Thong Guan Industries Bhd (XKLS:7034) Cyclically Adjusted PB Ratio: 0.65 (As of Jul. 29, 2026) — 36% Below Median

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XKLS:7034 Thong Guan Industries Bhd XKLS:7034
75 GF Score
Price RM1.51
GF Value RM1.72
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Thong Guan Industries Bhd Cyclically Adjusted PB Ratio?

Thong Guan Industries Bhd XKLS:7034 +0.67% 75 Cyclically Adjusted PB Ratio is 0.65 as of Jul. 29, 2026, which is 36% below its 10-year median of 1.02. GuruFocus rates XKLS:7034 with a GF Score™ of 75/100 and a GF Value™ of RM1.72 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 318 Packaging & Containers companies, Thong Guan Industries Bhd ranks better than 69.81% on this metric.

As of today (2026-07-29), Thong Guan Industries Bhd's current share price is RM1.51. Thong Guan Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.34. Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio for today is 0.65.

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

XKLS:7034' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.02   Max: 2.05
Current: 0.63

During the past years, Thong Guan Industries Bhd's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.45. And the median was 1.02.

XKLS:7034's Cyclically Adjusted PB Ratio is ranked better than
69.81% of 318 companies
in the Packaging & Containers industry
Industry Median: 1.14 vs XKLS:7034: 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.

Thong Guan Industries Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM2.413. 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 RM2.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thong Guan Industries Bhd  (XKLS:7034) 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.


Thong Guan Industries Bhd Cyclically Adjusted PB Ratio Related Terms


Thong Guan Industries Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thong Guan Industries 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.

Thong Guan Industries Bhd Cyclically Adjusted PB Ratio Chart

Thong Guan Industries 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 1.59 1.21 0.89 0.67 0.51

Thong Guan Industries 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 0.51 0.51 0.51 0.51 0.55

XKLS:7034 vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Thong Guan Industries 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.


Thong Guan Industries Bhd Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:7034
75GF Score
Thong Guan Industries Bhd XKLS:7034
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thong Guan Industries 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.

Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.51/2.34
=0.65

* 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.

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

For example, Thong Guan Industries 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)
=2.413/330.2130*330.2130
=2.413

Current CPI (Mar. 2026) = 330.2130.

Thong Guan Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.947 241.018 2.668
201609 1.766 241.428 2.415
201612 1.817 241.432 2.485
201703 1.843 243.801 2.496
201706 1.784 244.955 2.405
201709 1.762 246.819 2.357
201712 1.724 246.524 2.309
201803 1.737 249.554 2.298
201806 1.765 251.989 2.313
201809 1.757 252.439 2.298
201812 1.816 251.233 2.387
201903 1.863 254.202 2.420
201906 1.644 256.143 2.119
201909 1.561 256.759 2.008
201912 1.565 256.974 2.011
202003 1.618 258.115 2.070
202006 1.662 257.797 2.129
202009 1.668 260.280 2.116
202012 1.699 260.474 2.154
202103 1.759 264.877 2.193
202106 1.830 271.696 2.224
202109 1.867 274.310 2.247
202112 1.909 278.802 2.261
202203 1.976 287.504 2.270
202206 2.032 296.311 2.264
202209 2.086 296.808 2.321
202212 2.103 296.797 2.340
202303 2.133 301.836 2.334
202306 2.182 305.109 2.362
202309 2.229 307.789 2.391
202312 2.337 306.746 2.516
202403 2.359 312.332 2.494
202406 2.403 314.175 2.526
202409 2.383 315.301 2.496
202412 2.382 315.605 2.492
202503 2.426 319.799 2.505
202506 2.410 322.561 2.467
202509 2.451 324.800 2.492
202512 2.350 324.054 2.395
202603 2.413 330.213 2.413

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 0.65 mean?
Thong Guan Industries Bhd (XKLS:7034) has a Cyclically Adjusted PB Ratio of 0.65 as of Jul. 29, 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 Thong Guan Industries Bhd and its competitors. This is 36% below median its historical median of 1.02. Over the past decade, Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio has ranged from 0.45 to 2.05. According to the industry distribution chart, Thong Guan Industries Bhd ranks #96 out of 318 companies in the Packaging & Containers industry, placing it in the top 30.2%.
Is Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio too high?
Thong Guan Industries Bhd's current Cyclically Adjusted PB Ratio of 0.65 is 36% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.05. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.14. Thong Guan Industries Bhd's value of 0.65 is 43% below this industry median. Based on the distribution chart, Thong Guan Industries Bhd ranks #96 out of 318 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thong Guan Industries Bhd has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thong Guan Industries Bhd's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thong Guan Industries Bhd ranks #96 out of 318 companies for Cyclically Adjusted PB Ratio. This puts Thong Guan Industries Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Thong Guan Industries Bhd's value of 0.65 is 43% below this benchmark. Historically, Thong Guan Industries Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 2.05 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.14, Thong Guan Industries 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.14, based on 318 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. Thong Guan Industries Bhd's current Cyclically Adjusted PB Ratio of 0.65 is 43% 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 Thong Guan Industries Bhd and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thong Guan Industries Bhd's current Cyclically Adjusted PB Ratio is 0.65, which is 36% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thong Guan Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Thong Guan Industries Bhd (XKLS:7034) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.72, compared to a current price of RM1.51 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is 36% below median its 10-year median of 1.02 and 43% below the Packaging & Containers industry median of 1.14. Thong Guan Industries Bhd's overall GF Score™ is 75/100 with 5 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 Thong Guan Industries Bhd (XKLS:7034), the current Cyclically Adjusted PB Ratio is 0.65 as of Jul. 29, 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 Thong Guan Industries Bhd (XKLS:7034) Overvalued in 2026?

Based on GuruFocus' analysis, Thong Guan Industries Bhd stock appears to be undervalued. The current stock price of RM1.51 is trading 12.2% below its estimated GF Value™ of RM1.72. GuruFocus considers Thong Guan Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7034:

  • Cyclically Adjusted PB Ratio: 0.65 (36% below median its 10-year median of 1.02)
  • GF Value™: RM1.72 vs. price of RM1.51 (12.2% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 43% below the Packaging & Containers median (#96 of 318)

No single metric tells the full story. See the XKLS:7034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thong Guan Industries Bhd Business Description

Address Lot 52, Jalan PKNK 1/6, Kawasan Perusahaan Sungai Petani, Sungai Petani, KDH, MYS, 08000
Thong Guan Industries Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the firm is engaged in the trading of plastic packaging and petroleum products. It operates in two segments, including Plastic products and Food, beverages, and other consumable products. The company generates the majority of the revenue from the plastic products segment, which comprises stretch films, garbage bags, industrial bags, and PVC (Polyvinyl chloride) food wrap. Geographical presence is in Malaysia, Oceania, Europe, North America, other Asian countries, and others.
75GF Score

Get the complete analysis for XKLS:7034

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

RM1.51
Price
RM1.72
GF Value