KESM Industries Bhd (XKLS:9334) Cyclically Adjusted PB Ratio: 0.45 (As of Aug. 05, 2026) — 44% Below Median

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XKLS:9334 KESM Industries Bhd XKLS:9334
74 GF Score
Price RM4.36
GF Value RM3.88
Valuation Modestly Overvalued
! 6 Warning Signs
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What is KESM Industries Bhd Cyclically Adjusted PB Ratio?

KESM Industries Bhd XKLS:9334 -1.13% 74 Cyclically Adjusted PB Ratio is 0.45 as of Aug. 05, 2026, which is 44% below its 10-year median of 0.80. GuruFocus rates XKLS:9334 with a GF Score™ of 74/100 and a GF Value™ of RM3.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 731 Semiconductors companies, KESM Industries Bhd ranks better than 91.52% on this metric.

As of today (2026-08-05), KESM Industries Bhd's current share price is RM4.36. KESM Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was RM9.77. KESM Industries Bhd's Cyclically Adjusted PB Ratio for today is 0.45.

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

XKLS:9334' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.8   Max: 2.42
Current: 0.44

During the past years, KESM Industries Bhd's highest Cyclically Adjusted PB Ratio was 2.42. The lowest was 0.27. And the median was 0.80.

XKLS:9334's Cyclically Adjusted PB Ratio is ranked better than
91.52% of 731 companies
in the Semiconductors industry
Industry Median: 3.1 vs XKLS:9334: 0.44

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.

KESM Industries Bhd's adjusted book value per share data for the three months ended in Apr. 2026 was RM7.972. 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 RM9.77 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KESM Industries Bhd  (XKLS:9334) 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.


KESM Industries Bhd Cyclically Adjusted PB Ratio Related Terms


KESM Industries Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KESM 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.

KESM Industries Bhd Cyclically Adjusted PB Ratio Chart

KESM Industries Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 0.86 0.83 0.67 0.28

KESM Industries Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.31 0.28 0.38 0.32 0.42

XKLS:9334 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, KESM 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.


KESM Industries Bhd Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, KESM Industries Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:9334
74GF Score
KESM Industries Bhd XKLS:9334
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KESM 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.36/9.77
=0.45

* 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.

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

For example, KESM Industries Bhd's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=7.972/333.0200*333.0200
=7.972

Current CPI (Apr. 2026) = 333.0200.

KESM Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201607 6.666 240.628 9.225
201610 6.928 241.729 9.544
201701 7.153 242.839 9.809
201704 7.389 244.524 10.063
201707 7.652 244.786 10.410
201710 7.916 246.663 10.687
201801 8.072 247.867 10.845
201804 8.200 250.546 10.899
201807 8.288 252.006 10.952
201810 8.368 252.885 11.020
201901 8.340 251.712 11.034
201904 8.344 255.548 10.874
201907 8.349 256.571 10.837
201910 8.445 257.346 10.928
202001 8.402 257.971 10.846
202004 8.390 256.389 10.898
202007 8.283 259.101 10.646
202010 8.307 260.388 10.624
202101 8.420 261.582 10.720
202104 8.457 267.054 10.546
202107 8.448 273.003 10.305
202110 8.613 276.589 10.370
202201 8.541 281.148 10.117
202204 8.492 289.109 9.782
202207 8.424 296.276 9.469
202210 8.371 298.012 9.354
202301 8.268 299.170 9.203
202304 8.262 303.363 9.070
202307 8.247 305.691 8.984
202310 8.294 307.671 8.977
202401 8.250 308.417 8.908
202404 8.261 313.548 8.774
202407 8.199 314.540 8.681
202410 7.996 315.664 8.436
202501 7.927 317.671 8.310
202504 7.883 320.795 8.183
202507 7.885 323.048 8.128
202510 7.863 0.000
202601 7.924 325.252 8.113
202604 7.972 333.020 7.972

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 0.45 mean?
KESM Industries Bhd (XKLS:9334) has a Cyclically Adjusted PB Ratio of 0.45 as of Aug. 05, 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 KESM Industries Bhd and its competitors. This is 44% below median its historical median of 0.80. Over the past decade, KESM Industries Bhd's Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.42. According to the industry distribution chart, KESM Industries Bhd ranks #62 out of 731 companies in the Semiconductors industry, placing it in the top 8.5%.
Is KESM Industries Bhd's Cyclically Adjusted PB Ratio too high?
KESM Industries Bhd's current Cyclically Adjusted PB Ratio of 0.45 is 44% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.42. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.10. KESM Industries Bhd's value of 0.45 is 85.5% below this industry median. Based on the distribution chart, KESM Industries Bhd ranks #62 out of 731 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, KESM Industries Bhd has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KESM Industries Bhd's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, KESM Industries Bhd ranks #62 out of 731 companies for Cyclically Adjusted PB Ratio. This places KESM Industries Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.10. KESM Industries Bhd's value of 0.45 is 85.5% below this benchmark. Historically, KESM Industries Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.42 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 3.10, KESM 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.10, based on 731 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. KESM Industries Bhd's current Cyclically Adjusted PB Ratio of 0.45 is 85.5% 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 KESM Industries Bhd and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KESM Industries Bhd's current Cyclically Adjusted PB Ratio is 0.45, which is 44% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KESM Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, KESM Industries Bhd (XKLS:9334) is currently considered Modestly Overvalued. The stock's GF Value™ is RM3.88, compared to a current price of RM4.36 — trading 12.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 44% below median its 10-year median of 0.80 and 85.5% below the Semiconductors industry median of 3.10. KESM Industries Bhd's overall GF Score™ is 74/100 with 6 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 KESM Industries Bhd (XKLS:9334), the current Cyclically Adjusted PB Ratio is 0.45 as of Aug. 05, 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 KESM Industries Bhd (XKLS:9334) Overvalued in 2026?

Based on GuruFocus' analysis, KESM Industries Bhd stock appears to be overvalued. The current stock price of RM4.36 is trading 12.4% above its estimated GF Value™ of RM3.88. GuruFocus considers KESM Industries Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:9334:

  • Cyclically Adjusted PB Ratio: 0.45 (44% below median its 10-year median of 0.80)
  • GF Value™: RM3.88 vs. price of RM4.36 (12.4% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 85.5% below the Semiconductors median (#62 of 731)

No single metric tells the full story. See the XKLS:9334 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KESM Industries Bhd Business Description

Address 17 Jalan SS7/26, 802, 8th Floor, Block C, Kelana Square, Petaling Jaya, SGR, MYS, 47301
KESM Industries Bhd operates through a single business segment, providing essential burn-in and testing services that ensure the reliability of semiconductors, including microprocessors, microcontrollers, and advanced sensors. Serving the semiconductor industry, the company's products support technologies across the automotive, industrial, consumer, and commercial sectors internationally. Its customer base spans key markets in the United States, Europe, and the Asia Pacific, with sales concentrated mainly in Malaysia, the People's Republic of China, Singapore, and other regions, and the majority of revenue comes from Malaysia.
74GF Score

Get the complete analysis for XKLS:9334

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

RM4.36
Price
RM3.88
GF Value