CWG Holdings Bhd (XKLS:9423) Cyclically Adjusted PB Ratio: 0.22 (As of Aug. 01, 2026) — 50% Below Median

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XKLS:9423 CWG Holdings Bhd XKLS:9423
54 GF Score
Price RM0.15
GF Value RM0.28
Valuation Significantly Undervalued
! 5 Warning Signs
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What is CWG Holdings Bhd Cyclically Adjusted PB Ratio?

CWG Holdings Bhd XKLS:9423 54 Cyclically Adjusted PB Ratio is 0.22 as of Aug. 01, 2026, which is 50% below its 10-year median of 0.44. GuruFocus rates XKLS:9423 with a GF Score™ of 54/100 and a GF Value™ of RM0.28 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 240 Forest Products companies, CWG Holdings Bhd ranks better than 84.17% on this metric.

As of today (2026-08-01), CWG Holdings Bhd's current share price is RM0.145. CWG Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.66. CWG Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.22.

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

XKLS:9423' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.44   Max: 0.8
Current: 0.23

During the past years, CWG Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.80. The lowest was 0.23. And the median was 0.44.

XKLS:9423's Cyclically Adjusted PB Ratio is ranked better than
84.17% of 240 companies
in the Forest Products industry
Industry Median: 0.735 vs XKLS:9423: 0.23

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.

CWG Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.494. 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 RM0.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CWG Holdings Bhd  (XKLS:9423) 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.


CWG Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


CWG Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CWG 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.

CWG Holdings Bhd Cyclically Adjusted PB Ratio Chart

CWG Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.43 0.42 0.35 0.26

CWG 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 0.28 0.26 0.30 0.28 0.24

XKLS:9423 vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, CWG 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.


CWG Holdings Bhd Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, CWG Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:9423
54GF Score
CWG Holdings Bhd XKLS:9423
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CWG 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.145/0.66
=0.22

* 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.

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

For example, CWG 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)
=0.494/330.2130*330.2130
=0.494

Current CPI (Mar. 2026) = 330.2130.

CWG Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.522 241.018 0.715
201609 0.535 241.428 0.732
201612 0.579 241.432 0.792
201703 0.571 243.801 0.773
201706 0.572 244.955 0.771
201709 0.406 246.819 0.543
201712 0.555 246.524 0.743
201803 0.559 249.554 0.740
201806 0.564 251.989 0.739
201809 0.582 252.439 0.761
201812 0.579 251.233 0.761
201903 0.574 254.202 0.746
201906 0.586 256.143 0.755
201909 0.590 256.759 0.759
201912 0.588 256.974 0.756
202003 0.579 258.115 0.741
202006 0.592 257.797 0.758
202009 0.593 260.280 0.752
202012 0.585 260.474 0.742
202103 0.583 264.877 0.727
202106 0.577 271.696 0.701
202109 0.579 274.310 0.697
202112 0.573 278.802 0.679
202203 0.521 287.504 0.598
202206 0.533 296.311 0.594
202209 0.540 296.808 0.601
202212 0.545 296.797 0.606
202303 0.546 301.836 0.597
202306 0.560 305.109 0.606
202309 0.561 307.789 0.602
202312 0.561 306.746 0.604
202403 0.553 312.332 0.585
202406 0.545 314.175 0.573
202409 0.540 315.301 0.566
202412 0.462 315.605 0.483
202503 0.470 319.799 0.485
202506 0.483 322.561 0.494
202509 0.492 324.800 0.500
202512 0.495 324.054 0.504
202603 0.494 330.213 0.494

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 0.22 mean?
CWG Holdings Bhd (XKLS:9423) has a Cyclically Adjusted PB Ratio of 0.22 as of Aug. 01, 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 CWG Holdings Bhd and its competitors. This is 50% below median its historical median of 0.44. Over the past decade, CWG Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.80. According to the industry distribution chart, CWG Holdings Bhd ranks #38 out of 240 companies in the Forest Products industry, placing it in the top 15.8%.
Is CWG Holdings Bhd's Cyclically Adjusted PB Ratio too high?
CWG Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.22 is 50% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.80. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. CWG Holdings Bhd's value of 0.22 is 70.1% below this industry median. Based on the distribution chart, CWG Holdings Bhd ranks #38 out of 240 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, CWG Holdings Bhd has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CWG Holdings Bhd's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, CWG Holdings Bhd ranks #38 out of 240 companies for Cyclically Adjusted PB Ratio. This places CWG Holdings Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.74. CWG Holdings Bhd's value of 0.22 is 70.1% below this benchmark. Historically, CWG Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.80 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.74, CWG 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.74, based on 240 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. CWG Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.22 is 70.1% 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 CWG Holdings Bhd and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CWG Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.22, which is 50% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CWG Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, CWG Holdings Bhd (XKLS:9423) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.15 — trading 48.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is 50% below median its 10-year median of 0.44 and 70.1% below the Forest Products industry median of 0.74. CWG Holdings Bhd's overall GF Score™ is 54/100 with 5 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 CWG Holdings Bhd (XKLS:9423), the current Cyclically Adjusted PB Ratio is 0.22 as of Aug. 01, 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 CWG Holdings Bhd (XKLS:9423) Overvalued in 2026?

Based on GuruFocus' analysis, CWG Holdings Bhd stock appears to be undervalued. The current stock price of RM0.15 is trading 48.2% below its estimated GF Value™ of RM0.28. GuruFocus considers CWG Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:9423:

  • Cyclically Adjusted PB Ratio: 0.22 (50% below median its 10-year median of 0.44)
  • GF Value™: RM0.28 vs. price of RM0.15 (48.2% below fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 70.1% below the Forest Products median (#38 of 240)

No single metric tells the full story. See the XKLS:9423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CWG Holdings Bhd Business Description

Address 6428, Lorong Mak Mandin Tiga, Mak Mandin Industrial Estate, Butterworth, Seberang Perai, PNG, MYS, 13400
CWG Holdings Bhd is a Malaysia based investment holding company. Through its subsidiaries, the company is involved in the manufacture and sale of stationery and printing material. The products offered include spiral notebooks, pads, hardcover books, files, paper bags, gift wraps, and the publishing of children's books. The group has three segments namely, Manufacture and sale of stationery and printing materials, property development and Investment holding. The company geographically operates in Malaysia, Other Asian countries, Oceania, Europe, Africa and America. It generates majority of its revenue from Other Asian countries.
54GF Score

Get the complete analysis for XKLS:9423

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

RM0.15
Price
RM0.28
GF Value