SKT (Tanger) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SKT Tanger Inc SKT
79 GF Score
Price $35.74
GF Value $35.31
Valuation Fairly Valued
! 5 Warning Signs
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What is Tanger Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tanger  (NYSE:SKT) 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.


Tanger Cyclically Adjusted PS Ratio Related Terms


Tanger Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tanger'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.

Tanger Cyclically Adjusted PS Ratio Chart

Tanger 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 3.70 3.28 4.99 6.12 5.96

Tanger 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 5.39 5.96 5.92 5.94 6.86

SKT vs PECO, KRG, CURB: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Tanger'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.


Tanger Cyclically Adjusted PS Ratio vs REITs Industry

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

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


SKT
79GF Score
Tanger Inc SKT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tanger 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.

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

For example, Tanger'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)
=1.351/333.9520*333.9520
=1.351

Current CPI (Jun. 2026) = 333.9520.

Tanger Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.245 241.428 1.722
201612 1.305 241.432 1.805
201703 1.273 243.801 1.744
201706 1.259 244.955 1.716
201709 1.286 246.819 1.740
201712 1.350 246.524 1.829
201803 1.319 249.554 1.765
201806 1.283 251.989 1.700
201809 1.334 252.439 1.765
201812 1.366 251.233 1.816
201903 1.308 254.202 1.718
201906 1.236 256.143 1.611
201909 1.280 256.759 1.665
201912 1.386 256.974 1.801
202003 1.216 258.115 1.573
202006 0.700 257.797 0.907
202009 1.128 260.280 1.447
202012 1.197 260.474 1.535
202103 1.059 264.877 1.335
202106 1.000 271.696 1.229
202109 1.089 274.310 1.326
202112 1.087 278.802 1.302
202203 1.045 287.504 1.214
202206 1.010 296.311 1.138
202209 1.062 296.808 1.195
202212 1.100 296.797 1.238
202303 1.032 301.836 1.142
202306 1.045 305.109 1.144
202309 1.104 307.789 1.198
202312 1.183 306.746 1.288
202403 1.121 312.332 1.199
202406 1.170 314.175 1.244
202409 1.201 315.301 1.272
202412 1.246 315.605 1.318
202503 1.188 319.799 1.241
202506 1.233 322.561 1.277
202509 1.267 324.800 1.303
202512 1.380 324.054 1.422
202603 1.303 330.213 1.318
202606 1.351 333.952 1.351

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 Tanger (SKT) Overvalued in 2026?

Based on GuruFocus' analysis, Tanger stock appears to be overvalued. The current stock price of $35.74 is trading 1.2% above its estimated GF Value™ of $35.31. GuruFocus considers Tanger to be Fairly Valued.

Key valuation signals for SKT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $35.31 vs. price of $35.74 (1.2% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Tanger Business Description

Industry Real EstateREITs
Other Exchanges 0LD4:UKT6O:Germany
Address 3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408
Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.
79GF Score

Get the complete analysis for SKT

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

$35.74
Price
$35.31
GF Value