Tiong Nam Logistics Holdings Bhd (XKLS:8397) Cyclically Adjusted PS Ratio: 0.47 (As of Jul. 18, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:8397 Tiong Nam Logistics Holdings Bhd XKLS:8397
50 GF Score
Price RM0.78
GF Value RM0.91
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PS Ratio?

Tiong Nam Logistics Holdings Bhd XKLS:8397 50 Cyclically Adjusted PS Ratio is 0.47 as of Jul. 18, 2026, which is at its 10-year median of 0.47. GuruFocus rates XKLS:8397 with a GF Score™ of 50/100 and a GF Value™ of RM0.91 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 757 Transportation companies, Tiong Nam Logistics Holdings Bhd ranks better than 69.88% on this metric.

As of today (2026-07-18), Tiong Nam Logistics Holdings Bhd's current share price is RM0.78. Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.65. Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio for today is 0.47.

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

XKLS:8397' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.47   Max: 0.78
Current: 0.47

During the past years, Tiong Nam Logistics Holdings Bhd's highest Cyclically Adjusted PS Ratio was 0.78. The lowest was 0.26. And the median was 0.47.

XKLS:8397's Cyclically Adjusted PS Ratio is ranked better than
69.88% of 757 companies
in the Transportation industry
Industry Median: 0.9 vs XKLS:8397: 0.47

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.

Tiong Nam Logistics Holdings Bhd's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.443. 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 RM1.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tiong Nam Logistics Holdings Bhd  (XKLS:8397) 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.


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PS Ratio Related Terms


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tiong Nam Logistics Holdings 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.

Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PS Ratio Chart

Tiong Nam Logistics Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.47 0.49 0.44 0.46

Tiong Nam Logistics Holdings 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 0.44 0.45 0.51 0.49 0.46

XKLS:8397 vs UPS, FDX, JBHT: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics Holdings 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.


Tiong Nam Logistics Holdings Bhd Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio falls into.


XKLS:8397
50GF Score
Tiong Nam Logistics Holdings Bhd XKLS:8397
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tiong Nam Logistics Holdings 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.

Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.78/1.65
=0.47

* 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.

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

For example, Tiong Nam Logistics Holdings 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)
=0.443/330.2130*330.2130
=0.443

Current CPI (Mar. 2026) = 330.2130.

Tiong Nam Logistics Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.270 241.018 0.370
201609 0.285 241.428 0.390
201612 0.273 241.432 0.373
201703 0.314 243.801 0.425
201706 0.262 244.955 0.353
201709 0.321 246.819 0.429
201712 0.324 246.524 0.434
201803 0.344 249.554 0.455
201806 0.329 251.989 0.431
201809 0.323 252.439 0.423
201812 0.313 251.233 0.411
201903 0.292 254.202 0.379
201906 0.322 256.143 0.415
201909 0.334 256.759 0.430
201912 0.335 256.974 0.430
202003 0.307 258.115 0.393
202006 0.264 257.797 0.338
202009 0.325 260.280 0.412
202012 0.302 260.474 0.383
202103 0.495 264.877 0.617
202106 0.317 271.696 0.385
202109 0.314 274.310 0.378
202112 0.343 278.802 0.406
202203 0.336 287.504 0.386
202206 0.338 296.311 0.377
202209 0.336 296.808 0.374
202212 0.356 296.797 0.396
202303 0.348 301.836 0.381
202306 0.366 305.109 0.396
202309 0.348 307.789 0.373
202312 0.367 306.746 0.395
202403 0.367 312.332 0.388
202406 0.380 314.175 0.399
202409 0.413 315.301 0.433
202412 0.412 315.605 0.431
202503 0.432 319.799 0.446
202506 0.448 322.561 0.459
202509 0.474 324.800 0.482
202512 0.466 324.054 0.475
202603 0.443 330.213 0.443

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 0.47 mean?
Tiong Nam Logistics Holdings Bhd (XKLS:8397) has a Cyclically Adjusted PS Ratio of 0.47 as of Jul. 18, 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 Tiong Nam Logistics Holdings Bhd and its competitors. This is near median its historical median of 0.47. Over the past decade, Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio has ranged from 0.26 to 0.78. According to the industry distribution chart, Tiong Nam Logistics Holdings Bhd ranks #228 out of 757 companies in the Transportation industry, placing it in the top 30.1%.
Is Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio too high?
Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.47 is near median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.78. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Tiong Nam Logistics Holdings Bhd's value of 0.47 is 47.8% below this industry median. Based on the distribution chart, Tiong Nam Logistics Holdings Bhd ranks #228 out of 757 companies in the Transportation industry, which is above the industry midpoint. Overall, Tiong Nam Logistics Holdings Bhd has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tiong Nam Logistics Holdings Bhd's Cyclically Adjusted PS Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Tiong Nam Logistics Holdings Bhd ranks #228 out of 757 companies for Cyclically Adjusted PS Ratio. This puts Tiong Nam Logistics Holdings Bhd in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Tiong Nam Logistics Holdings Bhd's value of 0.47 is 47.8% below this benchmark. Historically, Tiong Nam Logistics Holdings Bhd's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 0.78 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.90, Tiong Nam Logistics Holdings 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 757 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. Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PS Ratio of 0.47 is 47.8% 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 Tiong Nam Logistics Holdings Bhd and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tiong Nam Logistics Holdings Bhd's current Cyclically Adjusted PS Ratio is 0.47, which is near median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tiong Nam Logistics Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tiong Nam Logistics Holdings Bhd (XKLS:8397) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.91, compared to a current price of RM0.78 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.47, which is near median its 10-year median of 0.47 and 47.8% below the Transportation industry median of 0.90. Tiong Nam Logistics Holdings Bhd's overall GF Score™ is 50/100 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 Tiong Nam Logistics Holdings Bhd (XKLS:8397), the current Cyclically Adjusted PS Ratio is 0.47 as of Jul. 18, 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 Tiong Nam Logistics Holdings Bhd (XKLS:8397) Overvalued in 2026?

Based on GuruFocus' analysis, Tiong Nam Logistics Holdings Bhd stock appears to be undervalued. The current stock price of RM0.78 is trading 14.3% below its estimated GF Value™ of RM0.91. GuruFocus considers Tiong Nam Logistics Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:8397:

  • Cyclically Adjusted PS Ratio: 0.47 (near median its 10-year median of 0.47)
  • GF Value™: RM0.91 vs. price of RM0.78 (14.3% below fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 47.8% below the Transportation median (#228 of 757)

No single metric tells the full story. See the XKLS:8397 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tiong Nam Logistics Holdings Bhd Business Description

Address Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200
Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company that provides fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments, namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and dormitory. It offers a variety of services such as warehouse space management services, trucking and delivery, cross-border transfers, container haulage, heavy transportation, and last-mile delivery for e-commerce companies. The company operates mainly in Malaysia.
50GF Score

Get the complete analysis for XKLS:8397

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

RM0.78
Price
RM0.91
GF Value