Milux Bhd (XKLS:7935) Cyclically Adjusted PB Ratio: 3.09 (As of Jul. 24, 2026) — 28% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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:7935 Milux Corp Bhd XKLS:7935
57 GF Score
Price RM0.68
GF Value RM1.20
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Milux Bhd Cyclically Adjusted PB Ratio?

Milux Bhd XKLS:7935 57 Cyclically Adjusted PB Ratio is 3.09 as of Jul. 24, 2026, which is 28% above its 10-year median of 2.42. GuruFocus rates XKLS:7935 with a GF Score™ of 57/100 and a GF Value™ of RM1.20 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 338 Furnishings, Fixtures & Appliances companies, Milux Bhd ranks worse than 80.18% on this metric.

As of today (2026-07-24), Milux Bhd's current share price is RM0.68. Milux Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.22. Milux Bhd's Cyclically Adjusted PB Ratio for today is 3.09.

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

XKLS:7935' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.42   Max: 6.16
Current: 3.09

During the past years, Milux Bhd's highest Cyclically Adjusted PB Ratio was 6.16. The lowest was 1.59. And the median was 2.42.

XKLS:7935's Cyclically Adjusted PB Ratio is ranked worse than
80.18% of 338 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.195 vs XKLS:7935: 3.09

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.

Milux Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.172. 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 RM0.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Milux Bhd  (XKLS:7935) 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.


Milux Bhd Cyclically Adjusted PB Ratio Related Terms


Milux Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Milux 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.

Milux Bhd Cyclically Adjusted PB Ratio Chart

Milux 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 3.84 2.97 2.19 2.37 2.15

Milux 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 2.00 1.86 2.03 2.15 2.89

XKLS:7935 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Milux 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.


Milux Bhd Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Milux Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:7935
57GF Score
Milux Corp Bhd XKLS:7935
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Milux 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.68/0.22
=3.09

* 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.

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

For example, Milux 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)
=0.172/330.2130*330.2130
=0.172

Current CPI (Mar. 2026) = 330.2130.

Milux Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.217 241.018 0.297
201609 0.218 241.428 0.298
201612 0.209 241.432 0.286
201703 0.205 243.801 0.278
201706 0.207 244.955 0.279
201709 0.207 246.819 0.277
201712 0.205 246.524 0.275
201803 0.200 249.554 0.265
201806 0.204 251.989 0.267
201809 0.204 252.439 0.267
201812 0.195 251.233 0.256
201903 0.192 254.202 0.249
201906 0.188 256.143 0.242
201909 0.181 256.759 0.233
201912 0.177 256.974 0.227
202003 0.175 258.115 0.224
202006 0.172 257.797 0.220
202009 0.175 260.280 0.222
202012 0.156 260.474 0.198
202103 0.162 264.877 0.202
202106 0.172 271.696 0.209
202109 0.175 274.310 0.211
202112 0.181 278.802 0.214
202203 0.182 287.504 0.209
202206 0.182 296.311 0.203
202209 0.201 296.808 0.224
202212 0.194 296.797 0.216
202303 0.188 301.836 0.206
202306 0.181 305.109 0.196
202309 0.177 307.789 0.190
202312 0.173 306.746 0.186
202403 0.172 312.332 0.182
202406 0.170 314.175 0.179
202409 0.169 315.301 0.177
202412 0.161 315.605 0.168
202503 0.156 319.799 0.161
202506 0.156 322.561 0.160
202509 0.162 324.800 0.165
202512 0.173 324.054 0.176
202603 0.172 330.213 0.172

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 3.09 mean?
Milux Bhd (XKLS:7935) has a Cyclically Adjusted PB Ratio of 3.09 as of Jul. 24, 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 Milux Bhd and its competitors. This is 28% above median its historical median of 2.42. Over the past decade, Milux Bhd's Cyclically Adjusted PB Ratio has ranged from 1.59 to 6.16. According to the industry distribution chart, Milux Bhd ranks #271 out of 338 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 80.2%.
Is Milux Bhd's Cyclically Adjusted PB Ratio too high?
Milux Bhd's current Cyclically Adjusted PB Ratio of 3.09 is 28% above median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 6.16. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Milux Bhd's value of 3.09 is 158.6% above this industry median. Based on the distribution chart, Milux Bhd ranks #271 out of 338 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Milux Bhd has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Milux Bhd's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Milux Bhd ranks #271 out of 338 companies for Cyclically Adjusted PB Ratio. This places Milux Bhd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Milux Bhd's value of 3.09 is 158.6% above this benchmark. Historically, Milux Bhd's own Cyclically Adjusted PB Ratio has ranged from 1.59 to 6.16 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 1.20, Milux 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 338 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. Milux Bhd's current Cyclically Adjusted PB Ratio of 3.09 is 158.6% 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 Milux Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milux Bhd's current Cyclically Adjusted PB Ratio is 3.09, which is 28% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milux Bhd stock overvalued right now?
Based on GuruFocus' analysis, Milux Bhd (XKLS:7935) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.20, compared to a current price of RM0.68 — trading 43.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.09, which is 28% above median its 10-year median of 2.42 and 158.6% above the Furnishings, Fixtures & Appliances industry median of 1.20. Milux Bhd's overall GF Score™ is 57/100 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 Milux Bhd (XKLS:7935), the current Cyclically Adjusted PB Ratio is 3.09 as of Jul. 24, 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 Milux Bhd (XKLS:7935) Overvalued in 2026?

Based on GuruFocus' analysis, Milux Bhd stock appears to be undervalued. The current stock price of RM0.68 is trading 43.3% below its estimated GF Value™ of RM1.20. GuruFocus considers Milux Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7935:

  • Cyclically Adjusted PB Ratio: 3.09 (28% above median its 10-year median of 2.42)
  • GF Value™: RM1.20 vs. price of RM0.68 (43.3% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 158.6% above the Furnishings, Fixtures & Appliances median (#271 of 338)

No single metric tells the full story. See the XKLS:7935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Milux Bhd Business Description

Address Lot 753, Jalan Subang 3, Taman Perindustrian Subang, Subang Jaya, SGR, MYS, 47610
Milux Corp Bhd is engaged in trading gas and home appliances. The company through its subsidaires engages in distribution of gas and home electrical appliances under its core brand, MILUX throughout Peninsula and East Malaysia; trading of gas and home electrical appliances under OEM brands; and wholesale of construction materials. The segments of the company include Home appliance, deals in household appliances and their related products; Construction material, engaged in the business of wholesale of construction materials; and Others, engaged in Investment holding and provision of management services Its products include fan series, gas appliances, home appliances, kitchen appliances, and kitchenware.
57GF Score

Get the complete analysis for XKLS:7935

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

RM0.68
Price
RM1.20
GF Value