AMMB Holdings Bhd (XKLS:1015) Cyclically Adjusted Revenue per Share: RM1.83 (As of Mar. 2026)

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:1015 AMMB Holdings Bhd XKLS:1015
58 GF Score
Price RM6.50
GF Value RM5.79
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is AMMB Holdings Bhd Cyclically Adjusted Revenue per Share?

AMMB Holdings Bhd XKLS:1015 +0.15% 58 Cyclically Adjusted Revenue per Share is RM1.83 as of Mar. 2026. GuruFocus rates XKLS:1015 with a GF Score™ of 58/100 and a GF Value™ of RM5.79 (Modestly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

AMMB Holdings Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.384. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is RM1.83 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of AMMB Holdings Bhd was 3.40% per year. The lowest was -1.40% per year. And the median was 1.50% per year.

As of today (2026-07-20), AMMB Holdings Bhd's current stock price is RM6.50. AMMB Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.83. AMMB Holdings Bhd's Cyclically Adjusted PS Ratio of today is 3.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AMMB Holdings Bhd was 3.75. The lowest was 1.54. And the median was 2.17.


AMMB Holdings Bhd  (XKLS:1015) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

AMMB Holdings Bhd's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.50/1.83
=3.55

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AMMB Holdings Bhd was 3.75. The lowest was 1.54. And the median was 2.17.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


AMMB Holdings Bhd Cyclically Adjusted Revenue per Share Related Terms


AMMB Holdings Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for AMMB Holdings Bhd's Cyclically Adjusted Revenue per Share 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.

AMMB Holdings Bhd Cyclically Adjusted Revenue per Share Chart

AMMB Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.91 1.87 1.83 1.83

AMMB 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 Revenue per Share 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 1.83 1.83 1.83 1.81 1.83

AMMB Holdings Bhd Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, AMMB 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.


AMMB Holdings Bhd Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, AMMB Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:1015
58GF Score
AMMB Holdings Bhd XKLS:1015
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMMB Holdings Bhd Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, AMMB 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)
=0.384/330.2130*330.2130
=0.384

Current CPI (Mar. 2026) = 330.2130.

AMMB Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.376 241.018 0.515
201609 0.393 241.428 0.538
201612 0.358 241.432 0.490
201703 0.414 243.801 0.561
201706 0.404 244.955 0.545
201709 0.396 246.819 0.530
201712 0.392 246.524 0.525
201803 0.408 249.554 0.540
201806 0.390 251.989 0.511
201809 0.400 252.439 0.523
201812 0.391 251.233 0.514
201903 0.406 254.202 0.527
201906 0.425 256.143 0.548
201909 0.424 256.759 0.545
201912 0.451 256.974 0.580
202003 0.417 258.115 0.533
202006 0.426 257.797 0.546
202009 0.468 260.280 0.594
202012 0.465 260.474 0.589
202103 0.371 264.877 0.463
202106 0.436 271.696 0.530
202109 0.282 274.310 0.339
202112 0.305 278.802 0.361
202203 0.244 287.504 0.280
202206 0.314 296.311 0.350
202209 0.350 296.808 0.389
202212 0.361 296.797 0.402
202303 0.339 301.836 0.371
202306 0.338 305.109 0.366
202309 0.334 307.789 0.358
202312 0.351 306.746 0.378
202403 0.348 312.332 0.368
202406 0.348 314.175 0.366
202409 0.365 315.301 0.382
202412 0.368 315.605 0.385
202503 0.373 319.799 0.385
202506 0.385 322.561 0.394
202509 0.423 324.800 0.430
202512 0.378 324.054 0.385
202603 0.384 330.213 0.384

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of RM1.83 mean?
AMMB Holdings Bhd (XKLS:1015) has a Cyclically Adjusted Revenue per Share of RM1.83 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on AMMB Holdings Bhd and its competitors.
Is AMMB Holdings Bhd's Cyclically Adjusted Revenue per Share too high?
AMMB Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.83. Overall, AMMB Holdings Bhd has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AMMB Holdings Bhd's Cyclically Adjusted Revenue per Share compare to competitors?
AMMB Holdings Bhd's Cyclically Adjusted Revenue per Share of RM1.83 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on AMMB Holdings Bhd and its competitors. AMMB Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMMB Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, AMMB Holdings Bhd (XKLS:1015) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.79, compared to a current price of RM6.50 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM1.83. AMMB Holdings Bhd's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For AMMB Holdings Bhd (XKLS:1015), the current Cyclically Adjusted Revenue per Share is RM1.83 as of Mar. 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 AMMB Holdings Bhd (XKLS:1015) Overvalued in 2026?

Based on GuruFocus' analysis, AMMB Holdings Bhd stock appears to be overvalued. The current stock price of RM6.50 is trading 12.3% above its estimated GF Value™ of RM5.79. GuruFocus considers AMMB Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:1015:

  • Cyclically Adjusted Revenue per Share: RM1.83
  • GF Value™: RM5.79 vs. price of RM6.50 (12.3% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the XKLS:1015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AMMB Holdings Bhd Business Description

Other Exchanges AMMHF:USA
Address No. 55, Jalan Raja Chulan, 22nd Floor, Bangunan AmBank Group, Kuala Lumpur, SGR, MYS, 50200
AMMB Holdings Bhd is a provider of banking and financial services in Malaysia through its subsidiaries: AmBank and AmBank Islamic. The bank's substantial segment which contributes the vast majority of revenue, is retail banking. The retail banking segment provides individuals and small businesses with services such as credit, auto financing, mortgages, credit cards, capital financing, personal loans, deposits, current accounts, and savings accounts. The wholesale banking business engages with corporate finance and advisory services, restructuring, security issuance, futures market services, stockbroking, and derivatives services. The insurance division offers life and general insurance products via its partnership with MetLife International. Investment banking, Fund management.
58GF Score

Get the complete analysis for XKLS:1015

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

RM6.50
Price
RM5.79
GF Value