FBRT (Franklin BSP Realty Trust) Cyclically Adjusted PS Ratio: 1.44 (As of Aug. 19, 2026) — Near Median

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FBRT Franklin BSP Realty Trust Inc FBRT
64 GF Score
Price $8.03
GF Value $9.38
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Franklin BSP Realty Trust Cyclically Adjusted PS Ratio?

Franklin BSP Realty Trust FBRT 64 Cyclically Adjusted PS Ratio is 1.44 as of Aug. 19, 2026, which is 1% below its 10-year median of 1.45. GuruFocus rates FBRT with a GF Score™ of 64/100 and a GF Value™ of $9.38 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 541 REITs companies, Franklin BSP Realty Trust ranks better than 90.57% on this metric.

As of today (2026-08-19), Franklin BSP Realty Trust's current share price is $8.03. Franklin BSP Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $5.56. Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio for today is 1.44.

The historical rank and industry rank for Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FBRT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 1.45   Max: 1.47
Current: 1.45

During the past years, Franklin BSP Realty Trust's highest Cyclically Adjusted PS Ratio was 1.47. The lowest was 1.37. And the median was 1.45.

FBRT's Cyclically Adjusted PS Ratio is ranked better than
90.57% of 541 companies
in the REITs industry
Industry Median: 5.78 vs FBRT: 1.45

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.

Franklin BSP Realty Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was $1.372. 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 $5.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franklin BSP Realty Trust  (NYSE:FBRT) 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.


Franklin BSP Realty Trust Cyclically Adjusted PS Ratio Related Terms


Franklin BSP Realty Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Franklin BSP Realty Trust'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.

Franklin BSP Realty Trust Cyclically Adjusted PS Ratio Chart

Franklin BSP Realty Trust 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 0.00 0.00 0.00

Franklin BSP Realty Trust 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 0.00 0.00 0.00 0.00 1.47

FBRT vs RWT, TRTX, BRSP: Cyclically Adjusted PS Ratio Comparison

For the REIT - Mortgage subindustry, Franklin BSP Realty Trust'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.


Franklin BSP Realty Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio falls into.


FBRT
64GF Score
Franklin BSP Realty Trust Inc FBRT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Franklin BSP Realty Trust 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.

Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.03/5.56
=1.44

* 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.

Franklin BSP Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Franklin BSP Realty Trust'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)
=1.372/333.9520*333.9520
=1.372

Current CPI (Jun. 2026) = 333.9520.

Franklin BSP Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.455 241.428 0.629
201612 0.419 241.432 0.580
201703 0.424 243.801 0.581
201706 0.468 244.955 0.638
201709 0.499 246.819 0.675
201712 0.621 246.524 0.841
201803 0.661 249.554 0.885
201806 0.767 251.989 1.016
201809 0.965 252.439 1.277
201812 1.030 251.233 1.369
201903 1.045 254.202 1.373
201906 1.084 256.143 1.413
201909 1.158 256.759 1.506
201912 1.174 256.974 1.526
202003 1.112 258.115 1.439
202006 0.990 257.797 1.282
202009 1.021 260.280 1.310
202012 1.015 260.474 1.301
202103 0.969 264.877 1.222
202106 1.122 271.696 1.379
202109 1.103 274.310 1.343
202112 1.959 278.802 2.347
202203 1.765 287.504 2.050
202206 0.956 296.311 1.077
202209 1.153 296.808 1.297
202212 1.462 296.797 1.645
202303 1.617 301.836 1.789
202306 1.937 305.109 2.120
202309 1.707 307.789 1.852
202312 1.658 306.746 1.805
202403 1.650 312.332 1.764
202406 1.682 314.175 1.788
202409 1.706 315.301 1.807
202412 1.669 315.605 1.766
202503 1.471 319.799 1.536
202506 1.454 322.561 1.505
202509 1.509 324.800 1.552
202512 1.381 324.054 1.423
202603 1.457 330.213 1.473
202606 1.372 333.952 1.372

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 1.44 mean?
Franklin BSP Realty Trust (FBRT) has a Cyclically Adjusted PS Ratio of 1.44 as of Aug. 19, 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 Franklin BSP Realty Trust and its competitors. This is near median its historical median of 1.45. Over the past decade, Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio has ranged from 1.37 to 1.47. According to the industry distribution chart, Franklin BSP Realty Trust ranks #51 out of 541 companies in the REITs industry, placing it in the top 9.4%.
Is Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio too high?
Franklin BSP Realty Trust's current Cyclically Adjusted PS Ratio of 1.44 is near median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 1.47. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Franklin BSP Realty Trust's value of 1.44 is 75.1% below this industry median. Based on the distribution chart, Franklin BSP Realty Trust ranks #51 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Franklin BSP Realty Trust has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franklin BSP Realty Trust's Cyclically Adjusted PS Ratio compare to RWT and TRTX?
According to the REITs industry distribution chart, Franklin BSP Realty Trust ranks #51 out of 541 companies for Cyclically Adjusted PS Ratio. This places Franklin BSP Realty Trust in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.78. Franklin BSP Realty Trust's value of 1.44 is 75.1% below this benchmark. Historically, Franklin BSP Realty Trust's own Cyclically Adjusted PS Ratio has ranged from 1.37 to 1.47 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 5.78, Franklin BSP Realty Trust 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 5.78, 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. Franklin BSP Realty Trust's current Cyclically Adjusted PS Ratio of 1.44 is 75.1% 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 Franklin BSP Realty Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin BSP Realty Trust's current Cyclically Adjusted PS Ratio is 1.44, which is near median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin BSP Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Franklin BSP Realty Trust (FBRT) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.38, compared to a current price of $8.03 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.44, which is near median its 10-year median of 1.45 and 75.1% below the REITs industry median of 5.78. Franklin BSP Realty Trust's overall GF Score™ is 64/100 with 9 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 Franklin BSP Realty Trust (FBRT), the current Cyclically Adjusted PS Ratio is 1.44 as of Aug. 19, 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 Franklin BSP Realty Trust (FBRT) Overvalued in 2026?

Based on GuruFocus' analysis, Franklin BSP Realty Trust stock appears to be undervalued. The current stock price of $8.03 is trading 14.4% below its estimated GF Value™ of $9.38. GuruFocus considers Franklin BSP Realty Trust to be Modestly Undervalued.

Key valuation signals for FBRT:

  • Cyclically Adjusted PS Ratio: 1.44 (near median its 10-year median of 1.45)
  • GF Value™: $9.38 vs. price of $8.03 (14.4% below fair value)
  • GF Score™: 64/100 with 9 warning signs
  • Industry Position: 75.1% below the REITs median (#51 of 541)

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


Franklin BSP Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges 6VH:Germany
Address 1 Madison Avenue, New York, NY, USA, 10010
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States. The Company's operations are organized into two business units: (i) Commercial Real Estate Financing, and (ii) Agency Business. Its four reporting segments are as follows: The real estate debt business, The Agency Business, The commercial real estate conduit business, and The real estate owned business.
64GF Score

Get the complete analysis for FBRT

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

$8.03
Price
$9.38
GF Value