Japan Real Estate Investment (FRA:JUA) Cyclically Adjusted PS Ratio: 9.51 (As of Aug. 19, 2026) — 21% Below Median

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FRA:JUA Japan Real Estate Investment Corp FRA:JUA
67 GF Score
Price €635.00
GF Value €584.45
! 6 Warning Signs
View Full Analysis

What is Japan Real Estate Investment Cyclically Adjusted PS Ratio?

Japan Real Estate Investment FRA:JUA 67 Cyclically Adjusted PS Ratio is 9.51 as of Aug. 19, 2026, which is 21% below its 10-year median of 12.09. GuruFocus rates FRA:JUA with a GF Score™ of 67/100 and a GF Value™ of €584.45. The stock has 6 warning signs investors should review. Among 541 REITs companies, Japan Real Estate Investment ranks worse than 87.25% on this metric.

As of today (2026-08-19), Japan Real Estate Investment's current share price is €635.00. Japan Real Estate Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep24 was €66.78. Japan Real Estate Investment's Cyclically Adjusted PS Ratio for today is 9.51.

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

FRA:JUA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.52   Med: 12.09   Max: 16.9
Current: 10.83

During the past 13 years, Japan Real Estate Investment's highest Cyclically Adjusted PS Ratio was 16.90. The lowest was 9.52. And the median was 12.09.

FRA:JUA's Cyclically Adjusted PS Ratio is ranked worse than
87.25% of 541 companies
in the REITs industry
Industry Median: 5.78 vs FRA:JUA: 10.83

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.

Japan Real Estate Investment's adjusted revenue per share data of for the fiscal year that ended in Sep24 was €74.417. 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 €66.78 for the trailing ten years ended in Sep24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Real Estate Investment  (FRA:JUA) 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.


Japan Real Estate Investment Cyclically Adjusted PS Ratio Related Terms


Japan Real Estate Investment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Real Estate Investment'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.

Japan Real Estate Investment Cyclically Adjusted PS Ratio Chart

Japan Real Estate Investment Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.22 13.81 11.91 11.17 10.48

Japan Real Estate Investment Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 10.48 0.00 10.97 0.00

FRA:JUA vs BXP, ARE, VNO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, Japan Real Estate Investment'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.


Japan Real Estate Investment Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Japan Real Estate Investment's Cyclically Adjusted PS Ratio falls into.


FRA:JUA
67GF Score
Japan Real Estate Investment Corp FRA:JUA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Real Estate Investment 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.

Japan Real Estate Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=635.00/66.78
=9.51

* 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.

Japan Real Estate Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep24 is calculated as:

For example, Japan Real Estate Investment's adjusted Revenue per Share data for the fiscal year that ended in Sep24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep24 (Change)*Current CPI (Sep24)
=74.417/108.9000*108.9000
=74.417

Current CPI (Sep24) = 108.9000.

Japan Real Estate Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201509 67.591 98.500 74.728
201609 82.048 98.000 91.174
201709 72.346 98.800 79.742
201809 73.984 99.900 80.649
201909 83.125 100.100 90.433
202009 82.383 99.900 89.805
202109 80.040 100.100 87.076
202209 75.423 103.100 79.666
202309 68.628 106.200 70.373
202409 74.417 108.900 74.417

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 9.51 mean?
Japan Real Estate Investment (FRA:JUA) has a Cyclically Adjusted PS Ratio of 9.51 as of Aug. 19, 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 Japan Real Estate Investment and its competitors. This is 21% below median its historical median of 12.09. Over the past decade, Japan Real Estate Investment's Cyclically Adjusted PS Ratio has ranged from 9.52 to 16.90. According to the industry distribution chart, Japan Real Estate Investment ranks #472 out of 541 companies in the REITs industry, placing it in the top 87.2%.
Is Japan Real Estate Investment's Cyclically Adjusted PS Ratio too high?
Japan Real Estate Investment's current Cyclically Adjusted PS Ratio of 9.51 is 21% below median its 10-year median of 12.09. Over the past 10 years, this metric has ranged from a low of 9.52 to a high of 16.90. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Japan Real Estate Investment's value of 9.51 is 64.5% above this industry median. Based on the distribution chart, Japan Real Estate Investment ranks #472 out of 541 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Real Estate Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Japan Real Estate Investment's Cyclically Adjusted PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #472 out of 541 companies for Cyclically Adjusted PS Ratio. This places Japan Real Estate Investment in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.78. Japan Real Estate Investment's value of 9.51 is 64.5% above this benchmark. Historically, Japan Real Estate Investment's own Cyclically Adjusted PS Ratio has ranged from 9.52 to 16.90 over the past decade. While the company's 10-year median is 12.09 vs. the industry median of 5.78, Japan Real Estate Investment 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 5.78, based on 541 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. Japan Real Estate Investment's current Cyclically Adjusted PS Ratio of 9.51 is 64.5% 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 Japan Real Estate Investment and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current Cyclically Adjusted PS Ratio is 9.51, which is 21% below median its own 10-year median of 12.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Japan Real Estate Investment (FRA:JUA) has a current Cyclically Adjusted PS Ratio of 9.51. The stock's GF Value™ is €584.45, compared to a current price of €635.00 — trading 8.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.51, which is 21% below median its 10-year median of 12.09 and 64.5% above the REITs industry median of 5.78. Japan Real Estate Investment's overall GF Score™ is 67/100 with 6 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 Japan Real Estate Investment (FRA:JUA), the current Cyclically Adjusted PS Ratio is 9.51 as of Aug. 19, 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 Japan Real Estate Investment (FRA:JUA) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be overvalued. The current stock price of €635.00 is trading 8.6% above its estimated GF Value™ of €584.45.

Key valuation signals for FRA:JUA:

  • Cyclically Adjusted PS Ratio: 9.51 (21% below median its 10-year median of 12.09)
  • GF Value™: €584.45 vs. price of €635.00 (8.6% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 64.5% above the REITs median (#472 of 541)

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


Japan Real Estate Investment Business Description

Industry Real EstateREITs
Other Exchanges 8952:Japan
Address OTEMACHI Park Building 1-1-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
67GF Score

Get the complete analysis for FRA:JUA

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

€635.00
Price
€584.45
GF Value