APLE (Apple Hospitality REIT) Cyclically Adjusted PS Ratio: 2.70 (As of Jul. 01, 2026) — Near Median


APLE Apple Hospitality REIT Inc APLE
84 GF Score
Price $16.81
GF Value $14.97
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Apple Hospitality REIT Cyclically Adjusted PS Ratio?

Apple Hospitality REIT APLE -0.47% 84 Cyclically Adjusted PS Ratio is 2.70 as of Jul. 01, 2026, which is 5% above its 10-year median of 2.58. GuruFocus rates APLE with a GF Scoreâ„¢ of 84/100 and a GF Valueâ„¢ of $14.97 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 556 REITs companies, Apple Hospitality REIT ranks better than 79.32% on this metric.

As of today (2026-07-01), Apple Hospitality REIT's current share price is $16.81. Apple Hospitality REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $6.23. Apple Hospitality REIT's Cyclically Adjusted PS Ratio for today is 2.70.

The historical rank and industry rank for Apple Hospitality REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

APLE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.81   Med: 2.58   Max: 3.47
Current: 2.7

During the past years, Apple Hospitality REIT's highest Cyclically Adjusted PS Ratio was 3.47. The lowest was 1.81. And the median was 2.58.

APLE's Cyclically Adjusted PS Ratio is ranked better than
79.32% of 556 companies
in the REITs industry
Industry Median: 5.9 vs APLE: 2.70

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.

Apple Hospitality REIT's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.430. 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 $6.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Hospitality REIT  (NYSE:APLE) 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.


Apple Hospitality REIT Cyclically Adjusted PS Ratio Related Terms


Apple Hospitality REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apple Hospitality REIT'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.

Apple Hospitality REIT Cyclically Adjusted PS Ratio Chart

Apple Hospitality REIT 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 3.04 2.79 2.83 2.53 1.93

Apple Hospitality REIT 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 2.10 1.89 1.94 1.93 1.85

APLE vs PK, DRH, SHO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT'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.


Apple Hospitality REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Apple Hospitality REIT's Cyclically Adjusted PS Ratio falls into.


APLE
84GF Score
Apple Hospitality REIT Inc APLE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Apple Hospitality REIT 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.

Apple Hospitality REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.81/6.23
=2.70

* 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.

Apple Hospitality REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Apple Hospitality REIT'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)
=1.43/330.2130*330.2130
=1.430

Current CPI (Mar. 2026) = 330.2130.

Apple Hospitality REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.475 241.018 2.021
201609 1.451 241.428 1.985
201612 1.264 241.432 1.729
201703 1.313 243.801 1.778
201706 1.487 244.955 2.005
201709 1.457 246.819 1.949
201712 1.285 246.524 1.721
201803 1.294 249.554 1.712
201806 1.497 251.989 1.962
201809 1.442 252.439 1.886
201812 1.298 251.233 1.706
201903 1.357 254.202 1.763
201906 1.524 256.143 1.965
201909 1.482 256.759 1.906
201912 1.295 256.974 1.664
202003 1.061 258.115 1.357
202006 0.363 257.797 0.465
202009 0.667 260.280 0.846
202012 0.600 260.474 0.761
202103 0.709 264.877 0.884
202106 1.101 271.696 1.338
202109 1.213 274.310 1.460
202112 1.097 278.802 1.299
202203 1.138 287.504 1.307
202206 1.475 296.311 1.644
202209 1.490 296.808 1.658
202212 1.307 296.797 1.454
202303 1.358 301.836 1.486
202306 1.579 305.109 1.709
202309 1.565 307.789 1.679
202312 1.358 306.746 1.462
202403 1.359 312.332 1.437
202406 1.611 314.175 1.693
202409 1.575 315.301 1.649
202412 1.388 315.605 1.452
202503 1.365 319.799 1.409
202506 1.617 322.561 1.655
202509 1.577 324.800 1.603
202512 1.381 324.054 1.407
202603 1.430 330.213 1.430

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 2.70 mean?
Apple Hospitality REIT (APLE) has a Cyclically Adjusted PS Ratio of 2.70 as of Jul. 01, 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 Apple Hospitality REIT and its competitors. This is near median its historical median of 2.58. Over the past decade, Apple Hospitality REIT's Cyclically Adjusted PS Ratio has ranged from 1.81 to 3.47. According to the industry distribution chart, Apple Hospitality REIT ranks #115 out of 556 companies in the REITs industry, placing it in the top 20.7%.
Is Apple Hospitality REIT's Cyclically Adjusted PS Ratio too high?
Apple Hospitality REIT's current Cyclically Adjusted PS Ratio of 2.70 is near median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 3.47. The REITs industry median Cyclically Adjusted PS Ratio is 5.90. Apple Hospitality REIT's value of 2.70 is 54.2% below this industry median. Based on the distribution chart, Apple Hospitality REIT ranks #115 out of 556 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Apple Hospitality REIT has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple Hospitality REIT's Cyclically Adjusted PS Ratio compare to PK and DRH?
According to the REITs industry distribution chart, Apple Hospitality REIT ranks #115 out of 556 companies for Cyclically Adjusted PS Ratio. This places Apple Hospitality REIT in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.90. Apple Hospitality REIT's value of 2.70 is 54.2% below this benchmark. Historically, Apple Hospitality REIT's own Cyclically Adjusted PS Ratio has ranged from 1.81 to 3.47 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 5.90, Apple Hospitality REIT 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 5.90, based on 556 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. Apple Hospitality REIT's current Cyclically Adjusted PS Ratio of 2.70 is 54.2% 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 Apple Hospitality REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple Hospitality REIT's current Cyclically Adjusted PS Ratio is 2.70, which is near median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Hospitality REIT stock overvalued right now?
Based on GuruFocus' analysis, Apple Hospitality REIT (APLE) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.97, compared to a current price of $16.81 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.70, which is near median its 10-year median of 2.58 and 54.2% below the REITs industry median of 5.90. Apple Hospitality REIT's overall GF Score™ is 84/100 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 Apple Hospitality REIT (APLE), the current Cyclically Adjusted PS Ratio is 2.70 as of Jul. 01, 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 Apple Hospitality REIT (APLE) Overvalued in 2026?

Based on GuruFocus' analysis, Apple Hospitality REIT stock appears to be overvalued. The current stock price of $16.81 is trading 12.3% above its estimated GF Value™ of $14.97. GuruFocus considers Apple Hospitality REIT to be Modestly Overvalued.

Key valuation signals for APLE:

  • Cyclically Adjusted PS Ratio: 2.70 (near median its 10-year median of 2.58)
  • GF Value™: $14.97 vs. price of $16.81 (12.3% above fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 54.2% below the REITs median (#115 of 556)

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


Apple Hospitality REIT Business Description

Industry Real EstateREITs
Other Exchanges 48T:Germany
Address 814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
84GF 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.

$16.81
Price
$14.97
GF Value