Petronas Dagangan Bhd (XKLS:5681) Cyclically Adjusted PB Ratio: 2.83 (As of Aug. 02, 2026) — 15% Below Median

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XKLS:5681 Petronas Dagangan Bhd XKLS:5681
91 GF Score
Price RM19.52
GF Value RM22.62
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Petronas Dagangan Bhd Cyclically Adjusted PB Ratio?

Petronas Dagangan Bhd XKLS:5681 +1.67% 91 Cyclically Adjusted PB Ratio is 2.83 as of Aug. 02, 2026, which is 15% below its 10-year median of 3.32. GuruFocus rates XKLS:5681 with a GF Score™ of 91/100 and a GF Value™ of RM22.62 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 765 Oil & Gas companies, Petronas Dagangan Bhd ranks worse than 81.31% on this metric.

As of today (2026-08-02), Petronas Dagangan Bhd's current share price is RM19.52. Petronas Dagangan Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM6.89. Petronas Dagangan Bhd's Cyclically Adjusted PB Ratio for today is 2.83.

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

XKLS:5681' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.52   Med: 3.32   Max: 4.25
Current: 2.81

During the past years, Petronas Dagangan Bhd's highest Cyclically Adjusted PB Ratio was 4.25. The lowest was 2.52. And the median was 3.32.

XKLS:5681's Cyclically Adjusted PB Ratio is ranked worse than
81.31% of 765 companies
in the Oil & Gas industry
Industry Median: 1.21 vs XKLS:5681: 2.81

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.

Petronas Dagangan Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM5.831. 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 RM6.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Petronas Dagangan Bhd  (XKLS:5681) 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.


Petronas Dagangan Bhd Cyclically Adjusted PB Ratio Related Terms


Petronas Dagangan Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Petronas Dagangan 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.

Petronas Dagangan Bhd Cyclically Adjusted PB Ratio Chart

Petronas Dagangan 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 3.40 3.60 3.34 2.89 2.94

Petronas Dagangan 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 2.71 3.17 3.36 2.94 3.17

XKLS:5681 vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Petronas Dagangan 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.


Petronas Dagangan Bhd Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petronas Dagangan Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5681
91GF Score
Petronas Dagangan Bhd XKLS:5681
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Petronas Dagangan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.52/6.89
=2.83

* 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.

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

For example, Petronas Dagangan 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)
=5.831/330.2130*330.2130
=5.831

Current CPI (Mar. 2026) = 330.2130.

Petronas Dagangan Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.086 241.018 6.968
201609 5.200 241.428 7.112
201612 5.338 241.432 7.301
201703 5.291 243.801 7.166
201706 5.378 244.955 7.250
201709 5.965 246.819 7.980
201712 6.041 246.524 8.092
201803 5.762 249.554 7.624
201806 5.933 251.989 7.775
201809 6.049 252.439 7.913
201812 5.936 251.233 7.802
201903 5.913 254.202 7.681
201906 5.949 256.143 7.669
201909 6.051 256.759 7.782
201912 6.015 256.974 7.729
202003 5.588 258.115 7.149
202006 5.542 257.797 7.099
202009 5.703 260.280 7.235
202012 5.681 260.474 7.202
202103 5.705 264.877 7.112
202106 5.648 271.696 6.864
202109 5.667 274.310 6.822
202112 5.619 278.802 6.655
202203 5.478 287.504 6.292
202206 5.667 296.311 6.315
202209 5.835 296.808 6.492
202212 5.781 296.797 6.432
202303 5.685 301.836 6.219
202306 5.812 305.109 6.290
202309 5.824 307.789 6.248
202312 5.806 306.746 6.250
202403 5.764 312.332 6.094
202406 5.862 314.175 6.161
202409 5.999 315.301 6.283
202412 6.010 315.605 6.288
202503 5.856 319.799 6.047
202506 5.923 322.561 6.064
202509 5.986 324.800 6.086
202512 6.007 324.054 6.121
202603 5.831 330.213 5.831

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 2.83 mean?
Petronas Dagangan Bhd (XKLS:5681) has a Cyclically Adjusted PB Ratio of 2.83 as of Aug. 02, 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 Petronas Dagangan Bhd and its competitors. This is 15% below median its historical median of 3.32. Over the past decade, Petronas Dagangan Bhd's Cyclically Adjusted PB Ratio has ranged from 2.52 to 4.25. According to the industry distribution chart, Petronas Dagangan Bhd ranks #622 out of 765 companies in the Oil & Gas industry, placing it in the top 81.3%.
Is Petronas Dagangan Bhd's Cyclically Adjusted PB Ratio too high?
Petronas Dagangan Bhd's current Cyclically Adjusted PB Ratio of 2.83 is 15% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 4.25. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Petronas Dagangan Bhd's value of 2.83 is 133.9% above this industry median. Based on the distribution chart, Petronas Dagangan Bhd ranks #622 out of 765 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Petronas Dagangan Bhd has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Dagangan Bhd's Cyclically Adjusted PB Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Petronas Dagangan Bhd ranks #622 out of 765 companies for Cyclically Adjusted PB Ratio. This places Petronas Dagangan Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Petronas Dagangan Bhd's value of 2.83 is 133.9% above this benchmark. Historically, Petronas Dagangan Bhd's own Cyclically Adjusted PB Ratio has ranged from 2.52 to 4.25 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 1.21, Petronas Dagangan 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 an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.21, based on 765 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. Petronas Dagangan Bhd's current Cyclically Adjusted PB Ratio of 2.83 is 133.9% 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 Petronas Dagangan Bhd and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Dagangan Bhd's current Cyclically Adjusted PB Ratio is 2.83, which is 15% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Dagangan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Petronas Dagangan Bhd (XKLS:5681) is currently considered Modestly Undervalued. The stock's GF Value™ is RM22.62, compared to a current price of RM19.52 — trading 13.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.83, which is 15% below median its 10-year median of 3.32 and 133.9% above the Oil & Gas industry median of 1.21. Petronas Dagangan Bhd's overall GF Score™ is 91/100 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 Petronas Dagangan Bhd (XKLS:5681), the current Cyclically Adjusted PB Ratio is 2.83 as of Aug. 02, 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 Petronas Dagangan Bhd (XKLS:5681) Overvalued in 2026?

Based on GuruFocus' analysis, Petronas Dagangan Bhd stock appears to be undervalued. The current stock price of RM19.52 is trading 13.7% below its estimated GF Value™ of RM22.62. GuruFocus considers Petronas Dagangan Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5681:

  • Cyclically Adjusted PB Ratio: 2.83 (15% below median its 10-year median of 3.32)
  • GF Value™: RM22.62 vs. price of RM19.52 (13.7% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 133.9% above the Oil & Gas median (#622 of 765)

No single metric tells the full story. See the XKLS:5681 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Petronas Dagangan Bhd Business Description

Industry EnergyOil & Gas
Address Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. The company's reportable segments comprise Retail, Commercial and Convenience Businesses. Retail segment consists of sales and purchases of petroleum products to the retail sector. Commercial segment consists of sales and purchases of petroleum products and provision of services to the commercial sector. Convenience segment comprises mainly non-fuel business activities. It derives maximum revenue from Retail segment. The Group's operations are predominantly within Malaysia. The products are Fuels; Cooking Gas; and Lubricants. The services of the company include: Used Cooking Oil; Card Services; PETRONAS Gift Card; Cafe Mesra; Makan Mesra; Segar Mesra; Setel; and 8X World Champion.
91GF Score

Get the complete analysis for XKLS:5681

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

RM19.52
Price
RM22.62
GF Value