Hoshino Resorts REIT (TSE:3287) Cyclically Adjusted PS Ratio: 8.61 (As of Sep. 04, 2026) — 15% Below Median

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TSE:3287 Hoshino Resorts REIT Inc TSE:3287
73 GF Score
Price 円240,500.00
GF Value 円289,936.59
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Hoshino Resorts REIT Cyclically Adjusted PS Ratio?

Hoshino Resorts REIT TSE:3287 +0.17% 73 Cyclically Adjusted PS Ratio is 8.61 as of Sep. 04, 2026, which is 15% below its 10-year median of 10.09. GuruFocus rates TSE:3287 with a GF Score™ of 73/100 and a GF Value™ of 円289,936.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 540 REITs companies, Hoshino Resorts REIT ranks worse than 75.56% on this metric.

As of today (2026-09-04), Hoshino Resorts REIT's current share price is 円240500.00. Hoshino Resorts REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 was 円27,947.42. Hoshino Resorts REIT's Cyclically Adjusted PS Ratio for today is 8.61.

The historical rank and industry rank for Hoshino Resorts REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:3287' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.49   Med: 10.09   Max: 15.29
Current: 8.72

During the past 13 years, Hoshino Resorts REIT's highest Cyclically Adjusted PS Ratio was 15.29. The lowest was 7.49. And the median was 10.09.

TSE:3287's Cyclically Adjusted PS Ratio is ranked worse than
75.56% of 540 companies
in the REITs industry
Industry Median: 5.67 vs TSE:3287: 8.72

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.

Hoshino Resorts REIT's adjusted revenue per share data of for the fiscal year that ended in Oct25 was 円29,528.257. 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27,947.42 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoshino Resorts REIT  (TSE:3287) 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.


Hoshino Resorts REIT Cyclically Adjusted PS Ratio Related Terms


Hoshino Resorts REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hoshino Resorts REIT'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.

Hoshino Resorts REIT Cyclically Adjusted PS Ratio Chart

Hoshino Resorts REIT Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 14.43 11.77 8.77 9.21

Hoshino Resorts REIT Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 8.77 0.00 9.21 0.00

TSE:3287 vs HST, RHP, APLE: Cyclically Adjusted PS Ratio Comparison

For the REIT - Hotel & Motel subindustry, Hoshino Resorts REIT'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.


Hoshino Resorts REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

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


TSE:3287
73GF Score
Hoshino Resorts REIT Inc TSE:3287
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoshino Resorts REIT 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.

Hoshino Resorts REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=240500.00/27947.42
=8.61

* 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.

Hoshino Resorts REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Hoshino Resorts REIT's adjusted Revenue per Share data for the fiscal year that ended in Oct25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=29528.257/112.8000*112.8000
=29,528.257

Current CPI (Oct25) = 112.8000.

Hoshino Resorts REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201610 23,641.339 98.600 27,046.075
201710 27,105.375 98.800 30,946.218
201810 26,135.157 100.200 29,421.614
201910 27,052.020 100.400 30,393.106
202010 27,431.894 99.800 31,005.187
202110 21,147.762 99.900 23,878.554
202210 22,154.530 103.700 24,098.659
202310 24,857.548 107.100 26,180.499
202410 26,186.884 109.500 26,976.078
202510 29,528.257 112.800 29,528.257

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 8.61 mean?
Hoshino Resorts REIT (TSE:3287) has a Cyclically Adjusted PS Ratio of 8.61 as of Sep. 04, 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 Hoshino Resorts REIT and its competitors. This is 15% below median its historical median of 10.09. Over the past decade, Hoshino Resorts REIT's Cyclically Adjusted PS Ratio has ranged from 7.49 to 15.29. According to the industry distribution chart, Hoshino Resorts REIT ranks #408 out of 540 companies in the REITs industry, placing it in the top 75.6%.
Is Hoshino Resorts REIT's Cyclically Adjusted PS Ratio too high?
Hoshino Resorts REIT's current Cyclically Adjusted PS Ratio of 8.61 is 15% below median its 10-year median of 10.09. Over the past 10 years, this metric has ranged from a low of 7.49 to a high of 15.29. The REITs industry median Cyclically Adjusted PS Ratio is 5.67. Hoshino Resorts REIT's value of 8.61 is 51.9% above this industry median. Based on the distribution chart, Hoshino Resorts REIT ranks #408 out of 540 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hoshino Resorts REIT has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshino Resorts REIT's Cyclically Adjusted PS Ratio compare to HST and RHP?
According to the REITs industry distribution chart, Hoshino Resorts REIT ranks #408 out of 540 companies for Cyclically Adjusted PS Ratio. This places Hoshino Resorts REIT in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.67. Hoshino Resorts REIT's value of 8.61 is 51.9% above this benchmark. Historically, Hoshino Resorts REIT's own Cyclically Adjusted PS Ratio has ranged from 7.49 to 15.29 over the past decade. While the company's 10-year median is 10.09 vs. the industry median of 5.67, Hoshino Resorts REIT 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 5.67, based on 540 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. Hoshino Resorts REIT's current Cyclically Adjusted PS Ratio of 8.61 is 51.9% 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 Hoshino Resorts REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoshino Resorts REIT's current Cyclically Adjusted PS Ratio is 8.61, which is 15% below median its own 10-year median of 10.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshino Resorts REIT stock overvalued right now?
Based on GuruFocus' analysis, Hoshino Resorts REIT (TSE:3287) is currently considered Modestly Undervalued. The stock's GF Value™ is 円289,936.59, compared to a current price of 円240,500.00 — trading 17.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.61, which is 15% below median its 10-year median of 10.09 and 51.9% above the REITs industry median of 5.67. Hoshino Resorts REIT's overall GF Score™ is 73/100 with 6 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 Hoshino Resorts REIT (TSE:3287), the current Cyclically Adjusted PS Ratio is 8.61 as of Sep. 04, 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 Hoshino Resorts REIT (TSE:3287) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshino Resorts REIT stock appears to be undervalued. The current stock price of 円240,500.00 is trading 17.1% below its estimated GF Value™ of 円289,936.59. GuruFocus considers Hoshino Resorts REIT to be Modestly Undervalued.

Key valuation signals for TSE:3287:

  • Cyclically Adjusted PS Ratio: 8.61 (15% below median its 10-year median of 10.09)
  • GF Value™: 円289,936.59 vs. price of 円240,500.00 (17.1% below fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 51.9% above the REITs median (#408 of 540)

No single metric tells the full story. See the TSE:3287 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoshino Resorts REIT Business Description

Industry Real EstateREITs
Address 2148 Nagakura, Kitasaku-gun, Karuizawa-machi, Nagano Prefecture, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.
73GF Score

Get the complete analysis for TSE:3287

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

円240,500.00
Price
円289,936.59
GF Value