FSLUF (First Ship Lease Trust) Cyclically Adjusted PS Ratio: 0.50 (As of Jul. 31, 2026) — 35% Above Median

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What is First Ship Lease Trust Cyclically Adjusted PS Ratio?

First Ship Lease Trust FSLUF Cyclically Adjusted PS Ratio is 0.50 as of Jul. 31, 2026, which is 35% above its 10-year median of 0.37. The stock has 2 warning signs investors should review. Among 717 Business Services companies, First Ship Lease Trust ranks better than 69.74% on this metric.

As of today (2026-07-31), First Ship Lease Trust's current share price is $0.04. First Ship Lease Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $0.08. First Ship Lease Trust's Cyclically Adjusted PS Ratio for today is 0.50.

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

FSLUF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.37   Max: 0.73
Current: 0.43

During the past 13 years, First Ship Lease Trust's highest Cyclically Adjusted PS Ratio was 0.73. The lowest was 0.20. And the median was 0.37.

FSLUF's Cyclically Adjusted PS Ratio is ranked better than
69.74% of 717 companies
in the Business Services industry
Industry Median: 0.91 vs FSLUF: 0.43

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 Ship Lease Trust's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $0.003. 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 $0.08 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Ship Lease Trust  (OTCPK:FSLUF) 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 Ship Lease Trust Cyclically Adjusted PS Ratio Related Terms


First Ship Lease Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Ship Lease 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.

First Ship Lease Trust Cyclically Adjusted PS Ratio Chart

First Ship Lease 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 0.47 0.50 0.31 0.41 0.53

First Ship Lease Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 0.31 0.00 0.41 0.00 0.53

FSLUF vs URI, SUNB, AER: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, First Ship Lease 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.


First Ship Lease Trust Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's Cyclically Adjusted PS Ratio falls into.



First Ship Lease 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.

First Ship Lease Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.04/0.08
=0.50

* 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 Ship Lease Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, First Ship Lease Trust'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)
=0.003/324.0540*324.0540
=0.003

Current CPI (Dec25) = 324.0540.

First Ship Lease Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.154 241.432 0.207
201712 0.128 246.524 0.168
201812 0.105 251.233 0.135
201912 0.055 256.974 0.069
202012 0.027 260.474 0.034
202112 0.014 278.802 0.016
202212 0.014 296.797 0.015
202312 0.005 306.746 0.005
202412 0.005 315.605 0.005
202512 0.003 324.054 0.003

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 0.50 mean?
First Ship Lease Trust (FSLUF) has a Cyclically Adjusted PS Ratio of 0.50 as of Jul. 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 First Ship Lease Trust and its competitors. This is 35% above median its historical median of 0.37. Over the past decade, First Ship Lease Trust's Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.73. According to the industry distribution chart, First Ship Lease Trust ranks #217 out of 717 companies in the Business Services industry, placing it in the top 30.3%.
Is First Ship Lease Trust's Cyclically Adjusted PS Ratio too high?
First Ship Lease Trust's current Cyclically Adjusted PS Ratio of 0.50 is 35% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.73. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. First Ship Lease Trust's value of 0.50 is 45.1% below this industry median. Based on the distribution chart, First Ship Lease Trust ranks #217 out of 717 companies in the Business Services industry, which is above the industry midpoint.
How does First Ship Lease Trust's Cyclically Adjusted PS Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #217 out of 717 companies for Cyclically Adjusted PS Ratio. This puts First Ship Lease Trust in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. First Ship Lease Trust's value of 0.50 is 45.1% below this benchmark. Historically, First Ship Lease Trust's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.73 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.91, First Ship Lease 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 717 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 Ship Lease Trust's current Cyclically Adjusted PS Ratio of 0.50 is 45.1% 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 Ship Lease Trust and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current Cyclically Adjusted PS Ratio is 0.50, which is 35% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current Cyclically Adjusted PS Ratio of 0.50. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.50, which is 35% above median its 10-year median of 0.37 and 45.1% below the Business Services industry median of 0.91. 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 Ship Lease Trust (FSLUF), the current Cyclically Adjusted PS Ratio is 0.50 as of Jul. 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.

First Ship Lease Trust Business Description

Other Exchanges D8DU:Singapore
Address 7 Temasek Boulevard, No. 26-02 Suntec Tower One, Singapore, SGP, 038987
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.