Quality Hospitality Leasehold Property Fund (BKK:QHOP) Cyclically Adjusted PS Ratio: 8.10 (As of Aug. 24, 2026) — 31% Above Median

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BKK:QHOP Quality Hospitality Leasehold Property Fund BKK:QHOP
71 GF Score
Price ฿3.40
GF Value ฿11.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Quality Hospitality Leasehold Property Fund Cyclically Adjusted PS Ratio?

Quality Hospitality Leasehold Property Fund BKK:QHOP +0.59% 71 Cyclically Adjusted PS Ratio is 8.10 as of Aug. 24, 2026, which is 31% above its 10-year median of 6.17. GuruFocus rates BKK:QHOP with a GF Score™ of 71/100 and a GF Value™ of ฿11.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 540 REITs companies, Quality Hospitality Leasehold Property Fund ranks worse than 70.19% on this metric.

As of today (2026-08-24), Quality Hospitality Leasehold Property Fund's current share price is ฿3.40. Quality Hospitality Leasehold Property Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿0.42. Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio for today is 8.10.

The historical rank and industry rank for Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:QHOP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.61   Med: 6.17   Max: 8.1
Current: 8.04

During the past years, Quality Hospitality Leasehold Property Fund's highest Cyclically Adjusted PS Ratio was 8.10. The lowest was 3.61. And the median was 6.17.

BKK:QHOP's Cyclically Adjusted PS Ratio is ranked worse than
70.19% of 540 companies
in the REITs industry
Industry Median: 5.775 vs BKK:QHOP: 8.04

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.

Quality Hospitality Leasehold Property Fund's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.155. 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 ฿0.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quality Hospitality Leasehold Property Fund  (BKK:QHOP) 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.


Quality Hospitality Leasehold Property Fund Cyclically Adjusted PS Ratio Related Terms


Quality Hospitality Leasehold Property Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Quality Hospitality Leasehold Property Fund'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.

Quality Hospitality Leasehold Property Fund Cyclically Adjusted PS Ratio Chart

Quality Hospitality Leasehold Property Fund 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 0.00 0.00 3.98 6.66 6.46

Quality Hospitality Leasehold Property Fund 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 6.42 7.17 6.57 6.46 7.09

BKK:QHOP vs EQIX, AMT, DLR: Cyclically Adjusted PS Ratio Comparison

For the REIT - Specialty subindustry, Quality Hospitality Leasehold Property Fund'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.


Quality Hospitality Leasehold Property Fund Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio falls into.


BKK:QHOP
71GF Score
Quality Hospitality Leasehold Property Fund BKK:QHOP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Quality Hospitality Leasehold Property Fund 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.

Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.40/0.42
=8.10

* 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.

Quality Hospitality Leasehold Property Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Quality Hospitality Leasehold Property Fund'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)
=0.155/330.2130*330.2130
=0.155

Current CPI (Mar. 2026) = 330.2130.

Quality Hospitality Leasehold Property Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201112 0.228 225.672 0.334
201203 0.234 229.392 0.337
201206 0.234 229.478 0.337
201209 0.235 231.407 0.335
201612 0.000 241.432 0.000
201709 0.183 246.819 0.245
201712 0.093 246.524 0.125
201803 0.149 249.554 0.197
201806 0.077 251.989 0.101
201809 0.187 252.439 0.245
201812 0.130 251.233 0.171
201903 0.150 254.202 0.195
201906 0.093 256.143 0.120
201909 0.169 256.759 0.217
201912 0.117 256.974 0.150
202003 0.056 258.115 0.072
202006 0.003 257.797 0.004
202009 0.002 260.280 0.003
202012 0.002 260.474 0.003
202103 0.001 264.877 0.001
202106 0.001 271.696 0.001
202109 0.001 274.310 0.001
202112 0.002 278.802 0.002
202203 0.001 287.504 0.001
202206 0.054 296.311 0.060
202209 0.008 296.808 0.009
202212 0.035 296.797 0.039
202303 0.022 301.836 0.024
202306 0.024 305.109 0.026
202309 0.024 307.789 0.026
202312 0.020 306.746 0.022
202403 0.020 312.332 0.021
202406 0.021 314.175 0.022
202409 0.095 315.301 0.099
202412 0.054 315.605 0.056
202503 0.063 319.799 0.065
202506 0.047 322.561 0.048
202509 0.132 324.800 0.134
202512 0.119 324.054 0.121
202603 0.155 330.213 0.155

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 8.10 mean?
Quality Hospitality Leasehold Property Fund (BKK:QHOP) has a Cyclically Adjusted PS Ratio of 8.10 as of Aug. 24, 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 Quality Hospitality Leasehold Property Fund and its competitors. This is 31% above median its historical median of 6.17. Over the past decade, Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio has ranged from 3.61 to 8.10. According to the industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #379 out of 540 companies in the REITs industry, placing it in the top 70.2%.
Is Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio too high?
Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PS Ratio of 8.10 is 31% above median its 10-year median of 6.17. Over the past 10 years, this metric has ranged from a low of 3.61 to a high of 8.10. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Quality Hospitality Leasehold Property Fund's value of 8.10 is 40.3% above this industry median. Based on the distribution chart, Quality Hospitality Leasehold Property Fund ranks #379 out of 540 companies in the REITs industry, which is below the industry midpoint. Overall, Quality Hospitality Leasehold Property Fund has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quality Hospitality Leasehold Property Fund's Cyclically Adjusted PS Ratio compare to EQIX and AMT?
According to the REITs industry distribution chart, Quality Hospitality Leasehold Property Fund ranks #379 out of 540 companies for Cyclically Adjusted PS Ratio. This places Quality Hospitality Leasehold Property Fund in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.78. Quality Hospitality Leasehold Property Fund's value of 8.10 is 40.3% above this benchmark. Historically, Quality Hospitality Leasehold Property Fund's own Cyclically Adjusted PS Ratio has ranged from 3.61 to 8.10 over the past decade. While the company's 10-year median is 6.17 vs. the industry median of 5.78, Quality Hospitality Leasehold Property Fund 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. Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PS Ratio of 8.10 is 40.3% 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 Quality Hospitality Leasehold Property Fund 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. Quality Hospitality Leasehold Property Fund's current Cyclically Adjusted PS Ratio is 8.10, which is 31% above median its own 10-year median of 6.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Hospitality Leasehold Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund (BKK:QHOP) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿11.00, compared to a current price of ฿3.40 — trading 69.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.10, which is 31% above median its 10-year median of 6.17 and 40.3% above the REITs industry median of 5.78. Quality Hospitality Leasehold Property Fund's overall GF Score™ is 71/100 with 3 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP), the current Cyclically Adjusted PS Ratio is 8.10 as of Aug. 24, 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 Quality Hospitality Leasehold Property Fund (BKK:QHOP) Overvalued in 2026?

Based on GuruFocus' analysis, Quality Hospitality Leasehold Property Fund stock appears to be undervalued. The current stock price of ฿3.40 is trading 69.1% below its estimated GF Value™ of ฿11.00. GuruFocus considers Quality Hospitality Leasehold Property Fund to be Significantly Undervalued.

Key valuation signals for BKK:QHOP:

  • Cyclically Adjusted PS Ratio: 8.10 (31% above median its 10-year median of 6.17)
  • GF Value™: ฿11.00 vs. price of ฿3.40 (69.1% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 40.3% above the REITs median (#379 of 540)

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


Quality Hospitality Leasehold Property Fund Business Description

Industry Real EstateREITs
Address 173/27-30, 32-33 South Sathon Road, 23A, 25th Floor, Asia Centre Building, Thungmahamek, Sathon, Bangkok, THA, 10120
Quality Hospitality Leasehold Property Fund is a close-ended leasehold property fund and a specific property fund. The Fund's objective is to mobilize funds from the public and general investors to purchase and lease immovable properties and to seek benefits from those properties including the modification, development, and disposal of the properties, which the Fund invests in or possesses by way of letting, subletting and disposal for the benefit of the properties themselves and to generate income and return for unit holders and the Fund.
71GF Score

Get the complete analysis for BKK:QHOP

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

฿3.40
Price
฿11.00
GF Value