HLFBF (Hong Leong Financial Group Bhd) Cyclically Adjusted PS Ratio: 3.06 (As of Aug. 01, 2026) — Near 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.

HLFBF Hong Leong Financial Group Bhd HLFBF
50 GF Score
Price $2.75
GF Value $1.72
! 3 Warning Signs
View Full Analysis

What is Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio?

Hong Leong Financial Group Bhd HLFBF 50 Cyclically Adjusted PS Ratio is 3.06 as of Aug. 01, 2026, which is 4% below its 10-year median of 3.20. GuruFocus rates HLFBF with a GF Score™ of 50/100 and a GF Value™ of $1.72. The stock has 3 warning signs investors should review. Among 1,299 Banks companies, Hong Leong Financial Group Bhd ranks better than 59.05% on this metric.

As of today (2026-08-01), Hong Leong Financial Group Bhd's current share price is $2.75. Hong Leong Financial Group Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.90. Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio for today is 3.06.

The historical rank and industry rank for Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio or its related term are showing as below:

HLFBF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.67   Med: 3.2   Max: 4.02
Current: 2.96

During the past years, Hong Leong Financial Group Bhd's highest Cyclically Adjusted PS Ratio was 4.02. The lowest was 2.67. And the median was 3.20.

HLFBF's Cyclically Adjusted PS Ratio is ranked better than
59.05% of 1299 companies
in the Banks industry
Industry Median: 3.43 vs HLFBF: 2.96

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.

Hong Leong Financial Group Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.372. 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 $0.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Leong Financial Group Bhd  (OTCPK:HLFBF) 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.


Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio Related Terms


Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hong Leong Financial Group 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.

Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio Chart

Hong Leong Financial Group Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 3.43 3.16 2.99 2.77

Hong Leong Financial Group 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 2.92 2.77 2.84 3.14 3.05

Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Hong Leong Financial Group 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.


Hong Leong Financial Group Bhd Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio falls into.


HLFBF
50GF Score
Hong Leong Financial Group Bhd HLFBF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Leong Financial Group 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.

Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.75/0.90
=3.06

* 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.

Hong Leong Financial Group Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hong Leong Financial Group 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)
=0.372/330.2130*330.2130
=0.372

Current CPI (Mar. 2026) = 330.2130.

Hong Leong Financial Group Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.248 241.018 0.340
201609 0.249 241.428 0.341
201612 0.264 241.432 0.361
201703 0.239 243.801 0.324
201706 0.256 244.955 0.345
201709 0.263 246.819 0.352
201712 0.290 246.524 0.388
201803 0.308 249.554 0.408
201806 0.283 251.989 0.371
201809 0.273 252.439 0.357
201812 0.254 251.233 0.334
201903 0.277 254.202 0.360
201906 0.288 256.143 0.371
201909 0.275 256.759 0.354
201912 0.285 256.974 0.366
202003 0.231 258.115 0.296
202006 0.294 257.797 0.377
202009 0.316 260.280 0.401
202012 0.352 260.474 0.446
202103 0.335 264.877 0.418
202106 0.318 271.696 0.386
202109 0.328 274.310 0.395
202112 0.319 278.802 0.378
202203 0.312 287.504 0.358
202206 0.327 296.311 0.364
202209 0.307 296.808 0.342
202212 0.344 296.797 0.383
202303 0.319 301.836 0.349
202306 0.278 305.109 0.301
202309 0.291 307.789 0.312
202312 0.317 306.746 0.341
202403 0.324 312.332 0.343
202406 0.319 314.175 0.335
202409 0.385 315.301 0.403
202412 0.361 315.605 0.378
202503 0.329 319.799 0.340
202506 0.362 322.561 0.371
202509 0.399 324.800 0.406
202512 0.407 324.054 0.415
202603 0.372 330.213 0.372

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 3.06 mean?
Hong Leong Financial Group Bhd (HLFBF) has a Cyclically Adjusted PS Ratio of 3.06 as of Aug. 01, 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 Hong Leong Financial Group Bhd and its competitors. This is near median its historical median of 3.20. Over the past decade, Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio has ranged from 2.67 to 4.02. According to the industry distribution chart, Hong Leong Financial Group Bhd ranks #532 out of 1299 companies in the Banks industry, placing it in the top 41%.
Is Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio too high?
Hong Leong Financial Group Bhd's current Cyclically Adjusted PS Ratio of 3.06 is near median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 4.02. The Banks industry median Cyclically Adjusted PS Ratio is 3.43. Hong Leong Financial Group Bhd's value of 3.06 is 10.8% below this industry median. Based on the distribution chart, Hong Leong Financial Group Bhd ranks #532 out of 1299 companies in the Banks industry, which is above the industry midpoint. Overall, Hong Leong Financial Group Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Financial Group Bhd's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Hong Leong Financial Group Bhd ranks #532 out of 1299 companies for Cyclically Adjusted PS Ratio. This puts Hong Leong Financial Group Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.43. Hong Leong Financial Group Bhd's value of 3.06 is 10.8% below this benchmark. Historically, Hong Leong Financial Group Bhd's own Cyclically Adjusted PS Ratio has ranged from 2.67 to 4.02 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 3.43, Hong Leong Financial Group 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 Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.43, based on 1,299 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. Hong Leong Financial Group Bhd's current Cyclically Adjusted PS Ratio of 3.06 is 10.8% 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 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 Hong Leong Financial Group Bhd and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Leong Financial Group Bhd's current Cyclically Adjusted PS Ratio is 3.06, which is near median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Financial Group Bhd stock overvalued right now?
Hong Leong Financial Group Bhd (HLFBF) has a current Cyclically Adjusted PS Ratio of 3.06. The stock's GF Value™ is $1.72, compared to a current price of $2.75 — trading 59.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.06, which is near median its 10-year median of 3.20 and 10.8% below the Banks industry median of 3.43. Hong Leong Financial Group Bhd's overall GF Score™ is 50/100 with 3 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 Hong Leong Financial Group Bhd (HLFBF), the current Cyclically Adjusted PS Ratio is 3.06 as of Aug. 01, 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 Hong Leong Financial Group Bhd (HLFBF) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Leong Financial Group Bhd stock appears to be overvalued. The current stock price of $2.75 is trading 59.9% above its estimated GF Value™ of $1.72.

Key valuation signals for HLFBF:

  • Cyclically Adjusted PS Ratio: 3.06 (near median its 10-year median of 3.20)
  • GF Value™: $1.72 vs. price of $2.75 (59.9% above fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 10.8% below the Banks median (#532 of 1299)

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


Hong Leong Financial Group Bhd Business Description

Other Exchanges 1082:Malaysia
Address No. 6, Jalan Damanlela, Level 30, Menara Hong Leong, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490
Hong Leong Financial Group Bhd is a Malaysia-based company engaged in providing financial and banking services. The company's reportable segments consist of Commercial banking, Investment banking, Insurance, and the other operations segment that contains investment holding and provision of management services. The commercial banking segment accounts for the majority of total revenue. The firm's business operations are concentrated in Malaysia.
50GF Score

Get the complete analysis for HLFBF

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

$2.75
Price
$1.72
GF Value