Maxis Bhd (XKLS:6012) Cyclically Adjusted PS Ratio: 2.50 (As of Aug. 31, 2026) — Near Median

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XKLS:6012 Maxis Bhd XKLS:6012
78 GF Score
Price RM3.73
GF Value RM3.78
Valuation Fairly Valued
! 6 Warning Signs
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What is Maxis Bhd Cyclically Adjusted PS Ratio?

Maxis Bhd XKLS:6012 -0.80% 78 Cyclically Adjusted PS Ratio is 2.50 as of Aug. 31, 2026, which is 8% below its 10-year median of 2.73. GuruFocus rates XKLS:6012 with a GF Score™ of 78/100 and a GF Value™ of RM3.78 (Fairly Valued). The stock has 6 warning signs investors should review. Among 302 Telecommunication Services companies, Maxis Bhd ranks worse than 73.51% on this metric.

As of today (2026-08-31), Maxis Bhd's current share price is RM3.73. Maxis Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was RM1.49. Maxis Bhd's Cyclically Adjusted PS Ratio for today is 2.50.

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

XKLS:6012' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.18   Med: 2.73   Max: 4.3
Current: 2.51

During the past years, Maxis Bhd's highest Cyclically Adjusted PS Ratio was 4.30. The lowest was 2.18. And the median was 2.73.

XKLS:6012's Cyclically Adjusted PS Ratio is ranked worse than
73.51% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.155 vs XKLS:6012: 2.51

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.

Maxis Bhd's adjusted revenue per share data for the three months ended in Jun. 2026 was RM0.337. 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 RM1.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxis Bhd  (XKLS:6012) 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.


Maxis Bhd Cyclically Adjusted PS Ratio Related Terms


Maxis Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Maxis 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.

Maxis Bhd Cyclically Adjusted PS Ratio Chart

Maxis 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 3.64 2.76 2.74 2.55 2.61

Maxis Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.48 2.48 2.61 2.44 2.28

XKLS:6012 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Maxis 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.


Maxis Bhd Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Maxis Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:6012
78GF Score
Maxis Bhd XKLS:6012
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxis 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.73/1.49
=2.50

* 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.

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

For example, Maxis Bhd's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.337/333.9520*333.9520
=0.337

Current CPI (Jun. 2026) = 333.9520.

Maxis Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.287 241.428 0.397
201612 0.295 241.432 0.408
201703 0.316 243.801 0.433
201706 0.311 244.955 0.424
201709 0.299 246.819 0.405
201712 0.303 246.524 0.410
201803 0.286 249.554 0.383
201806 0.288 251.989 0.382
201809 0.290 252.439 0.384
201812 0.312 251.233 0.415
201903 0.285 254.202 0.374
201906 0.282 256.143 0.368
201909 0.292 256.759 0.380
201912 0.331 256.974 0.430
202003 0.299 258.115 0.387
202006 0.275 257.797 0.356
202009 0.283 260.280 0.363
202012 0.289 260.474 0.371
202103 0.285 264.877 0.359
202106 0.289 271.696 0.355
202109 0.289 274.310 0.352
202112 0.318 278.802 0.381
202203 0.306 287.504 0.355
202206 0.308 296.311 0.347
202209 0.305 296.808 0.343
202212 0.331 296.797 0.372
202303 0.321 301.836 0.355
202306 0.314 305.109 0.344
202309 0.310 307.789 0.336
202312 0.348 306.746 0.379
202403 0.331 312.332 0.354
202406 0.328 314.175 0.349
202409 0.328 315.301 0.347
202412 0.352 315.605 0.372
202503 0.331 319.799 0.346
202506 0.325 322.561 0.336
202509 0.328 324.800 0.337
202512 0.365 324.054 0.376
202603 0.347 330.213 0.351
202606 0.337 333.952 0.337

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 2.50 mean?
Maxis Bhd (XKLS:6012) has a Cyclically Adjusted PS Ratio of 2.50 as of Aug. 31, 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 Maxis Bhd and its competitors. This is near median its historical median of 2.73. Over the past decade, Maxis Bhd's Cyclically Adjusted PS Ratio has ranged from 2.18 to 4.30. According to the industry distribution chart, Maxis Bhd ranks #222 out of 302 companies in the Telecommunication Services industry, placing it in the top 73.5%.
Is Maxis Bhd's Cyclically Adjusted PS Ratio too high?
Maxis Bhd's current Cyclically Adjusted PS Ratio of 2.50 is near median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 4.30. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Maxis Bhd's value of 2.50 is 116.5% above this industry median. Based on the distribution chart, Maxis Bhd ranks #222 out of 302 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Maxis Bhd has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxis Bhd's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Maxis Bhd ranks #222 out of 302 companies for Cyclically Adjusted PS Ratio. This places Maxis Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. Maxis Bhd's value of 2.50 is 116.5% above this benchmark. Historically, Maxis Bhd's own Cyclically Adjusted PS Ratio has ranged from 2.18 to 4.30 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 1.16, Maxis Bhd has consistently been above 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 302 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. Maxis Bhd's current Cyclically Adjusted PS Ratio of 2.50 is 116.5% above 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 Maxis Bhd and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxis Bhd's current Cyclically Adjusted PS Ratio is 2.50, which is near median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxis Bhd stock overvalued right now?
Based on GuruFocus' analysis, Maxis Bhd (XKLS:6012) is currently considered Fairly Valued. The stock's GF Value™ is RM3.78, compared to a current price of RM3.73 — trading 1.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.50, which is near median its 10-year median of 2.73 and 116.5% above the Telecommunication Services industry median of 1.16. Maxis Bhd's overall GF Score™ is 78/100 with 6 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 Maxis Bhd (XKLS:6012), the current Cyclically Adjusted PS Ratio is 2.50 as of Aug. 31, 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 Maxis Bhd (XKLS:6012) Overvalued in 2026?

Based on GuruFocus' analysis, Maxis Bhd stock appears to be undervalued. The current stock price of RM3.73 is trading 1.3% below its estimated GF Value™ of RM3.78. GuruFocus considers Maxis Bhd to be Fairly Valued.

Key valuation signals for XKLS:6012:

  • Cyclically Adjusted PS Ratio: 2.50 (near median its 10-year median of 2.73)
  • GF Value™: RM3.78 vs. price of RM3.73 (1.3% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 116.5% above the Telecommunication Services median (#222 of 302)

No single metric tells the full story. See the XKLS:6012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxis Bhd Business Description

Address Off Jalan Ampang, Level 5 - 9, 11, 15 - 25, Menara Maxis, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088
Maxis Bhd is a telecommunications provider. Its primary services include mobile, wireless, fixed, and enterprise services, with the majority of revenue generated from mobile and wireless. The company generates mobile revenue from prepaid and postpaid subscribers, with roughly an even split between both. Within enterprise services, Maxis provides traditional managed services in addition to mobile and fixed services. Additionally, the company owns fiber backhaul infrastructure.
78GF Score

Get the complete analysis for XKLS:6012

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

RM3.73
Price
RM3.78
GF Value