Kotra Industries Bhd (XKLS:0002) Cyclically Adjusted PS Ratio: 2.31 (As of Jul. 16, 2026) — 13% Below 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:0002 Kotra Industries Bhd XKLS:0002
83 GF Score
Price RM3.70
GF Value RM4.34
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kotra Industries Bhd Cyclically Adjusted PS Ratio?

Kotra Industries Bhd XKLS:0002 83 Cyclically Adjusted PS Ratio is 2.31 as of Jul. 16, 2026, which is 13% below its 10-year median of 2.67. GuruFocus rates XKLS:0002 with a GF Score™ of 83/100 and a GF Value™ of RM4.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 752 Drug Manufacturers companies, Kotra Industries Bhd ranks worse than 54.26% on this metric.

As of today (2026-07-16), Kotra Industries Bhd's current share price is RM3.70. Kotra Industries Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.60. Kotra Industries Bhd's Cyclically Adjusted PS Ratio for today is 2.31.

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

XKLS:0002' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.67   Max: 4.77
Current: 2.31

During the past years, Kotra Industries Bhd's highest Cyclically Adjusted PS Ratio was 4.77. The lowest was 1.39. And the median was 2.67.

XKLS:0002's Cyclically Adjusted PS Ratio is ranked worse than
54.26% of 752 companies
in the Drug Manufacturers industry
Industry Median: 2 vs XKLS:0002: 2.31

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.

Kotra Industries Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.354. 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 RM1.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kotra Industries Bhd  (XKLS:0002) 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.


Kotra Industries Bhd Cyclically Adjusted PS Ratio Related Terms


Kotra Industries Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kotra Industries 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.

Kotra Industries Bhd Cyclically Adjusted PS Ratio Chart

Kotra Industries 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 1.89 2.90 3.52 2.82 2.68

Kotra Industries 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 2.70 2.68 2.68 2.63 2.53

XKLS:0002 vs ZTS, UTHR, VTRS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kotra Industries 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.


Kotra Industries Bhd Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kotra Industries Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:0002
83GF Score
Kotra Industries Bhd XKLS:0002
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kotra Industries 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.

Kotra Industries Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.70/1.60
=2.31

* 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.

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

For example, Kotra Industries 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)
=0.354/330.2130*330.2130
=0.354

Current CPI (Mar. 2026) = 330.2130.

Kotra Industries Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.296 241.018 0.406
201609 0.245 241.428 0.335
201612 0.326 241.432 0.446
201703 0.325 243.801 0.440
201706 0.289 244.955 0.390
201709 0.306 246.819 0.409
201712 0.329 246.524 0.441
201803 0.315 249.554 0.417
201806 0.309 251.989 0.405
201809 0.331 252.439 0.433
201812 0.317 251.233 0.417
201903 0.287 254.202 0.373
201906 0.281 256.143 0.362
201909 0.279 256.759 0.359
201912 0.345 256.974 0.443
202003 0.318 258.115 0.407
202006 0.252 257.797 0.323
202009 0.235 260.280 0.298
202012 0.259 260.474 0.328
202103 0.294 264.877 0.367
202106 0.295 271.696 0.359
202109 0.345 274.310 0.415
202112 0.357 278.802 0.423
202203 0.373 287.504 0.428
202206 0.329 296.311 0.367
202209 0.437 296.808 0.486
202212 0.420 296.797 0.467
202303 0.401 301.836 0.439
202306 0.377 305.109 0.408
202309 0.359 307.789 0.385
202312 0.388 306.746 0.418
202403 0.377 312.332 0.399
202406 0.403 314.175 0.424
202409 0.442 315.301 0.463
202412 0.367 315.605 0.384
202503 0.393 319.799 0.406
202506 0.353 322.561 0.361
202509 0.394 324.800 0.401
202512 0.412 324.054 0.420
202603 0.354 330.213 0.354

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 2.31 mean?
Kotra Industries Bhd (XKLS:0002) has a Cyclically Adjusted PS Ratio of 2.31 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 Kotra Industries Bhd and its competitors. This is 13% below median its historical median of 2.67. Over the past decade, Kotra Industries Bhd's Cyclically Adjusted PS Ratio has ranged from 1.39 to 4.77. According to the industry distribution chart, Kotra Industries Bhd ranks #408 out of 752 companies in the Drug Manufacturers industry, placing it in the top 54.3%.
Is Kotra Industries Bhd's Cyclically Adjusted PS Ratio too high?
Kotra Industries Bhd's current Cyclically Adjusted PS Ratio of 2.31 is 13% below median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 4.77. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.00. Kotra Industries Bhd's value of 2.31 is 15.5% above this industry median. Based on the distribution chart, Kotra Industries Bhd ranks #408 out of 752 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Kotra Industries Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kotra Industries Bhd's Cyclically Adjusted PS Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Kotra Industries Bhd ranks #408 out of 752 companies for Cyclically Adjusted PS Ratio. This places Kotra Industries Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.00. Kotra Industries Bhd's value of 2.31 is 15.5% above this benchmark. Historically, Kotra Industries Bhd's own Cyclically Adjusted PS Ratio has ranged from 1.39 to 4.77 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 2.00, Kotra Industries 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.00, based on 752 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. Kotra Industries Bhd's current Cyclically Adjusted PS Ratio of 2.31 is 15.5% 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 Kotra Industries Bhd and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kotra Industries Bhd's current Cyclically Adjusted PS Ratio is 2.31, which is 13% below median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kotra Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kotra Industries Bhd (XKLS:0002) is currently considered Modestly Undervalued. The stock's GF Value™ is RM4.34, compared to a current price of RM3.70 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.31, which is 13% below median its 10-year median of 2.67 and 15.5% above the Drug Manufacturers industry median of 2.00. Kotra Industries Bhd's overall GF Score™ is 83/100 with 2 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 Kotra Industries Bhd (XKLS:0002), the current Cyclically Adjusted PS Ratio is 2.31 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 Kotra Industries Bhd (XKLS:0002) Overvalued in 2026?

Based on GuruFocus' analysis, Kotra Industries Bhd stock appears to be undervalued. The current stock price of RM3.70 is trading 14.7% below its estimated GF Value™ of RM4.34. GuruFocus considers Kotra Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0002:

  • Cyclically Adjusted PS Ratio: 2.31 (13% below median its 10-year median of 2.67)
  • GF Value™: RM4.34 vs. price of RM3.70 (14.7% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 15.5% above the Drug Manufacturers median (#408 of 752)

No single metric tells the full story. See the XKLS:0002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kotra Industries Bhd Business Description

Address Jalan TTC 12, No. 1, 2 & 3, Cheng Industrial Estate, Melaka, MYS, 75250
Kotra Industries Bhd is a Malaysian pharmaceutical company engaged in the development, manufacturing, and supply of pharmaceutical and healthcare products supporting all life stages. Its portfolio includes life-saving medicines, OTC supplements, and nutrition products. The Group markets three core brands: Appeton, offering health supplements and nutrition across all age groups; Vaxcel, providing injectable medicines for infectious diseases, kidney care, and gastroenterology; and Axcel, specializing in oral and topical medicines for paediatrics, dermatology, and infectious diseases. The company operates in Malaysia and overseas, with the majority of revenue derived from Malaysia.
83GF Score

Get the complete analysis for XKLS:0002

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

RM3.70
Price
RM4.34
GF Value