Lay Hong Bhd (XKLS:9385) Cyclically Adjusted PB Ratio: 0.34 (As of Aug. 02, 2026) — 38% Below Median

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XKLS:9385 Lay Hong Bhd XKLS:9385
50 GF Score
Price RM0.24
GF Value RM0.31
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Lay Hong Bhd Cyclically Adjusted PB Ratio?

Lay Hong Bhd XKLS:9385 +2.13% 50 Cyclically Adjusted PB Ratio is 0.34 as of Aug. 02, 2026, which is 38% below its 10-year median of 0.55. GuruFocus rates XKLS:9385 with a GF Score™ of 50/100 and a GF Value™ of RM0.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,425 Consumer Packaged Goods companies, Lay Hong Bhd ranks better than 89.82% on this metric.

As of today (2026-08-02), Lay Hong Bhd's current share price is RM0.24. Lay Hong Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.71. Lay Hong Bhd's Cyclically Adjusted PB Ratio for today is 0.34.

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

XKLS:9385' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.55   Max: 1.04
Current: 0.34

During the past years, Lay Hong Bhd's highest Cyclically Adjusted PB Ratio was 1.04. The lowest was 0.32. And the median was 0.55.

XKLS:9385's Cyclically Adjusted PB Ratio is ranked better than
89.82% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs XKLS:9385: 0.34

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.

Lay Hong Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.093. 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 RM0.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lay Hong Bhd  (XKLS:9385) 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.


Lay Hong Bhd Cyclically Adjusted PB Ratio Related Terms


Lay Hong Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lay Hong 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.

Lay Hong Bhd Cyclically Adjusted PB Ratio Chart

Lay Hong 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 0.58 0.65 0.53 0.37

Lay Hong 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 0.53 0.48 0.45 0.44 0.37

XKLS:9385 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Lay Hong 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.


Lay Hong Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lay Hong Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:9385
50GF Score
Lay Hong Bhd XKLS:9385
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lay Hong 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.24/0.71
=0.34

* 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.

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

For example, Lay Hong 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)
=1.093/330.2130*330.2130
=1.093

Current CPI (Mar. 2026) = 330.2130.

Lay Hong Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.448 241.018 0.614
201609 0.431 241.428 0.589
201612 0.443 241.432 0.606
201703 0.472 243.801 0.639
201706 0.460 244.955 0.620
201709 0.464 246.819 0.621
201712 0.475 246.524 0.636
201803 0.508 249.554 0.672
201806 0.503 251.989 0.659
201809 0.488 252.439 0.638
201812 0.490 251.233 0.644
201903 0.508 254.202 0.660
201906 0.515 256.143 0.664
201909 0.368 256.759 0.473
201912 0.516 256.974 0.663
202003 0.506 258.115 0.647
202006 0.514 257.797 0.658
202009 0.516 260.280 0.655
202012 0.515 260.474 0.653
202103 0.614 264.877 0.765
202106 0.593 271.696 0.721
202109 0.581 274.310 0.699
202112 0.573 278.802 0.679
202203 0.591 287.504 0.679
202206 0.598 296.311 0.666
202209 0.601 296.808 0.669
202212 0.606 296.797 0.674
202303 0.625 301.836 0.684
202306 0.629 305.109 0.681
202309 0.636 307.789 0.682
202312 0.702 306.746 0.756
202403 0.751 312.332 0.794
202406 0.759 314.175 0.798
202409 0.798 315.301 0.836
202412 0.833 315.605 0.872
202503 0.849 319.799 0.877
202506 0.864 322.561 0.884
202509 0.898 324.800 0.913
202512 0.917 324.054 0.934
202603 1.093 330.213 1.093

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 0.34 mean?
Lay Hong Bhd (XKLS:9385) has a Cyclically Adjusted PB Ratio of 0.34 as of Aug. 02, 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 Lay Hong Bhd and its competitors. This is 38% below median its historical median of 0.55. Over the past decade, Lay Hong Bhd's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.04. According to the industry distribution chart, Lay Hong Bhd ranks #145 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 10.2%.
Is Lay Hong Bhd's Cyclically Adjusted PB Ratio too high?
Lay Hong Bhd's current Cyclically Adjusted PB Ratio of 0.34 is 38% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.04. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Lay Hong Bhd's value of 0.34 is 72.6% below this industry median. Based on the distribution chart, Lay Hong Bhd ranks #145 out of 1425 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Lay Hong 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 Lay Hong Bhd's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Lay Hong Bhd ranks #145 out of 1425 companies for Cyclically Adjusted PB Ratio. This places Lay Hong Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Lay Hong Bhd's value of 0.34 is 72.6% below this benchmark. Historically, Lay Hong Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.04 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.24, Lay Hong 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,425 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. Lay Hong Bhd's current Cyclically Adjusted PB Ratio of 0.34 is 72.6% 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 Lay Hong Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lay Hong Bhd's current Cyclically Adjusted PB Ratio is 0.34, which is 38% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lay Hong Bhd stock overvalued right now?
Based on GuruFocus' analysis, Lay Hong Bhd (XKLS:9385) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.31, compared to a current price of RM0.24 — trading 22.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 38% below median its 10-year median of 0.55 and 72.6% below the Consumer Packaged Goods industry median of 1.24. Lay Hong Bhd's overall GF Score™ is 50/100 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 Lay Hong Bhd (XKLS:9385), the current Cyclically Adjusted PB Ratio is 0.34 as of Aug. 02, 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 Lay Hong Bhd (XKLS:9385) Overvalued in 2026?

Based on GuruFocus' analysis, Lay Hong Bhd stock appears to be undervalued. The current stock price of RM0.24 is trading 22.6% below its estimated GF Value™ of RM0.31. GuruFocus considers Lay Hong Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:9385:

  • Cyclically Adjusted PB Ratio: 0.34 (38% below median its 10-year median of 0.55)
  • GF Value™: RM0.31 vs. price of RM0.24 (22.6% below fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 72.6% below the Consumer Packaged Goods median (#145 of 1425)

No single metric tells the full story. See the XKLS:9385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lay Hong Bhd Business Description

Address Jalan Empayar, Off Persiaran, No. 2 Level 10-12, Wisma Lay Hong, Sultan Ibrahim / KU1, Klang, SGR, MYS, 41150
Lay Hong Bhd is engaged in integrated livestock farming and Investment holding. The Company's three core businesses are Integrated livestock farming, Food manufacturing, and Retail business. It generates maximum revenue from the Integrated livestock farming segment that includes layer and broiler operations.
50GF Score

Get the complete analysis for XKLS:9385

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

RM0.24
Price
RM0.31
GF Value