Nexus Industrial REIT (FRA:J6D) Cyclically Adjusted PS Ratio: 3.32 (As of Aug. 02, 2026) — Near Median

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FRA:J6D Nexus Industrial REIT FRA:J6D
74 GF Score
Price €4.95
GF Value €4.70
Valuation Fairly Valued
! 10 Warning Signs
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What is Nexus Industrial REIT Cyclically Adjusted PS Ratio?

Nexus Industrial REIT FRA:J6D -0.26% 74 Cyclically Adjusted PS Ratio is 3.32 as of Aug. 02, 2026, which is 1% above its 10-year median of 3.30. GuruFocus rates FRA:J6D with a GF Score™ of 74/100 and a GF Value™ of €4.70 (Fairly Valued). The stock has 10 warning signs investors should review. Among 546 REITs companies, Nexus Industrial REIT ranks better than 70.7% on this metric.

As of today (2026-08-02), Nexus Industrial REIT's current share price is €4.947. Nexus Industrial REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.49. Nexus Industrial REIT's Cyclically Adjusted PS Ratio for today is 3.32.

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

FRA:J6D' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.63   Med: 3.3   Max: 5.34
Current: 3.38

During the past years, Nexus Industrial REIT's highest Cyclically Adjusted PS Ratio was 5.34. The lowest was 2.63. And the median was 3.30.

FRA:J6D's Cyclically Adjusted PS Ratio is ranked better than
70.7% of 546 companies
in the REITs industry
Industry Median: 5.885 vs FRA:J6D: 3.38

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.

Nexus Industrial REIT'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 €1.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nexus Industrial REIT  (FRA:J6D) 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.


Nexus Industrial REIT Cyclically Adjusted PS Ratio Related Terms


Nexus Industrial REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nexus Industrial REIT'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.

Nexus Industrial REIT Cyclically Adjusted PS Ratio Chart

Nexus Industrial REIT 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 4.64 3.67 3.24 3.27

Nexus Industrial REIT 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 2.85 3.11 3.18 3.27 3.02

FRA:J6D vs PLD, PSA, EXR: Cyclically Adjusted PS Ratio Comparison

For the REIT - Industrial subindustry, Nexus Industrial REIT'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.


Nexus Industrial REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Nexus Industrial REIT's Cyclically Adjusted PS Ratio falls into.


FRA:J6D
74GF Score
Nexus Industrial REIT FRA:J6D
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nexus Industrial REIT 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.

Nexus Industrial REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.947/1.49
=3.32

* 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.

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

For example, Nexus Industrial REIT'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.

Nexus Industrial REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.298 102.002 0.386
201609 0.297 101.765 0.386
201612 0.317 101.449 0.413
201703 0.311 102.634 0.401
201706 0.211 103.029 0.271
201709 0.407 103.345 0.521
201712 0.388 103.345 0.497
201803 0.375 105.004 0.472
201806 0.380 105.557 0.476
201809 0.392 105.636 0.491
201812 0.401 105.399 0.503
201903 0.382 106.979 0.472
201906 0.393 107.690 0.483
201909 0.401 107.611 0.493
201912 0.421 107.769 0.517
202003 0.382 107.927 0.468
202006 0.366 108.401 0.447
202009 0.355 108.164 0.434
202012 0.359 108.559 0.437
202103 0.332 110.298 0.398
202106 0.377 111.720 0.446
202109 0.317 112.905 0.371
202112 0.247 113.774 0.287
202203 0.289 117.646 0.325
202206 0.319 120.806 0.349
202209 0.329 120.648 0.361
202212 0.292 120.964 0.319
202303 0.291 122.702 0.314
202306 0.295 124.203 0.314
202309 0.304 125.230 0.321
202312 0.308 125.072 0.326
202403 1.149 126.258 1.204
202406 0.318 127.522 0.330
202409 0.322 127.285 0.335
202412 0.318 127.364 0.330
202503 0.306 129.181 0.313
202506 0.283 129.892 0.288
202509 0.275 130.287 0.279
202512 0.286 130.366 0.290
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 3.32 mean?
Nexus Industrial REIT (FRA:J6D) has a Cyclically Adjusted PS Ratio of 3.32 as of Aug. 02, 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 Nexus Industrial REIT and its competitors. This is near median its historical median of 3.30. Over the past decade, Nexus Industrial REIT's Cyclically Adjusted PS Ratio has ranged from 2.63 to 5.34. According to the industry distribution chart, Nexus Industrial REIT ranks #160 out of 546 companies in the REITs industry, placing it in the top 29.3%.
Is Nexus Industrial REIT's Cyclically Adjusted PS Ratio too high?
Nexus Industrial REIT's current Cyclically Adjusted PS Ratio of 3.32 is near median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 5.34. The REITs industry median Cyclically Adjusted PS Ratio is 5.89. Nexus Industrial REIT's value of 3.32 is 43.6% below this industry median. Based on the distribution chart, Nexus Industrial REIT ranks #160 out of 546 companies in the REITs industry, which is above the industry midpoint. Overall, Nexus Industrial REIT has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nexus Industrial REIT's Cyclically Adjusted PS Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Nexus Industrial REIT ranks #160 out of 546 companies for Cyclically Adjusted PS Ratio. This puts Nexus Industrial REIT in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.89. Nexus Industrial REIT's value of 3.32 is 43.6% below this benchmark. Historically, Nexus Industrial REIT's own Cyclically Adjusted PS Ratio has ranged from 2.63 to 5.34 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 5.89, Nexus Industrial REIT 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 5.89, 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. Nexus Industrial REIT's current Cyclically Adjusted PS Ratio of 3.32 is 43.6% 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 Nexus Industrial REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexus Industrial REIT's current Cyclically Adjusted PS Ratio is 3.32, which is near median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexus Industrial REIT stock overvalued right now?
Based on GuruFocus' analysis, Nexus Industrial REIT (FRA:J6D) is currently considered Fairly Valued. The stock's GF Value™ is €4.70, compared to a current price of €4.95 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.32, which is near median its 10-year median of 3.30 and 43.6% below the REITs industry median of 5.89. Nexus Industrial REIT's overall GF Score™ is 74/100 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 Nexus Industrial REIT (FRA:J6D), the current Cyclically Adjusted PS Ratio is 3.32 as of Aug. 02, 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 Nexus Industrial REIT (FRA:J6D) Overvalued in 2026?

Based on GuruFocus' analysis, Nexus Industrial REIT stock appears to be overvalued. The current stock price of €4.95 is trading 5.3% above its estimated GF Value™ of €4.70. GuruFocus considers Nexus Industrial REIT to be Fairly Valued.

Key valuation signals for FRA:J6D:

  • Cyclically Adjusted PS Ratio: 3.32 (near median its 10-year median of 3.30)
  • GF Value™: €4.70 vs. price of €4.95 (5.3% above fair value)
  • GF Score™: 74/100 with 10 warning signs
  • Industry Position: 43.6% below the REITs median (#160 of 546)

No single metric tells the full story. See the FRA:J6D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nexus Industrial REIT Business Description

Industry Real EstateREITs
Other Exchanges EFRTF:USANXR.UN:Canada
Address 105-586 Argus Road, Oakville, ON, CAN, L6J 3J3
Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office, and retail properties. REIT has a single reportable segment. It owns and operates commercial real estate properties with a focus on industrial assets across Canada.
74GF Score

Get the complete analysis for FRA:J6D

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

€4.95
Price
€4.70
GF Value