MCE Holdings Bhd (XKLS:7004) Cyclically Adjusted PB Ratio: 1.26 (As of Jul. 22, 2026) — 59% Above Median

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XKLS:7004 MCE Holdings Bhd XKLS:7004
81 GF Score
Price RM1.49
GF Value RM1.62
Valuation Fairly Valued
! 4 Warning Signs
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What is MCE Holdings Bhd Cyclically Adjusted PB Ratio?

MCE Holdings Bhd XKLS:7004 +0.68% 81 Cyclically Adjusted PB Ratio is 1.26 as of Jul. 22, 2026, which is 59% above its 10-year median of 0.79. GuruFocus rates XKLS:7004 with a GF Score™ of 81/100 and a GF Value™ of RM1.62 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,032 Vehicles & Parts companies, MCE Holdings Bhd ranks better than 50.39% on this metric.

As of today (2026-07-22), MCE Holdings Bhd's current share price is RM1.49. MCE Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was RM1.18. MCE Holdings Bhd's Cyclically Adjusted PB Ratio for today is 1.26.

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

XKLS:7004' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.79   Max: 1.7
Current: 1.27

During the past years, MCE Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.17. And the median was 0.79.

XKLS:7004's Cyclically Adjusted PB Ratio is ranked better than
50.39% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs XKLS:7004: 1.27

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.

MCE Holdings Bhd's adjusted book value per share data for the three months ended in Apr. 2026 was RM1.226. 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 RM1.18 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MCE Holdings Bhd  (XKLS:7004) 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.


MCE Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


MCE Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MCE 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.

MCE Holdings Bhd Cyclically Adjusted PB Ratio Chart

MCE Holdings 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 0.62 0.43 0.80 1.50 1.25

MCE Holdings 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 1.26 1.25 1.59 1.32 1.22

XKLS:7004 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, MCE 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.


MCE Holdings Bhd Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MCE Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7004
81GF Score
MCE Holdings Bhd XKLS:7004
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MCE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.49/1.18
=1.26

* 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.

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

For example, MCE Holdings 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)
=1.226/333.0200*333.0200
=1.226

Current CPI (Apr. 2026) = 333.0200.

MCE Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201607 1.024 240.628 1.417
201610 1.034 241.729 1.424
201701 1.041 242.839 1.428
201704 1.038 244.524 1.414
201707 1.031 244.786 1.403
201710 1.040 246.663 1.404
201801 1.038 247.867 1.395
201804 1.021 250.546 1.357
201807 1.009 252.006 1.333
201810 0.998 252.885 1.314
201901 0.994 251.712 1.315
201904 0.976 255.548 1.272
201907 0.933 256.571 1.211
201910 0.901 257.346 1.166
202001 0.899 257.971 1.161
202004 0.860 256.389 1.117
202007 0.868 259.101 1.116
202010 0.828 260.388 1.059
202101 0.838 261.582 1.067
202104 0.842 267.054 1.050
202107 0.803 273.003 0.980
202110 0.791 276.589 0.952
202201 0.790 281.148 0.936
202204 0.815 289.109 0.939
202207 0.848 296.276 0.953
202210 0.879 298.012 0.982
202301 0.917 299.170 1.021
202304 0.942 303.363 1.034
202307 0.953 305.691 1.038
202310 0.978 307.671 1.059
202401 1.014 308.417 1.095
202404 1.019 313.548 1.082
202407 1.052 314.540 1.114
202410 1.077 315.664 1.136
202501 1.184 317.671 1.241
202504 1.216 320.795 1.262
202507 1.181 323.048 1.217
202510 1.182 0.000
202601 1.173 325.252 1.201
202604 1.226 333.020 1.226

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 1.26 mean?
MCE Holdings Bhd (XKLS:7004) has a Cyclically Adjusted PB Ratio of 1.26 as of Jul. 22, 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 MCE Holdings Bhd and its competitors. This is 59% above median its historical median of 0.79. Over the past decade, MCE Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.70. According to the industry distribution chart, MCE Holdings Bhd ranks #512 out of 1032 companies in the Vehicles & Parts industry, placing it in the top 49.6%.
Is MCE Holdings Bhd's Cyclically Adjusted PB Ratio too high?
MCE Holdings Bhd's current Cyclically Adjusted PB Ratio of 1.26 is 59% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.70. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. MCE Holdings Bhd's value of 1.26 is 0.8% below this industry median. Based on the distribution chart, MCE Holdings Bhd ranks #512 out of 1032 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, MCE Holdings Bhd has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MCE Holdings Bhd's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, MCE Holdings Bhd ranks #512 out of 1032 companies for Cyclically Adjusted PB Ratio. This puts MCE Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. MCE Holdings Bhd's value of 1.26 is 0.8% below this benchmark. Historically, MCE Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.70 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.27, MCE 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 a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,032 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. MCE Holdings Bhd's current Cyclically Adjusted PB Ratio of 1.26 is 0.8% 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 MCE Holdings Bhd and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MCE Holdings Bhd's current Cyclically Adjusted PB Ratio is 1.26, which is 59% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCE Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MCE Holdings Bhd (XKLS:7004) is currently considered Fairly Valued. The stock's GF Value™ is RM1.62, compared to a current price of RM1.49 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.26, which is 59% above median its 10-year median of 0.79 and 0.8% below the Vehicles & Parts industry median of 1.27. MCE Holdings Bhd's overall GF Score™ is 81/100 with 4 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 MCE Holdings Bhd (XKLS:7004), the current Cyclically Adjusted PB Ratio is 1.26 as of Jul. 22, 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 MCE Holdings Bhd (XKLS:7004) Overvalued in 2026?

Based on GuruFocus' analysis, MCE Holdings Bhd stock appears to be undervalued. The current stock price of RM1.49 is trading 8% below its estimated GF Value™ of RM1.62. GuruFocus considers MCE Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:7004:

  • Cyclically Adjusted PB Ratio: 1.26 (59% above median its 10-year median of 0.79)
  • GF Value™: RM1.62 vs. price of RM1.49 (8% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 0.8% below the Vehicles & Parts median (#512 of 1032)

No single metric tells the full story. See the XKLS:7004 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MCE Holdings Bhd Business Description

Address No. 2 and 4, Jalan Waja 7, Kawasan Perindustrian Pandan, Johor Bahru, JHR, MYS, 81100
MCE Holdings Bhd is engaged in the manufacturing and supply of automotive electronics and mechatronics parts. It operates in two segments namely, Automotive parts which comprise of manufacturing and trading of automotive parts which also contribute the majority part of revenue, and the Healthcare services segment comprises various healthcare services. The majority of the company's revenue comes from the Malaysian market.
81GF Score

Get the complete analysis for XKLS:7004

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

RM1.49
Price
RM1.62
GF Value