Tropicana Bhd (XKLS:5401) PB Ratio: 0.71 (As of Jul. 16, 2026) — 65% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5401 Tropicana Corp Bhd XKLS:5401
53 GF Score
Price RM1.24
GF Value RM1.41
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Tropicana Bhd PB Ratio?

Tropicana Bhd XKLS:5401 +1.64% 53 PB Ratio is 0.71 as of Jul. 16, 2026, which is 65% above its 10-year median of 0.43. GuruFocus rates XKLS:5401 with a GF Score™ of 53/100 and a GF Value™ of RM1.41 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,712 Real Estate companies, Tropicana Bhd ranks better than 57.24% 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 (2026-07-16), Tropicana Bhd's share price is RM1.24. Tropicana Bhd's Book Value per Share for the quarter that ended in Mar. 2026 was RM1.76. Hence, Tropicana Bhd's PB Ratio of today is 0.71.

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

XKLS:5401' s PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.43   Max: 0.82
Current: 0.71

During the past 13 years, Tropicana Bhd's highest PB Ratio was 0.82. The lowest was 0.29. And the median was 0.43.

XKLS:5401's PB Ratio is ranked better than
57.24% of 1712 companies
in the Real Estate industry
Industry Median: 0.82 vs XKLS:5401: 0.71

During the past 12 months, Tropicana Bhd's average Book Value Per Share Growth Rate was -4.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -7.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -9.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -0.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tropicana Bhd was 12.70% per year. The lowest was -13.90% per year. And the median was -2.40% per year.

Back to Basics: PB Ratio


Tropicana Bhd  (XKLS:5401) 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.


Tropicana Bhd PB Ratio Related Terms


Tropicana Bhd PB Ratio Historical Data

* Premium members only.

The historical data trend for Tropicana 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.

Tropicana Bhd PB Ratio Chart

Tropicana 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 0.37 0.56 0.63 0.70 0.68

Tropicana 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 0.62 0.62 0.65 0.68 0.70

Tropicana Bhd PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Tropicana 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.


Tropicana Bhd PB Ratio vs Real Estate Industry

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

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


XKLS:5401
53GF Score
Tropicana Corp Bhd XKLS:5401
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tropicana 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=1.24/1.755
=0.71

* 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 0.71 mean?
Tropicana Bhd (XKLS:5401) has a PB Ratio of 0.71 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tropicana Bhd and its competitors. This is 65% above median its historical median of 0.43. Over the past decade, Tropicana Bhd's PB Ratio has ranged from 0.29 to 0.82. According to the industry distribution chart, Tropicana Bhd ranks #732 out of 1712 companies in the Real Estate industry, placing it in the top 42.8%.
Is Tropicana Bhd's PB Ratio too high?
Tropicana Bhd's current PB Ratio of 0.71 is 65% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.82. The Real Estate industry median PB Ratio is 0.82. Tropicana Bhd's value of 0.71 is 13.4% below this industry median. Based on the distribution chart, Tropicana Bhd ranks #732 out of 1712 companies in the Real Estate industry, which is above the industry midpoint. Overall, Tropicana Bhd has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tropicana Bhd's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Tropicana Bhd ranks #732 out of 1712 companies for PB Ratio. This puts Tropicana Bhd in the upper half of its industry. The industry median PB Ratio is 0.82. Tropicana Bhd's value of 0.71 is 13.4% below this benchmark. Historically, Tropicana Bhd's own PB Ratio has ranged from 0.29 to 0.82 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.82, Tropicana 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,712 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. Tropicana Bhd's current PB Ratio of 0.71 is 13.4% 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 Tropicana Bhd and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tropicana Bhd's current PB Ratio is 0.71, which is 65% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tropicana Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tropicana Bhd (XKLS:5401) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.41, compared to a current price of RM1.24 — trading 12.1% below its estimated fair value. The current PB Ratio is 0.71, which is 65% above median its 10-year median of 0.43 and 13.4% below the Real Estate industry median of 0.82. Tropicana Bhd's overall GF Score™ is 53/100 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 Tropicana Bhd (XKLS:5401), the current PB Ratio is 0.71 as of Jul. 16, 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 Tropicana Bhd (XKLS:5401) Overvalued in 2026?

Based on GuruFocus' analysis, Tropicana Bhd stock appears to be undervalued. The current stock price of RM1.24 is trading 12.1% below its estimated GF Value™ of RM1.41. GuruFocus considers Tropicana Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5401:

  • PB Ratio: 0.71 (65% above median its 10-year median of 0.43)
  • GF Value™: RM1.41 vs. price of RM1.24 (12.1% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 13.4% below the Real Estate median (#732 of 1712)

No single metric tells the full story. See the XKLS:5401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tropicana Bhd Business Description

Address No. 2A, Persiaran Surian, Unit 1301, Level 13, Tropicana Gardens Office Tower, Tropicana Indah, Petaling Jaya, SGR, MYS, 47810
Tropicana Corp Bhd has diversified business interests including Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more. The company is organized into three segments - Property development and property management involved in the development of residential and commercial properties; Property investment, recreation, and resort involved in the management and operation of hotels, resorts, golf courses, clubhouse, and investments in commercial and other properties and Investment holding and others that provide landscape services, management and operation of private school services and other operations. Maximum revenue is generated by the property development and property management segment.
53GF Score

Get the complete analysis for XKLS:5401

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

RM1.24
Price
RM1.41
GF Value