Digital Realty Trust (FRA:FQI) Cyclically Adjusted PS Ratio: 9.02 (As of Sep. 16, 2026) — Near 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:FQI Digital Realty Trust Inc FRA:FQI
76 GF Score
Price €154.75
GF Value €162.05
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Digital Realty Trust Cyclically Adjusted PS Ratio?

Digital Realty Trust FRA:FQI -0.23% 76 Cyclically Adjusted PS Ratio is 9.02 as of Sep. 16, 2026, which is 2% below its 10-year median of 9.18. GuruFocus rates FRA:FQI with a GF Score™ of 76/100 and a GF Value™ of €162.05 (Fairly Valued). The stock has 10 warning signs investors should review. Among 544 REITs companies, Digital Realty Trust ranks worse than 84.74% on this metric.

As of today (2026-09-16), Digital Realty Trust's current share price is €154.75. Digital Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €17.16. Digital Realty Trust's Cyclically Adjusted PS Ratio for today is 9.02.

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

FRA:FQI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.32   Med: 9.18   Max: 11.62
Current: 9.89

During the past years, Digital Realty Trust's highest Cyclically Adjusted PS Ratio was 11.62. The lowest was 5.32. And the median was 9.18.

FRA:FQI's Cyclically Adjusted PS Ratio is ranked worse than
84.74% of 544 companies
in the REITs industry
Industry Median: 5.635 vs FRA:FQI: 9.89

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.

Digital Realty Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was €4.577. 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 €17.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Realty Trust  (FRA:FQI) 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.


Digital Realty Trust Cyclically Adjusted PS Ratio Related Terms


Digital Realty Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Digital 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.

Digital Realty Trust Cyclically Adjusted PS Ratio Chart

Digital 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 11.91 6.62 8.07 10.59 8.02

Digital 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 8.87 8.75 7.89 9.08 9.17

FRA:FQI vs AMT, IRM, EQIX: Cyclically Adjusted PS Ratio Comparison

For the REIT - Specialty subindustry, Digital 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.


Digital Realty Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

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


FRA:FQI
76GF Score
Digital Realty Trust Inc FRA:FQI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=154.75/17.158
=9.02

* 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.

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

For example, Digital 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)
=4.577/333.9520*333.9520
=4.577

Current CPI (Jun. 2026) = 333.9520.

Digital Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.277 241.428 4.533
201612 3.349 241.432 4.632
201703 3.220 243.801 4.411
201706 3.179 244.955 4.334
201709 3.053 246.819 4.131
201712 3.013 246.524 4.082
201803 2.933 249.554 3.925
201806 3.067 251.989 4.065
201809 3.197 252.439 4.229
201812 3.293 251.233 4.377
201903 3.440 254.202 4.519
201906 3.403 256.143 4.437
201909 3.457 256.759 4.496
201912 3.382 256.974 4.395
202003 3.329 258.115 4.307
202006 3.370 257.797 4.366
202009 3.246 260.280 4.165
202012 3.171 260.474 4.066
202103 3.211 264.877 4.048
202106 3.213 271.696 3.949
202109 3.387 274.310 4.123
202112 4.468 278.802 5.352
202203 3.526 287.504 4.096
202206 3.750 296.311 4.226
202209 3.993 296.808 4.493
202212 4.009 296.797 4.511
202303 4.117 301.836 4.555
202306 4.091 305.109 4.478
202309 4.141 307.789 4.493
202312 4.166 306.746 4.535
202403 3.823 312.332 4.088
202406 3.843 314.175 4.085
202409 3.875 315.301 4.104
202412 3.951 315.605 4.181
202503 3.880 319.799 4.052
202506 3.810 322.561 3.945
202509 3.865 324.800 3.974
202512 4.185 324.054 4.313
202603 3.890 330.213 3.934
202606 4.577 333.952 4.577

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 9.02 mean?
Digital Realty Trust (FRA:FQI) has a Cyclically Adjusted PS Ratio of 9.02 as of Sep. 16, 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 Digital Realty Trust and its competitors. This is near median its historical median of 9.18. Over the past decade, Digital Realty Trust's Cyclically Adjusted PS Ratio has ranged from 5.32 to 11.62. According to the industry distribution chart, Digital Realty Trust ranks #461 out of 544 companies in the REITs industry, placing it in the top 84.7%.
Is Digital Realty Trust's Cyclically Adjusted PS Ratio too high?
Digital Realty Trust's current Cyclically Adjusted PS Ratio of 9.02 is near median its 10-year median of 9.18. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 11.62. The REITs industry median Cyclically Adjusted PS Ratio is 5.64. Digital Realty Trust's value of 9.02 is 60.1% above this industry median. Based on the distribution chart, Digital Realty Trust ranks #461 out of 544 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Digital Realty Trust has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's Cyclically Adjusted PS Ratio compare to AMT and IRM?
According to the REITs industry distribution chart, Digital Realty Trust ranks #461 out of 544 companies for Cyclically Adjusted PS Ratio. This places Digital Realty Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.64. Digital Realty Trust's value of 9.02 is 60.1% above this benchmark. Historically, Digital Realty Trust's own Cyclically Adjusted PS Ratio has ranged from 5.32 to 11.62 over the past decade. While the company's 10-year median is 9.18 vs. the industry median of 5.64, Digital Realty Trust 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 5.64, based on 544 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. Digital Realty Trust's current Cyclically Adjusted PS Ratio of 9.02 is 60.1% 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 Digital Realty Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current Cyclically Adjusted PS Ratio is 9.02, which is near median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (FRA:FQI) is currently considered Fairly Valued. The stock's GF Value™ is €162.05, compared to a current price of €154.75 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.02, which is near median its 10-year median of 9.18 and 60.1% above the REITs industry median of 5.64. Digital Realty Trust's overall GF Score™ is 76/100 with 10 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 Digital Realty Trust (FRA:FQI), the current Cyclically Adjusted PS Ratio is 9.02 as of Sep. 16, 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 Digital Realty Trust (FRA:FQI) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Realty Trust stock appears to be undervalued. The current stock price of €154.75 is trading 4.5% below its estimated GF Value™ of €162.05. GuruFocus considers Digital Realty Trust to be Fairly Valued.

Key valuation signals for FRA:FQI:

  • Cyclically Adjusted PS Ratio: 9.02 (near median its 10-year median of 9.18)
  • GF Value™: €162.05 vs. price of €154.75 (4.5% below fair value)
  • GF Score™: 76/100 with 10 warning signs
  • Industry Position: 60.1% above the REITs median (#461 of 544)

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


Digital Realty Trust Business Description

Industry Real EstateREITs
Address 2323 Bryan Street, Suite 1800, Dallas, TX, USA, 75201
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
76GF Score

Get the complete analysis for FRA:FQI

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

€154.75
Price
€162.05
GF Value