Starwood Property Trust (FRA:VSP) Cyclically Adjusted PS Ratio: 4.59 (As of Jul. 14, 2026) — 17% Below 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:VSP Starwood Property Trust Inc FRA:VSP
47 GF Score
Price €14.45
GF Value €12.26
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Starwood Property Trust Cyclically Adjusted PS Ratio?

Starwood Property Trust FRA:VSP +1.01% 47 Cyclically Adjusted PS Ratio is 4.59 as of Jul. 14, 2026, which is 17% below its 10-year median of 5.54. GuruFocus rates FRA:VSP with a GF Score™ of 47/100 and a GF Value™ of €12.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 554 REITs companies, Starwood Property Trust ranks better than 61.37% on this metric.

As of today (2026-07-14), Starwood Property Trust's current share price is €14.445. Starwood Property Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.15. Starwood Property Trust's Cyclically Adjusted PS Ratio for today is 4.59.

The historical rank and industry rank for Starwood Property Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:VSP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.21   Med: 5.54   Max: 9.09
Current: 4.5

During the past years, Starwood Property Trust's highest Cyclically Adjusted PS Ratio was 9.09. The lowest was 3.21. And the median was 5.54.

FRA:VSP's Cyclically Adjusted PS Ratio is ranked better than
61.37% of 554 companies
in the REITs industry
Industry Median: 5.915 vs FRA:VSP: 4.50

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.

Starwood Property Trust's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.414. 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 €3.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starwood Property Trust  (FRA:VSP) 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.


Starwood Property Trust Cyclically Adjusted PS Ratio Related Terms


Starwood Property Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Starwood Property 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.

Starwood Property Trust Cyclically Adjusted PS Ratio Chart

Starwood Property 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 7.51 5.10 5.77 5.22 4.99

Starwood Property Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.44 5.52 5.33 4.99 4.71

FRA:VSP vs RITM, BXMT, DX: Cyclically Adjusted PS Ratio Comparison

For the REIT - Mortgage subindustry, Starwood Property 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.


Starwood Property Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Starwood Property Trust's Cyclically Adjusted PS Ratio falls into.


FRA:VSP
47GF Score
Starwood Property Trust Inc FRA:VSP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starwood Property 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.

Starwood Property Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.445/3.15
=4.59

* 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.

Starwood Property Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Starwood Property Trust's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.414/330.2130*330.2130
=0.414

Current CPI (Mar. 2026) = 330.2130.

Starwood Property Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.600 241.018 0.822
201609 0.692 241.428 0.946
201612 0.762 241.432 1.042
201703 0.509 243.801 0.689
201706 0.452 244.955 0.609
201709 0.536 246.819 0.717
201712 0.596 246.524 0.798
201803 0.583 249.554 0.771
201806 0.693 251.989 0.908
201809 0.634 252.439 0.829
201812 0.663 251.233 0.871
201903 0.621 254.202 0.807
201906 0.609 256.143 0.785
201909 0.706 256.759 0.908
201912 1.049 256.974 1.348
202003 0.497 258.115 0.636
202006 0.600 257.797 0.769
202009 0.668 260.280 0.847
202012 0.697 260.474 0.884
202103 0.613 264.877 0.764
202106 0.648 271.696 0.788
202109 0.670 274.310 0.807
202112 0.606 278.802 0.718
202203 1.373 287.504 1.577
202206 1.248 296.311 1.391
202209 0.990 296.808 1.101
202212 0.740 296.797 0.823
202303 0.482 301.836 0.527
202306 1.212 305.109 1.312
202309 0.460 307.789 0.494
202312 0.872 306.746 0.939
202403 0.836 312.332 0.884
202406 0.665 314.175 0.699
202409 0.659 315.301 0.690
202412 0.576 315.605 0.603
202503 0.505 319.799 0.521
202506 0.457 322.561 0.468
202509 0.480 324.800 0.488
202512 0.618 324.054 0.630
202603 0.414 330.213 0.414

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 4.59 mean?
Starwood Property Trust (FRA:VSP) has a Cyclically Adjusted PS Ratio of 4.59 as of Jul. 14, 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 Starwood Property Trust and its competitors. This is 17% below median its historical median of 5.54. Over the past decade, Starwood Property Trust's Cyclically Adjusted PS Ratio has ranged from 3.21 to 9.09. According to the industry distribution chart, Starwood Property Trust ranks #214 out of 554 companies in the REITs industry, placing it in the top 38.6%.
Is Starwood Property Trust's Cyclically Adjusted PS Ratio too high?
Starwood Property Trust's current Cyclically Adjusted PS Ratio of 4.59 is 17% below median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 9.09. The REITs industry median Cyclically Adjusted PS Ratio is 5.92. Starwood Property Trust's value of 4.59 is 22.4% below this industry median. Based on the distribution chart, Starwood Property Trust ranks #214 out of 554 companies in the REITs industry, which is above the industry midpoint. Overall, Starwood Property Trust has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starwood Property Trust's Cyclically Adjusted PS Ratio compare to RITM and BXMT?
According to the REITs industry distribution chart, Starwood Property Trust ranks #214 out of 554 companies for Cyclically Adjusted PS Ratio. This puts Starwood Property Trust in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.92. Starwood Property Trust's value of 4.59 is 22.4% below this benchmark. Historically, Starwood Property Trust's own Cyclically Adjusted PS Ratio has ranged from 3.21 to 9.09 over the past decade. While the company's 10-year median is 5.54 vs. the industry median of 5.92, Starwood Property 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 5.92, 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. Starwood Property Trust's current Cyclically Adjusted PS Ratio of 4.59 is 22.4% 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 Starwood Property Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starwood Property Trust's current Cyclically Adjusted PS Ratio is 4.59, which is 17% below median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starwood Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Starwood Property Trust (FRA:VSP) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.26, compared to a current price of €14.45 — trading 17.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.59, which is 17% below median its 10-year median of 5.54 and 22.4% below the REITs industry median of 5.92. Starwood Property Trust's overall GF Score™ is 47/100 with 4 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 Starwood Property Trust (FRA:VSP), the current Cyclically Adjusted PS Ratio is 4.59 as of Jul. 14, 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 Starwood Property Trust (FRA:VSP) Overvalued in 2026?

Based on GuruFocus' analysis, Starwood Property Trust stock appears to be overvalued. The current stock price of €14.45 is trading 17.8% above its estimated GF Value™ of €12.26. GuruFocus considers Starwood Property Trust to be Modestly Overvalued.

Key valuation signals for FRA:VSP:

  • Cyclically Adjusted PS Ratio: 4.59 (17% below median its 10-year median of 5.54)
  • GF Value™: €12.26 vs. price of €14.45 (17.8% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 22.4% below the REITs median (#214 of 554)

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


Starwood Property Trust Business Description

Industry Real EstateREITs
Address 2340 Collins Avenue, Suite 700, Miami Beach, FL, USA, 33139
Starwood Property Trust Inc is a real estate investment trust principally engaged in originating, acquiring, and managing commercial mortgage loans, commercial mortgage-backed securities, and other real estate investments in the U.S., Australia, and Europe. The company has four reportable business segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing. The majority of its revenue is generated from the Commercial and Residential Lending segment, which engages mainly in originating, acquiring, financing, and managing commercial first mortgages, non-agency residential mortgages (residential loans), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), and other real estate and related debt investments.
47GF Score

Get the complete analysis for FRA:VSP

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

€14.45
Price
€12.26
GF Value