German High Street Properties AS (OCSE:GERHSP) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.

OCSE:GERHSP German High Street Properties AS OCSE:GERHSP
50 GF Score
Price kr64.00
GF Value kr74.56
Valuation Modestly Undervalued
! 11 Warning Signs
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What is German High Street Properties AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


German High Street Properties AS  (OCSE:GERHSP) 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.


German High Street Properties AS Cyclically Adjusted PS Ratio Related Terms


German High Street Properties AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for German High Street Properties AS'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.

German High Street Properties AS Cyclically Adjusted PS Ratio Chart

German High Street Properties AS 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 9.94 9.41 6.96 5.65 4.42

German High Street Properties AS 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 5.53 4.79 4.41 4.99 4.77

OCSE:GERHSP vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, German High Street Properties AS'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.


German High Street Properties AS Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, German High Street Properties AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where German High Street Properties AS's Cyclically Adjusted PS Ratio falls into.


OCSE:GERHSP
50GF Score
German High Street Properties AS OCSE:GERHSP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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German High Street Properties AS 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.

German High Street Properties AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, German High Street Properties AS'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)
=2.528/122.9500*122.9500
=2.528

Current CPI (Jun. 2026) = 122.9500.

German High Street Properties AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.025 100.200 3.712
201612 3.611 100.300 4.426
201703 2.912 101.200 3.538
201706 3.139 101.200 3.814
201709 2.675 101.800 3.231
201712 3.181 101.300 3.861
201803 3.015 101.700 3.645
201806 3.082 102.300 3.704
201809 2.979 102.400 3.577
201812 3.047 102.100 3.669
201903 3.543 102.900 4.233
201906 3.563 102.900 4.257
201909 3.362 102.900 4.017
201912 5.160 102.900 6.165
202003 3.565 103.300 4.243
202006 3.016 103.200 3.593
202009 3.831 103.500 4.551
202012 3.634 103.400 4.321
202103 3.443 104.300 4.059
202106 3.179 105.000 3.722
202109 3.594 105.800 4.177
202112 3.141 106.600 3.623
202203 2.780 109.900 3.110
202206 2.940 113.600 3.182
202209 2.727 116.400 2.880
202212 1.431 115.900 1.518
202303 2.821 117.300 2.957
202306 2.328 116.400 2.459
202309 3.046 117.400 3.190
202312 2.512 116.700 2.647
202403 2.972 118.400 3.086
202406 3.186 118.500 3.306
202409 2.409 118.900 2.491
202412 1.861 118.900 1.924
202503 2.413 120.200 2.468
202506 2.548 120.700 2.595
202509 2.498 121.600 2.526
202512 2.704 121.180 2.743
202603 2.539 121.670 2.566
202606 2.528 122.950 2.528

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 German High Street Properties AS (OCSE:GERHSP) Overvalued in 2026?

Based on GuruFocus' analysis, German High Street Properties AS stock appears to be undervalued. The current stock price of kr64.00 is trading 14.2% below its estimated GF Value™ of kr74.56. GuruFocus considers German High Street Properties AS to be Modestly Undervalued.

Key valuation signals for OCSE:GERHSP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr74.56 vs. price of kr64.00 (14.2% below fair value)
  • GF Score™: 50/100 with 11 warning signs

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


German High Street Properties AS Business Description

Address Mosehojvej 17, Charlottenlund, Copenhagen, DNK, 2920
German High Street Properties AS invests in high-street properties and real estate properties. The Group aims to invest in well-located properties in cities with economic and demographic growth in Scandinavia, Germany, Switzerland, and England. Its activities are managed, reported, and presented in German properties and Administration.
50GF Score

Get the complete analysis for OCSE:GERHSP

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

kr64.00
Price
kr74.56
GF Value