AmanahRaya Real Estate Investment Trust (XKLS:5127) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:5127 AmanahRaya Real Estate Investment Trust XKLS:5127
34 GF Score
Price RM0.37
GF Value RM0.44
Valuation Modestly Undervalued
! 8 Warning Signs
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What is AmanahRaya Real Estate Investment Trust Cyclically Adjusted PB Ratio?

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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.24 0.22 0.21 0.00

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, AmanahRaya Real Estate Investment Trust's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.259/333.9520*333.9520
=1.259

Current CPI (Jun. 2026) = 333.9520.

AmanahRaya Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.187 241.428 1.642
201612 1.197 241.432 1.656
201703 1.197 243.801 1.640
201706 1.197 244.955 1.632
201709 1.198 246.819 1.621
201712 1.271 246.524 1.722
201803 1.389 249.554 1.859
201806 1.397 251.989 1.851
201809 1.392 252.439 1.841
201812 1.352 251.233 1.797
201903 1.364 254.202 1.792
201906 1.354 256.143 1.765
201909 1.355 256.759 1.762
201912 1.355 256.974 1.761
202003 1.354 258.115 1.752
202006 1.361 257.797 1.763
202009 1.355 260.280 1.739
202012 1.303 260.474 1.671
202103 1.318 264.877 1.662
202106 1.304 271.696 1.603
202109 1.321 274.310 1.608
202112 1.301 278.802 1.558
202203 1.308 287.504 1.519
202206 1.297 296.311 1.462
202209 1.306 296.808 1.469
202212 1.284 296.797 1.445
202303 1.289 301.836 1.426
202306 1.275 305.109 1.396
202309 1.277 307.789 1.386
202312 1.266 306.746 1.378
202403 1.270 312.332 1.358
202406 1.269 314.175 1.349
202409 1.274 315.301 1.349
202412 1.260 315.605 1.333
202503 1.272 319.799 1.328
202506 1.259 322.561 1.303
202509 1.264 324.800 1.300
202512 1.252 324.054 1.290
202603 1.257 330.213 1.271
202606 1.259 333.952 1.259

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.

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 RM0.37 is trading 17% 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:
  • GF Value™: RM0.44 vs. price of RM0.37 (17% below fair value)
  • GF Score™: 34/100 with 8 warning signs

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.

RM0.37
Price
RM0.44
GF Value