CN Asia Bhd (XKLS:7986) Cyclically Adjusted PB Ratio: 0.20 (As of Jul. 25, 2026) — 68% Below 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.

What is CN Asia Bhd Cyclically Adjusted PB Ratio?

CN Asia Bhd XKLS:7986 Cyclically Adjusted PB Ratio is 0.20 as of Jul. 25, 2026, which is 68% below its 10-year median of 0.62. The stock has 7 warning signs investors should review. Among 2,280 Industrial Products companies, CN Asia Bhd ranks better than 97.02% on this metric.

As of today (2026-07-25), CN Asia Bhd's current share price is RM0.065. CN Asia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was RM0.32. CN Asia Bhd's Cyclically Adjusted PB Ratio for today is 0.20.

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

XKLS:7986' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.62   Max: 3.15
Current: 0.21

During the past years, CN Asia Bhd's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 0.17. And the median was 0.62.

XKLS:7986's Cyclically Adjusted PB Ratio is ranked better than
97.02% of 2280 companies
in the Industrial Products industry
Industry Median: 2.12 vs XKLS:7986: 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.

CN Asia Bhd's adjusted book value per share data for the three months ended in Sep. 2025 was RM0.083. 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 RM0.32 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CN Asia Bhd  (XKLS:7986) 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.


CN Asia Bhd Cyclically Adjusted PB Ratio Related Terms


CN Asia Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CN Asia 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.

CN Asia Bhd Cyclically Adjusted PB Ratio Chart

CN Asia Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.96 1.54 0.76 0.52

CN Asia Bhd Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.19 0.21 0.19 0.21 0.22

XKLS:7986 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, CN Asia 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.


CN Asia Bhd Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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



CN Asia 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.065/0.32
=0.20

* 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.

CN Asia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, CN Asia Bhd's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.083/324.8000*324.8000
=0.083

Current CPI (Sep. 2025) = 324.8000.

CN Asia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.161 237.945 0.220
201512 0.152 236.525 0.209
201603 0.148 238.132 0.202
201606 0.149 241.018 0.201
201609 0.154 241.428 0.207
201612 0.347 241.432 0.467
201703 0.352 243.801 0.469
201706 0.358 244.955 0.475
201709 0.359 246.819 0.472
201712 0.356 246.524 0.469
201803 0.361 249.554 0.470
201806 0.365 251.989 0.470
201809 0.367 252.439 0.472
201812 0.366 251.233 0.473
201903 0.333 254.202 0.425
201906 0.347 256.143 0.440
201909 0.348 256.759 0.440
201912 0.346 256.974 0.437
202003 0.326 258.115 0.410
202006 0.307 257.797 0.387
202009 0.300 260.280 0.374
202012 0.290 260.474 0.362
202103 0.284 264.877 0.348
202106 0.298 271.696 0.356
202109 0.300 274.310 0.355
202112 0.305 278.802 0.355
202203 0.299 287.504 0.338
202206 0.295 296.311 0.323
202209 0.268 296.808 0.293
202212 0.228 296.797 0.250
202306 0.173 305.109 0.184
202309 0.174 307.789 0.184
202312 0.176 306.746 0.186
202403 0.131 312.332 0.136
202406 0.129 314.175 0.133
202409 0.128 315.301 0.132
202412 0.127 315.605 0.131
202503 0.128 319.799 0.130
202506 0.129 322.561 0.130
202509 0.083 324.800 0.083

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 0.20 mean?
CN Asia Bhd (XKLS:7986) has a Cyclically Adjusted PB Ratio of 0.20 as of Jul. 25, 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 CN Asia Bhd and its competitors. This is 68% below median its historical median of 0.62. Over the past decade, CN Asia Bhd's Cyclically Adjusted PB Ratio has ranged from 0.17 to 3.15. According to the industry distribution chart, CN Asia Bhd ranks #68 out of 2280 companies in the Industrial Products industry, placing it in the top 3%.
Is CN Asia Bhd's Cyclically Adjusted PB Ratio too high?
CN Asia Bhd's current Cyclically Adjusted PB Ratio of 0.20 is 68% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 3.15. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. CN Asia Bhd's value of 0.20 is 90.6% below this industry median. Based on the distribution chart, CN Asia Bhd ranks #68 out of 2280 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers.
How does CN Asia Bhd's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CN Asia Bhd ranks #68 out of 2280 companies for Cyclically Adjusted PB Ratio. This places CN Asia Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.12. CN Asia Bhd's value of 0.20 is 90.6% below this benchmark. Historically, CN Asia Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 3.15 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 2.12, CN Asia 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 2,280 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. CN Asia Bhd's current Cyclically Adjusted PB Ratio of 0.20 is 90.6% 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 CN Asia 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. CN Asia Bhd's current Cyclically Adjusted PB Ratio is 0.20, which is 68% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CN Asia Bhd stock overvalued right now?
Based on GuruFocus' analysis, CN Asia Bhd (XKLS:7986) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.07 — trading 71.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.20, which is 68% below median its 10-year median of 0.62 and 90.6% below the Industrial Products industry median of 2.12. 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 CN Asia Bhd (XKLS:7986), the current Cyclically Adjusted PB Ratio is 0.20 as of Jul. 25, 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.

CN Asia Bhd Business Description

Address Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300
CN Asia Corp Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, pipings for the petroleum industry, specialised engineering and fabrication works, and operating as sub-contractors for civil engineering works. The group's operating business segments are: Manufacturing, Investment, Financial Services, and Energy Management. The majority of its revenue is generated from the Manufacturing segment, which manufactures tanks and other related products, and is involved in engineering and fabrication works. Geographically, the group generates maximum revenue from Malaysia, followed by Hong Kong, Singapore, Brunei, and the Philippines.