AmanahRaya Real Estate Investment Trust (XKLS:5127) Cyclically Adjusted PB Ratio: 0.25 (As of Aug. 02, 2026) — 17% Below Median

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XKLS:5127 AmanahRaya Real Estate Investment Trust XKLS:5127
34 GF Score
Price RM0.39
GF Value RM0.44
Valuation Modestly Undervalued
! 11 Warning Signs
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What is AmanahRaya Real Estate Investment Trust Cyclically Adjusted PB Ratio?

AmanahRaya Real Estate Investment Trust XKLS:5127 -1.28% 34 Cyclically Adjusted PB Ratio is 0.25 as of Aug. 02, 2026, which is 17% below its 10-year median of 0.30. GuruFocus rates XKLS:5127 with a GF Score™ of 34/100 and a GF Value™ of RM0.44 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 554 REITs companies, AmanahRaya Real Estate Investment Trust ranks better than 89.17% on this metric.

As of today (2026-08-02), AmanahRaya Real Estate Investment Trust's current share price is RM0.385. AmanahRaya Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.55. AmanahRaya Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.25.

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

XKLS:5127' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.3   Max: 0.55
Current: 0.26

During the past years, AmanahRaya Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 0.55. The lowest was 0.20. And the median was 0.30.

XKLS:5127's Cyclically Adjusted PB Ratio is ranked better than
89.17% of 554 companies
in the REITs industry
Industry Median: 0.81 vs XKLS:5127: 0.26

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.

AmanahRaya Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.257. 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 RM1.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AmanahRaya Real Estate Investment Trust  (XKLS:5127) 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.


AmanahRaya Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


AmanahRaya Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AmanahRaya 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.

AmanahRaya Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

AmanahRaya Real Estate Investment Trust 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 0.48 0.40 0.26 0.26 0.22

AmanahRaya 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 0.26 0.26 0.24 0.22 0.21

XKLS:5127 vs VICI, WPC, BNL: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, AmanahRaya 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.


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

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

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


XKLS:5127
34GF Score
AmanahRaya Real Estate Investment Trust XKLS:5127
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AmanahRaya 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.

AmanahRaya 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
=0.385/1.55
=0.25

* 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.

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

For example, AmanahRaya 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)
=1.257/330.2130*330.2130
=1.257

Current CPI (Mar. 2026) = 330.2130.

AmanahRaya Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.187 241.018 1.626
201609 1.187 241.428 1.624
201612 1.197 241.432 1.637
201703 1.197 243.801 1.621
201706 1.197 244.955 1.614
201709 1.198 246.819 1.603
201712 1.271 246.524 1.702
201803 1.389 249.554 1.838
201806 1.397 251.989 1.831
201809 1.392 252.439 1.821
201812 1.352 251.233 1.777
201903 1.364 254.202 1.772
201906 1.354 256.143 1.746
201909 1.355 256.759 1.743
201912 1.355 256.974 1.741
202003 1.354 258.115 1.732
202006 1.361 257.797 1.743
202009 1.355 260.280 1.719
202012 1.303 260.474 1.652
202103 1.318 264.877 1.643
202106 1.304 271.696 1.585
202109 1.321 274.310 1.590
202112 1.301 278.802 1.541
202203 1.308 287.504 1.502
202206 1.297 296.311 1.445
202209 1.306 296.808 1.453
202212 1.284 296.797 1.429
202303 1.289 301.836 1.410
202306 1.275 305.109 1.380
202309 1.277 307.789 1.370
202312 1.266 306.746 1.363
202403 1.270 312.332 1.343
202406 1.269 314.175 1.334
202409 1.274 315.301 1.334
202412 1.260 315.605 1.318
202503 1.272 319.799 1.313
202506 1.259 322.561 1.289
202509 1.264 324.800 1.285
202512 1.252 324.054 1.276
202603 1.257 330.213 1.257

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 0.25 mean?
AmanahRaya Real Estate Investment Trust (XKLS:5127) has a Cyclically Adjusted PB Ratio of 0.25 as of Aug. 02, 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 AmanahRaya Real Estate Investment Trust and its competitors. This is 17% below median its historical median of 0.30. Over the past decade, AmanahRaya Real Estate Investment Trust's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.55. According to the industry distribution chart, AmanahRaya Real Estate Investment Trust ranks #60 out of 554 companies in the REITs industry, placing it in the top 10.8%.
Is AmanahRaya Real Estate Investment Trust's Cyclically Adjusted PB Ratio too high?
AmanahRaya Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.25 is 17% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.55. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. AmanahRaya Real Estate Investment Trust's value of 0.25 is 69.1% below this industry median. Based on the distribution chart, AmanahRaya Real Estate Investment Trust ranks #60 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, AmanahRaya Real Estate Investment Trust has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AmanahRaya Real Estate Investment Trust's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, AmanahRaya Real Estate Investment Trust ranks #60 out of 554 companies for Cyclically Adjusted PB Ratio. This places AmanahRaya Real Estate Investment Trust in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. AmanahRaya Real Estate Investment Trust's value of 0.25 is 69.1% below this benchmark. Historically, AmanahRaya Real Estate Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.55 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.81, AmanahRaya 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. AmanahRaya Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.25 is 69.1% 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 AmanahRaya 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. AmanahRaya Real Estate Investment Trust's current Cyclically Adjusted PB Ratio is 0.25, which is 17% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AmanahRaya Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, AmanahRaya Real Estate Investment Trust (XKLS:5127) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.44, compared to a current price of RM0.39 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 17% below median its 10-year median of 0.30 and 69.1% below the REITs industry median of 0.81. AmanahRaya Real Estate Investment Trust's overall GF Score™ is 34/100 with 11 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 AmanahRaya Real Estate Investment Trust (XKLS:5127), the current Cyclically Adjusted PB Ratio is 0.25 as of Aug. 02, 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 AmanahRaya Real Estate Investment Trust (XKLS:5127) Overvalued in 2026?

Based on GuruFocus' analysis, AmanahRaya Real Estate Investment Trust stock appears to be undervalued. The current stock price of RM0.39 is trading 12.5% below its estimated GF Value™ of RM0.44. GuruFocus considers AmanahRaya Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for XKLS:5127:

  • Cyclically Adjusted PB Ratio: 0.25 (17% below median its 10-year median of 0.30)
  • GF Value™: RM0.44 vs. price of RM0.39 (12.5% below fair value)
  • GF Score™: 34/100 with 11 warning signs
  • Industry Position: 69.1% below the REITs median (#60 of 554)

No single metric tells the full story. See the XKLS:5127 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AmanahRaya Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address 348 Jalan Tun Razak, The Intermark, Level 46, Vista Tower, Kuala Lumpur, SGR, MYS, 50400
AmanahRaya Real Estate Investment Trust owns a diverse portfolio of real estate properties and real estate-related assets, including hotels, industrial, education, and office properties. Its objective is to achieve an attractive level of return from rental income and long-term capital growth. The company solely operates in Malaysia. The company's office properties add up to the highest Fair market value in its portfolio, followed by Education properties.
34GF Score

Get the complete analysis for XKLS:5127

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

RM0.39
Price
RM0.44
GF Value