Spritzer Bhd (XKLS:7103) Cyclically Adjusted PB Ratio: 3.36 (As of Jul. 26, 2026) — 175% Above Median

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XKLS:7103 Spritzer Bhd XKLS:7103
82 GF Score
Price RM2.89
GF Value RM1.78
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Spritzer Bhd Cyclically Adjusted PB Ratio?

Spritzer Bhd XKLS:7103 +1.40% 82 Cyclically Adjusted PB Ratio is 3.36 as of Jul. 26, 2026, which is 175% above its 10-year median of 1.22. GuruFocus rates XKLS:7103 with a GF Score™ of 82/100 and a GF Value™ of RM1.78 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Spritzer Bhd ranks worse than 70.59% on this metric.

As of today (2026-07-26), Spritzer Bhd's current share price is RM2.89. Spritzer Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.86. Spritzer Bhd's Cyclically Adjusted PB Ratio for today is 3.36.

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

XKLS:7103' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.22   Max: 3.57
Current: 3.36

During the past years, Spritzer Bhd's highest Cyclically Adjusted PB Ratio was 3.57. The lowest was 0.96. And the median was 1.22.

XKLS:7103's Cyclically Adjusted PB Ratio is ranked worse than
70.59% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.12 vs XKLS:7103: 3.36

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.

Spritzer Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.061. 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 RM0.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spritzer Bhd  (XKLS:7103) 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.


Spritzer Bhd Cyclically Adjusted PB Ratio Related Terms


Spritzer Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spritzer 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.

Spritzer Bhd Cyclically Adjusted PB Ratio Chart

Spritzer Bhd Annual Data
Trend May16 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 1.12 1.07 1.24 1.96 3.20

Spritzer 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 1.92 1.88 2.45 3.20 2.75

XKLS:7103 vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Spritzer 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.


Spritzer Bhd Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spritzer Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7103
82GF Score
Spritzer Bhd XKLS:7103
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spritzer 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.89/0.86
=3.36

* 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.

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

For example, Spritzer 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)
=1.061/330.2130*330.2130
=1.061

Current CPI (Mar. 2026) = 330.2130.

Spritzer Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.545 240.229 0.749
201608 0.570 240.849 0.781
201611 0.531 241.353 0.727
201703 0.545 243.801 0.738
201706 0.543 244.955 0.732
201709 0.557 246.819 0.745
201712 0.598 246.524 0.801
201803 0.608 249.554 0.805
201806 0.601 251.989 0.788
201809 0.612 252.439 0.801
201812 0.618 251.233 0.812
201903 0.630 254.202 0.818
201906 0.631 256.143 0.813
201909 0.646 256.759 0.831
201912 0.659 256.974 0.847
202003 0.675 258.115 0.864
202006 0.679 257.797 0.870
202009 0.681 260.280 0.864
202012 0.705 260.474 0.894
202103 0.716 264.877 0.893
202106 0.710 271.696 0.863
202109 0.721 274.310 0.868
202112 0.735 278.802 0.871
202203 0.746 287.504 0.857
202206 0.747 296.311 0.832
202209 0.769 296.808 0.856
202212 0.788 296.797 0.877
202303 0.784 301.836 0.858
202306 0.784 305.109 0.849
202309 0.812 307.789 0.871
202312 0.833 306.746 0.897
202403 0.851 312.332 0.900
202406 0.855 314.175 0.899
202409 0.884 315.301 0.926
202412 0.914 315.605 0.956
202503 0.947 319.799 0.978
202506 0.946 322.561 0.968
202509 0.986 324.800 1.002
202512 1.033 324.054 1.053
202603 1.061 330.213 1.061

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 3.36 mean?
Spritzer Bhd (XKLS:7103) has a Cyclically Adjusted PB Ratio of 3.36 as of Jul. 26, 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 Spritzer Bhd and its competitors. This is 175% above median its historical median of 1.22. Over the past decade, Spritzer Bhd's Cyclically Adjusted PB Ratio has ranged from 0.96 to 3.57. According to the industry distribution chart, Spritzer Bhd ranks #60 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 70.6%.
Is Spritzer Bhd's Cyclically Adjusted PB Ratio too high?
Spritzer Bhd's current Cyclically Adjusted PB Ratio of 3.36 is 175% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 3.57. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.12. Spritzer Bhd's value of 3.36 is 58.5% above this industry median. Based on the distribution chart, Spritzer Bhd ranks #60 out of 85 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Spritzer Bhd has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spritzer Bhd's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spritzer Bhd ranks #60 out of 85 companies for Cyclically Adjusted PB Ratio. This places Spritzer Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Spritzer Bhd's value of 3.36 is 58.5% above this benchmark. Historically, Spritzer Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 3.57 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 2.12, Spritzer Bhd has consistently been above 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.12, based on 85 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. Spritzer Bhd's current Cyclically Adjusted PB Ratio of 3.36 is 58.5% above 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 Spritzer Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spritzer Bhd's current Cyclically Adjusted PB Ratio is 3.36, which is 175% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spritzer Bhd stock overvalued right now?
Based on GuruFocus' analysis, Spritzer Bhd (XKLS:7103) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.78, compared to a current price of RM2.89 — trading 62.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.36, which is 175% above median its 10-year median of 1.22 and 58.5% above the Beverages - Non-Alcoholic industry median of 2.12. Spritzer Bhd's overall GF Score™ is 82/100 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 Spritzer Bhd (XKLS:7103), the current Cyclically Adjusted PB Ratio is 3.36 as of Jul. 26, 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 Spritzer Bhd (XKLS:7103) Overvalued in 2026?

Based on GuruFocus' analysis, Spritzer Bhd stock appears to be overvalued. The current stock price of RM2.89 is trading 62.4% above its estimated GF Value™ of RM1.78. GuruFocus considers Spritzer Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7103:

  • Cyclically Adjusted PB Ratio: 3.36 (175% above median its 10-year median of 1.22)
  • GF Value™: RM1.78 vs. price of RM2.89 (62.4% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 58.5% above the Beverages - Non-Alcoholic median (#60 of 85)

No single metric tells the full story. See the XKLS:7103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spritzer Bhd Business Description

Address Lot 898, Jalan Reservoir, Off Jalan Air Kuning, Taiping, PRK, MYS, 34000
Spritzer Bhd is principally involved in the production and sale of natural mineral water, carbonated flavoured water, distilled water, drinking water and non-carbonated flavoured water, manufacturing and selling of PET preforms, PET bottles, caps, toothbrushes and other plastic products, distribution of bottled water and other consumer products, operator of a mini golf course, recreational park and retail of consumer products, property development and investment holding. The company operates through three segments Manufacturing, Trading, and Others. The company generates majority of revenue from Manufacturing segment. The company's main products includes Everyday Hydration, Sparking Hydration, Flavourful Hydration, etc.
82GF Score

Get the complete analysis for XKLS:7103

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

RM2.89
Price
RM1.78
GF Value