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Derwent LondonLSE:DLN +1.09%71 Cyclically Adjusted PS Ratio is 7.63 as of Jul. 27, 2026, which is 54% below its 10-year median of 16.46. GuruFocus rates LSE:DLN with a GF Score™ of 71/100 and a GF Value™ of £22.65 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 547 REITs companies, Derwent London ranks worse than 65.81% on this metric.
The historical rank and industry rank for Derwent London's Cyclically Adjusted PS Ratio or its related term are showing as below:
LSE:DLN'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.67 Med: 16.46 Max: 24.19
Current: 7.64
During the past 13 years, Derwent London's highest Cyclically Adjusted PS Ratio was 24.19. The lowest was 5.67. And the median was 16.46.
LSE:DLN's Cyclically Adjusted PS Ratio is ranked worse than 65.81% of 547
companies
in the REITs industry
Industry Median: 5.82
vs LSE:DLN: 7.64
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.
Derwent London's adjusted revenue per share data of for the fiscal year that ended in Dec25 was £3.463. 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 £2.67 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Derwent London (LSE:DLN) 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.
Derwent London Cyclically Adjusted PS Ratio Related Terms
Derwent London Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Derwent London'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.
LSE:DLN vs BXP, ARE, VNO: Cyclically Adjusted PS Ratio Comparison
For the REIT - Office subindustry, Derwent London'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.
Derwent London Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Derwent London's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Derwent London's Cyclically Adjusted PS Ratio falls into.
Derwent London 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.
Derwent London's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 7.63 mean?
Derwent London (LSE:DLN) has a Cyclically Adjusted PS Ratio of 7.63 as of Jul. 27, 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 Derwent London and its competitors. This is 54% below median its historical median of 16.46. Over the past decade, Derwent London's Cyclically Adjusted PS Ratio has ranged from 5.67 to 24.19. According to the industry distribution chart, Derwent London ranks #360 out of 547 companies in the REITs industry, placing it in the top 65.8%.
Is Derwent London's Cyclically Adjusted PS Ratio too high?
Derwent London's current Cyclically Adjusted PS Ratio of 7.63 is 54% below median its 10-year median of 16.46. Over the past 10 years, this metric has ranged from a low of 5.67 to a high of 24.19. The REITs industry median Cyclically Adjusted PS Ratio is 5.82. Derwent London's value of 7.63 is 31.1% above this industry median. Based on the distribution chart, Derwent London ranks #360 out of 547 companies in the REITs industry, which is below the industry midpoint. Overall, Derwent London has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derwent London's Cyclically Adjusted PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Derwent London ranks #360 out of 547 companies for Cyclically Adjusted PS Ratio. This places Derwent London in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.82. Derwent London's value of 7.63 is 31.1% above this benchmark. Historically, Derwent London's own Cyclically Adjusted PS Ratio has ranged from 5.67 to 24.19 over the past decade. While the company's 10-year median is 16.46 vs. the industry median of 5.82, Derwent London 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 5.82, based on 547 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. Derwent London's current Cyclically Adjusted PS Ratio of 7.63 is 31.1% 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 Derwent London and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Derwent London's current Cyclically Adjusted PS Ratio is 7.63, which is 54% below median its own 10-year median of 16.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derwent London stock overvalued right now?
Based on GuruFocus' analysis, Derwent London (LSE:DLN) is currently considered Modestly Undervalued. The stock's GF Value™ is £22.65, compared to a current price of £20.38 — trading 10% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.63, which is 54% below median its 10-year median of 16.46 and 31.1% above the REITs industry median of 5.82. Derwent London's overall GF Score™ is 71/100 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 Derwent London (LSE:DLN), the current Cyclically Adjusted PS Ratio is 7.63 as of Jul. 27, 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 Derwent London (LSE:DLN) Overvalued in 2026?
Based on GuruFocus' analysis, Derwent London stock appears to be undervalued.
The current stock price of £20.38 is trading 10% below its estimated GF Value™ of £22.65.
GuruFocus considers Derwent London to be Modestly Undervalued.
Key valuation signals for LSE:DLN:
Cyclically Adjusted PS Ratio: 7.63 (54% below median its 10-year median of 16.46)
GF Value™: £22.65 vs. price of £20.38 (10% below fair value)
Industry Position: 31.1% above the REITs median (#360 of 547)
No single metric tells the full story. See the LSE:DLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Derwent London PLC is London's inventive office specialist property regenerators and investors and is well known for its design-led philosophy and creative management approach to development. Its appealing designs attract a range of tenants, including those from creative industries. The group has been a Real Estate Investment Trust (REIT) principally property investors with tax-exempt property rental businesses, but remain subject to corporation tax on nonexempt income and gains The Group owns and manages an investment portfolio of approximately 5.4 million sq ft, of which 98% is located in central London, with a specific focus on the West End and the areas bordering the City of London.
71GF Score
Get the complete analysis for LSE:DLN
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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