SM Wirtschaftsberatungs AG (FRA:SMWN) Cyclically Adjusted PS Ratio: 5.97 (As of Jul. 15, 2026) — 28% Above Median

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:SMWN SM Wirtschaftsberatungs AG FRA:SMWN
48 GF Score
Price €4.30
GF Value €11.37
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is SM Wirtschaftsberatungs AG Cyclically Adjusted PS Ratio?

SM Wirtschaftsberatungs AG FRA:SMWN 48 Cyclically Adjusted PS Ratio is 5.97 as of Jul. 15, 2026, which is 28% above its 10-year median of 4.67. GuruFocus rates FRA:SMWN with a GF Score™ of 48/100 and a GF Value™ of €11.37 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 554 REITs companies, SM Wirtschaftsberatungs AG ranks worse than 51.62% on this metric.

As of today (2026-07-15), SM Wirtschaftsberatungs AG's current share price is €4.30. SM Wirtschaftsberatungs AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €0.72. SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio for today is 5.97.

The historical rank and industry rank for SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:SMWN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.94   Med: 4.67   Max: 7.47
Current: 6.08

During the past 13 years, SM Wirtschaftsberatungs AG's highest Cyclically Adjusted PS Ratio was 7.47. The lowest was 2.94. And the median was 4.67.

FRA:SMWN's Cyclically Adjusted PS Ratio is ranked worse than
51.62% of 554 companies
in the REITs industry
Industry Median: 5.91 vs FRA:SMWN: 6.08

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.

SM Wirtschaftsberatungs AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.165. 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 €0.72 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Wirtschaftsberatungs AG  (FRA:SMWN) 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.


SM Wirtschaftsberatungs AG Cyclically Adjusted PS Ratio Related Terms


SM Wirtschaftsberatungs AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SM Wirtschaftsberatungs AG'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.

SM Wirtschaftsberatungs AG Cyclically Adjusted PS Ratio Chart

SM Wirtschaftsberatungs AG 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 4.81 5.14 6.11 4.83 7.70

SM Wirtschaftsberatungs AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.11 0.00 4.83 0.00 7.70

FRA:SMWN vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, SM Wirtschaftsberatungs AG'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.


SM Wirtschaftsberatungs AG Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio falls into.


FRA:SMWN
48GF Score
SM Wirtschaftsberatungs AG FRA:SMWN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SM Wirtschaftsberatungs AG 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.

SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.30/0.72
=5.97

* 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.

SM Wirtschaftsberatungs AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, SM Wirtschaftsberatungs AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.165/129.3606*129.3606
=0.165

Current CPI (Dec25) = 129.3606.

SM Wirtschaftsberatungs AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.623 101.217 2.074
201712 0.305 102.617 0.384
201812 0.381 104.217 0.473
201912 1.614 105.818 1.973
202012 1.355 105.518 1.661
202112 0.221 110.384 0.259
202212 0.089 119.345 0.096
202312 0.094 123.773 0.098
202412 0.084 127.041 0.086
202512 0.165 129.361 0.165

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 5.97 mean?
SM Wirtschaftsberatungs AG (FRA:SMWN) has a Cyclically Adjusted PS Ratio of 5.97 as of Jul. 15, 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 SM Wirtschaftsberatungs AG and its competitors. This is 28% above median its historical median of 4.67. Over the past decade, SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio has ranged from 2.94 to 7.47. According to the industry distribution chart, SM Wirtschaftsberatungs AG ranks #286 out of 554 companies in the REITs industry, placing it in the top 51.6%.
Is SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio too high?
SM Wirtschaftsberatungs AG's current Cyclically Adjusted PS Ratio of 5.97 is 28% above median its 10-year median of 4.67. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 7.47. The REITs industry median Cyclically Adjusted PS Ratio is 5.91. SM Wirtschaftsberatungs AG's value of 5.97 is 1% above this industry median. Based on the distribution chart, SM Wirtschaftsberatungs AG ranks #286 out of 554 companies in the REITs industry, which is below the industry midpoint. Overall, SM Wirtschaftsberatungs AG has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Wirtschaftsberatungs AG's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, SM Wirtschaftsberatungs AG ranks #286 out of 554 companies for Cyclically Adjusted PS Ratio. This places SM Wirtschaftsberatungs AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.91. SM Wirtschaftsberatungs AG's value of 5.97 is 1% above this benchmark. Historically, SM Wirtschaftsberatungs AG's own Cyclically Adjusted PS Ratio has ranged from 2.94 to 7.47 over the past decade. While the company's 10-year median is 4.67 vs. the industry median of 5.91, SM Wirtschaftsberatungs AG 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 5.91, based on 554 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. SM Wirtschaftsberatungs AG's current Cyclically Adjusted PS Ratio of 5.97 is 1% 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 SM Wirtschaftsberatungs AG and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Wirtschaftsberatungs AG's current Cyclically Adjusted PS Ratio is 5.97, which is 28% above median its own 10-year median of 4.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Wirtschaftsberatungs AG stock overvalued right now?
Based on GuruFocus' analysis, SM Wirtschaftsberatungs AG (FRA:SMWN) is currently considered Possible Value Trap. The stock's GF Value™ is €11.37, compared to a current price of €4.30 — trading 62.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.97, which is 28% above median its 10-year median of 4.67 and 1% above the REITs industry median of 5.91. SM Wirtschaftsberatungs AG's overall GF Score™ is 48/100 with 3 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 SM Wirtschaftsberatungs AG (FRA:SMWN), the current Cyclically Adjusted PS Ratio is 5.97 as of Jul. 15, 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 SM Wirtschaftsberatungs AG (FRA:SMWN) Overvalued in 2026?

Based on GuruFocus' analysis, SM Wirtschaftsberatungs AG stock appears to be undervalued. The current stock price of €4.30 is trading 62.2% below its estimated GF Value™ of €11.37. GuruFocus considers SM Wirtschaftsberatungs AG to be Possible Value Trap.

Key valuation signals for FRA:SMWN:

  • Cyclically Adjusted PS Ratio: 5.97 (28% above median its 10-year median of 4.67)
  • GF Value™: €11.37 vs. price of €4.30 (62.2% below fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 1% above the REITs median (#286 of 554)

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


SM Wirtschaftsberatungs AG Business Description

Industry Real EstateREITs
Other Exchanges SMWN:Germany
Address Fronackerstrasse 34, Sindelfingen, DEU, 71063
SM Wirtschaftsberatungs AG is a diversified financial services company located in Germany. The company focuses on the real estate sector and is involved in capital investment management, project development, and the management of its own assets.
48GF Score

Get the complete analysis for FRA:SMWN

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

€4.30
Price
€11.37
GF Value