Pansar Bhd (XKLS:8419) Cyclically Adjusted PB Ratio: 0.92 (As of Jul. 29, 2026) — 23% Below Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:8419 Pansar Bhd XKLS:8419
67 GF Score
Price RM0.49
GF Value RM1.02
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Pansar Bhd Cyclically Adjusted PB Ratio?

Pansar Bhd XKLS:8419 67 Cyclically Adjusted PB Ratio is 0.92 as of Jul. 29, 2026, which is 23% below its 10-year median of 1.19. GuruFocus rates XKLS:8419 with a GF Score™ of 67/100 and a GF Value™ of RM1.02 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 474 Conglomerates companies, Pansar Bhd ranks better than 54.01% on this metric.

As of today (2026-07-29), Pansar Bhd's current share price is RM0.485. Pansar Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.53. Pansar Bhd's Cyclically Adjusted PB Ratio for today is 0.92.

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

XKLS:8419' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.19   Max: 1.6
Current: 0.9

During the past years, Pansar Bhd's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.84. And the median was 1.19.

XKLS:8419's Cyclically Adjusted PB Ratio is ranked better than
54.01% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs XKLS:8419: 0.90

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.

Pansar Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.513. 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 RM0.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pansar Bhd  (XKLS:8419) 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.


Pansar Bhd Cyclically Adjusted PB Ratio Related Terms


Pansar Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pansar 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.

Pansar Bhd Cyclically Adjusted PB Ratio Chart

Pansar 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 1.38 1.21 1.28 1.14 0.95

Pansar 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 1.14 1.08 1.15 1.04 0.95

XKLS:8419 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Pansar 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.


Pansar Bhd Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


XKLS:8419
67GF Score
Pansar Bhd XKLS:8419
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pansar 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.485/0.53
=0.92

* 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.

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

For example, Pansar 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)
=0.513/330.2130*330.2130
=0.513

Current CPI (Mar. 2026) = 330.2130.

Pansar Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.399 241.018 0.547
201609 0.388 241.428 0.531
201612 0.392 241.432 0.536
201703 0.395 243.801 0.535
201706 0.398 244.955 0.537
201709 0.398 246.819 0.532
201712 0.402 246.524 0.538
201803 0.395 249.554 0.523
201806 0.400 251.989 0.524
201809 0.392 252.439 0.513
201812 0.395 251.233 0.519
201903 0.382 254.202 0.496
201906 0.386 256.143 0.498
201909 0.383 256.759 0.493
201912 0.389 256.974 0.500
202003 0.388 258.115 0.496
202006 0.387 257.797 0.496
202009 0.372 260.280 0.472
202012 0.388 260.474 0.492
202103 0.661 264.877 0.824
202106 0.382 271.696 0.464
202109 0.391 274.310 0.471
202112 0.395 278.802 0.468
202203 0.655 287.504 0.752
202206 0.392 296.311 0.437
202209 0.390 296.808 0.434
202212 0.396 296.797 0.441
202303 0.667 301.836 0.730
202306 0.421 305.109 0.456
202309 0.420 307.789 0.451
202312 0.438 306.746 0.472
202403 0.701 312.332 0.741
202406 0.458 314.175 0.481
202409 0.461 315.301 0.483
202412 0.480 315.605 0.502
202503 0.676 319.799 0.698
202506 0.499 322.561 0.511
202509 0.497 324.800 0.505
202512 0.513 324.054 0.523
202603 0.513 330.213 0.513

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 0.92 mean?
Pansar Bhd (XKLS:8419) has a Cyclically Adjusted PB Ratio of 0.92 as of Jul. 29, 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 Pansar Bhd and its competitors. This is 23% below median its historical median of 1.19. Over the past decade, Pansar Bhd's Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.60. According to the industry distribution chart, Pansar Bhd ranks #218 out of 474 companies in the Conglomerates industry, placing it in the top 46%.
Is Pansar Bhd's Cyclically Adjusted PB Ratio too high?
Pansar Bhd's current Cyclically Adjusted PB Ratio of 0.92 is 23% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.60. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Pansar Bhd's value of 0.92 is 9.8% below this industry median. Based on the distribution chart, Pansar Bhd ranks #218 out of 474 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Pansar Bhd has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pansar Bhd's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Pansar Bhd ranks #218 out of 474 companies for Cyclically Adjusted PB Ratio. This puts Pansar Bhd in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Pansar Bhd's value of 0.92 is 9.8% below this benchmark. Historically, Pansar Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.60 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.02, Pansar 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 474 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. Pansar Bhd's current Cyclically Adjusted PB Ratio of 0.92 is 9.8% 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 Pansar Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pansar Bhd's current Cyclically Adjusted PB Ratio is 0.92, which is 23% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pansar Bhd stock overvalued right now?
Based on GuruFocus' analysis, Pansar Bhd (XKLS:8419) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.02, compared to a current price of RM0.49 — trading 52.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 23% below median its 10-year median of 1.19 and 9.8% below the Conglomerates industry median of 1.02. Pansar Bhd's overall GF Score™ is 67/100 with 2 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 Pansar Bhd (XKLS:8419), the current Cyclically Adjusted PB Ratio is 0.92 as of Jul. 29, 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 Pansar Bhd (XKLS:8419) Overvalued in 2026?

Based on GuruFocus' analysis, Pansar Bhd stock appears to be undervalued. The current stock price of RM0.49 is trading 52.5% below its estimated GF Value™ of RM1.02. GuruFocus considers Pansar Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:8419:

  • Cyclically Adjusted PB Ratio: 0.92 (23% below median its 10-year median of 1.19)
  • GF Value™: RM1.02 vs. price of RM0.49 (52.5% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 9.8% below the Conglomerates median (#218 of 474)

No single metric tells the full story. See the XKLS:8419 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pansar Bhd Business Description

Address 23-27, Jalan Bengkel, 4th Floor, Wisma Pansar, P. O. Box 319, Sibu, SWK, MYS, 96000
Pansar Bhd is an investment holding company. The company's operating segment includes Building and Construction Materials; Marine and Industrial; Agro Engineering; Electrical and Air-conditioning; Heavy Equipment; Mechanical and Electrical and Construction and Infrastructure. It generates maximum revenue from the Construction and Infrastructure segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Singapore.
67GF Score

Get the complete analysis for XKLS:8419

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

RM0.49
Price
RM1.02
GF Value