Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Cyclically Adjusted PS Ratio: 0.06 (As of Jul. 22, 2026) — 33% Below Median

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XKLS:5098 Malaysia Steel Works (KL) Bhd Shs XKLS:5098
41 GF Score
Price RM0.23
GF Value RM0.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PS Ratio?

Malaysia Steel Works (KL) Bhd Shs XKLS:5098 -2.17% 41 Cyclically Adjusted PS Ratio is 0.06 as of Jul. 22, 2026, which is 33% below its 10-year median of 0.09. GuruFocus rates XKLS:5098 with a GF Score™ of 41/100 and a GF Value™ of RM0.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 514 Steel companies, Malaysia Steel Works (KL) Bhd Shs ranks better than 95.14% on this metric.

As of today (2026-07-22), Malaysia Steel Works (KL) Bhd Shs's current share price is RM0.225. Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM3.79. Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PS Ratio for today is 0.06.

The historical rank and industry rank for Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PS Ratio or its related term are showing as below:

XKLS:5098' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.09   Max: 0.22
Current: 0.06

During the past years, Malaysia Steel Works (KL) Bhd Shs's highest Cyclically Adjusted PS Ratio was 0.22. The lowest was 0.06. And the median was 0.09.

XKLS:5098's Cyclically Adjusted PS Ratio is ranked better than
95.14% of 514 companies
in the Steel industry
Industry Median: 0.45 vs XKLS:5098: 0.06

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.

Malaysia Steel Works (KL) Bhd Shs's adjusted revenue per share data for the three months ended in Mar. 2026 was RM1.063. 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 RM3.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malaysia Steel Works (KL) Bhd Shs  (XKLS:5098) 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.


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PS Ratio Related Terms


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Malaysia Steel Works (KL) Bhd Shs'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.

Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PS Ratio Chart

Malaysia Steel Works (KL) Bhd Shs 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 0.09 0.10 0.09 0.09 0.08

Malaysia Steel Works (KL) Bhd Shs 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 0.06 0.06 0.07 0.08 0.07

XKLS:5098 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Malaysia Steel Works (KL) Bhd Shs'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.


Malaysia Steel Works (KL) Bhd Shs Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PS Ratio falls into.


XKLS:5098
41GF Score
Malaysia Steel Works (KL) Bhd Shs XKLS:5098
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Steel Works (KL) Bhd Shs 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.

Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.225/3.79
=0.06

* 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.

Malaysia Steel Works (KL) Bhd Shs's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Malaysia Steel Works (KL) Bhd Shs'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)
=1.063/330.2130*330.2130
=1.063

Current CPI (Mar. 2026) = 330.2130.

Malaysia Steel Works (KL) Bhd Shs Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.658 241.018 0.902
201609 0.805 241.428 1.101
201612 0.842 241.432 1.152
201703 0.784 243.801 1.062
201706 0.709 244.955 0.956
201709 1.270 246.819 1.699
201712 1.314 246.524 1.760
201803 0.970 249.554 1.284
201806 0.730 251.989 0.957
201809 0.867 252.439 1.134
201812 0.773 251.233 1.016
201903 0.626 254.202 0.813
201906 0.657 256.143 0.847
201909 0.604 256.759 0.777
201912 0.779 256.974 1.001
202003 0.860 258.115 1.100
202006 0.421 257.797 0.539
202009 0.943 260.280 1.196
202012 0.668 260.474 0.847
202103 0.980 264.877 1.222
202106 0.778 271.696 0.946
202109 0.459 274.310 0.553
202112 0.683 278.802 0.809
202203 0.571 287.504 0.656
202206 0.545 296.311 0.607
202209 0.543 296.808 0.604
202212 0.572 296.797 0.636
202303 0.694 301.836 0.759
202306 0.562 305.109 0.608
202309 0.689 307.789 0.739
202312 0.759 306.746 0.817
202403 0.971 312.332 1.027
202406 0.816 314.175 0.858
202409 0.893 315.301 0.935
202412 1.006 315.605 1.053
202503 0.804 319.799 0.830
202506 0.940 322.561 0.962
202509 0.991 324.800 1.008
202512 1.001 324.054 1.020
202603 1.063 330.213 1.063

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 0.06 mean?
Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) has a Cyclically Adjusted PS Ratio of 0.06 as of Jul. 22, 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 Malaysia Steel Works (KL) Bhd Shs and its competitors. This is 33% below median its historical median of 0.09. Over the past decade, Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.22. According to the industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #25 out of 514 companies in the Steel industry, placing it in the top 4.9%.
Is Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PS Ratio too high?
Malaysia Steel Works (KL) Bhd Shs' current Cyclically Adjusted PS Ratio of 0.06 is 33% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.22. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Malaysia Steel Works (KL) Bhd Shs' value of 0.06 is 86.7% below this industry median. Based on the distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #25 out of 514 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Steel Works (KL) Bhd Shs has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Malaysia Steel Works (KL) Bhd Shs' Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #25 out of 514 companies for Cyclically Adjusted PS Ratio. This places Malaysia Steel Works (KL) Bhd Shs in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.45. Malaysia Steel Works (KL) Bhd Shs' value of 0.06 is 86.7% below this benchmark. Historically, Malaysia Steel Works (KL) Bhd Shs' own Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.22 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.45, Malaysia Steel Works (KL) Bhd Shs 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 a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 514 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. Malaysia Steel Works (KL) Bhd Shs's current Cyclically Adjusted PS Ratio of 0.06 is 86.7% 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 Malaysia Steel Works (KL) Bhd Shs and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malaysia Steel Works (KL) Bhd Shs's current Cyclically Adjusted PS Ratio is 0.06, which is 33% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Steel Works (KL) Bhd Shs stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.40, compared to a current price of RM0.23 — trading 43.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.06, which is 33% below median its 10-year median of 0.09 and 86.7% below the Steel industry median of 0.45. Malaysia Steel Works (KL) Bhd Shs' overall GF Score™ is 41/100 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098), the current Cyclically Adjusted PS Ratio is 0.06 as of Jul. 22, 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs stock appears to be undervalued. The current stock price of RM0.23 is trading 43.8% below its estimated GF Value™ of RM0.40. GuruFocus considers Malaysia Steel Works (KL) Bhd Shs to be Possible Value Trap.

Key valuation signals for XKLS:5098:

  • Cyclically Adjusted PS Ratio: 0.06 (33% below median its 10-year median of 0.09)
  • GF Value™: RM0.40 vs. price of RM0.23 (43.8% below fair value)
  • GF Score™: 41/100 with 7 warning signs
  • Industry Position: 86.7% below the Steel median (#25 of 514)

No single metric tells the full story. See the XKLS:5098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysia Steel Works (KL) Bhd Shs Business Description

Address Wisma Masteel, Lot 29C, Off Jalan Tandang, Section 51, Petaling Jaya, SGR, MYS, 46050
Malaysia Steel Works (KL) Bhd Shs engages in the manufacturing and marketing of high tensile steel bars, mild steel bars, and prime steel billets. These steel products are used in construction and infrastructure works. The company is organized in one business segment which is the Manufacturing of steel bars and billets. Geographically, the group has a business presence in Malaysia and Outside Malaysia, of which prime revenue is derived from Malaysia.
41GF Score

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

RM0.23
Price
RM0.40
GF Value