Zelan Bhd (XKLS:2283) Cyclically Adjusted PS Ratio: 0.70 (As of Jul. 20, 2026) — 126% Above Median

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What is Zelan Bhd Cyclically Adjusted PS Ratio?

Zelan Bhd XKLS:2283 Cyclically Adjusted PS Ratio is 0.70 as of Jul. 20, 2026, which is 126% above its 10-year median of 0.31. The stock has 8 warning signs investors should review. Among 1,356 Construction companies, Zelan Bhd ranks worse than 51.11% on this metric.

As of today (2026-07-20), Zelan Bhd's current share price is RM0.07. Zelan Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.10. Zelan Bhd's Cyclically Adjusted PS Ratio for today is 0.70.

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

XKLS:2283' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.31   Max: 0.75
Current: 0.73

During the past years, Zelan Bhd's highest Cyclically Adjusted PS Ratio was 0.75. The lowest was 0.11. And the median was 0.31.

XKLS:2283's Cyclically Adjusted PS Ratio is ranked worse than
51.11% of 1356 companies
in the Construction industry
Industry Median: 0.7 vs XKLS:2283: 0.73

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.

Zelan Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.010. 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 RM0.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zelan Bhd  (XKLS:2283) 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.


Zelan Bhd Cyclically Adjusted PS Ratio Related Terms


Zelan Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zelan 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.

Zelan Bhd Cyclically Adjusted PS Ratio Chart

Zelan 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 0.35 0.29 0.39 0.35 0.29

Zelan 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 0.34 0.19 0.29 0.29 0.31

XKLS:2283 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Zelan 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.


Zelan Bhd Cyclically Adjusted PS Ratio vs Construction Industry

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

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



Zelan 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.07/0.10
=0.70

* 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.

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

For example, Zelan 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)
=0.01/330.2130*330.2130
=0.010

Current CPI (Mar. 2026) = 330.2130.

Zelan Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.067 241.018 0.092
201609 0.047 241.428 0.064
201612 0.077 241.432 0.105
201703 0.040 243.801 0.054
201706 0.014 244.955 0.019
201709 0.010 246.819 0.013
201712 0.020 246.524 0.027
201803 0.024 249.554 0.032
201806 0.041 251.989 0.054
201809 0.022 252.439 0.029
201812 -0.001 251.233 -0.001
201903 0.043 254.202 0.056
201906 0.024 256.143 0.031
201909 0.009 256.759 0.012
201912 0.020 256.974 0.026
202003 0.016 258.115 0.020
202006 0.011 257.797 0.014
202009 0.015 260.280 0.019
202012 0.020 260.474 0.025
202103 0.013 264.877 0.016
202106 0.013 271.696 0.016
202109 0.014 274.310 0.017
202112 0.014 278.802 0.017
202203 0.018 287.504 0.021
202206 0.008 296.311 0.009
202209 0.007 296.808 0.008
202212 0.027 296.797 0.030
202303 0.011 301.836 0.012
202306 0.010 305.109 0.011
202309 0.010 307.789 0.011
202312 0.005 306.746 0.005
202403 0.009 312.332 0.010
202406 0.014 314.175 0.015
202409 0.016 315.301 0.017
202412 0.009 315.605 0.009
202503 0.008 319.799 0.008
202506 0.009 322.561 0.009
202509 0.009 324.800 0.009
202512 0.009 324.054 0.009
202603 0.010 330.213 0.010

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 0.70 mean?
Zelan Bhd (XKLS:2283) has a Cyclically Adjusted PS Ratio of 0.70 as of Jul. 20, 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 Zelan Bhd and its competitors. This is 126% above median its historical median of 0.31. Over the past decade, Zelan Bhd's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.75. According to the industry distribution chart, Zelan Bhd ranks #693 out of 1356 companies in the Construction industry, placing it in the top 51.1%.
Is Zelan Bhd's Cyclically Adjusted PS Ratio too high?
Zelan Bhd's current Cyclically Adjusted PS Ratio of 0.70 is 126% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.75. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Zelan Bhd's value of 0.70 is 0% at this industry median. Based on the distribution chart, Zelan Bhd ranks #693 out of 1356 companies in the Construction industry, which is below the industry midpoint.
How does Zelan Bhd's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Zelan Bhd ranks #693 out of 1356 companies for Cyclically Adjusted PS Ratio. This places Zelan Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Zelan Bhd's value of 0.70 is 0% at this benchmark. Historically, Zelan Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.75 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.70, Zelan Bhd has consistently been at 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,356 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. Zelan Bhd's current Cyclically Adjusted PS Ratio of 0.70 is 0% at 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 Zelan Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zelan Bhd's current Cyclically Adjusted PS Ratio is 0.70, which is 126% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zelan Bhd (XKLS:2283) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.07 — trading 133.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.70, which is 126% above median its 10-year median of 0.31 and 0% at the Construction industry median of 0.70. 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 Zelan Bhd (XKLS:2283), the current Cyclically Adjusted PS Ratio is 0.70 as of Jul. 20, 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.

Zelan Bhd Business Description

Address No. 1, Jalan Tasik Permaisuri 2, 24th Floor, Wisma Zelan, Bandar Tun Razak, Cheras, Kuala Lumpur, SGR, MYS, 56000
Zelan Bhd is a company involved in the engineering and construction business sector. The company business segments are the Engineering and Construction segment, which includes projects in Indonesia, the Middle East, and Malaysia, the Property and Development business segment, which includes rental income, car park income, and management fees; the Asset facility management business segment are asset management services provided for the concession agreement; and Investment business segment includes rental income. The majority of the revenue is derived from Asset facility management segment.