BSMAF (Bursa Malaysia Bhd) Cyclically Adjusted PS Ratio: 15.57 (As of Jul. 16, 2026) — 70% Above Median

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BSMAF Bursa Malaysia Bhd BSMAF
71 GF Score
Price $2.18
GF Value $1.41
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Bursa Malaysia Bhd Cyclically Adjusted PS Ratio?

Bursa Malaysia Bhd BSMAF 71 Cyclically Adjusted PS Ratio is 15.57 as of Jul. 16, 2026, which is 70% above its 10-year median of 9.17. GuruFocus rates BSMAF with a GF Score™ of 71/100 and a GF Value™ of $1.41 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 603 Capital Markets companies, Bursa Malaysia Bhd ranks worse than 78.77% on this metric.

As of today (2026-07-16), Bursa Malaysia Bhd's current share price is $2.18. Bursa Malaysia Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.14. Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio for today is 15.57.

The historical rank and industry rank for Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSMAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.54   Med: 9.17   Max: 16.19
Current: 9.42

During the past years, Bursa Malaysia Bhd's highest Cyclically Adjusted PS Ratio was 16.19. The lowest was 7.54. And the median was 9.17.

BSMAF's Cyclically Adjusted PS Ratio is ranked worse than
78.77% of 603 companies
in the Capital Markets industry
Industry Median: 3.25 vs BSMAF: 9.42

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Bursa Malaysia Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.065. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $0.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bursa Malaysia Bhd  (OTCPK:BSMAF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Bursa Malaysia Bhd Cyclically Adjusted PS Ratio Related Terms


Bursa Malaysia Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bursa Malaysia Bhd's Cyclically Adjusted PS 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.

Bursa Malaysia Bhd Cyclically Adjusted PS Ratio Chart

Bursa Malaysia Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.84 8.32 8.35 10.33 9.41

Bursa Malaysia 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 PS 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 8.85 8.59 8.97 9.41 9.29

BSMAF vs SPGI, CME, MCO: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Bursa Malaysia Bhd Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio falls into.


BSMAF
71GF Score
Bursa Malaysia Bhd BSMAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bursa Malaysia Bhd Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.18/0.14
=15.57

* 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.

Bursa Malaysia Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bursa Malaysia Bhd's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.065/330.2130*330.2130
=0.065

Current CPI (Mar. 2026) = 330.2130.

Bursa Malaysia Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.037 241.018 0.051
201609 0.034 241.428 0.047
201612 0.031 241.432 0.042
201703 0.038 243.801 0.051
201706 0.039 244.955 0.053
201709 0.036 246.819 0.048
201712 0.039 246.524 0.052
201803 0.046 249.554 0.061
201806 0.041 251.989 0.054
201809 0.037 252.439 0.048
201812 0.036 251.233 0.047
201903 0.037 254.202 0.048
201906 0.035 256.143 0.045
201909 0.035 256.759 0.045
201912 0.037 256.974 0.048
202003 0.042 258.115 0.054
202006 0.051 257.797 0.065
202009 0.069 260.280 0.088
202012 0.069 260.474 0.087
202103 0.069 264.877 0.086
202106 0.057 271.696 0.069
202109 0.050 274.310 0.060
202112 0.047 278.802 0.056
202203 0.047 287.504 0.054
202206 0.042 296.311 0.047
202209 0.037 296.808 0.041
202212 0.039 296.797 0.043
202303 0.042 301.836 0.046
202306 0.037 305.109 0.040
202309 0.040 307.789 0.043
202312 0.040 306.746 0.043
202403 0.047 312.332 0.050
202406 0.051 314.175 0.054
202409 0.059 315.301 0.062
202412 0.050 315.605 0.052
202503 0.050 319.799 0.052
202506 0.049 322.561 0.050
202509 0.051 324.800 0.052
202512 0.056 324.054 0.057
202603 0.065 330.213 0.065

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 15.57 mean?
Bursa Malaysia Bhd (BSMAF) has a Cyclically Adjusted PS Ratio of 15.57 as of Jul. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bursa Malaysia Bhd and its competitors. This is 70% above median its historical median of 9.17. Over the past decade, Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio has ranged from 7.54 to 16.19. According to the industry distribution chart, Bursa Malaysia Bhd ranks #475 out of 603 companies in the Capital Markets industry, placing it in the top 78.8%.
Is Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio too high?
Bursa Malaysia Bhd's current Cyclically Adjusted PS Ratio of 15.57 is 70% above median its 10-year median of 9.17. Over the past 10 years, this metric has ranged from a low of 7.54 to a high of 16.19. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.25. Bursa Malaysia Bhd's value of 15.57 is 379.1% above this industry median. Based on the distribution chart, Bursa Malaysia Bhd ranks #475 out of 603 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bursa Malaysia Bhd has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa Malaysia Bhd's Cyclically Adjusted PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa Malaysia Bhd ranks #475 out of 603 companies for Cyclically Adjusted PS Ratio. This places Bursa Malaysia Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.25. Bursa Malaysia Bhd's value of 15.57 is 379.1% above this benchmark. Historically, Bursa Malaysia Bhd's own Cyclically Adjusted PS Ratio has ranged from 7.54 to 16.19 over the past decade. While the company's 10-year median is 9.17 vs. the industry median of 3.25, Bursa 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 Cyclically Adjusted PS Ratio for a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.25, based on 603 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bursa Malaysia Bhd's current Cyclically Adjusted PS Ratio of 15.57 is 379.1% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bursa Malaysia Bhd and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bursa Malaysia Bhd's current Cyclically Adjusted PS Ratio is 15.57, which is 70% above median its own 10-year median of 9.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bursa Malaysia Bhd (BSMAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $2.18 — trading 54.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 15.57, which is 70% above median its 10-year median of 9.17 and 379.1% above the Capital Markets industry median of 3.25. Bursa Malaysia Bhd's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Bursa Malaysia Bhd (BSMAF), the current Cyclically Adjusted PS Ratio is 15.57 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 Bursa Malaysia Bhd (BSMAF) Overvalued in 2026?

Based on GuruFocus' analysis, Bursa Malaysia Bhd stock appears to be overvalued. The current stock price of $2.18 is trading 54.6% above its estimated GF Value™ of $1.41. GuruFocus considers Bursa Malaysia Bhd to be Significantly Overvalued.

Key valuation signals for BSMAF:

  • Cyclically Adjusted PS Ratio: 15.57 (70% above median its 10-year median of 9.17)
  • GF Value™: $1.41 vs. price of $2.18 (54.6% above fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 379.1% above the Capital Markets median (#475 of 603)

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


Bursa Malaysia Bhd Business Description

Other Exchanges 1818:Malaysia
Address Exchange Square, 15th Floor, Bukit Kewangan, Kuala Lumpur, MYS, 50200
Bursa Malaysia Bhd operates as an exchange holding company, whose principal activities are treasury management and the provision of management and administrative services to its subsidiaries. Through its subsidiaries it operates the Malaysian securities, derivatives, multi-environment product market, debt fundraising and offshore financial exchanges and the Shariah-compliant commodity and precious metals trading platform, to operate the related clearing houses, depository function and regulatory function, and to disseminate information relating to instruments quoted on the exchanges. Its six segments include: Securities Market, Derivatives Market, Islamic Market, Data Business, Exchange, Holding Company, and Others, of which Securities Market segment derives maximum revenue.
71GF Score

Get the complete analysis for BSMAF

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

$2.18
Price
$1.41
GF Value