Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUNN) Cyclically Adjusted PS Ratio: (As of Aug. 11, 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.

MEX:CARUNN Canadian Apartment Properties Real Estate Investment Trust MEX:CARUNN
65 GF Score
Price MXN520.00
GF Value MXN664.54
! 8 Warning Signs
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What is Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Apartment Properties Real Estate Investment Trust  (MEX:CARUNN) 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.


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Canadian Apartment Properties 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.

Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Canadian Apartment Properties Real Estate Investment Trust 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 11.46 7.66 8.42 7.13 5.97

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 7.25 6.61 5.97 5.66 0.00

MEX:CARUNN vs AVB, EQR, ESS: Cyclically Adjusted PS Ratio Comparison

For the REIT - Residential subindustry, Canadian Apartment Properties 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.


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

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


MEX:CARUNN
65GF Score
Canadian Apartment Properties Real Estate Investment Trust MEX:CARUNN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Apartment Properties 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.

Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Canadian Apartment Properties Real Estate Investment Trust's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.738/133.5265*133.5265
=19.738

Current CPI (Jun. 2026) = 133.5265.

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.713 101.765 21.929
201612 17.318 101.449 22.794
201703 15.985 102.634 20.796
201706 15.527 103.029 20.123
201709 17.303 103.345 22.356
201712 18.235 103.345 23.561
201803 16.856 105.004 21.435
201806 17.617 105.557 22.285
201809 16.955 105.636 21.432
201812 17.808 105.399 22.560
201903 17.273 106.979 21.559
201906 17.411 107.690 21.588
201909 18.479 107.611 22.929
201912 18.192 107.769 22.540
202003 21.250 107.927 26.290
202006 21.883 108.401 26.955
202009 21.472 108.164 26.507
202012 20.263 108.559 24.923
202103 21.378 110.298 25.880
202106 21.486 111.720 25.680
202109 22.021 112.905 26.043
202112 21.139 113.774 24.809
202203 22.040 117.646 25.015
202206 22.429 120.806 24.791
202209 21.769 120.648 24.093
202212 21.389 120.964 23.610
202303 20.071 122.702 21.842
202306 20.063 124.203 21.569
202309 20.356 125.230 21.705
202312 20.278 125.072 21.649
202403 19.916 126.258 21.063
202406 21.931 127.522 22.964
202409 24.209 127.285 25.396
202412 24.119 127.364 25.286
202503 22.149 129.181 22.894
202506 21.810 129.892 22.420
202509 21.079 130.287 21.603
202512 20.180 130.366 20.669
202603 20.874 132.262 21.074
202606 19.738 133.527 19.738

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 Canadian Apartment Properties Real Estate Investment Trust (MEX:CARUNN) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of MXN520.00 is trading 21.8% below its estimated GF Value™ of MXN664.54.

Key valuation signals for MEX:CARUNN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN664.54 vs. price of MXN520.00 (21.8% below fair value)
  • GF Score™: 65/100 with 8 warning signs

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


Canadian Apartment Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address 11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust. It owns and manages interests in multi-unit residential rental properties, principally located in and near urban centres across Canada, and to a lesser extent, in the Netherlands. The company operates in the following reportable segments: Canada and Europe. The majority of its revenue is derived from its income-producing real estate properties located in Canada.
65GF Score

Get the complete analysis for MEX:CARUNN

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

MXN520.00
Price
MXN664.54
GF Value