Eurocommercial Properties NV (FRA:N4SA) Cyclically Adjusted PS Ratio: 5.26 (As of Sep. 11, 2026) — Near Median

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FRA:N4SA Eurocommercial Properties NV FRA:N4SA
71 GF Score
Price €26.65
GF Value €23.78
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Eurocommercial Properties NV Cyclically Adjusted PS Ratio?

Eurocommercial Properties NV FRA:N4SA -1.30% 71 Cyclically Adjusted PS Ratio is 5.26 as of Sep. 11, 2026, which is 7% below its 10-year median of 5.63. GuruFocus rates FRA:N4SA with a GF Score™ of 71/100 and a GF Value™ of €23.78 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 543 REITs companies, Eurocommercial Properties NV ranks better than 51.75% on this metric.

As of today (2026-09-11), Eurocommercial Properties NV's current share price is €26.65. Eurocommercial Properties NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.07. Eurocommercial Properties NV's Cyclically Adjusted PS Ratio for today is 5.26.

The historical rank and industry rank for Eurocommercial Properties NV's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:N4SA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.83   Med: 5.63   Max: 7.16
Current: 5.52

During the past years, Eurocommercial Properties NV's highest Cyclically Adjusted PS Ratio was 7.16. The lowest was 4.83. And the median was 5.63.

FRA:N4SA's Cyclically Adjusted PS Ratio is ranked better than
51.75% of 543 companies
in the REITs industry
Industry Median: 5.71 vs FRA:N4SA: 5.52

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.

Eurocommercial Properties NV's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.271. 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 €5.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eurocommercial Properties NV  (FRA:N4SA) 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.


Eurocommercial Properties NV Cyclically Adjusted PS Ratio Related Terms


Eurocommercial Properties NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Eurocommercial Properties NV'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.

Eurocommercial Properties NV Cyclically Adjusted PS Ratio Chart

Eurocommercial Properties NV Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 6.21 5.61 5.04 5.40

Eurocommercial Properties NV 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 5.87 5.63 5.40 5.23 5.45

FRA:N4SA vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Eurocommercial Properties NV'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.


Eurocommercial Properties NV Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Eurocommercial Properties NV's Cyclically Adjusted PS Ratio falls into.


FRA:N4SA
71GF Score
Eurocommercial Properties NV FRA:N4SA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eurocommercial Properties NV 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.

Eurocommercial Properties NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.65/5.07
=5.26

* 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.

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

For example, Eurocommercial Properties NV'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)
=1.271/137.7700*137.7700
=1.271

Current CPI (Jun. 2026) = 137.7700.

Eurocommercial Properties NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.105 99.730 0.145
201603 0.108 100.310 0.148
201606 1.040 100.260 1.429
201609 1.111 100.570 1.522
201612 0.994 100.710 1.360
201703 1.050 101.440 1.426
201706 1.043 101.370 1.418
201709 1.116 102.030 1.507
201712 1.026 101.970 1.386
201803 0.117 102.470 0.157
201806 1.097 103.100 1.466
201809 1.179 103.950 1.563
201812 0.118 103.970 0.156
201903 1.130 105.370 1.477
201906 1.157 105.840 1.506
201909 1.251 106.700 1.615
201912 1.100 106.800 1.419
202009 1.119 107.880 1.429
202103 1.119 108.870 1.416
202106 1.110 109.670 1.394
202109 1.012 110.790 1.258
202112 1.267 114.010 1.531
202203 1.114 119.460 1.285
202206 1.161 119.050 1.344
202209 1.133 126.890 1.230
202212 1.213 124.940 1.338
202303 1.187 124.720 1.311
202306 1.216 125.830 1.331
202309 1.149 127.160 1.245
202312 1.275 126.450 1.389
202403 1.204 128.580 1.290
202406 1.239 129.910 1.314
202409 1.153 131.610 1.207
202412 1.297 131.630 1.357
202503 1.228 133.330 1.269
202506 1.249 133.960 1.285
202509 1.265 135.920 1.282
202512 1.292 135.270 1.316
202603 1.246 136.910 1.254
202606 1.271 137.770 1.271

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 5.26 mean?
Eurocommercial Properties NV (FRA:N4SA) has a Cyclically Adjusted PS Ratio of 5.26 as of Sep. 11, 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 Eurocommercial Properties NV and its competitors. This is near median its historical median of 5.63. Over the past decade, Eurocommercial Properties NV's Cyclically Adjusted PS Ratio has ranged from 4.83 to 7.16. According to the industry distribution chart, Eurocommercial Properties NV ranks #262 out of 543 companies in the REITs industry, placing it in the top 48.3%.
Is Eurocommercial Properties NV's Cyclically Adjusted PS Ratio too high?
Eurocommercial Properties NV's current Cyclically Adjusted PS Ratio of 5.26 is near median its 10-year median of 5.63. Over the past 10 years, this metric has ranged from a low of 4.83 to a high of 7.16. The REITs industry median Cyclically Adjusted PS Ratio is 5.71. Eurocommercial Properties NV's value of 5.26 is 7.9% below this industry median. Based on the distribution chart, Eurocommercial Properties NV ranks #262 out of 543 companies in the REITs industry, which is above the industry midpoint. Overall, Eurocommercial Properties NV has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eurocommercial Properties NV's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, Eurocommercial Properties NV ranks #262 out of 543 companies for Cyclically Adjusted PS Ratio. This puts Eurocommercial Properties NV in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.71. Eurocommercial Properties NV's value of 5.26 is 7.9% below this benchmark. Historically, Eurocommercial Properties NV's own Cyclically Adjusted PS Ratio has ranged from 4.83 to 7.16 over the past decade. While the company's 10-year median is 5.63 vs. the industry median of 5.71, Eurocommercial Properties NV 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 5.71, based on 543 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. Eurocommercial Properties NV's current Cyclically Adjusted PS Ratio of 5.26 is 7.9% 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 Eurocommercial Properties NV and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eurocommercial Properties NV's current Cyclically Adjusted PS Ratio is 5.26, which is near median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eurocommercial Properties NV stock overvalued right now?
Based on GuruFocus' analysis, Eurocommercial Properties NV (FRA:N4SA) is currently considered Modestly Overvalued. The stock's GF Value™ is €23.78, compared to a current price of €26.65 — trading 12.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.26, which is near median its 10-year median of 5.63 and 7.9% below the REITs industry median of 5.71. Eurocommercial Properties NV's overall GF Score™ is 71/100 with 7 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 Eurocommercial Properties NV (FRA:N4SA), the current Cyclically Adjusted PS Ratio is 5.26 as of Sep. 11, 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 Eurocommercial Properties NV (FRA:N4SA) Overvalued in 2026?

Based on GuruFocus' analysis, Eurocommercial Properties NV stock appears to be overvalued. The current stock price of €26.65 is trading 12.1% above its estimated GF Value™ of €23.78. GuruFocus considers Eurocommercial Properties NV to be Modestly Overvalued.

Key valuation signals for FRA:N4SA:

  • Cyclically Adjusted PS Ratio: 5.26 (near median its 10-year median of 5.63)
  • GF Value™: €23.78 vs. price of €26.65 (12.1% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 7.9% below the REITs median (#262 of 543)

No single metric tells the full story. See the FRA:N4SA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eurocommercial Properties NV Business Description

Industry Real EstateREITs
Address De Boelelaan 7, Amsterdam, NLD, 1083 HJ
Eurocommercial Properties NV is a Netherlands-based property investment company that invests, owns, and manages retail properties. The company operates in France, Belgium, Italy, Sweden, and the Netherlands which are also its operating segments. The company generates revenue from leasing its shopping center properties to tenants.
71GF Score

Get the complete analysis for FRA:N4SA

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

€26.65
Price
€23.78
GF Value