Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Cyclically Adjusted Revenue per Share: RM1.30 (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:5186 Malaysia Marine and Heavy Engineering Holdings Bhd XKLS:5186
51 GF Score
Price RM0.36
GF Value RM0.31
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Revenue per Share?

Malaysia Marine and Heavy Engineering Holdings Bhd XKLS:5186 +1.43% 51 Cyclically Adjusted Revenue per Share is RM1.30 as of Mar. 2026. GuruFocus rates XKLS:5186 with a GF Score™ of 51/100 and a GF Value™ of RM0.31 (Modestly 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.

Malaysia Marine and Heavy Engineering Holdings Bhd's adjusted revenue per share for the three months ended in Mar. 2026 was RM0.326. 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 RM1.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Malaysia Marine and Heavy Engineering Holdings Bhd's average Cyclically Adjusted Revenue Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.80% 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 Malaysia Marine and Heavy Engineering Holdings Bhd was -0.30% per year. The lowest was -9.00% per year. And the median was -1.90% per year.

As of today (2026-07-19), Malaysia Marine and Heavy Engineering Holdings Bhd's current stock price is RM0.355. Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM1.30. Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PS Ratio of today is 0.27.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Malaysia Marine and Heavy Engineering Holdings Bhd was 0.57. The lowest was 0.21. And the median was 0.31.


Malaysia Marine and Heavy Engineering Holdings Bhd  (XKLS:5186) 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.

Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.355/1.30
=0.27

* 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 Malaysia Marine and Heavy Engineering Holdings Bhd was 0.57. The lowest was 0.21. And the median was 0.31.


Be Aware

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


Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Revenue per Share Related Terms


Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Malaysia Marine and Heavy Engineering 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.

Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Revenue per Share Chart

Malaysia Marine and Heavy Engineering 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 1.36 1.28 1.29 1.33 1.27

Malaysia Marine and Heavy Engineering 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 1.31 1.30 1.30 1.27 1.30

XKLS:5186 vs SLB, BKR, HAL: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Equipment & Services subindustry, Malaysia Marine and Heavy Engineering 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.


Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PS Ratio falls into.


XKLS:5186
51GF Score
Malaysia Marine and Heavy Engineering Holdings Bhd XKLS:5186
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Marine and Heavy Engineering 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, Malaysia Marine and Heavy Engineering 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)
=0.326/330.2130*330.2130
=0.326

Current CPI (Mar. 2026) = 330.2130.

Malaysia Marine and Heavy Engineering Holdings Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.186 241.018 0.255
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.147 243.801 0.199
201706 0.161 244.955 0.217
201709 0.135 246.819 0.181
201712 0.155 246.524 0.208
201803 0.118 249.554 0.156
201806 0.139 251.989 0.182
201809 0.181 252.439 0.237
201812 0.171 251.233 0.225
201903 0.127 254.202 0.165
201906 0.173 256.143 0.223
201909 0.159 256.759 0.204
201912 0.172 256.974 0.221
202003 0.217 258.115 0.278
202006 0.097 257.797 0.124
202009 0.231 260.280 0.293
202012 0.435 260.474 0.551
202103 0.215 264.877 0.268
202106 0.189 271.696 0.230
202109 0.243 274.310 0.293
202112 0.270 278.802 0.320
202203 0.261 287.504 0.300
202206 0.250 296.311 0.279
202209 0.256 296.808 0.285
202212 0.265 296.797 0.295
202303 0.310 301.836 0.339
202306 0.660 305.109 0.714
202309 0.399 307.789 0.428
202312 0.699 306.746 0.752
202403 0.615 312.332 0.650
202406 0.563 314.175 0.592
202409 0.567 315.301 0.594
202412 0.511 315.605 0.535
202503 0.283 319.799 0.292
202506 0.270 322.561 0.276
202509 0.319 324.800 0.324
202512 0.364 324.054 0.371
202603 0.326 330.213 0.326

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 RM1.30 mean?
Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) has a Cyclically Adjusted Revenue per Share of RM1.30 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 Malaysia Marine and Heavy Engineering Holdings Bhd and its competitors.
Is Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Revenue per Share too high?
Malaysia Marine and Heavy Engineering Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.30. Overall, Malaysia Marine and Heavy Engineering Holdings Bhd has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Revenue per Share compare to SLB and BKR?
Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Revenue per Share of RM1.30 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 Malaysia Marine and Heavy Engineering Holdings Bhd and its competitors. Malaysia Marine and Heavy Engineering Holdings Bhd's current Cyclically Adjusted Revenue per Share is RM1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Marine and Heavy Engineering Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.31, compared to a current price of RM0.36 — trading 14.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is RM1.30. Malaysia Marine and Heavy Engineering Holdings Bhd's overall GF Score™ is 51/100 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 Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186), the current Cyclically Adjusted Revenue per Share is RM1.30 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 Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Marine and Heavy Engineering Holdings Bhd stock appears to be overvalued. The current stock price of RM0.36 is trading 14.5% above its estimated GF Value™ of RM0.31. GuruFocus considers Malaysia Marine and Heavy Engineering Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5186:

  • Cyclically Adjusted Revenue per Share: RM1.30
  • GF Value™: RM0.31 vs. price of RM0.36 (14.5% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysia Marine and Heavy Engineering Holdings Bhd Business Description

Industry EnergyOil & Gas
Address Jalan Sultan Hishamuddin, Level 31, Menara Dayabumi, Kuala Lumpur, MYS, 50050
Malaysia Marine and Heavy Engineering Holdings Bhd delivers integrated solutions across offshore and onshore facilities as well as marine vessels. The company provides a comprehensive suite of marine repair, conversion and refurbishment services, with a specialized focus on LNG carrier repairs. It is also actively engaged in new and renewable energy and decarbonisation-related works, including the fabrication and construction of carbon capture facilities, offshore wind farm substations, and green hydrogen infrastructure. The company's segments include the Heavy Engineering segment, which provides services for oil and gas engineering and construction works, and the Marine segment, which provides marine conversion works and repair services.
51GF Score

Get the complete analysis for XKLS:5186

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

RM0.36
Price
RM0.31
GF Value