Aimax Bhd (XKLS:0041) Cyclically Adjusted PS Ratio: 0.33 (As of Jul. 22, 2026) — 51% 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.

What is Aimax Bhd Cyclically Adjusted PS Ratio?

Aimax Bhd XKLS:0041 Cyclically Adjusted PS Ratio is 0.33 as of Jul. 22, 2026, which is 51% below its 10-year median of 0.67. The stock has 8 warning signs investors should review. Among 471 Conglomerates companies, Aimax Bhd ranks better than 69.64% on this metric.

As of today (2026-07-22), Aimax Bhd's current share price is RM0.01. Aimax Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 was RM0.03. Aimax Bhd's Cyclically Adjusted PS Ratio for today is 0.33.

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

XKLS:0041' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.67   Max: 46.63
Current: 0.38

During the past years, Aimax Bhd's highest Cyclically Adjusted PS Ratio was 46.63. The lowest was 0.17. And the median was 0.67.

XKLS:0041's Cyclically Adjusted PS Ratio is ranked better than
69.64% of 471 companies
in the Conglomerates industry
Industry Median: 0.75 vs XKLS:0041: 0.38

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.

Aimax Bhd's adjusted revenue per share data for the three months ended in Sep. 2025 was RM0.001. 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 RM0.03 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aimax Bhd  (XKLS:0041) 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.


Aimax Bhd Cyclically Adjusted PS Ratio Related Terms


Aimax Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aimax 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.

Aimax Bhd Cyclically Adjusted PS Ratio Chart

Aimax Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Mar19 Mar20 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.51

Aimax Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.33 0.35 0.35 0.36 0.19

XKLS:0041 vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Aimax 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.


Aimax Bhd Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aimax Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aimax 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.01/0.03
=0.33

* 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.

Aimax Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Aimax Bhd's adjusted Revenue per Share data for the three months ended in Sep. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.001/324.8000*324.8000
=0.001

Current CPI (Sep. 2025) = 324.8000.

Aimax Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.016 234.812 0.022
201503 0.006 236.119 0.008
201506 0.010 238.638 0.014
201509 0.009 237.945 0.012
201512 0.019 236.525 0.026
201603 0.006 238.132 0.008
201606 0.008 241.018 0.011
201609 0.007 241.428 0.009
201612 0.012 241.432 0.016
201703 0.004 243.801 0.005
201706 0.006 244.955 0.008
201709 0.005 246.819 0.007
201803 0.006 249.554 0.008
201806 0.003 251.989 0.004
201809 0.003 252.439 0.004
201812 0.004 251.233 0.005
201903 0.001 254.202 0.001
201906 0.002 256.143 0.003
201909 0.001 256.759 0.001
201912 0.001 256.974 0.001
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 0.010 260.474 0.012
202106 0.002 271.696 0.002
202112 0.011 278.802 0.013
202203 0.017 287.504 0.019
202206 0.001 296.311 0.001
202209 0.000 296.808 0.000
202212 0.000 296.797 0.000
202303 0.001 301.836 0.001
202306 0.001 305.109 0.001
202309 0.001 307.789 0.001
202312 0.001 306.746 0.001
202406 0.001 314.175 0.001
202409 0.002 315.301 0.002
202412 0.001 315.605 0.001
202503 0.001 319.799 0.001
202506 0.001 322.561 0.001
202509 0.001 324.800 0.001

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 0.33 mean?
Aimax Bhd (XKLS:0041) has a Cyclically Adjusted PS Ratio of 0.33 as of Jul. 22, 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 Aimax Bhd and its competitors. This is 51% below median its historical median of 0.67. Over the past decade, Aimax Bhd's Cyclically Adjusted PS Ratio has ranged from 0.17 to 46.63. According to the industry distribution chart, Aimax Bhd ranks #143 out of 471 companies in the Conglomerates industry, placing it in the top 30.4%.
Is Aimax Bhd's Cyclically Adjusted PS Ratio too high?
Aimax Bhd's current Cyclically Adjusted PS Ratio of 0.33 is 51% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 46.63. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.75. Aimax Bhd's value of 0.33 is 56% below this industry median. Based on the distribution chart, Aimax Bhd ranks #143 out of 471 companies in the Conglomerates industry, which is above the industry midpoint.
How does Aimax Bhd's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Aimax Bhd ranks #143 out of 471 companies for Cyclically Adjusted PS Ratio. This puts Aimax Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Aimax Bhd's value of 0.33 is 56% below this benchmark. Historically, Aimax Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 46.63 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.75, Aimax 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.75, based on 471 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. Aimax Bhd's current Cyclically Adjusted PS Ratio of 0.33 is 56% 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 Aimax Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aimax Bhd's current Cyclically Adjusted PS Ratio is 0.33, which is 51% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aimax Bhd stock overvalued right now?
Based on GuruFocus' analysis, Aimax Bhd (XKLS:0041) is currently considered Fairly Valued. The stock's GF Value™ is RM0.01, compared to a current price of RM0.01 — trading right at its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 51% below median its 10-year median of 0.67 and 56% below the Conglomerates industry median of 0.75. 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 Aimax Bhd (XKLS:0041), the current Cyclically Adjusted PS Ratio is 0.33 as of Jul. 22, 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.

Aimax Bhd Business Description

Address C-01-3, Block C Plaza Glomac, No 6, Jalan SS7/19, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
Aimax Bhd, formerly known as Hong Seng Consolidated Bhd, is operating as an investment holding company. The company operates in four operating segments. The healthcare segment consists of a medical diagnostic and research laboratory and wholesale of pharmaceutical and medical goods; the Financial services include Moneylending; the Gloves segment consists of Manufacturing and trading of rubber gloves; and Seafood segment which consists of Trading of Seafood products. The majority of the revenue is derived from the healthcare segment.