Axis Real Estate Investment Trust (XKLS:5106) Cyclically Adjusted PS Ratio: 9.60 (As of Aug. 01, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:5106 Axis Real Estate Investment Trust XKLS:5106
81 GF Score
Price RM1.92
GF Value RM1.95
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Axis Real Estate Investment Trust XKLS:5106 -1.03% 81 Cyclically Adjusted PS Ratio is 9.60 as of Aug. 01, 2026, which is 4% below its 10-year median of 10.05. GuruFocus rates XKLS:5106 with a GF Score™ of 81/100 and a GF Value™ of RM1.95 (Fairly Valued). The stock has 7 warning signs investors should review. Among 546 REITs companies, Axis Real Estate Investment Trust ranks worse than 78.57% on this metric.

As of today (2026-08-01), Axis Real Estate Investment Trust's current share price is RM1.92. Axis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was RM0.20. Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 9.60.

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

XKLS:5106' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.95   Med: 10.05   Max: 14.06
Current: 9.52

During the past years, Axis Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 14.06. The lowest was 8.95. And the median was 10.05.

XKLS:5106's Cyclically Adjusted PS Ratio is ranked worse than
78.57% of 546 companies
in the REITs industry
Industry Median: 5.885 vs XKLS:5106: 9.52

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Axis Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was RM0.044. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is RM0.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axis Real Estate Investment Trust  (XKLS:5106) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Axis Real Estate Investment Trust's Cyclically Adjusted PS 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.

Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Axis Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.06 9.68 9.56 8.89 9.72

Axis 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 PS 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 9.87 10.34 9.72 9.58 10.11

XKLS:5106 vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

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


XKLS:5106
81GF Score
Axis Real Estate Investment Trust XKLS:5106
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Axis Real Estate Investment Trust Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.92/0.20
=9.60

* 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.

Axis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.044/333.9520*333.9520
=0.044

Current CPI (Jun. 2026) = 333.9520.

Axis Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.039 241.428 0.054
201612 0.039 241.432 0.054
201703 0.040 243.801 0.055
201706 0.039 244.955 0.053
201709 0.039 246.819 0.053
201712 0.027 246.524 0.037
201803 0.037 249.554 0.050
201806 0.039 251.989 0.052
201809 0.044 252.439 0.058
201812 0.050 251.233 0.066
201903 0.046 254.202 0.060
201906 0.044 256.143 0.057
201909 0.045 256.759 0.059
201912 0.039 256.974 0.051
202003 0.039 258.115 0.050
202006 0.040 257.797 0.052
202009 0.041 260.280 0.053
202012 0.041 260.474 0.053
202103 0.040 264.877 0.050
202106 0.043 271.696 0.053
202109 0.043 274.310 0.052
202112 0.039 278.802 0.047
202203 0.041 287.504 0.048
202206 0.045 296.311 0.051
202209 0.044 296.808 0.050
202212 0.044 296.797 0.050
202303 0.041 301.836 0.045
202306 0.039 305.109 0.043
202309 0.042 307.789 0.046
202312 0.044 306.746 0.048
202403 0.044 312.332 0.047
202406 0.044 314.175 0.047
202409 0.046 315.301 0.049
202412 0.048 315.605 0.051
202503 0.045 319.799 0.047
202506 0.045 322.561 0.047
202509 0.046 324.800 0.047
202512 0.045 324.054 0.046
202603 0.045 330.213 0.046
202606 0.044 333.952 0.044

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 9.60 mean?
Axis Real Estate Investment Trust (XKLS:5106) has a Cyclically Adjusted PS Ratio of 9.60 as of Aug. 01, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Axis Real Estate Investment Trust and its competitors. This is near median its historical median of 10.05. Over the past decade, Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 8.95 to 14.06. According to the industry distribution chart, Axis Real Estate Investment Trust ranks #429 out of 546 companies in the REITs industry, placing it in the top 78.6%.
Is Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
Axis Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 9.60 is near median its 10-year median of 10.05. Over the past 10 years, this metric has ranged from a low of 8.95 to a high of 14.06. The REITs industry median Cyclically Adjusted PS Ratio is 5.89. Axis Real Estate Investment Trust's value of 9.60 is 63.1% above this industry median. Based on the distribution chart, Axis Real Estate Investment Trust ranks #429 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Axis Real Estate Investment Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axis Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Axis Real Estate Investment Trust ranks #429 out of 546 companies for Cyclically Adjusted PS Ratio. This places Axis Real Estate Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.89. Axis Real Estate Investment Trust's value of 9.60 is 63.1% above this benchmark. Historically, Axis Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 8.95 to 14.06 over the past decade. While the company's 10-year median is 10.05 vs. the industry median of 5.89, Axis Real Estate Investment Trust has consistently been above 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.89, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axis Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 9.60 is 63.1% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Axis Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axis Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 9.60, which is near median its own 10-year median of 10.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axis Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Axis Real Estate Investment Trust (XKLS:5106) is currently considered Fairly Valued. The stock's GF Value™ is RM1.95, compared to a current price of RM1.92 — trading 1.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.60, which is near median its 10-year median of 10.05 and 63.1% above the REITs industry median of 5.89. Axis Real Estate Investment Trust's overall GF Score™ is 81/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Axis Real Estate Investment Trust (XKLS:5106), the current Cyclically Adjusted PS Ratio is 9.60 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 Axis Real Estate Investment Trust (XKLS:5106) Overvalued in 2026?

Based on GuruFocus' analysis, Axis Real Estate Investment Trust stock appears to be undervalued. The current stock price of RM1.92 is trading 1.5% below its estimated GF Value™ of RM1.95. GuruFocus considers Axis Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for XKLS:5106:

  • Cyclically Adjusted PS Ratio: 9.60 (near median its 10-year median of 10.05)
  • GF Value™: RM1.95 vs. price of RM1.92 (1.5% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 63.1% above the REITs median (#429 of 546)

No single metric tells the full story. See the XKLS:5106 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Axis Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address No. 2, Jalan 51A/223, Section 51A, Penthouse, Menara Axis, Petaling Jaya, SGR, MYS, 46100
Axis Real Estate Investment Trust owns and invests in industrial and office real estate. The fund currently has a diverse portfolio of properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah. The primary objectives of the Fund are to provide unitholders with a stable and growing distribution of income and to achieve long-term growth, in the net asset value per unit of the Fund.
81GF Score

Get the complete analysis for XKLS:5106

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

RM1.92
Price
RM1.95
GF Value