LTC Properties (STU:LTP) 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.

STU:LTP LTC Properties Inc STU:LTP
79 GF Score
Price €37.02
GF Value €45.31
Valuation Modestly Undervalued
! 6 Warning Signs
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What is LTC Properties Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LTC Properties  (STU:LTP) 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.


LTC Properties Cyclically Adjusted PS Ratio Related Terms


LTC Properties Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LTC Properties'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.

LTC Properties Cyclically Adjusted PS Ratio Chart

LTC Properties 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 7.90 8.02 6.71 7.07 6.10

LTC Properties 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 6.12 6.39 6.07 6.48 6.68

STU:LTP vs MPT, DHC, NHP: Cyclically Adjusted PS Ratio Comparison

For the REIT - Healthcare Facilities subindustry, LTC Properties'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.


LTC Properties Cyclically Adjusted PS Ratio vs REITs Industry

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

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


STU:LTP
79GF Score
LTC Properties Inc STU:LTP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LTC Properties 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.

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

For example, LTC Properties'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)
=1.631/333.9520*333.9520
=1.631

Current CPI (Jun. 2026) = 333.9520.

LTC Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.939 241.428 1.299
201612 1.007 241.432 1.393
201703 1.021 243.801 1.399
201706 0.983 244.955 1.340
201709 0.897 246.819 1.214
201712 0.905 246.524 1.226
201803 0.852 249.554 1.140
201806 0.888 251.989 1.177
201809 0.913 252.439 1.208
201812 0.968 251.233 1.287
201903 1.048 254.202 1.377
201906 1.037 256.143 1.352
201909 1.063 256.759 1.383
201912 1.068 256.974 1.388
202003 1.068 258.115 1.382
202006 1.060 257.797 1.373
202009 0.958 260.280 1.229
202012 1.030 260.474 1.321
202103 0.872 264.877 1.099
202106 0.811 271.696 0.997
202109 0.815 274.310 0.992
202112 0.886 278.802 1.061
202203 0.933 287.504 1.084
202206 1.023 296.311 1.153
202209 1.073 296.808 1.207
202212 1.156 296.797 1.301
202303 1.125 301.836 1.245
202306 1.080 305.109 1.182
202309 1.104 307.789 1.198
202312 1.115 306.746 1.214
202403 1.105 312.332 1.181
202406 1.082 314.175 1.150
202409 1.148 315.301 1.216
202412 1.087 315.605 1.150
202503 1.029 319.799 1.075
202506 1.158 322.561 1.199
202509 1.312 324.800 1.349
202512 1.509 324.054 1.555
202603 1.668 330.213 1.687
202606 1.631 333.952 1.631

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 LTC Properties (STU:LTP) Overvalued in 2026?

Based on GuruFocus' analysis, LTC Properties stock appears to be undervalued. The current stock price of €37.02 is trading 18.3% below its estimated GF Value™ of €45.31. GuruFocus considers LTC Properties to be Modestly Undervalued.

Key valuation signals for STU:LTP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €45.31 vs. price of €37.02 (18.3% below fair value)
  • GF Score™: 79/100 with 6 warning signs

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


LTC Properties Business Description

Industry Real EstateREITs
Other Exchanges LTC:USA0JSP:UK
Address 3011 Townsgate Road, Suite 220, Westlake Village, CA, USA, 91361
LTC Properties Inc is a real estate investment trust. It invests in seniors housing and health care properties, mainly through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing, and structured finance solutions, including preferred equity, bridge, and mezzanine lending. The company's investment portfolio comprises several properties located throughout the USA, the majority of which are seniors housing and skilled nursing properties. The firm conducts and manages its business as two operating segments: Real Estate Investments, which generates maximum revenue, and SHOP.
79GF Score

Get the complete analysis for STU:LTP

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

€37.02
Price
€45.31
GF Value