Manulife Holdings Bhd (XKLS:1058) Cyclically Adjusted PS Ratio: 0.36 (As of Jul. 25, 2026) — Near Median

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XKLS:1058 Manulife Holdings Bhd XKLS:1058
62 GF Score
Price RM2.25
GF Value RM2.49
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Manulife Holdings Bhd Cyclically Adjusted PS Ratio?

Manulife Holdings Bhd XKLS:1058 -0.44% 62 Cyclically Adjusted PS Ratio is 0.36 as of Jul. 25, 2026, which is 3% above its 10-year median of 0.35. GuruFocus rates XKLS:1058 with a GF Score™ of 62/100 and a GF Value™ of RM2.49 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 412 Insurance companies, Manulife Holdings Bhd ranks better than 88.35% on this metric.

As of today (2026-07-25), Manulife Holdings Bhd's current share price is RM2.25. Manulife Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM6.29. Manulife Holdings Bhd's Cyclically Adjusted PS Ratio for today is 0.36.

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

XKLS:1058' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.35   Max: 0.43
Current: 0.36

During the past years, Manulife Holdings Bhd's highest Cyclically Adjusted PS Ratio was 0.43. The lowest was 0.28. And the median was 0.35.

XKLS:1058's Cyclically Adjusted PS Ratio is ranked better than
88.35% of 412 companies
in the Insurance industry
Industry Median: 1.21 vs XKLS:1058: 0.36

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.

Manulife Holdings Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.850. 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 RM6.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manulife Holdings Bhd  (XKLS:1058) 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.


Manulife Holdings Bhd Cyclically Adjusted PS Ratio Related Terms


Manulife Holdings Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Manulife 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.

Manulife Holdings Bhd Cyclically Adjusted PS Ratio Chart

Manulife 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 0.36 0.31 0.30 0.38 0.35

Manulife Holdings 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 0.39 0.32 0.33 0.35 0.35

XKLS:1058 vs AFL, MET, PRU: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, Manulife 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.


Manulife Holdings Bhd Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


XKLS:1058
62GF Score
Manulife Holdings Bhd XKLS:1058
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manulife 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.25/6.29
=0.36

* 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.

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

For example, Manulife Holdings 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)
=0.85/330.2130*330.2130
=0.850

Current CPI (Mar. 2026) = 330.2130.

Manulife Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.337 241.018 1.832
201609 1.395 241.428 1.908
201612 1.354 241.432 1.852
201703 1.566 243.801 2.121
201706 1.506 244.955 2.030
201709 1.467 246.819 1.963
201712 1.868 246.524 2.502
201803 1.302 249.554 1.723
201806 1.104 251.989 1.447
201809 1.648 252.439 2.156
201812 0.909 251.233 1.195
201903 1.658 254.202 2.154
201906 1.618 256.143 2.086
201909 1.290 256.759 1.659
201912 2.174 256.974 2.794
202003 0.201 258.115 0.257
202006 2.077 257.797 2.660
202009 1.940 260.280 2.461
202012 2.525 260.474 3.201
202103 1.770 264.877 2.207
202106 1.833 271.696 2.228
202109 1.862 274.310 2.241
202112 1.826 278.802 2.163
202203 0.665 287.504 0.764
202206 0.378 296.311 0.421
202209 0.711 296.808 0.791
202212 0.906 296.797 1.008
202303 0.728 301.836 0.796
202306 0.759 305.109 0.821
202309 0.954 307.789 1.024
202312 0.951 306.746 1.024
202403 1.157 312.332 1.223
202406 1.096 314.175 1.152
202409 1.057 315.301 1.107
202412 1.002 315.605 1.048
202503 0.608 319.799 0.628
202506 0.991 322.561 1.015
202509 1.169 324.800 1.188
202512 1.143 324.054 1.165
202603 0.850 330.213 0.850

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 0.36 mean?
Manulife Holdings Bhd (XKLS:1058) has a Cyclically Adjusted PS Ratio of 0.36 as of Jul. 25, 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 Manulife Holdings Bhd and its competitors. This is near median its historical median of 0.35. Over the past decade, Manulife Holdings Bhd's Cyclically Adjusted PS Ratio has ranged from 0.28 to 0.43. According to the industry distribution chart, Manulife Holdings Bhd ranks #48 out of 412 companies in the Insurance industry, placing it in the top 11.7%.
Is Manulife Holdings Bhd's Cyclically Adjusted PS Ratio too high?
Manulife Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.36 is near median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.43. The Insurance industry median Cyclically Adjusted PS Ratio is 1.21. Manulife Holdings Bhd's value of 0.36 is 70.2% below this industry median. Based on the distribution chart, Manulife Holdings Bhd ranks #48 out of 412 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Manulife Holdings Bhd has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Holdings Bhd's Cyclically Adjusted PS Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Holdings Bhd ranks #48 out of 412 companies for Cyclically Adjusted PS Ratio. This places Manulife Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.21. Manulife Holdings Bhd's value of 0.36 is 70.2% below this benchmark. Historically, Manulife Holdings Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.28 to 0.43 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 1.21, Manulife Holdings 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 an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.21, based on 412 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. Manulife Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.36 is 70.2% 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 Manulife Holdings Bhd and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Holdings Bhd's current Cyclically Adjusted PS Ratio is 0.36, which is near median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Manulife Holdings Bhd (XKLS:1058) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.49, compared to a current price of RM2.25 — trading 9.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is near median its 10-year median of 0.35 and 70.2% below the Insurance industry median of 1.21. Manulife Holdings Bhd's overall GF Score™ is 62/100 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 Manulife Holdings Bhd (XKLS:1058), the current Cyclically Adjusted PS Ratio is 0.36 as of Jul. 25, 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 Manulife Holdings Bhd (XKLS:1058) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife Holdings Bhd stock appears to be undervalued. The current stock price of RM2.25 is trading 9.6% below its estimated GF Value™ of RM2.49. GuruFocus considers Manulife Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:1058:

  • Cyclically Adjusted PS Ratio: 0.36 (near median its 10-year median of 0.35)
  • GF Value™: RM2.49 vs. price of RM2.25 (9.6% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 70.2% below the Insurance median (#48 of 412)

No single metric tells the full story. See the XKLS:1058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manulife Holdings Bhd Business Description

Address 6 Jalan Gelenggang, Damansara Heights, 16th Floor, Menara Manulife, Kuala Lumpur, SGR, MYS, 50490
Manulife Holdings Bhd is an investment holding company that is engaged in the business of life insurance business, management of unit trust funds, private retirement scheme funds, investment, and fund management. The company operates through Investment Holding, Life Insurance and Asset Management Services segments. The investment holding segment includes Investment holding operations and other segments; Life insurance segment includes underwriting of Participating life and Non-participating life insurance and unit-linked products; and Asset management services include asset management, unit trust, private retirement scheme funds. The group's principal revenue source is from the Life insurance business segment.
62GF Score

Get the complete analysis for XKLS:1058

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

RM2.25
Price
RM2.49
GF Value