Morguard Real Estate Investment Trust (FRA:T0L) Cyclically Adjusted PS Ratio: 1.59 (As of Aug. 31, 2026) — 21% Above Median

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FRA:T0L Morguard Real Estate Investment Trust FRA:T0L
58 GF Score
Price €4.25
GF Value €3.24
! 7 Warning Signs
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What is Morguard Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Morguard Real Estate Investment Trust FRA:T0L +0.38% 58 Cyclically Adjusted PS Ratio is 1.59 as of Aug. 31, 2026, which is 21% above its 10-year median of 1.31. GuruFocus rates FRA:T0L with a GF Score™ of 58/100 and a GF Value™ of €3.24. The stock has 7 warning signs investors should review. Among 541 REITs companies, Morguard Real Estate Investment Trust ranks better than 89.09% on this metric.

As of today (2026-08-31), Morguard Real Estate Investment Trust's current share price is €4.253. Morguard Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.67. Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 1.59.

The historical rank and industry rank for Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:T0L' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.31   Max: 3.98
Current: 1.59

During the past years, Morguard Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 3.98. The lowest was 0.98. And the median was 1.31.

FRA:T0L's Cyclically Adjusted PS Ratio is ranked better than
89.09% of 541 companies
in the REITs industry
Industry Median: 5.72 vs FRA:T0L: 1.59

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.

Morguard Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.541. 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 €2.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morguard Real Estate Investment Trust  (FRA:T0L) 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.


Morguard Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


Morguard Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Morguard Real Estate Investment Trust'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.

Morguard Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Morguard Real Estate Investment Trust 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 1.23 1.17 1.16 1.23 1.45

Morguard Real Estate Investment Trust 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 1.28 1.30 1.45 1.49 1.58

FRA:T0L vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Morguard Real Estate Investment Trust'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.


Morguard Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


FRA:T0L
58GF Score
Morguard Real Estate Investment Trust FRA:T0L
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Morguard Real Estate Investment Trust 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.

Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.253/2.67
=1.59

* 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.

Morguard Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Morguard Real Estate Investment Trust'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)
=0.541/133.5265*133.5265
=0.541

Current CPI (Jun. 2026) = 133.5265.

Morguard Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.653 101.765 0.857
201612 0.682 101.449 0.898
201703 0.686 102.634 0.892
201706 0.621 103.029 0.805
201709 0.761 103.345 0.983
201712 0.649 103.345 0.839
201803 0.586 105.004 0.745
201806 0.599 105.557 0.758
201809 0.729 105.636 0.921
201812 0.635 105.399 0.804
201903 0.603 106.979 0.753
201906 0.735 107.690 0.911
201909 0.750 107.611 0.931
201912 0.779 107.769 0.965
202003 0.708 107.927 0.876
202006 0.631 108.401 0.777
202009 0.621 108.164 0.767
202012 0.682 108.559 0.839
202103 0.635 110.298 0.769
202106 0.619 111.720 0.740
202109 0.408 112.905 0.483
202112 0.682 113.774 0.800
202203 0.456 117.646 0.518
202206 0.463 120.806 0.512
202209 0.721 120.648 0.798
202212 0.646 120.964 0.713
202303 0.689 122.702 0.750
202306 0.669 124.203 0.719
202309 0.674 125.230 0.719
202312 0.700 125.072 0.747
202403 0.681 126.258 0.720
202406 0.675 127.522 0.707
202409 0.438 127.285 0.459
202412 0.703 127.364 0.737
202503 0.604 129.181 0.624
202506 0.570 129.892 0.586
202509 0.543 130.287 0.557
202512 0.591 130.366 0.605
202603 0.569 132.262 0.574
202606 0.541 133.527 0.541

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 1.59 mean?
Morguard Real Estate Investment Trust (FRA:T0L) has a Cyclically Adjusted PS Ratio of 1.59 as of Aug. 31, 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 Morguard Real Estate Investment Trust and its competitors. This is 21% above median its historical median of 1.31. Over the past decade, Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 0.98 to 3.98. According to the industry distribution chart, Morguard Real Estate Investment Trust ranks #59 out of 541 companies in the REITs industry, placing it in the top 10.9%.
Is Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
Morguard Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 1.59 is 21% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 3.98. The REITs industry median Cyclically Adjusted PS Ratio is 5.72. Morguard Real Estate Investment Trust's value of 1.59 is 72.2% below this industry median. Based on the distribution chart, Morguard Real Estate Investment Trust ranks #59 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Morguard Real Estate Investment Trust has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Morguard Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Morguard Real Estate Investment Trust ranks #59 out of 541 companies for Cyclically Adjusted PS Ratio. This places Morguard Real Estate Investment Trust in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.72. Morguard Real Estate Investment Trust's value of 1.59 is 72.2% below this benchmark. Historically, Morguard Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 0.98 to 3.98 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 5.72, Morguard Real Estate Investment Trust 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 5.72, based on 541 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. Morguard Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 1.59 is 72.2% 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 Morguard Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morguard Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 1.59, which is 21% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard Real Estate Investment Trust stock overvalued right now?
Morguard Real Estate Investment Trust (FRA:T0L) has a current Cyclically Adjusted PS Ratio of 1.59. The stock's GF Value™ is €3.24, compared to a current price of €4.25 — trading 31.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.59, which is 21% above median its 10-year median of 1.31 and 72.2% below the REITs industry median of 5.72. Morguard Real Estate Investment Trust's overall GF Score™ is 58/100 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 Morguard Real Estate Investment Trust (FRA:T0L), the current Cyclically Adjusted PS Ratio is 1.59 as of Aug. 31, 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 Morguard Real Estate Investment Trust (FRA:T0L) Overvalued in 2026?

Based on GuruFocus' analysis, Morguard Real Estate Investment Trust stock appears to be overvalued. The current stock price of €4.25 is trading 31.3% above its estimated GF Value™ of €3.24.

Key valuation signals for FRA:T0L:

  • Cyclically Adjusted PS Ratio: 1.59 (21% above median its 10-year median of 1.31)
  • GF Value™: €3.24 vs. price of €4.25 (31.3% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 72.2% below the REITs median (#59 of 541)

No single metric tells the full story. See the FRA:T0L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morguard Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges MRT.UN:Canada
Address 55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It derives maximum revenue from the Retail segment.
58GF Score

Get the complete analysis for FRA:T0L

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

€4.25
Price
€3.24
GF Value