Mercury Industries Bhd (XKLS:8192) Cyclically Adjusted PB Ratio: 0.38 (As of Jul. 26, 2026) — 28% 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.

XKLS:8192 Mercury Industries Bhd XKLS:8192
54 GF Score
Price RM0.61
GF Value RM6.72
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Mercury Industries Bhd Cyclically Adjusted PB Ratio?

Mercury Industries Bhd XKLS:8192 54 Cyclically Adjusted PB Ratio is 0.38 as of Jul. 26, 2026, which is 28% below its 10-year median of 0.53. GuruFocus rates XKLS:8192 with a GF Score™ of 54/100 and a GF Value™ of RM6.72 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,359 Construction companies, Mercury Industries Bhd ranks better than 83.81% on this metric.

As of today (2026-07-26), Mercury Industries Bhd's current share price is RM0.61. Mercury Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.62. Mercury Industries Bhd's Cyclically Adjusted PB Ratio for today is 0.38.

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

XKLS:8192' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.53   Max: 0.73
Current: 0.38

During the past years, Mercury Industries Bhd's highest Cyclically Adjusted PB Ratio was 0.73. The lowest was 0.31. And the median was 0.53.

XKLS:8192's Cyclically Adjusted PB Ratio is ranked better than
83.81% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs XKLS:8192: 0.38

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.

Mercury Industries Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.775. 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 RM1.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercury Industries Bhd  (XKLS:8192) 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.


Mercury Industries Bhd Cyclically Adjusted PB Ratio Related Terms


Mercury Industries Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mercury Industries 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.

Mercury Industries Bhd Cyclically Adjusted PB Ratio Chart

Mercury Industries Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.56 0.55 0.54 0.47

Mercury Industries Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.57 0.47 0.49 0.46 0.43

XKLS:8192 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Mercury Industries 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.


Mercury Industries Bhd Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XKLS:8192
54GF Score
Mercury Industries Bhd XKLS:8192
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercury Industries 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.61/1.62
=0.38

* 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.

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

For example, Mercury Industries 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)
=0.775/330.2130*330.2130
=0.775

Current CPI (Mar. 2026) = 330.2130.

Mercury Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201603 1.493 238.132 2.070
201606 1.472 241.018 2.017
201609 1.528 241.428 2.090
201612 1.498 241.432 2.049
201703 1.528 243.801 2.070
201706 1.796 244.955 2.421
201709 1.838 246.819 2.459
201712 1.845 246.524 2.471
201803 1.853 249.554 2.452
201806 1.818 251.989 2.382
201809 1.836 252.439 2.402
201812 1.832 251.233 2.408
201903 1.881 254.202 2.443
201906 1.905 256.143 2.456
201909 1.913 256.759 2.460
201912 1.696 256.974 2.179
202003 1.671 258.115 2.138
202006 1.647 257.797 2.110
202009 1.618 260.280 2.053
202012 1.594 260.474 2.021
202103 1.417 264.877 1.767
202106 1.447 271.696 1.759
202109 1.382 274.310 1.664
202112 0.986 278.802 1.168
202203 0.944 287.504 1.084
202206 0.886 296.311 0.987
202209 0.882 296.808 0.981
202212 0.819 296.797 0.911
202303 0.812 301.836 0.888
202306 0.804 305.109 0.870
202309 0.797 307.789 0.855
202312 0.789 306.746 0.849
202403 0.777 312.332 0.821
202409 0.641 315.301 0.671
202412 0.641 315.605 0.671
202503 0.643 319.799 0.664
202506 0.720 322.561 0.737
202509 0.741 324.800 0.753
202512 0.765 324.054 0.780
202603 0.775 330.213 0.775

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 0.38 mean?
Mercury Industries Bhd (XKLS:8192) has a Cyclically Adjusted PB Ratio of 0.38 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 Mercury Industries Bhd and its competitors. This is 28% below median its historical median of 0.53. Over the past decade, Mercury Industries Bhd's Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.73. According to the industry distribution chart, Mercury Industries Bhd ranks #220 out of 1359 companies in the Construction industry, placing it in the top 16.2%.
Is Mercury Industries Bhd's Cyclically Adjusted PB Ratio too high?
Mercury Industries Bhd's current Cyclically Adjusted PB Ratio of 0.38 is 28% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.73. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Mercury Industries Bhd's value of 0.38 is 67.2% below this industry median. Based on the distribution chart, Mercury Industries Bhd ranks #220 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Mercury Industries Bhd has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercury Industries Bhd's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Mercury Industries Bhd ranks #220 out of 1359 companies for Cyclically Adjusted PB Ratio. This places Mercury Industries Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Mercury Industries Bhd's value of 0.38 is 67.2% below this benchmark. Historically, Mercury Industries Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.73 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.16, Mercury Industries 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. Mercury Industries Bhd's current Cyclically Adjusted PB Ratio of 0.38 is 67.2% 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 Mercury Industries 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. Mercury Industries Bhd's current Cyclically Adjusted PB Ratio is 0.38, which is 28% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mercury Industries Bhd (XKLS:8192) is currently considered Possible Value Trap. The stock's GF Value™ is RM6.72, compared to a current price of RM0.61 — trading 90.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.38, which is 28% below median its 10-year median of 0.53 and 67.2% below the Construction industry median of 1.16. Mercury Industries Bhd's overall GF Score™ is 54/100 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 Mercury Industries Bhd (XKLS:8192), the current Cyclically Adjusted PB Ratio is 0.38 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 Mercury Industries Bhd (XKLS:8192) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury Industries Bhd stock appears to be undervalued. The current stock price of RM0.61 is trading 90.9% below its estimated GF Value™ of RM6.72. GuruFocus considers Mercury Industries Bhd to be Possible Value Trap.

Key valuation signals for XKLS:8192:

  • Cyclically Adjusted PB Ratio: 0.38 (28% below median its 10-year median of 0.53)
  • GF Value™: RM6.72 vs. price of RM0.61 (90.9% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 67.2% below the Construction median (#220 of 1359)

No single metric tells the full story. See the XKLS:8192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercury Industries Bhd Business Description

Address No. 9, Jalan 16/11, Off Jalan Damansara, Unit 3A10, Block G Phileo Damansara 1, Petaling Jaya, SGR, MYS, 46350
Mercury Industries Bhd is an investment holding company engaged in civil and building construction works. Its principal activities include sourcing and trading building materials and other associated products used in the construction and property development industry. The company's segments are property development, which undertakes the development of commercial and residential properties; investment holding, involving investment holding and provision of management services; and complementary business, covering civil and building construction and trading of building materials. and majority of revenue comes from property development. the company operates in Malaysia.
54GF Score

Get the complete analysis for XKLS:8192

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

RM0.61
Price
RM6.72
GF Value