HALYY (Halyk Bank of Kazakhstan JSC) Cyclically Adjusted PS Ratio: (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Halyk Bank of Kazakhstan JSC Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Halyk Bank of Kazakhstan JSC  (OTCPK:HALYY) 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.


Halyk Bank of Kazakhstan JSC Cyclically Adjusted PS Ratio Related Terms


Halyk Bank of Kazakhstan JSC Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Halyk Bank of Kazakhstan JSC'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.

Halyk Bank of Kazakhstan JSC Cyclically Adjusted PS Ratio Chart

Halyk Bank of Kazakhstan JSC 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 5.43 2.84 2.97 3.75 4.55

Halyk Bank of Kazakhstan JSC 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 4.23 4.18 4.45 4.55 4.41

HALYY vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Halyk Bank of Kazakhstan JSC'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.


Halyk Bank of Kazakhstan JSC Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Halyk Bank of Kazakhstan JSC's Cyclically Adjusted PS Ratio falls into.



Halyk Bank of Kazakhstan JSC 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.

Halyk Bank of Kazakhstan JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Halyk Bank of Kazakhstan JSC'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)
=3.159/330.2130*330.2130
=3.159

Current CPI (Mar. 2026) = 330.2130.

Halyk Bank of Kazakhstan JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.642 241.018 0.880
201609 0.702 241.428 0.960
201612 0.646 241.432 0.884
201703 0.730 243.801 0.989
201706 0.793 244.955 1.069
201709 1.086 246.819 1.453
201712 1.475 246.524 1.976
201803 1.358 249.554 1.797
201806 0.152 251.989 0.199
201809 1.224 252.439 1.601
201812 1.149 251.233 1.510
201903 1.083 254.202 1.407
201906 1.210 256.143 1.560
201909 1.171 256.759 1.506
201912 1.337 256.974 1.718
202003 1.389 258.115 1.777
202006 1.060 257.797 1.358
202009 1.109 260.280 1.407
202012 1.197 260.474 1.517
202103 1.228 264.877 1.531
202106 1.432 271.696 1.740
202109 1.479 274.310 1.780
202112 1.431 278.802 1.695
202203 1.607 287.504 1.846
202206 2.206 296.311 2.458
202209 1.820 296.808 2.025
202212 2.186 296.797 2.432
202303 2.213 301.836 2.421
202306 2.269 305.109 2.456
202309 2.331 307.789 2.501
202312 2.455 306.746 2.643
202403 2.305 312.332 2.437
202406 2.801 314.175 2.944
202409 3.013 315.301 3.155
202412 3.220 315.605 3.369
202503 3.106 319.799 3.207
202506 3.101 322.561 3.175
202509 3.035 324.800 3.086
202512 3.286 324.054 3.348
202603 3.159 330.213 3.159

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.


Halyk Bank of Kazakhstan JSC Business Description

Address 40, Al-Farabi Avenue, Almaty, KAZ, A26M3K5
Halyk Bank of Kazakhstan JSC is engaged in retail, corporate, and SME banking services. It also provides insurance, cash collection, asset management, brokerage, telecommunication, and leasing services. The group has four main business segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The majority of revenue derives from the corporate banking segment, which includes banking services to corporate clients and financial institutions, including current accounts and correspondent accounts, deposits, custody, overdrafts, loans and other credit facilities, documentary operations, including guarantees and letters of credit, trade finance products, as well as cash services and foreign exchange transactions.