Al-Salam Real Estate Investment Trust (XKLS:5269) Cyclically Adjusted PS Ratio: 3.41 (As of Jul. 27, 2026) — 26% Above 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:5269 Al-Salam Real Estate Investment Trust XKLS:5269
44 GF Score
Price RM0.58
GF Value RM0.49
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Al-Salam Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Al-Salam Real Estate Investment Trust XKLS:5269 -0.85% 44 Cyclically Adjusted PS Ratio is 3.41 as of Jul. 27, 2026, which is 26% above its 10-year median of 2.71. GuruFocus rates XKLS:5269 with a GF Score™ of 44/100 and a GF Value™ of RM0.49 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 547 REITs companies, Al-Salam Real Estate Investment Trust ranks better than 69.65% on this metric.

As of today (2026-07-27), Al-Salam Real Estate Investment Trust's current share price is RM0.58. Al-Salam Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was RM0.17. Al-Salam Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 3.41.

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

XKLS:5269' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.13   Med: 2.71   Max: 3.49
Current: 3.49

During the past years, Al-Salam Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 3.49. The lowest was 2.13. And the median was 2.71.

XKLS:5269's Cyclically Adjusted PS Ratio is ranked better than
69.65% of 547 companies
in the REITs industry
Industry Median: 5.82 vs XKLS:5269: 3.49

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.

Al-Salam Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was RM0.039. 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 RM0.17 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 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.


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


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

* Premium members only.

The historical data trend for Al-Salam 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.

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

Al-Salam 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 0.00 0.00 0.00 2.43 2.97

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 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 2.34 2.42 2.90 2.97 2.68

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

For the REIT - Diversified subindustry, Al-Salam 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.


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

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

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


XKLS:5269
44GF Score
Al-Salam Real Estate Investment Trust XKLS:5269
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al-Salam 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.

Al-Salam 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
=0.58/0.17
=3.41

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

For example, Al-Salam 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)
=0.039/330.2130*330.2130
=0.039

Current CPI (Mar. 2026) = 330.2130.

Al-Salam Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.031 241.018 0.042
201609 0.034 241.428 0.047
201612 0.037 241.432 0.051
201703 0.034 243.801 0.046
201706 0.035 244.955 0.047
201709 0.034 246.819 0.045
201712 0.035 246.524 0.047
201803 0.033 249.554 0.044
201806 0.034 251.989 0.045
201809 0.035 252.439 0.046
201812 0.041 251.233 0.054
201903 0.037 254.202 0.048
201906 0.041 256.143 0.053
201909 0.041 256.759 0.053
201912 0.041 256.974 0.053
202003 0.039 258.115 0.050
202006 0.038 257.797 0.049
202009 0.037 260.280 0.047
202012 0.034 260.474 0.043
202103 0.032 264.877 0.040
202106 0.031 271.696 0.038
202109 0.030 274.310 0.036
202112 0.030 278.802 0.036
202203 0.029 287.504 0.033
202206 0.030 296.311 0.033
202209 0.031 296.808 0.034
202212 0.034 296.797 0.038
202303 0.033 301.836 0.036
202306 0.032 305.109 0.035
202309 0.034 307.789 0.036
202312 0.033 306.746 0.036
202403 0.034 312.332 0.036
202406 0.034 314.175 0.036
202409 0.033 315.301 0.035
202412 0.035 315.605 0.037
202503 0.037 319.799 0.038
202506 0.038 322.561 0.039
202509 0.038 324.800 0.039
202512 0.040 324.054 0.041
202603 0.039 330.213 0.039

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 3.41 mean?
Al-Salam Real Estate Investment Trust (XKLS:5269) has a Cyclically Adjusted PS Ratio of 3.41 as of Jul. 27, 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 Al-Salam Real Estate Investment Trust and its competitors. This is 26% above median its historical median of 2.71. Over the past decade, Al-Salam Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 2.13 to 3.49. According to the industry distribution chart, Al-Salam Real Estate Investment Trust ranks #166 out of 547 companies in the REITs industry, placing it in the top 30.3%.
Is Al-Salam Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
Al-Salam Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 3.41 is 26% above median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 3.49. The REITs industry median Cyclically Adjusted PS Ratio is 5.82. Al-Salam Real Estate Investment Trust's value of 3.41 is 41.4% below this industry median. Based on the distribution chart, Al-Salam Real Estate Investment Trust ranks #166 out of 547 companies in the REITs industry, which is above the industry midpoint. Overall, Al-Salam Real Estate Investment Trust has a GF Score™ of 44/100 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 PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Al-Salam Real Estate Investment Trust ranks #166 out of 547 companies for Cyclically Adjusted PS Ratio. This puts Al-Salam Real Estate Investment Trust in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.82. Al-Salam Real Estate Investment Trust's value of 3.41 is 41.4% below this benchmark. Historically, Al-Salam Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 2.13 to 3.49 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 5.82, 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.82, based on 547 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. Al-Salam Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 3.41 is 41.4% 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 Al-Salam Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.82 — 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 PS Ratio is 3.41, which is 26% above median its own 10-year median of 2.71. 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 RM0.58 — trading 18.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.41, which is 26% above median its 10-year median of 2.71 and 41.4% below the REITs industry median of 5.82. Al-Salam Real Estate Investment Trust's overall GF Score™ is 44/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Al-Salam Real Estate Investment Trust (XKLS:5269), the current Cyclically Adjusted PS Ratio is 3.41 as of Jul. 27, 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 RM0.58 is trading 18.4% 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 PS Ratio: 3.41 (26% above median its 10-year median of 2.71)
  • GF Value™: RM0.49 vs. price of RM0.58 (18.4% above fair value)
  • GF Score™: 44/100 with 9 warning signs
  • Industry Position: 41.4% below the REITs median (#166 of 547)

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.
44GF Score

Get the complete analysis for XKLS:5269

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

RM0.58
Price
RM0.49
GF Value