NCT Alliance Bhd (XKLS:0056) Cyclically Adjusted PS Ratio: 2.24 (As of Jul. 24, 2026) — 24% Above Median

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XKLS:0056 NCT Alliance Bhd XKLS:0056
45 GF Score
Price RM0.56
GF Value RM0.39
Valuation Significantly Overvalued
! 10 Warning Signs
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What is NCT Alliance Bhd Cyclically Adjusted PS Ratio?

NCT Alliance Bhd XKLS:0056 -1.75% 45 Cyclically Adjusted PS Ratio is 2.24 as of Jul. 24, 2026, which is 24% above its 10-year median of 1.81. GuruFocus rates XKLS:0056 with a GF Score™ of 45/100 and a GF Value™ of RM0.39 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,593 Software companies, NCT Alliance Bhd ranks worse than 59.57% on this metric.

As of today (2026-07-24), NCT Alliance Bhd's current share price is RM0.56. NCT Alliance Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.25. NCT Alliance Bhd's Cyclically Adjusted PS Ratio for today is 2.24.

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

XKLS:0056' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.81   Max: 2.6
Current: 2.36

During the past years, NCT Alliance Bhd's highest Cyclically Adjusted PS Ratio was 2.60. The lowest was 0.94. And the median was 1.81.

XKLS:0056's Cyclically Adjusted PS Ratio is ranked worse than
59.57% of 1593 companies
in the Software industry
Industry Median: 1.62 vs XKLS:0056: 2.36

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.

NCT Alliance Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.032. 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 RM0.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCT Alliance Bhd  (XKLS:0056) 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.


NCT Alliance Bhd Cyclically Adjusted PS Ratio Related Terms


NCT Alliance Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NCT Alliance 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.

NCT Alliance Bhd Cyclically Adjusted PS Ratio Chart

NCT Alliance 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 1.98 1.20 1.27 1.99 2.54

NCT Alliance 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 1.90 1.88 1.92 2.54 2.32

XKLS:0056 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, NCT Alliance 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.


NCT Alliance Bhd Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, NCT Alliance Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:0056
45GF Score
NCT Alliance Bhd XKLS:0056
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCT Alliance 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.56/0.25
=2.24

* 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.

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

For example, NCT Alliance 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)
=0.032/330.2130*330.2130
=0.032

Current CPI (Mar. 2026) = 330.2130.

NCT Alliance Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.127 241.018 0.174
201609 0.051 241.428 0.070
201612 0.044 241.432 0.060
201703 0.039 243.801 0.053
201706 0.050 244.955 0.067
201709 0.057 246.819 0.076
201712 0.061 246.524 0.082
201803 0.028 249.554 0.037
201806 0.039 251.989 0.051
201809 0.045 252.439 0.059
201812 0.055 251.233 0.072
201903 0.091 254.202 0.118
201906 0.042 256.143 0.054
201909 0.038 256.759 0.049
201912 0.039 256.974 0.050
202003 0.051 258.115 0.065
202006 0.038 257.797 0.049
202009 0.039 260.280 0.049
202012 0.067 260.474 0.085
202103 0.029 264.877 0.036
202106 0.054 271.696 0.066
202109 0.029 274.310 0.035
202112 0.112 278.802 0.133
202203 0.050 287.504 0.057
202206 0.044 296.311 0.049
202209 0.067 296.808 0.075
202212 0.058 296.797 0.065
202303 0.038 301.836 0.042
202306 0.043 305.109 0.047
202309 0.054 307.789 0.058
202312 0.050 306.746 0.054
202403 0.060 312.332 0.063
202406 0.048 314.175 0.050
202409 0.061 315.301 0.064
202412 0.023 315.605 0.024
202503 0.050 319.799 0.052
202506 0.057 322.561 0.058
202509 0.026 324.800 0.026
202512 0.052 324.054 0.053
202603 0.032 330.213 0.032

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 2.24 mean?
NCT Alliance Bhd (XKLS:0056) has a Cyclically Adjusted PS Ratio of 2.24 as of Jul. 24, 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 NCT Alliance Bhd and its competitors. This is 24% above median its historical median of 1.81. Over the past decade, NCT Alliance Bhd's Cyclically Adjusted PS Ratio has ranged from 0.94 to 2.60. According to the industry distribution chart, NCT Alliance Bhd ranks #949 out of 1593 companies in the Software industry, placing it in the top 59.6%.
Is NCT Alliance Bhd's Cyclically Adjusted PS Ratio too high?
NCT Alliance Bhd's current Cyclically Adjusted PS Ratio of 2.24 is 24% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.60. The Software industry median Cyclically Adjusted PS Ratio is 1.62. NCT Alliance Bhd's value of 2.24 is 38.3% above this industry median. Based on the distribution chart, NCT Alliance Bhd ranks #949 out of 1593 companies in the Software industry, which is below the industry midpoint. Overall, NCT Alliance Bhd has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCT Alliance Bhd's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, NCT Alliance Bhd ranks #949 out of 1593 companies for Cyclically Adjusted PS Ratio. This places NCT Alliance Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.62. NCT Alliance Bhd's value of 2.24 is 38.3% above this benchmark. Historically, NCT Alliance Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.94 to 2.60 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.62, NCT Alliance 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.62, based on 1,593 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. NCT Alliance Bhd's current Cyclically Adjusted PS Ratio of 2.24 is 38.3% 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 NCT Alliance Bhd and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCT Alliance Bhd's current Cyclically Adjusted PS Ratio is 2.24, which is 24% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCT Alliance Bhd stock overvalued right now?
Based on GuruFocus' analysis, NCT Alliance Bhd (XKLS:0056) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.39, compared to a current price of RM0.56 — trading 43.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.24, which is 24% above median its 10-year median of 1.81 and 38.3% above the Software industry median of 1.62. NCT Alliance Bhd's overall GF Score™ is 45/100 with 10 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 NCT Alliance Bhd (XKLS:0056), the current Cyclically Adjusted PS Ratio is 2.24 as of Jul. 24, 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 NCT Alliance Bhd (XKLS:0056) Overvalued in 2026?

Based on GuruFocus' analysis, NCT Alliance Bhd stock appears to be overvalued. The current stock price of RM0.56 is trading 43.6% above its estimated GF Value™ of RM0.39. GuruFocus considers NCT Alliance Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0056:

  • Cyclically Adjusted PS Ratio: 2.24 (24% above median its 10-year median of 1.81)
  • GF Value™: RM0.39 vs. price of RM0.56 (43.6% above fair value)
  • GF Score™: 45/100 with 10 warning signs
  • Industry Position: 38.3% above the Software median (#949 of 1593)

No single metric tells the full story. See the XKLS:0056 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NCT Alliance Bhd Business Description

Address No. 2, Jalan BP 4/9, Menara NCT, Bandar Bukit Puchong, Puchong, SGR, MYS, 47100
NCT Alliance Bhd, formerly Grand-Flo Bhd is an investment holding company, engaged in the provision of Property development and investment holding. The business activity of the firm is operated through two operating segments namely, Investment holding- Investment holding and project management activities and Property development- Property development activities and sales of completed units. Geographically, the company operates in single segment that is Malaysia.
45GF Score

Get the complete analysis for XKLS:0056

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

RM0.56
Price
RM0.39
GF Value