Activia Properties (TSE:3279) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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.

TSE:3279 Activia Properties Inc TSE:3279
68 GF Score
Price 円130,000.00
GF Value 円133,687.50
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Activia Properties Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Activia Properties  (TSE:3279) 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.


Activia Properties Cyclically Adjusted PS Ratio Related Terms


Activia Properties Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Activia 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.

Activia Properties Cyclically Adjusted PS Ratio Chart

Activia Properties Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.63 10.24 9.25 7.04 9.14

Activia Properties Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 8.20 6.99 7.38 9.06 8.10

TSE:3279 vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Activia 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.


Activia Properties Cyclically Adjusted PS Ratio vs REITs Industry

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

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


TSE:3279
68GF Score
Activia Properties Inc TSE:3279
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Activia 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.

Activia Properties's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Activia Properties's adjusted Revenue per Share data for the fiscal year that ended in Nov25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=13642.863/113.2000*113.2000
=13,642.863

Current CPI (Nov25) = 113.2000.

Activia Properties Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201611 11,763.263 98.600 13,505.085
201711 12,441.067 99.100 14,211.189
201811 12,948.920 100.000 14,658.177
201911 14,531.114 100.500 16,367.384
202011 22,006.715 99.500 25,036.785
202111 12,300.957 100.100 13,910.773
202211 15,443.146 103.900 16,825.449
202311 14,345.502 106.900 15,190.934
202411 13,246.216 110.000 13,631.560
202511 13,642.863 113.200 13,642.863

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 Activia Properties (TSE:3279) Overvalued in 2026?

Based on GuruFocus' analysis, Activia Properties stock appears to be undervalued. The current stock price of 円130,000.00 is trading 2.8% below its estimated GF Value™ of 円133,687.50. GuruFocus considers Activia Properties to be Fairly Valued.

Key valuation signals for TSE:3279:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円133,687.50 vs. price of 円130,000.00 (2.8% below fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the TSE:3279 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Activia Properties Business Description

Industry Real EstateREITs
Other Exchanges 7ZY:Germany
Address 21-1 Dogenzaka 1-chome, Shibuya Solasta 18th Floor, Shibuya-ku, Tokyo, JPN, 150-0043
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. The majority of these properties are either urban retail units near train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.
68GF Score

Get the complete analysis for TSE:3279

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

円130,000.00
Price
円133,687.50
GF Value