Kingston Properties (XJAM:KPREIT) Cyclically Adjusted PB Ratio: 1.17 (As of Aug. 23, 2026) — 54% Above Median

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.

XJAM:KPREIT Kingston Properties Ltd XJAM:KPREIT
88 GF Score
Price JMD11.84
GF Value JMD14.05
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Kingston Properties Cyclically Adjusted PB Ratio?

Kingston Properties XJAM:KPREIT +10.76% 88 Cyclically Adjusted PB Ratio is 1.17 as of Aug. 23, 2026, which is 54% above its 10-year median of 0.76. GuruFocus rates XJAM:KPREIT with a GF Score™ of 88/100 and a GF Value™ of JMD14.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 549 REITs companies, Kingston Properties ranks worse than 72.68% on this metric.

As of today (2026-08-23), Kingston Properties's current share price is JMD11.84. Kingston Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was JMD10.15. Kingston Properties's Cyclically Adjusted PB Ratio for today is 1.17.

The historical rank and industry rank for Kingston Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:

XJAM:KPREIT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.76   Max: 1.38
Current: 1.17

During the past years, Kingston Properties's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.47. And the median was 0.76.

XJAM:KPREIT's Cyclically Adjusted PB Ratio is ranked worse than
72.68% of 549 companies
in the REITs industry
Industry Median: 0.79 vs XJAM:KPREIT: 1.17

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kingston Properties's adjusted book value per share data for the three months ended in Mar. 2026 was JMD10.000. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is JMD10.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingston Properties  (XJAM:KPREIT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Kingston Properties Cyclically Adjusted PB Ratio Related Terms


Kingston Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kingston Properties's Cyclically Adjusted PB Ratio 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.

Kingston Properties Cyclically Adjusted PB Ratio Chart

Kingston Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.65 0.67 0.89 0.93

Kingston Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 0.92 0.92 0.91 0.93 1.18

XJAM:KPREIT vs VICI, WPC, BNL: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Kingston Properties's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Kingston Properties Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Kingston Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kingston Properties's Cyclically Adjusted PB Ratio falls into.


XJAM:KPREIT
88GF Score
Kingston Properties Ltd XJAM:KPREIT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kingston Properties Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Kingston Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.84/10.15
=1.17

* 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.

Kingston Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kingston Properties's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10/330.2130*330.2130
=10.000

Current CPI (Mar. 2026) = 330.2130.

Kingston Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.309 241.018 18.234
201609 13.316 241.428 18.213
201612 13.120 241.432 17.945
201703 13.012 243.801 17.624
201706 12.970 244.955 17.484
201709 6.492 246.819 8.685
201712 6.820 246.524 9.135
201803 6.900 249.554 9.130
201806 6.692 251.989 8.769
201809 6.534 252.439 8.547
201812 6.997 251.233 9.197
201903 6.909 254.202 8.975
201906 6.782 256.143 8.743
201909 3.152 256.759 4.054
201912 7.105 256.974 9.130
202003 7.054 258.115 9.024
202006 7.024 257.797 8.997
202009 7.028 260.280 8.916
202012 7.155 260.474 9.071
202103 7.196 264.877 8.971
202106 7.267 271.696 8.832
202109 7.260 274.310 8.740
202112 7.652 278.802 9.063
202203 7.820 287.504 8.982
202206 10.046 296.311 11.195
202209 7.753 296.808 8.626
202212 8.010 296.797 8.912
202303 8.160 301.836 8.927
202306 8.099 305.109 8.765
202309 8.178 307.789 8.774
202312 8.605 306.746 9.263
202403 8.775 312.332 9.277
202406 8.771 314.175 9.219
202409 8.909 315.301 9.330
202412 9.313 315.605 9.744
202503 9.493 319.799 9.802
202506 9.608 322.561 9.836
202509 9.363 324.800 9.519
202512 9.971 324.054 10.161
202603 10.000 330.213 10.000

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.

What does a Cyclically Adjusted PB Ratio of 1.17 mean?
Kingston Properties (XJAM:KPREIT) has a Cyclically Adjusted PB Ratio of 1.17 as of Aug. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kingston Properties and its competitors. This is 54% above median its historical median of 0.76. Over the past decade, Kingston Properties' Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.38. According to the industry distribution chart, Kingston Properties ranks #399 out of 549 companies in the REITs industry, placing it in the top 72.7%.
Is Kingston Properties' Cyclically Adjusted PB Ratio too high?
Kingston Properties' current Cyclically Adjusted PB Ratio of 1.17 is 54% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.38. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Kingston Properties' value of 1.17 is 48.1% above this industry median. Based on the distribution chart, Kingston Properties ranks #399 out of 549 companies in the REITs industry, which is below the industry midpoint. Overall, Kingston Properties has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kingston Properties' Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Kingston Properties ranks #399 out of 549 companies for Cyclically Adjusted PB Ratio. This places Kingston Properties in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Kingston Properties' value of 1.17 is 48.1% above this benchmark. Historically, Kingston Properties' own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.38 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.79, Kingston Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kingston Properties's current Cyclically Adjusted PB Ratio of 1.17 is 48.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kingston Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingston Properties's current Cyclically Adjusted PB Ratio is 1.17, which is 54% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingston Properties stock overvalued right now?
Based on GuruFocus' analysis, Kingston Properties (XJAM:KPREIT) is currently considered Modestly Undervalued. The stock's GF Value™ is JMD14.05, compared to a current price of JMD11.84 — trading 15.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.17, which is 54% above median its 10-year median of 0.76 and 48.1% above the REITs industry median of 0.79. Kingston Properties' overall GF Score™ is 88/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kingston Properties (XJAM:KPREIT), the current Cyclically Adjusted PB Ratio is 1.17 as of Aug. 23, 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 Kingston Properties (XJAM:KPREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Kingston Properties stock appears to be undervalued. The current stock price of JMD11.84 is trading 15.7% below its estimated GF Value™ of JMD14.05. GuruFocus considers Kingston Properties to be Modestly Undervalued.

Key valuation signals for XJAM:KPREIT:

  • Cyclically Adjusted PB Ratio: 1.17 (54% above median its 10-year median of 0.76)
  • GF Value™: JMD14.05 vs. price of JMD11.84 (15.7% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 48.1% above the REITs median (#399 of 549)

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


Kingston Properties Business Description

Industry Real EstateREITs
Address 36-38 Red Hills Road, Building B, 1st Floor, Kingston, JAM, 10
Kingston Properties Ltd is a real estate investment vehicle specializing in value-add commercial property investments in the office, industrial, multi-family, mixed-use, retail, and other real estate spaces. The company owns and manages a portfolio of income-generating properties across Jamaica, the Cayman Islands, the United Kingdom, and the United States of America, and also has interests in real estate private equity funds in the United States of America. Its tenants include residential clients and medium to large-sized companies across industries with local, regional, and international operations.
88GF Score

Get the complete analysis for XJAM:KPREIT

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

JMD11.84
Price
JMD14.05
GF Value