CLNXF (Cellnex Telecom) Cyclically Adjusted PS Ratio: 5.53 (As of Jul. 17, 2026) — 29% Below Median

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CLNXF Cellnex Telecom SA CLNXF
79 GF Score
Price $29.27
GF Value $36.80
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Cellnex Telecom Cyclically Adjusted PS Ratio?

Cellnex Telecom CLNXF +2.08% 79 Cyclically Adjusted PS Ratio is 5.53 as of Jul. 17, 2026, which is 29% below its 10-year median of 7.83. GuruFocus rates CLNXF with a GF Score™ of 79/100 and a GF Value™ of $36.80 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,358 Real Estate companies, Cellnex Telecom ranks worse than 77.03% on this metric.

As of today (2026-07-17), Cellnex Telecom's current share price is $29.265. Cellnex Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $5.29. Cellnex Telecom's Cyclically Adjusted PS Ratio for today is 5.53.

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

CLNXF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.18   Med: 7.83   Max: 10.61
Current: 5.18

During the past years, Cellnex Telecom's highest Cyclically Adjusted PS Ratio was 10.61. The lowest was 5.18. And the median was 7.83.

CLNXF's Cyclically Adjusted PS Ratio is ranked worse than
77.03% of 1358 companies
in the Real Estate industry
Industry Median: 1.85 vs CLNXF: 5.18

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.

Cellnex Telecom's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.691. 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 $5.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cellnex Telecom  (OTCPK:CLNXF) 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.


Cellnex Telecom Cyclically Adjusted PS Ratio Related Terms


Cellnex Telecom Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cellnex Telecom'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.

Cellnex Telecom Cyclically Adjusted PS Ratio Chart

Cellnex Telecom 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 0.00 0.00 9.85 7.33 5.89

Cellnex Telecom Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.67 7.44 6.58 5.89 5.79

CLNXF vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Cellnex Telecom'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.


Cellnex Telecom Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


CLNXF
79GF Score
Cellnex Telecom SA CLNXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cellnex Telecom 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.

Cellnex Telecom's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.265/5.29
=5.53

* 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.

Cellnex Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Cellnex Telecom's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.691/129.8600*129.8600
=1.691

Current CPI (Mar. 2026) = 129.8600.

Cellnex Telecom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.566 100.333 0.733
201609 0.741 99.737 0.965
201612 0.522 101.842 0.666
201703 0.668 100.896 0.860
201706 0.634 101.848 0.808
201709 0.848 101.524 1.085
201712 0.699 102.975 0.881
201803 0.875 102.122 1.113
201806 0.791 104.165 0.986
201809 0.936 103.818 1.171
201812 0.754 104.193 0.940
201903 0.738 103.488 0.926
201906 0.704 104.612 0.874
201909 0.697 103.905 0.871
201912 0.615 105.015 0.761
202003 0.887 103.469 1.113
202006 0.873 104.254 1.087
202009 0.996 103.521 1.249
202012 0.959 104.456 1.192
202103 0.889 104.857 1.101
202106 0.907 107.102 1.100
202109 1.286 107.669 1.551
202112 1.130 111.298 1.318
202203 1.346 115.153 1.518
202206 1.176 118.044 1.294
202209 1.398 117.221 1.549
202212 1.015 117.650 1.120
202303 1.348 118.948 1.472
202306 1.508 120.278 1.628
202309 1.389 121.343 1.486
202312 2.989 121.300 3.200
202403 1.457 122.762 1.541
202406 1.582 124.409 1.651
202409 1.545 123.121 1.630
202412 3.026 124.753 3.150
202503 1.499 125.531 1.551
202506 1.760 127.251 1.796
202509 1.711 126.840 1.752
202512 2.056 128.400 2.079
202603 1.691 129.860 1.691

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 5.53 mean?
Cellnex Telecom (CLNXF) has a Cyclically Adjusted PS Ratio of 5.53 as of Jul. 17, 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 Cellnex Telecom and its competitors. This is 29% below median its historical median of 7.83. Over the past decade, Cellnex Telecom's Cyclically Adjusted PS Ratio has ranged from 5.18 to 10.61. According to the industry distribution chart, Cellnex Telecom ranks #1046 out of 1358 companies in the Real Estate industry, placing it in the top 77%.
Is Cellnex Telecom's Cyclically Adjusted PS Ratio too high?
Cellnex Telecom's current Cyclically Adjusted PS Ratio of 5.53 is 29% below median its 10-year median of 7.83. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 10.61. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.85. Cellnex Telecom's value of 5.53 is 198.9% above this industry median. Based on the distribution chart, Cellnex Telecom ranks #1046 out of 1358 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Cellnex Telecom has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cellnex Telecom's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cellnex Telecom ranks #1046 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Cellnex Telecom in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Cellnex Telecom's value of 5.53 is 198.9% above this benchmark. Historically, Cellnex Telecom's own Cyclically Adjusted PS Ratio has ranged from 5.18 to 10.61 over the past decade. While the company's 10-year median is 7.83 vs. the industry median of 1.85, Cellnex Telecom 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 1.85, based on 1,358 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. Cellnex Telecom's current Cyclically Adjusted PS Ratio of 5.53 is 198.9% 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 Cellnex Telecom and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cellnex Telecom's current Cyclically Adjusted PS Ratio is 5.53, which is 29% below median its own 10-year median of 7.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cellnex Telecom stock overvalued right now?
Based on GuruFocus' analysis, Cellnex Telecom (CLNXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $36.80, compared to a current price of $29.27 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.53, which is 29% below median its 10-year median of 7.83 and 198.9% above the Real Estate industry median of 1.85. Cellnex Telecom's overall GF Score™ is 79/100 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 Cellnex Telecom (CLNXF), the current Cyclically Adjusted PS Ratio is 5.53 as of Jul. 17, 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 Cellnex Telecom (CLNXF) Overvalued in 2026?

Based on GuruFocus' analysis, Cellnex Telecom stock appears to be undervalued. The current stock price of $29.27 is trading 20.5% below its estimated GF Value™ of $36.80. GuruFocus considers Cellnex Telecom to be Modestly Undervalued.

Key valuation signals for CLNXF:

  • Cyclically Adjusted PS Ratio: 5.53 (29% below median its 10-year median of 7.83)
  • GF Value™: $36.80 vs. price of $29.27 (20.5% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 198.9% above the Real Estate median (#1046 of 1358)

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


Cellnex Telecom Business Description

Address Paseo Zona Franca, 105, Barcelona, ESP, 08038
Cellnex owns and operates more than 100,000 wireless towers in Europe, the result of continued merger and acquisition activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in France, Italy, Spain, Poland, and the United Kingdom, among others.
79GF Score

Get the complete analysis for CLNXF

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

$29.27
Price
$36.80
GF Value