Phillips Edison (FRA:9R4) Cyclically Adjusted PS Ratio: 7.18 (As of Aug. 04, 2026) — 10% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:9R4 Phillips Edison & Co Inc FRA:9R4
77 GF Score
Price €36.40
GF Value €34.95
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Phillips Edison Cyclically Adjusted PS Ratio?

Phillips Edison FRA:9R4 77 Cyclically Adjusted PS Ratio is 7.18 as of Aug. 04, 2026, which is 10% above its 10-year median of 6.55. GuruFocus rates FRA:9R4 with a GF Score™ of 77/100 and a GF Value™ of €34.95 (Fairly Valued). The stock has 8 warning signs investors should review. Among 545 REITs companies, Phillips Edison ranks worse than 64.04% on this metric.

As of today (2026-08-04), Phillips Edison's current share price is €36.40. Phillips Edison's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.07. Phillips Edison's Cyclically Adjusted PS Ratio for today is 7.18.

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

FRA:9R4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.91   Med: 6.55   Max: 7.64
Current: 7.32

During the past years, Phillips Edison's highest Cyclically Adjusted PS Ratio was 7.64. The lowest was 5.91. And the median was 6.55.

FRA:9R4's Cyclically Adjusted PS Ratio is ranked worse than
64.04% of 545 companies
in the REITs industry
Industry Median: 5.87 vs FRA:9R4: 7.32

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.

Phillips Edison's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.182. 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 €5.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Phillips Edison  (FRA:9R4) 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.


Phillips Edison Cyclically Adjusted PS Ratio Related Terms


Phillips Edison Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Phillips Edison'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.

Phillips Edison Cyclically Adjusted PS Ratio Chart

Phillips Edison 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 6.84 6.35

Phillips Edison 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 6.27 6.11 6.35 6.56 7.22

FRA:9R4 vs KRG, SKT, EPRT: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Phillips Edison'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.


Phillips Edison Cyclically Adjusted PS Ratio vs REITs Industry

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

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


FRA:9R4
77GF Score
Phillips Edison & Co Inc FRA:9R4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phillips Edison 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.

Phillips Edison's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.40/5.07
=7.18

* 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.

Phillips Edison's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Phillips Edison'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)
=1.182/333.9520*333.9520
=1.182

Current CPI (Jun. 2026) = 333.9520.

Phillips Edison Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.931 241.428 1.288
201612 1.004 241.432 1.389
201703 1.030 243.801 1.411
201706 1.003 244.955 1.367
201709 0.953 246.819 1.289
201712 1.145 246.524 1.551
201803 1.090 249.554 1.459
201806 1.169 251.989 1.549
201809 1.182 252.439 1.564
201812 1.120 251.233 1.489
201903 1.084 254.202 1.424
201906 1.079 256.143 1.407
201909 1.134 256.759 1.475
201912 1.107 256.974 1.439
202003 1.072 258.115 1.387
202006 0.952 257.797 1.233
202009 0.967 260.280 1.241
202012 0.893 260.474 1.145
202103 1.024 264.877 1.291
202106 1.031 271.696 1.267
202109 0.918 274.310 1.118
202112 0.935 278.802 1.120
202203 1.005 287.504 1.167
202206 1.044 296.311 1.177
202209 1.118 296.808 1.258
202212 1.038 296.797 1.168
202303 1.069 301.836 1.183
202306 1.065 305.109 1.166
202309 1.076 307.789 1.167
202312 1.050 306.746 1.143
202403 1.088 312.332 1.163
202406 1.100 314.175 1.169
202409 1.092 315.301 1.157
202412 1.198 315.605 1.268
202503 1.190 319.799 1.243
202506 1.109 322.561 1.148
202509 1.121 324.800 1.153
202512 1.156 324.054 1.191
202603 1.187 330.213 1.200
202606 1.182 333.952 1.182

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 7.18 mean?
Phillips Edison (FRA:9R4) has a Cyclically Adjusted PS Ratio of 7.18 as of Aug. 04, 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 Phillips Edison and its competitors. This is 10% above median its historical median of 6.55. Over the past decade, Phillips Edison's Cyclically Adjusted PS Ratio has ranged from 5.91 to 7.64. According to the industry distribution chart, Phillips Edison ranks #349 out of 545 companies in the REITs industry, placing it in the top 64%.
Is Phillips Edison's Cyclically Adjusted PS Ratio too high?
Phillips Edison's current Cyclically Adjusted PS Ratio of 7.18 is 10% above median its 10-year median of 6.55. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 7.64. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. Phillips Edison's value of 7.18 is 22.3% above this industry median. Based on the distribution chart, Phillips Edison ranks #349 out of 545 companies in the REITs industry, which is below the industry midpoint. Overall, Phillips Edison has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's Cyclically Adjusted PS Ratio compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #349 out of 545 companies for Cyclically Adjusted PS Ratio. This places Phillips Edison in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.87. Phillips Edison's value of 7.18 is 22.3% above this benchmark. Historically, Phillips Edison's own Cyclically Adjusted PS Ratio has ranged from 5.91 to 7.64 over the past decade. While the company's 10-year median is 6.55 vs. the industry median of 5.87, Phillips Edison 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 REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.87, based on 545 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. Phillips Edison's current Cyclically Adjusted PS Ratio of 7.18 is 22.3% 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 Phillips Edison 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. Phillips Edison's current Cyclically Adjusted PS Ratio is 7.18, which is 10% above median its own 10-year median of 6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (FRA:9R4) is currently considered Fairly Valued. The stock's GF Value™ is €34.95, compared to a current price of €36.40 — trading 4.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.18, which is 10% above median its 10-year median of 6.55 and 22.3% above the REITs industry median of 5.87. Phillips Edison's 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 Phillips Edison (FRA:9R4), the current Cyclically Adjusted PS Ratio is 7.18 as of Aug. 04, 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 Phillips Edison (FRA:9R4) Overvalued in 2026?

Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued. The current stock price of €36.40 is trading 4.1% above its estimated GF Value™ of €34.95. GuruFocus considers Phillips Edison to be Fairly Valued.

Key valuation signals for FRA:9R4:

  • Cyclically Adjusted PS Ratio: 7.18 (10% above median its 10-year median of 6.55)
  • GF Value™: €34.95 vs. price of €36.40 (4.1% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 22.3% above the REITs median (#349 of 545)

No single metric tells the full story. See the FRA:9R4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phillips Edison Business Description

Industry Real EstateREITs
Other Exchanges PECO:USA
Address 11501 Northlake Drive, Cincinnati, OH, USA, 45249
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
77GF Score

Get the complete analysis for FRA:9R4

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

€36.40
Price
€34.95
GF Value