BTM Resources Bhd (XKLS:7188) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 30, 2026) — 52% Below Median

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What is BTM Resources Bhd Cyclically Adjusted PB Ratio?

BTM Resources Bhd XKLS:7188 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 30, 2026, which is 52% below its 10-year median of 0.44. The stock has 3 warning signs investors should review. Among 240 Forest Products companies, BTM Resources Bhd ranks better than 89.58% on this metric.

As of today (2026-07-30), BTM Resources Bhd's current share price is RM0.03. BTM Resources Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.14. BTM Resources Bhd's Cyclically Adjusted PB Ratio for today is 0.21.

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

XKLS:7188' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.44   Max: 1.39
Current: 0.18

During the past years, BTM Resources Bhd's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.17. And the median was 0.44.

XKLS:7188's Cyclically Adjusted PB Ratio is ranked better than
89.58% of 240 companies
in the Forest Products industry
Industry Median: 0.74 vs XKLS:7188: 0.18

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.

BTM Resources Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.041. 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 RM0.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BTM Resources Bhd  (XKLS:7188) 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.


BTM Resources Bhd Cyclically Adjusted PB Ratio Related Terms


BTM Resources Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BTM Resources 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.

BTM Resources Bhd Cyclically Adjusted PB Ratio Chart

BTM Resources Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.23 0.75 0.49 0.43

BTM Resources Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 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 0.36 0.34 0.31 0.21 0.21

XKLS:7188 vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, BTM Resources 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.


BTM Resources Bhd Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, BTM Resources Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BTM Resources 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.03/0.14
=0.21

* 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.

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

For example, BTM Resources 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)
=0.041/330.2130*330.2130
=0.041

Current CPI (Mar. 2026) = 330.2130.

BTM Resources Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.164 236.525 0.229
201603 0.164 238.132 0.227
201606 0.164 241.018 0.225
201609 0.165 241.428 0.226
201612 0.168 241.432 0.230
201703 0.168 243.801 0.228
201706 0.167 244.955 0.225
201709 0.170 246.819 0.227
201712 0.179 246.524 0.240
201803 0.170 249.554 0.225
201806 0.170 251.989 0.223
201809 0.170 252.439 0.222
201812 0.161 251.233 0.212
201903 0.150 254.202 0.195
201906 0.141 256.143 0.182
201909 0.130 256.759 0.167
201912 0.127 256.974 0.163
202003 0.116 258.115 0.148
202006 0.107 257.797 0.137
202009 0.100 260.280 0.127
202012 0.113 260.474 0.143
202103 0.105 264.877 0.131
202106 0.101 271.696 0.123
202109 0.092 274.310 0.111
202112 0.087 278.802 0.103
202203 0.079 287.504 0.091
202206 0.075 296.311 0.084
202209 0.067 296.808 0.075
202212 0.051 296.797 0.057
202303 0.064 301.836 0.070
202306 0.063 305.109 0.068
202309 0.061 307.789 0.065
202312 0.059 306.746 0.064
202403 0.058 312.332 0.061
202406 0.057 314.175 0.060
202409 0.055 315.301 0.058
202412 0.054 315.605 0.056
202503 0.052 319.799 0.054
202509 0.043 324.800 0.044
202603 0.041 330.213 0.041

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 0.21 mean?
BTM Resources Bhd (XKLS:7188) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 30, 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 BTM Resources Bhd and its competitors. This is 52% below median its historical median of 0.44. Over the past decade, BTM Resources Bhd's Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.39. According to the industry distribution chart, BTM Resources Bhd ranks #25 out of 240 companies in the Forest Products industry, placing it in the top 10.4%.
Is BTM Resources Bhd's Cyclically Adjusted PB Ratio too high?
BTM Resources Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 52% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.39. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. BTM Resources Bhd's value of 0.21 is 71.6% below this industry median. Based on the distribution chart, BTM Resources Bhd ranks #25 out of 240 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers.
How does BTM Resources Bhd's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, BTM Resources Bhd ranks #25 out of 240 companies for Cyclically Adjusted PB Ratio. This places BTM Resources Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.74. BTM Resources Bhd's value of 0.21 is 71.6% below this benchmark. Historically, BTM Resources Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.39 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.74, BTM Resources 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.74, based on 240 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. BTM Resources Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 71.6% 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 BTM Resources Bhd and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTM Resources Bhd's current Cyclically Adjusted PB Ratio is 0.21, which is 52% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTM Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, BTM Resources Bhd (XKLS:7188) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.03 — trading 50% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 52% below median its 10-year median of 0.44 and 71.6% below the Forest Products industry median of 0.74. 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 BTM Resources Bhd (XKLS:7188), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 30, 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.

BTM Resources Bhd Business Description

Address Jalan PJU 1/41, No. 35-4, Dataran Prima, Petaling Jaya, SGR, MYS, 47301
BTM Resources Bhd is a Malaysian investment holding company. The principal activities of the company consist of investment holding and the provision of management services. It is engaged in the business of logging, sawmilling, trading in sawn timbers, plywood and logs, timber molding and manufacturing of finger-jointed timber and lamination boards and letting of plant and machinery. The company operates in Malaysia, Australia, Korea, USA and Singapore, of which it generates a majority of the revenue from Malaysia.