ACRE (Ares Commercial Real Estate) Cyclically Adjusted PS Ratio: 2.32 (As of Aug. 26, 2026) — 32% Below 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.

ACRE Ares Commercial Real Estate Corp ACRE
43 GF Score
Price $4.63
GF Value $11.64
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Ares Commercial Real Estate Cyclically Adjusted PS Ratio?

Ares Commercial Real Estate ACRE -2.11% 43 Cyclically Adjusted PS Ratio is 2.32 as of Aug. 26, 2026, which is 32% below its 10-year median of 3.41. GuruFocus rates ACRE with a GF Score™ of 43/100 and a GF Value™ of $11.64 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 540 REITs companies, Ares Commercial Real Estate ranks better than 82.96% on this metric.

As of today (2026-08-26), Ares Commercial Real Estate's current share price is $4.63. Ares Commercial Real Estate's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $2.00. Ares Commercial Real Estate's Cyclically Adjusted PS Ratio for today is 2.32.

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

ACRE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.67   Med: 3.41   Max: 7.87
Current: 2.36

During the past years, Ares Commercial Real Estate's highest Cyclically Adjusted PS Ratio was 7.87. The lowest was 1.67. And the median was 3.41.

ACRE's Cyclically Adjusted PS Ratio is ranked better than
82.96% of 540 companies
in the REITs industry
Industry Median: 5.785 vs ACRE: 2.36

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.

Ares Commercial Real Estate's adjusted revenue per share data for the three months ended in Jun. 2026 was $0.255. 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 $2.00 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ares Commercial Real Estate  (NYSE:ACRE) 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.


Ares Commercial Real Estate Cyclically Adjusted PS Ratio Related Terms


Ares Commercial Real Estate Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ares Commercial Real Estate'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.

Ares Commercial Real Estate Cyclically Adjusted PS Ratio Chart

Ares Commercial Real Estate 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 7.03 4.45 4.51 2.73 2.39

Ares Commercial Real Estate 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 2.32 2.22 2.39 2.39 2.25

ACRE vs REFI, RC, MITT: Cyclically Adjusted PS Ratio Comparison

For the REIT - Mortgage subindustry, Ares Commercial Real Estate'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.


Ares Commercial Real Estate Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Ares Commercial Real Estate's Cyclically Adjusted PS Ratio falls into.


ACRE
43GF Score
Ares Commercial Real Estate Corp ACRE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ares Commercial Real Estate 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.

Ares Commercial Real Estate's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.63/2.00
=2.32

* 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.

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

For example, Ares Commercial Real Estate'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)
=0.255/333.9520*333.9520
=0.255

Current CPI (Jun. 2026) = 333.9520.

Ares Commercial Real Estate Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.412 241.428 0.570
201612 0.443 241.432 0.613
201703 0.363 243.801 0.497
201706 0.365 244.955 0.498
201709 0.515 246.819 0.697
201712 0.380 246.524 0.515
201803 0.459 249.554 0.614
201806 0.476 251.989 0.631
201809 0.487 252.439 0.644
201812 0.506 251.233 0.673
201903 0.492 254.202 0.646
201906 0.751 256.143 0.979
201909 0.688 256.759 0.895
201912 0.747 256.974 0.971
202003 0.663 258.115 0.858
202006 0.417 257.797 0.540
202009 0.667 260.280 0.856
202012 0.632 260.474 0.810
202103 0.611 264.877 0.770
202106 0.570 271.696 0.701
202109 0.576 274.310 0.701
202112 0.636 278.802 0.762
202203 0.550 287.504 0.639
202206 0.493 296.311 0.556
202209 0.497 296.808 0.559
202212 0.554 296.797 0.623
202303 0.383 301.836 0.424
202306 0.460 305.109 0.503
202309 0.347 307.789 0.376
202312 0.306 306.746 0.333
202403 -0.479 312.332 -0.512
202406 0.008 314.175 0.009
202409 0.200 315.301 0.212
202412 -0.009 315.605 -0.010
202503 0.268 319.799 0.280
202506 -0.373 322.561 -0.386
202509 0.223 324.800 0.229
202512 0.291 324.054 0.300
202603 0.183 330.213 0.185
202606 0.255 333.952 0.255

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 2.32 mean?
Ares Commercial Real Estate (ACRE) has a Cyclically Adjusted PS Ratio of 2.32 as of Aug. 26, 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 Ares Commercial Real Estate and its competitors. This is 32% below median its historical median of 3.41. Over the past decade, Ares Commercial Real Estate's Cyclically Adjusted PS Ratio has ranged from 1.67 to 7.87. According to the industry distribution chart, Ares Commercial Real Estate ranks #92 out of 540 companies in the REITs industry, placing it in the top 17%.
Is Ares Commercial Real Estate's Cyclically Adjusted PS Ratio too high?
Ares Commercial Real Estate's current Cyclically Adjusted PS Ratio of 2.32 is 32% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 7.87. The REITs industry median Cyclically Adjusted PS Ratio is 5.79. Ares Commercial Real Estate's value of 2.32 is 59.9% below this industry median. Based on the distribution chart, Ares Commercial Real Estate ranks #92 out of 540 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Ares Commercial Real Estate has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ares Commercial Real Estate's Cyclically Adjusted PS Ratio compare to REFI and RC?
According to the REITs industry distribution chart, Ares Commercial Real Estate ranks #92 out of 540 companies for Cyclically Adjusted PS Ratio. This places Ares Commercial Real Estate in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.79. Ares Commercial Real Estate's value of 2.32 is 59.9% below this benchmark. Historically, Ares Commercial Real Estate's own Cyclically Adjusted PS Ratio has ranged from 1.67 to 7.87 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 5.79, Ares Commercial Real Estate 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 5.79, based on 540 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. Ares Commercial Real Estate's current Cyclically Adjusted PS Ratio of 2.32 is 59.9% 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 Ares Commercial Real Estate and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Commercial Real Estate's current Cyclically Adjusted PS Ratio is 2.32, which is 32% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Commercial Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Ares Commercial Real Estate (ACRE) is currently considered Possible Value Trap. The stock's GF Value™ is $11.64, compared to a current price of $4.63 — trading 60.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.32, which is 32% below median its 10-year median of 3.41 and 59.9% below the REITs industry median of 5.79. Ares Commercial Real Estate's overall GF Score™ is 43/100 with 4 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 Ares Commercial Real Estate (ACRE), the current Cyclically Adjusted PS Ratio is 2.32 as of Aug. 26, 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 Ares Commercial Real Estate (ACRE) Overvalued in 2026?

Based on GuruFocus' analysis, Ares Commercial Real Estate stock appears to be undervalued. The current stock price of $4.63 is trading 60.2% below its estimated GF Value™ of $11.64. GuruFocus considers Ares Commercial Real Estate to be Possible Value Trap.

Key valuation signals for ACRE:

  • Cyclically Adjusted PS Ratio: 2.32 (32% below median its 10-year median of 3.41)
  • GF Value™: $11.64 vs. price of $4.63 (60.2% below fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 59.9% below the REITs median (#92 of 540)

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


Ares Commercial Real Estate Business Description

Industry Real EstateREITs
Other Exchanges 41I:Germany
Address 245 Park Avenue, 42nd Floor, New York, NY, USA, 10167
Ares Commercial Real Estate Corp is a specialty finance company and a real estate investment trust mainly engaged in originating and investing in commercial real estate (CRE) loans and related investments. It operates in one segment, namely originating and managing a diversified portfolio of CRE debt-related investments. The company recognizes the majority of its revenues in the form of interest income, which it receives from loans.
43GF Score

Get the complete analysis for ACRE

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

$4.63
Price
$11.64
GF Value