Bertam Alliance Bhd (XKLS:9814) Cyclically Adjusted PB Ratio: 0.19 (As of Jul. 31, 2026) — 46% Above Median

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XKLS:9814 Bertam Alliance Bhd XKLS:9814
51 GF Score
Price RM0.13
GF Value RM0.08
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bertam Alliance Bhd Cyclically Adjusted PB Ratio?

Bertam Alliance Bhd XKLS:9814 51 Cyclically Adjusted PB Ratio is 0.19 as of Jul. 31, 2026, which is 46% above its 10-year median of 0.13. GuruFocus rates XKLS:9814 with a GF Score™ of 51/100 and a GF Value™ of RM0.08 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,418 Real Estate companies, Bertam Alliance Bhd ranks better than 83.78% on this metric.

As of today (2026-07-31), Bertam Alliance Bhd's current share price is RM0.13. Bertam Alliance Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.68. Bertam Alliance Bhd's Cyclically Adjusted PB Ratio for today is 0.19.

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

XKLS:9814' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.13   Max: 0.29
Current: 0.19

During the past years, Bertam Alliance Bhd's highest Cyclically Adjusted PB Ratio was 0.29. The lowest was 0.06. And the median was 0.13.

XKLS:9814's Cyclically Adjusted PB Ratio is ranked better than
83.78% of 1418 companies
in the Real Estate industry
Industry Median: 0.69 vs XKLS:9814: 0.19

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.

Bertam Alliance Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.317. 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 RM0.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bertam Alliance Bhd  (XKLS:9814) 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.


Bertam Alliance Bhd Cyclically Adjusted PB Ratio Related Terms


Bertam Alliance Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bertam Alliance 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.

Bertam Alliance Bhd Cyclically Adjusted PB Ratio Chart

Bertam Alliance Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.07 0.16 0.19 0.15

Bertam Alliance 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 0.23 0.18 0.16 0.15 0.20

XKLS:9814 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Bertam Alliance 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.


Bertam Alliance Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Bertam Alliance Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XKLS:9814
51GF Score
Bertam Alliance Bhd XKLS:9814
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bertam Alliance 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.

Bertam Alliance Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.13/0.68
=0.19

* 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.

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

For example, Bertam Alliance 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)
=0.317/330.2130*330.2130
=0.317

Current CPI (Mar. 2026) = 330.2130.

Bertam Alliance Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.677 241.018 0.928
201609 0.654 241.428 0.895
201612 0.584 241.432 0.799
201703 0.876 243.801 1.186
201706 0.872 244.955 1.176
201709 0.862 246.819 1.153
201712 0.839 246.524 1.124
201803 0.833 249.554 1.102
201806 0.839 251.989 1.099
201809 0.836 252.439 1.094
201812 0.705 251.233 0.927
201903 0.751 254.202 0.976
201906 0.750 256.143 0.967
201909 0.746 256.759 0.959
201912 0.641 256.974 0.824
202003 0.691 258.115 0.884
202006 0.632 257.797 0.810
202009 0.630 260.280 0.799
202012 0.475 260.474 0.602
202103 0.395 264.877 0.492
202106 0.404 271.696 0.491
202109 0.402 274.310 0.484
202112 0.394 278.802 0.467
202203 0.393 287.504 0.451
202206 0.394 296.311 0.439
202209 0.395 296.808 0.439
202212 0.446 296.797 0.496
202303 0.447 301.836 0.489
202306 0.460 305.109 0.498
202309 0.460 307.789 0.494
202312 0.448 306.746 0.482
202403 0.361 312.332 0.382
202406 0.361 314.175 0.379
202409 0.312 315.301 0.327
202412 0.313 315.605 0.327
202503 0.314 319.799 0.324
202506 0.314 322.561 0.321
202509 0.314 324.800 0.319
202512 0.316 324.054 0.322
202603 0.317 330.213 0.317

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 0.19 mean?
Bertam Alliance Bhd (XKLS:9814) has a Cyclically Adjusted PB Ratio of 0.19 as of Jul. 31, 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 Bertam Alliance Bhd and its competitors. This is 46% above median its historical median of 0.13. Over the past decade, Bertam Alliance Bhd's Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.29. According to the industry distribution chart, Bertam Alliance Bhd ranks #230 out of 1418 companies in the Real Estate industry, placing it in the top 16.2%.
Is Bertam Alliance Bhd's Cyclically Adjusted PB Ratio too high?
Bertam Alliance Bhd's current Cyclically Adjusted PB Ratio of 0.19 is 46% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.29. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Bertam Alliance Bhd's value of 0.19 is 72.5% below this industry median. Based on the distribution chart, Bertam Alliance Bhd ranks #230 out of 1418 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Bertam Alliance Bhd has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bertam Alliance Bhd's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Bertam Alliance Bhd ranks #230 out of 1418 companies for Cyclically Adjusted PB Ratio. This places Bertam Alliance Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. Bertam Alliance Bhd's value of 0.19 is 72.5% below this benchmark. Historically, Bertam Alliance Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.29 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.69, Bertam Alliance 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 1,418 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. Bertam Alliance Bhd's current Cyclically Adjusted PB Ratio of 0.19 is 72.5% 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 Bertam Alliance 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. Bertam Alliance Bhd's current Cyclically Adjusted PB Ratio is 0.19, which is 46% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bertam Alliance Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bertam Alliance Bhd (XKLS:9814) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.08, compared to a current price of RM0.13 — trading 62.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 46% above median its 10-year median of 0.13 and 72.5% below the Real Estate industry median of 0.69. Bertam Alliance Bhd's overall GF Score™ is 51/100 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 Bertam Alliance Bhd (XKLS:9814), the current Cyclically Adjusted PB Ratio is 0.19 as of Jul. 31, 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 Bertam Alliance Bhd (XKLS:9814) Overvalued in 2026?

Based on GuruFocus' analysis, Bertam Alliance Bhd stock appears to be overvalued. The current stock price of RM0.13 is trading 62.5% above its estimated GF Value™ of RM0.08. GuruFocus considers Bertam Alliance Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:9814:

  • Cyclically Adjusted PB Ratio: 0.19 (46% above median its 10-year median of 0.13)
  • GF Value™: RM0.08 vs. price of RM0.13 (62.5% above fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 72.5% below the Real Estate median (#230 of 1418)

No single metric tells the full story. See the XKLS:9814 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bertam Alliance Bhd Business Description

Address No.1 Medan Syed Putra Utara, B-21-1, Level 21, Tower B, Northpoint Mid Valley City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Bertam Alliance Bhd is principally involved in property development and the provision of construction management services. The Group operates through three segments namely Property development, Construction and trading of building materials, and Corporate and others. The Property development segment is engaged in developing properties for sale and/or holding properties for own investment purpose. The Construction and trading of building materials segment, which generates maximum revenue, is engaged in performing general construction works and the supply of building materials. The Corporate and others segment includes holding of investments and provision of management services to its subsidiaries. The Group mainly operates in Malaysia.
51GF Score

Get the complete analysis for XKLS:9814

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

RM0.13
Price
RM0.08
GF Value