Wang- Zheng Bhd (XKLS:7203) Cyclically Adjusted PB Ratio: 0.26 (As of Jul. 29, 2026) — 49% Below Median

Author: Vera Yuan Vera Yuan
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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:7203 Wang- Zheng Bhd XKLS:7203
50 GF Score
Price RM0.38
GF Value RM0.57
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Wang- Zheng Bhd Cyclically Adjusted PB Ratio?

Wang- Zheng Bhd XKLS:7203 50 Cyclically Adjusted PB Ratio is 0.26 as of Jul. 29, 2026, which is 49% below its 10-year median of 0.51. GuruFocus rates XKLS:7203 with a GF Score™ of 50/100 and a GF Value™ of RM0.57 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 243 Forest Products companies, Wang- Zheng Bhd ranks better than 81.89% on this metric.

As of today (2026-07-29), Wang- Zheng Bhd's current share price is RM0.375. Wang- Zheng Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.46. Wang- Zheng Bhd's Cyclically Adjusted PB Ratio for today is 0.26.

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

XKLS:7203' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.51   Max: 0.87
Current: 0.26

During the past years, Wang- Zheng Bhd's highest Cyclically Adjusted PB Ratio was 0.87. The lowest was 0.25. And the median was 0.51.

XKLS:7203's Cyclically Adjusted PB Ratio is ranked better than
81.89% of 243 companies
in the Forest Products industry
Industry Median: 0.74 vs XKLS:7203: 0.26

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.

Wang- Zheng Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.241. 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 RM1.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wang- Zheng Bhd  (XKLS:7203) 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.


Wang- Zheng Bhd Cyclically Adjusted PB Ratio Related Terms


Wang- Zheng Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wang- Zheng 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.

Wang- Zheng Bhd Cyclically Adjusted PB Ratio Chart

Wang- Zheng 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 0.65 0.60 0.49 0.39 0.26

Wang- Zheng 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 0.34 0.27 0.29 0.26 0.28

Wang- Zheng Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Wang- Zheng 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.


Wang- Zheng Bhd Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


XKLS:7203
50GF Score
Wang- Zheng Bhd XKLS:7203
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wang- Zheng 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.

Wang- Zheng Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.375/1.46
=0.26

* 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.

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

For example, Wang- Zheng 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)
=1.241/330.2130*330.2130
=1.241

Current CPI (Mar. 2026) = 330.2130.

Wang- Zheng Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.135 241.018 1.555
201609 1.114 241.428 1.524
201612 1.138 241.432 1.556
201703 1.157 243.801 1.567
201706 1.179 244.955 1.589
201709 1.165 246.819 1.559
201712 1.175 246.524 1.574
201803 1.194 249.554 1.580
201806 1.168 251.989 1.531
201809 1.189 252.439 1.555
201812 1.211 251.233 1.592
201903 1.212 254.202 1.574
201906 1.191 256.143 1.535
201909 1.207 256.759 1.552
201912 1.232 256.974 1.583
202003 1.242 258.115 1.589
202006 1.254 257.797 1.606
202009 1.265 260.280 1.605
202012 1.219 260.474 1.545
202103 1.258 264.877 1.568
202106 1.266 271.696 1.539
202109 1.242 274.310 1.495
202112 1.238 278.802 1.466
202203 1.248 287.504 1.433
202206 1.250 296.311 1.393
202209 1.255 296.808 1.396
202212 1.259 296.797 1.401
202303 1.275 301.836 1.395
202306 1.268 305.109 1.372
202309 1.273 307.789 1.366
202312 1.286 306.746 1.384
202403 1.295 312.332 1.369
202406 1.276 314.175 1.341
202409 1.269 315.301 1.329
202412 1.260 315.605 1.318
202503 1.263 319.799 1.304
202506 1.190 322.561 1.218
202509 1.173 324.800 1.193
202512 1.202 324.054 1.225
202603 1.241 330.213 1.241

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 0.26 mean?
Wang- Zheng Bhd (XKLS:7203) has a Cyclically Adjusted PB Ratio of 0.26 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 Wang- Zheng Bhd and its competitors. This is 49% below median its historical median of 0.51. Over the past decade, Wang- Zheng Bhd's Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.87. According to the industry distribution chart, Wang- Zheng Bhd ranks #44 out of 243 companies in the Forest Products industry, placing it in the top 18.1%.
Is Wang- Zheng Bhd's Cyclically Adjusted PB Ratio too high?
Wang- Zheng Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 49% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.87. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. Wang- Zheng Bhd's value of 0.26 is 64.9% below this industry median. Based on the distribution chart, Wang- Zheng Bhd ranks #44 out of 243 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Wang- Zheng Bhd has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wang- Zheng Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Wang- Zheng Bhd ranks #44 out of 243 companies for Cyclically Adjusted PB Ratio. This places Wang- Zheng Bhd in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.74. Wang- Zheng Bhd's value of 0.26 is 64.9% below this benchmark. Historically, Wang- Zheng Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.87 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.74, Wang- Zheng 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 243 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. Wang- Zheng Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 64.9% 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 Wang- Zheng 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. Wang- Zheng Bhd's current Cyclically Adjusted PB Ratio is 0.26, which is 49% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wang- Zheng Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wang- Zheng Bhd (XKLS:7203) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.57, compared to a current price of RM0.38 — trading 34.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 49% below median its 10-year median of 0.51 and 64.9% below the Forest Products industry median of 0.74. Wang- Zheng Bhd's overall GF Score™ is 50/100 with 3 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 Wang- Zheng Bhd (XKLS:7203), the current Cyclically Adjusted PB Ratio is 0.26 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 Wang- Zheng Bhd (XKLS:7203) Overvalued in 2026?

Based on GuruFocus' analysis, Wang- Zheng Bhd stock appears to be undervalued. The current stock price of RM0.38 is trading 34.2% below its estimated GF Value™ of RM0.57. GuruFocus considers Wang- Zheng Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:7203:

  • Cyclically Adjusted PB Ratio: 0.26 (49% below median its 10-year median of 0.51)
  • GF Value™: RM0.57 vs. price of RM0.38 (34.2% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 64.9% below the Forest Products median (#44 of 243)

No single metric tells the full story. See the XKLS:7203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wang- Zheng Bhd Business Description

Address Number 1 Jalan Utarid U5/19B, Section U5, Shah Alam, SGR, MYS, 40150
Wang- Zheng Bhd is an investment holding company. Through its subsidiaries, the company is involved in the manufacturing and processing of fiber-based products, which include disposable adult and baby diapers, sanitary protection and tissue products, cotton products, and processed papers. It has three segments, Processed Paper Products segment; which comprises of processed and distributed papers including wood-free paper and art paper; Disposable Fibre-Based products segment, which comprises of manufacture and distribution of a wide range of disposable adult and baby diapers, sanitary protection, tissue products, and cotton products; and Investment holding and others; which engages in investment holding and others. Key revenue is generated from Processed papers products segment.
50GF Score

Get the complete analysis for XKLS:7203

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

RM0.38
Price
RM0.57
GF Value