Ajiya Bhd (XKLS:7609) Cyclically Adjusted PS Ratio: 1.49 (As of Jul. 20, 2026) — 43% Above Median

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XKLS:7609 Ajiya Bhd XKLS:7609
59 GF Score
Price RM1.00
GF Value RM0.96
Valuation Fairly Valued
! 3 Warning Signs
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What is Ajiya Bhd Cyclically Adjusted PS Ratio?

Ajiya Bhd XKLS:7609 59 Cyclically Adjusted PS Ratio is 1.49 as of Jul. 20, 2026, which is 43% above its 10-year median of 1.04. GuruFocus rates XKLS:7609 with a GF Score™ of 59/100 and a GF Value™ of RM0.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,356 Construction companies, Ajiya Bhd ranks worse than 72.2% on this metric.

As of today (2026-07-20), Ajiya Bhd's current share price is RM1.00. Ajiya Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.67. Ajiya Bhd's Cyclically Adjusted PS Ratio for today is 1.49.

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

XKLS:7609' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.04   Max: 1.87
Current: 1.49

During the past years, Ajiya Bhd's highest Cyclically Adjusted PS Ratio was 1.87. The lowest was 0.27. And the median was 1.04.

XKLS:7609's Cyclically Adjusted PS Ratio is ranked worse than
72.2% of 1356 companies
in the Construction industry
Industry Median: 0.7 vs XKLS:7609: 1.49

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.

Ajiya Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.188. 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 RM0.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajiya Bhd  (XKLS:7609) 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.


Ajiya Bhd Cyclically Adjusted PS Ratio Related Terms


Ajiya Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ajiya 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.

Ajiya Bhd Cyclically Adjusted PS Ratio Chart

Ajiya Bhd Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 1.21 1.09 1.05 1.60

Ajiya Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 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 1.18 1.28 1.85 1.60 1.53

XKLS:7609 vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Ajiya 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.


Ajiya Bhd Cyclically Adjusted PS Ratio vs Construction Industry

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

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


XKLS:7609
59GF Score
Ajiya Bhd XKLS:7609
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajiya 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.00/0.67
=1.49

* 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.

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

For example, Ajiya 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)
=0.188/330.2130*330.2130
=0.188

Current CPI (Mar. 2026) = 330.2130.

Ajiya Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 0.166 240.229 0.228
201608 0.164 240.849 0.225
201611 0.165 241.353 0.226
201702 0.154 243.603 0.209
201705 0.149 244.733 0.201
201708 0.151 245.519 0.203
201711 0.155 246.669 0.207
201802 0.151 248.991 0.200
201805 0.173 251.588 0.227
201808 0.160 252.146 0.210
201811 0.152 252.038 0.199
201902 0.136 252.776 0.178
201905 0.143 256.092 0.184
201908 0.130 256.558 0.167
201911 0.137 257.208 0.176
202002 0.130 258.678 0.166
202005 0.045 256.394 0.058
202008 0.118 259.918 0.150
202011 0.136 260.229 0.173
202102 0.126 263.014 0.158
202105 0.138 269.195 0.169
202108 0.041 273.567 0.049
202111 0.154 277.948 0.183
202202 0.119 283.716 0.139
202205 0.135 292.296 0.153
202208 0.126 296.171 0.140
202211 0.129 297.711 0.143
202302 0.126 300.840 0.138
202305 0.117 304.127 0.127
202308 0.130 307.026 0.140
202311 0.154 307.051 0.166
202402 0.134 310.326 0.143
202405 0.149 314.069 0.157
202408 0.156 314.796 0.164
202411 0.158 315.493 0.165
202503 0.133 319.799 0.137
202506 0.126 322.561 0.129
202509 0.132 324.800 0.134
202512 0.206 324.054 0.210
202603 0.188 330.213 0.188

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 1.49 mean?
Ajiya Bhd (XKLS:7609) has a Cyclically Adjusted PS Ratio of 1.49 as of Jul. 20, 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 Ajiya Bhd and its competitors. This is 43% above median its historical median of 1.04. Over the past decade, Ajiya Bhd's Cyclically Adjusted PS Ratio has ranged from 0.27 to 1.87. According to the industry distribution chart, Ajiya Bhd ranks #979 out of 1356 companies in the Construction industry, placing it in the top 72.2%.
Is Ajiya Bhd's Cyclically Adjusted PS Ratio too high?
Ajiya Bhd's current Cyclically Adjusted PS Ratio of 1.49 is 43% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.87. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Ajiya Bhd's value of 1.49 is 112.9% above this industry median. Based on the distribution chart, Ajiya Bhd ranks #979 out of 1356 companies in the Construction industry, which is below the industry midpoint. Overall, Ajiya Bhd has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ajiya Bhd's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Ajiya Bhd ranks #979 out of 1356 companies for Cyclically Adjusted PS Ratio. This places Ajiya Bhd in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Ajiya Bhd's value of 1.49 is 112.9% above this benchmark. Historically, Ajiya Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.27 to 1.87 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.70, Ajiya 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,356 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. Ajiya Bhd's current Cyclically Adjusted PS Ratio of 1.49 is 112.9% 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 Ajiya 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. Ajiya Bhd's current Cyclically Adjusted PS Ratio is 1.49, which is 43% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajiya Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ajiya Bhd (XKLS:7609) is currently considered Fairly Valued. The stock's GF Value™ is RM0.96, compared to a current price of RM1.00 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.49, which is 43% above median its 10-year median of 1.04 and 112.9% above the Construction industry median of 0.70. Ajiya Bhd's overall GF Score™ is 59/100 with 3 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 Ajiya Bhd (XKLS:7609), the current Cyclically Adjusted PS Ratio is 1.49 as of Jul. 20, 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 Ajiya Bhd (XKLS:7609) Overvalued in 2026?

Based on GuruFocus' analysis, Ajiya Bhd stock appears to be overvalued. The current stock price of RM1.00 is trading 4.2% above its estimated GF Value™ of RM0.96. GuruFocus considers Ajiya Bhd to be Fairly Valued.

Key valuation signals for XKLS:7609:

  • Cyclically Adjusted PS Ratio: 1.49 (43% above median its 10-year median of 1.04)
  • GF Value™: RM0.96 vs. price of RM1.00 (4.2% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 112.9% above the Construction median (#979 of 1356)

No single metric tells the full story. See the XKLS:7609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ajiya Bhd Business Description

Address Jalan Genuang, Lot 153, Kawasan Perindustrian, Batu 3, Segamat, JHR, MYS, 85000
Ajiya Bhd is an investment holding. The principal activities include manufacturing and trading of roofing materials, manufacturing and trading of all kinds of glass, trading of building materials and investment holding. Its products are classified in two categories: Metal Division Metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, and IBS-aligned building solutions: Glass Division Safety glass, tempered glass, laminated glass, Low-E coated glass, and Insulated Glass Units (IGU) for architectural and construction applications While it also has its presence in Thailand and Malaysia, Majority of its revenue is earned through the Malaysian market.
59GF Score

Get the complete analysis for XKLS:7609

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

RM1.00
Price
RM0.96
GF Value