MSM Malaysia Holdings Bhd (XKLS:5202) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 24, 2026) — 42% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:5202 MSM Malaysia Holdings Bhd XKLS:5202
55 GF Score
Price RM0.61
GF Value RM1.03
Valuation Possible Value Trap
! 3 Warning Signs
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What is MSM Malaysia Holdings Bhd Cyclically Adjusted PB Ratio?

MSM Malaysia Holdings Bhd XKLS:5202 55 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 24, 2026, which is 42% below its 10-year median of 0.36. GuruFocus rates XKLS:5202 with a GF Score™ of 55/100 and a GF Value™ of RM1.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, MSM Malaysia Holdings Bhd ranks better than 94.37% on this metric.

As of today (2026-07-24), MSM Malaysia Holdings Bhd's current share price is RM0.605. MSM Malaysia Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.87. MSM Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.21.

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

XKLS:5202' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.36   Max: 1.12
Current: 0.22

During the past years, MSM Malaysia Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.19. And the median was 0.36.

XKLS:5202's Cyclically Adjusted PB Ratio is ranked better than
94.37% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs XKLS:5202: 0.22

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.

MSM Malaysia Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.537. 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 RM2.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSM Malaysia Holdings Bhd  (XKLS:5202) 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.


MSM Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


MSM Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MSM Malaysia 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.

MSM Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Chart

MSM Malaysia 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 0.43 0.27 0.53 0.39 0.32

MSM Malaysia Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.38 0.34 0.34 0.32 0.28

XKLS:5202 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, MSM Malaysia 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.


MSM Malaysia Holdings Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:5202
55GF Score
MSM Malaysia Holdings Bhd XKLS:5202
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MSM Malaysia 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.

MSM Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.605/2.87
=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.

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

For example, MSM Malaysia Holdings Bhd's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.537/330.2130*330.2130
=1.537

Current CPI (Mar. 2026) = 330.2130.

MSM Malaysia Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.873 241.018 3.936
201609 2.910 241.428 3.980
201612 2.826 241.432 3.865
201703 2.784 243.801 3.771
201706 2.713 244.955 3.657
201709 2.728 246.819 3.650
201712 2.741 246.524 3.672
201803 2.768 249.554 3.663
201806 2.790 251.989 3.656
201809 2.813 252.439 3.680
201812 2.792 251.233 3.670
201903 2.779 254.202 3.610
201906 2.678 256.143 3.452
201909 2.414 256.759 3.105
201912 2.358 256.974 3.030
202003 2.300 258.115 2.942
202006 2.268 257.797 2.905
202009 2.168 260.280 2.751
202012 2.250 260.474 2.852
202103 2.298 264.877 2.865
202106 2.318 271.696 2.817
202109 2.457 274.310 2.958
202112 2.436 278.802 2.885
202203 2.397 287.504 2.753
202206 2.322 296.311 2.588
202209 2.217 296.808 2.467
202212 2.155 296.797 2.398
202303 2.104 301.836 2.302
202306 2.074 305.109 2.245
202309 2.023 307.789 2.170
202312 2.084 306.746 2.243
202403 2.143 312.332 2.266
202406 2.097 314.175 2.204
202409 2.027 315.301 2.123
202412 2.129 315.605 2.228
202503 2.134 319.799 2.203
202506 2.092 322.561 2.142
202509 2.085 324.800 2.120
202512 1.563 324.054 1.593
202603 1.537 330.213 1.537

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?
MSM Malaysia Holdings Bhd (XKLS:5202) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 24, 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 MSM Malaysia Holdings Bhd and its competitors. This is 42% below median its historical median of 0.36. Over the past decade, MSM Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.12. According to the industry distribution chart, MSM Malaysia Holdings Bhd ranks #81 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 5.6%.
Is MSM Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio too high?
MSM Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 42% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.12. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. MSM Malaysia Holdings Bhd's value of 0.21 is 83.5% below this industry median. Based on the distribution chart, MSM Malaysia Holdings Bhd ranks #81 out of 1439 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, MSM Malaysia 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 MSM Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, MSM Malaysia Holdings Bhd ranks #81 out of 1439 companies for Cyclically Adjusted PB Ratio. This places MSM Malaysia Holdings Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. MSM Malaysia Holdings Bhd's value of 0.21 is 83.5% below this benchmark. Historically, MSM Malaysia Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.12 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.27, MSM Malaysia 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 1.27, based on 1,439 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. MSM Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 83.5% 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 MSM Malaysia Holdings Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSM Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.21, which is 42% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSM Malaysia Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MSM Malaysia Holdings Bhd (XKLS:5202) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.03, compared to a current price of RM0.61 — trading 41.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 42% below median its 10-year median of 0.36 and 83.5% below the Consumer Packaged Goods industry median of 1.27. MSM Malaysia Holdings Bhd's overall GF Score™ is 55/100 with 3 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 MSM Malaysia Holdings Bhd (XKLS:5202), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 24, 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 MSM Malaysia Holdings Bhd (XKLS:5202) Overvalued in 2026?

Based on GuruFocus' analysis, MSM Malaysia Holdings Bhd stock appears to be undervalued. The current stock price of RM0.61 is trading 41.3% below its estimated GF Value™ of RM1.03. GuruFocus considers MSM Malaysia Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5202:

  • Cyclically Adjusted PB Ratio: 0.21 (42% below median its 10-year median of 0.36)
  • GF Value™: RM1.03 vs. price of RM0.61 (41.3% below fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 83.5% below the Consumer Packaged Goods median (#81 of 1439)

No single metric tells the full story. See the XKLS:5202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MSM Malaysia Holdings Bhd Business Description

Address No. 11, Persiaran KLCC, Level 44, Menara Felda, Platinum Park, Kuala Lumpur, SGR, MYS, 50088
MSM Malaysia Holdings Bhd is a sugar manufacturing company. It has only one reportable segment, Sugar, which is engaged in sugar refining and sales, marketing of refined sugar, and commodity trading. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in other parts of Asia, Europe, Africa, Oceania, and North America.
55GF Score

Get the complete analysis for XKLS:5202

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

RM0.61
Price
RM1.03
GF Value