Hartalega Holdings Bhd (XKLS:5168) Cyclically Adjusted PS Ratio: 0.82 (As of Jul. 26, 2026) — 66% Below Median

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XKLS:5168 Hartalega Holdings Bhd XKLS:5168
66 GF Score
Price RM0.98
GF Value RM2.30
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Hartalega Holdings Bhd Cyclically Adjusted PS Ratio?

Hartalega Holdings Bhd XKLS:5168 -1.52% 66 Cyclically Adjusted PS Ratio is 0.82 as of Jul. 26, 2026, which is 66% below its 10-year median of 2.40. GuruFocus rates XKLS:5168 with a GF Score™ of 66/100 and a GF Value™ of RM2.30 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,278 Chemicals companies, Hartalega Holdings Bhd ranks better than 64.32% on this metric.

As of today (2026-07-26), Hartalega Holdings Bhd's current share price is RM0.975. Hartalega Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.19. Hartalega Holdings Bhd's Cyclically Adjusted PS Ratio for today is 0.82.

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

XKLS:5168' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.72   Med: 2.4   Max: 29.17
Current: 0.82

During the past years, Hartalega Holdings Bhd's highest Cyclically Adjusted PS Ratio was 29.17. The lowest was 0.72. And the median was 2.40.

XKLS:5168's Cyclically Adjusted PS Ratio is ranked better than
64.32% of 1278 companies
in the Chemicals industry
Industry Median: 1.28 vs XKLS:5168: 0.82

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.

Hartalega Holdings Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.151. 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 RM1.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hartalega Holdings Bhd  (XKLS:5168) 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.


Hartalega Holdings Bhd Cyclically Adjusted PS Ratio Related Terms


Hartalega Holdings Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hartalega 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.

Hartalega Holdings Bhd Cyclically Adjusted PS Ratio Chart

Hartalega Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.93 1.79 2.49 1.63 0.96

Hartalega 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 1.40 0.99 0.84 0.96

XKLS:5168 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Hartalega 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.


Hartalega Holdings Bhd Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hartalega Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:5168
66GF Score
Hartalega Holdings Bhd XKLS:5168
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hartalega 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.975/1.19
=0.82

* 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.

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

For example, Hartalega 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)
=0.151/330.2130*330.2130
=0.151

Current CPI (Mar. 2026) = 330.2130.

Hartalega Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.121 241.018 0.166
201609 0.132 241.428 0.181
201612 0.138 241.432 0.189
201703 0.160 243.801 0.217
201706 0.181 244.955 0.244
201709 0.175 246.819 0.234
201712 0.180 246.524 0.241
201803 0.181 249.554 0.240
201806 0.209 251.989 0.274
201809 0.211 252.439 0.276
201812 0.214 251.233 0.281
201903 0.205 254.202 0.266
201906 0.189 256.143 0.244
201909 0.209 256.759 0.269
201912 0.235 256.974 0.302
202003 0.230 258.115 0.294
202006 0.270 257.797 0.346
202009 0.394 260.280 0.500
202012 0.623 260.474 0.790
202103 0.675 264.877 0.841
202106 1.141 271.696 1.387
202109 0.588 274.310 0.708
202112 0.294 278.802 0.348
202203 0.283 287.504 0.325
202206 0.247 296.311 0.275
202209 0.171 296.808 0.190
202212 0.135 296.797 0.150
202303 0.151 301.836 0.165
202306 0.129 305.109 0.140
202309 0.132 307.789 0.142
202312 0.122 306.746 0.131
202403 0.155 312.332 0.164
202406 0.171 314.175 0.180
202409 0.191 315.301 0.200
202412 0.216 315.605 0.226
202503 0.179 319.799 0.185
202506 0.162 322.561 0.166
202509 0.158 324.800 0.161
202512 0.154 324.054 0.157
202603 0.151 330.213 0.151

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 0.82 mean?
Hartalega Holdings Bhd (XKLS:5168) has a Cyclically Adjusted PS Ratio of 0.82 as of Jul. 26, 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 Hartalega Holdings Bhd and its competitors. This is 66% below median its historical median of 2.40. Over the past decade, Hartalega Holdings Bhd's Cyclically Adjusted PS Ratio has ranged from 0.72 to 29.17. According to the industry distribution chart, Hartalega Holdings Bhd ranks #456 out of 1278 companies in the Chemicals industry, placing it in the top 35.7%.
Is Hartalega Holdings Bhd's Cyclically Adjusted PS Ratio too high?
Hartalega Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.82 is 66% below median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 29.17. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.28. Hartalega Holdings Bhd's value of 0.82 is 35.9% below this industry median. Based on the distribution chart, Hartalega Holdings Bhd ranks #456 out of 1278 companies in the Chemicals industry, which is above the industry midpoint. Overall, Hartalega Holdings Bhd has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hartalega Holdings Bhd's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hartalega Holdings Bhd ranks #456 out of 1278 companies for Cyclically Adjusted PS Ratio. This puts Hartalega Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Hartalega Holdings Bhd's value of 0.82 is 35.9% below this benchmark. Historically, Hartalega Holdings Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.72 to 29.17 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.28, Hartalega 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 a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.28, based on 1,278 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. Hartalega Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.82 is 35.9% 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 Hartalega Holdings Bhd and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hartalega Holdings Bhd's current Cyclically Adjusted PS Ratio is 0.82, which is 66% below median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hartalega Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hartalega Holdings Bhd (XKLS:5168) is currently considered Significantly Undervalued. The stock's GF Value™ is RM2.30, compared to a current price of RM0.98 — trading 57.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 66% below median its 10-year median of 2.40 and 35.9% below the Chemicals industry median of 1.28. Hartalega Holdings Bhd's overall GF Score™ is 66/100 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 Hartalega Holdings Bhd (XKLS:5168), the current Cyclically Adjusted PS Ratio is 0.82 as of Jul. 26, 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 Hartalega Holdings Bhd (XKLS:5168) Overvalued in 2026?

Based on GuruFocus' analysis, Hartalega Holdings Bhd stock appears to be undervalued. The current stock price of RM0.98 is trading 57.6% below its estimated GF Value™ of RM2.30. GuruFocus considers Hartalega Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5168:

  • Cyclically Adjusted PS Ratio: 0.82 (66% below median its 10-year median of 2.40)
  • GF Value™: RM2.30 vs. price of RM0.98 (57.6% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 35.9% below the Chemicals median (#456 of 1278)

No single metric tells the full story. See the XKLS:5168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hartalega Holdings Bhd Business Description

Address C-G-9, Jalan Dataran SD1, Dataran SD, PJU 9, Bandar Sri Damansara, Kuala Lumpur, SGR, MYS, 52200
Hartalega Holdings Bhd is a holding company whose subsidiaries manufacture and sell a variety of nitrile, Polyisoprene, Polychloroprene, and latex gloves. The company's gloves are used in laboratories and healthcare facilities. The company organizes its segments based on geography: North America, Europe, Asia, Australia, Malaysia, the Middle East, and Others. More revenue comes from the North America segment than from any other.
66GF Score

Get the complete analysis for XKLS:5168

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

RM0.98
Price
RM2.30
GF Value