Balkan and Sea Properties Reit-Varna (LTS:0HZU) Cyclically Adjusted PS Ratio: 70.83 (As of Aug. 20, 2026) — 64% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

LTS:0HZU Balkan and Sea Properties Reit-Varna LTS:0HZU
36 GF Score
Price лв17.00
! 6 Warning Signs
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What is Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio?

Balkan and Sea Properties Reit-Varna LTS:0HZU 36 Cyclically Adjusted PS Ratio is 70.83 as of Aug. 20, 2026, which is 64% below its 10-year median of 194.55. GuruFocus rates LTS:0HZU with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 541 REITs companies, Balkan and Sea Properties Reit-Varna ranks worse than 99.82% on this metric.

As of today (2026-08-20), Balkan and Sea Properties Reit-Varna's current share price is лв17.00. Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was лв0.24. Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio for today is 70.83.

The historical rank and industry rank for Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0HZU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 71.11   Med: 194.55   Max: 211.24
Current: 72.79

During the past years, Balkan and Sea Properties Reit-Varna's highest Cyclically Adjusted PS Ratio was 211.24. The lowest was 71.11. And the median was 194.55.

LTS:0HZU's Cyclically Adjusted PS Ratio is ranked worse than
99.82% of 541 companies
in the REITs industry
Industry Median: 5.77 vs LTS:0HZU: 72.79

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.

Balkan and Sea Properties Reit-Varna's adjusted revenue per share data for the three months ended in Mar. 2026 was лв0.163. 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 лв0.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Balkan and Sea Properties Reit-Varna  (LTS:0HZU) 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.


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Related Terms


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Balkan and Sea Properties Reit-Varna'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.

Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Chart

Balkan and Sea Properties Reit-Varna 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 0.00 201.31 209.00 163.74 147.14

Balkan and Sea Properties Reit-Varna Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 142.75 145.11 148.52 147.14 71.67

LTS:0HZU vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Balkan and Sea Properties Reit-Varna'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.


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio falls into.


LTS:0HZU
36GF Score
Balkan and Sea Properties Reit-Varna LTS:0HZU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Balkan and Sea Properties Reit-Varna 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.

Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.00/0.24
=70.83

* 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.

Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Balkan and Sea Properties Reit-Varna's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.163/330.2130*330.2130
=0.163

Current CPI (Mar. 2026) = 330.2130.

Balkan and Sea Properties Reit-Varna Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.009 241.018 0.012
201609 0.009 241.428 0.012
201612 0.079 241.432 0.108
201703 0.008 243.801 0.011
201706 0.011 244.955 0.015
201709 0.032 246.819 0.043
201712 0.053 246.524 0.071
201803 0.055 249.554 0.073
201806 0.026 251.989 0.034
201809 0.124 252.439 0.162
201812 0.414 251.233 0.544
201903 0.179 254.202 0.233
201906 0.063 256.143 0.081
201909 -0.013 256.759 -0.017
201912 0.054 256.974 0.069
202003 0.009 258.115 0.012
202006 0.006 257.797 0.008
202009 0.154 260.280 0.195
202012 -0.172 260.474 -0.218
202103 0.003 264.877 0.004
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.000 278.802 0.000
202203 0.003 287.504 0.003
202206 0.004 296.311 0.004
202209 0.006 296.808 0.007
202212 0.027 296.797 0.030
202303 0.047 301.836 0.051
202306 -0.037 305.109 -0.040
202309 0.008 307.789 0.009
202312 0.003 306.746 0.003
202403 0.004 312.332 0.004
202406 0.008 314.175 0.008
202409 0.012 315.301 0.013
202412 0.575 315.605 0.602
202503 0.358 319.799 0.370
202506 0.039 322.561 0.040
202509 0.259 324.800 0.263
202512 0.131 324.054 0.133
202603 0.163 330.213 0.163

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 70.83 mean?
Balkan and Sea Properties Reit-Varna (LTS:0HZU) has a Cyclically Adjusted PS Ratio of 70.83 as of Aug. 20, 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 Balkan and Sea Properties Reit-Varna and its competitors. This is 64% below median its historical median of 194.55. Over the past decade, Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio has ranged from 71.11 to 211.24. According to the industry distribution chart, Balkan and Sea Properties Reit-Varna ranks #540 out of 541 companies in the REITs industry, placing it in the top 99.8%.
Is Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio too high?
Balkan and Sea Properties Reit-Varna's current Cyclically Adjusted PS Ratio of 70.83 is 64% below median its 10-year median of 194.55. Over the past 10 years, this metric has ranged from a low of 71.11 to a high of 211.24. The REITs industry median Cyclically Adjusted PS Ratio is 5.77. Balkan and Sea Properties Reit-Varna's value of 70.83 is 1127.6% above this industry median. Based on the distribution chart, Balkan and Sea Properties Reit-Varna ranks #540 out of 541 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Balkan and Sea Properties Reit-Varna has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Balkan and Sea Properties Reit-Varna ranks #540 out of 541 companies for Cyclically Adjusted PS Ratio. This places Balkan and Sea Properties Reit-Varna in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.77. Balkan and Sea Properties Reit-Varna's value of 70.83 is 1127.6% above this benchmark. Historically, Balkan and Sea Properties Reit-Varna's own Cyclically Adjusted PS Ratio has ranged from 71.11 to 211.24 over the past decade. While the company's 10-year median is 194.55 vs. the industry median of 5.77, Balkan and Sea Properties Reit-Varna 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 5.77, based on 541 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. Balkan and Sea Properties Reit-Varna's current Cyclically Adjusted PS Ratio of 70.83 is 1127.6% 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 Balkan and Sea Properties Reit-Varna and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balkan and Sea Properties Reit-Varna's current Cyclically Adjusted PS Ratio is 70.83, which is 64% below median its own 10-year median of 194.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balkan and Sea Properties Reit-Varna stock overvalued right now?
Balkan and Sea Properties Reit-Varna (LTS:0HZU) has a current Cyclically Adjusted PS Ratio of 70.83. The current Cyclically Adjusted PS Ratio is 70.83, which is 64% below median its 10-year median of 194.55 and 1127.6% above the REITs industry median of 5.77. Balkan and Sea Properties Reit-Varna's overall GF Score™ is 36/100 with 6 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 Balkan and Sea Properties Reit-Varna (LTS:0HZU), the current Cyclically Adjusted PS Ratio is 70.83 as of Aug. 20, 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.

Balkan and Sea Properties Reit-Varna Business Description

Industry Real EstateREITs
Other Exchanges BSP:Bulgaria
Address 14 General Kolev Boulevard, Varna, BGR, 9000
Balkan and Sea Properties Reit-Varna is a real estate investment trust.
36GF Score

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

лв17.00
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