V.S Industry Bhd (XKLS:6963) Cyclically Adjusted PB Ratio: 0.43 (As of Jul. 24, 2026) — 79% Below Median

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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.
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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:6963 V.S Industry Bhd XKLS:6963
46 GF Score
Price RM0.25
GF Value RM0.71
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is V.S Industry Bhd Cyclically Adjusted PB Ratio?

V.S Industry Bhd XKLS:6963 -3.85% 46 Cyclically Adjusted PB Ratio is 0.43 as of Jul. 24, 2026, which is 79% below its 10-year median of 2.04. GuruFocus rates XKLS:6963 with a GF Score™ of 46/100 and a GF Value™ of RM0.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,979 Hardware companies, V.S Industry Bhd ranks better than 90.1% on this metric.

As of today (2026-07-24), V.S Industry Bhd's current share price is RM0.25. V.S Industry Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was RM0.58. V.S Industry Bhd's Cyclically Adjusted PB Ratio for today is 0.43.

The historical rank and industry rank for V.S Industry Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:6963' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 2.04   Max: 4.72
Current: 0.4

During the past years, V.S Industry Bhd's highest Cyclically Adjusted PB Ratio was 4.72. The lowest was 0.32. And the median was 2.04.

XKLS:6963's Cyclically Adjusted PB Ratio is ranked better than
90.1% of 1979 companies
in the Hardware industry
Industry Median: 2.01 vs XKLS:6963: 0.40

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.

V.S Industry Bhd's adjusted book value per share data for the three months ended in Apr. 2026 was RM0.530. 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 RM0.58 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


V.S Industry Bhd  (XKLS:6963) 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.


V.S Industry Bhd Cyclically Adjusted PB Ratio Related Terms


V.S Industry Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for V.S Industry 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.

V.S Industry Bhd Cyclically Adjusted PB Ratio Chart

V.S Industry Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.86 2.39 1.90 2.36 1.46

V.S Industry Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.44 1.46 0.88 0.74 0.36

XKLS:6963 vs APH, GLW: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, V.S Industry 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.


V.S Industry Bhd Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, V.S Industry Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where V.S Industry Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:6963
46GF Score
V.S Industry Bhd XKLS:6963
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

V.S Industry 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.

V.S Industry Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.25/0.58
=0.43

* 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.

V.S Industry Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, V.S Industry Bhd's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.53/333.0200*333.0200
=0.530

Current CPI (Apr. 2026) = 333.0200.

V.S Industry Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201607 0.299 240.628 0.414
201610 0.312 241.729 0.430
201701 0.336 242.839 0.461
201704 0.343 244.524 0.467
201707 0.358 244.786 0.487
201710 0.370 246.663 0.500
201801 0.378 247.867 0.508
201804 0.378 250.546 0.502
201807 0.425 252.006 0.562
201810 0.421 252.885 0.554
201901 0.433 251.712 0.573
201904 0.426 255.548 0.555
201907 0.441 256.571 0.572
201910 0.452 257.346 0.585
202001 0.453 257.971 0.585
202004 0.439 256.389 0.570
202007 0.461 259.101 0.593
202010 0.482 260.388 0.616
202101 0.534 261.582 0.680
202104 0.540 267.054 0.673
202107 0.536 273.003 0.654
202110 0.546 276.589 0.657
202201 0.550 281.148 0.651
202204 0.554 289.109 0.638
202207 0.541 296.276 0.608
202210 0.600 298.012 0.670
202301 0.588 299.170 0.655
202304 0.590 303.363 0.648
202307 0.559 305.691 0.609
202310 0.577 307.671 0.625
202401 0.577 308.417 0.623
202404 0.579 313.548 0.615
202407 0.595 314.540 0.630
202410 0.588 315.664 0.620
202501 0.584 317.671 0.612
202504 0.569 320.795 0.591
202507 0.557 323.048 0.574
202510 0.562 0.000
202601 0.541 325.252 0.554
202604 0.530 333.020 0.530

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 0.43 mean?
V.S Industry Bhd (XKLS:6963) has a Cyclically Adjusted PB Ratio of 0.43 as of Jul. 24, 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 V.S Industry Bhd and its competitors. This is 79% below median its historical median of 2.04. Over the past decade, V.S Industry Bhd's Cyclically Adjusted PB Ratio has ranged from 0.32 to 4.72. According to the industry distribution chart, V.S Industry Bhd ranks #196 out of 1979 companies in the Hardware industry, placing it in the top 9.9%.
Is V.S Industry Bhd's Cyclically Adjusted PB Ratio too high?
V.S Industry Bhd's current Cyclically Adjusted PB Ratio of 0.43 is 79% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 4.72. The Hardware industry median Cyclically Adjusted PB Ratio is 2.01. V.S Industry Bhd's value of 0.43 is 78.6% below this industry median. Based on the distribution chart, V.S Industry Bhd ranks #196 out of 1979 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, V.S Industry Bhd has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does V.S Industry Bhd's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, V.S Industry Bhd ranks #196 out of 1979 companies for Cyclically Adjusted PB Ratio. This places V.S Industry Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.01. V.S Industry Bhd's value of 0.43 is 78.6% below this benchmark. Historically, V.S Industry Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 4.72 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 2.01, V.S Industry 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.01, based on 1,979 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. V.S Industry Bhd's current Cyclically Adjusted PB Ratio of 0.43 is 78.6% 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 V.S Industry Bhd and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V.S Industry Bhd's current Cyclically Adjusted PB Ratio is 0.43, which is 79% below median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V.S Industry Bhd stock overvalued right now?
Based on GuruFocus' analysis, V.S Industry Bhd (XKLS:6963) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.71, compared to a current price of RM0.25 — trading 64.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is 79% below median its 10-year median of 2.04 and 78.6% below the Hardware industry median of 2.01. V.S Industry Bhd's overall GF Score™ is 46/100 with 6 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 V.S Industry Bhd (XKLS:6963), the current Cyclically Adjusted PB Ratio is 0.43 as of Jul. 24, 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 V.S Industry Bhd (XKLS:6963) Overvalued in 2026?

Based on GuruFocus' analysis, V.S Industry Bhd stock appears to be undervalued. The current stock price of RM0.25 is trading 64.8% below its estimated GF Value™ of RM0.71. GuruFocus considers V.S Industry Bhd to be Possible Value Trap.

Key valuation signals for XKLS:6963:

  • Cyclically Adjusted PB Ratio: 0.43 (79% below median its 10-year median of 2.04)
  • GF Value™: RM0.71 vs. price of RM0.25 (64.8% below fair value)
  • GF Score™: 46/100 with 6 warning signs
  • Industry Position: 78.6% below the Hardware median (#196 of 1979)

No single metric tells the full story. See the XKLS:6963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V.S Industry Bhd Business Description

Address No. 88 Jalan I-Park SAC 5, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400
V.S Industry Bhd is engaged in the manufacturing, assembling and sale of electronic and electrical products and plastic moulded components and parts, and operates as an Electronics Manufacturing Services (EMS) provider. Its manufacturing services include plastic injection mould design and moulding, printed circuit board production, automated assembly, and packaging and logistics. The Group operates in two segments: Malaysia, covering manufacturing, assembling and sales based in Malaysia with branches in Singapore and the Philippines; and Indonesia, involving assembly, sales and injection moulding activities. Geographically, the Group derives a majority of its revenue from Malaysia and also has a presence in the United States of America, Europe, Singapore, the PRC, and other regions.
46GF Score

Get the complete analysis for XKLS:6963

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

RM0.25
Price
RM0.71
GF Value