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Broadstone Net LeaseBNL -0.23%78 Cyclically Adjusted PS Ratio is 9.65 as of Jul. 16, 2026, which is 18% above its 10-year median of 8.19. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $17.70 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 554 REITs companies, Broadstone Net Lease ranks worse than 81.23% on this metric.
The historical rank and industry rank for Broadstone Net Lease's Cyclically Adjusted PS Ratio or its related term are showing as below:
BNL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.38 Med: 8.19 Max: 9.67
Current: 9.67
During the past 11 years, Broadstone Net Lease's highest Cyclically Adjusted PS Ratio was 9.67. The lowest was 7.38. And the median was 8.19.
BNL's Cyclically Adjusted PS Ratio is ranked worse than 81.23% of 554
companies
in the REITs industry
Industry Median: 5.91
vs BNL: 9.67
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.
Broadstone Net Lease's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $2.299. 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 $2.26 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Broadstone Net Lease (NYSE:BNL) 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.
Broadstone Net Lease Cyclically Adjusted PS Ratio Related Terms
Broadstone Net Lease Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Broadstone Net Lease'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.
Broadstone Net Lease Cyclically Adjusted PS Ratio Chart
BNL vs GNL, AAT, SAFE: Cyclically Adjusted PS Ratio Comparison
For the REIT - Diversified subindustry, Broadstone Net Lease'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.
Broadstone Net Lease Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's Cyclically Adjusted PS Ratio falls into.
Broadstone Net Lease 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.
* 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.
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 9.65 mean?
Broadstone Net Lease (BNL) has a Cyclically Adjusted PS Ratio of 9.65 as of Jul. 16, 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 Broadstone Net Lease and its competitors. This is 18% above median its historical median of 8.19. Over the past decade, Broadstone Net Lease's Cyclically Adjusted PS Ratio has ranged from 7.38 to 9.67. According to the industry distribution chart, Broadstone Net Lease ranks #450 out of 554 companies in the REITs industry, placing it in the top 81.2%.
Is Broadstone Net Lease's Cyclically Adjusted PS Ratio too high?
Broadstone Net Lease's current Cyclically Adjusted PS Ratio of 9.65 is 18% above median its 10-year median of 8.19. Over the past 10 years, this metric has ranged from a low of 7.38 to a high of 9.67. The REITs industry median Cyclically Adjusted PS Ratio is 5.91. Broadstone Net Lease's value of 9.65 is 63.3% above this industry median. Based on the distribution chart, Broadstone Net Lease ranks #450 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Cyclically Adjusted PS Ratio compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #450 out of 554 companies for Cyclically Adjusted PS Ratio. This places Broadstone Net Lease in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.91. Broadstone Net Lease's value of 9.65 is 63.3% above this benchmark. Historically, Broadstone Net Lease's own Cyclically Adjusted PS Ratio has ranged from 7.38 to 9.67 over the past decade. While the company's 10-year median is 8.19 vs. the industry median of 5.91, Broadstone Net Lease 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 5.91, based on 554 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. Broadstone Net Lease's current Cyclically Adjusted PS Ratio of 9.65 is 63.3% 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 Broadstone Net Lease and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current Cyclically Adjusted PS Ratio is 9.65, which is 18% above median its own 10-year median of 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.70, compared to a current price of $21.82 — trading 23.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.65, which is 18% above median its 10-year median of 8.19 and 63.3% above the REITs industry median of 5.91. Broadstone Net Lease's overall GF Score™ is 78/100 with 9 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 Broadstone Net Lease (BNL), the current Cyclically Adjusted PS Ratio is 9.65 as of Jul. 16, 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 Broadstone Net Lease (BNL) Overvalued in 2026?
Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued.
The current stock price of $21.82 is trading 23.3% above its estimated GF Value™ of $17.70.
GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.
Key valuation signals for BNL:
Cyclically Adjusted PS Ratio: 9.65 (18% above median its 10-year median of 8.19)
GF Value™: $17.70 vs. price of $21.82 (23.3% above fair value)
Industry Position: 63.3% above the REITs median (#450 of 554)
No single metric tells the full story. See the BNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
78GF Score
Get the complete analysis for BNL
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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