Musharaka REIT (SAU:4335) Cyclically Adjusted PS Ratio: 2.70 (As of Aug. 13, 2026) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SAU:4335 Musharaka REIT SAU:4335
57 GF Score
Price ﷼3.45
GF Value ﷼4.37
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Musharaka REIT Cyclically Adjusted PS Ratio?

Musharaka REIT SAU:4335 +2.07% 57 Cyclically Adjusted PS Ratio is 2.70 as of Aug. 13, 2026, which is 16% below its 10-year median of 3.23. GuruFocus rates SAU:4335 with a GF Score™ of 57/100 and a GF Value™ of ﷼4.37 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 546 REITs companies, Musharaka REIT ranks better than 77.84% on this metric.

As of today (2026-08-13), Musharaka REIT's current share price is ﷼3.45. Musharaka REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was ﷼1.28. Musharaka REIT's Cyclically Adjusted PS Ratio for today is 2.70.

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

SAU:4335' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.67   Med: 3.23   Max: 3.39
Current: 2.72

During the past 10 years, Musharaka REIT's highest Cyclically Adjusted PS Ratio was 3.39. The lowest was 2.67. And the median was 3.23.

SAU:4335's Cyclically Adjusted PS Ratio is ranked better than
77.84% of 546 companies
in the REITs industry
Industry Median: 5.78 vs SAU:4335: 2.72

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.

Musharaka REIT's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ﷼0.988. 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 ﷼1.28 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Musharaka REIT  (SAU:4335) 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.


Musharaka REIT Cyclically Adjusted PS Ratio Related Terms


Musharaka REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Musharaka REIT'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.

Musharaka REIT Cyclically Adjusted PS Ratio Chart

Musharaka REIT 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 0.00 0.00 3.20

Musharaka REIT Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 3.20

SAU:4335 vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Musharaka REIT'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.


Musharaka REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

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


SAU:4335
57GF Score
Musharaka REIT SAU:4335
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Musharaka REIT 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.

Musharaka REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.45/1.28
=2.70

* 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.

Musharaka REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Musharaka REIT's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.988/324.0540*324.0540
=0.988

Current CPI (Dec25) = 324.0540.

Musharaka REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.288 241.432 0.387
201712 2.093 246.524 2.751
201812 0.000 251.233 0.000
201912 1.076 256.974 1.357
202012 1.062 260.474 1.321
202112 1.009 278.802 1.173
202212 1.143 296.797 1.248
202312 1.085 306.746 1.146
202412 1.084 315.605 1.113
202512 0.988 324.054 0.988

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 2.70 mean?
Musharaka REIT (SAU:4335) has a Cyclically Adjusted PS Ratio of 2.70 as of Aug. 13, 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 Musharaka REIT and its competitors. This is 16% below median its historical median of 3.23. Over the past decade, Musharaka REIT's Cyclically Adjusted PS Ratio has ranged from 2.67 to 3.39. According to the industry distribution chart, Musharaka REIT ranks #121 out of 546 companies in the REITs industry, placing it in the top 22.2%.
Is Musharaka REIT's Cyclically Adjusted PS Ratio too high?
Musharaka REIT's current Cyclically Adjusted PS Ratio of 2.70 is 16% below median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 3.39. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Musharaka REIT's value of 2.70 is 53.3% below this industry median. Based on the distribution chart, Musharaka REIT ranks #121 out of 546 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Musharaka REIT has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Musharaka REIT's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Musharaka REIT ranks #121 out of 546 companies for Cyclically Adjusted PS Ratio. This places Musharaka REIT in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.78. Musharaka REIT's value of 2.70 is 53.3% below this benchmark. Historically, Musharaka REIT's own Cyclically Adjusted PS Ratio has ranged from 2.67 to 3.39 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 5.78, Musharaka REIT 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 5.78, based on 546 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. Musharaka REIT's current Cyclically Adjusted PS Ratio of 2.70 is 53.3% 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 Musharaka REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Musharaka REIT's current Cyclically Adjusted PS Ratio is 2.70, which is 16% below median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Musharaka REIT stock overvalued right now?
Based on GuruFocus' analysis, Musharaka REIT (SAU:4335) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼4.37, compared to a current price of ﷼3.45 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.70, which is 16% below median its 10-year median of 3.23 and 53.3% below the REITs industry median of 5.78. Musharaka REIT's overall GF Score™ is 57/100 with 7 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 Musharaka REIT (SAU:4335), the current Cyclically Adjusted PS Ratio is 2.70 as of Aug. 13, 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 Musharaka REIT (SAU:4335) Overvalued in 2026?

Based on GuruFocus' analysis, Musharaka REIT stock appears to be undervalued. The current stock price of ﷼3.45 is trading 21.1% below its estimated GF Value™ of ﷼4.37. GuruFocus considers Musharaka REIT to be Modestly Undervalued.

Key valuation signals for SAU:4335:

  • Cyclically Adjusted PS Ratio: 2.70 (16% below median its 10-year median of 3.23)
  • GF Value™: ﷼4.37 vs. price of ﷼3.45 (21.1% below fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 53.3% below the REITs median (#121 of 546)

No single metric tells the full story. See the SAU:4335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Musharaka REIT Business Description

Industry Real EstateREITs
Address Prince Turky Bin Abdulaziz Street, Adeer Tower, 13th Floor, PO. Box 712, Al Khobar, SAU, 31952
Musharaka REIT is a closed-end real estate investment fund. Its investment objective is to invest in developing properties that are qualified to generate periodic rental income, while its dividend policy is to distribute at least 90 percent of the Fund's net profit as cash dividends to the unit holders annually. The fund invests in residential, commercial, industrial, and hospitality real estate assets located across different cities in Saudi Arabia.
57GF Score

Get the complete analysis for SAU:4335

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

﷼3.45
Price
﷼4.37
GF Value