LKREF (Link Real Estate Investment Trust) Cyclically Adjusted PS Ratio: 6.45 (As of Jul. 01, 2026) — 59% Below Median


LKREF Link Real Estate Investment Trust LKREF
67 GF Score
Price $4.45
GF Value $4.58
Valuation Fairly Valued
! 4 Warning Signs
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What is Link Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Link Real Estate Investment Trust LKREF 67 Cyclically Adjusted PS Ratio is 6.45 as of Jul. 01, 2026, which is 59% below its 10-year median of 15.83. GuruFocus rates LKREF with a GF Score™ of 67/100 and a GF Value™ of $4.58 (Fairly Valued). The stock has 4 warning signs investors should review. Among 556 REITs companies, Link Real Estate Investment Trust ranks worse than 58.27% on this metric.

As of today (2026-07-01), Link Real Estate Investment Trust's current share price is $4.45. Link Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was $0.69. Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 6.45.

The historical rank and industry rank for Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

LKREF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.12   Med: 15.83   Max: 26.41
Current: 6.79

During the past 13 years, Link Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 26.41. The lowest was 6.12. And the median was 15.83.

LKREF's Cyclically Adjusted PS Ratio is ranked worse than
58.27% of 556 companies
in the REITs industry
Industry Median: 5.9 vs LKREF: 6.79

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.

Link Real Estate Investment Trust's adjusted revenue per share data of for the fiscal year that ended in Mar26 was $0.688. 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 $0.69 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Link Real Estate Investment Trust  (OTCPK:LKREF) 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.


Link Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


Link Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Link 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.

Link Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Link Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.69 10.73 6.79 7.01 6.70

Link Real Estate Investment Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 6.79 0.00 7.01 0.00 6.70

LKREF vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Link 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.


Link Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

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


LKREF
67GF Score
Link Real Estate Investment Trust LKREF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Link 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.

Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.45/0.69
=6.45

* 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.

Link Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Link Real Estate Investment Trust's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=0.688/121.4731*121.4731
=0.688

Current CPI (Mar26) = 121.4731.

Link Real Estate Investment Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 0.518 103.335 0.609
201803 0.564 105.973 0.646
201903 0.584 108.172 0.656
202003 0.640 110.920 0.701
202103 0.651 111.579 0.709
202203 0.677 113.558 0.724
202303 0.695 115.427 0.731
202403 0.678 117.735 0.700
202503 0.712 119.384 0.724
202603 0.688 121.473 0.688

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 6.45 mean?
Link Real Estate Investment Trust (LKREF) has a Cyclically Adjusted PS Ratio of 6.45 as of Jul. 01, 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 Link Real Estate Investment Trust and its competitors. This is 59% below median its historical median of 15.83. Over the past decade, Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio has ranged from 6.12 to 26.41. According to the industry distribution chart, Link Real Estate Investment Trust ranks #324 out of 556 companies in the REITs industry, placing it in the top 58.3%.
Is Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio too high?
Link Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 6.45 is 59% below median its 10-year median of 15.83. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 26.41. The REITs industry median Cyclically Adjusted PS Ratio is 5.90. Link Real Estate Investment Trust's value of 6.45 is 9.3% above this industry median. Based on the distribution chart, Link Real Estate Investment Trust ranks #324 out of 556 companies in the REITs industry, which is below the industry midpoint. Overall, Link Real Estate Investment Trust has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Link Real Estate Investment Trust's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, Link Real Estate Investment Trust ranks #324 out of 556 companies for Cyclically Adjusted PS Ratio. This places Link Real Estate Investment Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.90. Link Real Estate Investment Trust's value of 6.45 is 9.3% above this benchmark. Historically, Link Real Estate Investment Trust's own Cyclically Adjusted PS Ratio has ranged from 6.12 to 26.41 over the past decade. While the company's 10-year median is 15.83 vs. the industry median of 5.90, Link Real Estate Investment Trust 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 REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.90, based on 556 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. Link Real Estate Investment Trust's current Cyclically Adjusted PS Ratio of 6.45 is 9.3% 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 Link Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Real Estate Investment Trust's current Cyclically Adjusted PS Ratio is 6.45, which is 59% below median its own 10-year median of 15.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Link Real Estate Investment Trust (LKREF) is currently considered Fairly Valued. The stock's GF Value™ is $4.58, compared to a current price of $4.45 — trading 2.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.45, which is 59% below median its 10-year median of 15.83 and 9.3% above the REITs industry median of 5.90. Link Real Estate Investment Trust's overall GF Score™ is 67/100 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 Link Real Estate Investment Trust (LKREF), the current Cyclically Adjusted PS Ratio is 6.45 as of Jul. 01, 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 Link Real Estate Investment Trust (LKREF) Overvalued in 2026?

Based on GuruFocus' analysis, Link Real Estate Investment Trust stock appears to be undervalued. The current stock price of $4.45 is trading 2.8% below its estimated GF Value™ of $4.58. GuruFocus considers Link Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for LKREF:

  • Cyclically Adjusted PS Ratio: 6.45 (59% below median its 10-year median of 15.83)
  • GF Value™: $4.58 vs. price of $4.45 (2.8% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 9.3% above the REITs median (#324 of 556)

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


Link Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 00823:Hong KongL5R:Germany
Address 77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG
Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and around 57,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions, and has since acquired retail, office, and logistics properties in China, as well as an office development project in Hong Kong. Link also expanded its footprint to Sydney, Melbourne, London, and Singapore.
67GF Score

Get the complete analysis for LKREF

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

$4.45
Price
$4.58
GF Value