Tenaga Nasional BhdXKLS:5347 83 Cyclically Adjusted PS Ratio is 1.33 as of Jul. 13, 2026, which is 12% above its 10-year median of 1.19. GuruFocus rates XKLS:5347 with a GF Score™ of 83/100 and a GF Value™ of RM14.91 (Fairly Valued). The stock has 7 warning signs investors should review. Among 441 Utilities - Regulated companies, Tenaga Nasional Bhd ranks better than 52.38% on this metric.
The historical rank and industry rank for Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio or its related term are showing as below:
XKLS:5347'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.19 Max: 1.51
Current: 1.33
During the past years, Tenaga Nasional Bhd's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 0.83. And the median was 1.19.
XKLS:5347's Cyclically Adjusted PS Ratio is ranked better than 52.38% of 441
companies
in the Utilities - Regulated industry
Industry Median: 1.41
vs XKLS:5347: 1.33
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.
Tenaga Nasional Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM2.934. 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 RM10.78 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tenaga Nasional Bhd (XKLS:5347) 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.
Tenaga Nasional Bhd Cyclically Adjusted PS Ratio Related Terms
Tenaga Nasional Bhd Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Tenaga Nasional 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.
Tenaga Nasional Bhd Cyclically Adjusted PS Ratio Chart
XKLS:5347 vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison
For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.
Tenaga Nasional Bhd Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio falls into.
Tenaga Nasional 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.
Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 1.33 mean?
Tenaga Nasional Bhd (XKLS:5347) has a Cyclically Adjusted PS Ratio of 1.33 as of Jul. 13, 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 Tenaga Nasional Bhd and its competitors. This is 12% above median its historical median of 1.19. Over the past decade, Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio has ranged from 0.83 to 1.51. According to the industry distribution chart, Tenaga Nasional Bhd ranks #210 out of 441 companies in the Utilities - Regulated industry, placing it in the top 47.6%.
Is Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio too high?
Tenaga Nasional Bhd's current Cyclically Adjusted PS Ratio of 1.33 is 12% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.51. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.41. Tenaga Nasional Bhd's value of 1.33 is 5.7% below this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #210 out of 441 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Tenaga Nasional Bhd has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #210 out of 441 companies for Cyclically Adjusted PS Ratio. This puts Tenaga Nasional Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Tenaga Nasional Bhd's value of 1.33 is 5.7% below this benchmark. Historically, Tenaga Nasional Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.83 to 1.51 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.41, Tenaga Nasional 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 1.41, 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. Tenaga Nasional Bhd's current Cyclically Adjusted PS Ratio of 1.33 is 5.7% 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 Tenaga Nasional Bhd and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current Cyclically Adjusted PS Ratio is 1.33, which is 12% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (XKLS:5347) is currently considered Fairly Valued. The stock's GF Value™ is RM14.91, compared to a current price of RM14.30 — trading 4.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.33, which is 12% above median its 10-year median of 1.19 and 5.7% below the Utilities - Regulated industry median of 1.41. Tenaga Nasional Bhd's overall GF Score™ is 83/100 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 Tenaga Nasional Bhd (XKLS:5347), the current Cyclically Adjusted PS Ratio is 1.33 as of Jul. 13, 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 Tenaga Nasional Bhd (XKLS:5347) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be undervalued.
The current stock price of RM14.30 is trading 4.1% below its estimated GF Value™ of RM14.91.
GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.
Key valuation signals for XKLS:5347:
Cyclically Adjusted PS Ratio: 1.33 (12% above median its 10-year median of 1.19)
GF Value™: RM14.91 vs. price of RM14.30 (4.1% below fair value)
Industry Position: 5.7% below the Utilities - Regulated median (#210 of 441)
No single metric tells the full story. See the XKLS:5347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
83GF Score
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