IJM Bhd (XKLS:3336) Cyclically Adjusted Revenue per Share: RM1.91 (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:3336 IJM Corp Bhd XKLS:3336
80 GF Score
Price RM2.29
GF Value RM2.84
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is IJM Bhd Cyclically Adjusted Revenue per Share?

IJM Bhd XKLS:3336 -0.43% 80 Cyclically Adjusted Revenue per Share is RM1.91 as of Mar. 2026. GuruFocus rates XKLS:3336 with a GF Score™ of 80/100 and a GF Value™ of RM2.84 (Modestly Undervalued). The stock has 7 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.

IJM Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.532. 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 RM1.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, IJM Bhd's average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% 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 IJM Bhd was 1.60% per year. The lowest was -0.70% per year. And the median was 0.55% per year.

As of today (2026-07-19), IJM Bhd's current stock price is RM2.29. IJM Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.91. IJM Bhd's Cyclically Adjusted PS Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of IJM Bhd was 1.97. The lowest was 0.67. And the median was 1.01.


IJM Bhd  (XKLS:3336) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.29/1.91
=1.20

* 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 IJM Bhd was 1.97. The lowest was 0.67. And the median was 1.01.


Be Aware

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


IJM Bhd Cyclically Adjusted Revenue per Share Related Terms


IJM Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for IJM 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.

IJM Bhd Cyclically Adjusted Revenue per Share Chart

IJM 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 1.90 1.86 1.85 1.91

IJM 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 1.85 1.87 1.88 1.87 1.91

XKLS:3336 vs HON, MMM: Cyclically Adjusted Revenue per Share Comparison

For the Conglomerates subindustry, IJM 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.


IJM Bhd Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


XKLS:3336
80GF Score
IJM Corp Bhd XKLS:3336
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IJM 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, IJM 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)
=0.532/330.2130*330.2130
=0.532

Current CPI (Mar. 2026) = 330.2130.

IJM Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.361 241.018 0.495
201609 0.407 241.428 0.557
201612 0.438 241.432 0.599
201703 0.457 243.801 0.619
201706 0.399 244.955 0.538
201709 0.435 246.819 0.582
201712 0.423 246.524 0.567
201803 0.373 249.554 0.494
201806 0.398 251.989 0.522
201809 0.360 252.439 0.471
201812 0.414 251.233 0.544
201903 0.355 254.202 0.461
201906 0.426 256.143 0.549
201909 0.434 256.759 0.558
201912 0.397 256.974 0.510
202003 0.564 258.115 0.722
202006 0.242 257.797 0.310
202009 0.335 260.280 0.425
202012 0.397 260.474 0.503
202103 0.441 264.877 0.550
202106 0.286 271.696 0.348
202109 0.242 274.310 0.291
202112 0.352 278.802 0.417
202203 0.349 287.504 0.401
202206 0.304 296.311 0.339
202209 0.304 296.808 0.338
202212 0.313 296.797 0.348
202303 0.378 301.836 0.414
202306 0.349 305.109 0.378
202309 0.416 307.789 0.446
202312 0.421 306.746 0.453
202403 0.502 312.332 0.531
202406 0.401 314.175 0.421
202409 0.432 315.301 0.452
202412 0.439 315.605 0.459
202503 0.511 319.799 0.528
202506 0.495 322.561 0.507
202509 0.478 324.800 0.486
202512 0.458 324.054 0.467
202603 0.532 330.213 0.532

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 RM1.91 mean?
IJM Bhd (XKLS:3336) has a Cyclically Adjusted Revenue per Share of RM1.91 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 IJM Bhd and its competitors.
Is IJM Bhd's Cyclically Adjusted Revenue per Share too high?
IJM Bhd's current Cyclically Adjusted Revenue per Share is RM1.91. Overall, IJM Bhd has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IJM Bhd's Cyclically Adjusted Revenue per Share compare to HON and MMM?
IJM Bhd's Cyclically Adjusted Revenue per Share of RM1.91 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Cyclically Adjusted Revenue per Share depends on the Conglomerates 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 IJM Bhd and its competitors. IJM Bhd's current Cyclically Adjusted Revenue per Share is RM1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IJM Bhd stock overvalued right now?
Based on GuruFocus' analysis, IJM Bhd (XKLS:3336) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.84, compared to a current price of RM2.29 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM1.91. IJM Bhd's overall GF Score™ is 80/100 with 7 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 IJM Bhd (XKLS:3336), the current Cyclically Adjusted Revenue per Share is RM1.91 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 IJM Bhd (XKLS:3336) Overvalued in 2026?

Based on GuruFocus' analysis, IJM Bhd stock appears to be undervalued. The current stock price of RM2.29 is trading 19.4% below its estimated GF Value™ of RM2.84. GuruFocus considers IJM Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3336:

  • Cyclically Adjusted Revenue per Share: RM1.91
  • GF Value™: RM2.84 vs. price of RM2.29 (19.4% below fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the XKLS:3336 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IJM Bhd Business Description

Address Jalan Yong Shook Lin, 2nd Floor, Wisma IJM, Petaling Jaya, SGR, MYS, 46050
IJM Corp Bhd is an investment holding company. It constructs hotels, residential complexes, highways and transportation systems, and other large industrial structures. In addition, the company provides construction materials for in-house support and external customers. It utilizes quarry operations, ready-mixed concrete, scaffolding, and other supplies to provide reliable solutions. IJM has six operating segments: Construction, Property development, Manufacturing and quarrying, Infrastructure - Tollway, Infrastructure - Port and Investment and others. The majority of the company's revenue is derived from Malaysia, and also has its presence in India, United Kingdom, and Other countries.
80GF Score

Get the complete analysis for XKLS:3336

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

RM2.29
Price
RM2.84
GF Value