Al-Salam Real Estate Investment Trust (XKLS:5269) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 01, 2026) — 31% Above Median

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XKLS:5269 Al-Salam Real Estate Investment Trust XKLS:5269
43 GF Score
Price RM0.60
GF Value RM0.49
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Al-Salam Real Estate Investment Trust Cyclically Adjusted PB Ratio?

Al-Salam Real Estate Investment Trust XKLS:5269 -0.83% 43 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 01, 2026, which is 31% above its 10-year median of 0.35. GuruFocus rates XKLS:5269 with a GF Score™ of 43/100 and a GF Value™ of RM0.49 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 554 REITs companies, Al-Salam Real Estate Investment Trust ranks better than 75.99% on this metric.

As of today (2026-08-01), Al-Salam Real Estate Investment Trust's current share price is RM0.595. Al-Salam Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was RM1.28. Al-Salam Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.46.

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

XKLS:5269' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.35   Max: 0.46
Current: 0.46

During the past years, Al-Salam Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 0.46. The lowest was 0.27. And the median was 0.35.

XKLS:5269's Cyclically Adjusted PB Ratio is ranked better than
75.99% of 554 companies
in the REITs industry
Industry Median: 0.81 vs XKLS:5269: 0.46

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.

Al-Salam Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2026 was RM1.128. 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 RM1.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Al-Salam Real Estate Investment Trust  (XKLS:5269) 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.


Al-Salam Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


Al-Salam Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Al-Salam 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.

Al-Salam Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Al-Salam 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 0.00 0.00 0.00 0.30 0.39

Al-Salam 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 0.29 0.31 0.38 0.39 0.35

XKLS:5269 vs VICI, WPC, BNL: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Al-Salam 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.


Al-Salam Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


XKLS:5269
43GF Score
Al-Salam Real Estate Investment Trust XKLS:5269
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al-Salam 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.

Al-Salam 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
=0.595/1.28
=0.46

* 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.

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

For example, Al-Salam 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)
=1.128/330.2130*330.2130
=1.128

Current CPI (Mar. 2026) = 330.2130.

Al-Salam Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.027 241.018 1.407
201609 1.018 241.428 1.392
201612 1.055 241.432 1.443
201703 1.055 243.801 1.429
201706 1.053 244.955 1.420
201709 1.039 246.819 1.390
201712 1.063 246.524 1.424
201803 1.045 249.554 1.383
201806 1.048 251.989 1.373
201809 1.053 252.439 1.377
201812 1.071 251.233 1.408
201903 1.063 254.202 1.381
201906 1.065 256.143 1.373
201909 1.068 256.759 1.374
201912 1.076 256.974 1.383
202003 1.065 258.115 1.362
202006 1.070 257.797 1.371
202009 1.080 260.280 1.370
202012 1.030 260.474 1.306
202103 1.027 264.877 1.280
202106 1.032 271.696 1.254
202109 1.040 274.310 1.252
202112 1.018 278.802 1.206
202203 1.008 287.504 1.158
202206 1.016 296.311 1.132
202209 1.019 296.808 1.134
202212 1.103 296.797 1.227
202303 1.094 301.836 1.197
202306 1.100 305.109 1.191
202309 1.096 307.789 1.176
202312 1.114 306.746 1.199
202403 1.118 312.332 1.182
202406 1.118 314.175 1.175
202409 1.119 315.301 1.172
202412 1.118 315.605 1.170
202503 1.121 319.799 1.158
202506 1.121 322.561 1.148
202509 1.122 324.800 1.141
202512 1.124 324.054 1.145
202603 1.128 330.213 1.128

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 0.46 mean?
Al-Salam Real Estate Investment Trust (XKLS:5269) has a Cyclically Adjusted PB Ratio of 0.46 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 Al-Salam Real Estate Investment Trust and its competitors. This is 31% above median its historical median of 0.35. Over the past decade, Al-Salam Real Estate Investment Trust's Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.46. According to the industry distribution chart, Al-Salam Real Estate Investment Trust ranks #133 out of 554 companies in the REITs industry, placing it in the top 24%.
Is Al-Salam Real Estate Investment Trust's Cyclically Adjusted PB Ratio too high?
Al-Salam Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.46 is 31% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.46. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Al-Salam Real Estate Investment Trust's value of 0.46 is 43.2% below this industry median. Based on the distribution chart, Al-Salam Real Estate Investment Trust ranks #133 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Al-Salam Real Estate Investment Trust has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al-Salam Real Estate Investment Trust's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Al-Salam Real Estate Investment Trust ranks #133 out of 554 companies for Cyclically Adjusted PB Ratio. This places Al-Salam Real Estate Investment Trust in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. Al-Salam Real Estate Investment Trust's value of 0.46 is 43.2% below this benchmark. Historically, Al-Salam Real Estate Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.46 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.81, Al-Salam 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. Al-Salam Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.46 is 43.2% 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 Al-Salam 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. Al-Salam Real Estate Investment Trust's current Cyclically Adjusted PB Ratio is 0.46, which is 31% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al-Salam Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Al-Salam Real Estate Investment Trust (XKLS:5269) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.49, compared to a current price of RM0.60 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 31% above median its 10-year median of 0.35 and 43.2% below the REITs industry median of 0.81. Al-Salam Real Estate Investment Trust's overall GF Score™ is 43/100 with 9 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 Al-Salam Real Estate Investment Trust (XKLS:5269), the current Cyclically Adjusted PB Ratio is 0.46 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 Al-Salam Real Estate Investment Trust (XKLS:5269) Overvalued in 2026?

Based on GuruFocus' analysis, Al-Salam Real Estate Investment Trust stock appears to be overvalued. The current stock price of RM0.60 is trading 21.4% above its estimated GF Value™ of RM0.49. GuruFocus considers Al-Salam Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for XKLS:5269:

  • Cyclically Adjusted PB Ratio: 0.46 (31% above median its 10-year median of 0.35)
  • GF Value™: RM0.49 vs. price of RM0.60 (21.4% above fair value)
  • GF Score™: 43/100 with 9 warning signs
  • Industry Position: 43.2% below the REITs median (#133 of 554)

No single metric tells the full story. See the XKLS:5269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al-Salam Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address V SQUARE, Jalan Utara, Unit 1-19-02, Level 19, Block 1, Bandar Petaling Jaya, Petaling Jaya, SGR, MYS, 46200
Al-Salam Real Estate Investment Trust is an Islamic REIT (Real Estate Investment Trust) based in Malaysia. The principal activity of the trust is investing in Shariah-compliant properties. Its segments include retail outlets, which generate maximum revenue, office buildings, food and beverage (F&B) properties comprising restaurants, industrial and other properties, and other segments comprising fund-level operations. The Fund's key objective is to provide unitholders with regular and stable income distributions, sustainable long-term unit prices, and growth in distributable income and capital while maintaining an appropriate capital structure. The Fund operates solely in Malaysia.
43GF Score

Get the complete analysis for XKLS:5269

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

RM0.60
Price
RM0.49
GF Value