Aeon Co (M) Bhd (XKLS:6599) Cyclically Adjusted PB Ratio: (As of Aug. 24, 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:6599 Aeon Co (M) Bhd XKLS:6599
73 GF Score
Price RM1.01
GF Value RM1.32
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Aeon Co (M) Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aeon Co (M) Bhd  (XKLS:6599) 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.


Aeon Co (M) Bhd Cyclically Adjusted PB Ratio Related Terms


Aeon Co (M) Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aeon Co (M) 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.

Aeon Co (M) Bhd Cyclically Adjusted PB Ratio Chart

Aeon Co (M) 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 1.00 0.92 0.71 1.02 0.70

Aeon Co (M) 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 0.90 0.83 0.70 0.68 0.00

XKLS:6599 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Aeon Co (M) 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.


Aeon Co (M) Bhd Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Aeon Co (M) Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aeon Co (M) Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:6599
73GF Score
Aeon Co (M) Bhd XKLS:6599
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aeon Co (M) 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.

Aeon Co (M) Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Aeon Co (M) 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)
=1.452/333.9520*333.9520
=1.452

Current CPI (Jun. 2026) = 333.9520.

Aeon Co (M) Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.309 241.428 1.811
201612 1.340 241.432 1.854
201703 1.348 243.801 1.846
201706 1.373 244.955 1.872
201709 1.350 246.819 1.827
201712 1.398 246.524 1.894
201803 1.414 249.554 1.892
201806 1.428 251.989 1.892
201809 1.404 252.439 1.857
201812 1.439 251.233 1.913
201903 1.222 254.202 1.605
201906 1.236 256.143 1.611
201909 1.174 256.759 1.527
201912 1.208 256.974 1.570
202003 1.194 258.115 1.545
202006 1.191 257.797 1.543
202009 1.165 260.280 1.495
202012 1.190 260.474 1.526
202103 1.206 264.877 1.521
202106 1.212 271.696 1.490
202109 1.187 274.310 1.445
202112 1.241 278.802 1.486
202203 1.266 287.504 1.471
202206 1.266 296.311 1.427
202209 1.273 296.808 1.432
202212 1.287 296.797 1.448
202303 1.310 301.836 1.449
202306 1.291 305.109 1.413
202309 1.304 307.789 1.415
202312 1.324 306.746 1.441
202403 1.370 312.332 1.465
202406 1.357 314.175 1.442
202409 1.367 315.301 1.448
202412 1.380 315.605 1.460
202503 1.428 319.799 1.491
202506 1.389 322.561 1.438
202509 1.398 324.800 1.437
202512 1.427 324.054 1.471
202603 1.484 330.213 1.501
202606 1.452 333.952 1.452

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 Aeon Co (M) Bhd (XKLS:6599) Overvalued in 2026?

Based on GuruFocus' analysis, Aeon Co (M) Bhd stock appears to be undervalued. The current stock price of RM1.01 is trading 23.5% below its estimated GF Value™ of RM1.32. GuruFocus considers Aeon Co (M) Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:6599:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM1.32 vs. price of RM1.01 (23.5% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the XKLS:6599 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aeon Co (M) Bhd Business Description

Address Jalan Jejaka, 3rd Floor, AEON Taman Maluri Shopping Centre, Cheras, Kuala Lumpur, MYS, 55100
Aeon Co (M) Bhd is principally engaged in the operations of a chain of departmental stores and supermarkets selling a broad range of goods ranging from clothing, food, household goods, other merchandise and shopping centre operation. The two main reportable segments are: i) Retailing: The operations of a chain of departmental stores and supermarkets selling a broad range of goods ranging from clothing, food, household goods and other merchandise, ii) Property management services: Shopping mall operation. The majority of the company's revenue is derived from the Retailing segment. Geographically, the company is predominantly operating in Malaysia.
73GF Score

Get the complete analysis for XKLS:6599

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

RM1.01
Price
RM1.32
GF Value