AIV (Apartment Investment & Management Co) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

AIV Apartment Investment & Management Co AIV
49 GF Score
Price $2.18
GF Value $3.48
Valuation Possible Value Trap
! 5 Warning Signs
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What is Apartment Investment & Management Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Apartment Investment & Management Co  (NYSE:AIV) 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.


Apartment Investment & Management Co Cyclically Adjusted PS Ratio Related Terms


Apartment Investment & Management Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apartment Investment & Management Co'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.

Apartment Investment & Management Co Cyclically Adjusted PS Ratio Chart

Apartment Investment & Management Co 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 1.06 1.08 1.34 1.84 1.46

Apartment Investment & Management Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.50 1.50 1.52 1.44 1.14

AIV vs BRT, FREVS, ELME: Cyclically Adjusted PS Ratio Comparison

For the REIT - Residential subindustry, Apartment Investment & Management Co'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.


Apartment Investment & Management Co Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's Cyclically Adjusted PS Ratio falls into.


AIV
49GF Score
Apartment Investment & Management Co AIV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Apartment Investment & Management Co 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.

Apartment Investment & Management Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Apartment Investment & Management Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.242/324.0540*324.0540
=0.242

Current CPI (Dec. 2025) = 324.0540.

Apartment Investment & Management Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 2.008 236.525 2.751
201603 2.014 238.132 2.741
201606 2.046 241.018 2.751
201609 2.036 241.428 2.733
201612 2.030 241.432 2.725
201703 2.008 243.801 2.669
201706 2.007 244.955 2.655
201709 2.073 246.819 2.722
201712 2.083 246.524 2.738
201803 2.018 249.554 2.620
201806 2.037 251.989 2.620
201809 1.976 252.439 2.537
201812 1.931 251.233 2.491
201903 1.974 254.202 2.516
201906 1.868 256.143 2.363
201909 1.915 256.759 2.417
201912 1.915 256.974 2.415
202003 0.319 258.115 0.400
202006 0.310 257.797 0.390
202009 0.311 260.280 0.387
202103 0.267 264.877 0.327
202106 0.271 271.696 0.323
202109 0.286 274.310 0.338
202112 0.313 278.802 0.364
202203 0.333 287.504 0.375
202206 0.337 296.311 0.369
202209 0.293 296.808 0.320
202212 0.282 296.797 0.308
202303 0.304 301.836 0.326
202306 0.317 305.109 0.337
202309 0.333 307.789 0.351
202312 0.350 306.746 0.370
202403 0.357 312.332 0.370
202406 0.366 314.175 0.378
202409 0.258 315.301 0.265
202412 0.264 315.605 0.271
202503 0.382 319.799 0.387
202506 0.384 322.561 0.386
202509 0.253 324.800 0.252
202512 0.242 324.054 0.242

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.

Is Apartment Investment & Management Co (AIV) Overvalued in 2026?

Based on GuruFocus' analysis, Apartment Investment & Management Co stock appears to be undervalued. The current stock price of $2.18 is trading 37.4% below its estimated GF Value™ of $3.48. GuruFocus considers Apartment Investment & Management Co to be Possible Value Trap.

Key valuation signals for AIV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $3.48 vs. price of $2.18 (37.4% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Apartment Investment & Management Co Business Description

Industry Real EstateREITs
Other Exchanges AIV:Germany
Address 4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237
Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development. Operating, and Other. The development segment consists of properties that are under construction or have not achieved stabilization, as well as land held for development. The operating segment includes residential apartments, communities with apartment homes that have achieved a stabilized level of operations. The other segment includes The Benson Hotel, the company's only hotel. The majority of revenue is gained from the Operating Segment.
49GF Score

Get the complete analysis for AIV

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

$2.18
Price
$3.48
GF Value