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Fraser & Neave Holdings BhdXKLS:3689 -0.21%83 Cyclically Adjusted PS Ratio is 2.02 as of Jul. 20, 2026, which is 3% below its 10-year median of 2.08. GuruFocus rates XKLS:3689 with a GF Score™ of 83/100 and a GF Value™ of RM28.19 (Fairly Valued). The stock has 2 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Fraser & Neave Holdings Bhd ranks worse than 58.82% on this metric.
The historical rank and industry rank for Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio or its related term are showing as below:
XKLS:3689'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.08 Max: 3.04
Current: 2.02
During the past years, Fraser & Neave Holdings Bhd's highest Cyclically Adjusted PS Ratio was 3.04. The lowest was 1.51. And the median was 2.08.
XKLS:3689's Cyclically Adjusted PS Ratio is ranked worse than 58.82% of 85
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.48
vs XKLS:3689: 2.02
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.
Fraser & Neave Holdings Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM3.357. 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 RM14.44 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fraser & Neave Holdings Bhd (XKLS:3689) 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.
Fraser & Neave Holdings Bhd Cyclically Adjusted PS Ratio Related Terms
Fraser & Neave Holdings Bhd Cyclically Adjusted PS Ratio Historical Data
* 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.
Fraser & Neave Holdings Bhd Cyclically Adjusted PS Ratio Chart
XKLS:3689 vs KO, PEP, MNST: Cyclically Adjusted PS Ratio Comparison
For the Beverages - Non-Alcoholic subindustry, Fraser & Neave 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.
Fraser & Neave Holdings Bhd Cyclically Adjusted PS Ratio vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio falls into.
Fraser & Neave 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.
* 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.
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 2.02 mean?
Fraser & Neave Holdings Bhd (XKLS:3689) has a Cyclically Adjusted PS Ratio of 2.02 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 Fraser & Neave Holdings Bhd and its competitors. This is near median its historical median of 2.08. Over the past decade, Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio has ranged from 1.51 to 3.04. According to the industry distribution chart, Fraser & Neave Holdings Bhd ranks #50 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 58.8%.
Is Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio too high?
Fraser & Neave Holdings Bhd's current Cyclically Adjusted PS Ratio of 2.02 is near median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 3.04. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PS Ratio is 1.48. Fraser & Neave Holdings Bhd's value of 2.02 is 36.5% above this industry median. Based on the distribution chart, Fraser & Neave Holdings Bhd ranks #50 out of 85 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's Cyclically Adjusted PS Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Fraser & Neave Holdings Bhd ranks #50 out of 85 companies for Cyclically Adjusted PS Ratio. This places Fraser & Neave Holdings Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.48. Fraser & Neave Holdings Bhd's value of 2.02 is 36.5% above this benchmark. Historically, Fraser & Neave Holdings Bhd's own Cyclically Adjusted PS Ratio has ranged from 1.51 to 3.04 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.48, Fraser & Neave Holdings 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Non-Alcoholic companies is 1.48, based on 85 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. Fraser & Neave Holdings Bhd's current Cyclically Adjusted PS Ratio of 2.02 is 36.5% 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 Fraser & Neave Holdings Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fraser & Neave Holdings Bhd's current Cyclically Adjusted PS Ratio is 2.02, which is near median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM28.19, compared to a current price of RM29.14 — trading 3.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.02, which is near median its 10-year median of 2.08 and 36.5% above the Beverages - Non-Alcoholic industry median of 1.48. Fraser & Neave Holdings Bhd's overall GF Score™ is 83/100 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 Fraser & Neave Holdings Bhd (XKLS:3689), the current Cyclically Adjusted PS Ratio is 2.02 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 Fraser & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be overvalued.
The current stock price of RM29.14 is trading 3.4% above its estimated GF Value™ of RM28.19.
GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:3689:
Cyclically Adjusted PS Ratio: 2.02 (near median its 10-year median of 2.08)
GF Value™: RM28.19 vs. price of RM29.14 (3.4% above fair value)
Industry Position: 36.5% above the Beverages - Non-Alcoholic median (#50 of 85)
No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
83GF Score
Get the complete analysis for XKLS:3689
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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