Benalec Holdings Bhd (XKLS:5190) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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What is Benalec Holdings Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Benalec Holdings Bhd  (XKLS:5190) 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.


Benalec Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Benalec Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Benalec 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.

Benalec Holdings Bhd Cyclically Adjusted PB Ratio Chart

Benalec Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Benalec 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 0.12 0.13 0.12 0.11 0.10

XKLS:5190 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Benalec 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.


Benalec Holdings Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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



Benalec 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.

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

For example, Benalec 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)
=0.364/333.9520*333.9520
=0.364

Current CPI (Jun. 2026) = 333.9520.

Benalec Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.734 238.132 1.029
201606 0.746 241.018 1.034
201609 0.755 241.428 1.044
201612 0.765 241.432 1.058
201703 0.763 243.801 1.045
201706 0.797 244.955 1.087
201709 0.764 246.819 1.034
201712 0.763 246.524 1.034
201803 0.754 249.554 1.009
201806 0.775 251.989 1.027
201903 0.755 254.202 0.992
201906 0.711 256.143 0.927
201909 0.705 256.759 0.917
201912 0.654 256.974 0.850
202003 0.644 258.115 0.833
202006 0.606 257.797 0.785
202009 0.587 260.280 0.753
202012 0.571 260.474 0.732
202103 0.563 264.877 0.710
202106 0.558 271.696 0.686
202109 0.545 274.310 0.663
202112 0.462 278.802 0.553
202203 0.450 287.504 0.523
202206 0.442 296.311 0.498
202209 0.451 296.808 0.507
202212 0.413 296.797 0.465
202303 0.405 301.836 0.448
202306 0.395 305.109 0.432
202309 0.380 307.789 0.412
202312 0.350 306.746 0.381
202403 0.350 312.332 0.374
202406 0.353 314.175 0.375
202409 0.357 315.301 0.378
202412 0.362 315.605 0.383
202503 0.364 319.799 0.380
202506 0.366 322.561 0.379
202509 0.362 324.800 0.372
202512 0.365 324.054 0.376
202603 0.364 330.213 0.368
202606 0.364 333.952 0.364

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.


Benalec Holdings Bhd Business Description

Address Number 23, Jalan Perintis U1/52, Temasya Glenmarie, Seksyen UI, Shah Alam, SGR, MYS, 40150
Benalec Holdings Bhd engages in marine construction and civil engineering. It operates in three segments: Marine Construction, Vessel Chartering and Marine Transportation, and Other operating segment comprising investment holding. The Marine Construction segment consists of land reclamation services & disposal of land held for sale. The Vessel Chartering and marine transportation segment provides vessel chartering on time and voyage charters. The Shipbuilding segment provides ship repair, maintenance, fabrication and refurbishment services. The other operating segment comprises investment holding and properties held for sale.