Hong Leong Industries Bhd (XKLS:3301) Cyclically Adjusted PS Ratio: 1.76 (As of Jul. 20, 2026) — 54% Above Median

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XKLS:3301 Hong Leong Industries Bhd XKLS:3301
82 GF Score
Price RM18.60
GF Value RM13.88
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Hong Leong Industries Bhd Cyclically Adjusted PS Ratio?

Hong Leong Industries Bhd XKLS:3301 +0.98% 82 Cyclically Adjusted PS Ratio is 1.76 as of Jul. 20, 2026, which is 54% above its 10-year median of 1.14. GuruFocus rates XKLS:3301 with a GF Score™ of 82/100 and a GF Value™ of RM13.88 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,040 Vehicles & Parts companies, Hong Leong Industries Bhd ranks worse than 73.56% on this metric.

As of today (2026-07-20), Hong Leong Industries Bhd's current share price is RM18.60. Hong Leong Industries Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM10.55. Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio for today is 1.76.

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

XKLS:3301' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.14   Max: 1.85
Current: 1.76

During the past years, Hong Leong Industries Bhd's highest Cyclically Adjusted PS Ratio was 1.85. The lowest was 0.94. And the median was 1.14.

XKLS:3301's Cyclically Adjusted PS Ratio is ranked worse than
73.56% of 1040 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs XKLS:3301: 1.76

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.

Hong Leong Industries Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM2.764. 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 RM10.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Leong Industries Bhd  (XKLS:3301) 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.


Hong Leong Industries Bhd Cyclically Adjusted PS Ratio Related Terms


Hong Leong Industries Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hong Leong Industries 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.

Hong Leong Industries Bhd Cyclically Adjusted PS Ratio Chart

Hong Leong Industries 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 1.13 0.99 0.96 1.15 1.31

Hong Leong Industries 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 1.39 1.31 1.36 1.62 1.59

XKLS:3301 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Hong Leong Industries 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.


Hong Leong Industries Bhd Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:3301
82GF Score
Hong Leong Industries Bhd XKLS:3301
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Leong Industries 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.

Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.60/10.55
=1.76

* 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.

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

For example, Hong Leong Industries 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)
=2.764/330.2130*330.2130
=2.764

Current CPI (Mar. 2026) = 330.2130.

Hong Leong Industries Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.795 241.018 2.459
201609 1.834 241.428 2.508
201612 1.819 241.432 2.488
201703 1.896 243.801 2.568
201706 1.837 244.955 2.476
201709 2.033 246.819 2.720
201712 2.041 246.524 2.734
201803 2.057 249.554 2.722
201806 1.932 251.989 2.532
201809 2.145 252.439 2.806
201812 2.239 251.233 2.943
201903 2.209 254.202 2.870
201906 1.435 256.143 1.850
201909 2.291 256.759 2.946
201912 2.215 256.974 2.846
202003 1.871 258.115 2.394
202006 0.974 257.797 1.248
202009 2.077 260.280 2.635
202012 2.453 260.474 3.110
202103 2.374 264.877 2.960
202106 1.452 271.696 1.765
202109 0.881 274.310 1.061
202112 2.472 278.802 2.928
202203 2.020 287.504 2.320
202206 2.432 296.311 2.710
202209 2.812 296.808 3.128
202212 2.676 296.797 2.977
202303 2.935 301.836 3.211
202306 2.401 305.109 2.599
202309 2.657 307.789 2.851
202312 2.363 306.746 2.544
202403 2.409 312.332 2.547
202406 2.468 314.175 2.594
202409 2.954 315.301 3.094
202412 2.847 315.605 2.979
202503 2.808 319.799 2.899
202506 2.646 322.561 2.709
202509 3.091 324.800 3.143
202512 2.857 324.054 2.911
202603 2.764 330.213 2.764

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 1.76 mean?
Hong Leong Industries Bhd (XKLS:3301) has a Cyclically Adjusted PS Ratio of 1.76 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 Hong Leong Industries Bhd and its competitors. This is 54% above median its historical median of 1.14. Over the past decade, Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio has ranged from 0.94 to 1.85. According to the industry distribution chart, Hong Leong Industries Bhd ranks #765 out of 1040 companies in the Vehicles & Parts industry, placing it in the top 73.6%.
Is Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio too high?
Hong Leong Industries Bhd's current Cyclically Adjusted PS Ratio of 1.76 is 54% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 1.85. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Hong Leong Industries Bhd's value of 1.76 is 137.8% above this industry median. Based on the distribution chart, Hong Leong Industries Bhd ranks #765 out of 1040 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Hong Leong Industries Bhd has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Industries Bhd's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Hong Leong Industries Bhd ranks #765 out of 1040 companies for Cyclically Adjusted PS Ratio. This places Hong Leong Industries Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Hong Leong Industries Bhd's value of 1.76 is 137.8% above this benchmark. Historically, Hong Leong Industries Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.94 to 1.85 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 0.74, Hong Leong Industries 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,040 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. Hong Leong Industries Bhd's current Cyclically Adjusted PS Ratio of 1.76 is 137.8% 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 Hong Leong Industries Bhd and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Leong Industries Bhd's current Cyclically Adjusted PS Ratio is 1.76, which is 54% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hong Leong Industries Bhd (XKLS:3301) is currently considered Significantly Overvalued. The stock's GF Value™ is RM13.88, compared to a current price of RM18.60 — trading 34% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.76, which is 54% above median its 10-year median of 1.14 and 137.8% above the Vehicles & Parts industry median of 0.74. Hong Leong Industries Bhd's overall GF Score™ is 82/100 with 7 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 Hong Leong Industries Bhd (XKLS:3301), the current Cyclically Adjusted PS Ratio is 1.76 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.

Is Hong Leong Industries Bhd (XKLS:3301) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Leong Industries Bhd stock appears to be overvalued. The current stock price of RM18.60 is trading 34% above its estimated GF Value™ of RM13.88. GuruFocus considers Hong Leong Industries Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:3301:

  • Cyclically Adjusted PS Ratio: 1.76 (54% above median its 10-year median of 1.14)
  • GF Value™: RM13.88 vs. price of RM18.60 (34% above fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 137.8% above the Vehicles & Parts median (#765 of 1040)

No single metric tells the full story. See the XKLS:3301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Leong Industries Bhd Business Description

Address Number 6, Jalan Damanlela, Level 31, Menara Hong Leong, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490
Hong Leong Industries Bhd is a Malaysia-based investment holding company. Its only operating segment is Consumer products. Consumer products segment manufacture and sale of consumer products comprises motorcycles, spare parts and ceramic tiles. Geographically, it derives a majority of its revenue from Malaysia.
82GF Score

Get the complete analysis for XKLS:3301

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

RM18.60
Price
RM13.88
GF Value