Hulic Reit (TSE:3295) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

TSE:3295 Hulic Reit Inc TSE:3295
57 GF Score
Price 円147,200.00
GF Value 円166,270.09
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Hulic Reit Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulic Reit  (TSE:3295) 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.


Hulic Reit Cyclically Adjusted PS Ratio Related Terms


Hulic Reit Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hulic 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.

Hulic Reit Cyclically Adjusted PS Ratio Chart

Hulic Reit Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 8.52 6.63 7.21

Hulic Reit Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 7.13 6.57 6.71 7.15 7.25

TSE:3295 vs BXP, ARE, VNO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, Hulic 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.


Hulic Reit Cyclically Adjusted PS Ratio vs REITs Industry

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

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


TSE:3295
57GF Score
Hulic Reit Inc TSE:3295
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hulic 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.

Hulic Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Aug25 is calculated as:

For example, Hulic Reit's adjusted Revenue per Share data for the fiscal year that ended in Aug25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=24318.071/112.1000*112.1000
=24,318.071

Current CPI (Aug25) = 112.1000.

Hulic Reit Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201608 12,400.040 97.900 14,198.616
201708 13,293.046 98.500 15,128.431
201808 25,710.034 99.800 28,878.706
201908 15,869.153 100.000 17,789.321
202008 18,734.732 100.100 20,980.654
202108 29,032.721 99.700 32,643.611
202208 20,428.089 102.700 22,297.846
202308 25,815.044 105.900 27,326.406
202408 25,725.594 109.100 26,432.989
202508 24,318.071 112.100 24,318.071

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 Hulic Reit (TSE:3295) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Reit stock appears to be undervalued. The current stock price of 円147,200.00 is trading 11.5% below its estimated GF Value™ of 円166,270.09. GuruFocus considers Hulic Reit to be Modestly Undervalued.

Key valuation signals for TSE:3295:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円166,270.09 vs. price of 円147,200.00 (11.5% below fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the TSE:3295 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hulic Reit Business Description

Industry Real EstateREITs
Address 2-3-11 Kanda Surugadai, Chiyoda-ku, Tokyo, JPN
Hulic Reit Inc is engaged in the real estate lease business. The company focuses its investments on the Tokyo commercial property market. The company aims to achieve sustainable growth in assets and stable earnings from mid- to long-term perspectives. The company invests mainly in commercial properties and next-generation assets such as private nursing homes, network centers, and hotels.
57GF Score

Get the complete analysis for TSE:3295

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

円147,200.00
Price
円166,270.09
GF Value