Ann Joo Resources Bhd (XKLS:6556) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:6556 Ann Joo Resources Bhd XKLS:6556
27 GF Score
Price RM0.53
GF Value RM0.60
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ann Joo Resources Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ann Joo Resources Bhd  (XKLS:6556) 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.


Ann Joo Resources Bhd Cyclically Adjusted PB Ratio Related Terms


Ann Joo Resources Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ann Joo Resources 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.

Ann Joo Resources Bhd Cyclically Adjusted PB Ratio Chart

Ann Joo Resources 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 0.74 0.43 0.41 0.34 0.24

Ann Joo Resources Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.27 0.29 0.23 0.22 0.20

XKLS:6556 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Ann Joo Resources 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.


Ann Joo Resources Bhd Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Ann Joo Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:6556
27GF Score
Ann Joo Resources Bhd XKLS:6556
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ann Joo Resources 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.

Ann Joo Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ann Joo Resources Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.032/333.9520*333.9520
=1.032

Current CPI (Jun. 2026) = 333.9520.

Ann Joo Resources Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.027 241.428 2.804
201612 2.060 241.432 2.849
201703 2.203 243.801 3.018
201706 2.165 244.955 2.952
201709 2.198 246.819 2.974
201712 2.303 246.524 3.120
201803 2.411 249.554 3.226
201806 2.310 251.989 3.061
201809 2.320 252.439 3.069
201812 2.380 251.233 3.164
201903 2.370 254.202 3.114
201906 2.243 256.143 2.924
201909 2.127 256.759 2.766
201912 2.159 256.974 2.806
202003 2.112 258.115 2.733
202006 2.012 257.797 2.606
202009 1.978 260.280 2.538
202012 1.981 260.474 2.540
202103 2.117 264.877 2.669
202106 2.276 271.696 2.798
202109 2.334 274.310 2.841
202112 2.358 278.802 2.824
202203 2.407 287.504 2.796
202206 2.406 296.311 2.712
202209 2.182 296.808 2.455
202212 2.057 296.797 2.315
202303 2.024 301.836 2.239
202306 2.032 305.109 2.224
202309 1.934 307.789 2.098
202312 2.219 306.746 2.416
202403 2.197 312.332 2.349
202406 2.118 314.175 2.251
202409 1.984 315.301 2.101
202412 1.574 315.605 1.666
202503 1.317 319.799 1.375
202506 1.220 322.561 1.263
202509 1.146 324.800 1.178
202512 1.036 324.054 1.068
202603 1.047 330.213 1.059
202606 1.032 333.952 1.032

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.

Is Ann Joo Resources Bhd (XKLS:6556) Overvalued in 2026?

Based on GuruFocus' analysis, Ann Joo Resources Bhd stock appears to be undervalued. The current stock price of RM0.53 is trading 11.7% below its estimated GF Value™ of RM0.60. GuruFocus considers Ann Joo Resources Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:6556:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM0.60 vs. price of RM0.53 (11.7% below fair value)
  • GF Score™: 27/100 with 3 warning signs

No single metric tells the full story. See the XKLS:6556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ann Joo Resources Bhd Business Description

Address Jalan Klang Lama, Batu 8 1/2, Wisma Ann Joo, Lot 19391, Petaling Jaya, SGR, MYS, 46000
Ann Joo Resources Bhd is mainly engaged in the manufacturing and trading of steel and steel-related products. The business activity of the group is divided into four segments: Upstream steel division which includes Manufacturing and trading of iron, steel, and steel-related products; Downstream steel division which engages in Trading of steel and steel-related products, hardware, building and construction materials and operations of steel service centers; Green technology division which include Project management and contract services for solar and other renewable energy business as well as waste management services; and Investment Holding, property management and others. Geographically, it derives a majority of its revenue from Malaysia.
27GF Score

Get the complete analysis for XKLS:6556

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

RM0.53
Price
RM0.60
GF Value