BXP (MEX:BXP) Cyclically Adjusted PS Ratio: 2.28 (As of Jul. 17, 2026) — 61% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.

MEX:BXP BXP Inc MEX:BXP
72 GF Score
Price MXN1,280.00
GF Value MXN1,250.47
! 13 Warning Signs
View Full Analysis

What is BXP Cyclically Adjusted PS Ratio?

BXP MEX:BXP 72 Cyclically Adjusted PS Ratio is 2.28 as of Jul. 17, 2026, which is 61% below its 10-year median of 5.85. GuruFocus rates MEX:BXP with a GF Score™ of 72/100 and a GF Value™ of MXN1,250.47. The stock has 13 warning signs investors should review. Among 553 REITs companies, BXP ranks better than 73.78% on this metric.

As of today (2026-07-17), BXP's current share price is MXN1280.00. BXP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN561.08. BXP's Cyclically Adjusted PS Ratio for today is 2.28.

The historical rank and industry rank for BXP's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:BXP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.28   Med: 5.85   Max: 10.13
Current: 3.1

During the past years, BXP's highest Cyclically Adjusted PS Ratio was 10.13. The lowest was 2.28. And the median was 5.85.

MEX:BXP's Cyclically Adjusted PS Ratio is ranked better than
73.78% of 553 companies
in the REITs industry
Industry Median: 5.92 vs MEX:BXP: 3.10

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.

BXP's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN98.878. 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 MXN561.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BXP  (MEX:BXP) 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.


BXP Cyclically Adjusted PS Ratio Related Terms


BXP Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BXP'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.

BXP Cyclically Adjusted PS Ratio Chart

BXP 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 6.20 3.35 3.32 3.41 3.02

BXP 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 3.04 3.03 3.31 3.02 2.28

MEX:BXP vs ARE, VNO, CUZ: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, BXP'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.


BXP Cyclically Adjusted PS Ratio vs REITs Industry

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

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


MEX:BXP
72GF Score
BXP Inc MEX:BXP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BXP 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.

BXP's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1280.00/561.08
=2.28

* 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.

BXP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, BXP'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)
=98.878/330.2130*330.2130
=98.878

Current CPI (Mar. 2026) = 330.2130.

BXP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 74.948 241.018 102.684
201609 78.431 241.428 107.274
201612 85.156 241.432 116.470
201703 77.193 243.801 104.553
201706 76.940 244.955 103.719
201709 77.265 246.819 103.371
201712 83.275 246.524 111.545
201803 77.641 249.554 102.736
201806 84.471 251.989 110.693
201809 82.991 252.439 108.560
201812 89.459 251.233 117.582
201903 90.920 254.202 118.107
201906 91.005 256.143 117.321
201909 94.815 256.759 121.940
201912 92.176 256.974 118.447
202003 113.656 258.115 145.403
202006 97.251 257.797 124.569
202009 98.381 260.280 124.814
202012 84.956 260.474 107.702
202103 93.458 264.877 116.511
202106 90.782 271.696 110.334
202109 95.860 274.310 115.396
202112 95.937 278.802 113.628
202203 95.660 287.504 109.870
202206 99.050 296.311 110.383
202209 101.197 296.808 112.586
202212 98.007 296.797 109.041
202303 92.189 301.836 100.856
202306 89.107 305.109 96.439
202309 91.523 307.789 98.191
202312 89.466 306.746 96.310
202403 88.661 312.332 93.737
202406 99.058 314.175 104.115
202409 106.935 315.301 111.992
202412 112.950 315.605 118.178
202503 111.584 319.799 115.218
202506 102.978 322.561 105.421
202509 100.964 324.800 102.647
202512 99.254 324.054 101.140
202603 98.878 330.213 98.878

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 2.28 mean?
BXP (MEX:BXP) has a Cyclically Adjusted PS Ratio of 2.28 as of Jul. 17, 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 BXP and its competitors. This is 61% below median its historical median of 5.85. Over the past decade, BXP's Cyclically Adjusted PS Ratio has ranged from 2.28 to 10.13. According to the industry distribution chart, BXP ranks #145 out of 553 companies in the REITs industry, placing it in the top 26.2%.
Is BXP's Cyclically Adjusted PS Ratio too high?
BXP's current Cyclically Adjusted PS Ratio of 2.28 is 61% below median its 10-year median of 5.85. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 10.13. The REITs industry median Cyclically Adjusted PS Ratio is 5.92. BXP's value of 2.28 is 61.5% below this industry median. Based on the distribution chart, BXP ranks #145 out of 553 companies in the REITs industry, which is above the industry midpoint. Overall, BXP has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does BXP's Cyclically Adjusted PS Ratio compare to ARE and VNO?
According to the REITs industry distribution chart, BXP ranks #145 out of 553 companies for Cyclically Adjusted PS Ratio. This puts BXP in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.92. BXP's value of 2.28 is 61.5% below this benchmark. Historically, BXP's own Cyclically Adjusted PS Ratio has ranged from 2.28 to 10.13 over the past decade. While the company's 10-year median is 5.85 vs. the industry median of 5.92, BXP has consistently been below 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 5.92, based on 553 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. BXP's current Cyclically Adjusted PS Ratio of 2.28 is 61.5% below 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 BXP and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BXP's current Cyclically Adjusted PS Ratio is 2.28, which is 61% below median its own 10-year median of 5.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BXP stock overvalued right now?
BXP (MEX:BXP) has a current Cyclically Adjusted PS Ratio of 2.28. The stock's GF Value™ is MXN1,250.47, compared to a current price of MXN1,280.00 — trading 2.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.28, which is 61% below median its 10-year median of 5.85 and 61.5% below the REITs industry median of 5.92. BXP's overall GF Score™ is 72/100 with 13 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 BXP (MEX:BXP), the current Cyclically Adjusted PS Ratio is 2.28 as of Jul. 17, 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 BXP (MEX:BXP) Overvalued in 2026?

Based on GuruFocus' analysis, BXP stock appears to be overvalued. The current stock price of MXN1,280.00 is trading 2.4% above its estimated GF Value™ of MXN1,250.47.

Key valuation signals for MEX:BXP:

  • Cyclically Adjusted PS Ratio: 2.28 (61% below median its 10-year median of 5.85)
  • GF Value™: MXN1,250.47 vs. price of MXN1,280.00 (2.4% above fair value)
  • GF Score™: 72/100 with 13 warning signs
  • Industry Position: 61.5% below the REITs median (#145 of 553)

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


BXP Business Description

Industry Real EstateREITs
Address 800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103
BXP owns 179 properties consisting of approximately 52.6 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
72GF Score

Get the complete analysis for MEX:BXP

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

MXN1,280.00
Price
MXN1,250.47
GF Value