Charter Hall Long WALE REIT (ASX:CLW) Cyclically Adjusted PS Ratio: 10.17 (As of Aug. 23, 2026) — Near 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.

ASX:CLW Charter Hall Long WALE REIT ASX:CLW
74 GF Score
Price A$3.56
GF Value A$3.98
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Charter Hall Long WALE REIT Cyclically Adjusted PS Ratio?

Charter Hall Long WALE REIT ASX:CLW -0.56% 74 Cyclically Adjusted PS Ratio is 10.17 as of Aug. 23, 2026, which is 3% below its 10-year median of 10.47. GuruFocus rates ASX:CLW with a GF Score™ of 74/100 and a GF Value™ of A$3.98 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 540 REITs companies, Charter Hall Long WALE REIT ranks worse than 85.56% on this metric.

As of today (2026-08-23), Charter Hall Long WALE REIT's current share price is A$3.56. Charter Hall Long WALE REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 was A$0.35. Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio for today is 10.17.

The historical rank and industry rank for Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

ASX:CLW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.17   Med: 10.47   Max: 10.97
Current: 10.18

During the past 10 years, Charter Hall Long WALE REIT's highest Cyclically Adjusted PS Ratio was 10.97. The lowest was 10.17. And the median was 10.47.

ASX:CLW's Cyclically Adjusted PS Ratio is ranked worse than
85.56% of 540 companies
in the REITs industry
Industry Median: 5.775 vs ASX:CLW: 10.18

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.

Charter Hall Long WALE REIT's adjusted revenue per share data of for the fiscal year that ended in Jun26 was A$0.269. 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 A$0.35 for the trailing ten years ended in Jun26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charter Hall Long WALE REIT  (ASX:CLW) 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.


Charter Hall Long WALE REIT Cyclically Adjusted PS Ratio Related Terms


Charter Hall Long WALE REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Charter Hall Long WALE 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.

Charter Hall Long WALE REIT Cyclically Adjusted PS Ratio Chart

Charter Hall Long WALE REIT Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 10.43

Charter Hall Long WALE REIT Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 0.00 0.00 0.00 10.43

ASX:CLW vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Charter Hall Long WALE 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.


Charter Hall Long WALE REIT Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio falls into.


ASX:CLW
74GF Score
Charter Hall Long WALE REIT ASX:CLW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Charter Hall Long WALE 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.

Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.56/0.35
=10.17

* 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.

Charter Hall Long WALE REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Charter Hall Long WALE REIT's adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=0.269/136.4868*136.4868
=0.269

Current CPI (Jun26) = 136.4868.

Charter Hall Long WALE REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201706 0.306 0.000
201806 0.306 0.000
201906 0.321 0.000
202006 0.286 0.000
202106 0.284 0.000
202206 0.323 0.000
202306 0.306 0.000
202406 0.301 0.000
202506 0.254 131.551 0.264
202606 0.269 136.487 0.269

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 10.17 mean?
Charter Hall Long WALE REIT (ASX:CLW) has a Cyclically Adjusted PS Ratio of 10.17 as of Aug. 23, 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 Charter Hall Long WALE REIT and its competitors. This is near median its historical median of 10.47. Over the past decade, Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio has ranged from 10.17 to 10.97. According to the industry distribution chart, Charter Hall Long WALE REIT ranks #462 out of 540 companies in the REITs industry, placing it in the top 85.6%.
Is Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio too high?
Charter Hall Long WALE REIT's current Cyclically Adjusted PS Ratio of 10.17 is near median its 10-year median of 10.47. Over the past 10 years, this metric has ranged from a low of 10.17 to a high of 10.97. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Charter Hall Long WALE REIT's value of 10.17 is 76.1% above this industry median. Based on the distribution chart, Charter Hall Long WALE REIT ranks #462 out of 540 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Charter Hall Long WALE REIT has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Charter Hall Long WALE REIT's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Charter Hall Long WALE REIT ranks #462 out of 540 companies for Cyclically Adjusted PS Ratio. This places Charter Hall Long WALE REIT in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.78. Charter Hall Long WALE REIT's value of 10.17 is 76.1% above this benchmark. Historically, Charter Hall Long WALE REIT's own Cyclically Adjusted PS Ratio has ranged from 10.17 to 10.97 over the past decade. While the company's 10-year median is 10.47 vs. the industry median of 5.78, Charter Hall Long WALE REIT has consistently been above 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 5.78, 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. Charter Hall Long WALE REIT's current Cyclically Adjusted PS Ratio of 10.17 is 76.1% above 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 Charter Hall Long WALE REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charter Hall Long WALE REIT's current Cyclically Adjusted PS Ratio is 10.17, which is near median its own 10-year median of 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charter Hall Long WALE REIT stock overvalued right now?
Based on GuruFocus' analysis, Charter Hall Long WALE REIT (ASX:CLW) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.98, compared to a current price of A$3.56 — trading 10.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.17, which is near median its 10-year median of 10.47 and 76.1% above the REITs industry median of 5.78. Charter Hall Long WALE REIT's overall GF Score™ is 74/100 with 6 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 Charter Hall Long WALE REIT (ASX:CLW), the current Cyclically Adjusted PS Ratio is 10.17 as of Aug. 23, 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 Charter Hall Long WALE REIT (ASX:CLW) Overvalued in 2026?

Based on GuruFocus' analysis, Charter Hall Long WALE REIT stock appears to be undervalued. The current stock price of A$3.56 is trading 10.6% below its estimated GF Value™ of A$3.98. GuruFocus considers Charter Hall Long WALE REIT to be Modestly Undervalued.

Key valuation signals for ASX:CLW:

  • Cyclically Adjusted PS Ratio: 10.17 (near median its 10-year median of 10.47)
  • GF Value™: A$3.98 vs. price of A$3.56 (10.6% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 76.1% above the REITs median (#462 of 540)

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


Charter Hall Long WALE REIT Business Description

Industry Real EstateREITs
Address No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Long WALE REIT is a listed investment vehicle established and managed by Charter Hall Group. The REIT pays management fees to the parent group. There are over 500 properties on balance sheet and in joint ventures, spanning retail, industrial, office, data centers and social infrastructure. The portfolio typically has near full occupancy and long weighted average lease expiry, or WALE, of around 10 years. About half the leases are subject to annual inflation-linked rental uplifts, and half to fixed annual increases (typically 3%). One third of the REIT's income is rents collected from the properties held on its own balance sheet and the rest is co-investment earnings from a dozen joint ventures.
74GF Score

Get the complete analysis for ASX:CLW

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

A$3.56
Price
A$3.98
GF Value