Prologis (STU:POJN) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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:POJN Prologis Inc STU:POJN
89 GF Score
Price €118.55
GF Value €118.68
Valuation Fairly Valued
! 10 Warning Signs
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What is Prologis Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Prologis  (STU:POJN) 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.


Prologis Cyclically Adjusted PS Ratio Related Terms


Prologis Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Prologis'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.

Prologis Cyclically Adjusted PS Ratio Chart

Prologis 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 34.37 21.73 22.14 16.51 16.59

Prologis 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 13.64 14.76 16.45 16.80 17.08

STU:POJN vs PSA, EXR, EGP: Cyclically Adjusted PS Ratio Comparison

For the REIT - Industrial subindustry, Prologis'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.


Prologis Cyclically Adjusted PS Ratio vs REITs Industry

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

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


STU:POJN
89GF Score
Prologis Inc STU:POJN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Prologis 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.

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

For example, Prologis'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)
=2.178/333.9520*333.9520
=2.178

Current CPI (Jun. 2026) = 333.9520.

Prologis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.124 241.428 1.555
201612 1.018 241.432 1.408
201703 1.045 243.801 1.431
201706 1.228 244.955 1.674
201709 0.903 246.819 1.222
201712 0.925 246.524 1.253
201803 0.989 249.554 1.323
201806 0.913 251.989 1.210
201809 0.951 252.439 1.258
201812 1.050 251.233 1.396
201903 1.008 254.202 1.324
201906 1.043 256.143 1.360
201909 1.258 256.759 1.636
201912 1.107 256.974 1.439
202003 1.191 258.115 1.541
202006 1.460 257.797 1.891
202009 1.180 260.280 1.514
202012 1.187 260.474 1.522
202103 1.212 264.877 1.528
202106 1.215 271.696 1.493
202109 1.276 274.310 1.553
202112 1.460 278.802 1.749
202203 1.420 287.504 1.649
202206 1.492 296.311 1.682
202209 2.207 296.808 2.483
202212 1.815 296.797 2.042
202303 1.690 301.836 1.870
202306 2.310 305.109 2.528
202309 1.805 307.789 1.958
202312 1.845 306.746 2.009
202403 1.845 312.332 1.973
202406 1.957 314.175 2.080
202409 1.943 315.301 2.058
202412 2.162 315.605 2.288
202503 2.126 319.799 2.220
202506 2.016 322.561 2.087
202509 1.980 324.800 2.036
202512 2.020 324.054 2.082
202603 2.051 330.213 2.074
202606 2.178 333.952 2.178

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 Prologis (STU:POJN) Overvalued in 2026?

Based on GuruFocus' analysis, Prologis stock appears to be undervalued. The current stock price of €118.55 is trading 0.1% below its estimated GF Value™ of €118.68. GuruFocus considers Prologis to be Fairly Valued.

Key valuation signals for STU:POJN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €118.68 vs. price of €118.55 (0.1% below fair value)
  • GF Score™: 89/100 with 10 warning signs

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


Prologis Business Description

Industry Real EstateREITs
Address Pier 1, Bay 1, San Francisco, CA, USA, 94111
Prologis was formed by the 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.3 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party assets under management. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
89GF Score

Get the complete analysis for STU:POJN

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

€118.55
Price
€118.68
GF Value