Telekom Malaysia BhdXKLS:4863 +1.47%81 PB Ratio is 2.85 as of Jul. 11, 2026, which is 9% above its 10-year median of 2.62. GuruFocus rates XKLS:4863 with a GF Score™ of 81/100 and a GF Value™ of RM6.83 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 338 Telecommunication Services companies, Telekom Malaysia Bhd ranks worse than 67.46% on this metric.
Telekom Malaysia Bhd stock PB Ratio (=2.84) is close to 5-year high of 3.11.
The historical rank and industry rank for Telekom Malaysia Bhd's PB Ratio or its related term are showing as below:
XKLS:4863'
s PB Ratio Range Over the Past 10 Years
Min: 1.08 Med: 2.62 Max: 3.5
Current: 2.85
During the past 13 years, Telekom Malaysia Bhd's highest PB Ratio was 3.50. The lowest was 1.08. And the median was 2.62.
XKLS:4863's PB Ratio is ranked worse than 67.46% of 338
companies
in the Telecommunication Services industry
Industry Median: 1.845
vs XKLS:4863: 2.85
During the past 12 months, Telekom Malaysia Bhd's average Book Value Per Share Growth Rate was 4.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Telekom Malaysia Bhd was 9.90% per year. The lowest was -44.80% per year. And the median was -0.70% per year.
Back to Basics: PB Ratio
Telekom Malaysia Bhd (XKLS:4863) PB Ratio Explanation
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.
Telekom Malaysia Bhd PB Ratio Related Terms
Telekom Malaysia Bhd PB Ratio Historical Data
* Premium members only.
The historical data trend for Telekom Malaysia 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.
For the Telecom Services subindustry, Telekom Malaysia 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.
Telekom Malaysia Bhd PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telekom Malaysia Bhd's PB Ratio distribution charts can be found below:
* The bar in red indicates where Telekom Malaysia Bhd's PB Ratio falls into.
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.
* 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.
Telekom Malaysia Bhd (XKLS:4863) has a PB Ratio of 2.85 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Telekom Malaysia Bhd and its competitors. This is near median its historical median of 2.62. Over the past decade, Telekom Malaysia Bhd's PB Ratio has ranged from 1.08 to 3.50. According to the industry distribution chart, Telekom Malaysia Bhd ranks #228 out of 338 companies in the Telecommunication Services industry, placing it in the top 67.5%.
Is Telekom Malaysia Bhd's PB Ratio too high?
Telekom Malaysia Bhd's current PB Ratio of 2.85 is near median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 3.50. The Telecommunication Services industry median PB Ratio is 1.85. Telekom Malaysia Bhd's value of 2.85 is 54.5% above this industry median. Based on the distribution chart, Telekom Malaysia Bhd ranks #228 out of 338 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telekom Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telekom Malaysia Bhd's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telekom Malaysia Bhd ranks #228 out of 338 companies for PB Ratio. This places Telekom Malaysia Bhd in the lower half of its industry. The industry median PB Ratio is 1.85. Telekom Malaysia Bhd's value of 2.85 is 54.5% above this benchmark. Historically, Telekom Malaysia Bhd's own PB Ratio has ranged from 1.08 to 3.50 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.85, Telekom Malaysia Bhd has consistently been above 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.85, based on 338 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. Telekom Malaysia Bhd's current PB Ratio of 2.85 is 54.5% above 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 Telekom Malaysia Bhd and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telekom Malaysia Bhd's current PB Ratio is 2.85, which is near median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telekom Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Telekom Malaysia Bhd (XKLS:4863) is currently considered Modestly Overvalued. The stock's GF Value™ is RM6.83, compared to a current price of RM7.58 — trading 11% above its estimated fair value. The current PB Ratio is 2.85, which is near median its 10-year median of 2.62 and 54.5% above the Telecommunication Services industry median of 1.85. Telekom Malaysia Bhd's overall GF Score™ is 81/100 with 4 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 Telekom Malaysia Bhd (XKLS:4863), the current PB Ratio is 2.85 as of Jul. 11, 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 Telekom Malaysia Bhd (XKLS:4863) Overvalued in 2026?
Based on GuruFocus' analysis, Telekom Malaysia Bhd stock appears to be overvalued.
The current stock price of RM7.58 is trading 11% above its estimated GF Value™ of RM6.83.
GuruFocus considers Telekom Malaysia Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:4863:
PB Ratio: 2.85 (near median its 10-year median of 2.62)
GF Value™: RM6.83 vs. price of RM7.58 (11% above fair value)
Industry Position: 54.5% above the Telecommunication Services median (#228 of 338)
No single metric tells the full story. See the XKLS:4863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telekom Malaysia Bhd is a telecommunications company. It generates revenue from the Internet and multimedia services, Data services, Voice services, Non-telecommunications related services, and Other telecommunications-related services, in which it generates the majority of its revenue from Internet and multimedia services. The company owns telecommunications infrastructure. The Group has identified a single reportable segment of providing fixed-mobile convergence services, which offers integrated broadband, mobile, and data services, digital content, as well as other solutions. It generates the vast majority of its revenue in Malaysia.
81GF Score
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