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.
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.
The historical rank and industry rank for Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio or its related term are showing as below:
BSP:A1RE34'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.37 Med: 10.69 Max: 16.64
Current: 3.03
During the past years, Alexandria Real Estate Equities's highest Cyclically Adjusted PS Ratio was 16.64. The lowest was 2.37. And the median was 10.69.
BSP:A1RE34's Cyclically Adjusted PS Ratio is ranked better than 75.05% of 541
companies
in the REITs industry
Industry Median: 5.77
vs BSP:A1RE34: 3.03
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.
Alexandria Real Estate Equities's adjusted revenue per share data for the three months ended in Jun. 2026 was R$4.826. 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 R$23.20 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Alexandria Real Estate Equities (BSP:A1RE34) 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.
Alexandria Real Estate Equities Cyclically Adjusted PS Ratio Related Terms
Alexandria Real Estate Equities Cyclically Adjusted PS Ratio Historical Data
* 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.
Alexandria Real Estate Equities Cyclically Adjusted PS Ratio Chart
BSP:A1RE34 vs VNO, BXP, CUZ: Cyclically Adjusted PS Ratio Comparison
For the REIT - Office subindustry, Alexandria Real Estate Equities'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.
Alexandria Real Estate Equities Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio falls into.
Alexandria Real Estate Equities 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 2.95 mean?
Alexandria Real Estate Equities (BSP:A1RE34) has a Cyclically Adjusted PS Ratio of 2.95 as of Aug. 22, 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 Alexandria Real Estate Equities and its competitors. This is 72% below median its historical median of 10.69. Over the past decade, Alexandria Real Estate Equities' Cyclically Adjusted PS Ratio has ranged from 2.37 to 16.64. According to the industry distribution chart, Alexandria Real Estate Equities ranks #135 out of 541 companies in the REITs industry, placing it in the top 25%.
Is Alexandria Real Estate Equities' Cyclically Adjusted PS Ratio too high?
Alexandria Real Estate Equities' current Cyclically Adjusted PS Ratio of 2.95 is 72% below median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 16.64. The REITs industry median Cyclically Adjusted PS Ratio is 5.77. Alexandria Real Estate Equities' value of 2.95 is 48.9% below this industry median. Based on the distribution chart, Alexandria Real Estate Equities ranks #135 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Alexandria Real Estate Equities has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alexandria Real Estate Equities' Cyclically Adjusted PS Ratio compare to VNO and BXP?
According to the REITs industry distribution chart, Alexandria Real Estate Equities ranks #135 out of 541 companies for Cyclically Adjusted PS Ratio. This places Alexandria Real Estate Equities in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.77. Alexandria Real Estate Equities' value of 2.95 is 48.9% below this benchmark. Historically, Alexandria Real Estate Equities' own Cyclically Adjusted PS Ratio has ranged from 2.37 to 16.64 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 5.77, Alexandria Real Estate Equities 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 5.77, based on 541 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. Alexandria Real Estate Equities's current Cyclically Adjusted PS Ratio of 2.95 is 48.9% 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 Alexandria Real Estate Equities and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexandria Real Estate Equities's current Cyclically Adjusted PS Ratio is 2.95, which is 72% below median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexandria Real Estate Equities stock overvalued right now?
Based on GuruFocus' analysis, Alexandria Real Estate Equities (BSP:A1RE34) is currently considered Possible Value Trap. The stock's GF Value™ is R$113.04, compared to a current price of R$68.46 — trading 39.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.95, which is 72% below median its 10-year median of 10.69 and 48.9% below the REITs industry median of 5.77. Alexandria Real Estate Equities' 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 Alexandria Real Estate Equities (BSP:A1RE34), the current Cyclically Adjusted PS Ratio is 2.95 as of Aug. 22, 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 Alexandria Real Estate Equities (BSP:A1RE34) Overvalued in 2026?
Based on GuruFocus' analysis, Alexandria Real Estate Equities stock appears to be undervalued.
The current stock price of R$68.46 is trading 39.4% below its estimated GF Value™ of R$113.04.
GuruFocus considers Alexandria Real Estate Equities to be Possible Value Trap.
Key valuation signals for BSP:A1RE34:
Cyclically Adjusted PS Ratio: 2.95 (72% below median its 10-year median of 10.69)
GF Value™: R$113.04 vs. price of R$68.46 (39.4% below fair value)
Industry Position: 48.9% below the REITs median (#135 of 541)
No single metric tells the full story. See the BSP:A1RE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle, Texas, and Canada. The Company is a life science real estate investment trust focused on developing, redeveloping, and operating properties that provide space for lease to tenants in the life science industry.
51GF Score
Get the complete analysis for BSP:A1RE34
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:A1RE34 has been successfully added to your 
