Vonovia SE (MEX:VNAN) Cyclically Adjusted PS Ratio: 3.38 (As of Sep. 15, 2026) — 32% Below Median

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MEX:VNAN Vonovia SE MEX:VNAN
59 GF Score
Price MXN621.61
GF Value MXN749.50
! 6 Warning Signs
View Full Analysis

What is Vonovia SE Cyclically Adjusted PS Ratio?

Vonovia SE MEX:VNAN 59 Cyclically Adjusted PS Ratio is 3.38 as of Sep. 15, 2026, which is 32% below its 10-year median of 4.96. GuruFocus rates MEX:VNAN with a GF Score™ of 59/100 and a GF Value™ of MXN749.50. The stock has 6 warning signs investors should review. Among 1,366 Real Estate companies, Vonovia SE ranks worse than 63.03% on this metric.

As of today (2026-09-15), Vonovia SE's current share price is MXN621.61. Vonovia SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN183.69. Vonovia SE's Cyclically Adjusted PS Ratio for today is 3.38.

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

MEX:VNAN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.84   Med: 4.96   Max: 11.67
Current: 2.84

During the past years, Vonovia SE's highest Cyclically Adjusted PS Ratio was 11.67. The lowest was 2.84. And the median was 4.96.

MEX:VNAN's Cyclically Adjusted PS Ratio is ranked worse than
63.03% of 1366 companies
in the Real Estate industry
Industry Median: 1.78 vs MEX:VNAN: 2.84

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.

Vonovia SE's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN30.635. 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 MXN183.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vonovia SE  (MEX:VNAN) 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.


Vonovia SE Cyclically Adjusted PS Ratio Related Terms


Vonovia SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vonovia SE'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.

Vonovia SE Cyclically Adjusted PS Ratio Chart

Vonovia SE 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 9.12 4.28 5.17 4.89 3.94

Vonovia SE 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 4.88 4.27 3.94 3.40 3.39

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

For the Real Estate Services subindustry, Vonovia SE'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.


Vonovia SE Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


MEX:VNAN
59GF Score
Vonovia SE MEX:VNAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vonovia SE 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.

Vonovia SE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=621.61/183.69
=3.38

* 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.

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

For example, Vonovia SE'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)
=30.635/131.3638*131.3638
=30.635

Current CPI (Jun. 2026) = 131.3638.

Vonovia SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 19.525 101.017 25.391
201612 20.299 101.217 26.345
201703 20.427 101.417 26.459
201706 20.463 102.117 26.324
201709 21.345 102.717 27.298
201712 22.929 102.617 29.352
201803 22.010 102.917 28.094
201806 27.474 104.017 34.697
201809 27.848 104.718 34.934
201812 27.823 104.217 35.070
201903 24.042 104.217 30.304
201906 25.017 105.718 31.086
201909 24.919 106.018 30.876
201912 28.035 105.818 34.803
202003 30.836 105.718 38.317
202006 31.950 106.618 39.366
202009 32.000 105.818 39.725
202012 31.401 105.518 39.093
202103 30.304 107.518 37.025
202106 35.803 108.486 43.353
202109 37.137 109.435 44.579
202112 35.289 110.384 41.996
202203 34.124 113.968 39.333
202206 38.783 115.760 44.011
202209 37.772 118.818 41.760
202212 31.448 119.345 34.615
202303 32.716 122.402 35.111
202306 33.344 123.140 35.571
202309 27.744 124.195 29.346
202312 22.983 123.773 24.393
202403 28.867 125.038 30.327
202406 31.301 125.882 32.664
202409 37.309 126.198 38.836
202412 51.164 127.041 52.905
202503 36.790 127.779 37.822
202506 35.918 128.412 36.744
202509 34.501 129.255 35.064
202512 28.850 129.361 29.297
202603 32.271 131.258 32.297
202606 30.635 131.364 30.635

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 3.38 mean?
Vonovia SE (MEX:VNAN) has a Cyclically Adjusted PS Ratio of 3.38 as of Sep. 15, 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 Vonovia SE and its competitors. This is 32% below median its historical median of 4.96. Over the past decade, Vonovia SE's Cyclically Adjusted PS Ratio has ranged from 2.84 to 11.67. According to the industry distribution chart, Vonovia SE ranks #861 out of 1366 companies in the Real Estate industry, placing it in the top 63%.
Is Vonovia SE's Cyclically Adjusted PS Ratio too high?
Vonovia SE's current Cyclically Adjusted PS Ratio of 3.38 is 32% below median its 10-year median of 4.96. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 11.67. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Vonovia SE's value of 3.38 is 89.9% above this industry median. Based on the distribution chart, Vonovia SE ranks #861 out of 1366 companies in the Real Estate industry, which is below the industry midpoint. Overall, Vonovia SE has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Vonovia SE's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Vonovia SE ranks #861 out of 1366 companies for Cyclically Adjusted PS Ratio. This places Vonovia SE in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Vonovia SE's value of 3.38 is 89.9% above this benchmark. Historically, Vonovia SE's own Cyclically Adjusted PS Ratio has ranged from 2.84 to 11.67 over the past decade. While the company's 10-year median is 4.96 vs. the industry median of 1.78, Vonovia SE 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 1.78, based on 1,366 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. Vonovia SE's current Cyclically Adjusted PS Ratio of 3.38 is 89.9% 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 Vonovia SE and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vonovia SE's current Cyclically Adjusted PS Ratio is 3.38, which is 32% below median its own 10-year median of 4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vonovia SE stock overvalued right now?
Vonovia SE (MEX:VNAN) has a current Cyclically Adjusted PS Ratio of 3.38. The stock's GF Value™ is MXN749.50, compared to a current price of MXN621.61 — trading 17.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.38, which is 32% below median its 10-year median of 4.96 and 89.9% above the Real Estate industry median of 1.78. Vonovia SE's overall GF Score™ is 59/100 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 Vonovia SE (MEX:VNAN), the current Cyclically Adjusted PS Ratio is 3.38 as of Sep. 15, 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 Vonovia SE (MEX:VNAN) Overvalued in 2026?

Based on GuruFocus' analysis, Vonovia SE stock appears to be undervalued. The current stock price of MXN621.61 is trading 17.1% below its estimated GF Value™ of MXN749.50.

Key valuation signals for MEX:VNAN:

  • Cyclically Adjusted PS Ratio: 3.38 (32% below median its 10-year median of 4.96)
  • GF Value™: MXN749.50 vs. price of MXN621.61 (17.1% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 89.9% above the Real Estate median (#861 of 1366)

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


Vonovia SE Business Description

Address Universitatsstrasse 133, Bochum, DEU, 44803
Vonovia SE is a residential real estate company based out of Germany. It owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. The company manages its operations through four business segments; Rental, Value-add, Recurring Sales, and Development. Maximum revenue is generated from the Rental segment, which combines all of the business activities that are aimed at the value-enhancing management of its residential real estate. It includes the company's property management activities in Germany, Austria, and Sweden.
59GF Score

Get the complete analysis for MEX:VNAN

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

MXN621.61
Price
MXN749.50
GF Value