NP3 Fastigheter AB (FRA:N33) Cyclically Adjusted PS Ratio: 9.45 (As of Jul. 27, 2026) — Near Median

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FRA:N33 NP3 Fastigheter AB FRA:N33
83 GF Score
Price €23.15
GF Value €25.32
Valuation Fairly Valued
! 6 Warning Signs
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What is NP3 Fastigheter AB Cyclically Adjusted PS Ratio?

NP3 Fastigheter AB FRA:N33 83 Cyclically Adjusted PS Ratio is 9.45 as of Jul. 27, 2026, which is 8% below its 10-year median of 10.29. GuruFocus rates FRA:N33 with a GF Score™ of 83/100 and a GF Value™ of €25.32 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,358 Real Estate companies, NP3 Fastigheter AB ranks worse than 89.32% on this metric.

As of today (2026-07-27), NP3 Fastigheter AB's current share price is €23.15. NP3 Fastigheter AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.45. NP3 Fastigheter AB's Cyclically Adjusted PS Ratio for today is 9.45.

The historical rank and industry rank for NP3 Fastigheter AB's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:N33' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.24   Med: 10.29   Max: 12.89
Current: 9.46

During the past years, NP3 Fastigheter AB's highest Cyclically Adjusted PS Ratio was 12.89. The lowest was 7.24. And the median was 10.29.

FRA:N33's Cyclically Adjusted PS Ratio is ranked worse than
89.32% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs FRA:N33: 9.46

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.

NP3 Fastigheter AB's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.919. 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 €2.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NP3 Fastigheter AB  (FRA:N33) 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.


NP3 Fastigheter AB Cyclically Adjusted PS Ratio Related Terms


NP3 Fastigheter AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NP3 Fastigheter AB'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.

NP3 Fastigheter AB Cyclically Adjusted PS Ratio Chart

NP3 Fastigheter AB 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 0.00 11.17 10.73 9.97

NP3 Fastigheter AB 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 10.92 9.93 9.97 9.18 9.70

FRA:N33 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, NP3 Fastigheter AB'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.


NP3 Fastigheter AB Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, NP3 Fastigheter AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NP3 Fastigheter AB's Cyclically Adjusted PS Ratio falls into.


FRA:N33
83GF Score
NP3 Fastigheter AB FRA:N33
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NP3 Fastigheter AB 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.

NP3 Fastigheter AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.15/2.45
=9.45

* 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.

NP3 Fastigheter AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, NP3 Fastigheter AB'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)
=0.919/134.1100*134.1100
=0.919

Current CPI (Jun. 2026) = 134.1100.

NP3 Fastigheter AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.279 101.138 0.370
201612 0.289 102.022 0.380
201703 0.307 102.022 0.404
201706 0.311 102.752 0.406
201709 0.333 103.279 0.432
201712 0.334 103.793 0.432
201803 0.346 103.962 0.446
201806 0.356 104.875 0.455
201809 0.362 105.679 0.459
201812 0.442 105.912 0.560
201903 0.431 105.886 0.546
201906 0.428 106.742 0.538
201909 0.423 107.214 0.529
201912 0.467 107.766 0.581
202003 0.450 106.563 0.566
202006 0.476 107.498 0.594
202009 0.482 107.635 0.601
202012 0.510 108.296 0.632
202103 0.527 108.360 0.652
202106 0.537 108.928 0.661
202109 0.556 110.338 0.676
202112 0.613 112.486 0.731
202203 0.635 114.825 0.742
202206 0.660 118.384 0.748
202209 0.673 122.296 0.738
202212 0.679 126.365 0.721
202303 0.709 127.042 0.748
202306 0.662 129.407 0.686
202309 0.654 130.224 0.674
202312 0.721 131.912 0.733
202403 0.756 132.205 0.767
202406 0.748 132.716 0.756
202409 0.739 132.304 0.749
202412 0.739 132.987 0.745
202503 0.817 132.825 0.825
202506 0.832 133.699 0.835
202509 0.844 133.480 0.848
202512 0.877 133.390 0.882
202603 0.914 133.560 0.918
202606 0.919 134.110 0.919

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 9.45 mean?
NP3 Fastigheter AB (FRA:N33) has a Cyclically Adjusted PS Ratio of 9.45 as of Jul. 27, 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 NP3 Fastigheter AB and its competitors. This is near median its historical median of 10.29. Over the past decade, NP3 Fastigheter AB's Cyclically Adjusted PS Ratio has ranged from 7.24 to 12.89. According to the industry distribution chart, NP3 Fastigheter AB ranks #1213 out of 1358 companies in the Real Estate industry, placing it in the top 89.3%.
Is NP3 Fastigheter AB's Cyclically Adjusted PS Ratio too high?
NP3 Fastigheter AB's current Cyclically Adjusted PS Ratio of 9.45 is near median its 10-year median of 10.29. Over the past 10 years, this metric has ranged from a low of 7.24 to a high of 12.89. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. NP3 Fastigheter AB's value of 9.45 is 430.9% above this industry median. Based on the distribution chart, NP3 Fastigheter AB ranks #1213 out of 1358 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, NP3 Fastigheter AB has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NP3 Fastigheter AB's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, NP3 Fastigheter AB ranks #1213 out of 1358 companies for Cyclically Adjusted PS Ratio. This places NP3 Fastigheter AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. NP3 Fastigheter AB's value of 9.45 is 430.9% above this benchmark. Historically, NP3 Fastigheter AB's own Cyclically Adjusted PS Ratio has ranged from 7.24 to 12.89 over the past decade. While the company's 10-year median is 10.29 vs. the industry median of 1.78, NP3 Fastigheter AB 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,358 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. NP3 Fastigheter AB's current Cyclically Adjusted PS Ratio of 9.45 is 430.9% 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 NP3 Fastigheter AB and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NP3 Fastigheter AB's current Cyclically Adjusted PS Ratio is 9.45, which is near median its own 10-year median of 10.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NP3 Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, NP3 Fastigheter AB (FRA:N33) is currently considered Fairly Valued. The stock's GF Value™ is €25.32, compared to a current price of €23.15 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.45, which is near median its 10-year median of 10.29 and 430.9% above the Real Estate industry median of 1.78. NP3 Fastigheter AB's overall GF Score™ is 83/100 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 NP3 Fastigheter AB (FRA:N33), the current Cyclically Adjusted PS Ratio is 9.45 as of Jul. 27, 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 NP3 Fastigheter AB (FRA:N33) Overvalued in 2026?

Based on GuruFocus' analysis, NP3 Fastigheter AB stock appears to be undervalued. The current stock price of €23.15 is trading 8.6% below its estimated GF Value™ of €25.32. GuruFocus considers NP3 Fastigheter AB to be Fairly Valued.

Key valuation signals for FRA:N33:

  • Cyclically Adjusted PS Ratio: 9.45 (near median its 10-year median of 10.29)
  • GF Value™: €25.32 vs. price of €23.15 (8.6% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 430.9% above the Real Estate median (#1213 of 1358)

No single metric tells the full story. See the FRA:N33 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NP3 Fastigheter AB Business Description

Address Gardevagen 5A, Sundsvall, SWE, 856 50
NP3 Fastigheter AB is a real estate company. It focuses on commercial real estate properties with high yields, mainly in northern Sweden. Its real estate portfolio properties include commercial, industrial, logistics, office, and other sectors. Other categories include hotels and community properties such as schools. The company's property portfolio is divided into eight business areas, namely Sundsvall, Dalarna, Ostersund, Gavle, Umea, Lulea, Skelleftea, and Middle Sweden.
83GF Score

Get the complete analysis for FRA:N33

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

€23.15
Price
€25.32
GF Value