Ken Holdings Bhd (XKLS:7323) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 26, 2026) — 32% Below Median

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XKLS:7323 Ken Holdings Bhd XKLS:7323
51 GF Score
Price RM0.46
GF Value RM0.51
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ken Holdings Bhd Cyclically Adjusted PB Ratio?

Ken Holdings Bhd XKLS:7323 51 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 26, 2026, which is 32% below its 10-year median of 0.31. GuruFocus rates XKLS:7323 with a GF Score™ of 51/100 and a GF Value™ of RM0.51 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,359 Construction companies, Ken Holdings Bhd ranks better than 93.08% on this metric.

As of today (2026-07-26), Ken Holdings Bhd's current share price is RM0.46. Ken Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.18. Ken Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.21.

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

XKLS:7323' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.31   Max: 0.5
Current: 0.21

During the past years, Ken Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.50. The lowest was 0.21. And the median was 0.31.

XKLS:7323's Cyclically Adjusted PB Ratio is ranked better than
93.08% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs XKLS:7323: 0.21

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.

Ken Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM2.075. 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 RM2.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ken Holdings Bhd  (XKLS:7323) 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.


Ken Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Ken Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ken 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.

Ken Holdings Bhd Cyclically Adjusted PB Ratio Chart

Ken Holdings 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 0.37 0.30 0.34 0.25 0.23

Ken 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 0.24 0.24 0.25 0.23 0.23

XKLS:7323 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ken 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.


Ken Holdings Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XKLS:7323
51GF Score
Ken Holdings Bhd XKLS:7323
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ken 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.46/2.18
=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.

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

For example, Ken 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)
=2.075/330.2130*330.2130
=2.075

Current CPI (Mar. 2026) = 330.2130.

Ken Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.307 241.018 1.791
201609 1.355 241.428 1.853
201612 1.417 241.432 1.938
201703 1.449 243.801 1.963
201706 1.524 244.955 2.054
201709 1.563 246.819 2.091
201712 1.673 246.524 2.241
201803 1.685 249.554 2.230
201806 1.828 251.989 2.395
201809 1.797 252.439 2.351
201812 1.786 251.233 2.347
201903 1.787 254.202 2.321
201906 1.789 256.143 2.306
201909 1.777 256.759 2.285
201912 1.783 256.974 2.291
202003 1.785 258.115 2.284
202006 1.790 257.797 2.293
202009 1.822 260.280 2.312
202012 1.837 260.474 2.329
202103 1.853 264.877 2.310
202106 1.892 271.696 2.299
202109 1.899 274.310 2.286
202112 1.920 278.802 2.274
202203 1.922 287.504 2.208
202206 1.924 296.311 2.144
202209 1.929 296.808 2.146
202212 1.932 296.797 2.150
202303 1.946 301.836 2.129
202306 1.957 305.109 2.118
202309 1.979 307.789 2.123
202312 1.994 306.746 2.147
202403 2.006 312.332 2.121
202406 2.019 314.175 2.122
202409 2.034 315.301 2.130
202412 2.040 315.605 2.134
202503 2.047 319.799 2.114
202506 2.069 322.561 2.118
202509 2.086 324.800 2.121
202512 2.088 324.054 2.128
202603 2.075 330.213 2.075

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?
Ken Holdings Bhd (XKLS:7323) has a Cyclically Adjusted PB Ratio of 0.21 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 Ken Holdings Bhd and its competitors. This is 32% below median its historical median of 0.31. Over the past decade, Ken Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.50. According to the industry distribution chart, Ken Holdings Bhd ranks #94 out of 1359 companies in the Construction industry, placing it in the top 6.9%.
Is Ken Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Ken Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 32% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.50. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Ken Holdings Bhd's value of 0.21 is 81.9% below this industry median. Based on the distribution chart, Ken Holdings Bhd ranks #94 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Ken Holdings Bhd has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ken Holdings Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Ken Holdings Bhd ranks #94 out of 1359 companies for Cyclically Adjusted PB Ratio. This places Ken Holdings Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Ken Holdings Bhd's value of 0.21 is 81.9% below this benchmark. Historically, Ken Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.50 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.16, Ken 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. Ken Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.21 is 81.9% 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 Ken 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. Ken Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.21, which is 32% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ken Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ken Holdings Bhd (XKLS:7323) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.51, compared to a current price of RM0.46 — trading 9.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 32% below median its 10-year median of 0.31 and 81.9% below the Construction industry median of 1.16. Ken Holdings Bhd's overall GF Score™ is 51/100 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 Ken Holdings Bhd (XKLS:7323), the current Cyclically Adjusted PB Ratio is 0.21 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 Ken Holdings Bhd (XKLS:7323) Overvalued in 2026?

Based on GuruFocus' analysis, Ken Holdings Bhd stock appears to be undervalued. The current stock price of RM0.46 is trading 9.8% below its estimated GF Value™ of RM0.51. GuruFocus considers Ken Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7323:

  • Cyclically Adjusted PB Ratio: 0.21 (32% below median its 10-year median of 0.31)
  • GF Value™: RM0.51 vs. price of RM0.46 (9.8% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 81.9% below the Construction median (#94 of 1359)

No single metric tells the full story. See the XKLS:7323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ken Holdings Bhd Business Description

Address No. 37, Jalan Burhanuddin Helmi, Level 12, Menara KEN TTDI, Taman Tun Dr. Ismail, Kuala Lumpur, SGR, MYS, 60000
Ken Holdings Bhd is engaged in investment holding and the provision of management services. The company operates through three segments: Construction, Property Development, and Property Investment. The construction segment offers specialist engineering services, turnkey contracts, building and civil and engineering works, land reclamation, dredging, and marine and civil engineering. The Property Development segment engages in the development of residential and commercial properties.
51GF Score

Get the complete analysis for XKLS:7323

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

RM0.46
Price
RM0.51
GF Value