IGB Real Estate Investment Trust (XKLS:5227) Cyclically Adjusted PS Ratio: 14.42 (As of Jul. 24, 2026) — 34% Above Median

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XKLS:5227 IGB Real Estate Investment Trust XKLS:5227
86 GF Score
Price RM2.74
GF Value RM2.77
Valuation Fairly Valued
! 2 Warning Signs
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What is IGB Real Estate Investment Trust Cyclically Adjusted PS Ratio?

IGB Real Estate Investment Trust XKLS:5227 +1.11% 86 Cyclically Adjusted PS Ratio is 14.42 as of Jul. 24, 2026, which is 34% above its 10-year median of 10.76. GuruFocus rates XKLS:5227 with a GF Score™ of 86/100 and a GF Value™ of RM2.77 (Fairly Valued). The stock has 2 warning signs investors should review. Among 551 REITs companies, IGB Real Estate Investment Trust ranks worse than 92.92% on this metric.

As of today (2026-07-24), IGB Real Estate Investment Trust's current share price is RM2.74. IGB Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was RM0.19. IGB Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 14.42.

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

XKLS:5227' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.2   Med: 10.76   Max: 17.56
Current: 14.74

During the past years, IGB Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 17.56. The lowest was 9.20. And the median was 10.76.

XKLS:5227's Cyclically Adjusted PS Ratio is ranked worse than
92.92% of 551 companies
in the REITs industry
Industry Median: 5.89 vs XKLS:5227: 14.74

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.

IGB Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was RM0.056. 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 RM0.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IGB Real Estate Investment Trust  (XKLS:5227) 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.


IGB Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


IGB Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IGB 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.

IGB Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

IGB 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 10.90 10.05 10.12 12.27 15.25

IGB 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 14.30 15.56 15.25 15.07 14.85

XKLS:5227 vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, IGB 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.


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

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

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


XKLS:5227
86GF Score
IGB Real Estate Investment Trust XKLS:5227
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IGB 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.

IGB 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
=2.74/0.19
=14.42

* 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.

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

For example, IGB 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)
=0.056/333.9520*333.9520
=0.056

Current CPI (Jun. 2026) = 333.9520.

IGB Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.036 241.428 0.050
201612 0.036 241.432 0.050
201703 0.038 243.801 0.052
201706 0.036 244.955 0.049
201709 0.037 246.819 0.050
201712 0.038 246.524 0.051
201803 0.039 249.554 0.052
201806 0.036 251.989 0.048
201809 0.038 252.439 0.050
201812 0.039 251.233 0.052
201903 0.040 254.202 0.053
201906 0.038 256.143 0.050
201909 0.038 256.759 0.049
201912 0.039 256.974 0.051
202003 0.035 258.115 0.045
202006 0.017 257.797 0.022
202009 0.037 260.280 0.047
202012 0.041 260.474 0.053
202103 0.028 264.877 0.035
202106 0.024 271.696 0.029
202109 0.027 274.310 0.033
202112 0.024 278.802 0.029
202203 0.037 287.504 0.043
202206 0.037 296.311 0.042
202209 0.039 296.808 0.044
202212 0.041 296.797 0.046
202303 0.043 301.836 0.048
202306 0.039 305.109 0.043
202309 0.042 307.789 0.046
202312 0.044 306.746 0.048
202403 0.045 312.332 0.048
202406 0.042 314.175 0.045
202409 0.043 315.301 0.046
202412 0.044 315.605 0.047
202503 0.046 319.799 0.048
202506 0.044 322.561 0.046
202509 0.046 324.800 0.047
202512 0.056 324.054 0.058
202603 0.060 330.213 0.061
202606 0.056 333.952 0.056

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 14.42 mean?
IGB Real Estate Investment Trust (XKLS:5227) has a Cyclically Adjusted PS Ratio of 14.42 as of Jul. 24, 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 IGB Real Estate Investment Trust and its competitors. This is 34% above median its historical median of 10.76. Over the past decade, IGB Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 9.20 to 17.56. According to the industry distribution chart, IGB Real Estate Investment Trust ranks #512 out of 551 companies in the REITs industry, placing it in the top 92.9%.
Is IGB Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
IGB Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 14.42 is 34% above median its 10-year median of 10.76. Over the past 10 years, this metric has ranged from a low of 9.20 to a high of 17.56. The REITs industry median Cyclically Adjusted PS Ratio is 5.89. IGB Real Estate Investment Trust's value of 14.42 is 144.8% above this industry median. Based on the distribution chart, IGB Real Estate Investment Trust ranks #512 out of 551 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, IGB Real Estate Investment Trust has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, IGB Real Estate Investment Trust ranks #512 out of 551 companies for Cyclically Adjusted PS Ratio. This places IGB Real Estate Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.89. IGB Real Estate Investment Trust's value of 14.42 is 144.8% above this benchmark. Historically, IGB Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 9.20 to 17.56 over the past decade. While the company's 10-year median is 10.76 vs. the industry median of 5.89, IGB 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 551 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. IGB Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 14.42 is 144.8% 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 IGB 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. IGB Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 14.42, which is 34% above median its own 10-year median of 10.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, IGB Real Estate Investment Trust (XKLS:5227) is currently considered Fairly Valued. The stock's GF Value™ is RM2.77, compared to a current price of RM2.74 — trading 1.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 14.42, which is 34% above median its 10-year median of 10.76 and 144.8% above the REITs industry median of 5.89. IGB Real Estate Investment Trust's overall GF Score™ is 86/100 with 2 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 IGB Real Estate Investment Trust (XKLS:5227), the current Cyclically Adjusted PS Ratio is 14.42 as of Jul. 24, 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 IGB Real Estate Investment Trust (XKLS:5227) Overvalued in 2026?

Based on GuruFocus' analysis, IGB Real Estate Investment Trust stock appears to be undervalued. The current stock price of RM2.74 is trading 1.1% below its estimated GF Value™ of RM2.77. GuruFocus considers IGB Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for XKLS:5227:

  • Cyclically Adjusted PS Ratio: 14.42 (34% above median its 10-year median of 10.76)
  • GF Value™: RM2.77 vs. price of RM2.74 (1.1% below fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 144.8% above the REITs median (#512 of 551)

No single metric tells the full story. See the XKLS:5227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IGB Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, SGR, MYS, 59200
IGB Real Estate Investment Trust is a Malaysian retail property investment company. The company's portfolio includes retail properties and mixed-use developments which have a retail component. Properties are located both domestically and internationally. The company has two retail malls in its portfolio: MVM, which is the Mid Valley Megamall; and TGM, which refers to the Gardens Mall. MVM delivers more than twice as much revenue as TGM. The trust generates the majority of revenue from leasing its properties, in addition to service and promotional charges from tenants.
86GF Score

Get the complete analysis for XKLS:5227

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

RM2.74
Price
RM2.77
GF Value