Gamuda Bhd (XKLS:5398) Cyclically Adjusted PB Ratio: 1.96 (As of Jul. 30, 2026) — 58% Above Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:5398 Gamuda Bhd XKLS:5398
85 GF Score
Price RM4.24
GF Value RM4.89
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Gamuda Bhd Cyclically Adjusted PB Ratio?

Gamuda Bhd XKLS:5398 +0.24% 85 Cyclically Adjusted PB Ratio is 1.96 as of Jul. 30, 2026, which is 58% above its 10-year median of 1.24. GuruFocus rates XKLS:5398 with a GF Score™ of 85/100 and a GF Value™ of RM4.89 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,352 Construction companies, Gamuda Bhd ranks worse than 68.12% on this metric.

As of today (2026-07-30), Gamuda Bhd's current share price is RM4.24. Gamuda Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was RM2.16. Gamuda Bhd's Cyclically Adjusted PB Ratio for today is 1.96.

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

XKLS:5398' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.24   Max: 2.74
Current: 1.99

During the past years, Gamuda Bhd's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 0.85. And the median was 1.24.

XKLS:5398's Cyclically Adjusted PB Ratio is ranked worse than
68.12% of 1352 companies
in the Construction industry
Industry Median: 1.155 vs XKLS:5398: 1.99

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.

Gamuda Bhd's adjusted book value per share data for the three months ended in Apr. 2026 was RM2.128. 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 RM2.16 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gamuda Bhd  (XKLS:5398) 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.


Gamuda Bhd Cyclically Adjusted PB Ratio Related Terms


Gamuda Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gamuda 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.

Gamuda Bhd Cyclically Adjusted PB Ratio Chart

Gamuda Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 1.07 1.15 1.98 2.49

Gamuda Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.06 2.49 2.41 2.10 2.05

XKLS:5398 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Gamuda 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.


Gamuda Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XKLS:5398
85GF Score
Gamuda Bhd XKLS:5398
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gamuda 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.

Gamuda Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.24/2.16
=1.96

* 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.

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

For example, Gamuda Bhd's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=2.128/333.0200*333.0200
=2.128

Current CPI (Apr. 2026) = 333.0200.

Gamuda Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201607 1.422 240.628 1.968
201610 1.479 241.729 2.038
201701 1.502 242.839 2.060
201704 1.534 244.524 2.089
201707 1.528 244.786 2.079
201710 1.559 246.663 2.105
201801 1.535 247.867 2.062
201804 1.575 250.546 2.093
201807 1.538 252.006 2.032
201810 1.581 252.885 2.082
201901 1.584 251.712 2.096
201904 1.623 255.548 2.115
201907 1.631 256.571 2.117
201910 1.676 257.346 2.169
202001 1.668 257.971 2.153
202004 1.708 256.389 2.218
202007 1.699 259.101 2.184
202010 1.707 260.388 2.183
202101 1.727 261.582 2.199
202104 1.759 267.054 2.193
202107 1.823 273.003 2.224
202110 1.846 276.589 2.223
202201 1.857 281.148 2.200
202204 1.912 289.109 2.202
202207 1.939 296.276 2.179
202210 2.158 298.012 2.412
202301 1.941 299.170 2.161
202304 2.008 303.363 2.204
202307 2.026 305.691 2.207
202310 2.069 307.671 2.239
202401 2.107 308.417 2.275
202404 2.091 313.548 2.221
202407 2.048 314.540 2.168
202410 2.071 315.664 2.185
202501 2.106 317.671 2.208
202504 2.074 320.795 2.153
202507 2.070 323.048 2.134
202510 2.113 0.000
202601 2.134 325.252 2.185
202604 2.128 333.020 2.128

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 1.96 mean?
Gamuda Bhd (XKLS:5398) has a Cyclically Adjusted PB Ratio of 1.96 as of Jul. 30, 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 Gamuda Bhd and its competitors. This is 58% above median its historical median of 1.24. Over the past decade, Gamuda Bhd's Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.74. According to the industry distribution chart, Gamuda Bhd ranks #921 out of 1352 companies in the Construction industry, placing it in the top 68.1%.
Is Gamuda Bhd's Cyclically Adjusted PB Ratio too high?
Gamuda Bhd's current Cyclically Adjusted PB Ratio of 1.96 is 58% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.74. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Gamuda Bhd's value of 1.96 is 69.7% above this industry median. Based on the distribution chart, Gamuda Bhd ranks #921 out of 1352 companies in the Construction industry, which is below the industry midpoint. Overall, Gamuda Bhd has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gamuda Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Gamuda Bhd ranks #921 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Gamuda Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Gamuda Bhd's value of 1.96 is 69.7% above this benchmark. Historically, Gamuda Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.74 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.16, Gamuda Bhd has consistently been above 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,352 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. Gamuda Bhd's current Cyclically Adjusted PB Ratio of 1.96 is 69.7% above 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 Gamuda Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gamuda Bhd's current Cyclically Adjusted PB Ratio is 1.96, which is 58% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gamuda Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gamuda Bhd (XKLS:5398) is currently considered Modestly Undervalued. The stock's GF Value™ is RM4.89, compared to a current price of RM4.24 — trading 13.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.96, which is 58% above median its 10-year median of 1.24 and 69.7% above the Construction industry median of 1.16. Gamuda Bhd's overall GF Score™ is 85/100 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 Gamuda Bhd (XKLS:5398), the current Cyclically Adjusted PB Ratio is 1.96 as of Jul. 30, 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 Gamuda Bhd (XKLS:5398) Overvalued in 2026?

Based on GuruFocus' analysis, Gamuda Bhd stock appears to be undervalued. The current stock price of RM4.24 is trading 13.3% below its estimated GF Value™ of RM4.89. GuruFocus considers Gamuda Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5398:

  • Cyclically Adjusted PB Ratio: 1.96 (58% above median its 10-year median of 1.24)
  • GF Value™: RM4.89 vs. price of RM4.24 (13.3% below fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 69.7% above the Construction median (#921 of 1352)

No single metric tells the full story. See the XKLS:5398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gamuda Bhd Business Description

Address No. 8, Jalan PJU8/8A, Menara Gamuda, D-16-01, Block D, PJ Trade Centre, Bandar Damansara Perdana, Petaling Jaya, SGR, MYS, 47820
Gamuda Bhd is principally into investment holding and civil engineering construction. The company's business activities include: Engineering and Construction, Property Development, Renewable Energy, and Technology and Digitalisation. Its reportable segments are: (i) Engineering and construction-the construction of highways and bridges, airfield facilities, railway, tunnel, water treatment plants, dams, general and trading services related to construction activities and the management of water supply; and (ii) Property development and club operations - the development of residential and commercial properties and club operations. The majority of the revenue is generated from the Engineering and Construction segment.
85GF Score

Get the complete analysis for XKLS:5398

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

RM4.24
Price
RM4.89
GF Value