PBA Holdings Bhd (XKLS:5041) Cyclically Adjusted PS Ratio: 1.42 (As of Jul. 20, 2026) — 60% Above Median

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XKLS:5041 PBA Holdings Bhd XKLS:5041
78 GF Score
Price RM1.98
GF Value RM2.31
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PBA Holdings Bhd Cyclically Adjusted PS Ratio?

PBA Holdings Bhd XKLS:5041 -1.49% 78 Cyclically Adjusted PS Ratio is 1.42 as of Jul. 20, 2026, which is 60% above its 10-year median of 0.89. GuruFocus rates XKLS:5041 with a GF Score™ of 78/100 and a GF Value™ of RM2.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 442 Utilities - Regulated companies, PBA Holdings Bhd ranks better than 50% on this metric.

As of today (2026-07-20), PBA Holdings Bhd's current share price is RM1.98. PBA Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.39. PBA Holdings Bhd's Cyclically Adjusted PS Ratio for today is 1.42.

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

XKLS:5041' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.89   Max: 2.13
Current: 1.44

During the past years, PBA Holdings Bhd's highest Cyclically Adjusted PS Ratio was 2.13. The lowest was 0.63. And the median was 0.89.

XKLS:5041's Cyclically Adjusted PS Ratio is ranked better than
50% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs XKLS:5041: 1.44

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.

PBA Holdings Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.440. 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 RM1.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PBA Holdings Bhd  (XKLS:5041) 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.


PBA Holdings Bhd Cyclically Adjusted PS Ratio Related Terms


PBA Holdings Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PBA Holdings 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.

PBA Holdings Bhd Cyclically Adjusted PS Ratio Chart

PBA Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.68 1.23 1.76 1.39

PBA Holdings 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 1.63 1.50 1.53 1.39 1.32

XKLS:5041 vs AWK, WTRG, AWR: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Water subindustry, PBA 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.


PBA Holdings Bhd Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:5041
78GF Score
PBA Holdings Bhd XKLS:5041
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBA 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.

PBA Holdings Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.98/1.39
=1.42

* 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.

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

For example, PBA Holdings 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)
=0.44/330.2130*330.2130
=0.440

Current CPI (Mar. 2026) = 330.2130.

PBA Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.254 241.018 0.348
201609 0.248 241.428 0.339
201612 0.240 241.432 0.328
201703 0.244 243.801 0.330
201706 0.237 244.955 0.319
201709 0.262 246.819 0.351
201712 0.203 246.524 0.272
201803 0.260 249.554 0.344
201806 0.257 251.989 0.337
201809 0.254 252.439 0.332
201812 0.241 251.233 0.317
201903 0.255 254.202 0.331
201906 0.293 256.143 0.378
201909 0.234 256.759 0.301
201912 0.246 256.974 0.316
202003 0.248 258.115 0.317
202006 0.257 257.797 0.329
202009 0.253 260.280 0.321
202012 0.258 260.474 0.327
202103 0.265 264.877 0.330
202106 0.242 271.696 0.294
202109 0.249 274.310 0.300
202112 0.278 278.802 0.329
202203 0.240 287.504 0.276
202206 0.281 296.311 0.313
202209 0.274 296.808 0.305
202212 0.256 296.797 0.285
202303 0.294 301.836 0.322
202306 0.316 305.109 0.342
202309 0.345 307.789 0.370
202312 0.325 306.746 0.350
202403 0.336 312.332 0.355
202406 0.454 314.175 0.477
202409 0.423 315.301 0.443
202412 0.381 315.605 0.399
202503 0.375 319.799 0.387
202506 0.444 322.561 0.455
202509 0.414 324.800 0.421
202512 0.485 324.054 0.494
202603 0.440 330.213 0.440

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 1.42 mean?
PBA Holdings Bhd (XKLS:5041) has a Cyclically Adjusted PS Ratio of 1.42 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 PBA Holdings Bhd and its competitors. This is 60% above median its historical median of 0.89. Over the past decade, PBA Holdings Bhd's Cyclically Adjusted PS Ratio has ranged from 0.63 to 2.13. According to the industry distribution chart, PBA Holdings Bhd ranks #221 out of 442 companies in the Utilities - Regulated industry, placing it in the top 50%.
Is PBA Holdings Bhd's Cyclically Adjusted PS Ratio too high?
PBA Holdings Bhd's current Cyclically Adjusted PS Ratio of 1.42 is 60% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.13. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.44. PBA Holdings Bhd's value of 1.42 is 1.4% below this industry median. Based on the distribution chart, PBA Holdings Bhd ranks #221 out of 442 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, PBA Holdings Bhd has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's Cyclically Adjusted PS Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, PBA Holdings Bhd ranks #221 out of 442 companies for Cyclically Adjusted PS Ratio. This puts PBA Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.44. PBA Holdings Bhd's value of 1.42 is 1.4% below this benchmark. Historically, PBA Holdings Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.63 to 2.13 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.44, PBA Holdings Bhd has consistently been below 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.44, based on 442 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. PBA Holdings Bhd's current Cyclically Adjusted PS Ratio of 1.42 is 1.4% below 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 PBA Holdings Bhd and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBA Holdings Bhd's current Cyclically Adjusted PS Ratio is 1.42, which is 60% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.31, compared to a current price of RM1.98 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.42, which is 60% above median its 10-year median of 0.89 and 1.4% below the Utilities - Regulated industry median of 1.44. PBA Holdings Bhd's overall GF Score™ is 78/100 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 PBA Holdings Bhd (XKLS:5041), the current Cyclically Adjusted PS Ratio is 1.42 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 PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?

Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued. The current stock price of RM1.98 is trading 14.3% below its estimated GF Value™ of RM2.31. GuruFocus considers PBA Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5041:

  • Cyclically Adjusted PS Ratio: 1.42 (60% above median its 10-year median of 0.89)
  • GF Value™: RM2.31 vs. price of RM1.98 (14.3% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 1.4% below the Utilities - Regulated median (#221 of 442)

No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PBA Holdings Bhd Business Description

Address Penang Road, Level 32, Komtar, Georgetown, PNG, MYS, 10000
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
78GF Score

Get the complete analysis for XKLS:5041

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

RM1.98
Price
RM2.31
GF Value