Multi-Usage Holdings Bhd (XKLS:9539) Cyclically Adjusted PB Ratio: 0.24 (As of Jul. 28, 2026) — 31% Below Median

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XKLS:9539 Multi-Usage Holdings Bhd XKLS:9539
59 GF Score
Price RM0.38
GF Value RM0.44
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio?

Multi-Usage Holdings Bhd XKLS:9539 +5.56% 59 Cyclically Adjusted PB Ratio is 0.24 as of Jul. 28, 2026, which is 31% below its 10-year median of 0.35. GuruFocus rates XKLS:9539 with a GF Score™ of 59/100 and a GF Value™ of RM0.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,426 Real Estate companies, Multi-Usage Holdings Bhd ranks better than 79.8% on this metric.

As of today (2026-07-28), Multi-Usage Holdings Bhd's current share price is RM0.38. Multi-Usage Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.57. Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.24.

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

XKLS:9539' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.35   Max: 0.72
Current: 0.23

During the past years, Multi-Usage Holdings Bhd's highest Cyclically Adjusted PB Ratio was 0.72. The lowest was 0.21. And the median was 0.35.

XKLS:9539's Cyclically Adjusted PB Ratio is ranked better than
79.8% of 1426 companies
in the Real Estate industry
Industry Median: 0.69 vs XKLS:9539: 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.

Multi-Usage Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.588. 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 RM1.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multi-Usage Holdings Bhd  (XKLS:9539) 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.


Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Multi-Usage 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.

Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio Chart

Multi-Usage Holdings Bhd Annual Data
Trend Dec14 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 0.48 0.39 0.34 0.28 0.25

Multi-Usage 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 0.24 0.25 0.24 0.23 0.22

Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Multi-Usage 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.


Multi-Usage Holdings Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:9539
59GF Score
Multi-Usage Holdings Bhd XKLS:9539
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Multi-Usage 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.

Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.38/1.57
=0.24

* 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.

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

For example, Multi-Usage 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)
=1.588/330.2130*330.2130
=1.588

Current CPI (Mar. 2026) = 330.2130.

Multi-Usage Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 1.337 241.428 1.829
201612 1.340 241.432 1.833
201703 1.300 243.801 1.761
201706 1.295 244.955 1.746
201709 1.274 246.819 1.704
201712 1.238 246.524 1.658
201803 1.225 249.554 1.621
201806 1.189 251.989 1.558
201809 1.174 252.439 1.536
201812 1.169 251.233 1.536
201903 1.160 254.202 1.507
201906 1.179 256.143 1.520
201909 1.167 256.759 1.501
201912 1.158 256.974 1.488
202003 1.142 258.115 1.461
202006 1.126 257.797 1.442
202009 1.136 260.280 1.441
202012 1.147 260.474 1.454
202103 1.173 264.877 1.462
202106 1.223 271.696 1.486
202109 1.233 274.310 1.484
202112 1.255 278.802 1.486
202203 1.333 287.504 1.531
202206 1.368 296.311 1.525
202209 1.418 296.808 1.578
202212 1.423 296.797 1.583
202303 1.428 301.836 1.562
202306 1.444 305.109 1.563
202309 1.454 307.789 1.560
202312 1.442 306.746 1.552
202403 1.428 312.332 1.510
202406 1.526 314.175 1.604
202409 1.534 315.301 1.607
202412 1.543 315.605 1.614
202503 1.559 319.799 1.610
202506 1.563 322.561 1.600
202509 1.573 324.800 1.599
202512 1.566 324.054 1.596
202603 1.588 330.213 1.588

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 0.24 mean?
Multi-Usage Holdings Bhd (XKLS:9539) has a Cyclically Adjusted PB Ratio of 0.24 as of Jul. 28, 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 Multi-Usage Holdings Bhd and its competitors. This is 31% below median its historical median of 0.35. Over the past decade, Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.72. According to the industry distribution chart, Multi-Usage Holdings Bhd ranks #288 out of 1426 companies in the Real Estate industry, placing it in the top 20.2%.
Is Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio too high?
Multi-Usage Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.24 is 31% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.72. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Multi-Usage Holdings Bhd's value of 0.24 is 65.2% below this industry median. Based on the distribution chart, Multi-Usage Holdings Bhd ranks #288 out of 1426 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Multi-Usage Holdings Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multi-Usage Holdings Bhd's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Multi-Usage Holdings Bhd ranks #288 out of 1426 companies for Cyclically Adjusted PB Ratio. This places Multi-Usage Holdings Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. Multi-Usage Holdings Bhd's value of 0.24 is 65.2% below this benchmark. Historically, Multi-Usage Holdings Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.72 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.69, Multi-Usage 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,426 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. Multi-Usage Holdings Bhd's current Cyclically Adjusted PB Ratio of 0.24 is 65.2% 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 Multi-Usage Holdings Bhd and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multi-Usage Holdings Bhd's current Cyclically Adjusted PB Ratio is 0.24, which is 31% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multi-Usage Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Multi-Usage Holdings Bhd (XKLS:9539) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.44, compared to a current price of RM0.38 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 31% below median its 10-year median of 0.35 and 65.2% below the Real Estate industry median of 0.69. Multi-Usage Holdings Bhd's overall GF Score™ is 59/100 with 3 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 Multi-Usage Holdings Bhd (XKLS:9539), the current Cyclically Adjusted PB Ratio is 0.24 as of Jul. 28, 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 Multi-Usage Holdings Bhd (XKLS:9539) Overvalued in 2026?

Based on GuruFocus' analysis, Multi-Usage Holdings Bhd stock appears to be undervalued. The current stock price of RM0.38 is trading 13.6% below its estimated GF Value™ of RM0.44. GuruFocus considers Multi-Usage Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:9539:

  • Cyclically Adjusted PB Ratio: 0.24 (31% below median its 10-year median of 0.35)
  • GF Value™: RM0.44 vs. price of RM0.38 (13.6% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 65.2% below the Real Estate median (#288 of 1426)

No single metric tells the full story. See the XKLS:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Multi-Usage Holdings Bhd Business Description

Address 39, Jalan Sultan Ahmad Shah, 12A-03, Menara Boustead Penang, George Town, PNG, MYS, 10050
Multi-Usage Holdings Bhd is a Malaysia-based company, which is engaged in the provision of fire resistance bricks, precast concrete hollow blocks, precast concrete paving blocks, allan blocks, precast reinforced concrete box culverts, and ready mix concrete. The company's segments includes Property Development, Contracting, and Others. Property development segment undertakes the development of commercial and residential properties. Contracting segment includes the contracting works for the construction project. Others segment consists of Investment holding and provision of management services.
59GF Score

Get the complete analysis for XKLS:9539

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

RM0.38
Price
RM0.44
GF Value