Tower Real Estate Investment Trust (XKLS:5111) Cyclically Adjusted PB Ratio: 0.15 (As of Jul. 29, 2026) — 17% Below Median

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XKLS:5111 Tower Real Estate Investment Trust XKLS:5111
24 GF Score
Price RM0.32
GF Value RM0.27
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Tower Real Estate Investment Trust Cyclically Adjusted PB Ratio?

Tower Real Estate Investment Trust XKLS:5111 24 Cyclically Adjusted PB Ratio is 0.15 as of Jul. 29, 2026, which is 17% below its 10-year median of 0.18. GuruFocus rates XKLS:5111 with a GF Score™ of 24/100 and a GF Value™ of RM0.27 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 554 REITs companies, Tower Real Estate Investment Trust ranks better than 94.4% on this metric.

As of today (2026-07-29), Tower Real Estate Investment Trust's current share price is RM0.315. Tower Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM2.10. Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.15.

The historical rank and industry rank for Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:5111' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.18   Max: 0.31
Current: 0.15

During the past years, Tower Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 0.31. The lowest was 0.12. And the median was 0.18.

XKLS:5111's Cyclically Adjusted PB Ratio is ranked better than
94.4% of 554 companies
in the REITs industry
Industry Median: 0.81 vs XKLS:5111: 0.15

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.

Tower Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.174. 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 RM2.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tower Real Estate Investment Trust  (XKLS:5111) 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.


Tower Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


Tower Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tower Real Estate Investment Trust'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.

Tower Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Tower Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.20 0.18 0.15 0.13

Tower 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 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 0.14 0.13 0.14 0.15 0.13

XKLS:5111 vs BXP, ARE, VNO: Cyclically Adjusted PB Ratio Comparison

For the REIT - Office subindustry, Tower Real Estate Investment Trust'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.


Tower Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


XKLS:5111
24GF Score
Tower Real Estate Investment Trust XKLS:5111
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tower Real Estate Investment Trust 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.

Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.315/2.10
=0.15

* 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.

Tower Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tower Real Estate Investment Trust'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)
=1.174/330.2130*330.2130
=1.174

Current CPI (Mar. 2026) = 330.2130.

Tower Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201603 1.910 238.132 2.649
201606 1.929 241.018 2.643
201609 1.916 241.428 2.621
201612 1.931 241.432 2.641
201703 1.913 243.801 2.591
201706 1.929 244.955 2.600
201709 1.913 246.819 2.559
201712 1.932 246.524 2.588
201803 1.915 249.554 2.534
201806 1.928 251.989 2.527
201809 1.918 252.439 2.509
201903 1.900 254.202 2.468
201906 0.000 256.143 0.000
201909 1.880 256.759 2.418
201912 1.887 256.974 2.425
202003 1.883 258.115 2.409
202006 1.888 257.797 2.418
202009 1.882 260.280 2.388
202012 1.887 260.474 2.392
202103 1.883 264.877 2.347
202106 1.849 271.696 2.247
202109 1.845 274.310 2.221
202112 1.850 278.802 2.191
202203 1.842 287.504 2.116
202206 1.846 296.311 2.057
202209 1.843 296.808 2.050
202212 1.843 296.797 2.051
202303 1.840 301.836 2.013
202306 1.774 305.109 1.920
202309 1.773 307.789 1.902
202312 1.774 306.746 1.910
202403 1.775 312.332 1.877
202406 1.161 314.175 1.220
202409 1.158 315.301 1.213
202412 1.162 315.605 1.216
202503 1.158 319.799 1.196
202506 1.160 322.561 1.188
202509 1.162 324.800 1.181
202512 1.167 324.054 1.189
202603 1.174 330.213 1.174

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 0.15 mean?
Tower Real Estate Investment Trust (XKLS:5111) has a Cyclically Adjusted PB Ratio of 0.15 as of Jul. 29, 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 Tower Real Estate Investment Trust and its competitors. This is 17% below median its historical median of 0.18. Over the past decade, Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.31. According to the industry distribution chart, Tower Real Estate Investment Trust ranks #31 out of 554 companies in the REITs industry, placing it in the top 5.6%.
Is Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio too high?
Tower Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.15 is 17% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.31. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Tower Real Estate Investment Trust's value of 0.15 is 81.5% below this industry median. Based on the distribution chart, Tower Real Estate Investment Trust ranks #31 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Tower Real Estate Investment Trust has a GF Score™ of 24/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tower Real Estate Investment Trust's Cyclically Adjusted PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Tower Real Estate Investment Trust ranks #31 out of 554 companies for Cyclically Adjusted PB Ratio. This places Tower Real Estate Investment Trust in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. Tower Real Estate Investment Trust's value of 0.15 is 81.5% below this benchmark. Historically, Tower Real Estate Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.31 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.81, Tower Real Estate Investment Trust has consistently been below 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 0.81, based on 554 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. Tower Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.15 is 81.5% below 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 Tower Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tower Real Estate Investment Trust's current Cyclically Adjusted PB Ratio is 0.15, which is 17% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tower Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Tower Real Estate Investment Trust (XKLS:5111) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.27, compared to a current price of RM0.32 — trading 16.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.15, which is 17% below median its 10-year median of 0.18 and 81.5% below the REITs industry median of 0.81. Tower Real Estate Investment Trust's overall GF Score™ is 24/100 with 7 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 Tower Real Estate Investment Trust (XKLS:5111), the current Cyclically Adjusted PB Ratio is 0.15 as of Jul. 29, 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 Tower Real Estate Investment Trust (XKLS:5111) Overvalued in 2026?

Based on GuruFocus' analysis, Tower Real Estate Investment Trust stock appears to be overvalued. The current stock price of RM0.32 is trading 16.7% above its estimated GF Value™ of RM0.27. GuruFocus considers Tower Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for XKLS:5111:

  • Cyclically Adjusted PB Ratio: 0.15 (17% below median its 10-year median of 0.18)
  • GF Value™: RM0.27 vs. price of RM0.32 (16.7% above fair value)
  • GF Score™: 24/100 with 7 warning signs
  • Industry Position: 81.5% below the REITs median (#31 of 554)

No single metric tells the full story. See the XKLS:5111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tower Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address No. 6, Jalan Damanlela, Level 13, Menara Guoco, Bukit Damansara, Damansara City, Kuala Lumpur, SGR, MYS, 50490
Tower Real Estate Investment Trust is a real estate investment trust engaged in owning and investing in commercial office buildings and other prime real estate assets. The trust focuses on generating stable and regular income distributions for its unitholders while seeking medium to long-term growth in net asset value. It holds a portfolio of high-quality office and commercial properties, located mainly in strategic urban areas. The business model centers on leasing these properties to a diverse range of tenants, including multinational corporations and emerging businesses. Tower REIT only has one reportable segment, i.e. leasing of investment properties. The majority source of revenue for the company is through the rental income.
24GF Score

Get the complete analysis for XKLS:5111

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

RM0.32
Price
RM0.27
GF Value