Simon Property Group (BSP:SIMN34) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

BSP:SIMN34 Simon Property Group Inc BSP:SIMN34
77 GF Score
Price R$65.89
GF Value R$63.53
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Simon Property Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group  (BSP:SIMN34) 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.


Simon Property Group Cyclically Adjusted PS Ratio Related Terms


Simon Property Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted PS Ratio Chart

Simon Property Group 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 13.76 8.40 8.73 12.24 11.17

Simon Property Group 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 8.94 10.05 10.34 9.52 11.32

BSP:SIMN34 vs O, KIM, REG: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Simon Property Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Simon Property Group's Cyclically Adjusted PS Ratio falls into.


BSP:SIMN34
77GF Score
Simon Property Group Inc BSP:SIMN34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Simon Property Group 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.

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

For example, Simon Property Group'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)
=1.745/333.9520*333.9520
=1.745

Current CPI (Jun. 2026) = 333.9520.

Simon Property Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.876 241.428 1.212
201612 0.937 241.432 1.296
201703 0.845 243.801 1.157
201706 0.878 244.955 1.197
201709 0.908 246.819 1.229
201712 0.932 246.524 1.263
201803 0.914 249.554 1.223
201806 1.011 251.989 1.340
201809 1.110 252.439 1.468
201812 1.123 251.233 1.493
201903 1.040 254.202 1.366
201906 1.106 256.143 1.442
201909 1.142 256.759 1.485
201912 1.246 256.974 1.619
202003 1.231 258.115 1.593
202006 1.165 257.797 1.509
202009 1.163 260.280 1.492
202012 1.162 260.474 1.490
202103 1.293 264.877 1.630
202106 1.265 271.696 1.555
202109 1.289 274.310 1.569
202112 1.409 278.802 1.688
202203 1.288 287.504 1.496
202206 1.199 296.311 1.351
202209 1.318 296.808 1.483
202212 1.407 296.797 1.583
202303 5.363 301.836 5.934
202306 1.296 305.109 1.419
202309 1.316 307.789 1.428
202312 1.451 306.746 1.580
202403 1.370 312.332 1.465
202406 1.456 314.175 1.548
202409 1.574 315.301 1.667
202412 1.769 315.605 1.872
202503 1.650 319.799 1.723
202506 1.626 322.561 1.683
202509 1.671 324.800 1.718
202512 1.851 324.054 1.908
202603 1.776 330.213 1.796
202606 1.745 333.952 1.745

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.

Is Simon Property Group (BSP:SIMN34) Overvalued in 2026?

Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued. The current stock price of R$65.89 is trading 3.7% above its estimated GF Value™ of R$63.53. GuruFocus considers Simon Property Group to be Fairly Valued.

Key valuation signals for BSP:SIMN34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$63.53 vs. price of R$65.89 (3.7% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the BSP:SIMN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Simon Property Group Business Description

Industry Real EstateREITs
Address 225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
77GF Score

Get the complete analysis for BSP:SIMN34

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

R$65.89
Price
R$63.53
GF Value