Naim Holdings Bhd (XKLS:5073) Cyclically Adjusted Revenue per Share: RM1.38 (As of Mar. 2026)

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XKLS:5073 Naim Holdings Bhd XKLS:5073
36 GF Score
Price RM0.77
GF Value RM0.42
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Naim Holdings Bhd Cyclically Adjusted Revenue per Share?

Naim Holdings Bhd XKLS:5073 +0.66% 36 Cyclically Adjusted Revenue per Share is RM1.38 as of Mar. 2026. GuruFocus rates XKLS:5073 with a GF Score™ of 36/100 and a GF Value™ of RM0.42 (Significantly Overvalued). The stock has 4 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.

Naim Holdings Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.087. 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 RM1.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Naim Holdings Bhd's average Cyclically Adjusted Revenue Growth Rate was -15.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -12.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -8.50% 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 Naim Holdings Bhd was -4.80% per year. The lowest was -12.80% per year. And the median was -8.70% per year.

As of today (2026-07-17), Naim Holdings Bhd's current stock price is RM0.765. Naim Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.38. Naim Holdings Bhd's Cyclically Adjusted PS Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Naim Holdings Bhd was 0.85. The lowest was 0.20. And the median was 0.39.


Naim Holdings Bhd  (XKLS:5073) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.765/1.38
=0.55

* 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 Naim Holdings Bhd was 0.85. The lowest was 0.20. And the median was 0.39.


Be Aware

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


Naim Holdings Bhd Cyclically Adjusted Revenue per Share Related Terms


Naim Holdings Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Naim 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.

Naim Holdings Bhd Cyclically Adjusted Revenue per Share Chart

Naim Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.21 2.16 1.90 1.68 1.43

Naim 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 1.64 1.59 1.53 1.43 1.38

XKLS:5073 vs PWR, FIX, EME: Cyclically Adjusted Revenue per Share Comparison

For the Engineering & Construction subindustry, Naim 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.


Naim Holdings Bhd Cyclically Adjusted PS Ratio vs Construction Industry

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

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


XKLS:5073
36GF Score
Naim Holdings Bhd XKLS:5073
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naim 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, Naim 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)
=0.087/330.2130*330.2130
=0.087

Current CPI (Mar. 2026) = 330.2130.

Naim Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.405 241.018 0.555
201609 0.211 241.428 0.289
201612 0.603 241.432 0.825
201703 0.479 243.801 0.649
201706 0.396 244.955 0.534
201709 0.226 246.819 0.302
201712 0.478 246.524 0.640
201803 0.608 249.554 0.805
201806 0.491 251.989 0.643
201809 0.755 252.439 0.988
201812 0.703 251.233 0.924
201903 0.283 254.202 0.368
201906 0.318 256.143 0.410
201909 0.060 256.759 0.077
201912 0.185 256.974 0.238
202003 0.137 258.115 0.175
202006 0.060 257.797 0.077
202009 0.176 260.280 0.223
202012 0.805 260.474 1.021
202103 0.168 264.877 0.209
202106 0.119 271.696 0.145
202109 0.230 274.310 0.277
202112 0.327 278.802 0.387
202203 0.198 287.504 0.227
202206 0.161 296.311 0.179
202209 0.231 296.808 0.257
202212 0.146 296.797 0.162
202303 0.137 301.836 0.150
202306 0.174 305.109 0.188
202309 0.285 307.789 0.306
202312 0.038 306.746 0.041
202403 0.162 312.332 0.171
202406 0.072 314.175 0.076
202409 0.161 315.301 0.169
202412 0.601 315.605 0.629
202503 0.084 319.799 0.087
202506 0.103 322.561 0.105
202509 0.089 324.800 0.090
202512 0.117 324.054 0.119
202603 0.087 330.213 0.087

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 RM1.38 mean?
Naim Holdings Bhd (XKLS:5073) has a Cyclically Adjusted Revenue per Share of RM1.38 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 Naim Holdings Bhd and its competitors.
Is Naim Holdings Bhd's Cyclically Adjusted Revenue per Share too high?
Naim Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.38. Overall, Naim Holdings Bhd has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naim Holdings Bhd's Cyclically Adjusted Revenue per Share compare to PWR and FIX?
Naim Holdings Bhd's Cyclically Adjusted Revenue per Share of RM1.38 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Revenue per Share depends on the Construction 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 Naim Holdings Bhd and its competitors. Naim Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naim Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Naim Holdings Bhd (XKLS:5073) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.42, compared to a current price of RM0.77 — trading 82.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM1.38. Naim Holdings Bhd's overall GF Score™ is 36/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Naim Holdings Bhd (XKLS:5073), the current Cyclically Adjusted Revenue per Share is RM1.38 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 Naim Holdings Bhd (XKLS:5073) Overvalued in 2026?

Based on GuruFocus' analysis, Naim Holdings Bhd stock appears to be overvalued. The current stock price of RM0.77 is trading 82.1% above its estimated GF Value™ of RM0.42. GuruFocus considers Naim Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5073:

  • Cyclically Adjusted Revenue per Share: RM1.38
  • GF Value™: RM0.42 vs. price of RM0.77 (82.1% above fair value)
  • GF Score™: 36/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5073 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naim Holdings Bhd Business Description

Address 2 1/2 Mile, Rock Road, 9th Floor, Wisma Naim, Kuching, SWK, MYS, 93200
Naim Holdings Bhd is an investment holding company engaged in property developments, construction, civil engineering, infrastructure projects, and oil and gas services. It operates in three reportable segments. The property development segment includes the development and construction of residential and commercial properties and the sale of vacant land. The Construction segment includes the construction of buildings, roads, bridges, and other infrastructures and engineering works, including oil and gas-related construction projects, and Other segments include the manufacture and sale of buildings and construction materials, property investment, and quarry operation. It generates maximum revenue from the Construction segment. The Group is mainly domiciled in Malaysia.
36GF Score

Get the complete analysis for XKLS:5073

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

RM0.77
Price
RM0.42
GF Value