MNRB Holdings Bhd (XKLS:6459) Cyclically Adjusted PB Ratio: 0.63 (As of Jul. 27, 2026) — 85% Above Median

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XKLS:6459 MNRB Holdings Bhd XKLS:6459
82 GF Score
Price RM2.66
GF Value RM2.43
Valuation Fairly Valued
! 8 Warning Signs
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What is MNRB Holdings Bhd Cyclically Adjusted PB Ratio?

MNRB Holdings Bhd XKLS:6459 -2.21% 82 Cyclically Adjusted PB Ratio is 0.63 as of Jul. 27, 2026, which is 85% above its 10-year median of 0.34. GuruFocus rates XKLS:6459 with a GF Score™ of 82/100 and a GF Value™ of RM2.43 (Fairly Valued). The stock has 8 warning signs investors should review. Among 418 Insurance companies, MNRB Holdings Bhd ranks better than 82.78% on this metric.

As of today (2026-07-27), MNRB Holdings Bhd's current share price is RM2.66. MNRB Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM4.19. MNRB Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.63.

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

XKLS:6459' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.34   Max: 0.69
Current: 0.63

During the past years, MNRB Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.16. And the median was 0.34.

XKLS:6459's Cyclically Adjusted PB Ratio is ranked better than
82.78% of 418 companies
in the Insurance industry
Industry Median: 1.415 vs XKLS:6459: 0.63

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.

MNRB Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM4.958. 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 RM4.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MNRB Holdings Bhd  (XKLS:6459) 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.


MNRB Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


MNRB Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MNRB 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.

MNRB Holdings Bhd Cyclically Adjusted PB Ratio Chart

MNRB Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.25 0.46 0.50 0.53

MNRB 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 0.50 0.47 0.47 0.51 0.53

XKLS:6459 vs RGA, EG, RNR: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Reinsurance subindustry, MNRB 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.


MNRB Holdings Bhd Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, MNRB Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:6459
82GF Score
MNRB Holdings Bhd XKLS:6459
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MNRB 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.66/4.19
=0.63

* 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.

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

For example, MNRB 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)
=4.958/330.2130*330.2130
=4.958

Current CPI (Mar. 2026) = 330.2130.

MNRB Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.219 241.018 4.410
201609 3.268 241.428 4.470
201612 4.394 241.432 6.010
201703 3.345 243.801 4.531
201706 3.455 244.955 4.658
201709 3.496 246.819 4.677
201712 3.565 246.524 4.775
201803 3.625 249.554 4.797
201806 3.811 251.989 4.994
201809 3.875 252.439 5.069
201812 2.652 251.233 3.486
201903 2.763 254.202 3.589
201906 2.842 256.143 3.664
201909 2.909 256.759 3.741
201912 2.852 256.974 3.665
202003 2.901 258.115 3.711
202006 3.010 257.797 3.856
202009 3.085 260.280 3.914
202012 3.091 260.474 3.919
202103 3.088 264.877 3.850
202106 3.156 271.696 3.836
202109 3.197 274.310 3.849
202112 3.113 278.802 3.687
202203 3.156 287.504 3.625
202206 3.107 296.311 3.462
202209 3.122 296.808 3.473
202212 3.204 296.797 3.565
202303 3.495 301.836 3.824
202306 3.416 305.109 3.697
202309 3.474 307.789 3.727
202312 3.556 306.746 3.828
202403 3.989 312.332 4.217
202406 4.112 314.175 4.322
202409 4.230 315.301 4.430
202412 4.259 315.605 4.456
202503 4.394 319.799 4.537
202506 4.600 322.561 4.709
202509 4.734 324.800 4.813
202512 4.826 324.054 4.918
202603 4.958 330.213 4.958

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 0.63 mean?
MNRB Holdings Bhd (XKLS:6459) has a Cyclically Adjusted PB Ratio of 0.63 as of Jul. 27, 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 MNRB Holdings Bhd and its competitors. This is 85% above median its historical median of 0.34. Over the past decade, MNRB Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.69. According to the industry distribution chart, MNRB Holdings Bhd ranks #72 out of 418 companies in the Insurance industry, placing it in the top 17.2%.
Is MNRB Holdings Bhd's Cyclically Adjusted PB Ratio too high?
MNRB Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.63 is 85% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.69. The Insurance industry median Cyclically Adjusted PB Ratio is 1.42. MNRB Holdings Bhd's value of 0.63 is 55.5% below this industry median. Based on the distribution chart, MNRB Holdings Bhd ranks #72 out of 418 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, MNRB 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 MNRB Holdings Bhd's Cyclically Adjusted PB Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, MNRB Holdings Bhd ranks #72 out of 418 companies for Cyclically Adjusted PB Ratio. This places MNRB Holdings Bhd in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.42. MNRB Holdings Bhd's value of 0.63 is 55.5% below this benchmark. Historically, MNRB Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.69 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.42, MNRB 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 an Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.42, based on 418 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. MNRB Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.63 is 55.5% 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 MNRB Holdings Bhd and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNRB Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.63, which is 85% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNRB Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MNRB Holdings Bhd (XKLS:6459) is currently considered Fairly Valued. The stock's GF Value™ is RM2.43, compared to a current price of RM2.66 — trading 9.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63, which is 85% above median its 10-year median of 0.34 and 55.5% below the Insurance industry median of 1.42. MNRB Holdings Bhd's overall GF Score™ is 82/100 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 MNRB Holdings Bhd (XKLS:6459), the current Cyclically Adjusted PB Ratio is 0.63 as of Jul. 27, 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 MNRB Holdings Bhd (XKLS:6459) Overvalued in 2026?

Based on GuruFocus' analysis, MNRB Holdings Bhd stock appears to be overvalued. The current stock price of RM2.66 is trading 9.5% above its estimated GF Value™ of RM2.43. GuruFocus considers MNRB Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:6459:

  • Cyclically Adjusted PB Ratio: 0.63 (85% above median its 10-year median of 0.34)
  • GF Value™: RM2.43 vs. price of RM2.66 (9.5% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 55.5% below the Insurance median (#72 of 418)

No single metric tells the full story. See the XKLS:6459 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MNRB Holdings Bhd Business Description

Address No. 17, Lorong Dungun, 12th Floor, Bangunan Malaysian Re, Damansara Heights, Kuala Lumpur, MYS, 50490
MNRB Holdings Bhd is engaged in the provision of management services to its subsidiaries. The group is a reinsurance provider as per the retakaful and takaful system according to sharia law. It comprises wholesale providers of reinsurance and retakaful as well as a takaful operator. The reinsurance services are provided in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in the investment holding business and mainly operates in Malaysia and the United Arab Emirates.
82GF Score

Get the complete analysis for XKLS:6459

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

RM2.66
Price
RM2.43
GF Value