Amway Malaysia Holdings Bhd (XKLS:6351) Cyclically Adjusted PB Ratio: 2.76 (As of Aug. 02, 2026) — 22% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:6351 Amway Malaysia Holdings Bhd XKLS:6351
82 GF Score
Price RM4.63
GF Value RM4.87
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Amway Malaysia Holdings Bhd Cyclically Adjusted PB Ratio?

Amway Malaysia Holdings Bhd XKLS:6351 82 Cyclically Adjusted PB Ratio is 2.76 as of Aug. 02, 2026, which is 22% below its 10-year median of 3.52. GuruFocus rates XKLS:6351 with a GF Score™ of 82/100 and a GF Value™ of RM4.87 (Fairly Valued). The stock has 3 warning signs investors should review. Among 806 Retail - Cyclical companies, Amway Malaysia Holdings Bhd ranks worse than 76.55% on this metric.

As of today (2026-08-02), Amway Malaysia Holdings Bhd's current share price is RM4.63. Amway Malaysia Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.68. Amway Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio for today is 2.76.

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

XKLS:6351' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.71   Med: 3.52   Max: 4.84
Current: 2.72

During the past years, Amway Malaysia Holdings Bhd's highest Cyclically Adjusted PB Ratio was 4.84. The lowest was 2.71. And the median was 3.52.

XKLS:6351's Cyclically Adjusted PB Ratio is ranked worse than
76.55% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs XKLS:6351: 2.72

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.

Amway Malaysia Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.462. 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 RM1.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amway Malaysia Holdings Bhd  (XKLS:6351) 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.


Amway Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Amway Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amway 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.

Amway Malaysia Holdings Bhd Cyclically Adjusted PB Ratio Chart

Amway 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 3.66 3.23 3.70 4.13 2.98

Amway 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 3.08 3.14 2.97 2.98 2.80

XKLS:6351 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Amway 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.


Amway Malaysia Holdings Bhd Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amway Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:6351
82GF Score
Amway Malaysia Holdings Bhd XKLS:6351
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amway 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.63/1.68
=2.76

* 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.

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

For example, Amway 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)
=1.462/330.2130*330.2130
=1.462

Current CPI (Mar. 2026) = 330.2130.

Amway Malaysia Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.197 241.018 1.640
201609 1.262 241.428 1.726
201612 1.282 241.432 1.753
201703 1.190 243.801 1.612
201706 1.229 244.955 1.657
201709 1.270 246.819 1.699
201712 1.302 246.524 1.744
201803 1.185 249.554 1.568
201806 1.180 251.989 1.546
201809 1.234 252.439 1.614
201812 1.318 251.233 1.732
201903 1.257 254.202 1.633
201906 1.320 256.143 1.702
201909 1.334 256.759 1.716
201912 1.354 256.974 1.740
202003 1.291 258.115 1.652
202006 1.344 257.797 1.722
202009 1.388 260.280 1.761
202012 1.364 260.474 1.729
202103 1.362 264.877 1.698
202106 1.360 271.696 1.653
202109 1.358 274.310 1.635
202112 1.314 278.802 1.556
202203 1.346 287.504 1.546
202206 1.388 296.311 1.547
202209 1.453 296.808 1.617
202212 1.543 296.797 1.717
202303 1.433 301.836 1.568
202306 1.493 305.109 1.616
202309 1.724 307.789 1.850
202312 1.872 306.746 2.015
202403 1.621 312.332 1.714
202406 1.720 314.175 1.808
202409 1.866 315.301 1.954
202412 1.879 315.605 1.966
202503 1.509 319.799 1.558
202506 1.474 322.561 1.509
202509 1.513 324.800 1.538
202512 1.552 324.054 1.581
202603 1.462 330.213 1.462

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 2.76 mean?
Amway Malaysia Holdings Bhd (XKLS:6351) has a Cyclically Adjusted PB Ratio of 2.76 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 Amway Malaysia Holdings Bhd and its competitors. This is 22% below median its historical median of 3.52. Over the past decade, Amway Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 2.71 to 4.84. According to the industry distribution chart, Amway Malaysia Holdings Bhd ranks #617 out of 806 companies in the Retail - Cyclical industry, placing it in the top 76.6%.
Is Amway Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Amway Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio of 2.76 is 22% below median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 4.84. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Amway Malaysia Holdings Bhd's value of 2.76 is 120.8% above this industry median. Based on the distribution chart, Amway Malaysia Holdings Bhd ranks #617 out of 806 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Amway Malaysia Holdings Bhd has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Amway Malaysia Holdings Bhd's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Amway Malaysia Holdings Bhd ranks #617 out of 806 companies for Cyclically Adjusted PB Ratio. This places Amway Malaysia Holdings Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Amway Malaysia Holdings Bhd's value of 2.76 is 120.8% above this benchmark. Historically, Amway Malaysia Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 2.71 to 4.84 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 1.25, Amway Malaysia Holdings 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. Amway Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio of 2.76 is 120.8% 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 Amway Malaysia Holdings Bhd and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amway Malaysia Holdings Bhd's current Cyclically Adjusted PB Ratio is 2.76, which is 22% below median its own 10-year median of 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amway Malaysia Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Amway Malaysia Holdings Bhd (XKLS:6351) is currently considered Fairly Valued. The stock's GF Value™ is RM4.87, compared to a current price of RM4.63 — trading 4.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 22% below median its 10-year median of 3.52 and 120.8% above the Retail - Cyclical industry median of 1.25. Amway Malaysia Holdings Bhd's overall GF Score™ is 82/100 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 Amway Malaysia Holdings Bhd (XKLS:6351), the current Cyclically Adjusted PB Ratio is 2.76 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 Amway Malaysia Holdings Bhd (XKLS:6351) Overvalued in 2026?

Based on GuruFocus' analysis, Amway Malaysia Holdings Bhd stock appears to be undervalued. The current stock price of RM4.63 is trading 4.9% below its estimated GF Value™ of RM4.87. GuruFocus considers Amway Malaysia Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:6351:

  • Cyclically Adjusted PB Ratio: 2.76 (22% below median its 10-year median of 3.52)
  • GF Value™: RM4.87 vs. price of RM4.63 (4.9% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 120.8% above the Retail - Cyclical median (#617 of 806)

No single metric tells the full story. See the XKLS:6351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amway Malaysia Holdings Bhd Business Description

Address 28, Jalan, 51A/223, Petaling Jaya, SGR, MYS, 46100
Amway Malaysia Holdings Bhd is engaged in the distribution of consumer products under the Amway' trademark. The Group has only one business segment which is the distribution of consumer products principally under the Amway trademark. The company manufactures consumer products in the nutrition, beauty and home categories that are sold exclusively through Amway Business Owners. It has taken an initiative with Amway affiliates in Singapore, Thailand, Vietnam, Indonesia, Philippines, and Australia. The company also has an ARTISTRY SUPREME LX Regenerating Cream and Eye Cream under its skincare range and home categories that are sold exclusively through Amway Business Owners.
82GF Score

Get the complete analysis for XKLS:6351

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

RM4.63
Price
RM4.87
GF Value