First Real Estate Investment TrustFESNF 43 Cyclically Adjusted PS Ratio is 2.38 as of Jul. 05, 2026, which is 3% above its 10-year median of 2.32. GuruFocus rates FESNF with a GF Score™ of 43/100 and a GF Value™ of $0.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 556 REITs companies, First Real Estate Investment Trust ranks better than 84.53% on this metric.
The historical rank and industry rank for First Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:
FESNF'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.69 Med: 2.32 Max: 12.82
Current: 2.11
During the past 13 years, First Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 12.82. The lowest was 1.69. And the median was 2.32.
FESNF's Cyclically Adjusted PS Ratio is ranked better than 84.53% of 556
companies
in the REITs industry
Industry Median: 5.905
vs FESNF: 2.11
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.
First Real Estate Investment Trust's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $0.037. 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 $0.08 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
First Real Estate Investment Trust (OTCPK:FESNF) 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.
First Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms
First Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data
* 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.
First Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart
FESNF vs WELL, VTR, DOC: Cyclically Adjusted PS Ratio Comparison
For the REIT - Healthcare Facilities subindustry, First Real Estate Investment 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.
First Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, First Real Estate Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where First Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.
First Real Estate Investment 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.
* 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.
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 2.38 mean?
First Real Estate Investment Trust (FESNF) has a Cyclically Adjusted PS Ratio of 2.38 as of Jul. 05, 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 First Real Estate Investment Trust and its competitors. This is near median its historical median of 2.32. Over the past decade, First Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 1.69 to 12.82. According to the industry distribution chart, First Real Estate Investment Trust ranks #86 out of 556 companies in the REITs industry, placing it in the top 15.5%.
Is First Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
First Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 2.38 is near median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 12.82. The REITs industry median Cyclically Adjusted PS Ratio is 5.91. First Real Estate Investment Trust's value of 2.38 is 59.7% below this industry median. Based on the distribution chart, First Real Estate Investment Trust ranks #86 out of 556 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, First Real Estate Investment Trust has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to WELL and VTR?
According to the REITs industry distribution chart, First Real Estate Investment Trust ranks #86 out of 556 companies for Cyclically Adjusted PS Ratio. This places First Real Estate Investment Trust in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.91. First Real Estate Investment Trust's value of 2.38 is 59.7% below this benchmark. Historically, First Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 1.69 to 12.82 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 5.91, First Real Estate Investment 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 5.91, based on 556 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. First Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 2.38 is 59.7% 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 First Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 2.38, which is near median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, First Real Estate Investment Trust (FESNF) is currently considered Fairly Valued. The stock's GF Value™ is $0.21, compared to a current price of $0.19 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.38, which is near median its 10-year median of 2.32 and 59.7% below the REITs industry median of 5.91. First Real Estate Investment Trust's overall GF Score™ is 43/100 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 First Real Estate Investment Trust (FESNF), the current Cyclically Adjusted PS Ratio is 2.38 as of Jul. 05, 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 First Real Estate Investment Trust (FESNF) Overvalued in 2026?
Based on GuruFocus' analysis, First Real Estate Investment Trust stock appears to be undervalued.
The current stock price of $0.19 is trading 9.5% below its estimated GF Value™ of $0.21.
GuruFocus considers First Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for FESNF:
Cyclically Adjusted PS Ratio: 2.38 (near median its 10-year median of 2.32)
GF Value™: $0.21 vs. price of $0.19 (9.5% below fair value)
Industry Position: 59.7% below the REITs median (#86 of 556)
No single metric tells the full story. See the FESNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Real Estate Investment Trust Business Description
First Real Estate Investment Trust is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. The Trust has a portfolio of 32 properties across Asia. These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, one integrated hospital & hotel, and one hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan.
43GF Score
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