223
201708 0.902 245.519 1.231
201711 0.891 246.669 1.211
201802 0.885 248.991 1.191
201805 0.890 251.588 1.186
201808 0.885 252.146 1.176
201811 0.893 252.038 1.187
201902 0.885 252.776 1.173
201905 0.903 256.092 1.182
201908 0.905 256.558 1.182
201911 0.900 257.208 1.173
202002 0.870 258.678 1.127
202005 0.481 256.394 0.629
202008 0.489 259.918 0.630
202011 0.486 260.229 0.626
202102 0.514 263.014 0.655
202105 0.519 269.195 0.646
202108 0.519 273.567 0.636
202111 0.514 277.948 0.620
202202 0.503 283.716 0.594
202205 0.512 292.296 0.587
202208 0.508 296.171 0.575
202211 0.506 297.711 0.570
202302 0.510 300.840 0.568
202305 0.532 304.127 0.586
202308 0.532 307.026 0.581
202311 0.547 307.051 0.597
202402 0.581 310.326 0.627
202405 0.566 314.069 0.604
202408 0.600 314.796 0.639
202411 0.652 315.493 0.693
202502 0.654 319.082 0.687
202505 0.640 321.465 0.667
202508 0.693 323.976 0.717
202511 0.733 324.122 0.758
202602 0.729 326.785 0.748
202605 0.751 335.123 0.751

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.

Is TAS Offshore Bhd (XKLS:5149) Overvalued in 2026?

Based on GuruFocus' analysis, TAS Offshore Bhd stock appears to be undervalued. The current stock price of RM0.51 is trading 42.6% below its estimated GF Value™ of RM0.88. GuruFocus considers TAS Offshore Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5149:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM0.88 vs. price of RM0.51 (42.6% below fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TAS Offshore Bhd Business Description

Address Lot 199, Sungai Maaw Road, P.O. Box 920, Sungai Bidut, Sibu, SWK, MYS, 96000
TAS Offshore Bhd is an investment holding company engaged in shipbuilding and ship repairing activities across Malaysia, Singapore, and Indonesia. Its shipbuilding operations include constructing vessels such as tugboats, anchor handling tugs, anchor handling tug supply vessels, utility vessels, workboats, ferries, and cargo ships. The company also provides ship repair services, including routine maintenance, machinery inspection, repainting, and damage repair. Additionally, TAS Offshore offers vessel chartering services. It generates revenue through contracting shipbuilding, repair projects, and vessel leasing, serving clients in the marine and offshore industries.
51GF Score

Get the complete analysis for XKLS:5149

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

RM0.51
Price
RM0.88
GF Value