VSTECS Bhd (XKLS:5162) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

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.
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Charlie Tian
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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:5162 VSTECS Bhd XKLS:5162
75 GF Score
Price RM1.76
GF Value RM1.56
Valuation Modestly Overvalued
! 3 Warning Signs
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What is VSTECS Bhd Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


VSTECS Bhd  (XKLS:5162) 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.


VSTECS Bhd Cyclically Adjusted PB Ratio Related Terms


VSTECS Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VSTECS 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.

VSTECS Bhd Cyclically Adjusted PB Ratio Chart

VSTECS 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 1.49 1.28 1.32 3.73 3.45

VSTECS 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 2.71 3.34 3.45 3.76 0.00

XKLS:5162 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, VSTECS 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.


VSTECS Bhd Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, VSTECS Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5162
75GF Score
VSTECS Bhd XKLS:5162
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VSTECS 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.

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

For example, VSTECS 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)
=0.559/333.9520*333.9520
=0.559

Current CPI (Jun. 2026) = 333.9520.

VSTECS Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.231 241.428 0.320
201612 0.237 241.432 0.328
201703 0.242 243.801 0.331
201706 0.241 244.955 0.329
201709 0.246 246.819 0.333
201712 0.252 246.524 0.341
201803 0.256 249.554 0.343
201806 0.256 251.989 0.339
201809 0.263 252.439 0.348
201812 0.267 251.233 0.355
201903 0.271 254.202 0.356
201906 0.273 256.143 0.356
201909 0.281 256.759 0.365
201912 0.286 256.974 0.372
202003 0.293 258.115 0.379
202006 0.295 257.797 0.382
202009 0.304 260.280 0.390
202012 0.312 260.474 0.400
202103 0.324 264.877 0.408
202106 0.326 271.696 0.401
202109 0.337 274.310 0.410
202112 0.351 278.802 0.420
202203 0.362 287.504 0.420
202206 0.360 296.311 0.406
202209 0.376 296.808 0.423
202212 0.384 296.797 0.432
202303 0.398 301.836 0.440
202306 0.401 305.109 0.439
202309 0.412 307.789 0.447
202312 0.427 306.746 0.465
202403 0.440 312.332 0.470
202406 0.441 314.175 0.469
202409 0.459 315.301 0.486
202412 0.470 315.605 0.497
202503 0.486 319.799 0.508
202506 0.489 322.561 0.506
202509 0.513 324.800 0.527
202512 0.536 324.054 0.552
202603 0.558 330.213 0.564
202606 0.559 333.952 0.559

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 VSTECS Bhd (XKLS:5162) Overvalued in 2026?

Based on GuruFocus' analysis, VSTECS Bhd stock appears to be overvalued. The current stock price of RM1.76 is trading 12.8% above its estimated GF Value™ of RM1.56. GuruFocus considers VSTECS Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5162:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM1.56 vs. price of RM1.76 (12.8% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VSTECS Bhd Business Description

Address Lot 3, Jalan Teknologi 3/5, Taman Sains Selangor, Kota Damansara, Petaling Jaya, SGR, MYS, 47810
VSTECS Bhd is engaged in the provision of e-commerce systems and solutions. The company distributes information and communications technology (ICT) products in Malaysia. These products consist of notebooks, personal computers, smartphones, tablets, wearables, printers, software, network and communication infrastructure, servers, and enterprise software. It operates in three segments. The ICT distribution segment distributes products to resellers, comprising mainly retailers. Its Enterprise systems segment markets products to system integrators and corporate dealers. The ICT services segment is involved in the provision of ICT services. The Enterprise Systems segment generates the maximum revenue.
75GF Score

Get the complete analysis for XKLS:5162

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

RM1.76
Price
RM1.56
GF Value