Segro (LSE:SGRO) 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.

LSE:SGRO Segro PLC LSE:SGRO
71 GF Score
Price £9.37
GF Value £7.34
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Segro Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Segro  (LSE:SGRO) 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.


Segro Cyclically Adjusted PS Ratio Related Terms


Segro Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Segro'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.

Segro Cyclically Adjusted PS Ratio Chart

Segro 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 36.93 17.84 19.35 14.46 14.02

Segro Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 18.87 14.34 13.38 13.91 16.42

LSE:SGRO vs PLD, PSA, EXR: Cyclically Adjusted PS Ratio Comparison

For the REIT - Industrial subindustry, Segro'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.


Segro Cyclically Adjusted PS Ratio vs REITs Industry

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

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


LSE:SGRO
71GF Score
Segro PLC LSE:SGRO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Segro 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.

Segro's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Segro'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)
=0.536/139.9000*139.9000
=0.536

Current CPI (Dec25) = 139.9000.

Segro Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.300 102.200 0.411
201712 0.305 105.000 0.406
201812 0.338 107.100 0.442
201912 0.398 108.500 0.513
202012 0.374 109.400 0.478
202112 0.455 114.700 0.555
202212 0.554 125.300 0.619
202312 0.612 130.500 0.656
202412 0.507 135.100 0.525
202512 0.536 139.900 0.536

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 Segro (LSE:SGRO) Overvalued in 2026?

Based on GuruFocus' analysis, Segro stock appears to be overvalued. The current stock price of £9.37 is trading 27.6% above its estimated GF Value™ of £7.34. GuruFocus considers Segro to be Modestly Overvalued.

Key valuation signals for LSE:SGRO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: £7.34 vs. price of £9.37 (27.6% above fair value)
  • GF Score™: 71/100 with 9 warning signs

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


Segro Business Description

Industry Real EstateREITs
Address 1 New Burlington Place, London, GBR, W1S 2HR
Segro PLC owns, manages, and develops industrial and logistics space across the UK and Continental Europe. Its portfolio includes urban warehouses, big box warehouses and data centres that provide space for storage, processing and distribution of goods and IT infrastructure for applications and services. Urban warehouses are located close to population centres and business districts, while big box warehouses are used for regional, national and international distribution. Data centres house IT infrastructure for building and delivering applications and services. The portfolio also includes a small portion of industrial land used for car showrooms, self-storage facilities, hotels and offices. It operates in the UK, Germany, France, Italy, the Netherlands, Spain, and the Czech Republic.
71GF Score

Get the complete analysis for LSE:SGRO

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

£9.37
Price
£7.34
GF Value