Malaysia Smelting Bhd (SGX:NPW) Cyclically Adjusted PS Ratio: 0.93 (As of Aug. 19, 2026) — 79% Above Median

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SGX:NPW Malaysia Smelting Corp Bhd SGX:NPW
71 GF Score
Price S$0.57
GF Value S$0.45
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Malaysia Smelting Bhd Cyclically Adjusted PS Ratio?

Malaysia Smelting Bhd SGX:NPW -6.56% 71 Cyclically Adjusted PS Ratio is 0.93 as of Aug. 19, 2026, which is 79% above its 10-year median of 0.52. GuruFocus rates SGX:NPW with a GF Score™ of 71/100 and a GF Value™ of S$0.45 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 575 Metals & Mining companies, Malaysia Smelting Bhd ranks better than 66.96% on this metric.

As of today (2026-08-19), Malaysia Smelting Bhd's current share price is S$0.57. Malaysia Smelting Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was S$0.61. Malaysia Smelting Bhd's Cyclically Adjusted PS Ratio for today is 0.93.

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

SGX:NPW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.52   Max: 1.34
Current: 1.05

During the past years, Malaysia Smelting Bhd's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 0.12. And the median was 0.52.

SGX:NPW's Cyclically Adjusted PS Ratio is ranked better than
66.96% of 575 companies
in the Metals & Mining industry
Industry Median: 2.31 vs SGX:NPW: 1.05

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.

Malaysia Smelting Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was S$0.176. 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 S$0.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malaysia Smelting Bhd  (SGX:NPW) 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.


Malaysia Smelting Bhd Cyclically Adjusted PS Ratio Related Terms


Malaysia Smelting Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Malaysia Smelting 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.

Malaysia Smelting Bhd Cyclically Adjusted PS Ratio Chart

Malaysia Smelting 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 0.82 0.39 0.51 0.59 0.83

Malaysia Smelting 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 0.66 0.60 0.69 0.83 0.96

Malaysia Smelting Bhd Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Malaysia Smelting 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.


Malaysia Smelting Bhd Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:NPW
71GF Score
Malaysia Smelting Corp Bhd SGX:NPW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Smelting 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.57/0.61
=0.93

* 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.

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

For example, Malaysia Smelting 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)
=0.176/330.2130*330.2130
=0.176

Current CPI (Mar. 2026) = 330.2130.

Malaysia Smelting Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.164 241.018 0.225
201609 0.134 241.428 0.183
201612 0.141 241.432 0.193
201703 0.161 243.801 0.218
201706 0.125 244.955 0.169
201709 0.162 246.819 0.217
201712 0.131 246.524 0.175
201803 0.150 249.554 0.198
201806 0.138 251.989 0.181
201809 0.128 252.439 0.167
201812 0.118 251.233 0.155
201903 0.128 254.202 0.166
201906 0.118 256.143 0.152
201909 0.084 256.759 0.108
201912 0.075 256.974 0.096
202003 0.085 258.115 0.109
202006 0.059 257.797 0.076
202009 0.095 260.280 0.121
202012 0.096 260.474 0.122
202103 0.113 264.877 0.141
202106 0.132 271.696 0.160
202109 0.085 274.310 0.102
202112 0.097 278.802 0.115
202203 0.138 287.504 0.159
202206 0.153 296.311 0.171
202209 0.127 296.808 0.141
202212 0.143 296.797 0.159
202303 0.122 301.836 0.133
202306 0.113 305.109 0.122
202309 0.126 307.789 0.135
202312 0.138 306.746 0.149
202403 0.123 312.332 0.130
202406 0.140 314.175 0.147
202409 0.170 315.301 0.178
202412 0.162 315.605 0.169
202503 0.133 319.799 0.137
202506 0.137 322.561 0.140
202509 0.192 324.800 0.195
202512 0.181 324.054 0.184
202603 0.176 330.213 0.176

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 0.93 mean?
Malaysia Smelting Bhd (SGX:NPW) has a Cyclically Adjusted PS Ratio of 0.93 as of Aug. 19, 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 Malaysia Smelting Bhd and its competitors. This is 79% above median its historical median of 0.52. Over the past decade, Malaysia Smelting Bhd's Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.34. According to the industry distribution chart, Malaysia Smelting Bhd ranks #190 out of 575 companies in the Metals & Mining industry, placing it in the top 33%.
Is Malaysia Smelting Bhd's Cyclically Adjusted PS Ratio too high?
Malaysia Smelting Bhd's current Cyclically Adjusted PS Ratio of 0.93 is 79% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.34. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.31. Malaysia Smelting Bhd's value of 0.93 is 59.7% below this industry median. Based on the distribution chart, Malaysia Smelting Bhd ranks #190 out of 575 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Malaysia Smelting Bhd has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Malaysia Smelting Bhd ranks #190 out of 575 companies for Cyclically Adjusted PS Ratio. This puts Malaysia Smelting Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.31. Malaysia Smelting Bhd's value of 0.93 is 59.7% below this benchmark. Historically, Malaysia Smelting Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.34 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 2.31, Malaysia Smelting 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.31, based on 575 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. Malaysia Smelting Bhd's current Cyclically Adjusted PS Ratio of 0.93 is 59.7% 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 Malaysia Smelting Bhd and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malaysia Smelting Bhd's current Cyclically Adjusted PS Ratio is 0.93, which is 79% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (SGX:NPW) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.45, compared to a current price of S$0.57 — trading 26.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 79% above median its 10-year median of 0.52 and 59.7% below the Metals & Mining industry median of 2.31. Malaysia Smelting Bhd's overall GF Score™ is 71/100 with 7 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 Malaysia Smelting Bhd (SGX:NPW), the current Cyclically Adjusted PS Ratio is 0.93 as of Aug. 19, 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 Malaysia Smelting Bhd (SGX:NPW) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued. The current stock price of S$0.57 is trading 26.7% above its estimated GF Value™ of S$0.45. GuruFocus considers Malaysia Smelting Bhd to be Modestly Overvalued.

Key valuation signals for SGX:NPW:

  • Cyclically Adjusted PS Ratio: 0.93 (79% above median its 10-year median of 0.52)
  • GF Value™: S$0.45 vs. price of S$0.57 (26.7% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 59.7% below the Metals & Mining median (#190 of 575)

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


Malaysia Smelting Bhd Business Description

Other Exchanges 5916:Malaysia
Address Jalan Perigi Nanas 6/1, Lot 6, 8 & 9, Pulau Indah Industrial Park, West Port, Port Klang, SGR, MYS, 42920
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
71GF Score

Get the complete analysis for SGX:NPW

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

S$0.57
Price
S$0.45
GF Value