Berjaya Assets Bhd (XKLS:3239) Cyclically Adjusted PS Ratio: 2.27 (As of Jul. 16, 2026) — 19% Above Median

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XKLS:3239 Berjaya Assets Bhd XKLS:3239
20 GF Score
Price RM0.30
GF Value RM0.36
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Berjaya Assets Bhd Cyclically Adjusted PS Ratio?

Berjaya Assets Bhd XKLS:3239 20 Cyclically Adjusted PS Ratio is 2.27 as of Jul. 16, 2026, which is 19% above its 10-year median of 1.90. GuruFocus rates XKLS:3239 with a GF Score™ of 20/100 and a GF Value™ of RM0.36 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 474 Conglomerates companies, Berjaya Assets Bhd ranks worse than 76.79% on this metric.

As of today (2026-07-16), Berjaya Assets Bhd's current share price is RM0.295. Berjaya Assets Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.13. Berjaya Assets Bhd's Cyclically Adjusted PS Ratio for today is 2.27.

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

XKLS:3239' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.53   Med: 1.9   Max: 2.93
Current: 2.32

During the past years, Berjaya Assets Bhd's highest Cyclically Adjusted PS Ratio was 2.93. The lowest was 1.53. And the median was 1.90.

XKLS:3239's Cyclically Adjusted PS Ratio is ranked worse than
76.79% of 474 companies
in the Conglomerates industry
Industry Median: 0.81 vs XKLS:3239: 2.32

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.

Berjaya Assets Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.031. 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 RM0.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Berjaya Assets Bhd  (XKLS:3239) 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.


Berjaya Assets Bhd Cyclically Adjusted PS Ratio Related Terms


Berjaya Assets Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Berjaya Assets 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.

Berjaya Assets Bhd Cyclically Adjusted PS Ratio Chart

Berjaya Assets Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 1.79 1.91 2.09 2.33

Berjaya Assets 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 2.14 2.33 2.22 2.31 2.28

XKLS:3239 vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Berjaya Assets 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.


Berjaya Assets Bhd Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


XKLS:3239
20GF Score
Berjaya Assets Bhd XKLS:3239
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Berjaya Assets 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.295/0.13
=2.27

* 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.

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

For example, Berjaya Assets 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)
=0.031/330.2130*330.2130
=0.031

Current CPI (Mar. 2026) = 330.2130.

Berjaya Assets Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.044 241.018 0.060
201609 0.041 241.428 0.056
201612 0.041 241.432 0.056
201703 0.039 243.801 0.053
201706 0.036 244.955 0.049
201709 0.034 246.819 0.045
201712 0.042 246.524 0.056
201803 0.031 249.554 0.041
201806 0.019 251.989 0.025
201809 0.030 252.439 0.039
201812 0.032 251.233 0.042
201903 0.030 254.202 0.039
201906 0.038 256.143 0.049
201909 0.029 256.759 0.037
201912 0.029 256.974 0.037
202003 0.025 258.115 0.032
202006 0.014 257.797 0.018
202009 0.020 260.280 0.025
202012 0.017 260.474 0.022
202103 0.018 264.877 0.022
202106 0.014 271.696 0.017
202109 0.009 274.310 0.011
202112 0.018 278.802 0.021
202203 0.020 287.504 0.023
202206 0.020 296.311 0.022
202209 0.021 296.808 0.023
202212 0.023 296.797 0.026
202303 0.022 301.836 0.024
202306 0.022 305.109 0.024
202309 0.022 307.789 0.024
202312 0.023 306.746 0.025
202403 0.025 312.332 0.026
202406 0.025 314.175 0.026
202409 0.026 315.301 0.027
202412 0.026 315.605 0.027
202503 0.024 319.799 0.025
202506 0.026 322.561 0.027
202509 0.028 324.800 0.028
202512 0.029 324.054 0.030
202603 0.031 330.213 0.031

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 2.27 mean?
Berjaya Assets Bhd (XKLS:3239) has a Cyclically Adjusted PS Ratio of 2.27 as of Jul. 16, 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 Berjaya Assets Bhd and its competitors. This is 19% above median its historical median of 1.90. Over the past decade, Berjaya Assets Bhd's Cyclically Adjusted PS Ratio has ranged from 1.53 to 2.93. According to the industry distribution chart, Berjaya Assets Bhd ranks #364 out of 474 companies in the Conglomerates industry, placing it in the top 76.8%.
Is Berjaya Assets Bhd's Cyclically Adjusted PS Ratio too high?
Berjaya Assets Bhd's current Cyclically Adjusted PS Ratio of 2.27 is 19% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 2.93. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.81. Berjaya Assets Bhd's value of 2.27 is 180.2% above this industry median. Based on the distribution chart, Berjaya Assets Bhd ranks #364 out of 474 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Berjaya Assets Bhd has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Assets Bhd's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Berjaya Assets Bhd ranks #364 out of 474 companies for Cyclically Adjusted PS Ratio. This places Berjaya Assets Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.81. Berjaya Assets Bhd's value of 2.27 is 180.2% above this benchmark. Historically, Berjaya Assets Bhd's own Cyclically Adjusted PS Ratio has ranged from 1.53 to 2.93 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 0.81, Berjaya Assets 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.81, based on 474 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. Berjaya Assets Bhd's current Cyclically Adjusted PS Ratio of 2.27 is 180.2% 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 Berjaya Assets Bhd and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berjaya Assets Bhd's current Cyclically Adjusted PS Ratio is 2.27, which is 19% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Assets Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Assets Bhd (XKLS:3239) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.30 — trading 18.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.27, which is 19% above median its 10-year median of 1.90 and 180.2% above the Conglomerates industry median of 0.81. Berjaya Assets Bhd's overall GF Score™ is 20/100 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 Berjaya Assets Bhd (XKLS:3239), the current Cyclically Adjusted PS Ratio is 2.27 as of Jul. 16, 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 Berjaya Assets Bhd (XKLS:3239) Overvalued in 2026?

Based on GuruFocus' analysis, Berjaya Assets Bhd stock appears to be undervalued. The current stock price of RM0.30 is trading 18.1% below its estimated GF Value™ of RM0.36. GuruFocus considers Berjaya Assets Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3239:

  • Cyclically Adjusted PS Ratio: 2.27 (19% above median its 10-year median of 1.90)
  • GF Value™: RM0.36 vs. price of RM0.30 (18.1% below fair value)
  • GF Score™: 20/100 with 4 warning signs
  • Industry Position: 180.2% above the Conglomerates median (#364 of 474)

No single metric tells the full story. See the XKLS:3239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Berjaya Assets Bhd Business Description

Address No. 1 Jalan Imbi, Berjaya Times Square, Level 12, Kuala Lumpur, SGR, MYS, 55100
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.
20GF Score

Get the complete analysis for XKLS:3239

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

RM0.30
Price
RM0.36
GF Value