Warehouses Estates Belgium (FRA:WPK) Cyclically Adjusted PS Ratio: 4.83 (As of Jul. 27, 2026) — 20% Below Median

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FRA:WPK Warehouses Estates Belgium SA FRA:WPK
70 GF Score
Price €38.60
GF Value €34.91
! 9 Warning Signs
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What is Warehouses Estates Belgium Cyclically Adjusted PS Ratio?

Warehouses Estates Belgium FRA:WPK -0.26% 70 Cyclically Adjusted PS Ratio is 4.83 as of Jul. 27, 2026, which is 20% below its 10-year median of 6.04. GuruFocus rates FRA:WPK with a GF Score™ of 70/100 and a GF Value™ of €34.91. The stock has 9 warning signs investors should review. Among 547 REITs companies, Warehouses Estates Belgium ranks better than 59.78% on this metric.

As of today (2026-07-27), Warehouses Estates Belgium's current share price is €38.60. Warehouses Estates Belgium's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €7.99. Warehouses Estates Belgium's Cyclically Adjusted PS Ratio for today is 4.83.

The historical rank and industry rank for Warehouses Estates Belgium's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:WPK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.32   Med: 6.04   Max: 11.07
Current: 4.75

During the past 13 years, Warehouses Estates Belgium's highest Cyclically Adjusted PS Ratio was 11.07. The lowest was 4.32. And the median was 6.04.

FRA:WPK's Cyclically Adjusted PS Ratio is ranked better than
59.78% of 547 companies
in the REITs industry
Industry Median: 5.82 vs FRA:WPK: 4.75

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.

Warehouses Estates Belgium's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €8.365. 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 €7.99 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warehouses Estates Belgium  (FRA:WPK) 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.


Warehouses Estates Belgium Cyclically Adjusted PS Ratio Related Terms


Warehouses Estates Belgium Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Warehouses Estates Belgium'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.

Warehouses Estates Belgium Cyclically Adjusted PS Ratio Chart

Warehouses Estates Belgium Annual Data
Trend Sep15 Sep16 Sep17 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.43 4.95 4.76 4.68 4.73

Warehouses Estates Belgium Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 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 4.76 0.00 4.68 0.00 4.73

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

For the REIT - Diversified subindustry, Warehouses Estates Belgium'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.


Warehouses Estates Belgium Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Warehouses Estates Belgium's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Warehouses Estates Belgium's Cyclically Adjusted PS Ratio falls into.


FRA:WPK
70GF Score
Warehouses Estates Belgium SA FRA:WPK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warehouses Estates Belgium 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.

Warehouses Estates Belgium's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=38.60/7.99
=4.83

* 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.

Warehouses Estates Belgium's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Warehouses Estates Belgium'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)
=8.365/135.0700*135.0700
=8.365

Current CPI (Dec25) = 135.0700.

Warehouses Estates Belgium Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201509 5.890 100.245 7.936
201609 5.921 102.118 7.832
201709 6.141 104.170 7.963
201912 6.936 108.065 8.669
202012 6.406 108.511 7.974
202112 6.741 114.705 7.938
202212 7.431 126.578 7.930
202312 8.239 128.292 8.674
202412 8.498 132.346 8.673
202512 8.365 135.070 8.365

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 4.83 mean?
Warehouses Estates Belgium (FRA:WPK) has a Cyclically Adjusted PS Ratio of 4.83 as of Jul. 27, 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 Warehouses Estates Belgium and its competitors. This is 20% below median its historical median of 6.04. Over the past decade, Warehouses Estates Belgium's Cyclically Adjusted PS Ratio has ranged from 4.32 to 11.07. According to the industry distribution chart, Warehouses Estates Belgium ranks #220 out of 547 companies in the REITs industry, placing it in the top 40.2%.
Is Warehouses Estates Belgium's Cyclically Adjusted PS Ratio too high?
Warehouses Estates Belgium's current Cyclically Adjusted PS Ratio of 4.83 is 20% below median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 4.32 to a high of 11.07. The REITs industry median Cyclically Adjusted PS Ratio is 5.82. Warehouses Estates Belgium's value of 4.83 is 17% below this industry median. Based on the distribution chart, Warehouses Estates Belgium ranks #220 out of 547 companies in the REITs industry, which is above the industry midpoint. Overall, Warehouses Estates Belgium has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Warehouses Estates Belgium's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Warehouses Estates Belgium ranks #220 out of 547 companies for Cyclically Adjusted PS Ratio. This puts Warehouses Estates Belgium in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.82. Warehouses Estates Belgium's value of 4.83 is 17% below this benchmark. Historically, Warehouses Estates Belgium's own Cyclically Adjusted PS Ratio has ranged from 4.32 to 11.07 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 5.82, Warehouses Estates Belgium 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 5.82, based on 547 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. Warehouses Estates Belgium's current Cyclically Adjusted PS Ratio of 4.83 is 17% 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 Warehouses Estates Belgium and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warehouses Estates Belgium's current Cyclically Adjusted PS Ratio is 4.83, which is 20% below median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warehouses Estates Belgium stock overvalued right now?
Warehouses Estates Belgium (FRA:WPK) has a current Cyclically Adjusted PS Ratio of 4.83. The stock's GF Value™ is €34.91, compared to a current price of €38.60 — trading 10.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.83, which is 20% below median its 10-year median of 6.04 and 17% below the REITs industry median of 5.82. Warehouses Estates Belgium's overall GF Score™ is 70/100 with 9 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 Warehouses Estates Belgium (FRA:WPK), the current Cyclically Adjusted PS Ratio is 4.83 as of Jul. 27, 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 Warehouses Estates Belgium (FRA:WPK) Overvalued in 2026?

Based on GuruFocus' analysis, Warehouses Estates Belgium stock appears to be overvalued. The current stock price of €38.60 is trading 10.6% above its estimated GF Value™ of €34.91.

Key valuation signals for FRA:WPK:

  • Cyclically Adjusted PS Ratio: 4.83 (20% below median its 10-year median of 6.04)
  • GF Value™: €34.91 vs. price of €38.60 (10.6% above fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 17% below the REITs median (#220 of 547)

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


Warehouses Estates Belgium Business Description

Industry Real EstateREITs
Other Exchanges 0GID:UKWEB:Belgium
Address 29 Avenue Jean Mermoz, Gosselies, BEL, 6041
Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.
70GF Score

Get the complete analysis for FRA:WPK

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

€38.60
Price
€34.91
GF Value