Harel Mallac and Co (XMAU:HML) Cyclically Adjusted PS Ratio: 0.04 (As of Aug. 04, 2026) — 33% Below Median

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XMAU:HML Harel Mallac and Co Ltd XMAU:HML
40 GF Score
Price MUR13.85
GF Value MUR21.66
Valuation Possible Value Trap
! 4 Warning Signs
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What is Harel Mallac and Co Cyclically Adjusted PS Ratio?

Harel Mallac and Co XMAU:HML 40 Cyclically Adjusted PS Ratio is 0.04 as of Aug. 04, 2026, which is 33% below its 10-year median of 0.06. GuruFocus rates XMAU:HML with a GF Score™ of 40/100 and a GF Value™ of MUR21.66 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 471 Conglomerates companies, Harel Mallac and Co ranks better than 97.66% on this metric.

As of today (2026-08-04), Harel Mallac and Co's current share price is MUR13.85. Harel Mallac and Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MUR392.50. Harel Mallac and Co's Cyclically Adjusted PS Ratio for today is 0.04.

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

XMAU:HML' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.06   Max: 0.08
Current: 0.04

During the past years, Harel Mallac and Co's highest Cyclically Adjusted PS Ratio was 0.08. The lowest was 0.03. And the median was 0.06.

XMAU:HML's Cyclically Adjusted PS Ratio is ranked better than
97.66% of 471 companies
in the Conglomerates industry
Industry Median: 0.77 vs XMAU:HML: 0.04

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.

Harel Mallac and Co's adjusted revenue per share data for the three months ended in Mar. 2026 was MUR70.911. 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 MUR392.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harel Mallac and Co  (XMAU:HML) 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.


Harel Mallac and Co Cyclically Adjusted PS Ratio Related Terms


Harel Mallac and Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Harel Mallac and Co'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.

Harel Mallac and Co Cyclically Adjusted PS Ratio Chart

Harel Mallac and Co 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 0.00 0.04 0.06 0.07 0.04

Harel Mallac and Co 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 0.06 0.05 0.05 0.04 0.03

XMAU:HML vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Harel Mallac and Co'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.


Harel Mallac and Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Harel Mallac and Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Harel Mallac and Co's Cyclically Adjusted PS Ratio falls into.


XMAU:HML
40GF Score
Harel Mallac and Co Ltd XMAU:HML
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harel Mallac and Co 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.

Harel Mallac and Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.85/392.50
=0.04

* 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.

Harel Mallac and Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Harel Mallac and Co'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)
=70.911/330.2130*330.2130
=70.911

Current CPI (Mar. 2026) = 330.2130.

Harel Mallac and Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 99.606 241.018 136.468
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 74.254 243.801 100.572
201706 83.055 244.955 111.963
201709 86.199 246.819 115.323
201712 111.802 246.524 149.756
201803 78.205 249.554 103.482
201806 94.810 251.989 124.242
201809 84.081 252.439 109.986
201812 121.074 251.233 159.136
201903 69.776 254.202 90.640
201906 75.450 256.143 97.268
201909 80.965 256.759 104.128
201912 65.773 256.974 84.519
202003 60.104 258.115 76.893
202006 55.110 257.797 70.591
202009 73.652 260.280 93.441
202012 62.785 260.474 79.595
202103 61.488 264.877 76.655
202106 68.875 271.696 83.709
202109 79.860 274.310 96.135
202112 109.498 278.802 129.689
202203 79.380 287.504 91.172
202206 90.300 296.311 100.632
202209 92.544 296.808 102.960
202212 107.133 296.797 119.195
202303 78.784 301.836 86.191
202306 94.526 305.109 102.303
202309 93.171 307.789 99.959
202312 113.072 306.746 121.722
202403 76.075 312.332 80.430
202406 78.398 314.175 82.400
202409 79.239 315.301 82.987
202412 78.456 315.605 82.087
202503 63.489 319.799 65.556
202506 77.503 322.561 79.342
202509 71.098 324.800 72.283
202512 92.706 324.054 94.468
202603 70.911 330.213 70.911

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 0.04 mean?
Harel Mallac and Co (XMAU:HML) has a Cyclically Adjusted PS Ratio of 0.04 as of Aug. 04, 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 Harel Mallac and Co and its competitors. This is 33% below median its historical median of 0.06. Over the past decade, Harel Mallac and Co's Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.08. According to the industry distribution chart, Harel Mallac and Co ranks #11 out of 471 companies in the Conglomerates industry, placing it in the top 2.3%.
Is Harel Mallac and Co's Cyclically Adjusted PS Ratio too high?
Harel Mallac and Co's current Cyclically Adjusted PS Ratio of 0.04 is 33% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.08. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. Harel Mallac and Co's value of 0.04 is 94.8% below this industry median. Based on the distribution chart, Harel Mallac and Co ranks #11 out of 471 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Harel Mallac and Co has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harel Mallac and Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Harel Mallac and Co ranks #11 out of 471 companies for Cyclically Adjusted PS Ratio. This places Harel Mallac and Co in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.77. Harel Mallac and Co's value of 0.04 is 94.8% below this benchmark. Historically, Harel Mallac and Co's own Cyclically Adjusted PS Ratio has ranged from 0.03 to 0.08 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.77, Harel Mallac and Co 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 471 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. Harel Mallac and Co's current Cyclically Adjusted PS Ratio of 0.04 is 94.8% 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 Harel Mallac and Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harel Mallac and Co's current Cyclically Adjusted PS Ratio is 0.04, which is 33% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harel Mallac and Co stock overvalued right now?
Based on GuruFocus' analysis, Harel Mallac and Co (XMAU:HML) is currently considered Possible Value Trap. The stock's GF Value™ is MUR21.66, compared to a current price of MUR13.85 — trading 36.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.04, which is 33% below median its 10-year median of 0.06 and 94.8% below the Conglomerates industry median of 0.77. Harel Mallac and Co's overall GF Score™ is 40/100 with 4 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 Harel Mallac and Co (XMAU:HML), the current Cyclically Adjusted PS Ratio is 0.04 as of Aug. 04, 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 Harel Mallac and Co (XMAU:HML) Overvalued in 2026?

Based on GuruFocus' analysis, Harel Mallac and Co stock appears to be undervalued. The current stock price of MUR13.85 is trading 36.1% below its estimated GF Value™ of MUR21.66. GuruFocus considers Harel Mallac and Co to be Possible Value Trap.

Key valuation signals for XMAU:HML:

  • Cyclically Adjusted PS Ratio: 0.04 (33% below median its 10-year median of 0.06)
  • GF Value™: MUR21.66 vs. price of MUR13.85 (36.1% below fair value)
  • GF Score™: 40/100 with 4 warning signs
  • Industry Position: 94.8% below the Conglomerates median (#11 of 471)

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


Harel Mallac and Co Business Description

Address 18, Edith Cavell Street, Port Louis, MUS, 11302
Harel Mallac and Co Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments: Investment and Corporate, Technology, Chemicals, and Equipment and Systems. Maximum revenue for the group is generated from the Chemicals segment. Geographically, the group generates maximum revenue from Mauritius, followed by Reunion, Madagascar, and Africa.
40GF Score

Get the complete analysis for XMAU:HML

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

MUR13.85
Price
MUR21.66
GF Value