HRUFF (H&R Real Estate Investment Trust) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HRUFF H&R Real Estate Investment Trust HRUFF
59 GF Score
Price $6.67
GF Value $6.47
Valuation Fairly Valued
! 6 Warning Signs
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What is H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Real Estate Investment Trust  (OTCPK:HRUFF) 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.


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for H&R Real Estate Investment 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.

H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

H&R Real Estate Investment 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 2.60 2.39 2.06 1.93 2.31

H&R Real Estate Investment Trust 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 2.37 2.48 2.30 2.18 2.43

HRUFF vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, H&R Real Estate Investment 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.


H&R Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H&R Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


HRUFF
59GF Score
H&R Real Estate Investment Trust HRUFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H&R Real Estate Investment 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.

H&R Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, H&R Real Estate Investment Trust'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)
=0.464/133.5265*133.5265
=0.464

Current CPI (Jun. 2026) = 133.5265.

H&R Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.805 101.765 1.056
201612 0.803 101.449 1.057
201703 0.776 102.634 1.010
201706 0.741 103.029 0.960
201709 0.797 103.345 1.030
201712 0.805 103.345 1.040
201803 0.815 105.004 1.036
201806 0.794 105.557 1.004
201809 0.766 105.636 0.968
201812 0.788 105.399 0.998
201903 0.786 106.979 0.981
201906 0.750 107.690 0.930
201909 0.745 107.611 0.924
201912 0.746 107.769 0.924
202003 0.725 107.927 0.897
202006 0.679 108.401 0.836
202009 0.710 108.164 0.876
202012 0.742 108.559 0.913
202103 0.734 110.298 0.889
202106 0.750 111.720 0.896
202109 0.740 112.905 0.875
202112 0.731 113.774 0.858
202203 0.560 117.646 0.636
202206 0.579 120.806 0.640
202209 0.614 120.648 0.680
202212 0.601 120.964 0.663
202303 0.607 122.702 0.661
202306 0.596 124.203 0.641
202309 0.686 125.230 0.731
202312 0.577 125.072 0.616
202403 0.593 126.258 0.627
202406 0.571 127.522 0.598
202409 0.561 127.285 0.589
202412 0.552 127.364 0.579
202503 0.546 129.181 0.564
202506 0.561 129.892 0.577
202509 0.558 130.287 0.572
202512 0.556 130.366 0.569
202603 0.508 132.262 0.513
202606 0.464 133.527 0.464

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.

Is H&R Real Estate Investment Trust (HRUFF) Overvalued in 2026?

Based on GuruFocus' analysis, H&R Real Estate Investment Trust stock appears to be overvalued. The current stock price of $6.67 is trading 3% above its estimated GF Value™ of $6.47. GuruFocus considers H&R Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for HRUFF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $6.47 vs. price of $6.67 (3% above fair value)
  • GF Score™: 59/100 with 6 warning signs

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


H&R Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges HR.UN:Canada
Address 3625 Dufferin Street, Suite 500, Toronto, ON, CAN, M3K 1N4
H&R Real Estate Investment Trust is a real estate investment trust principally involved in the ownership of properties in Canada and the U.S. The REIT has four reportable operating segments- Residential, Industrial, Office and Retail, in two geographical locations -Canada and the United States. The operating segments derive their revenue from rental income from leases. The majority of this income is generated by its United States properties.
59GF Score

Get the complete analysis for HRUFF

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

$6.67
Price
$6.47
GF Value