Patrizia SE (HAM:PAT) Cyclically Adjusted PS Ratio: 1.75 (As of Jul. 14, 2026) — 57% Below Median

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HAM:PAT Patrizia SE HAM:PAT
70 GF Score
Price €7.94
GF Value €7.43
Valuation Fairly Valued
! 10 Warning Signs
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What is Patrizia SE Cyclically Adjusted PS Ratio?

Patrizia SE HAM:PAT -2.22% 70 Cyclically Adjusted PS Ratio is 1.75 as of Jul. 14, 2026, which is 57% below its 10-year median of 4.04. GuruFocus rates HAM:PAT with a GF Score™ of 70/100 and a GF Value™ of €7.43 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,360 Real Estate companies, Patrizia SE ranks better than 50.15% on this metric.

As of today (2026-07-14), Patrizia SE's current share price is €7.94. Patrizia SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €4.55. Patrizia SE's Cyclically Adjusted PS Ratio for today is 1.75.

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

HAM:PAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.44   Med: 4.04   Max: 6.63
Current: 1.82

During the past years, Patrizia SE's highest Cyclically Adjusted PS Ratio was 6.63. The lowest was 1.44. And the median was 4.04.

HAM:PAT's Cyclically Adjusted PS Ratio is ranked better than
50.15% of 1360 companies
in the Real Estate industry
Industry Median: 1.845 vs HAM:PAT: 1.82

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.

Patrizia SE's adjusted revenue per share data for the three months ended in Dec. 2025 was €0.801. 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 €4.55 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Patrizia SE  (HAM:PAT) 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.


Patrizia SE Cyclically Adjusted PS Ratio Related Terms


Patrizia SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Patrizia SE'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.

Patrizia SE Cyclically Adjusted PS Ratio Chart

Patrizia SE 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 4.93 2.26 1.71 1.64 1.76

Patrizia SE Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.64 1.54 1.70 1.52 1.76

HAM:PAT vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Patrizia SE'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.


Patrizia SE Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


HAM:PAT
70GF Score
Patrizia SE HAM:PAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Patrizia SE 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.

Patrizia SE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.94/4.55
=1.75

* 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.

Patrizia SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Patrizia SE's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.801/129.3606*129.3606
=0.801

Current CPI (Dec. 2025) = 129.3606.

Patrizia SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 5.288 100.017 6.839
201606 0.808 100.717 1.038
201609 0.813 101.017 1.041
201612 1.258 101.217 1.608
201703 0.488 101.417 0.622
201706 0.644 102.117 0.816
201709 0.630 102.717 0.793
201712 0.957 102.617 1.206
201803 0.910 102.917 1.144
201806 0.860 104.017 1.070
201809 0.916 104.718 1.132
201812 1.216 104.217 1.509
201903 0.634 104.217 0.787
201906 1.338 105.718 1.637
201909 0.671 106.018 0.819
201912 1.711 105.818 2.092
202003 0.732 105.718 0.896
202006 0.888 106.618 1.077
202009 0.846 105.818 1.034
202012 0.876 105.518 1.074
202103 0.651 107.518 0.783
202106 0.908 108.486 1.083
202109 1.012 109.435 1.196
202112 1.000 110.384 1.172
202203 0.910 113.968 1.033
202206 0.874 115.760 0.977
202209 1.000 118.818 1.089
202212 1.174 119.345 1.273
202303 0.733 122.402 0.775
202306 0.742 123.140 0.779
202309 0.875 124.195 0.911
202312 0.953 123.773 0.996
202403 0.669 125.038 0.692
202406 0.767 125.882 0.788
202409 0.721 126.198 0.739
202412 0.731 127.041 0.744
202503 0.674 127.779 0.682
202506 0.713 128.412 0.718
202509 0.656 129.255 0.657
202512 0.801 129.361 0.801

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 1.75 mean?
Patrizia SE (HAM:PAT) has a Cyclically Adjusted PS Ratio of 1.75 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 Patrizia SE and its competitors. This is 57% below median its historical median of 4.04. Over the past decade, Patrizia SE's Cyclically Adjusted PS Ratio has ranged from 1.44 to 6.63. According to the industry distribution chart, Patrizia SE ranks #678 out of 1360 companies in the Real Estate industry, placing it in the top 49.9%.
Is Patrizia SE's Cyclically Adjusted PS Ratio too high?
Patrizia SE's current Cyclically Adjusted PS Ratio of 1.75 is 57% below median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 6.63. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.85. Patrizia SE's value of 1.75 is 5.1% below this industry median. Based on the distribution chart, Patrizia SE ranks #678 out of 1360 companies in the Real Estate industry, which is above the industry midpoint. Overall, Patrizia SE has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patrizia SE's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Patrizia SE ranks #678 out of 1360 companies for Cyclically Adjusted PS Ratio. This puts Patrizia SE in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Patrizia SE's value of 1.75 is 5.1% below this benchmark. Historically, Patrizia SE's own Cyclically Adjusted PS Ratio has ranged from 1.44 to 6.63 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 1.85, Patrizia SE 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.85, based on 1,360 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. Patrizia SE's current Cyclically Adjusted PS Ratio of 1.75 is 5.1% 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 Patrizia SE and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrizia SE's current Cyclically Adjusted PS Ratio is 1.75, which is 57% below median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrizia SE stock overvalued right now?
Based on GuruFocus' analysis, Patrizia SE (HAM:PAT) is currently considered Fairly Valued. The stock's GF Value™ is €7.43, compared to a current price of €7.94 — trading 6.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.75, which is 57% below median its 10-year median of 4.04 and 5.1% below the Real Estate industry median of 1.85. Patrizia SE's overall GF Score™ is 70/100 with 10 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 Patrizia SE (HAM:PAT), the current Cyclically Adjusted PS Ratio is 1.75 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 Patrizia SE (HAM:PAT) Overvalued in 2026?

Based on GuruFocus' analysis, Patrizia SE stock appears to be overvalued. The current stock price of €7.94 is trading 6.9% above its estimated GF Value™ of €7.43. GuruFocus considers Patrizia SE to be Fairly Valued.

Key valuation signals for HAM:PAT:

  • Cyclically Adjusted PS Ratio: 1.75 (57% below median its 10-year median of 4.04)
  • GF Value™: €7.43 vs. price of €7.94 (6.9% above fair value)
  • GF Score™: 70/100 with 10 warning signs
  • Industry Position: 5.1% below the Real Estate median (#678 of 1360)

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


Patrizia SE Business Description

Address Fuggerstrasse 20, Augsburg, BY, DEU, 86150
PATRIZIA SE is a European independent real asset investment manager. The company provides investment opportunities in real assets for institutional, semi-professional, and private investors, with a focus on real estate and infrastructure. Its investment activities are aligned with sectors related to digital, urban, energy, and living-related developments and trends.
70GF Score

Get the complete analysis for HAM:PAT

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

€7.94
Price
€7.43
GF Value