Hektar Real Estate Investment Trust (XKLS:5121) Cyclically Adjusted PS Ratio: 1.53 (As of Jul. 22, 2026) — 14% Below Median

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XKLS:5121 Hektar Real Estate Investment Trust XKLS:5121
37 GF Score
Price RM0.46
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?

Hektar Real Estate Investment Trust XKLS:5121 +2.22% 37 Cyclically Adjusted PS Ratio is 1.53 as of Jul. 22, 2026, which is 14% below its 10-year median of 1.78. GuruFocus rates XKLS:5121 with a GF Score™ of 37/100 and a GF Value™ of RM0.46 (Fairly Valued). The stock has 11 warning signs investors should review. Among 552 REITs companies, Hektar Real Estate Investment Trust ranks better than 89.67% on this metric.

As of today (2026-07-22), Hektar Real Estate Investment Trust's current share price is RM0.46. Hektar Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.30. Hektar Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 1.53.

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

XKLS:5121' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.78   Max: 2.45
Current: 1.51

During the past years, Hektar Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 2.45. The lowest was 1.35. And the median was 1.78.

XKLS:5121's Cyclically Adjusted PS Ratio is ranked better than
89.67% of 552 companies
in the REITs industry
Industry Median: 5.905 vs XKLS:5121: 1.51

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.

Hektar Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 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 RM0.30 for the trailing ten years ended in Mar. 2026.

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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.55 1.40 1.45 1.46 1.46

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
37GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.46/0.30
=1.53

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.044/330.2130*330.2130
=0.044

Current CPI (Mar. 2026) = 330.2130.

Hektar Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.076 241.018 0.104
201609 0.075 241.428 0.103
201612 0.076 241.432 0.104
201703 0.075 243.801 0.102
201706 0.077 244.955 0.104
201709 0.075 246.819 0.100
201712 0.072 246.524 0.096
201803 0.074 249.554 0.098
201806 0.073 251.989 0.096
201809 0.072 252.439 0.094
201812 0.073 251.233 0.096
201903 0.072 254.202 0.094
201906 0.075 256.143 0.097
201909 0.074 256.759 0.095
201912 0.075 256.974 0.096
202003 0.066 258.115 0.084
202006 0.053 257.797 0.068
202009 0.056 260.280 0.071
202012 0.065 260.474 0.082
202103 0.058 264.877 0.072
202106 0.056 271.696 0.068
202109 0.041 274.310 0.049
202112 0.054 278.802 0.064
202203 0.062 287.504 0.071
202206 0.062 296.311 0.069
202209 0.066 296.808 0.073
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 0.060
202312 0.055 306.746 0.059
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 0.046
202503 0.044 319.799 0.045
202506 0.045 322.561 0.046
202509 0.044 324.800 0.045
202512 0.043 324.054 0.044
202603 0.044 330.213 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 1.53 mean?
Hektar Real Estate Investment Trust (XKLS:5121) has a Cyclically Adjusted PS Ratio of 1.53 as of Jul. 22, 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 Hektar Real Estate Investment Trust and its competitors. This is 14% below median its historical median of 1.78. Over the past decade, Hektar Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.45. According to the industry distribution chart, Hektar Real Estate Investment Trust ranks #57 out of 552 companies in the REITs industry, placing it in the top 10.3%.
Is Hektar Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
Hektar Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 1.53 is 14% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.45. The REITs industry median Cyclically Adjusted PS Ratio is 5.91. Hektar Real Estate Investment Trust's value of 1.53 is 74.1% below this industry median. Based on the distribution chart, Hektar Real Estate Investment Trust ranks #57 out of 552 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hektar Real Estate Investment Trust has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hektar Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, Hektar Real Estate Investment Trust ranks #57 out of 552 companies for Cyclically Adjusted PS Ratio. This places Hektar Real Estate Investment Trust in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.91. Hektar Real Estate Investment Trust's value of 1.53 is 74.1% below this benchmark. Historically, Hektar Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.45 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 5.91, Hektar 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.91, based on 552 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. Hektar Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 1.53 is 74.1% 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 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 Hektar Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hektar Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 1.53, which is 14% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hektar Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Hektar Real Estate Investment Trust (XKLS:5121) is currently considered Fairly Valued. The stock's GF Value™ is RM0.46, compared to a current price of RM0.46 — trading right at its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.53, which is 14% below median its 10-year median of 1.78 and 74.1% below the REITs industry median of 5.91. Hektar Real Estate Investment Trust's overall GF Score™ is 37/100 with 11 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 Hektar Real Estate Investment Trust (XKLS:5121), the current Cyclically Adjusted PS Ratio is 1.53 as of Jul. 22, 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 Hektar Real Estate Investment Trust (XKLS:5121) Overvalued in 2026?

Based on GuruFocus' analysis, Hektar Real Estate Investment Trust stock appears to be undervalued. The current stock price of RM0.46 is trading 0% below 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: 1.53 (14% below median its 10-year median of 1.78)
  • GF Value™: RM0.46 vs. price of RM0.46 (0% below fair value)
  • GF Score™: 37/100 with 11 warning signs
  • Industry Position: 74.1% below the REITs median (#57 of 552)

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.
37GF 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.

RM0.46
Price
RM0.46
GF Value