Macerich Co (FRA:M6G) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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:M6G Macerich Co FRA:M6G
63 GF Score
Price €19.00
GF Value €13.08
! 6 Warning Signs
View Full Analysis

What is Macerich Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Macerich Co  (FRA:M6G) 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.


Macerich Co Cyclically Adjusted PS Ratio Related Terms


Macerich Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Macerich Co'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.

Macerich Co Cyclically Adjusted PS Ratio Chart

Macerich Co 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 2.34 1.58 2.20 3.06 2.73

Macerich Co 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 2.23 2.50 2.72 2.79 3.79

FRA:M6G vs EPRT, KRG, PECO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Macerich Co'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.


Macerich Co Cyclically Adjusted PS Ratio vs REITs Industry

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

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


FRA:M6G
63GF Score
Macerich Co FRA:M6G
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macerich Co 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.

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

For example, Macerich Co'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)
=0.791/333.9520*333.9520
=0.791

Current CPI (Jun. 2026) = 333.9520.

Macerich Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.576 241.428 2.180
201612 1.753 241.432 2.425
201703 1.614 243.801 2.211
201706 1.586 244.955 2.162
201709 1.462 246.819 1.978
201712 1.540 246.524 2.086
201803 1.366 249.554 1.828
201806 1.395 251.989 1.849
201809 1.475 252.439 1.951
201812 1.427 251.233 1.897
201903 1.412 254.202 1.855
201906 1.435 256.143 1.871
201909 1.470 256.759 1.912
201912 1.545 256.974 2.008
202003 1.457 258.115 1.885
202006 1.125 257.797 1.457
202009 1.124 260.280 1.442
202012 1.091 260.474 1.399
202103 0.997 264.877 1.257
202106 0.869 271.696 1.068
202109 0.851 274.310 1.036
202112 0.929 278.802 1.113
202203 0.899 287.504 1.044
202206 0.884 296.311 0.996
202209 0.969 296.808 1.090
202212 1.045 296.797 1.176
202303 0.926 301.836 1.025
202306 0.903 305.109 0.988
202309 0.929 307.789 1.008
202312 1.025 306.746 1.116
202403 0.903 312.332 0.966
202406 0.933 314.175 0.992
202409 0.918 315.301 0.972
202412 1.091 315.605 1.154
202503 0.942 319.799 0.984
202506 0.621 322.561 0.643
202509 0.856 324.800 0.880
202512 0.883 324.054 0.910
202603 0.804 330.213 0.813
202606 0.791 333.952 0.791

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 Macerich Co (FRA:M6G) Overvalued in 2026?

Based on GuruFocus' analysis, Macerich Co stock appears to be overvalued. The current stock price of €19.00 is trading 45.3% above its estimated GF Value™ of €13.08.

Key valuation signals for FRA:M6G:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.08 vs. price of €19.00 (45.3% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the FRA:M6G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Macerich Co Business Description

Industry Real EstateREITs
Other Exchanges MAC:USA0JX5:UKM6G:Germany
Address 401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401
Macerich invests in premium mall assets. The company owns 27 regional malls in its consolidated portfolio and 10 regional malls in its unconsolidated portfolio along with a power center and seven other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $867 sales per square foot over the 12 months ended in September 2025.
63GF Score

Get the complete analysis for FRA:M6G

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

€19.00
Price
€13.08
GF Value