AmFirst Real Estate Investment Trust (XKLS:5120) Cyclically Adjusted FCF per Share: RM0.10 (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:5120 AmFirst Real Estate Investment Trust XKLS:5120
43 GF Score
Price RM0.33
GF Value RM0.34
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is AmFirst Real Estate Investment Trust Cyclically Adjusted FCF per Share?

AmFirst Real Estate Investment Trust XKLS:5120 43 Cyclically Adjusted FCF per Share is RM0.10 as of Mar. 2026. GuruFocus rates XKLS:5120 with a GF Score™ of 43/100 and a GF Value™ of RM0.34 (Fairly Valued). The stock has 5 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

AmFirst Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2026 was RM0.015. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is RM0.10 for the trailing ten years ended in Mar. 2026.

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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-07-22), AmFirst Real Estate Investment Trust's current stock price is RM0.325. AmFirst Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was RM0.10. AmFirst Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 3.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AmFirst Real Estate Investment Trust was 4.40. The lowest was 2.64. And the median was 3.35.


AmFirst Real Estate Investment Trust  (XKLS:5120) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

AmFirst Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.325/0.10
=3.25

* 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 Price-to-FCF of AmFirst Real Estate Investment Trust was 4.40. The lowest was 2.64. And the median was 3.35.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


AmFirst Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms


AmFirst Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for AmFirst Real Estate Investment Trust's Cyclically Adjusted FCF 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.

AmFirst Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

AmFirst Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.10 0.10 0.10 0.10

AmFirst Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 0.10 0.11 0.11 0.10 0.10

XKLS:5120 vs VICI, WPC, BNL: Cyclically Adjusted FCF per Share Comparison

For the REIT - Diversified subindustry, AmFirst Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


AmFirst Real Estate Investment Trust Cyclically Adjusted Price-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, AmFirst Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AmFirst Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.


XKLS:5120
43GF Score
AmFirst Real Estate Investment Trust XKLS:5120
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AmFirst Real Estate Investment Trust Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, AmFirst Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.015/330.2130*330.2130
=0.015

Current CPI (Mar. 2026) = 330.2130.

AmFirst Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.051 241.018 0.070
201609 0.017 241.428 0.023
201612 0.062 241.432 0.085
201703 -0.021 243.801 -0.028
201706 0.026 244.955 0.035
201709 0.020 246.819 0.027
201712 0.028 246.524 0.038
201803 0.024 249.554 0.032
201806 0.025 251.989 0.033
201809 0.023 252.439 0.030
201812 0.023 251.233 0.030
201903 0.025 254.202 0.032
201906 0.027 256.143 0.035
201909 0.023 256.759 0.030
201912 0.028 256.974 0.036
202003 0.022 258.115 0.028
202006 0.012 257.797 0.015
202009 0.007 260.280 0.009
202012 0.024 260.474 0.030
202103 0.012 264.877 0.015
202106 0.018 271.696 0.022
202109 0.008 274.310 0.010
202112 0.020 278.802 0.024
202203 0.021 287.504 0.024
202206 0.021 296.311 0.023
202209 0.021 296.808 0.023
202212 0.016 296.797 0.018
202303 0.020 301.836 0.022
202306 0.022 305.109 0.024
202309 0.013 307.789 0.014
202312 0.022 306.746 0.024
202403 0.019 312.332 0.020
202406 0.019 314.175 0.020
202409 0.014 315.301 0.015
202412 0.019 315.605 0.020
202503 0.020 319.799 0.021
202506 0.028 322.561 0.029
202509 0.011 324.800 0.011
202512 0.021 324.054 0.021
202603 0.015 330.213 0.015

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of RM0.10 mean?
AmFirst Real Estate Investment Trust (XKLS:5120) has a Cyclically Adjusted FCF per Share of RM0.10 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on AmFirst Real Estate Investment Trust and its competitors.
Is AmFirst Real Estate Investment Trust's Cyclically Adjusted FCF per Share too high?
AmFirst Real Estate Investment Trust's current Cyclically Adjusted FCF per Share is RM0.10. Overall, AmFirst Real Estate Investment Trust has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AmFirst Real Estate Investment Trust's Cyclically Adjusted FCF per Share compare to VICI and WPC?
AmFirst Real Estate Investment Trust's Cyclically Adjusted FCF per Share of RM0.10 can be compared against companies in the REITs 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 FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on AmFirst Real Estate Investment Trust and its competitors. AmFirst Real Estate Investment Trust's current Cyclically Adjusted FCF per Share is RM0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AmFirst Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, AmFirst Real Estate Investment Trust (XKLS:5120) is currently considered Fairly Valued. The stock's GF Value™ is RM0.34, compared to a current price of RM0.33 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is RM0.10. AmFirst Real Estate Investment Trust's overall GF Score™ is 43/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For AmFirst Real Estate Investment Trust (XKLS:5120), the current Cyclically Adjusted FCF per Share is RM0.10 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 AmFirst Real Estate Investment Trust (XKLS:5120) Overvalued in 2026?

Based on GuruFocus' analysis, AmFirst Real Estate Investment Trust stock appears to be undervalued. The current stock price of RM0.33 is trading 4.4% below its estimated GF Value™ of RM0.34. GuruFocus considers AmFirst Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for XKLS:5120:

  • Cyclically Adjusted FCF per Share: RM0.10
  • GF Value™: RM0.34 vs. price of RM0.33 (4.4% below fair value)
  • GF Score™: 43/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AmFirst Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address Jalan Stadium SS 7/15, SS 7, Suite 101-2, Level 1, Tower 2, Wisma AmFIRST, Petaling Jaya, SGR, MYS, 47301
AmFirst Real Estate Investment Trust is engaged mainly in owning and investing in real estate and related assets, through the ownership of single-purpose companies whose principal assets comprise of real estate and real estate-related assets. It owns a portfolio of almost nine commercial properties in majority growth areas of Malaysia, majorly in the Klang Valley.
43GF Score

Get the complete analysis for XKLS:5120

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

RM0.33
Price
RM0.34
GF Value