Gas Malaysia Bhd (XKLS:5209) Cyclically Adjusted PS Ratio: 0.82 (As of Jul. 23, 2026) — 15% Above Median

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XKLS:5209 Gas Malaysia Bhd XKLS:5209
75 GF Score
Price RM5.02
GF Value RM3.68
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Gas Malaysia Bhd Cyclically Adjusted PS Ratio?

Gas Malaysia Bhd XKLS:5209 75 Cyclically Adjusted PS Ratio is 0.82 as of Jul. 23, 2026, which is 15% above its 10-year median of 0.71. GuruFocus rates XKLS:5209 with a GF Score™ of 75/100 and a GF Value™ of RM3.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 441 Utilities - Regulated companies, Gas Malaysia Bhd ranks better than 68.03% on this metric.

As of today (2026-07-23), Gas Malaysia Bhd's current share price is RM5.02. Gas Malaysia Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM6.15. Gas Malaysia Bhd's Cyclically Adjusted PS Ratio for today is 0.82.

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

XKLS:5209' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.71   Max: 0.97
Current: 0.82

During the past years, Gas Malaysia Bhd's highest Cyclically Adjusted PS Ratio was 0.97. The lowest was 0.60. And the median was 0.71.

XKLS:5209's Cyclically Adjusted PS Ratio is ranked better than
68.03% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs XKLS:5209: 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.

Gas Malaysia Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM1.240. 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 RM6.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gas Malaysia Bhd  (XKLS:5209) 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.


Gas Malaysia Bhd Cyclically Adjusted PS Ratio Related Terms


Gas Malaysia Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gas Malaysia 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.

Gas Malaysia Bhd Cyclically Adjusted PS Ratio Chart

Gas Malaysia 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 0.66 0.70 0.62 0.76 0.73

Gas Malaysia 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 0.74 0.72 0.72 0.73 0.98

XKLS:5209 vs ATO, NI, UGI: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.


Gas Malaysia Bhd Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

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

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


XKLS:5209
75GF Score
Gas Malaysia Bhd XKLS:5209
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gas Malaysia 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.

Gas Malaysia Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.02/6.15
=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.

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

For example, Gas Malaysia 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)
=1.24/330.2130*330.2130
=1.240

Current CPI (Mar. 2026) = 330.2130.

Gas Malaysia Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.758 241.018 1.039
201609 0.832 241.428 1.138
201612 0.818 241.432 1.119
201703 0.925 243.801 1.253
201706 0.998 244.955 1.345
201709 1.085 246.819 1.452
201712 1.134 246.524 1.519
201803 1.118 249.554 1.479
201806 1.171 251.989 1.535
201809 1.212 252.439 1.585
201812 1.354 251.233 1.780
201903 1.336 254.202 1.735
201906 1.353 256.143 1.744
201909 1.368 256.759 1.759
201912 1.307 256.974 1.680
202003 1.251 258.115 1.600
202006 1.199 257.797 1.536
202009 1.341 260.280 1.701
202012 1.417 260.474 1.796
202103 0.897 264.877 1.118
202106 1.071 271.696 1.302
202109 1.077 274.310 1.296
202112 1.511 278.802 1.790
202203 1.390 287.504 1.596
202206 1.384 296.311 1.542
202209 1.452 296.808 1.615
202212 1.732 296.797 1.927
202303 1.900 301.836 2.079
202306 1.574 305.109 1.704
202309 1.415 307.789 1.518
202312 1.403 306.746 1.510
202403 1.458 312.332 1.541
202406 1.546 314.175 1.625
202409 1.660 315.301 1.739
202412 1.601 315.605 1.675
202503 1.437 319.799 1.484
202506 1.404 322.561 1.437
202509 1.460 324.800 1.484
202512 1.413 324.054 1.440
202603 1.240 330.213 1.240

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?
Gas Malaysia Bhd (XKLS:5209) has a Cyclically Adjusted PS Ratio of 0.82 as of Jul. 23, 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 Gas Malaysia Bhd and its competitors. This is 15% above median its historical median of 0.71. Over the past decade, Gas Malaysia Bhd's Cyclically Adjusted PS Ratio has ranged from 0.60 to 0.97. According to the industry distribution chart, Gas Malaysia Bhd ranks #141 out of 441 companies in the Utilities - Regulated industry, placing it in the top 32%.
Is Gas Malaysia Bhd's Cyclically Adjusted PS Ratio too high?
Gas Malaysia Bhd's current Cyclically Adjusted PS Ratio of 0.82 is 15% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 0.97. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.44. Gas Malaysia Bhd's value of 0.82 is 43.1% below this industry median. Based on the distribution chart, Gas Malaysia Bhd ranks #141 out of 441 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Gas Malaysia Bhd has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Malaysia Bhd's Cyclically Adjusted PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Gas Malaysia Bhd ranks #141 out of 441 companies for Cyclically Adjusted PS Ratio. This puts Gas Malaysia Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.44. Gas Malaysia Bhd's value of 0.82 is 43.1% below this benchmark. Historically, Gas Malaysia Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.60 to 0.97 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.44, Gas Malaysia 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 441 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. Gas Malaysia Bhd's current Cyclically Adjusted PS Ratio of 0.82 is 43.1% 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 Gas Malaysia 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. Gas Malaysia Bhd's current Cyclically Adjusted PS Ratio is 0.82, which is 15% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gas Malaysia Bhd (XKLS:5209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.68, compared to a current price of RM5.02 — trading 36.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 15% above median its 10-year median of 0.71 and 43.1% below the Utilities - Regulated industry median of 1.44. Gas Malaysia Bhd's overall GF Score™ is 75/100 with 5 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 Gas Malaysia Bhd (XKLS:5209), the current Cyclically Adjusted PS Ratio is 0.82 as of Jul. 23, 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 Gas Malaysia Bhd (XKLS:5209) Overvalued in 2026?

Based on GuruFocus' analysis, Gas Malaysia Bhd stock appears to be overvalued. The current stock price of RM5.02 is trading 36.4% above its estimated GF Value™ of RM3.68. GuruFocus considers Gas Malaysia Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5209:

  • Cyclically Adjusted PS Ratio: 0.82 (15% above median its 10-year median of 0.71)
  • GF Value™: RM3.68 vs. price of RM5.02 (36.4% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 43.1% below the Utilities - Regulated median (#141 of 441)

No single metric tells the full story. See the XKLS:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gas Malaysia Bhd Business Description

Address 5, Jalan Serendah 26/17, Seksyen 26, Shah Alam, SGR, MYS, 40732
Gas Malaysia Bhd is engaged in the sale, marketing, and distribution of natural gas to residential, commercial, and industrial customers, as well as the development, operation, and maintenance of the Natural Gas Distribution System (NGDS) in Peninsular Malaysia. The company segments its operations into Natural Gas & LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Its revenue is mainly derived from the sales of natural gas to industrial, commercial, and residential customers. The group sells gas to customers in various forms, namely natural gas, LPG, and CNG.
75GF Score

Get the complete analysis for XKLS:5209

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

RM5.02
Price
RM3.68
GF Value