Hap Seng Plantations Holdings Bhd (XKLS:5138) Cyclically Adjusted Revenue per Share: RM0.89 (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:5138 Hap Seng Plantations Holdings Bhd XKLS:5138
79 GF Score
Price RM2.48
GF Value RM2.04
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Hap Seng Plantations Holdings Bhd Cyclically Adjusted Revenue per Share?

Hap Seng Plantations Holdings Bhd XKLS:5138 79 Cyclically Adjusted Revenue per Share is RM0.89 as of Mar. 2026. GuruFocus rates XKLS:5138 with a GF Score™ of 79/100 and a GF Value™ of RM2.04 (Modestly Overvalued). The stock has 8 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.

Hap Seng Plantations Holdings Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.241. 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 RM0.89 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hap Seng Plantations Holdings Bhd's average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% 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 Hap Seng Plantations Holdings Bhd was 7.80% per year. The lowest was 4.20% per year. And the median was 6.40% per year.

As of today (2026-07-21), Hap Seng Plantations Holdings Bhd's current stock price is RM2.48. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.89. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PS Ratio of today is 2.79.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hap Seng Plantations Holdings Bhd was 4.48. The lowest was 2.07. And the median was 2.50.


Hap Seng Plantations Holdings Bhd  (XKLS:5138) 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.

Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.48/0.89
=2.79

* 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 Hap Seng Plantations Holdings Bhd was 4.48. The lowest was 2.07. And the median was 2.50.


Be Aware

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


Hap Seng Plantations Holdings Bhd Cyclically Adjusted Revenue per Share Related Terms


Hap Seng Plantations Holdings Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Hap Seng Plantations 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.

Hap Seng Plantations Holdings Bhd Cyclically Adjusted Revenue per Share Chart

Hap Seng Plantations 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 0.69 0.76 0.79 0.83 0.86

Hap Seng Plantations 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 0.84 0.85 0.86 0.86 0.89

XKLS:5138 vs ADM, BG, TSN: Cyclically Adjusted Revenue per Share Comparison

For the Farm Products subindustry, Hap Seng Plantations 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.


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKLS:5138
79GF Score
Hap Seng Plantations Holdings Bhd XKLS:5138
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hap Seng Plantations 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, Hap Seng Plantations 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)
=0.241/330.2130*330.2130
=0.241

Current CPI (Mar. 2026) = 330.2130.

Hap Seng Plantations Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.138 241.018 0.189
201609 0.200 241.428 0.274
201612 0.161 241.432 0.220
201703 0.180 243.801 0.244
201706 0.167 244.955 0.225
201709 0.142 246.819 0.190
201712 0.205 246.524 0.275
201803 0.152 249.554 0.201
201806 0.135 251.989 0.177
201809 0.082 252.439 0.107
201812 0.120 251.233 0.158
201903 0.158 254.202 0.205
201906 0.100 256.143 0.129
201909 0.109 256.759 0.140
201912 0.156 256.974 0.200
202003 0.127 258.115 0.162
202006 0.105 257.797 0.134
202009 0.161 260.280 0.204
202012 0.192 260.474 0.243
202103 0.152 264.877 0.189
202106 0.226 271.696 0.275
202109 0.217 274.310 0.261
202112 0.244 278.802 0.289
202203 0.303 287.504 0.348
202206 0.309 296.311 0.344
202209 0.228 296.808 0.254
202212 0.180 296.797 0.200
202303 0.200 301.836 0.219
202306 0.211 305.109 0.228
202309 0.206 307.789 0.221
202312 0.218 306.746 0.235
202403 0.199 312.332 0.210
202406 0.229 314.175 0.241
202409 0.222 315.301 0.232
202412 0.292 315.605 0.306
202503 0.224 319.799 0.231
202506 0.195 322.561 0.200
202509 0.212 324.800 0.216
202512 0.247 324.054 0.252
202603 0.241 330.213 0.241

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 RM0.89 mean?
Hap Seng Plantations Holdings Bhd (XKLS:5138) has a Cyclically Adjusted Revenue per Share of RM0.89 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 Hap Seng Plantations Holdings Bhd and its competitors.
Is Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Revenue per Share too high?
Hap Seng Plantations Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM0.89. Overall, Hap Seng Plantations Holdings Bhd has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Revenue per Share compare to ADM and BG?
Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Revenue per Share of RM0.89 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods 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 Hap Seng Plantations Holdings Bhd and its competitors. Hap Seng Plantations Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hap Seng Plantations Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd (XKLS:5138) is currently considered Modestly Overvalued. The stock's GF Value™ is RM2.04, compared to a current price of RM2.48 — trading 21.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM0.89. Hap Seng Plantations Holdings Bhd's overall GF Score™ is 79/100 with 8 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 Hap Seng Plantations Holdings Bhd (XKLS:5138), the current Cyclically Adjusted Revenue per Share is RM0.89 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 Hap Seng Plantations Holdings Bhd (XKLS:5138) Overvalued in 2026?

Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd stock appears to be overvalued. The current stock price of RM2.48 is trading 21.6% above its estimated GF Value™ of RM2.04. GuruFocus considers Hap Seng Plantations Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5138:

  • Cyclically Adjusted Revenue per Share: RM0.89
  • GF Value™: RM2.04 vs. price of RM2.48 (21.6% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the XKLS:5138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hap Seng Plantations Holdings Bhd Business Description

Address Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Plantations Holdings Bhd is a Malaysia-based palm oil plantation company. It is focused on the upstream activities in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches (FFB) into crude palm oil (CPO) in its mills. Geographically, the company derives all of its revenue from Malaysia.
79GF Score

Get the complete analysis for XKLS:5138

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

RM2.48
Price
RM2.04
GF Value