Freehold Royalties (FRA:1FH) Cyclically Adjusted PS Ratio: 9.12 (As of Jul. 29, 2026) — 62% Above Median

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FRA:1FH Freehold Royalties Ltd FRA:1FH
77 GF Score
Price €10.31
GF Value €8.16
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Freehold Royalties Cyclically Adjusted PS Ratio?

Freehold Royalties FRA:1FH +0.10% 77 Cyclically Adjusted PS Ratio is 9.12 as of Jul. 29, 2026, which is 62% above its 10-year median of 5.62. GuruFocus rates FRA:1FH with a GF Score™ of 77/100 and a GF Value™ of €8.16 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 707 Oil & Gas companies, Freehold Royalties ranks worse than 95.76% on this metric.

As of today (2026-07-29), Freehold Royalties's current share price is €10.31. Freehold Royalties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.13. Freehold Royalties's Cyclically Adjusted PS Ratio for today is 9.12.

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

FRA:1FH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.21   Med: 5.62   Max: 10.1
Current: 9.07

During the past years, Freehold Royalties's highest Cyclically Adjusted PS Ratio was 10.10. The lowest was 1.21. And the median was 5.62.

FRA:1FH's Cyclically Adjusted PS Ratio is ranked worse than
95.76% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs FRA:1FH: 9.07

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.

Freehold Royalties's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.299. 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 €1.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freehold Royalties  (FRA:1FH) 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.


Freehold Royalties Cyclically Adjusted PS Ratio Related Terms


Freehold Royalties Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Freehold Royalties'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.

Freehold Royalties Cyclically Adjusted PS Ratio Chart

Freehold Royalties 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 6.19 8.18 7.35 7.36 8.56

Freehold Royalties 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 7.20 7.22 7.76 8.56 9.57

FRA:1FH vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


Freehold Royalties Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Freehold Royalties's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:1FH
77GF Score
Freehold Royalties Ltd FRA:1FH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Freehold Royalties 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.

Freehold Royalties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.31/1.13
=9.12

* 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.

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

For example, Freehold Royalties'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)
=0.299/132.2623*132.2623
=0.299

Current CPI (Mar. 2026) = 132.2623.

Freehold Royalties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.208 102.002 0.270
201609 0.190 101.765 0.247
201612 0.240 101.449 0.313
201703 0.243 102.634 0.313
201706 0.218 103.029 0.280
201709 0.196 103.345 0.251
201712 0.215 103.345 0.275
201803 0.207 105.004 0.261
201806 0.221 105.557 0.277
201809 0.225 105.636 0.282
201812 0.137 105.399 0.172
201903 0.199 106.979 0.246
201906 0.199 107.690 0.244
201909 0.192 107.611 0.236
201912 0.208 107.769 0.255
202003 0.144 107.927 0.176
202006 0.081 108.401 0.099
202009 0.125 108.164 0.153
202012 0.139 108.559 0.169
202103 0.188 110.298 0.225
202106 0.234 111.720 0.277
202109 0.259 112.905 0.303
202112 0.344 113.774 0.400
202203 0.416 117.646 0.468
202206 0.530 120.806 0.580
202209 0.493 120.648 0.540
202212 0.454 120.964 0.496
202303 0.346 122.702 0.373
202306 0.339 124.203 0.361
202309 0.387 125.230 0.409
202312 0.358 125.072 0.379
202403 0.334 126.258 0.350
202406 0.378 127.522 0.392
202409 0.325 127.285 0.338
202412 0.334 127.364 0.347
202503 0.356 129.181 0.364
202506 0.302 129.892 0.308
202509 0.279 130.287 0.283
202512 0.263 130.366 0.267
202603 0.299 132.262 0.299

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 9.12 mean?
Freehold Royalties (FRA:1FH) has a Cyclically Adjusted PS Ratio of 9.12 as of Jul. 29, 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 Freehold Royalties and its competitors. This is 62% above median its historical median of 5.62. Over the past decade, Freehold Royalties' Cyclically Adjusted PS Ratio has ranged from 1.21 to 10.10. According to the industry distribution chart, Freehold Royalties ranks #677 out of 707 companies in the Oil & Gas industry, placing it in the top 95.8%.
Is Freehold Royalties' Cyclically Adjusted PS Ratio too high?
Freehold Royalties' current Cyclically Adjusted PS Ratio of 9.12 is 62% above median its 10-year median of 5.62. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 10.10. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. Freehold Royalties' value of 9.12 is 768.6% above this industry median. Based on the distribution chart, Freehold Royalties ranks #677 out of 707 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Freehold Royalties has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freehold Royalties' Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Freehold Royalties ranks #677 out of 707 companies for Cyclically Adjusted PS Ratio. This places Freehold Royalties in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Freehold Royalties' value of 9.12 is 768.6% above this benchmark. Historically, Freehold Royalties' own Cyclically Adjusted PS Ratio has ranged from 1.21 to 10.10 over the past decade. While the company's 10-year median is 5.62 vs. the industry median of 1.05, Freehold Royalties 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.05, based on 707 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. Freehold Royalties's current Cyclically Adjusted PS Ratio of 9.12 is 768.6% 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 Freehold Royalties and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freehold Royalties's current Cyclically Adjusted PS Ratio is 9.12, which is 62% above median its own 10-year median of 5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freehold Royalties stock overvalued right now?
Based on GuruFocus' analysis, Freehold Royalties (FRA:1FH) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.16, compared to a current price of €10.31 — trading 26.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.12, which is 62% above median its 10-year median of 5.62 and 768.6% above the Oil & Gas industry median of 1.05. Freehold Royalties' overall GF Score™ is 77/100 with 8 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 Freehold Royalties (FRA:1FH), the current Cyclically Adjusted PS Ratio is 9.12 as of Jul. 29, 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 Freehold Royalties (FRA:1FH) Overvalued in 2026?

Based on GuruFocus' analysis, Freehold Royalties stock appears to be overvalued. The current stock price of €10.31 is trading 26.3% above its estimated GF Value™ of €8.16. GuruFocus considers Freehold Royalties to be Modestly Overvalued.

Key valuation signals for FRA:1FH:

  • Cyclically Adjusted PS Ratio: 9.12 (62% above median its 10-year median of 5.62)
  • GF Value™: €8.16 vs. price of €10.31 (26.3% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 768.6% above the Oil & Gas median (#677 of 707)

No single metric tells the full story. See the FRA:1FH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Freehold Royalties Business Description

Industry EnergyOil & Gas
Address 517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins located in the states of Texas, New Mexico, and North Dakota. The maximum revenue is generated from the Canada Segment.
77GF Score

Get the complete analysis for FRA:1FH

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

€10.31
Price
€8.16
GF Value