ALEX (Alexander & Baldwin) Cyclically Adjusted PS Ratio: 3.44 (As of Aug. 26, 2026) — 41% Above Median

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ALEX Alexander & Baldwin Inc ALEX
51 GF Score
Price $20.84
GF Value $16.25
! 10 Warning Signs
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What is Alexander & Baldwin Cyclically Adjusted PS Ratio?

Alexander & Baldwin ALEX 51 Cyclically Adjusted PS Ratio is 3.44 as of Aug. 26, 2026, which is 41% above its 10-year median of 2.44. GuruFocus rates ALEX with a GF Score™ of 51/100 and a GF Value™ of $16.25. The stock has 10 warning signs investors should review.

As of today (2026-08-26), Alexander & Baldwin's current share price is $20.84. Alexander & Baldwin's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was $6.06. Alexander & Baldwin's Cyclically Adjusted PS Ratio for today is 3.44.

The historical rank and industry rank for Alexander & Baldwin's Cyclically Adjusted PS Ratio or its related term are showing as below:

ALEX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.44   Max: 3.45
Current: 3.44

During the past years, Alexander & Baldwin's highest Cyclically Adjusted PS Ratio was 3.45. The lowest was 1.45. And the median was 2.44.

ALEX's Cyclically Adjusted PS Ratio is not ranked
in the REITs industry.
Industry Median: 5.785 vs ALEX: 3.44

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.

Alexander & Baldwin's adjusted revenue per share data for the three months ended in Dec. 2025 was $0.693. 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 $6.06 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexander & Baldwin  (NYSE:ALEX) 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.


Alexander & Baldwin Cyclically Adjusted PS Ratio Related Terms


Alexander & Baldwin Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alexander & Baldwin'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.

Alexander & Baldwin Cyclically Adjusted PS Ratio Chart

Alexander & Baldwin 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 3.13 2.33 2.51 2.57 3.41

Alexander & Baldwin 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 2.57 2.59 2.81 3.00 3.41

ALEX vs ALX, CBL, GTY: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Alexander & Baldwin'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.


Alexander & Baldwin Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Alexander & Baldwin's Cyclically Adjusted PS Ratio falls into.


ALEX
51GF Score
Alexander & Baldwin Inc ALEX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander & Baldwin 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.

Alexander & Baldwin's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.84/6.06
=3.44

* 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.

Alexander & Baldwin's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Alexander & Baldwin'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)
=0.693/324.0540*324.0540
=0.693

Current CPI (Dec. 2025) = 324.0540.

Alexander & Baldwin Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1.854 238.132 2.523
201606 1.660 241.018 2.232
201609 2.083 241.428 2.796
201612 2.251 241.432 3.021
201703 1.879 243.801 2.498
201706 1.978 244.955 2.617
201709 2.248 246.819 2.951
201712 1.941 246.524 2.551
201803 1.569 249.554 2.037
201806 1.550 251.989 1.993
201809 1.649 252.439 2.117
201812 4.173 251.233 5.383
201903 1.785 254.202 2.275
201906 1.511 256.143 1.912
201909 1.232 256.759 1.555
201912 1.490 256.974 1.879
202003 1.114 258.115 1.399
202006 1.022 257.797 1.285
202009 1.075 260.280 1.338
202012 -0.583 260.474 -0.725
202103 1.116 264.877 1.365
202106 1.230 271.696 1.467
202109 1.160 274.310 1.370
202112 -0.008 278.802 -0.009
202203 0.813 287.504 0.916
202206 0.702 296.311 0.768
202209 0.679 296.808 0.741
202212 0.974 296.797 1.063
202303 0.694 301.836 0.745
202306 0.729 305.109 0.774
202309 0.721 307.789 0.759
202312 0.727 306.746 0.768
202403 0.842 312.332 0.874
202406 0.702 314.175 0.724
202409 0.851 315.301 0.875
202412 0.857 315.605 0.880
202503 0.738 319.799 0.748
202506 0.710 322.561 0.713
202509 0.689 324.800 0.687
202512 0.693 324.054 0.693

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 3.44 mean?
Alexander & Baldwin (ALEX) has a Cyclically Adjusted PS Ratio of 3.44 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 Alexander & Baldwin and its competitors. This is 41% above median its historical median of 2.44. Over the past decade, Alexander & Baldwin's Cyclically Adjusted PS Ratio has ranged from 1.45 to 3.45.
Is Alexander & Baldwin's Cyclically Adjusted PS Ratio too high?
Alexander & Baldwin's current Cyclically Adjusted PS Ratio of 3.44 is 41% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.45. The REITs industry median Cyclically Adjusted PS Ratio is 5.79. Alexander & Baldwin's value of 3.44 is 40.5% below this industry median. Overall, Alexander & Baldwin has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Alexander & Baldwin's Cyclically Adjusted PS Ratio compare to ALX and CBL?
Alexander & Baldwin's Cyclically Adjusted PS Ratio of 3.44 can be compared against companies in the REITs industry. The industry median Cyclically Adjusted PS Ratio is 5.79. Alexander & Baldwin's value of 3.44 is 40.5% below this benchmark. Historically, Alexander & Baldwin's own Cyclically Adjusted PS Ratio has ranged from 1.45 to 3.45 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 5.79, Alexander & Baldwin 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. Alexander & Baldwin's current Cyclically Adjusted PS Ratio of 3.44 is 40.5% 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 Alexander & Baldwin 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. Alexander & Baldwin's current Cyclically Adjusted PS Ratio is 3.44, which is 41% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander & Baldwin stock overvalued right now?
Alexander & Baldwin (ALEX) has a current Cyclically Adjusted PS Ratio of 3.44. The stock's GF Value™ is $16.25, compared to a current price of $20.84 — trading 28.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.44, which is 41% above median its 10-year median of 2.44 and 40.5% below the REITs industry median of 5.79. Alexander & Baldwin's overall GF Score™ is 51/100 with 10 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 Alexander & Baldwin (ALEX), the current Cyclically Adjusted PS Ratio is 3.44 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 Alexander & Baldwin (ALEX) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander & Baldwin stock appears to be overvalued. The current stock price of $20.84 is trading 28.2% above its estimated GF Value™ of $16.25.

Key valuation signals for ALEX:

  • Cyclically Adjusted PS Ratio: 3.44 (41% above median its 10-year median of 2.44)
  • GF Value™: $16.25 vs. price of $20.84 (28.2% above fair value)
  • GF Score™: 51/100 with 10 warning signs
  • Industry Position: 40.5% below the REITs median

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


Alexander & Baldwin Business Description

Industry Real EstateREITs
Address 822 Bishop Street, Post Office Box 3440, Honolulu, HI, USA, 96801
Alexander & Baldwin Inc is a Hawaii commercial real estate company. The group owns, operates, and manages a million square feet of retail, industrial, and office space in Hawaii. It is a real estate investment trust (REIT) and the owner of grocery and drug-anchored retail centers in the state. It functions through two segments, namely Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns and manages retail, industrial spaces, and also urban ground leases in Hawaii, thereby accounting for a majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.
51GF Score

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

$20.84
Price
$16.25
GF Value