Malayan Cement Bhd (XKLS:3794) Cyclically Adjusted PS Ratio: 2.20 (As of Jul. 25, 2026) — 90% Above Median

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XKLS:3794 Malayan Cement Bhd XKLS:3794
79 GF Score
Price RM6.21
GF Value RM5.54
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Malayan Cement Bhd Cyclically Adjusted PS Ratio?

Malayan Cement Bhd XKLS:3794 +1.14% 79 Cyclically Adjusted PS Ratio is 2.20 as of Jul. 25, 2026, which is 90% above its 10-year median of 1.16. GuruFocus rates XKLS:3794 with a GF Score™ of 79/100 and a GF Value™ of RM5.54 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 325 Building Materials companies, Malayan Cement Bhd ranks worse than 75.38% on this metric.

As of today (2026-07-25), Malayan Cement Bhd's current share price is RM6.21. Malayan Cement Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM2.82. Malayan Cement Bhd's Cyclically Adjusted PS Ratio for today is 2.20.

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

XKLS:3794' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.16   Max: 3.09
Current: 2.18

During the past years, Malayan Cement Bhd's highest Cyclically Adjusted PS Ratio was 3.09. The lowest was 0.58. And the median was 1.16.

XKLS:3794's Cyclically Adjusted PS Ratio is ranked worse than
75.38% of 325 companies
in the Building Materials industry
Industry Median: 1.05 vs XKLS:3794: 2.18

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.

Malayan Cement Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.638. 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 RM2.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malayan Cement Bhd  (XKLS:3794) 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.


Malayan Cement Bhd Cyclically Adjusted PS Ratio Related Terms


Malayan Cement Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Malayan Cement 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.

Malayan Cement Bhd Cyclically Adjusted PS Ratio Chart

Malayan Cement Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.68 0.99 1.66 1.74

Malayan Cement 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 1.67 1.74 2.46 2.73 2.15

XKLS:3794 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Malayan Cement 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.


Malayan Cement Bhd Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:3794
79GF Score
Malayan Cement Bhd XKLS:3794
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malayan Cement 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.21/2.82
=2.20

* 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.

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

For example, Malayan Cement 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)
=0.638/330.2130*330.2130
=0.638

Current CPI (Mar. 2026) = 330.2130.

Malayan Cement Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.845 236.525 1.180
201603 0.788 238.132 1.093
201606 0.775 241.018 1.062
201609 0.691 241.428 0.945
201612 0.749 241.432 1.024
201703 0.661 243.801 0.895
201706 0.626 244.955 0.844
201709 0.681 246.819 0.911
201712 0.678 246.524 0.908
201803 0.644 249.554 0.852
201806 0.626 251.989 0.820
201809 0.583 252.439 0.763
201812 0.645 251.233 0.848
201903 0.634 254.202 0.824
201906 0.555 256.143 0.715
201909 0.548 256.759 0.705
202003 0.421 258.115 0.539
202009 0.433 260.280 0.549
202012 0.412 260.474 0.522
202103 0.441 264.877 0.550
202106 0.296 271.696 0.360
202109 0.293 274.310 0.353
202112 0.462 278.802 0.547
202203 0.447 287.504 0.513
202206 0.453 296.311 0.505
202209 0.483 296.808 0.537
202212 0.505 296.797 0.562
202303 0.558 301.836 0.610
202306 0.569 305.109 0.616
202309 0.627 307.789 0.673
202312 0.629 306.746 0.677
202403 0.590 312.332 0.624
202406 0.557 314.175 0.585
202409 0.623 315.301 0.652
202412 0.615 315.605 0.643
202503 0.584 319.799 0.603
202506 0.591 322.561 0.605
202509 0.645 324.800 0.656
202512 0.663 324.054 0.676
202603 0.638 330.213 0.638

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 2.20 mean?
Malayan Cement Bhd (XKLS:3794) has a Cyclically Adjusted PS Ratio of 2.20 as of Jul. 25, 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 Malayan Cement Bhd and its competitors. This is 90% above median its historical median of 1.16. Over the past decade, Malayan Cement Bhd's Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.09. According to the industry distribution chart, Malayan Cement Bhd ranks #245 out of 325 companies in the Building Materials industry, placing it in the top 75.4%.
Is Malayan Cement Bhd's Cyclically Adjusted PS Ratio too high?
Malayan Cement Bhd's current Cyclically Adjusted PS Ratio of 2.20 is 90% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 3.09. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.05. Malayan Cement Bhd's value of 2.20 is 109.5% above this industry median. Based on the distribution chart, Malayan Cement Bhd ranks #245 out of 325 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Malayan Cement Bhd has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Malayan Cement Bhd ranks #245 out of 325 companies for Cyclically Adjusted PS Ratio. This places Malayan Cement Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Malayan Cement Bhd's value of 2.20 is 109.5% above this benchmark. Historically, Malayan Cement Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.09 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.05, Malayan Cement 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.05, based on 325 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. Malayan Cement Bhd's current Cyclically Adjusted PS Ratio of 2.20 is 109.5% 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 Malayan Cement Bhd and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malayan Cement Bhd's current Cyclically Adjusted PS Ratio is 2.20, which is 90% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.54, compared to a current price of RM6.21 — trading 12.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.20, which is 90% above median its 10-year median of 1.16 and 109.5% above the Building Materials industry median of 1.05. Malayan Cement Bhd's overall GF Score™ is 79/100 with 3 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 Malayan Cement Bhd (XKLS:3794), the current Cyclically Adjusted PS Ratio is 2.20 as of Jul. 25, 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 Malayan Cement Bhd (XKLS:3794) Overvalued in 2026?

Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued. The current stock price of RM6.21 is trading 12.1% above its estimated GF Value™ of RM5.54. GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:3794:

  • Cyclically Adjusted PS Ratio: 2.20 (90% above median its 10-year median of 1.16)
  • GF Value™: RM5.54 vs. price of RM6.21 (12.1% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 109.5% above the Building Materials median (#245 of 325)

No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malayan Cement Bhd Business Description

Address 205 Jalan Bukit Bintang, 28th Floor, Menara YTL, Kuala Lumpur, SGR, MYS, 55100
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
79GF Score

Get the complete analysis for XKLS:3794

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

RM6.21
Price
RM5.54
GF Value