CapitaLand Malaysia Trust (XKLS:5180) Cyclically Adjusted PB Ratio: 0.44 (As of Aug. 01, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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XKLS:5180 CapitaLand Malaysia Trust XKLS:5180
51 GF Score
Price RM0.62
GF Value RM0.61
Valuation Fairly Valued
! 6 Warning Signs
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What is CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio?

CapitaLand Malaysia Trust XKLS:5180 51 Cyclically Adjusted PB Ratio is 0.44 as of Aug. 01, 2026, which is at its 10-year median of 0.44. GuruFocus rates XKLS:5180 with a GF Score™ of 51/100 and a GF Value™ of RM0.61 (Fairly Valued). The stock has 6 warning signs investors should review. Among 554 REITs companies, CapitaLand Malaysia Trust ranks better than 77.8% on this metric.

As of today (2026-08-01), CapitaLand Malaysia Trust's current share price is RM0.615. CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was RM1.39. CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio for today is 0.44.

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

XKLS:5180' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.44   Max: 0.51
Current: 0.44

During the past years, CapitaLand Malaysia Trust's highest Cyclically Adjusted PB Ratio was 0.51. The lowest was 0.34. And the median was 0.44.

XKLS:5180's Cyclically Adjusted PB Ratio is ranked better than
77.8% of 554 companies
in the REITs industry
Industry Median: 0.81 vs XKLS:5180: 0.44

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.

CapitaLand Malaysia Trust's adjusted book value per share data for the three months ended in Jun. 2026 was RM0.960. 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 RM1.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Malaysia Trust  (XKLS:5180) 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.


CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Related Terms


CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CapitaLand Malaysia 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.

CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio Chart

CapitaLand Malaysia 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 0.40 0.36 0.38 0.47 0.45

CapitaLand Malaysia 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 0.45 0.43 0.45 0.43 0.44

XKLS:5180 vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, CapitaLand Malaysia 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.


CapitaLand Malaysia Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio falls into.


XKLS:5180
51GF Score
CapitaLand Malaysia Trust XKLS:5180
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Malaysia 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.

CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.615/1.39
=0.44

* 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.

CapitaLand Malaysia Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CapitaLand Malaysia 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)
=0.96/333.9520*333.9520
=0.960

Current CPI (Jun. 2026) = 333.9520.

CapitaLand Malaysia Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.303 241.428 1.802
201612 1.322 241.432 1.829
201703 1.300 243.801 1.781
201706 1.314 244.955 1.791
201709 1.292 246.819 1.748
201712 1.319 246.524 1.787
201803 1.297 249.554 1.736
201806 1.312 251.989 1.739
201809 1.288 252.439 1.704
201812 1.304 251.233 1.733
201903 1.282 254.202 1.684
201906 1.277 256.143 1.665
201909 1.257 256.759 1.635
201912 1.268 256.974 1.648
202003 1.247 258.115 1.613
202006 1.247 257.797 1.615
202009 1.260 260.280 1.617
202012 1.184 260.474 1.518
202103 1.155 264.877 1.456
202106 1.160 271.696 1.426
202109 1.147 274.310 1.396
202112 1.122 278.802 1.344
202203 1.116 287.504 1.296
202206 1.126 296.311 1.269
202209 1.103 296.808 1.241
202212 1.096 296.797 1.233
202303 0.971 301.836 1.074
202306 0.977 305.109 1.069
202309 0.969 307.789 1.051
202312 1.002 306.746 1.091
202403 0.978 312.332 1.046
202406 0.989 314.175 1.051
202409 0.971 315.301 1.028
202412 1.001 315.605 1.059
202503 0.987 319.799 1.031
202506 0.998 322.561 1.033
202509 0.934 324.800 0.960
202512 0.956 324.054 0.985
202603 0.947 330.213 0.958
202606 0.960 333.952 0.960

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 0.44 mean?
CapitaLand Malaysia Trust (XKLS:5180) has a Cyclically Adjusted PB Ratio of 0.44 as of Aug. 01, 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 CapitaLand Malaysia Trust and its competitors. This is near median its historical median of 0.44. Over the past decade, CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio has ranged from 0.34 to 0.51. According to the industry distribution chart, CapitaLand Malaysia Trust ranks #123 out of 554 companies in the REITs industry, placing it in the top 22.2%.
Is CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio too high?
CapitaLand Malaysia Trust's current Cyclically Adjusted PB Ratio of 0.44 is near median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.51. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. CapitaLand Malaysia Trust's value of 0.44 is 45.7% below this industry median. Based on the distribution chart, CapitaLand Malaysia Trust ranks #123 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, CapitaLand Malaysia Trust has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Malaysia Trust's Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, CapitaLand Malaysia Trust ranks #123 out of 554 companies for Cyclically Adjusted PB Ratio. This places CapitaLand Malaysia Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. CapitaLand Malaysia Trust's value of 0.44 is 45.7% below this benchmark. Historically, CapitaLand Malaysia Trust's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 0.51 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.81, CapitaLand Malaysia 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. CapitaLand Malaysia Trust's current Cyclically Adjusted PB Ratio of 0.44 is 45.7% 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 CapitaLand Malaysia 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. CapitaLand Malaysia Trust's current Cyclically Adjusted PB Ratio is 0.44, which is near median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Malaysia Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Malaysia Trust (XKLS:5180) is currently considered Fairly Valued. The stock's GF Value™ is RM0.61, compared to a current price of RM0.62 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.44, which is near median its 10-year median of 0.44 and 45.7% below the REITs industry median of 0.81. CapitaLand Malaysia Trust's overall GF Score™ is 51/100 with 6 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 CapitaLand Malaysia Trust (XKLS:5180), the current Cyclically Adjusted PB Ratio is 0.44 as of Aug. 01, 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 CapitaLand Malaysia Trust (XKLS:5180) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Malaysia Trust stock appears to be overvalued. The current stock price of RM0.62 is trading 0.8% above its estimated GF Value™ of RM0.61. GuruFocus considers CapitaLand Malaysia Trust to be Fairly Valued.

Key valuation signals for XKLS:5180:

  • Cyclically Adjusted PB Ratio: 0.44 (near median its 10-year median of 0.44)
  • GF Value™: RM0.61 vs. price of RM0.62 (0.8% above fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 45.7% below the REITs median (#123 of 554)

No single metric tells the full story. See the XKLS:5180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CapitaLand Malaysia Trust Business Description

Industry Real EstateREITs
Address No. 10, Persiaran KLCC, Unit No. 1-27, Level 27, Naza Tower, Kuala Lumpur, MYS, 50088
CapitaLand Malaysia Trust is a property investment trust that focuses on retail properties in Malaysia. Its principal activity is to invest, on a long-term basis, in a portfolio of income-producing real estate that is used for retail, commercial, office, and industrial purposes, or such other non-real estate investments. Its portfolio of assets includes six retail and nine industrial and logistics properties located across four key urban centres: Penang, Klang Valley, the East Coast (Kuantan, Pahang), and Johor.
51GF Score

Get the complete analysis for XKLS:5180

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

RM0.62
Price
RM0.61
GF Value