Tiong Nam Logistics Holdings Bhd (XKLS:8397) Cyclically Adjusted PB Ratio: 0.42 (As of Jul. 22, 2026) — Near Median

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XKLS:8397 Tiong Nam Logistics Holdings Bhd XKLS:8397
50 GF Score
Price RM0.80
GF Value RM0.91
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PB Ratio?

Tiong Nam Logistics Holdings Bhd XKLS:8397 50 Cyclically Adjusted PB Ratio is 0.42 as of Jul. 22, 2026, which is 2% below its 10-year median of 0.43. GuruFocus rates XKLS:8397 with a GF Score™ of 50/100 and a GF Value™ of RM0.91 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 738 Transportation companies, Tiong Nam Logistics Holdings Bhd ranks better than 88.21% on this metric.

As of today (2026-07-22), Tiong Nam Logistics Holdings Bhd's current share price is RM0.80. Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.91. Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.42.

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

XKLS:8397' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.43   Max: 0.79
Current: 0.41

During the past years, Tiong Nam Logistics Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.28. And the median was 0.43.

XKLS:8397's Cyclically Adjusted PB Ratio is ranked better than
88.21% of 738 companies
in the Transportation industry
Industry Median: 1.245 vs XKLS:8397: 0.41

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.

Tiong Nam Logistics Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM2.095. 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 RM1.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tiong Nam Logistics Holdings Bhd  (XKLS:8397) 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.


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tiong Nam Logistics 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.

Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PB Ratio Chart

Tiong Nam Logistics Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.45 0.44 0.39 0.40

Tiong Nam Logistics 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 0.39 0.39 0.44 0.42 0.40

XKLS:8397 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics 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.


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:8397
50GF Score
Tiong Nam Logistics Holdings Bhd XKLS:8397
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tiong Nam Logistics 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.

Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.80/1.91
=0.42

* 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.

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

For example, Tiong Nam Logistics 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)
=2.095/330.2130*330.2130
=2.095

Current CPI (Mar. 2026) = 330.2130.

Tiong Nam Logistics Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.406 241.018 1.926
201609 1.373 241.428 1.878
201612 1.426 241.432 1.950
201703 1.484 243.801 2.010
201706 1.482 244.955 1.998
201709 1.472 246.819 1.969
201712 1.492 246.524 1.998
201803 1.485 249.554 1.965
201806 1.521 251.989 1.993
201809 1.525 252.439 1.995
201812 1.527 251.233 2.007
201903 1.476 254.202 1.917
201906 1.483 256.143 1.912
201909 1.484 256.759 1.909
201912 1.489 256.974 1.913
202003 1.497 258.115 1.915
202006 1.486 257.797 1.903
202009 1.544 260.280 1.959
202012 1.367 260.474 1.733
202103 1.503 264.877 1.874
202106 1.506 271.696 1.830
202109 1.497 274.310 1.802
202112 1.540 278.802 1.824
202203 1.498 287.504 1.721
202206 1.500 296.311 1.672
202209 1.505 296.808 1.674
202212 1.505 296.797 1.674
202303 1.689 301.836 1.848
202306 1.692 305.109 1.831
202309 1.694 307.789 1.817
202312 1.780 306.746 1.916
202403 1.800 312.332 1.903
202406 1.807 314.175 1.899
202409 1.792 315.301 1.877
202412 1.794 315.605 1.877
202503 2.026 319.799 2.092
202506 2.042 322.561 2.090
202509 2.034 324.800 2.068
202512 2.060 324.054 2.099
202603 2.095 330.213 2.095

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 0.42 mean?
Tiong Nam Logistics Holdings Bhd (XKLS:8397) has a Cyclically Adjusted PB Ratio of 0.42 as of Jul. 22, 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 Tiong Nam Logistics Holdings Bhd and its competitors. This is near median its historical median of 0.43. Over the past decade, Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.79. According to the industry distribution chart, Tiong Nam Logistics Holdings Bhd ranks #87 out of 738 companies in the Transportation industry, placing it in the top 11.8%.
Is Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.42 is near median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.79. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. Tiong Nam Logistics Holdings Bhd's value of 0.42 is 66.3% below this industry median. Based on the distribution chart, Tiong Nam Logistics Holdings Bhd ranks #87 out of 738 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Tiong Nam Logistics Holdings Bhd has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Tiong Nam Logistics Holdings Bhd ranks #87 out of 738 companies for Cyclically Adjusted PB Ratio. This places Tiong Nam Logistics Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Tiong Nam Logistics Holdings Bhd's value of 0.42 is 66.3% below this benchmark. Historically, Tiong Nam Logistics Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.79 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.25, Tiong Nam Logistics 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 738 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. Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.42 is 66.3% 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 Tiong Nam Logistics Holdings Bhd and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.42, which is near median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tiong Nam Logistics Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tiong Nam Logistics Holdings Bhd (XKLS:8397) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.91, compared to a current price of RM0.80 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.42, which is near median its 10-year median of 0.43 and 66.3% below the Transportation industry median of 1.25. Tiong Nam Logistics Holdings Bhd's overall GF Score™ is 50/100 with 8 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 Tiong Nam Logistics Holdings Bhd (XKLS:8397), the current Cyclically Adjusted PB Ratio is 0.42 as of Jul. 22, 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 Tiong Nam Logistics Holdings Bhd (XKLS:8397) Overvalued in 2026?

Based on GuruFocus' analysis, Tiong Nam Logistics Holdings Bhd stock appears to be undervalued. The current stock price of RM0.80 is trading 12.1% below its estimated GF Value™ of RM0.91. GuruFocus considers Tiong Nam Logistics Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:8397:

  • Cyclically Adjusted PB Ratio: 0.42 (near median its 10-year median of 0.43)
  • GF Value™: RM0.91 vs. price of RM0.80 (12.1% below fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 66.3% below the Transportation median (#87 of 738)

No single metric tells the full story. See the XKLS:8397 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tiong Nam Logistics Holdings Bhd Business Description

Address Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200
Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company that provides fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments, namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and dormitory. It offers a variety of services such as warehouse space management services, trucking and delivery, cross-border transfers, container haulage, heavy transportation, and last-mile delivery for e-commerce companies. The company operates mainly in Malaysia.
50GF Score

Get the complete analysis for XKLS:8397

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

RM0.80
Price
RM0.91
GF Value