Mori Hills Reit Investment (TSE:3234) Cyclically Adjusted PS Ratio: 11.09 (As of Aug. 08, 2026) — 24% Below Median

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TSE:3234 Mori Hills Reit Investment Corp TSE:3234
60 GF Score
Price 円127,100.00
GF Value 円142,813.17
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Mori Hills Reit Investment Cyclically Adjusted PS Ratio?

Mori Hills Reit Investment TSE:3234 +0.16% 60 Cyclically Adjusted PS Ratio is 11.09 as of Aug. 08, 2026, which is 24% below its 10-year median of 14.58. GuruFocus rates TSE:3234 with a GF Score™ of 60/100 and a GF Value™ of 円142,813.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 545 REITs companies, Mori Hills Reit Investment ranks worse than 87.16% on this metric.

As of today (2026-08-08), Mori Hills Reit Investment's current share price is 円127100.00. Mori Hills Reit Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul25 was 円11,459.23. Mori Hills Reit Investment's Cyclically Adjusted PS Ratio for today is 11.09.

The historical rank and industry rank for Mori Hills Reit Investment's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:3234' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.3   Med: 14.58   Max: 20.27
Current: 11.52

During the past 13 years, Mori Hills Reit Investment's highest Cyclically Adjusted PS Ratio was 20.27. The lowest was 9.30. And the median was 14.58.

TSE:3234's Cyclically Adjusted PS Ratio is ranked worse than
87.16% of 545 companies
in the REITs industry
Industry Median: 5.85 vs TSE:3234: 11.52

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.

Mori Hills Reit Investment's adjusted revenue per share data of for the fiscal year that ended in Jul25 was 円11,830.275. 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 円11,459.23 for the trailing ten years ended in Jul25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mori Hills Reit Investment  (TSE:3234) 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.


Mori Hills Reit Investment Cyclically Adjusted PS Ratio Related Terms


Mori Hills Reit Investment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mori Hills Reit Investment'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.

Mori Hills Reit Investment Cyclically Adjusted PS Ratio Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.28 15.67 13.97 11.81 11.92

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.00 11.81 0.00 11.92 0.00

TSE:3234 vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.


Mori Hills Reit Investment Cyclically Adjusted PS Ratio vs REITs Industry

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

* The bar in red indicates where Mori Hills Reit Investment's Cyclically Adjusted PS Ratio falls into.


TSE:3234
60GF Score
Mori Hills Reit Investment Corp TSE:3234
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Hills Reit Investment 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.

Mori Hills Reit Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=127100.00/11459.23
=11.09

* 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.

Mori Hills Reit Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul25 is calculated as:

For example, Mori Hills Reit Investment's adjusted Revenue per Share data for the fiscal year that ended in Jul25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul25 (Change)*Current CPI (Jul25)
=11830.275/111.9000*111.9000
=11,830.275

Current CPI (Jul25) = 111.9000.

Mori Hills Reit Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201607 8,740.366 97.900 9,990.265
201707 9,560.666 98.300 10,883.403
201807 9,849.732 99.200 11,110.736
201907 10,125.744 99.800 11,353.414
202007 10,257.982 100.000 11,478.682
202107 10,278.027 99.700 11,535.719
202207 10,969.646 102.300 11,999.056
202307 11,704.546 105.700 12,391.095
202407 11,665.185 108.600 12,019.652
202507 11,830.275 111.900 11,830.275

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 11.09 mean?
Mori Hills Reit Investment (TSE:3234) has a Cyclically Adjusted PS Ratio of 11.09 as of Aug. 08, 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 Mori Hills Reit Investment and its competitors. This is 24% below median its historical median of 14.58. Over the past decade, Mori Hills Reit Investment's Cyclically Adjusted PS Ratio has ranged from 9.30 to 20.27. According to the industry distribution chart, Mori Hills Reit Investment ranks #475 out of 545 companies in the REITs industry, placing it in the top 87.2%.
Is Mori Hills Reit Investment's Cyclically Adjusted PS Ratio too high?
Mori Hills Reit Investment's current Cyclically Adjusted PS Ratio of 11.09 is 24% below median its 10-year median of 14.58. Over the past 10 years, this metric has ranged from a low of 9.30 to a high of 20.27. The REITs industry median Cyclically Adjusted PS Ratio is 5.85. Mori Hills Reit Investment's value of 11.09 is 89.6% above this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #475 out of 545 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Mori Hills Reit Investment has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #475 out of 545 companies for Cyclically Adjusted PS Ratio. This places Mori Hills Reit Investment in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.85. Mori Hills Reit Investment's value of 11.09 is 89.6% above this benchmark. Historically, Mori Hills Reit Investment's own Cyclically Adjusted PS Ratio has ranged from 9.30 to 20.27 over the past decade. While the company's 10-year median is 14.58 vs. the industry median of 5.85, Mori Hills Reit Investment has consistently been above 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 5.85, based on 545 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. Mori Hills Reit Investment's current Cyclically Adjusted PS Ratio of 11.09 is 89.6% above 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 Mori Hills Reit Investment and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Hills Reit Investment's current Cyclically Adjusted PS Ratio is 11.09, which is 24% below median its own 10-year median of 14.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Modestly Undervalued. The stock's GF Value™ is 円142,813.17, compared to a current price of 円127,100.00 — trading 11% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.09, which is 24% below median its 10-year median of 14.58 and 89.6% above the REITs industry median of 5.85. Mori Hills Reit Investment's overall GF Score™ is 60/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Cyclically Adjusted PS Ratio is 11.09 as of Aug. 08, 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円127,100.00 is trading 11% below its estimated GF Value™ of 円142,813.17. GuruFocus considers Mori Hills Reit Investment to be Modestly Undervalued.

Key valuation signals for TSE:3234:

  • Cyclically Adjusted PS Ratio: 11.09 (24% below median its 10-year median of 14.58)
  • GF Value™: 円142,813.17 vs. price of 円127,100.00 (11% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 89.6% above the REITs median (#475 of 545)

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
60GF Score

Get the complete analysis for TSE:3234

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

円127,100.00
Price
円142,813.17
GF Value