Pertama Digital Bhd (XKLS:8532) Cyclically Adjusted PB Ratio: 0.26 (As of Jul. 27, 2026) — 68% Below Median

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Director of Data and Quant Analytics at GuruFocus
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What is Pertama Digital Bhd Cyclically Adjusted PB Ratio?

Pertama Digital Bhd XKLS:8532 Cyclically Adjusted PB Ratio is 0.26 as of Jul. 27, 2026, which is 68% below its 10-year median of 0.82. The stock has 3 warning signs investors should review.

As of today (2026-07-27), Pertama Digital Bhd's current share price is RM0.095. Pertama Digital Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.36. Pertama Digital Bhd's Cyclically Adjusted PB Ratio for today is 0.26.

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

XKLS:8532' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.82   Max: 8.79
Current: 0.26

During the past years, Pertama Digital Bhd's highest Cyclically Adjusted PB Ratio was 8.79. The lowest was 0.13. And the median was 0.82.

XKLS:8532's Cyclically Adjusted PB Ratio is not ranked
in the Software industry.
Industry Median: 2.24 vs XKLS:8532: 0.26

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.

Pertama Digital Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.028. 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 RM0.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pertama Digital Bhd  (XKLS:8532) 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.


Pertama Digital Bhd Cyclically Adjusted PB Ratio Related Terms


Pertama Digital Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pertama Digital 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.

Pertama Digital Bhd Cyclically Adjusted PB Ratio Chart

Pertama Digital Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.73 3.58 5.69 0.47

Pertama Digital Bhd Quarterly Data
Sep20 Mar21 Sep21 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 0.28 0.26 0.26 0.26 0.26

XKLS:8532 vs CRM, SHOP, INTU: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Pertama Digital 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.


Pertama Digital Bhd Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Pertama Digital Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pertama Digital 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.095/0.36
=0.26

* 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.

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

For example, Pertama Digital 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)
=0.028/330.2130*330.2130
=0.028

Current CPI (Mar. 2026) = 330.2130.

Pertama Digital Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.525 238.638 0.726
201509 0.607 237.945 0.842
201512 0.574 236.525 0.801
201603 0.527 238.132 0.731
201606 0.525 241.018 0.719
201609 0.542 241.428 0.741
201612 0.566 241.432 0.774
201703 0.488 243.801 0.661
201706 0.482 244.955 0.650
201709 0.469 246.819 0.627
201803 0.454 249.554 0.601
201806 0.462 251.989 0.605
201809 0.460 252.439 0.602
201812 0.457 251.233 0.601
201903 0.461 254.202 0.599
201906 0.269 256.143 0.347
201909 0.276 256.759 0.355
201912 0.253 256.974 0.325
202003 0.265 258.115 0.339
202006 0.287 257.797 0.368
202009 0.296 260.280 0.376
202103 0.316 264.877 0.394
202109 0.143 274.310 0.172
202203 0.312 287.504 0.358
202206 0.308 296.311 0.343
202209 0.127 296.808 0.141
202212 0.034 296.797 0.038
202303 0.030 301.836 0.033
202306 0.043 305.109 0.047
202309 0.042 307.789 0.045
202312 0.043 306.746 0.046
202403 0.040 312.332 0.042
202406 0.040 314.175 0.042
202409 0.041 315.301 0.043
202412 0.042 315.605 0.044
202503 0.042 319.799 0.043
202506 0.042 322.561 0.043
202509 0.040 324.800 0.041
202512 0.029 324.054 0.030
202603 0.028 330.213 0.028

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 0.26 mean?
Pertama Digital Bhd (XKLS:8532) has a Cyclically Adjusted PB Ratio of 0.26 as of Jul. 27, 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 Pertama Digital Bhd and its competitors. This is 68% below median its historical median of 0.82. Over the past decade, Pertama Digital Bhd's Cyclically Adjusted PB Ratio has ranged from 0.13 to 8.79.
Is Pertama Digital Bhd's Cyclically Adjusted PB Ratio too high?
Pertama Digital Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 68% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 8.79. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Pertama Digital Bhd's value of 0.26 is 88.4% below this industry median.
How does Pertama Digital Bhd's Cyclically Adjusted PB Ratio compare to CRM and SHOP?
Pertama Digital Bhd's Cyclically Adjusted PB Ratio of 0.26 can be compared against companies in the Software industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Pertama Digital Bhd's value of 0.26 is 88.4% below this benchmark. Historically, Pertama Digital Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 8.79 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 2.24, Pertama Digital 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,587 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. Pertama Digital Bhd's current Cyclically Adjusted PB Ratio of 0.26 is 88.4% 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 Pertama Digital Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pertama Digital Bhd's current Cyclically Adjusted PB Ratio is 0.26, which is 68% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pertama Digital Bhd stock overvalued right now?
Pertama Digital Bhd (XKLS:8532) has a current Cyclically Adjusted PB Ratio of 0.26. The stock's GF Value™ is RM1.85, compared to a current price of RM0.10 — trading 94.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 68% below median its 10-year median of 0.82 and 88.4% below the Software industry median of 2.24. 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 Pertama Digital Bhd (XKLS:8532), the current Cyclically Adjusted PB Ratio is 0.26 as of Jul. 27, 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.

Pertama Digital Bhd Business Description

Address No. 2, Jalan Kerinchi, Unit E-06-06 & E-06-07, Level 6, Tower 2, Menara Suezcap, KL Gateway, Gerbang Kerinchi Lesta, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Pertama Digital Bhd is an investment holding company in Malaysia. It operates in three reportable segments: Production and Sale of Fabric products; Mobile and digital solutions; and Investment. The company generates all of its revenue from Malaysia, and also has its presence in Singapore.