Hektar Real Estate Investment Trust (XKLS:5121) Cyclically Adjusted PS Ratio: (As of Aug. 21, 2026)

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XKLS:5121 Hektar Real Estate Investment Trust XKLS:5121
38 GF Score
Price RM0.48
GF Value RM0.46
Valuation Fairly Valued
! 11 Warning Signs
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What is Hektar Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hektar Real Estate Investment Trust  (XKLS:5121) 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.


Hektar Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


Hektar Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hektar 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.

Hektar Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Hektar 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 1.57 2.12 1.99 1.76 1.46

Hektar 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 1.40 1.45 1.46 1.46 0.00

XKLS:5121 vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Hektar 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.


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

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

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


XKLS:5121
38GF Score
Hektar Real Estate Investment Trust XKLS:5121
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hektar 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.

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

For example, Hektar 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)
=0.045/333.9520*333.9520
=0.045

Current CPI (Jun. 2026) = 333.9520.

Hektar Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.075 241.428 0.104
201612 0.076 241.432 0.105
201703 0.075 243.801 0.103
201706 0.077 244.955 0.105
201709 0.075 246.819 0.101
201712 0.072 246.524 0.098
201803 0.074 249.554 0.099
201806 0.073 251.989 0.097
201809 0.072 252.439 0.095
201812 0.073 251.233 0.097
201903 0.072 254.202 0.095
201906 0.075 256.143 0.098
201909 0.074 256.759 0.096
201912 0.075 256.974 0.097
202003 0.066 258.115 0.085
202006 0.053 257.797 0.069
202009 0.056 260.280 0.072
202012 0.065 260.474 0.083
202103 0.058 264.877 0.073
202106 0.056 271.696 0.069
202109 0.041 274.310 0.050
202112 0.054 278.802 0.065
202203 0.062 287.504 0.072
202206 0.062 296.311 0.070
202209 0.066 296.808 0.074
202212 0.059 296.797 0.066
202303 0.061 301.836 0.067
202306 0.055 305.109 0.060
202309 0.056 307.789 0.061
202312 0.055 306.746 0.060
202403 0.048 312.332 0.051
202406 0.052 314.175 0.055
202409 0.042 315.301 0.044
202412 0.044 315.605 0.047
202503 0.044 319.799 0.046
202506 0.045 322.561 0.047
202509 0.044 324.800 0.045
202512 0.043 324.054 0.044
202603 0.044 330.213 0.044
202606 0.045 333.952 0.045

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.

Is Hektar Real Estate Investment Trust (XKLS:5121) Overvalued in 2026?

Based on GuruFocus' analysis, Hektar Real Estate Investment Trust stock appears to be overvalued. The current stock price of RM0.48 is trading 4.3% above its estimated GF Value™ of RM0.46. GuruFocus considers Hektar Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for XKLS:5121:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: RM0.46 vs. price of RM0.48 (4.3% above fair value)
  • GF Score™: 38/100 with 11 warning signs

No single metric tells the full story. See the XKLS:5121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hektar Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address No 1, Jalan Dutamas 1, D1-U3-10, Block D1, Solaris Dutamas, Sri Hartamas, Kuala Lumpur, MYS, 50480
Hektar Real Estate Investment Trust is a retail-focused REIT. Hektar REIT's principal objective is to provide its Unitholders with defensible income distribution and to enhance the long-term value of the fund. It invests in income-producing real estate used for retail purposes. Its reportable segments include: Retail and Education, of which Retail segment derives maximum revenue. Hektar REIT's portfolio currently consists of shopping centers situated in Subang Jaya, Melaka, Muar, Sungai Petani, Segamat, and Kulim.
38GF Score

Get the complete analysis for XKLS:5121

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

RM0.48
Price
RM0.46
GF Value