JHSF Participacoes (BSP:JHSF3) Cyclically Adjusted PS Ratio: 4.23 (As of Sep. 05, 2026) — 67% Above Median

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BSP:JHSF3 JHSF Participacoes SA BSP:JHSF3
75 GF Score
Price R$11.45
GF Value R$10.40
Valuation Fairly Valued
! 6 Warning Signs
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What is JHSF Participacoes Cyclically Adjusted PS Ratio?

JHSF Participacoes BSP:JHSF3 -1.80% 75 Cyclically Adjusted PS Ratio is 4.23 as of Sep. 05, 2026, which is 67% above its 10-year median of 2.53. GuruFocus rates BSP:JHSF3 with a GF Score™ of 75/100 and a GF Value™ of R$10.40 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,364 Real Estate companies, JHSF Participacoes ranks worse than 70.6% on this metric.

As of today (2026-09-05), JHSF Participacoes's current share price is R$11.45. JHSF Participacoes's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$2.71. JHSF Participacoes's Cyclically Adjusted PS Ratio for today is 4.23.

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

BSP:JHSF3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 2.53   Max: 5.4
Current: 4.23

During the past years, JHSF Participacoes's highest Cyclically Adjusted PS Ratio was 5.40. The lowest was 0.56. And the median was 2.53.

BSP:JHSF3's Cyclically Adjusted PS Ratio is ranked worse than
70.6% of 1364 companies
in the Real Estate industry
Industry Median: 1.775 vs BSP:JHSF3: 4.23

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.

JHSF Participacoes's adjusted revenue per share data for the three months ended in Jun. 2026 was R$1.363. 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$2.71 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JHSF Participacoes  (BSP:JHSF3) 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.


JHSF Participacoes Cyclically Adjusted PS Ratio Related Terms


JHSF Participacoes Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JHSF Participacoes'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.

JHSF Participacoes Cyclically Adjusted PS Ratio Chart

JHSF Participacoes 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 2.86 2.57 2.79 1.75 3.21

JHSF Participacoes Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 2.46 2.94 3.21 3.62 4.19

JHSF Participacoes Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, JHSF Participacoes'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.


JHSF Participacoes Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, JHSF Participacoes's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JHSF Participacoes's Cyclically Adjusted PS Ratio falls into.


BSP:JHSF3
75GF Score
JHSF Participacoes SA BSP:JHSF3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JHSF Participacoes 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.

JHSF Participacoes's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.45/2.71
=4.23

* 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.

JHSF Participacoes's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, JHSF Participacoes's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.363/177.5443*177.5443
=1.363

Current CPI (Jun. 2026) = 177.5443.

JHSF Participacoes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.179 109.986 0.289
201612 0.152 110.802 0.244
201703 0.167 111.869 0.265
201706 0.198 112.115 0.314
201709 0.151 112.777 0.238
201712 0.160 114.068 0.249
201803 0.171 114.868 0.264
201806 0.248 117.038 0.376
201809 0.259 117.881 0.390
201812 0.243 118.340 0.365
201903 0.233 120.124 0.344
201906 0.265 120.977 0.389
201909 0.348 121.292 0.509
201912 0.309 123.436 0.444
202003 0.258 124.092 0.369
202006 0.382 123.557 0.549
202009 0.488 125.095 0.693
202012 0.636 129.012 0.875
202103 0.556 131.660 0.750
202106 0.956 133.871 1.268
202109 0.692 137.913 0.891
202112 0.709 141.992 0.887
202203 0.669 146.537 0.811
202206 0.745 149.784 0.883
202209 0.820 147.800 0.985
202212 0.650 150.207 0.768
202303 0.474 153.352 0.549
202306 0.557 154.519 0.640
202309 0.578 155.464 0.660
202312 0.706 157.148 0.798
202403 0.432 159.372 0.481
202406 0.585 161.052 0.645
202409 0.521 162.342 0.570
202412 0.803 164.740 0.865
202503 0.594 168.102 0.627
202506 0.728 169.670 0.762
202509 0.748 170.739 0.778
202512 3.019 171.765 3.121
202603 0.785 175.066 0.796
202606 1.363 177.544 1.363

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 4.23 mean?
JHSF Participacoes (BSP:JHSF3) has a Cyclically Adjusted PS Ratio of 4.23 as of Sep. 05, 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 JHSF Participacoes and its competitors. This is 67% above median its historical median of 2.53. Over the past decade, JHSF Participacoes' Cyclically Adjusted PS Ratio has ranged from 0.56 to 5.40. According to the industry distribution chart, JHSF Participacoes ranks #963 out of 1364 companies in the Real Estate industry, placing it in the top 70.6%.
Is JHSF Participacoes' Cyclically Adjusted PS Ratio too high?
JHSF Participacoes' current Cyclically Adjusted PS Ratio of 4.23 is 67% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 5.40. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. JHSF Participacoes' value of 4.23 is 138.3% above this industry median. Based on the distribution chart, JHSF Participacoes ranks #963 out of 1364 companies in the Real Estate industry, which is below the industry midpoint. Overall, JHSF Participacoes has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JHSF Participacoes' Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, JHSF Participacoes ranks #963 out of 1364 companies for Cyclically Adjusted PS Ratio. This places JHSF Participacoes in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. JHSF Participacoes' value of 4.23 is 138.3% above this benchmark. Historically, JHSF Participacoes' own Cyclically Adjusted PS Ratio has ranged from 0.56 to 5.40 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 1.78, JHSF Participacoes 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,364 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. JHSF Participacoes's current Cyclically Adjusted PS Ratio of 4.23 is 138.3% 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 JHSF Participacoes and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JHSF Participacoes's current Cyclically Adjusted PS Ratio is 4.23, which is 67% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JHSF Participacoes stock overvalued right now?
Based on GuruFocus' analysis, JHSF Participacoes (BSP:JHSF3) is currently considered Fairly Valued. The stock's GF Value™ is R$10.40, compared to a current price of R$11.45 — trading 10.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.23, which is 67% above median its 10-year median of 2.53 and 138.3% above the Real Estate industry median of 1.78. JHSF Participacoes' overall GF Score™ is 75/100 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 JHSF Participacoes (BSP:JHSF3), the current Cyclically Adjusted PS Ratio is 4.23 as of Sep. 05, 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 JHSF Participacoes (BSP:JHSF3) Overvalued in 2026?

Based on GuruFocus' analysis, JHSF Participacoes stock appears to be overvalued. The current stock price of R$11.45 is trading 10.1% above its estimated GF Value™ of R$10.40. GuruFocus considers JHSF Participacoes to be Fairly Valued.

Key valuation signals for BSP:JHSF3:

  • Cyclically Adjusted PS Ratio: 4.23 (67% above median its 10-year median of 2.53)
  • GF Value™: R$10.40 vs. price of R$11.45 (10.1% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 138.3% above the Real Estate median (#963 of 1364)

No single metric tells the full story. See the BSP:JHSF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JHSF Participacoes Business Description

Address Avenida Magalhaes de Castro, 4.800 Torre 3 Continental Tower -27th floor, Sao Paulo, SP, BRA, 05502-001
JHSF Participacoes SA is a real estate company. The company is involved in in the development, purchase and sale, as well as lease of residential and commercial properties; the construction and operation of shopping centers; the provision of administration and contract management services, and the operation of hotels and tourist activities. JHSF has four segments of business: Recurring income, Real estate business and airport, Hotels and restaurants and Main administrative office.
75GF Score

Get the complete analysis for BSP:JHSF3

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

R$11.45
Price
R$10.40
GF Value