N2N Connect Bhd (XKLS:0108) PB Ratio: 0.68 (As of Jul. 17, 2026) — 55% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:0108 N2N Connect Bhd XKLS:0108
36 GF Score
Price RM0.31
GF Value RM0.38
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is N2N Connect Bhd PB Ratio?

N2N Connect Bhd XKLS:0108 +1.64% 36 PB Ratio is 0.68 as of Jul. 17, 2026, which is 55% below its 10-year median of 1.50. GuruFocus rates XKLS:0108 with a GF Score™ of 36/100 and a GF Value™ of RM0.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,629 Software companies, N2N Connect Bhd ranks better than 89.69% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-17), N2N Connect Bhd's share price is RM0.31. N2N Connect Bhd's Book Value per Share for the quarter that ended in Mar. 2026 was RM0.45. Hence, N2N Connect Bhd's PB Ratio of today is 0.68.

Good Sign:

N2N Connect Bhd stock PB Ratio (=0.68) is close to 10-year low of 0.67.

The historical rank and industry rank for N2N Connect Bhd's PB Ratio or its related term are showing as below:

XKLS:0108' s PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.5   Max: 3.28
Current: 0.68

During the past 13 years, N2N Connect Bhd's highest PB Ratio was 3.28. The lowest was 0.65. And the median was 1.50.

XKLS:0108's PB Ratio is ranked better than
89.69% of 2629 companies
in the Software industry
Industry Median: 2.39 vs XKLS:0108: 0.68

During the past 12 months, N2N Connect Bhd's average Book Value Per Share Growth Rate was -0.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of N2N Connect Bhd was 41.60% per year. The lowest was -63.90% per year. And the median was 3.60% per year.

Back to Basics: PB Ratio


N2N Connect Bhd  (XKLS:0108) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


N2N Connect Bhd PB Ratio Related Terms


N2N Connect Bhd PB Ratio Historical Data

* Premium members only.

The historical data trend for N2N Connect Bhd's 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.

N2N Connect Bhd PB Ratio Chart

N2N Connect Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 0.90 0.95 1.00 0.80

N2N Connect Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.88 0.95 0.85 0.80 0.69

XKLS:0108 vs UBER, SHOP, CRM: PB Ratio Comparison

For the Software - Application subindustry, N2N Connect Bhd's PB Ratio, along with its competitors' market caps and 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.


N2N Connect Bhd PB Ratio vs Software Industry

For the Software industry and Technology sector, N2N Connect Bhd's PB Ratio distribution charts can be found below:

* The bar in red indicates where N2N Connect Bhd's PB Ratio falls into.


XKLS:0108
36GF Score
N2N Connect Bhd XKLS:0108
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

N2N Connect Bhd PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

N2N Connect Bhd's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.31/0.454
=0.68

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.68 mean?
N2N Connect Bhd (XKLS:0108) has a PB Ratio of 0.68 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on N2N Connect Bhd and its competitors. This is 55% below median its historical median of 1.50. Over the past decade, N2N Connect Bhd's PB Ratio has ranged from 0.65 to 3.28. According to the industry distribution chart, N2N Connect Bhd ranks #271 out of 2629 companies in the Software industry, placing it in the top 10.3%.
Is N2N Connect Bhd's PB Ratio too high?
N2N Connect Bhd's current PB Ratio of 0.68 is 55% below median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 3.28. The Software industry median PB Ratio is 2.39. N2N Connect Bhd's value of 0.68 is 71.5% below this industry median. Based on the distribution chart, N2N Connect Bhd ranks #271 out of 2629 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, N2N Connect Bhd has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does N2N Connect Bhd's PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, N2N Connect Bhd ranks #271 out of 2629 companies for PB Ratio. This places N2N Connect Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.39. N2N Connect Bhd's value of 0.68 is 71.5% below this benchmark. Historically, N2N Connect Bhd's own PB Ratio has ranged from 0.65 to 3.28 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 2.39, N2N Connect 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.39, based on 2,629 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. N2N Connect Bhd's current PB Ratio of 0.68 is 71.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on N2N Connect Bhd and its competitors. For the Software industry, the median PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N2N Connect Bhd's current PB Ratio is 0.68, which is 55% below median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N2N Connect Bhd stock overvalued right now?
Based on GuruFocus' analysis, N2N Connect Bhd (XKLS:0108) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.38, compared to a current price of RM0.31 — trading 18.4% below its estimated fair value. The current PB Ratio is 0.68, which is 55% below median its 10-year median of 1.50 and 71.5% below the Software industry median of 2.39. N2N Connect Bhd's overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For N2N Connect Bhd (XKLS:0108), the current PB Ratio is 0.68 as of Jul. 17, 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 N2N Connect Bhd (XKLS:0108) Overvalued in 2026?

Based on GuruFocus' analysis, N2N Connect Bhd stock appears to be undervalued. The current stock price of RM0.31 is trading 18.4% below its estimated GF Value™ of RM0.38. GuruFocus considers N2N Connect Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0108:

  • PB Ratio: 0.68 (55% below median its 10-year median of 1.50)
  • GF Value™: RM0.38 vs. price of RM0.31 (18.4% below fair value)
  • GF Score™: 36/100 with 5 warning signs
  • Industry Position: 71.5% below the Software median (#271 of 2629)

No single metric tells the full story. See the XKLS:0108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


N2N Connect Bhd Business Description

Address Avenue 3 Bangsar South No.8, Jalan Kerinchi, Wisma N2N, Level 9, Tower 2, Kuala Lumpur, MYS, 59200
N2N Connect Bhd is an investment holding company. It is engaged in the research and development of software packages, provider of design, programming, consultancy services and related activities. Its products include TCProGlobal, TCPlus, TCMobile, and TCBOS and services range from online trading portals within the stockbroking industry, hosting and managing network services, to wealth and risk management solutions. It operates in Malaysia, Hong Kong, and other countries and generates the majority of the revenue from Hong Kong.
36GF Score

Get the complete analysis for XKLS:0108

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

RM0.31
Price
RM0.38
GF Value