H&R Real Estate Investment Trust (FRA:HR3A) Cyclically Adjusted PS Ratio: 2.55 (As of Aug. 13, 2026) — Near Median

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FRA:HR3A H&R Real Estate Investment Trust FRA:HR3A
64 GF Score
Price €6.30
GF Value €5.35
! 8 Warning Signs
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What is H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio?

H&R Real Estate Investment Trust FRA:HR3A -5.31% 64 Cyclically Adjusted PS Ratio is 2.55 as of Aug. 13, 2026, which is 5% below its 10-year median of 2.69. GuruFocus rates FRA:HR3A with a GF Score™ of 64/100 and a GF Value™ of €5.35. The stock has 8 warning signs investors should review. Among 546 REITs companies, H&R Real Estate Investment Trust ranks better than 78.39% on this metric.

As of today (2026-08-13), H&R Real Estate Investment Trust's current share price is €6.297. H&R Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.47. H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 2.55.

The historical rank and industry rank for H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:HR3A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.69   Max: 3.93
Current: 2.61

During the past years, H&R Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 3.93. The lowest was 1.36. And the median was 2.69.

FRA:HR3A's Cyclically Adjusted PS Ratio is ranked better than
78.39% of 546 companies
in the REITs industry
Industry Median: 5.76 vs FRA:HR3A: 2.61

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.

H&R Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.439. 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 €2.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Real Estate Investment Trust  (FRA:HR3A) 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.


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for H&R Real Estate Investment 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.

H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

H&R Real Estate Investment 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 2.71 2.59 2.17 2.12 2.41

H&R Real Estate Investment Trust 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 2.29 2.45 2.62 2.41 2.31

FRA:HR3A vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, H&R 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.


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


FRA:HR3A
64GF Score
H&R Real Estate Investment Trust FRA:HR3A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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H&R 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.

H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.297/2.47
=2.55

* 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.

H&R Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, H&R Real Estate Investment Trust'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)
=0.439/132.2623*132.2623
=0.439

Current CPI (Mar. 2026) = 132.2623.

H&R Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.711 102.002 0.922
201609 0.702 101.765 0.912
201612 0.754 101.449 0.983
201703 0.718 102.634 0.925
201706 0.666 103.029 0.855
201709 0.683 103.345 0.874
201712 0.677 103.345 0.866
201803 0.646 105.004 0.814
201806 0.668 105.557 0.837
201809 0.659 105.636 0.825
201812 0.681 105.399 0.855
201903 0.692 106.979 0.856
201906 0.668 107.690 0.820
201909 0.675 107.611 0.830
201912 0.673 107.769 0.826
202003 0.656 107.927 0.804
202006 0.617 108.401 0.753
202009 0.608 108.164 0.743
202012 0.621 108.559 0.757
202103 0.621 110.298 0.745
202106 0.626 111.720 0.741
202109 0.625 112.905 0.732
202112 0.637 113.774 0.741
202203 0.509 117.646 0.572
202206 0.546 120.806 0.598
202209 0.614 120.648 0.673
202212 0.567 120.964 0.620
202303 0.560 122.702 0.604
202306 0.556 124.203 0.592
202309 0.556 125.230 0.587
202312 0.537 125.072 0.568
202403 0.544 126.258 0.570
202406 0.530 127.522 0.550
202409 0.509 127.285 0.529
202412 0.518 127.364 0.538
202503 0.505 129.181 0.517
202506 0.493 129.892 0.502
202509 0.473 130.287 0.480
202512 0.477 130.366 0.484
202603 0.439 132.262 0.439

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 2.55 mean?
H&R Real Estate Investment Trust (FRA:HR3A) has a Cyclically Adjusted PS Ratio of 2.55 as of Aug. 13, 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 H&R Real Estate Investment Trust and its competitors. This is near median its historical median of 2.69. Over the past decade, H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 1.36 to 3.93. According to the industry distribution chart, H&R Real Estate Investment Trust ranks #118 out of 546 companies in the REITs industry, placing it in the top 21.6%.
Is H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
H&R Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 2.55 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 3.93. The REITs industry median Cyclically Adjusted PS Ratio is 5.76. H&R Real Estate Investment Trust's value of 2.55 is 55.7% below this industry median. Based on the distribution chart, H&R Real Estate Investment Trust ranks #118 out of 546 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, H&R Real Estate Investment Trust has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, H&R Real Estate Investment Trust ranks #118 out of 546 companies for Cyclically Adjusted PS Ratio. This places H&R Real Estate Investment Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.76. H&R Real Estate Investment Trust's value of 2.55 is 55.7% below this benchmark. Historically, H&R Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 1.36 to 3.93 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 5.76, H&R 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 5.76, based on 546 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. H&R Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 2.55 is 55.7% 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 H&R Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H&R Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 2.55, which is near median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H&R Real Estate Investment Trust stock overvalued right now?
H&R Real Estate Investment Trust (FRA:HR3A) has a current Cyclically Adjusted PS Ratio of 2.55. The stock's GF Value™ is €5.35, compared to a current price of €6.30 — trading 17.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.55, which is near median its 10-year median of 2.69 and 55.7% below the REITs industry median of 5.76. H&R Real Estate Investment Trust's overall GF Score™ is 64/100 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 H&R Real Estate Investment Trust (FRA:HR3A), the current Cyclically Adjusted PS Ratio is 2.55 as of Aug. 13, 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 H&R Real Estate Investment Trust (FRA:HR3A) Overvalued in 2026?

Based on GuruFocus' analysis, H&R Real Estate Investment Trust stock appears to be overvalued. The current stock price of €6.30 is trading 17.7% above its estimated GF Value™ of €5.35.

Key valuation signals for FRA:HR3A:

  • Cyclically Adjusted PS Ratio: 2.55 (near median its 10-year median of 2.69)
  • GF Value™: €5.35 vs. price of €6.30 (17.7% above fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 55.7% below the REITs median (#118 of 546)

No single metric tells the full story. See the FRA:HR3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H&R Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges HRUFF:USAHR.UN:Canada
Address 3625 Dufferin Street, Suite 500, Toronto, ON, CAN, M3K 1N4
H&R Real Estate Investment Trust is a real estate investment trust principally involved in the ownership of properties in Canada and the U.S. The REIT has four reportable operating segments- Residential, Industrial, Office and Retail, in two geographical locations -Canada and the United States. The operating segments derive their revenue from rental income from leases. The majority of this income is generated by its United States properties.
64GF Score

Get the complete analysis for FRA:HR3A

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

€6.30
Price
€5.35
GF Value