Swire PropertiesFRA:SW9 +3.60%83 Cyclically Adjusted PS Ratio is 7.67 as of Jul. 05, 2026, which is 8% above its 10-year median of 7.13. GuruFocus rates FRA:SW9 with a GF Score™ of 83/100 and a GF Value™ of €2.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,358 Real Estate companies, Swire Properties ranks worse than 85.2% on this metric.
The historical rank and industry rank for Swire Properties's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:SW9'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.29 Med: 7.13 Max: 10.22
Current: 7.44
During the past 13 years, Swire Properties's highest Cyclically Adjusted PS Ratio was 10.22. The lowest was 4.29. And the median was 7.13.
FRA:SW9's Cyclically Adjusted PS Ratio is ranked worse than 85.2% of 1358
companies
in the Real Estate industry
Industry Median: 1.825
vs FRA:SW9: 7.44
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.
Swire Properties's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.305. 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 €0.30 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Swire Properties (FRA:SW9) 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.
Swire Properties Cyclically Adjusted PS Ratio Related Terms
Swire Properties Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Swire Properties'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.
Swire Properties Cyclically Adjusted PS Ratio Chart
FRA:SW9 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison
For the Real Estate Services subindustry, Swire Properties'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.
Swire Properties Cyclically Adjusted PS Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Swire Properties's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Swire Properties's Cyclically Adjusted PS Ratio falls into.
Swire Properties 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.
Swire Properties's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 7.67 mean?
Swire Properties (FRA:SW9) has a Cyclically Adjusted PS Ratio of 7.67 as of Jul. 05, 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 Swire Properties and its competitors. This is near median its historical median of 7.13. Over the past decade, Swire Properties' Cyclically Adjusted PS Ratio has ranged from 4.29 to 10.22. According to the industry distribution chart, Swire Properties ranks #1157 out of 1358 companies in the Real Estate industry, placing it in the top 85.2%.
Is Swire Properties' Cyclically Adjusted PS Ratio too high?
Swire Properties' current Cyclically Adjusted PS Ratio of 7.67 is near median its 10-year median of 7.13. Over the past 10 years, this metric has ranged from a low of 4.29 to a high of 10.22. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Swire Properties' value of 7.67 is 320.3% above this industry median. Based on the distribution chart, Swire Properties ranks #1157 out of 1358 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Swire Properties has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swire Properties ranks #1157 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Swire Properties in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Swire Properties' value of 7.67 is 320.3% above this benchmark. Historically, Swire Properties' own Cyclically Adjusted PS Ratio has ranged from 4.29 to 10.22 over the past decade. While the company's 10-year median is 7.13 vs. the industry median of 1.83, Swire Properties 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 1.83, 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. Swire Properties's current Cyclically Adjusted PS Ratio of 7.67 is 320.3% 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 Swire Properties and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swire Properties's current Cyclically Adjusted PS Ratio is 7.67, which is near median its own 10-year median of 7.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (FRA:SW9) is currently considered Fairly Valued. The stock's GF Value™ is €2.15, compared to a current price of €2.30 — trading 7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.67, which is near median its 10-year median of 7.13 and 320.3% above the Real Estate industry median of 1.83. Swire Properties' overall GF Score™ is 83/100 with 5 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 Swire Properties (FRA:SW9), the current Cyclically Adjusted PS Ratio is 7.67 as of Jul. 05, 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 Swire Properties (FRA:SW9) Overvalued in 2026?
Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued.
The current stock price of €2.30 is trading 7% above its estimated GF Value™ of €2.15.
GuruFocus considers Swire Properties to be Fairly Valued.
Key valuation signals for FRA:SW9:
Cyclically Adjusted PS Ratio: 7.67 (near median its 10-year median of 7.13)
GF Value™: €2.15 vs. price of €2.30 (7% above fair value)
Industry Position: 320.3% above the Real Estate median (#1157 of 1358)
No single metric tells the full story. See the FRA:SW9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
83GF Score
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