FBG Holdings Bhd (XKLS:7047) Cyclically Adjusted PB Ratio: 0.24 (As of Jul. 28, 2026) — 58% Below Median

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:7047 FBG Holdings Bhd XKLS:7047
52 GF Score
Price RM0.14
GF Value RM0.30
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is FBG Holdings Bhd Cyclically Adjusted PB Ratio?

FBG Holdings Bhd XKLS:7047 52 Cyclically Adjusted PB Ratio is 0.24 as of Jul. 28, 2026, which is 58% below its 10-year median of 0.57. GuruFocus rates XKLS:7047 with a GF Score™ of 52/100 and a GF Value™ of RM0.30 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,359 Construction companies, FBG Holdings Bhd ranks better than 91.46% on this metric.

As of today (2026-07-28), FBG Holdings Bhd's current share price is RM0.135. FBG Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.57. FBG Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.24.

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

XKLS:7047' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.57   Max: 1.02
Current: 0.24

During the past years, FBG Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.21. And the median was 0.57.

XKLS:7047's Cyclically Adjusted PB Ratio is ranked better than
91.46% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs XKLS:7047: 0.24

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.

FBG Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.432. 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 RM0.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FBG Holdings Bhd  (XKLS:7047) 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.


FBG Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


FBG Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FBG 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.

FBG Holdings Bhd Cyclically Adjusted PB Ratio Chart

FBG Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.54 0.54 0.89 0.43

FBG Holdings 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 0.49 0.43 0.34 0.27 0.23

XKLS:7047 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, FBG 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.


FBG Holdings Bhd Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, FBG Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7047
52GF Score
FBG Holdings Bhd XKLS:7047
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FBG 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.135/0.57
=0.24

* 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.

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

For example, FBG Holdings 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)
=0.432/330.2130*330.2130
=0.432

Current CPI (Mar. 2026) = 330.2130.

FBG Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.358 241.018 0.490
201609 0.362 241.428 0.495
201612 0.361 241.432 0.494
201703 0.397 243.801 0.538
201706 0.409 244.955 0.551
201709 0.416 246.819 0.557
201712 0.422 246.524 0.565
201803 0.434 249.554 0.574
201806 0.416 251.989 0.545
201809 0.438 252.439 0.573
201812 0.437 251.233 0.574
201903 0.424 254.202 0.551
201906 0.427 256.143 0.550
201909 0.442 256.759 0.568
201912 0.469 256.974 0.603
202003 0.470 258.115 0.601
202006 0.470 257.797 0.602
202009 0.486 260.280 0.617
202012 0.513 260.474 0.650
202103 0.540 264.877 0.673
202106 0.539 271.696 0.655
202109 0.539 274.310 0.649
202112 0.524 278.802 0.621
202203 0.523 287.504 0.601
202206 0.526 296.311 0.586
202209 0.532 296.808 0.592
202212 0.520 296.797 0.579
202303 0.522 301.836 0.571
202306 0.496 305.109 0.537
202309 0.499 307.789 0.535
202312 0.523 306.746 0.563
202403 0.563 312.332 0.595
202406 0.566 314.175 0.595
202409 0.570 315.301 0.597
202412 0.560 315.605 0.586
202503 0.554 319.799 0.572
202506 0.553 322.561 0.566
202509 0.546 324.800 0.555
202512 0.432 324.054 0.440
202603 0.432 330.213 0.432

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 0.24 mean?
FBG Holdings Bhd (XKLS:7047) has a Cyclically Adjusted PB Ratio of 0.24 as of Jul. 28, 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 FBG Holdings Bhd and its competitors. This is 58% below median its historical median of 0.57. Over the past decade, FBG Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.02. According to the industry distribution chart, FBG Holdings Bhd ranks #116 out of 1359 companies in the Construction industry, placing it in the top 8.5%.
Is FBG Holdings Bhd's Cyclically Adjusted PB Ratio too high?
FBG Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.24 is 58% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.02. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. FBG Holdings Bhd's value of 0.24 is 79.3% below this industry median. Based on the distribution chart, FBG Holdings Bhd ranks #116 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, FBG Holdings Bhd has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FBG Holdings Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, FBG Holdings Bhd ranks #116 out of 1359 companies for Cyclically Adjusted PB Ratio. This places FBG Holdings Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. FBG Holdings Bhd's value of 0.24 is 79.3% below this benchmark. Historically, FBG Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.02 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.16, FBG 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,359 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. FBG Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.24 is 79.3% 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 FBG Holdings Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FBG Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.24, which is 58% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FBG Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, FBG Holdings Bhd (XKLS:7047) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.30, compared to a current price of RM0.14 — trading 55% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 58% below median its 10-year median of 0.57 and 79.3% below the Construction industry median of 1.16. FBG Holdings Bhd's overall GF Score™ is 52/100 with 7 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 FBG Holdings Bhd (XKLS:7047), the current Cyclically Adjusted PB Ratio is 0.24 as of Jul. 28, 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 FBG Holdings Bhd (XKLS:7047) Overvalued in 2026?

Based on GuruFocus' analysis, FBG Holdings Bhd stock appears to be undervalued. The current stock price of RM0.14 is trading 55% below its estimated GF Value™ of RM0.30. GuruFocus considers FBG Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7047:

  • Cyclically Adjusted PB Ratio: 0.24 (58% below median its 10-year median of 0.57)
  • GF Value™: RM0.30 vs. price of RM0.14 (55% below fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 79.3% below the Construction median (#116 of 1359)

No single metric tells the full story. See the XKLS:7047 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FBG Holdings Bhd Business Description

Address No. 61 and 63, Jalan SS6/12, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
FBG Holdings Bhd is an investment holding company. The company has various operating segments: Property development - involved in the development of commercial and residential properties, Construction - involved as general contractors in the construction industry, Trading - engaged in trading of construction materials, Investment holding - involved in group-level corporate services, Logging and trading of timber - involved in the extraction and trading of timber, Services - involved as transportation and logistics service provider, Plantation - engaged in cultivation and sale of agricultural products, Others - involved as entertainment event and renewable energy company.
52GF Score

Get the complete analysis for XKLS:7047

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

RM0.14
Price
RM0.30
GF Value