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FREVS's Cyclically Adjusted PS Ratio is ranked better than 77.08% of 541
companies
in the REITs industry
Industry Median: 5.78
vs FREVS: 2.82
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.
First Real Estate Investment Trust of New Jersey (OTCPK:FREVS) 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.
First Real Estate Investment Trust of New Jersey Cyclically Adjusted PS Ratio Related Terms
First Real Estate Investment Trust of New Jersey Cyclically Adjusted PS Ratio Historical Data
* 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.
First Real Estate Investment Trust of New Jersey Cyclically Adjusted PS Ratio Chart
First Real Estate Investment Trust of New Jersey Annual Data
FREVS vs ELME, MRTI, CLPR: Cyclically Adjusted PS Ratio Comparison
For the REIT - Residential subindustry, First Real Estate Investment Trust of New Jersey'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.
First Real Estate Investment Trust of New Jersey Cyclically Adjusted PS Ratio vs REITs Industry
First Real Estate Investment Trust of New Jersey 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.
* 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 2.82 mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a Cyclically Adjusted PS Ratio of 2.82 as of Aug. 19, 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 First Real Estate Investment Trust of New Jersey and its competitors. This is 28% above median its historical median of 2.21. Over the past decade, First Real Estate Investment Trust of New Jersey's Cyclically Adjusted PS Ratio has ranged from 1.47 to 3.34. According to the industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #124 out of 541 companies in the REITs industry, placing it in the top 22.9%.
Is First Real Estate Investment Trust of New Jersey's Cyclically Adjusted PS Ratio too high?
First Real Estate Investment Trust of New Jersey's current Cyclically Adjusted PS Ratio of 2.82 is 28% above median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.34. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. First Real Estate Investment Trust of New Jersey's value of 2.82 is 51.2% below this industry median. Based on the distribution chart, First Real Estate Investment Trust of New Jersey ranks #124 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, First Real Estate Investment Trust of New Jersey has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust of New Jersey's Cyclically Adjusted PS Ratio compare to ELME and MRTI?
According to the REITs industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #124 out of 541 companies for Cyclically Adjusted PS Ratio. This places First Real Estate Investment Trust of New Jersey in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.78. First Real Estate Investment Trust of New Jersey's value of 2.82 is 51.2% below this benchmark. Historically, First Real Estate Investment Trust of New Jersey's own Cyclically Adjusted PS Ratio has ranged from 1.47 to 3.34 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 5.78, First Real Estate Investment Trust of New Jersey 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 5.78, 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. First Real Estate Investment Trust of New Jersey's current Cyclically Adjusted PS Ratio of 2.82 is 51.2% 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 First Real Estate Investment Trust of New Jersey and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Real Estate Investment Trust of New Jersey's current Cyclically Adjusted PS Ratio is 2.82, which is 28% above median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust of New Jersey stock overvalued right now?
Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey (FREVS) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.10, compared to a current price of $21.35 — trading 24.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.82, which is 28% above median its 10-year median of 2.21 and 51.2% below the REITs industry median of 5.78. First Real Estate Investment Trust of New Jersey's overall GF Score™ is 65/100 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 First Real Estate Investment Trust of New Jersey (FREVS), the current Cyclically Adjusted PS Ratio is 2.82 as of Aug. 19, 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 First Real Estate Investment Trust of New Jersey (FREVS) Overvalued in 2026?
Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey stock appears to be overvalued.
The current stock price of $21.35 is trading 24.9% above its estimated GF Value™ of $17.10.
GuruFocus considers First Real Estate Investment Trust of New Jersey to be Modestly Overvalued.
Key valuation signals for FREVS:
Cyclically Adjusted PS Ratio: 2.82 (28% above median its 10-year median of 2.21)
GF Value™: $17.10 vs. price of $21.35 (24.9% above fair value)
Industry Position: 51.2% below the REITs median (#124 of 541)
No single metric tells the full story. See the FREVS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. The company operates in two reportable segments; commercial properties and residential properties. Its revenues consist of fixed rental income from its residential and commercial properties and additional rent in the form of expense reimbursements acquired from its income-producing commercial properties. The majority of revenue is derived from the Residential properties segment.
65GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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