ER Capital NV (CHIX:ERCA) Cyclically Adjusted PS Ratio: (As of Aug. 01, 2026)

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Director of Data and Quant Analytics at GuruFocus
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What is ER Capital NV Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


ER Capital NV  (CHIX:ERCa) 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.


ER Capital NV Cyclically Adjusted PS Ratio Related Terms


ER Capital NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ER Capital NV'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.

ER Capital NV Cyclically Adjusted PS Ratio Chart

ER Capital NV Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 0.00 0.00 0.00 0.08

ER Capital NV Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Dec25
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 0.00 0.00 0.00 0.00 0.08

CHIX:ERCA vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, ER Capital NV'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.


ER Capital NV Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where ER Capital NV's Cyclically Adjusted PS Ratio falls into.



ER Capital NV 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.

ER Capital NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, ER Capital NV's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=2.302/135.2700*135.2700
=2.302

Current CPI (Dec25) = 135.2700.

ER Capital NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.961 100.570 14.743
201709 11.679 102.030 15.484
201809 8.642 103.950 11.246
201909 7.325 106.700 9.286
202009 9.142 107.880 11.463
202109 8.078 110.790 9.863
202209 0.000 126.890 0.000
202309 0.000 127.160 0.000
202409 0.000 131.610 0.000
202512 2.302 135.270 2.302

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.


ER Capital NV Business Description

Other Exchanges ERC:NetherlandsTJH7:Germany
Address Westplein 9a, Rotterdam, ZH, NLD, 3016 BM
ER Capital NV initiates and structures real estate investment funds and propositions, actively manages its own portfolio of Dutch commercial real estate and (re)develops properties within that portfolio. The company focuses on multi-tenant office buildings and light industrial assets in the Netherlands. It is an active real estate company that acquires, (re)develops and actively manages its real estate portfolio, and generates additional income through the initiation and structuring of real estate investment propositions and through its participation in related activities.