Boustead Heavy Industries Bhd (XKLS:8133) Cyclically Adjusted PS Ratio: 0.59 (As of Jul. 24, 2026) — 28% Above Median

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XKLS:8133 Boustead Heavy Industries Corp Bhd XKLS:8133
24 GF Score
Price RM0.47
GF Value RM0.34
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Boustead Heavy Industries Bhd Cyclically Adjusted PS Ratio?

Boustead Heavy Industries Bhd XKLS:8133 -1.05% 24 Cyclically Adjusted PS Ratio is 0.59 as of Jul. 24, 2026, which is 28% above its 10-year median of 0.46. GuruFocus rates XKLS:8133 with a GF Score™ of 24/100 and a GF Value™ of RM0.34 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 224 Aerospace & Defense companies, Boustead Heavy Industries Bhd ranks better than 85.71% on this metric.

As of today (2026-07-24), Boustead Heavy Industries Bhd's current share price is RM0.47. Boustead Heavy Industries Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.79. Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio for today is 0.59.

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

XKLS:8133' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.46   Max: 1.06
Current: 0.6

During the past years, Boustead Heavy Industries Bhd's highest Cyclically Adjusted PS Ratio was 1.06. The lowest was 0.29. And the median was 0.46.

XKLS:8133's Cyclically Adjusted PS Ratio is ranked better than
85.71% of 224 companies
in the Aerospace & Defense industry
Industry Median: 3.05 vs XKLS:8133: 0.60

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.

Boustead Heavy Industries Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.053. 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 RM0.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boustead Heavy Industries Bhd  (XKLS:8133) 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.


Boustead Heavy Industries Bhd Cyclically Adjusted PS Ratio Related Terms


Boustead Heavy Industries Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boustead Heavy Industries 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.

Boustead Heavy Industries Bhd Cyclically Adjusted PS Ratio Chart

Boustead Heavy Industries 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 0.45 0.39 0.49 0.47 0.35

Boustead Heavy Industries 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 0.41 0.34 0.31 0.35 0.58

XKLS:8133 vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Boustead Heavy Industries 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.


Boustead Heavy Industries Bhd Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:8133
24GF Score
Boustead Heavy Industries Corp Bhd XKLS:8133
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boustead Heavy Industries 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.

Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.47/0.79
=0.59

* 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.

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

For example, Boustead Heavy Industries 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)
=0.053/330.2130*330.2130
=0.053

Current CPI (Mar. 2026) = 330.2130.

Boustead Heavy Industries Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.281 241.018 0.385
201609 0.259 241.428 0.354
201612 0.431 241.432 0.589
201703 0.309 243.801 0.419
201706 0.176 244.955 0.237
201709 0.259 246.819 0.347
201712 0.373 246.524 0.500
201803 0.160 249.554 0.212
201806 0.198 251.989 0.259
201809 0.247 252.439 0.323
201812 0.062 251.233 0.081
201903 0.146 254.202 0.190
201906 0.217 256.143 0.280
201909 0.147 256.759 0.189
201912 0.157 256.974 0.202
202003 0.177 258.115 0.226
202006 0.145 257.797 0.186
202009 0.152 260.280 0.193
202012 0.097 260.474 0.123
202103 0.076 264.877 0.095
202106 0.190 271.696 0.231
202109 0.174 274.310 0.209
202112 0.147 278.802 0.174
202203 0.151 287.504 0.173
202206 0.120 296.311 0.134
202209 0.144 296.808 0.160
202212 0.142 296.797 0.158
202303 0.011 301.836 0.012
202306 0.058 305.109 0.063
202309 0.068 307.789 0.073
202312 0.194 306.746 0.209
202403 0.034 312.332 0.036
202406 0.179 314.175 0.188
202409 0.127 315.301 0.133
202412 0.080 315.605 0.084
202503 0.079 319.799 0.082
202506 0.082 322.561 0.084
202509 0.100 324.800 0.102
202512 0.127 324.054 0.129
202603 0.053 330.213 0.053

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 0.59 mean?
Boustead Heavy Industries Bhd (XKLS:8133) has a Cyclically Adjusted PS Ratio of 0.59 as of Jul. 24, 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 Boustead Heavy Industries Bhd and its competitors. This is 28% above median its historical median of 0.46. Over the past decade, Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio has ranged from 0.29 to 1.06. According to the industry distribution chart, Boustead Heavy Industries Bhd ranks #32 out of 224 companies in the Aerospace & Defense industry, placing it in the top 14.3%.
Is Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio too high?
Boustead Heavy Industries Bhd's current Cyclically Adjusted PS Ratio of 0.59 is 28% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.06. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.05. Boustead Heavy Industries Bhd's value of 0.59 is 80.7% below this industry median. Based on the distribution chart, Boustead Heavy Industries Bhd ranks #32 out of 224 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Boustead Heavy Industries Bhd has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boustead Heavy Industries Bhd's Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Boustead Heavy Industries Bhd ranks #32 out of 224 companies for Cyclically Adjusted PS Ratio. This places Boustead Heavy Industries Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.05. Boustead Heavy Industries Bhd's value of 0.59 is 80.7% below this benchmark. Historically, Boustead Heavy Industries Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.29 to 1.06 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 3.05, Boustead Heavy Industries 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 Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.05, based on 224 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. Boustead Heavy Industries Bhd's current Cyclically Adjusted PS Ratio of 0.59 is 80.7% 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 Boustead Heavy Industries Bhd and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boustead Heavy Industries Bhd's current Cyclically Adjusted PS Ratio is 0.59, which is 28% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boustead Heavy Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Boustead Heavy Industries Bhd (XKLS:8133) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.34, compared to a current price of RM0.47 — trading 38.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.59, which is 28% above median its 10-year median of 0.46 and 80.7% below the Aerospace & Defense industry median of 3.05. Boustead Heavy Industries Bhd's overall GF Score™ is 24/100 with 8 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 Boustead Heavy Industries Bhd (XKLS:8133), the current Cyclically Adjusted PS Ratio is 0.59 as of Jul. 24, 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 Boustead Heavy Industries Bhd (XKLS:8133) Overvalued in 2026?

Based on GuruFocus' analysis, Boustead Heavy Industries Bhd stock appears to be overvalued. The current stock price of RM0.47 is trading 38.2% above its estimated GF Value™ of RM0.34. GuruFocus considers Boustead Heavy Industries Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:8133:

  • Cyclically Adjusted PS Ratio: 0.59 (28% above median its 10-year median of 0.46)
  • GF Value™: RM0.34 vs. price of RM0.47 (38.2% above fair value)
  • GF Score™: 24/100 with 8 warning signs
  • Industry Position: 80.7% below the Aerospace & Defense median (#32 of 224)

No single metric tells the full story. See the XKLS:8133 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boustead Heavy Industries Bhd Business Description

Address 69 Jalan Raja Chulan, 17th Floor, Menara Boustead, Kuala Lumpur, SGR, MYS, 50200
Boustead Heavy Industries Corp Bhd is an investment holding company. The company's operating segments include Defence and Security, Investment and Commercial, and others. It generates maximum revenue from the Defence and Security segment. The Defence and Security segment is principally engaged in maintenance, repair, and overhaul (MRO) of the Royal Malaysian Navy's patrol vessels and submarines. In addition, the company is also involved in the manufacturing, supply, and maintenance of defense-related electronic products.
24GF Score

Get the complete analysis for XKLS:8133

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

RM0.47
Price
RM0.34
GF Value