DKSH Holdings Malaysia Bhd (XKLS:5908) Cyclically Adjusted PB Ratio: 1.09 (As of Aug. 23, 2026) — Near 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:5908 DKSH Holdings Malaysia Bhd XKLS:5908
80 GF Score
Price RM6.05
GF Value RM5.74
Valuation Fairly Valued
! 3 Warning Signs
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What is DKSH Holdings Malaysia Bhd Cyclically Adjusted PB Ratio?

DKSH Holdings Malaysia Bhd XKLS:5908 80 Cyclically Adjusted PB Ratio is 1.09 as of Aug. 23, 2026, which is 3% above its 10-year median of 1.06. GuruFocus rates XKLS:5908 with a GF Score™ of 80/100 and a GF Value™ of RM5.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 126 Industrial Distribution companies, DKSH Holdings Malaysia Bhd ranks better than 53.17% on this metric.

As of today (2026-08-23), DKSH Holdings Malaysia Bhd's current share price is RM6.05. DKSH Holdings Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM5.53. DKSH Holdings Malaysia Bhd's Cyclically Adjusted PB Ratio for today is 1.09.

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

XKLS:5908' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.06   Max: 1.71
Current: 1.09

During the past years, DKSH Holdings Malaysia Bhd's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.83. And the median was 1.06.

XKLS:5908's Cyclically Adjusted PB Ratio is ranked better than
53.17% of 126 companies
in the Industrial Distribution industry
Industry Median: 1.26 vs XKLS:5908: 1.09

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.

DKSH Holdings Malaysia Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM7.377. 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 RM5.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DKSH Holdings Malaysia Bhd  (XKLS:5908) 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.


DKSH Holdings Malaysia Bhd Cyclically Adjusted PB Ratio Related Terms


DKSH Holdings Malaysia Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DKSH Holdings Malaysia 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.

DKSH Holdings Malaysia Bhd Cyclically Adjusted PB Ratio Chart

DKSH Holdings Malaysia 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 1.31 1.06 0.99 1.01 1.10

DKSH Holdings Malaysia 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 0.97 0.99 0.92 1.10 1.05

XKLS:5908 vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, DKSH Holdings Malaysia 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.


DKSH Holdings Malaysia Bhd Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, DKSH Holdings Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:5908
80GF Score
DKSH Holdings Malaysia Bhd XKLS:5908
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DKSH Holdings Malaysia 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.05/5.53
=1.09

* 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.

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

For example, DKSH Holdings Malaysia 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)
=7.377/330.2130*330.2130
=7.377

Current CPI (Mar. 2026) = 330.2130.

DKSH Holdings Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.249 241.018 4.451
201609 3.284 241.428 4.492
201612 3.369 241.432 4.608
201703 3.432 243.801 4.648
201706 3.441 244.955 4.639
201709 3.504 246.819 4.688
201712 3.604 246.524 4.827
201803 3.672 249.554 4.859
201806 3.661 251.989 4.797
201809 3.720 252.439 4.866
201812 3.787 251.233 4.978
201903 3.783 254.202 4.914
201906 3.756 256.143 4.842
201909 3.825 256.759 4.919
201912 3.934 256.974 5.055
202003 3.998 258.115 5.115
202006 4.048 257.797 5.185
202009 4.134 260.280 5.245
202012 4.244 260.474 5.380
202103 4.397 264.877 5.482
202106 4.558 271.696 5.540
202109 4.531 274.310 5.454
202112 4.723 278.802 5.594
202203 4.903 287.504 5.631
202206 4.999 296.311 5.571
202209 5.111 296.808 5.686
202212 5.274 296.797 5.868
202303 5.349 301.836 5.852
202306 5.340 305.109 5.779
202309 5.450 307.789 5.847
202312 5.655 306.746 6.088
202403 5.912 312.332 6.250
202406 5.912 314.175 6.214
202409 6.022 315.301 6.307
202412 6.266 315.605 6.556
202503 6.572 319.799 6.786
202506 6.534 322.561 6.689
202509 6.740 324.800 6.852
202512 7.063 324.054 7.197
202603 7.377 330.213 7.377

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 1.09 mean?
DKSH Holdings Malaysia Bhd (XKLS:5908) has a Cyclically Adjusted PB Ratio of 1.09 as of Aug. 23, 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 DKSH Holdings Malaysia Bhd and its competitors. This is near median its historical median of 1.06. Over the past decade, DKSH Holdings Malaysia Bhd's Cyclically Adjusted PB Ratio has ranged from 0.83 to 1.71. According to the industry distribution chart, DKSH Holdings Malaysia Bhd ranks #59 out of 126 companies in the Industrial Distribution industry, placing it in the top 46.8%.
Is DKSH Holdings Malaysia Bhd's Cyclically Adjusted PB Ratio too high?
DKSH Holdings Malaysia Bhd's current Cyclically Adjusted PB Ratio of 1.09 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.71. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.26. DKSH Holdings Malaysia Bhd's value of 1.09 is 13.5% below this industry median. Based on the distribution chart, DKSH Holdings Malaysia Bhd ranks #59 out of 126 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, DKSH Holdings Malaysia Bhd has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holdings Malaysia Bhd's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, DKSH Holdings Malaysia Bhd ranks #59 out of 126 companies for Cyclically Adjusted PB Ratio. This puts DKSH Holdings Malaysia Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. DKSH Holdings Malaysia Bhd's value of 1.09 is 13.5% below this benchmark. Historically, DKSH Holdings Malaysia Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 1.71 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.26, DKSH Holdings Malaysia 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 an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.26, based on 126 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. DKSH Holdings Malaysia Bhd's current Cyclically Adjusted PB Ratio of 1.09 is 13.5% 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 DKSH Holdings Malaysia Bhd and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKSH Holdings Malaysia Bhd's current Cyclically Adjusted PB Ratio is 1.09, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holdings Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holdings Malaysia Bhd (XKLS:5908) is currently considered Fairly Valued. The stock's GF Value™ is RM5.74, compared to a current price of RM6.05 — trading 5.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is near median its 10-year median of 1.06 and 13.5% below the Industrial Distribution industry median of 1.26. DKSH Holdings Malaysia Bhd's overall GF Score™ is 80/100 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 DKSH Holdings Malaysia Bhd (XKLS:5908), the current Cyclically Adjusted PB Ratio is 1.09 as of Aug. 23, 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 DKSH Holdings Malaysia Bhd (XKLS:5908) Overvalued in 2026?

Based on GuruFocus' analysis, DKSH Holdings Malaysia Bhd stock appears to be overvalued. The current stock price of RM6.05 is trading 5.4% above its estimated GF Value™ of RM5.74. GuruFocus considers DKSH Holdings Malaysia Bhd to be Fairly Valued.

Key valuation signals for XKLS:5908:

  • Cyclically Adjusted PB Ratio: 1.09 (near median its 10-year median of 1.06)
  • GF Value™: RM5.74 vs. price of RM6.05 (5.4% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 13.5% below the Industrial Distribution median (#59 of 126)

No single metric tells the full story. See the XKLS:5908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DKSH Holdings Malaysia Bhd Business Description

Address No. 1, Jalan SS7/26A, B-11-01, The Ascent, Paradigm, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
DKSH Holdings Malaysia Bhd company is principally an investment holding company. The principal activities of the Group are the provisioning of Market Expansion Services, which range from marketing, to providing sales force, distribution and logistics, invoicing and credit control, handling of inventory and returned goods and other value added services. These services are provided to consumer goods and healthcare clients. The Group also operates retail outlets selling Amos cookies, manufacturing and supplying of butter and margarine, and related bakery, confectionery and dairy products. The Group is organized into three main business segments Consumer Goods; Healthcare; and Others of which majority of revenue comes from Consumer Goods.
80GF Score

Get the complete analysis for XKLS:5908

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

RM6.05
Price
RM5.74
GF Value