Alliance Bank Malaysia Bhd (XKLS:2488) Cyclically Adjusted PS Ratio: 3.47 (As of Jul. 29, 2026) — 21% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:2488 Alliance Bank Malaysia Bhd XKLS:2488
79 GF Score
Price RM4.79
GF Value RM4.50
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Alliance Bank Malaysia Bhd Cyclically Adjusted PS Ratio?

Alliance Bank Malaysia Bhd XKLS:2488 -0.21% 79 Cyclically Adjusted PS Ratio is 3.47 as of Jul. 29, 2026, which is 21% above its 10-year median of 2.87. GuruFocus rates XKLS:2488 with a GF Score™ of 79/100 and a GF Value™ of RM4.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,301 Banks companies, Alliance Bank Malaysia Bhd ranks worse than 50.65% on this metric.

As of today (2026-07-29), Alliance Bank Malaysia Bhd's current share price is RM4.79. Alliance Bank Malaysia Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.38. Alliance Bank Malaysia Bhd's Cyclically Adjusted PS Ratio for today is 3.47.

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

XKLS:2488' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.67   Med: 2.87   Max: 4.06
Current: 3.46

During the past years, Alliance Bank Malaysia Bhd's highest Cyclically Adjusted PS Ratio was 4.06. The lowest was 1.67. And the median was 2.87.

XKLS:2488's Cyclically Adjusted PS Ratio is ranked worse than
50.65% of 1301 companies
in the Banks industry
Industry Median: 3.43 vs XKLS:2488: 3.46

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.

Alliance Bank Malaysia Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.343. 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 RM1.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alliance Bank Malaysia Bhd  (XKLS:2488) 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.


Alliance Bank Malaysia Bhd Cyclically Adjusted PS Ratio Related Terms


Alliance Bank Malaysia Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alliance Bank Malaysia 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.

Alliance Bank Malaysia Bhd Cyclically Adjusted PS Ratio Chart

Alliance Bank Malaysia Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.23 2.75 2.86 3.42 3.49

Alliance Bank Malaysia 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 3.42 3.23 3.24 3.73 3.49

XKLS:2488 vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Alliance Bank Malaysia 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.


Alliance Bank Malaysia Bhd Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Alliance Bank Malaysia Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:2488
79GF Score
Alliance Bank Malaysia Bhd XKLS:2488
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alliance Bank Malaysia 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.79/1.38
=3.47

* 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.

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

For example, Alliance Bank Malaysia 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)
=0.343/330.2130*330.2130
=0.343

Current CPI (Mar. 2026) = 330.2130.

Alliance Bank Malaysia Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.232 241.018 0.318
201609 0.230 241.428 0.315
201612 0.241 241.432 0.330
201703 0.234 243.801 0.317
201706 0.246 244.955 0.332
201709 0.251 246.819 0.336
201712 0.246 246.524 0.330
201803 0.249 249.554 0.329
201806 0.253 251.989 0.332
201809 0.251 252.439 0.328
201812 0.263 251.233 0.346
201903 0.254 254.202 0.330
201906 0.224 256.143 0.289
201909 0.270 256.759 0.347
201912 0.272 256.974 0.350
202003 0.270 258.115 0.345
202006 0.265 257.797 0.339
202009 0.298 260.280 0.378
202012 0.300 260.474 0.380
202103 0.281 264.877 0.350
202106 0.304 271.696 0.369
202109 0.285 274.310 0.343
202112 0.302 278.802 0.358
202203 0.284 287.504 0.326
202206 0.298 296.311 0.332
202209 0.303 296.808 0.337
202212 0.313 296.797 0.348
202303 0.295 301.836 0.323
202306 0.293 305.109 0.317
202309 0.332 307.789 0.356
202312 0.321 306.746 0.346
202403 0.325 312.332 0.344
202406 0.340 314.175 0.357
202409 0.381 315.301 0.399
202412 0.353 315.605 0.369
202503 0.354 319.799 0.366
202506 0.397 322.561 0.406
202509 0.368 324.800 0.374
202512 0.365 324.054 0.372
202603 0.343 330.213 0.343

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 3.47 mean?
Alliance Bank Malaysia Bhd (XKLS:2488) has a Cyclically Adjusted PS Ratio of 3.47 as of Jul. 29, 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 Alliance Bank Malaysia Bhd and its competitors. This is 21% above median its historical median of 2.87. Over the past decade, Alliance Bank Malaysia Bhd's Cyclically Adjusted PS Ratio has ranged from 1.67 to 4.06. According to the industry distribution chart, Alliance Bank Malaysia Bhd ranks #659 out of 1301 companies in the Banks industry, placing it in the top 50.7%.
Is Alliance Bank Malaysia Bhd's Cyclically Adjusted PS Ratio too high?
Alliance Bank Malaysia Bhd's current Cyclically Adjusted PS Ratio of 3.47 is 21% above median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 4.06. The Banks industry median Cyclically Adjusted PS Ratio is 3.43. Alliance Bank Malaysia Bhd's value of 3.47 is 1.2% above this industry median. Based on the distribution chart, Alliance Bank Malaysia Bhd ranks #659 out of 1301 companies in the Banks industry, which is below the industry midpoint. Overall, Alliance Bank Malaysia Bhd has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alliance Bank Malaysia Bhd's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Alliance Bank Malaysia Bhd ranks #659 out of 1301 companies for Cyclically Adjusted PS Ratio. This places Alliance Bank Malaysia Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.43. Alliance Bank Malaysia Bhd's value of 3.47 is 1.2% above this benchmark. Historically, Alliance Bank Malaysia Bhd's own Cyclically Adjusted PS Ratio has ranged from 1.67 to 4.06 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 3.43, Alliance Bank Malaysia 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.43, based on 1,301 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. Alliance Bank Malaysia Bhd's current Cyclically Adjusted PS Ratio of 3.47 is 1.2% 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 Alliance Bank Malaysia Bhd and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliance Bank Malaysia Bhd's current Cyclically Adjusted PS Ratio is 3.47, which is 21% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Bank Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Alliance Bank Malaysia Bhd (XKLS:2488) is currently considered Fairly Valued. The stock's GF Value™ is RM4.50, compared to a current price of RM4.79 — trading 6.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.47, which is 21% above median its 10-year median of 2.87 and 1.2% above the Banks industry median of 3.43. Alliance Bank Malaysia Bhd's overall GF Score™ is 79/100 with 4 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 Alliance Bank Malaysia Bhd (XKLS:2488), the current Cyclically Adjusted PS Ratio is 3.47 as of Jul. 29, 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 Alliance Bank Malaysia Bhd (XKLS:2488) Overvalued in 2026?

Based on GuruFocus' analysis, Alliance Bank Malaysia Bhd stock appears to be overvalued. The current stock price of RM4.79 is trading 6.4% above its estimated GF Value™ of RM4.50. GuruFocus considers Alliance Bank Malaysia Bhd to be Fairly Valued.

Key valuation signals for XKLS:2488:

  • Cyclically Adjusted PS Ratio: 3.47 (21% above median its 10-year median of 2.87)
  • GF Value™: RM4.50 vs. price of RM4.79 (6.4% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 1.2% above the Banks median (#659 of 1301)

No single metric tells the full story. See the XKLS:2488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alliance Bank Malaysia Bhd Business Description

Address No. 8, Jalan Munshi Abdullah, 3rd Floor, Menara Multi-Purpose, Capital Square, Kuala Lumpur, SGR, MYS, 50100
Alliance Bank Malaysia Bhd is a Malaysia-based company engaged in providing banking and financial services. Its segments consist of its consumer banking segment, which offers personal banking solutions, including mortgages, credit cards, and wealth management. The business banking segment consists of small and midsize enterprise and wholesale banking and offers products and services, such as cash management, trade finance, treasury, and structured solutions. The financial markets segment offers money market, hedging, foreign exchange, wealth management, stockbroking, and corporate advisory segments. The stockbroking and corporate advisory cover stockbroking activities and corporate advisory and other segments.
79GF Score

Get the complete analysis for XKLS:2488

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

RM4.79
Price
RM4.50
GF Value