Malayan Cement Bhd (XKLS:3794) Cyclically Adjusted Revenue per Share: RM2.82 (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:3794 Malayan Cement Bhd XKLS:3794
76 GF Score
Price RM6.29
GF Value RM5.54
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Malayan Cement Bhd Cyclically Adjusted Revenue per Share?

Malayan Cement Bhd XKLS:3794 -1.26% 76 Cyclically Adjusted Revenue per Share is RM2.82 as of Mar. 2026. GuruFocus rates XKLS:3794 with a GF Score™ of 76/100 and a GF Value™ of RM5.54 (Modestly Overvalued). The stock has 3 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.

Malayan Cement Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.638. 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 RM2.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Malayan Cement Bhd's average Cyclically Adjusted Revenue Growth Rate was -3.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.60% 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 Malayan Cement Bhd was -1.30% per year. The lowest was -3.60% per year. And the median was -2.45% per year.

As of today (2026-07-22), Malayan Cement Bhd's current stock price is RM6.29. Malayan Cement Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM2.82. Malayan Cement Bhd's Cyclically Adjusted PS Ratio of today is 2.23.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Malayan Cement Bhd was 3.09. The lowest was 0.58. And the median was 1.16.


Malayan Cement Bhd  (XKLS:3794) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.29/2.82
=2.23

* 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 Malayan Cement Bhd was 3.09. The lowest was 0.58. And the median was 1.16.


Be Aware

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


Malayan Cement Bhd Cyclically Adjusted Revenue per Share Related Terms


Malayan Cement Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Malayan Cement 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.

Malayan Cement Bhd Cyclically Adjusted Revenue per Share Chart

Malayan Cement Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 3.23 3.12 3.00 2.89

Malayan Cement 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 2.91 2.89 2.86 2.81 2.82

XKLS:3794 vs CRH, VMC, MLM: Cyclically Adjusted Revenue per Share Comparison

For the Building Materials subindustry, Malayan Cement 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.


Malayan Cement Bhd Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:3794
76GF Score
Malayan Cement Bhd XKLS:3794
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malayan Cement 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, Malayan Cement 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)
=0.638/330.2130*330.2130
=0.638

Current CPI (Mar. 2026) = 330.2130.

Malayan Cement Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.845 236.525 1.180
201603 0.788 238.132 1.093
201606 0.775 241.018 1.062
201609 0.691 241.428 0.945
201612 0.749 241.432 1.024
201703 0.661 243.801 0.895
201706 0.626 244.955 0.844
201709 0.681 246.819 0.911
201712 0.678 246.524 0.908
201803 0.644 249.554 0.852
201806 0.626 251.989 0.820
201809 0.583 252.439 0.763
201812 0.645 251.233 0.848
201903 0.634 254.202 0.824
201906 0.555 256.143 0.715
201909 0.548 256.759 0.705
202003 0.421 258.115 0.539
202009 0.433 260.280 0.549
202012 0.412 260.474 0.522
202103 0.441 264.877 0.550
202106 0.296 271.696 0.360
202109 0.293 274.310 0.353
202112 0.462 278.802 0.547
202203 0.447 287.504 0.513
202206 0.453 296.311 0.505
202209 0.483 296.808 0.537
202212 0.505 296.797 0.562
202303 0.558 301.836 0.610
202306 0.569 305.109 0.616
202309 0.627 307.789 0.673
202312 0.629 306.746 0.677
202403 0.590 312.332 0.624
202406 0.557 314.175 0.585
202409 0.623 315.301 0.652
202412 0.615 315.605 0.643
202503 0.584 319.799 0.603
202506 0.591 322.561 0.605
202509 0.645 324.800 0.656
202512 0.663 324.054 0.676
202603 0.638 330.213 0.638

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 RM2.82 mean?
Malayan Cement Bhd (XKLS:3794) has a Cyclically Adjusted Revenue per Share of RM2.82 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 Malayan Cement Bhd and its competitors.
Is Malayan Cement Bhd's Cyclically Adjusted Revenue per Share too high?
Malayan Cement Bhd's current Cyclically Adjusted Revenue per Share is RM2.82. Overall, Malayan Cement Bhd has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Cyclically Adjusted Revenue per Share compare to CRH and VMC?
Malayan Cement Bhd's Cyclically Adjusted Revenue per Share of RM2.82 can be compared against companies in the Building Materials 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 Building Materials company?
A good Cyclically Adjusted Revenue per Share depends on the Building Materials 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 Malayan Cement Bhd and its competitors. Malayan Cement Bhd's current Cyclically Adjusted Revenue per Share is RM2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.54, compared to a current price of RM6.29 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM2.82. Malayan Cement Bhd's overall GF Score™ is 76/100 with 3 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 Malayan Cement Bhd (XKLS:3794), the current Cyclically Adjusted Revenue per Share is RM2.82 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 Malayan Cement Bhd (XKLS:3794) Overvalued in 2026?

Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued. The current stock price of RM6.29 is trading 13.5% above its estimated GF Value™ of RM5.54. GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:3794:

  • Cyclically Adjusted Revenue per Share: RM2.82
  • GF Value™: RM5.54 vs. price of RM6.29 (13.5% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malayan Cement Bhd Business Description

Address 205 Jalan Bukit Bintang, 28th Floor, Menara YTL, Kuala Lumpur, SGR, MYS, 55100
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
76GF Score

Get the complete analysis for XKLS:3794

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

RM6.29
Price
RM5.54
GF Value