JcbNext Bhd (XKLS:0058) Cyclically Adjusted PS Ratio: 19.44 (As of Jul. 24, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:0058 JcbNext Bhd XKLS:0058
81 GF Score
Price RM1.75
GF Value RM2.69
Valuation Possible Value Trap
! 5 Warning Signs
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What is JcbNext Bhd Cyclically Adjusted PS Ratio?

JcbNext Bhd XKLS:0058 81 Cyclically Adjusted PS Ratio is 19.44 as of Jul. 24, 2026, which is 4% above its 10-year median of 18.75. GuruFocus rates XKLS:0058 with a GF Score™ of 81/100 and a GF Value™ of RM2.69 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 905 Asset Management companies, JcbNext Bhd ranks worse than 86.63% on this metric.

As of today (2026-07-24), JcbNext Bhd's current share price is RM1.75. JcbNext Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.09. JcbNext Bhd's Cyclically Adjusted PS Ratio for today is 19.44.

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

XKLS:0058' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.21   Med: 18.75   Max: 130
Current: 19.05

During the past years, JcbNext Bhd's highest Cyclically Adjusted PS Ratio was 130.00. The lowest was 8.21. And the median was 18.75.

XKLS:0058's Cyclically Adjusted PS Ratio is ranked worse than
86.63% of 905 companies
in the Asset Management industry
Industry Median: 7.63 vs XKLS:0058: 19.05

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.

JcbNext Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.016. 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 RM0.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JcbNext Bhd  (XKLS:0058) 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.


JcbNext Bhd Cyclically Adjusted PS Ratio Related Terms


JcbNext Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JcbNext 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.

JcbNext Bhd Cyclically Adjusted PS Ratio Chart

JcbNext 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 17.50 16.09 19.24 20.70 19.79

JcbNext 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 20.06 20.18 20.30 19.79 18.30

XKLS:0058 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, JcbNext 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.


JcbNext Bhd Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, JcbNext Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:0058
81GF Score
JcbNext Bhd XKLS:0058
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JcbNext 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.75/0.09
=19.44

* 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.

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

For example, JcbNext 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)
=0.016/330.2130*330.2130
=0.016

Current CPI (Mar. 2026) = 330.2130.

JcbNext Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.017 241.018 0.023
201609 0.017 241.428 0.023
201612 0.022 241.432 0.030
201703 0.011 243.801 0.015
201706 0.025 244.955 0.034
201709 0.018 246.819 0.024
201712 0.016 246.524 0.021
201803 0.011 249.554 0.015
201806 0.023 251.989 0.030
201809 0.017 252.439 0.022
201812 0.011 251.233 0.014
201903 0.013 254.202 0.017
201906 0.024 256.143 0.031
201909 0.016 256.759 0.021
201912 0.010 256.974 0.013
202003 0.010 258.115 0.013
202006 0.022 257.797 0.028
202009 0.007 260.280 0.009
202012 0.006 260.474 0.008
202103 0.006 264.877 0.007
202106 0.018 271.696 0.022
202109 0.017 274.310 0.020
202112 0.007 278.802 0.008
202203 0.007 287.504 0.008
202206 0.028 296.311 0.031
202209 0.032 296.808 0.036
202212 0.006 296.797 0.007
202303 0.009 301.836 0.010
202306 0.037 305.109 0.040
202309 0.035 307.789 0.038
202312 0.010 306.746 0.011
202403 0.015 312.332 0.016
202406 0.036 314.175 0.038
202409 0.043 315.301 0.045
202412 0.022 315.605 0.023
202503 0.020 319.799 0.021
202506 0.055 322.561 0.056
202509 0.035 324.800 0.036
202512 0.049 324.054 0.050
202603 0.016 330.213 0.016

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 19.44 mean?
JcbNext Bhd (XKLS:0058) has a Cyclically Adjusted PS Ratio of 19.44 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 JcbNext Bhd and its competitors. This is near median its historical median of 18.75. Over the past decade, JcbNext Bhd's Cyclically Adjusted PS Ratio has ranged from 8.21 to 130.00. According to the industry distribution chart, JcbNext Bhd ranks #784 out of 905 companies in the Asset Management industry, placing it in the top 86.6%.
Is JcbNext Bhd's Cyclically Adjusted PS Ratio too high?
JcbNext Bhd's current Cyclically Adjusted PS Ratio of 19.44 is near median its 10-year median of 18.75. Over the past 10 years, this metric has ranged from a low of 8.21 to a high of 130.00. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. JcbNext Bhd's value of 19.44 is 154.8% above this industry median. Based on the distribution chart, JcbNext Bhd ranks #784 out of 905 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, JcbNext Bhd has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JcbNext Bhd's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JcbNext Bhd ranks #784 out of 905 companies for Cyclically Adjusted PS Ratio. This places JcbNext Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.63. JcbNext Bhd's value of 19.44 is 154.8% above this benchmark. Historically, JcbNext Bhd's own Cyclically Adjusted PS Ratio has ranged from 8.21 to 130.00 over the past decade. While the company's 10-year median is 18.75 vs. the industry median of 7.63, JcbNext 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.63, based on 905 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. JcbNext Bhd's current Cyclically Adjusted PS Ratio of 19.44 is 154.8% 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 JcbNext Bhd and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JcbNext Bhd's current Cyclically Adjusted PS Ratio is 19.44, which is near median its own 10-year median of 18.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JcbNext Bhd stock overvalued right now?
Based on GuruFocus' analysis, JcbNext Bhd (XKLS:0058) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.69, compared to a current price of RM1.75 — trading 34.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 19.44, which is near median its 10-year median of 18.75 and 154.8% above the Asset Management industry median of 7.63. JcbNext Bhd's overall GF Score™ is 81/100 with 5 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 JcbNext Bhd (XKLS:0058), the current Cyclically Adjusted PS Ratio is 19.44 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 JcbNext Bhd (XKLS:0058) Overvalued in 2026?

Based on GuruFocus' analysis, JcbNext Bhd stock appears to be undervalued. The current stock price of RM1.75 is trading 34.9% below its estimated GF Value™ of RM2.69. GuruFocus considers JcbNext Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0058:

  • Cyclically Adjusted PS Ratio: 19.44 (near median its 10-year median of 18.75)
  • GF Value™: RM2.69 vs. price of RM1.75 (34.9% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 154.8% above the Asset Management median (#784 of 905)

No single metric tells the full story. See the XKLS:0058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JcbNext Bhd Business Description

Address Lorong Medan Tuanku 1, No. 27, Off Jalan Sultan Ismail, Kuala Lumpur, MYS, 50300
JcbNext Bhd is an investment holding company. The company's operating segment includes Investment Holding and Others. Its Investment holding segment includes equity investments, property investments, treasury investments, investment in associates, and property leasing. The other segment includes online advertising and contract staffing. It generates maximum revenue from the Investment holding segment.
81GF Score

Get the complete analysis for XKLS:0058

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

RM1.75
Price
RM2.69
GF Value