CIMB Group Holdings Bhd (XKLS:1023) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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XKLS:1023 CIMB Group Holdings Bhd XKLS:1023
58 GF Score
Price RM7.63
GF Value RM6.53
Valuation Modestly Overvalued
! 8 Warning Signs
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What is CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CIMB Group Holdings Bhd  (XKLS:1023) 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.


CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio Related Terms


CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CIMB Group Holdings 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.

CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio Chart

CIMB Group Holdings 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 2.57 2.63 2.62 3.63 3.57

CIMB Group Holdings Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.87 3.09 3.51 3.18 3.11

CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, CIMB Group Holdings 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.


CIMB Group Holdings Bhd Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, CIMB Group Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:1023
58GF Score
CIMB Group Holdings Bhd XKLS:1023
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIMB Group Holdings 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.

CIMB Group Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CIMB Group Holdings Bhd's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.468/333.9520*333.9520
=0.468

Current CPI (Jun. 2026) = 333.9520.

CIMB Group Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.500 241.428 0.692
201612 0.422 241.432 0.584
201703 0.568 243.801 0.778
201706 0.503 244.955 0.686
201709 0.539 246.819 0.729
201712 0.552 246.524 0.748
201803 0.396 249.554 0.530
201806 0.438 251.989 0.580
201809 0.447 252.439 0.591
201812 0.452 251.233 0.601
201903 0.421 254.202 0.553
201906 0.514 256.143 0.670
201909 0.512 256.759 0.666
201912 0.669 256.974 0.869
202003 0.421 258.115 0.545
202006 0.362 257.797 0.469
202009 0.521 260.280 0.668
202012 0.537 260.474 0.688
202103 0.403 264.877 0.508
202106 0.451 271.696 0.554
202109 0.466 274.310 0.567
202112 0.505 278.802 0.605
202203 0.428 287.504 0.497
202206 0.384 296.311 0.433
202209 0.492 296.808 0.554
202212 0.679 296.797 0.764
202303 0.411 301.836 0.455
202306 0.452 305.109 0.495
202309 0.542 307.789 0.588
202312 0.683 306.746 0.744
202403 0.420 312.332 0.449
202406 0.541 314.175 0.575
202409 0.900 315.301 0.953
202412 0.153 315.605 0.162
202503 0.546 319.799 0.570
202506 0.715 322.561 0.740
202509 0.509 324.800 0.523
202512 0.494 324.054 0.509
202603 0.438 330.213 0.443
202606 0.468 333.952 0.468

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.

Is CIMB Group Holdings Bhd (XKLS:1023) Overvalued in 2026?

Based on GuruFocus' analysis, CIMB Group Holdings Bhd stock appears to be overvalued. The current stock price of RM7.63 is trading 16.8% above its estimated GF Value™ of RM6.53. GuruFocus considers CIMB Group Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:1023:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: RM6.53 vs. price of RM7.63 (16.8% above fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the XKLS:1023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CIMB Group Holdings Bhd Business Description

Other Exchanges CIMDF:USA
Address Jalan Stesen Sentral 2, Level 13, Menara CIMB, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470
CIMB Group Holdings Bhd is a full-service bank based mainly in Malaysia and other Southeast Asian countries. The bank's segment includes Consumer Banking, Commercial Banking, Wholesale Banking, and CIMB Digital Assets and Group Funding. The majority of the bank's income is derived from net interest income from Consumer Banking. Geographical presence is in Malaysia, Indonesia, Thailand, Singapore, United Kingdom, Hong Kong, China and others.
58GF Score

Get the complete analysis for XKLS:1023

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

RM7.63
Price
RM6.53
GF Value