Gladstone Land (STU:3L4) Cyclically Adjusted PS Ratio: 3.04 (As of Aug. 20, 2026) — 48% 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.

STU:3L4 Gladstone Land Corp STU:3L4
68 GF Score
Price €7.36
GF Value €9.09
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Gladstone Land Cyclically Adjusted PS Ratio?

Gladstone Land STU:3L4 +3.88% 68 Cyclically Adjusted PS Ratio is 3.04 as of Aug. 20, 2026, which is 48% below its 10-year median of 5.87. GuruFocus rates STU:3L4 with a GF Score™ of 68/100 and a GF Value™ of €9.09 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 541 REITs companies, Gladstone Land ranks better than 75.23% on this metric.

As of today (2026-08-20), Gladstone Land's current share price is €7.36. Gladstone Land's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.42. Gladstone Land's Cyclically Adjusted PS Ratio for today is 3.04.

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

STU:3L4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.93   Med: 5.87   Max: 19.88
Current: 3.1

During the past years, Gladstone Land's highest Cyclically Adjusted PS Ratio was 19.88. The lowest was 2.93. And the median was 5.87.

STU:3L4's Cyclically Adjusted PS Ratio is ranked better than
75.23% of 541 companies
in the REITs industry
Industry Median: 5.77 vs STU:3L4: 3.10

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.

Gladstone Land's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.257. 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 €2.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Land  (STU:3L4) 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.


Gladstone Land Cyclically Adjusted PS Ratio Related Terms


Gladstone Land Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gladstone Land'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.

Gladstone Land Cyclically Adjusted PS Ratio Chart

Gladstone Land 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 17.36 8.36 5.93 4.16 3.35

Gladstone Land 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 3.83 3.42 3.35 3.68 3.08

STU:3L4 vs NLCP, FPI, SELF: Cyclically Adjusted PS Ratio Comparison

For the REIT - Specialty subindustry, Gladstone Land'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.


Gladstone Land Cyclically Adjusted PS Ratio vs REITs Industry

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

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


STU:3L4
68GF Score
Gladstone Land Corp STU:3L4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gladstone Land 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.

Gladstone Land's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.36/2.42
=3.04

* 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.

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

For example, Gladstone Land'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)
=0.257/333.9520*333.9520
=0.257

Current CPI (Jun. 2026) = 333.9520.

Gladstone Land Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.397 241.428 0.549
201612 0.465 241.432 0.643
201703 0.517 243.801 0.708
201706 0.450 244.955 0.613
201709 0.449 246.819 0.608
201712 0.421 246.524 0.570
201803 0.537 249.554 0.719
201806 0.629 251.989 0.834
201809 0.428 252.439 0.566
201812 0.429 251.233 0.570
201903 0.384 254.202 0.504
201906 0.397 256.143 0.518
201909 0.482 256.759 0.627
201912 0.580 256.974 0.754
202003 0.650 258.115 0.841
202006 0.524 257.797 0.679
202009 0.540 260.280 0.693
202012 0.510 260.474 0.654
202103 0.501 264.877 0.632
202106 0.478 271.696 0.588
202109 0.531 274.310 0.646
202112 0.597 278.802 0.715
202203 0.528 287.504 0.613
202206 0.556 296.311 0.627
202209 0.707 296.808 0.795
202212 0.672 296.797 0.756
202303 0.557 301.836 0.616
202306 0.548 305.109 0.600
202309 0.616 307.789 0.668
202312 0.626 306.746 0.682
202403 0.520 312.332 0.556
202406 0.552 314.175 0.587
202409 0.567 315.301 0.601
202412 0.558 315.605 0.590
202503 0.430 319.799 0.449
202506 0.295 322.561 0.305
202509 0.419 324.800 0.431
202512 0.945 324.054 0.974
202603 0.350 330.213 0.354
202606 0.257 333.952 0.257

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 3.04 mean?
Gladstone Land (STU:3L4) has a Cyclically Adjusted PS Ratio of 3.04 as of Aug. 20, 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 Gladstone Land and its competitors. This is 48% below median its historical median of 5.87. Over the past decade, Gladstone Land's Cyclically Adjusted PS Ratio has ranged from 2.93 to 19.88. According to the industry distribution chart, Gladstone Land ranks #134 out of 541 companies in the REITs industry, placing it in the top 24.8%.
Is Gladstone Land's Cyclically Adjusted PS Ratio too high?
Gladstone Land's current Cyclically Adjusted PS Ratio of 3.04 is 48% below median its 10-year median of 5.87. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 19.88. The REITs industry median Cyclically Adjusted PS Ratio is 5.77. Gladstone Land's value of 3.04 is 47.3% below this industry median. Based on the distribution chart, Gladstone Land ranks #134 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Gladstone Land has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gladstone Land's Cyclically Adjusted PS Ratio compare to NLCP and FPI?
According to the REITs industry distribution chart, Gladstone Land ranks #134 out of 541 companies for Cyclically Adjusted PS Ratio. This places Gladstone Land in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.77. Gladstone Land's value of 3.04 is 47.3% below this benchmark. Historically, Gladstone Land's own Cyclically Adjusted PS Ratio has ranged from 2.93 to 19.88 over the past decade. While the company's 10-year median is 5.87 vs. the industry median of 5.77, Gladstone Land 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 5.77, based on 541 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. Gladstone Land's current Cyclically Adjusted PS Ratio of 3.04 is 47.3% 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 Gladstone Land and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gladstone Land's current Cyclically Adjusted PS Ratio is 3.04, which is 48% below median its own 10-year median of 5.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Land stock overvalued right now?
Based on GuruFocus' analysis, Gladstone Land (STU:3L4) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.09, compared to a current price of €7.36 — trading 19% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.04, which is 48% below median its 10-year median of 5.87 and 47.3% below the REITs industry median of 5.77. Gladstone Land's overall GF Score™ is 68/100 with 5 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 Gladstone Land (STU:3L4), the current Cyclically Adjusted PS Ratio is 3.04 as of Aug. 20, 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 Gladstone Land (STU:3L4) Overvalued in 2026?

Based on GuruFocus' analysis, Gladstone Land stock appears to be undervalued. The current stock price of €7.36 is trading 19% below its estimated GF Value™ of €9.09. GuruFocus considers Gladstone Land to be Modestly Undervalued.

Key valuation signals for STU:3L4:

  • Cyclically Adjusted PS Ratio: 3.04 (48% below median its 10-year median of 5.87)
  • GF Value™: €9.09 vs. price of €7.36 (19% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 47.3% below the REITs median (#134 of 541)

No single metric tells the full story. See the STU:3L4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gladstone Land Business Description

Industry Real EstateREITs
Other Exchanges LANDO.PFD:USALAND:USA
Address 1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment: Real Estate Rental Operations. It is focused on the ownership of farms and farm-related properties that are leased on a triple-net basis to tenants with a good operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce or annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also owns farms that grow certain commodity crops (e.g., corn and beans).
68GF Score

Get the complete analysis for STU:3L4

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

€7.36
Price
€9.09
GF Value