FRPH (FRP Holdings) Cyclically Adjusted PS Ratio: 11.25 (As of Aug. 20, 2026) — Near Median

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FRPH FRP Holdings Inc FRPH
73 GF Score
Price $21.94
GF Value $29.41
Valuation Modestly Undervalued
! 4 Warning Signs
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What is FRP Holdings Cyclically Adjusted PS Ratio?

FRP Holdings FRPH -0.68% 73 Cyclically Adjusted PS Ratio is 11.25 as of Aug. 20, 2026, which is 0% below its 10-year median of 11.26. GuruFocus rates FRPH with a GF Score™ of 73/100 and a GF Value™ of $29.41 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,368 Real Estate companies, FRP Holdings ranks worse than 92.18% on this metric.

As of today (2026-08-20), FRP Holdings's current share price is $21.94. FRP Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $1.95. FRP Holdings's Cyclically Adjusted PS Ratio for today is 11.25.

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

FRPH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.79   Med: 11.26   Max: 19.97
Current: 11.33

During the past years, FRP Holdings's highest Cyclically Adjusted PS Ratio was 19.97. The lowest was 2.79. And the median was 11.26.

FRPH's Cyclically Adjusted PS Ratio is ranked worse than
92.18% of 1368 companies
in the Real Estate industry
Industry Median: 1.76 vs FRPH: 11.33

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.

FRP Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was $0.582. 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 $1.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FRP Holdings  (NAS:FRPH) 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.


FRP Holdings Cyclically Adjusted PS Ratio Related Terms


FRP Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FRP Holdings'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.

FRP Holdings Cyclically Adjusted PS Ratio Chart

FRP Holdings Annual Data
Trend Sep16 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 12.52 15.18 17.24 16.31 11.93

FRP Holdings 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 14.08 12.70 11.93 11.31 12.81

FRPH vs REAX, TCI, RMR: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, FRP Holdings'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.


FRP Holdings Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FRP Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where FRP Holdings's Cyclically Adjusted PS Ratio falls into.


FRPH
73GF Score
FRP Holdings Inc FRPH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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FRP Holdings 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.

FRP Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.94/1.95
=11.25

* 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.

FRP Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, FRP Holdings'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)
=0.582/333.9520*333.9520
=0.582

Current CPI (Jun. 2026) = 333.9520.

FRP Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.493 241.428 0.682
201612 0.479 241.432 0.663
201703 0.466 243.801 0.638
201706 0.466 244.955 0.635
201709 0.599 246.819 0.810
201712 -0.753 246.524 -1.020
201803 0.252 249.554 0.337
201806 0.275 251.989 0.364
201809 0.283 252.439 0.374
201812 0.280 251.233 0.372
201903 0.286 254.202 0.376
201906 0.319 256.143 0.416
201909 0.298 256.759 0.388
201912 0.294 256.974 0.382
202003 0.294 258.115 0.380
202006 0.303 257.797 0.393
202009 0.319 260.280 0.409
202012 0.312 260.474 0.400
202103 0.312 264.877 0.393
202106 0.452 271.696 0.556
202109 0.451 274.310 0.549
202112 0.446 278.802 0.534
202203 0.462 287.504 0.537
202206 0.511 296.311 0.576
202209 0.493 296.808 0.555
202212 0.520 296.797 0.585
202303 0.535 301.836 0.592
202306 0.565 305.109 0.618
202309 0.560 307.789 0.608
202312 0.534 306.746 0.581
202403 0.535 312.332 0.572
202406 0.553 314.175 0.588
202409 0.560 315.301 0.593
202412 0.555 315.605 0.587
202503 0.542 319.799 0.566
202506 0.571 322.561 0.591
202509 0.566 324.800 0.582
202512 0.575 324.054 0.593
202603 0.557 330.213 0.563
202606 0.582 333.952 0.582

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 11.25 mean?
FRP Holdings (FRPH) has a Cyclically Adjusted PS Ratio of 11.25 as of Aug. 20, 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 FRP Holdings and its competitors. This is near median its historical median of 11.26. Over the past decade, FRP Holdings' Cyclically Adjusted PS Ratio has ranged from 2.79 to 19.97. According to the industry distribution chart, FRP Holdings ranks #1261 out of 1368 companies in the Real Estate industry, placing it in the top 92.2%.
Is FRP Holdings' Cyclically Adjusted PS Ratio too high?
FRP Holdings' current Cyclically Adjusted PS Ratio of 11.25 is near median its 10-year median of 11.26. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 19.97. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.76. FRP Holdings' value of 11.25 is 539.2% above this industry median. Based on the distribution chart, FRP Holdings ranks #1261 out of 1368 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, FRP Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FRP Holdings' Cyclically Adjusted PS Ratio compare to REAX and TCI?
According to the Real Estate industry distribution chart, FRP Holdings ranks #1261 out of 1368 companies for Cyclically Adjusted PS Ratio. This places FRP Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.76. FRP Holdings' value of 11.25 is 539.2% above this benchmark. Historically, FRP Holdings' own Cyclically Adjusted PS Ratio has ranged from 2.79 to 19.97 over the past decade. While the company's 10-year median is 11.26 vs. the industry median of 1.76, FRP Holdings 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 1.76, based on 1,368 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. FRP Holdings's current Cyclically Adjusted PS Ratio of 11.25 is 539.2% 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 FRP Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FRP Holdings's current Cyclically Adjusted PS Ratio is 11.25, which is near median its own 10-year median of 11.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FRP Holdings stock overvalued right now?
Based on GuruFocus' analysis, FRP Holdings (FRPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.41, compared to a current price of $21.94 — trading 25.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.25, which is near median its 10-year median of 11.26 and 539.2% above the Real Estate industry median of 1.76. FRP Holdings' overall GF Score™ is 73/100 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 FRP Holdings (FRPH), the current Cyclically Adjusted PS Ratio is 11.25 as of Aug. 20, 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 FRP Holdings (FRPH) Overvalued in 2026?

Based on GuruFocus' analysis, FRP Holdings stock appears to be undervalued. The current stock price of $21.94 is trading 25.4% below its estimated GF Value™ of $29.41. GuruFocus considers FRP Holdings to be Modestly Undervalued.

Key valuation signals for FRPH:

  • Cyclically Adjusted PS Ratio: 11.25 (near median its 10-year median of 11.26)
  • GF Value™: $29.41 vs. price of $21.94 (25.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 539.2% above the Real Estate median (#1261 of 1368)

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


FRP Holdings Business Description

Address 200 West Forsyth Street, 7th Floor, Jacksonville, FL, USA, 32202
FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Industrial/Commercial Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, industrial, and office (the Development Segment), and (iv) management of mixed-use residential/retail properties owned through joint ventures.
73GF Score

Get the complete analysis for FRPH

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

$21.94
Price
$29.41
GF Value