Cellnex Telecom (MEX:CLNXN) Cyclically Adjusted PS Ratio: 5.29 (As of Aug. 10, 2026) — 32% Below Median

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MEX:CLNXN Cellnex Telecom SA MEX:CLNXN
72 GF Score
Price MXN571.92
GF Value MXN672.59
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Cellnex Telecom Cyclically Adjusted PS Ratio?

Cellnex Telecom MEX:CLNXN 72 Cyclically Adjusted PS Ratio is 5.29 as of Aug. 10, 2026, which is 32% below its 10-year median of 7.79. GuruFocus rates MEX:CLNXN with a GF Score™ of 72/100 and a GF Value™ of MXN672.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,372 Real Estate companies, Cellnex Telecom ranks worse than 78.21% on this metric.

As of today (2026-08-10), Cellnex Telecom's current share price is MXN571.92. Cellnex Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN108.04. Cellnex Telecom's Cyclically Adjusted PS Ratio for today is 5.29.

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

MEX:CLNXN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.02   Med: 7.79   Max: 10.61
Current: 5.58

During the past years, Cellnex Telecom's highest Cyclically Adjusted PS Ratio was 10.61. The lowest was 5.02. And the median was 7.79.

MEX:CLNXN's Cyclically Adjusted PS Ratio is ranked worse than
78.21% of 1372 companies
in the Real Estate industry
Industry Median: 1.77 vs MEX:CLNXN: 5.58

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.

Cellnex Telecom's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN32.566. 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 MXN108.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cellnex Telecom  (MEX:CLNXN) 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.


Cellnex Telecom Cyclically Adjusted PS Ratio Related Terms


Cellnex Telecom Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cellnex Telecom'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.

Cellnex Telecom Cyclically Adjusted PS Ratio Chart

Cellnex Telecom 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 0.00 9.85 7.33 5.89

Cellnex Telecom 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 7.44 6.58 5.89 5.79 5.29

MEX:CLNXN vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Cellnex Telecom'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.


Cellnex Telecom Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


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

Cellnex Telecom 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.

Cellnex Telecom's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=571.92/108.04
=5.29

* 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.

Cellnex Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Cellnex Telecom'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)
=32.566/131.3300*131.3300
=32.566

Current CPI (Jun. 2026) = 131.3300.

Cellnex Telecom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.321 99.737 18.857
201612 10.756 101.842 13.870
201703 12.581 100.896 16.376
201706 11.460 101.848 14.777
201709 15.380 101.524 19.895
201712 13.719 102.975 17.497
201803 15.904 102.122 20.453
201806 15.553 104.165 19.609
201809 17.517 103.818 22.159
201812 14.801 104.193 18.656
201903 14.307 103.488 18.156
201906 13.521 104.612 16.974
201909 13.751 103.905 17.380
201912 11.608 105.015 14.517
202003 20.799 103.469 26.400
202006 20.144 104.254 25.376
202009 22.009 103.521 27.921
202012 19.086 104.456 23.996
202103 18.168 104.857 22.755
202106 18.050 107.102 22.133
202109 26.434 107.669 32.243
202112 23.189 111.298 27.363
202203 26.807 115.153 30.573
202206 23.668 118.044 26.332
202209 28.121 117.221 31.506
202212 19.785 117.650 22.085
202303 24.296 118.948 26.825
202306 25.860 120.278 28.236
202309 24.194 121.343 26.185
202312 50.742 121.300 54.938
202403 24.188 122.762 25.876
202406 28.976 124.409 30.588
202409 30.417 123.121 32.445
202412 63.115 124.753 66.442
202503 30.661 125.531 32.078
202506 33.144 127.251 34.206
202509 31.393 126.840 32.504
202512 37.023 128.400 37.868
202603 30.496 129.860 30.841
202606 32.566 131.330 32.566

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 5.29 mean?
Cellnex Telecom (MEX:CLNXN) has a Cyclically Adjusted PS Ratio of 5.29 as of Aug. 10, 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 Cellnex Telecom and its competitors. This is 32% below median its historical median of 7.79. Over the past decade, Cellnex Telecom's Cyclically Adjusted PS Ratio has ranged from 5.02 to 10.61. According to the industry distribution chart, Cellnex Telecom ranks #1073 out of 1372 companies in the Real Estate industry, placing it in the top 78.2%.
Is Cellnex Telecom's Cyclically Adjusted PS Ratio too high?
Cellnex Telecom's current Cyclically Adjusted PS Ratio of 5.29 is 32% below median its 10-year median of 7.79. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 10.61. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.77. Cellnex Telecom's value of 5.29 is 198.9% above this industry median. Based on the distribution chart, Cellnex Telecom ranks #1073 out of 1372 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Cellnex Telecom has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cellnex Telecom's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cellnex Telecom ranks #1073 out of 1372 companies for Cyclically Adjusted PS Ratio. This places Cellnex Telecom in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.77. Cellnex Telecom's value of 5.29 is 198.9% above this benchmark. Historically, Cellnex Telecom's own Cyclically Adjusted PS Ratio has ranged from 5.02 to 10.61 over the past decade. While the company's 10-year median is 7.79 vs. the industry median of 1.77, Cellnex Telecom 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.77, based on 1,372 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. Cellnex Telecom's current Cyclically Adjusted PS Ratio of 5.29 is 198.9% 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 Cellnex Telecom and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cellnex Telecom's current Cyclically Adjusted PS Ratio is 5.29, which is 32% below median its own 10-year median of 7.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cellnex Telecom stock overvalued right now?
Based on GuruFocus' analysis, Cellnex Telecom (MEX:CLNXN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN672.59, compared to a current price of MXN571.92 — trading 15% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.29, which is 32% below median its 10-year median of 7.79 and 198.9% above the Real Estate industry median of 1.77. Cellnex Telecom's overall GF Score™ is 72/100 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 Cellnex Telecom (MEX:CLNXN), the current Cyclically Adjusted PS Ratio is 5.29 as of Aug. 10, 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 Cellnex Telecom (MEX:CLNXN) Overvalued in 2026?

Based on GuruFocus' analysis, Cellnex Telecom stock appears to be undervalued. The current stock price of MXN571.92 is trading 15% below its estimated GF Value™ of MXN672.59. GuruFocus considers Cellnex Telecom to be Modestly Undervalued.

Key valuation signals for MEX:CLNXN:

  • Cyclically Adjusted PS Ratio: 5.29 (32% below median its 10-year median of 7.79)
  • GF Value™: MXN672.59 vs. price of MXN571.92 (15% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 198.9% above the Real Estate median (#1073 of 1372)

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


Cellnex Telecom Business Description

Address Paseo Zona Franca, 105, Barcelona, ESP, 08038
Cellnex owns and operates more than 100,000 wireless towers in Europe, the result of continued merger and acquisition activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in France, Italy, Spain, Poland, and the United Kingdom, among others.
72GF Score

Get the complete analysis for MEX:CLNXN

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

MXN571.92
Price
MXN672.59
GF Value