Apartment Investment & Management Co (STU:AIV) 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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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:AIV Apartment Investment & Management Co STU:AIV
49 GF Score
Price €1.90
GF Value €3.02
! 5 Warning Signs
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What is Apartment Investment & Management Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Apartment Investment & Management Co  (STU:AIV) 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.


Apartment Investment & Management Co Cyclically Adjusted PS Ratio Related Terms


Apartment Investment & Management Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Apartment Investment & Management Co'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.

Apartment Investment & Management Co Cyclically Adjusted PS Ratio Chart

Apartment Investment & Management Co 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 - 1.19 1.36 1.80 1.40

Apartment Investment & Management Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only 1.47 1.55 1.43 1.36 1.09

STU:AIV vs BRT, FREVS, ELME: Cyclically Adjusted PS Ratio Comparison

For the REIT - Residential subindustry, Apartment Investment & Management Co'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.


Apartment Investment & Management Co Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's Cyclically Adjusted PS Ratio falls into.


STU:AIV
49GF Score
Apartment Investment & Management Co STU:AIV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Apartment Investment & Management Co 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.

Apartment Investment & Management Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Apartment Investment & Management Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.208/324.0540*324.0540
=0.208

Current CPI (Dec. 2025) = 324.0540.

Apartment Investment & Management Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.835 236.525 2.514
201603 1.827 238.132 2.486
201606 1.811 241.018 2.435
201609 1.824 241.428 2.448
201612 1.883 241.432 2.527
201703 1.884 243.801 2.504
201706 1.823 244.955 2.412
201709 1.766 246.819 2.319
201712 1.769 246.524 2.325
201803 1.642 249.554 2.132
201806 1.710 251.989 2.199
201809 1.699 252.439 2.181
201812 1.692 251.233 2.182
201903 1.738 254.202 2.216
201906 1.663 256.143 2.104
201909 1.722 256.759 2.173
201912 1.730 256.974 2.182
202003 0.290 258.115 0.364
202006 0.281 257.797 0.353
202009 0.266 260.280 0.331
202103 0.222 264.877 0.272
202106 0.225 271.696 0.268
202109 0.243 274.310 0.287
202112 0.273 278.802 0.317
202203 0.296 287.504 0.334
202206 0.316 296.311 0.346
202209 0.290 296.808 0.317
202212 0.277 296.797 0.302
202303 0.283 301.836 0.304
202306 0.291 305.109 0.309
202309 0.306 307.789 0.322
202312 0.325 306.746 0.343
202403 0.329 312.332 0.341
202406 0.340 314.175 0.351
202409 0.235 315.301 0.242
202412 0.247 315.605 0.254
202503 0.363 319.799 0.368
202506 0.339 322.561 0.341
202509 0.216 324.800 0.216
202512 0.208 324.054 0.208

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 Apartment Investment & Management Co (STU:AIV) Overvalued in 2026?

Based on GuruFocus' analysis, Apartment Investment & Management Co stock appears to be undervalued. The current stock price of €1.90 is trading 37.1% below its estimated GF Value™ of €3.02.

Key valuation signals for STU:AIV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €3.02 vs. price of €1.90 (37.1% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Apartment Investment & Management Co Business Description

Industry Real EstateREITs
Other Exchanges AIV:USA
Address 4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237
Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development. Operating, and Other. The development segment consists of properties that are under construction or have not achieved stabilization, as well as land held for development. The operating segment includes residential apartments, communities with apartment homes that have achieved a stabilized level of operations. The other segment includes The Benson Hotel, the company's only hotel. The majority of revenue is gained from the Operating Segment.
49GF Score

Get the complete analysis for STU:AIV

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

€1.90
Price
€3.02
GF Value