Asia File Bhd (XKLS:7129) Cyclically Adjusted PB Ratio: 0.32 (As of Jul. 23, 2026) — 40% Below Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:7129 Asia File Corp Bhd XKLS:7129
64 GF Score
Price RM1.31
GF Value RM1.53
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Asia File Bhd Cyclically Adjusted PB Ratio?

Asia File Bhd XKLS:7129 -0.76% 64 Cyclically Adjusted PB Ratio is 0.32 as of Jul. 23, 2026, which is 40% below its 10-year median of 0.53. GuruFocus rates XKLS:7129 with a GF Score™ of 64/100 and a GF Value™ of RM1.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,281 Industrial Products companies, Asia File Bhd ranks better than 94.52% on this metric.

As of today (2026-07-23), Asia File Bhd's current share price is RM1.31. Asia File Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM4.10. Asia File Bhd's Cyclically Adjusted PB Ratio for today is 0.32.

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

XKLS:7129' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.53   Max: 0.88
Current: 0.31

During the past years, Asia File Bhd's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.31. And the median was 0.53.

XKLS:7129's Cyclically Adjusted PB Ratio is ranked better than
94.52% of 2281 companies
in the Industrial Products industry
Industry Median: 2.12 vs XKLS:7129: 0.31

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.

Asia File Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM3.785. 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 RM4.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia File Bhd  (XKLS:7129) 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.


Asia File Bhd Cyclically Adjusted PB Ratio Related Terms


Asia File Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asia File 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.

Asia File Bhd Cyclically Adjusted PB Ratio Chart

Asia File Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.49 0.58 0.38 0.31

Asia File 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 0.38 0.35 0.34 0.36 0.31

Asia File Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Asia File 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.


Asia File Bhd Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Asia File Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7129
64GF Score
Asia File Corp Bhd XKLS:7129
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia File 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.31/4.10
=0.32

* 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.

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

For example, Asia File 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)
=3.785/330.2130*330.2130
=3.785

Current CPI (Mar. 2026) = 330.2130.

Asia File Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.805 241.018 3.843
201609 2.750 241.428 3.761
201612 2.822 241.432 3.860
201703 2.878 243.801 3.898
201706 2.966 244.955 3.998
201709 2.964 246.819 3.965
201712 3.001 246.524 4.020
201803 3.006 249.554 3.978
201806 3.043 251.989 3.988
201809 3.058 252.439 4.000
201812 3.066 251.233 4.030
201903 3.075 254.202 3.994
201906 3.133 256.143 4.039
201909 3.080 256.759 3.961
201912 3.152 256.974 4.050
202003 3.215 258.115 4.113
202006 3.223 257.797 4.128
202009 3.296 260.280 4.182
202012 3.398 260.474 4.308
202103 3.490 264.877 4.351
202106 3.587 271.696 4.360
202109 3.616 274.310 4.353
202112 3.633 278.802 4.303
202203 3.679 287.504 4.226
202206 3.708 296.311 4.132
202209 3.735 296.808 4.155
202212 3.767 296.797 4.191
202303 3.840 301.836 4.201
202306 3.981 305.109 4.309
202309 3.993 307.789 4.284
202312 4.046 306.746 4.356
202403 4.066 312.332 4.299
202406 4.117 314.175 4.327
202409 4.017 315.301 4.207
202412 4.049 315.605 4.236
202503 3.825 319.799 3.950
202506 3.878 322.561 3.970
202509 3.868 324.800 3.932
202512 3.798 324.054 3.870
202603 3.785 330.213 3.785

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 0.32 mean?
Asia File Bhd (XKLS:7129) has a Cyclically Adjusted PB Ratio of 0.32 as of Jul. 23, 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 Asia File Bhd and its competitors. This is 40% below median its historical median of 0.53. Over the past decade, Asia File Bhd's Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.88. According to the industry distribution chart, Asia File Bhd ranks #125 out of 2281 companies in the Industrial Products industry, placing it in the top 5.5%.
Is Asia File Bhd's Cyclically Adjusted PB Ratio too high?
Asia File Bhd's current Cyclically Adjusted PB Ratio of 0.32 is 40% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.88. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Asia File Bhd's value of 0.32 is 84.9% below this industry median. Based on the distribution chart, Asia File Bhd ranks #125 out of 2281 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Asia File Bhd has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asia File Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Asia File Bhd ranks #125 out of 2281 companies for Cyclically Adjusted PB Ratio. This places Asia File Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.12. Asia File Bhd's value of 0.32 is 84.9% below this benchmark. Historically, Asia File Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.88 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 2.12, Asia File 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,281 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. Asia File Bhd's current Cyclically Adjusted PB Ratio of 0.32 is 84.9% 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 Asia File Bhd and its competitors. For the Industrial Products 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. Asia File Bhd's current Cyclically Adjusted PB Ratio is 0.32, which is 40% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia File Bhd stock overvalued right now?
Based on GuruFocus' analysis, Asia File Bhd (XKLS:7129) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.53, compared to a current price of RM1.31 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 40% below median its 10-year median of 0.53 and 84.9% below the Industrial Products industry median of 2.12. Asia File Bhd's overall GF Score™ is 64/100 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 Asia File Bhd (XKLS:7129), the current Cyclically Adjusted PB Ratio is 0.32 as of Jul. 23, 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 Asia File Bhd (XKLS:7129) Overvalued in 2026?

Based on GuruFocus' analysis, Asia File Bhd stock appears to be undervalued. The current stock price of RM1.31 is trading 14.4% below its estimated GF Value™ of RM1.53. GuruFocus considers Asia File Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7129:

  • Cyclically Adjusted PB Ratio: 0.32 (40% below median its 10-year median of 0.53)
  • GF Value™: RM1.53 vs. price of RM1.31 (14.4% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 84.9% below the Industrial Products median (#125 of 2281)

No single metric tells the full story. See the XKLS:7129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia File Bhd Business Description

Address Phase IV, Mukim 12, Plot 16, Kawasan Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900
Asia File Corp Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, it is engaged in the manufacturing and trading of stationery products, paper and plastic-based related products, and consumer and food ware products. Some of its products include plastic folders, sheet protectors, and flat files; filing/storage boxes; suspension files; clipboards and clipfolders; and others. The group's reportable segments include Filing products, which generate maximum revenue; and Industrial, consumer and food ware products. Geographically, the group generates maximum revenue from Europe, and the rest from Malaysia, Asia (excluding Malaysia), America, and other regions.
64GF Score

Get the complete analysis for XKLS:7129

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

RM1.31
Price
RM1.53
GF Value