ETA Group Bhd (XKLS:9946) Cyclically Adjusted PB Ratio: 0.48 (As of Jul. 25, 2026) — 20% Above Median

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XKLS:9946 ETA Group Bhd XKLS:9946
40 GF Score
Price RM0.15
GF Value RM0.14
Valuation Fairly Valued
! 4 Warning Signs
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What is ETA Group Bhd Cyclically Adjusted PB Ratio?

ETA Group Bhd XKLS:9946 +11.54% 40 Cyclically Adjusted PB Ratio is 0.48 as of Jul. 25, 2026, which is 20% above its 10-year median of 0.40. GuruFocus rates XKLS:9946 with a GF Score™ of 40/100 and a GF Value™ of RM0.14 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, ETA Group Bhd ranks better than 86.17% on this metric.

As of today (2026-07-25), ETA Group Bhd's current share price is RM0.145. ETA Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM0.30. ETA Group Bhd's Cyclically Adjusted PB Ratio for today is 0.48.

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

XKLS:9946' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.4   Max: 0.77
Current: 0.42

During the past years, ETA Group Bhd's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.26. And the median was 0.40.

XKLS:9946's Cyclically Adjusted PB Ratio is ranked better than
86.17% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs XKLS:9946: 0.42

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.

ETA Group Bhd's adjusted book value per share data for the three months ended in Mar. 2026 was RM0.144. 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 RM0.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ETA Group Bhd  (XKLS:9946) 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.


ETA Group Bhd Cyclically Adjusted PB Ratio Related Terms


ETA Group Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ETA Group 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.

ETA Group Bhd Cyclically Adjusted PB Ratio Chart

ETA Group 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 0.54 0.49 0.29 0.32 0.31

ETA Group 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 0.29 0.31 0.56 0.56 0.48

XKLS:9946 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, ETA Group 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.


ETA Group Bhd Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKLS:9946
40GF Score
ETA Group Bhd XKLS:9946
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ETA Group 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.

ETA Group Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.145/0.30
=0.48

* 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.

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

For example, ETA Group 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)
=0.144/330.2130*330.2130
=0.144

Current CPI (Mar. 2026) = 330.2130.

ETA Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.350 238.132 0.485
201609 0.348 241.428 0.476
201612 0.356 241.432 0.487
201703 0.356 243.801 0.482
201706 0.353 244.955 0.476
201709 0.354 246.819 0.474
201712 0.350 246.524 0.469
201803 0.345 249.554 0.457
201806 0.313 251.989 0.410
201809 0.309 252.439 0.404
201812 0.306 251.233 0.402
201903 0.293 254.202 0.381
201906 0.281 256.143 0.362
201909 0.278 256.759 0.358
201912 0.275 256.974 0.353
202003 0.262 258.115 0.335
202006 0.252 257.797 0.323
202009 0.248 260.280 0.315
202012 0.223 260.474 0.283
202103 0.224 264.877 0.279
202106 0.225 271.696 0.273
202109 0.228 274.310 0.274
202112 0.227 278.802 0.269
202203 0.229 287.504 0.263
202206 0.229 296.311 0.255
202209 0.220 296.808 0.245
202212 0.212 296.797 0.236
202303 0.212 301.836 0.232
202306 0.157 305.109 0.170
202309 0.155 307.789 0.166
202312 0.153 306.746 0.165
202403 0.152 312.332 0.161
202406 0.147 314.175 0.155
202409 0.165 315.301 0.173
202412 0.161 315.605 0.168
202503 0.155 319.799 0.160
202506 0.155 322.561 0.159
202509 0.154 324.800 0.157
202512 0.145 324.054 0.148
202603 0.144 330.213 0.144

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 0.48 mean?
ETA Group Bhd (XKLS:9946) has a Cyclically Adjusted PB Ratio of 0.48 as of Jul. 25, 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 ETA Group Bhd and its competitors. This is 20% above median its historical median of 0.40. Over the past decade, ETA Group Bhd's Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.77. According to the industry distribution chart, ETA Group Bhd ranks #199 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 13.8%.
Is ETA Group Bhd's Cyclically Adjusted PB Ratio too high?
ETA Group Bhd's current Cyclically Adjusted PB Ratio of 0.48 is 20% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.77. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. ETA Group Bhd's value of 0.48 is 62.2% below this industry median. Based on the distribution chart, ETA Group Bhd ranks #199 out of 1439 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, ETA Group Bhd has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ETA Group Bhd's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, ETA Group Bhd ranks #199 out of 1439 companies for Cyclically Adjusted PB Ratio. This places ETA Group Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. ETA Group Bhd's value of 0.48 is 62.2% below this benchmark. Historically, ETA Group Bhd's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.77 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.27, ETA Group 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 1.27, based on 1,439 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. ETA Group Bhd's current Cyclically Adjusted PB Ratio of 0.48 is 62.2% 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 ETA Group Bhd and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ETA Group Bhd's current Cyclically Adjusted PB Ratio is 0.48, which is 20% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETA Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ETA Group Bhd (XKLS:9946) is currently considered Fairly Valued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.15 — trading 3.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 20% above median its 10-year median of 0.40 and 62.2% below the Consumer Packaged Goods industry median of 1.27. ETA Group Bhd's overall GF Score™ is 40/100 with 4 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 ETA Group Bhd (XKLS:9946), the current Cyclically Adjusted PB Ratio is 0.48 as of Jul. 25, 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 ETA Group Bhd (XKLS:9946) Overvalued in 2026?

Based on GuruFocus' analysis, ETA Group Bhd stock appears to be overvalued. The current stock price of RM0.15 is trading 3.6% above its estimated GF Value™ of RM0.14. GuruFocus considers ETA Group Bhd to be Fairly Valued.

Key valuation signals for XKLS:9946:

  • Cyclically Adjusted PB Ratio: 0.48 (20% above median its 10-year median of 0.40)
  • GF Value™: RM0.14 vs. price of RM0.15 (3.6% above fair value)
  • GF Score™: 40/100 with 4 warning signs
  • Industry Position: 62.2% below the Consumer Packaged Goods median (#199 of 1439)

No single metric tells the full story. See the XKLS:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ETA Group Bhd Business Description

Address No. 46C, Plaza Damansara, Jalan Medan Setia 2, Bukit Damansara, Wilayah Persekutuan, Kuala Lumpur, MYS, 50490
ETA Group Bhd is engaged in property development, property management and property investment, as well as construction and construction-related activities, including the trading and supply of construction materials. Its activities include Sourcing of land, Architectural and engineering services, Submission and approvals, Construction, Project management, and Delivery of vacant possession. It operates in two segment the manufacture and distribution of canned food, beverages and premix products and the trading and distribution of construction materials. It derives revenue from Trading and distribution of construction materials segment. Geographically, it operates in Malaysia, Europe, USA, and Asia (excluding Malaysia) with majority of revenue deriving from USA.
40GF Score

Get the complete analysis for XKLS:9946

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

RM0.15
Price
RM0.14
GF Value