Vukile Property Fund (NAM:VKN) Cyclically Adjusted PS Ratio: 5.79 (As of Jul. 24, 2026) — 32% Above Median

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NAM:VKN Vukile Property Fund Ltd NAM:VKN
73 GF Score
Price N$24.74
GF Value N$21.73
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Vukile Property Fund Cyclically Adjusted PS Ratio?

Vukile Property Fund NAM:VKN 73 Cyclically Adjusted PS Ratio is 5.79 as of Jul. 24, 2026, which is 32% above its 10-year median of 4.39. GuruFocus rates NAM:VKN with a GF Score™ of 73/100 and a GF Value™ of N$21.73 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 551 REITs companies, Vukile Property Fund ranks worse than 50.64% on this metric.

As of today (2026-07-24), Vukile Property Fund's current share price is N$24.74. Vukile Property Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was N$4.27. Vukile Property Fund's Cyclically Adjusted PS Ratio for today is 5.79.

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

NAM:VKN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.21   Med: 4.39   Max: 6.3
Current: 5.93

During the past 13 years, Vukile Property Fund's highest Cyclically Adjusted PS Ratio was 6.30. The lowest was 1.21. And the median was 4.39.

NAM:VKN's Cyclically Adjusted PS Ratio is ranked worse than
50.64% of 551 companies
in the REITs industry
Industry Median: 5.89 vs NAM:VKN: 5.93

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.

Vukile Property Fund's adjusted revenue per share data of for the fiscal year that ended in Mar26 was N$4.515. 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 N$4.27 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vukile Property Fund  (NAM:VKN) 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.


Vukile Property Fund Cyclically Adjusted PS Ratio Related Terms


Vukile Property Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vukile Property Fund'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.

Vukile Property Fund Cyclically Adjusted PS Ratio Chart

Vukile Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 3.05 3.62 4.18 5.29

Vukile Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.62 0.00 4.18 0.00 5.29

NAM:VKN vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Vukile Property Fund'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.


Vukile Property Fund Cyclically Adjusted PS Ratio vs REITs Industry

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

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


NAM:VKN
73GF Score
Vukile Property Fund Ltd NAM:VKN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vukile Property Fund 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.

Vukile Property Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.74/4.27
=5.79

* 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.

Vukile Property Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Vukile Property Fund's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=4.515/164.7700*164.7700
=4.515

Current CPI (Mar26) = 164.7700.

Vukile Property Fund Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 3.425 111.400 5.066
201803 3.846 115.542 5.485
201903 3.613 120.774 4.929
202003 3.711 125.679 4.865
202103 3.599 129.628 4.575
202203 4.092 137.594 4.900
202303 3.445 147.586 3.846
202403 3.423 155.483 3.627
202503 3.534 159.728 3.646
202603 4.515 164.770 4.515

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 5.79 mean?
Vukile Property Fund (NAM:VKN) has a Cyclically Adjusted PS Ratio of 5.79 as of Jul. 24, 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 Vukile Property Fund and its competitors. This is 32% above median its historical median of 4.39. Over the past decade, Vukile Property Fund's Cyclically Adjusted PS Ratio has ranged from 1.21 to 6.30. According to the industry distribution chart, Vukile Property Fund ranks #279 out of 551 companies in the REITs industry, placing it in the top 50.6%.
Is Vukile Property Fund's Cyclically Adjusted PS Ratio too high?
Vukile Property Fund's current Cyclically Adjusted PS Ratio of 5.79 is 32% above median its 10-year median of 4.39. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 6.30. The REITs industry median Cyclically Adjusted PS Ratio is 5.89. Vukile Property Fund's value of 5.79 is 1.7% below this industry median. Based on the distribution chart, Vukile Property Fund ranks #279 out of 551 companies in the REITs industry, which is below the industry midpoint. Overall, Vukile Property Fund has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #279 out of 551 companies for Cyclically Adjusted PS Ratio. This places Vukile Property Fund in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.89. Vukile Property Fund's value of 5.79 is 1.7% below this benchmark. Historically, Vukile Property Fund's own Cyclically Adjusted PS Ratio has ranged from 1.21 to 6.30 over the past decade. While the company's 10-year median is 4.39 vs. the industry median of 5.89, Vukile Property Fund 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 5.89, based on 551 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. Vukile Property Fund's current Cyclically Adjusted PS Ratio of 5.79 is 1.7% 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 Vukile Property Fund and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vukile Property Fund's current Cyclically Adjusted PS Ratio is 5.79, which is 32% above median its own 10-year median of 4.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (NAM:VKN) is currently considered Modestly Overvalued. The stock's GF Value™ is N$21.73, compared to a current price of N$24.74 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.79, which is 32% above median its 10-year median of 4.39 and 1.7% below the REITs industry median of 5.89. Vukile Property Fund's overall GF Score™ is 73/100 with 8 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 Vukile Property Fund (NAM:VKN), the current Cyclically Adjusted PS Ratio is 5.79 as of Jul. 24, 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 Vukile Property Fund (NAM:VKN) Overvalued in 2026?

Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued. The current stock price of N$24.74 is trading 13.9% above its estimated GF Value™ of N$21.73. GuruFocus considers Vukile Property Fund to be Modestly Overvalued.

Key valuation signals for NAM:VKN:

  • Cyclically Adjusted PS Ratio: 5.79 (32% above median its 10-year median of 4.39)
  • GF Value™: N$21.73 vs. price of N$24.74 (13.9% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 1.7% below the REITs median (#279 of 551)

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


Vukile Property Fund Business Description

Industry Real EstateREITs
Other Exchanges VKE:South Africa
Address 11 Ninth Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
73GF Score

Get the complete analysis for NAM:VKN

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

N$24.74
Price
N$21.73
GF Value