This article presents a metamaterial based on a modified asymmetric circular split ring resonator for absorber applications in the microwave regime. This metamaterial absorber (MMA) exhibits four absorption peaks to cover C, X, and Ku band applications. The MMA unit cell is formed on a low-cost FR4 substrate with electrical dimensions of 0.106 λ0 × 0.106 λ0, for which wavelength, λ0 is calculated at 4.1 GHz. The resonator of the unit cell is structured with three concentric intercoupled circular split rings with dimensions modified to obtain maximum absorption peaks of 97.9%, 99.1%, 99.5%, and 99.95% at 4.1, 6.86, 11.3, and 13.45 GHz, respectively. Metamaterial and absorber properties are investigated in the analysis of the surface current, electric, and magnetic fields. The unit cell exhibits single negative metamaterial properties with an effective medium ratio (EMR) of 9.15 and quality factor (Q factor) greater than 20. Beyond that, the equivalent circuit of the MMA unit cell is modeled and validated by comparing S11 obtained from Advanced Design System (ADS) and CST software. The MMA array’s absorption properties are also examined in the simulations. Measured results of the unit cell and array correspond well with the result of simulation in terms of absorption at intended frequencies. Given its good EMR, superior quality factor, and high maximum absorption, the MMA can be a good candidate for a multiband absorber in microwave applications like sensing, detecting, notch filtering and to decrease the indirect reverberation and reflections caused by the metallic part of the radar and satellite antennas.