FCAFF (Firm Capital Apartment REIT) Cyclically Adjusted PS Ratio: 2.67 (As of Jul. 27, 2026) — 25% Below Median

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FCAFF Firm Capital Apartment REIT FCAFF
68 GF Score
Price $2.75
GF Value $2.36
! 5 Warning Signs
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What is Firm Capital Apartment REIT Cyclically Adjusted PS Ratio?

Firm Capital Apartment REIT FCAFF 68 Cyclically Adjusted PS Ratio is 2.67 as of Jul. 27, 2026, which is 25% below its 10-year median of 3.56. GuruFocus rates FCAFF with a GF Score™ of 68/100 and a GF Value™ of $2.36. The stock has 5 warning signs investors should review. Among 549 REITs companies, Firm Capital Apartment REIT ranks better than 77.41% on this metric.

As of today (2026-07-27), Firm Capital Apartment REIT's current share price is $2.75. Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.03. Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio for today is 2.67.

The historical rank and industry rank for Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

FCAFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 3.56   Max: 11.04
Current: 2.78

During the past years, Firm Capital Apartment REIT's highest Cyclically Adjusted PS Ratio was 11.04. The lowest was 1.37. And the median was 3.56.

FCAFF's Cyclically Adjusted PS Ratio is ranked better than
77.41% of 549 companies
in the REITs industry
Industry Median: 5.87 vs FCAFF: 2.78

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.

Firm Capital Apartment REIT's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.197. 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 $1.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Firm Capital Apartment REIT  (OTCPK:FCAFF) 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.


Firm Capital Apartment REIT Cyclically Adjusted PS Ratio Related Terms


Firm Capital Apartment REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Firm Capital Apartment REIT'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.

Firm Capital Apartment REIT Cyclically Adjusted PS Ratio Chart

Firm Capital Apartment REIT 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 4.29 2.28 1.60 2.98 2.71

Firm Capital Apartment REIT 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 2.79 3.22 3.22 2.71 2.68

FCAFF vs AVB, EQR, ESS: Cyclically Adjusted PS Ratio Comparison

For the REIT - Residential subindustry, Firm Capital Apartment REIT'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.


Firm Capital Apartment REIT Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio falls into.


FCAFF
68GF Score
Firm Capital Apartment REIT FCAFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Firm Capital Apartment REIT 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.

Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.75/1.03
=2.67

* 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.

Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Firm Capital Apartment REIT'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)
=0.197/132.2623*132.2623
=0.197

Current CPI (Mar. 2026) = 132.2623.

Firm Capital Apartment REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.487 102.002 0.631
201609 0.491 101.765 0.638
201612 0.661 101.449 0.862
201703 0.239 102.634 0.308
201706 0.225 103.029 0.289
201709 0.164 103.345 0.210
201712 0.156 103.345 0.200
201803 0.127 105.004 0.160
201806 0.135 105.557 0.169
201809 0.167 105.636 0.209
201812 0.153 105.399 0.192
201903 0.154 106.979 0.190
201906 0.155 107.690 0.190
201909 0.156 107.611 0.192
201912 0.154 107.769 0.189
202003 0.126 107.927 0.154
202006 0.123 108.401 0.150
202009 0.127 108.164 0.155
202012 0.135 108.559 0.164
202103 0.137 110.298 0.164
202106 0.168 111.720 0.199
202109 0.234 112.905 0.274
202112 0.230 113.774 0.267
202203 0.269 117.646 0.302
202206 0.401 120.806 0.439
202209 0.424 120.648 0.465
202212 0.430 120.964 0.470
202303 0.460 122.702 0.496
202306 0.448 124.203 0.477
202309 0.368 125.230 0.389
202312 0.283 125.072 0.299
202403 0.311 126.258 0.326
202406 0.250 127.522 0.259
202409 0.205 127.285 0.213
202412 0.202 127.364 0.210
202503 0.202 129.181 0.207
202506 0.200 129.892 0.204
202509 0.204 130.287 0.207
202512 0.199 130.366 0.202
202603 0.197 132.262 0.197

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 2.67 mean?
Firm Capital Apartment REIT (FCAFF) has a Cyclically Adjusted PS Ratio of 2.67 as of Jul. 27, 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 Firm Capital Apartment REIT and its competitors. This is 25% below median its historical median of 3.56. Over the past decade, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio has ranged from 1.37 to 11.04. According to the industry distribution chart, Firm Capital Apartment REIT ranks #124 out of 549 companies in the REITs industry, placing it in the top 22.6%.
Is Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio too high?
Firm Capital Apartment REIT's current Cyclically Adjusted PS Ratio of 2.67 is 25% below median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 11.04. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. Firm Capital Apartment REIT's value of 2.67 is 54.5% below this industry median. Based on the distribution chart, Firm Capital Apartment REIT ranks #124 out of 549 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Firm Capital Apartment REIT has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Firm Capital Apartment REIT ranks #124 out of 549 companies for Cyclically Adjusted PS Ratio. This places Firm Capital Apartment REIT in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.87. Firm Capital Apartment REIT's value of 2.67 is 54.5% below this benchmark. Historically, Firm Capital Apartment REIT's own Cyclically Adjusted PS Ratio has ranged from 1.37 to 11.04 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 5.87, Firm Capital Apartment REIT 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 5.87, based on 549 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. Firm Capital Apartment REIT's current Cyclically Adjusted PS Ratio of 2.67 is 54.5% 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 Firm Capital Apartment REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firm Capital Apartment REIT's current Cyclically Adjusted PS Ratio is 2.67, which is 25% below median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firm Capital Apartment REIT stock overvalued right now?
Firm Capital Apartment REIT (FCAFF) has a current Cyclically Adjusted PS Ratio of 2.67. The stock's GF Value™ is $2.36, compared to a current price of $2.75 — trading 16.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.67, which is 25% below median its 10-year median of 3.56 and 54.5% below the REITs industry median of 5.87. Firm Capital Apartment REIT's overall GF Score™ is 68/100 with 5 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 Firm Capital Apartment REIT (FCAFF), the current Cyclically Adjusted PS Ratio is 2.67 as of Jul. 27, 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 Firm Capital Apartment REIT (FCAFF) Overvalued in 2026?

Based on GuruFocus' analysis, Firm Capital Apartment REIT stock appears to be overvalued. The current stock price of $2.75 is trading 16.5% above its estimated GF Value™ of $2.36.

Key valuation signals for FCAFF:

  • Cyclically Adjusted PS Ratio: 2.67 (25% below median its 10-year median of 3.56)
  • GF Value™: $2.36 vs. price of $2.75 (16.5% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 54.5% below the REITs median (#124 of 549)

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


Firm Capital Apartment REIT Business Description

Industry Real EstateREITs
Other Exchanges FCA.U:CanadaFCA.UN:Canada
Address 163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Apartment REIT is a real estate investment trust that pursues multi-residential income-producing real estate and related debt investments on both a wholly owned and joint venture basis. The Trust generates its revenue from the USA.
68GF Score

Get the complete analysis for FCAFF

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

$2.75
Price
$2.36
GF Value