Zecon Bhd (XKLS:7028) Cyclically Adjusted PS Ratio: 0.19 (As of Jul. 23, 2026) — Near Median

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XKLS:7028 Zecon Bhd XKLS:7028
29 GF Score
Price RM0.49
! 7 Warning Signs
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What is Zecon Bhd Cyclically Adjusted PS Ratio?

Zecon Bhd XKLS:7028 +1.04% 29 Cyclically Adjusted PS Ratio is 0.19 as of Jul. 23, 2026, which is 6% above its 10-year median of 0.18. GuruFocus rates XKLS:7028 with a GF Score™ of 29/100. The stock has 7 warning signs investors should review. Among 1,358 Construction companies, Zecon Bhd ranks better than 86.3% on this metric.

As of today (2026-07-23), Zecon Bhd's current share price is RM0.485. Zecon Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM2.51. Zecon Bhd's Cyclically Adjusted PS Ratio for today is 0.19.

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

XKLS:7028' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.18   Max: 0.3
Current: 0.18

During the past years, Zecon Bhd's highest Cyclically Adjusted PS Ratio was 0.30. The lowest was 0.13. And the median was 0.18.

XKLS:7028's Cyclically Adjusted PS Ratio is ranked better than
86.3% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs XKLS:7028: 0.18

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.

Zecon Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.098. 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 RM2.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zecon Bhd  (XKLS:7028) 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.


Zecon Bhd Cyclically Adjusted PS Ratio Related Terms


Zecon Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zecon 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.

Zecon Bhd Cyclically Adjusted PS Ratio Chart

Zecon Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.23 0.14 0.15 0.20

Zecon Bhd Quarterly Data
Dec20 Mar21 Sep21 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 0.19 0.18 0.20 0.20 0.20

XKLS:7028 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Zecon 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.


Zecon Bhd Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Zecon Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:7028
29GF Score
Zecon Bhd XKLS:7028
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zecon 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.485/2.51
=0.19

* 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.

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

For example, Zecon 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)
=0.098/330.2130*330.2130
=0.098

Current CPI (Mar. 2026) = 330.2130.

Zecon Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.456 236.525 0.637
201603 0.247 238.132 0.343
201606 1.005 241.018 1.377
201609 0.330 241.428 0.451
201612 0.541 241.432 0.740
201703 0.525 243.801 0.711
201706 0.671 244.955 0.905
201709 0.692 246.819 0.926
201712 0.506 246.524 0.678
201803 0.957 249.554 1.266
201806 1.475 251.989 1.933
201809 0.640 252.439 0.837
201812 0.729 251.233 0.958
201903 0.861 254.202 1.118
201906 0.597 256.143 0.770
201909 1.179 256.759 1.516
201912 1.068 256.974 1.372
202003 0.993 258.115 1.270
202006 0.363 257.797 0.465
202009 0.550 260.280 0.698
202012 0.831 260.474 1.053
202103 0.457 264.877 0.570
202109 1.625 274.310 1.956
202203 0.118 287.504 0.136
202206 0.187 296.311 0.208
202209 0.179 296.808 0.199
202212 0.061 296.797 0.068
202303 0.156 301.836 0.171
202306 0.156 305.109 0.169
202309 0.126 307.789 0.135
202312 0.125 306.746 0.135
202403 0.094 312.332 0.099
202406 0.734 314.175 0.771
202409 0.135 315.301 0.141
202412 -0.482 315.605 -0.504
202503 0.094 319.799 0.097
202506 0.102 322.561 0.104
202509 0.121 324.800 0.123
202512 0.358 324.054 0.365
202603 0.098 330.213 0.098

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 0.19 mean?
Zecon Bhd (XKLS:7028) has a Cyclically Adjusted PS Ratio of 0.19 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 Zecon Bhd and its competitors. This is near median its historical median of 0.18. Over the past decade, Zecon Bhd's Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.30. According to the industry distribution chart, Zecon Bhd ranks #186 out of 1358 companies in the Construction industry, placing it in the top 13.7%.
Is Zecon Bhd's Cyclically Adjusted PS Ratio too high?
Zecon Bhd's current Cyclically Adjusted PS Ratio of 0.19 is near median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.30. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Zecon Bhd's value of 0.19 is 72.9% below this industry median. Based on the distribution chart, Zecon Bhd ranks #186 out of 1358 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Zecon Bhd has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Zecon Bhd's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Zecon Bhd ranks #186 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Zecon Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. Zecon Bhd's value of 0.19 is 72.9% below this benchmark. Historically, Zecon Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.30 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.70, Zecon 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. Zecon Bhd's current Cyclically Adjusted PS Ratio of 0.19 is 72.9% 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 Zecon Bhd and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zecon Bhd's current Cyclically Adjusted PS Ratio is 0.19, which is near median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zecon Bhd stock overvalued right now?
Zecon Bhd (XKLS:7028) has a current Cyclically Adjusted PS Ratio of 0.19. The current Cyclically Adjusted PS Ratio is 0.19, which is near median its 10-year median of 0.18 and 72.9% below the Construction industry median of 0.70. Zecon Bhd's overall GF Score™ is 29/100 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 Zecon Bhd (XKLS:7028), the current Cyclically Adjusted PS Ratio is 0.19 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.

Zecon Bhd Business Description

Address Jalan Satok, Menara Zecon, Number 92, Lot 393, 8th Floor, Section 5 KTLD, Kuching, SWK, MYS, 93400
Zecon Bhd provides civil engineering and building construction services. The company operates through the following business segments: Construction, Property Development, Service Concession, Property Holding, Renewable Energy, Hotel Operations, Car Park Management, and Others. The Construction segment engages in piling works, foundation engineering, and building construction. The Property Development segment engages in property holding and development. The Service Concession segment engages in the construction, operation, and maintenance of the hospital. The Other segment engages in management services. The firm derives the majority of its revenue from the Service concession segment.
29GF Score

Get the complete analysis for XKLS:7028

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

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