Safestore Holdings (FRA:IHF) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:IHF Safestore Holdings PLC FRA:IHF
71 GF Score
Price €6.25
GF Value €9.48
Valuation Possible Value Trap
! 7 Warning Signs
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What is Safestore Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Safestore Holdings  (FRA:IHF) 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.


Safestore Holdings Cyclically Adjusted PS Ratio Related Terms


Safestore Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Safestore Holdings'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.

Safestore Holdings Cyclically Adjusted PS Ratio Chart

Safestore Holdings Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.63 11.77 7.67 9.51 7.23

Safestore Holdings Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 8.67 9.34 6.41 7.17 6.54

FRA:IHF vs PLD, PSA, EXR: Cyclically Adjusted PS Ratio Comparison

For the REIT - Industrial subindustry, Safestore Holdings'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.


Safestore Holdings Cyclically Adjusted PS Ratio vs REITs Industry

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

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


FRA:IHF
71GF Score
Safestore Holdings PLC FRA:IHF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safestore Holdings 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.

Safestore Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Safestore Holdings's adjusted Revenue per Share data for the fiscal year that ended in Oct25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=1.257/139.5000*139.5000
=1.257

Current CPI (Oct25) = 139.5000.

Safestore Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201610 0.691 101.600 0.949
201710 0.709 104.400 0.947
201810 0.773 106.700 1.011
201910 0.815 108.300 1.050
202010 0.870 109.200 1.111
202110 0.993 113.400 1.222
202210 1.148 124.300 1.288
202310 1.181 130.200 1.265
202410 1.197 134.300 1.243
202510 1.257 139.500 1.257

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.

Is Safestore Holdings (FRA:IHF) Overvalued in 2026?

Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued. The current stock price of €6.25 is trading 34.1% below its estimated GF Value™ of €9.48. GuruFocus considers Safestore Holdings to be Possible Value Trap.

Key valuation signals for FRA:IHF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.48 vs. price of €6.25 (34.1% below fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Safestore Holdings Business Description

Industry Real EstateREITs
Other Exchanges SFSHF:USASAFEl:UKSAFE:UK
Address Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
71GF Score

Get the complete analysis for FRA:IHF

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

€6.25
Price
€9.48
GF Value