Hulic Reit (TSE:3295) Cyclically Adjusted PS Ratio: 9.51 (As of Aug. 02, 2026) — Near Median

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TSE:3295 Hulic Reit Inc TSE:3295
58 GF Score
Price 円157,500.00
GF Value 円166,944.20
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hulic Reit Cyclically Adjusted PS Ratio?

Hulic Reit TSE:3295 -2.60% 58 Cyclically Adjusted PS Ratio is 9.51 as of Aug. 02, 2026, which is 3% below its 10-year median of 9.82. GuruFocus rates TSE:3295 with a GF Score™ of 58/100 and a GF Value™ of 円166,944.20 (Fairly Valued). The stock has 5 warning signs investors should review. Among 546 REITs companies, Hulic Reit ranks worse than 80.59% on this metric.

As of today (2026-08-02), Hulic Reit's current share price is 円157500.00. Hulic Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Aug25 was 円16,559.49. Hulic Reit's Cyclically Adjusted PS Ratio for today is 9.51.

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

TSE:3295' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.35   Med: 9.82   Max: 10.91
Current: 9.75

During the past 12 years, Hulic Reit's highest Cyclically Adjusted PS Ratio was 10.91. The lowest was 8.35. And the median was 9.82.

TSE:3295's Cyclically Adjusted PS Ratio is ranked worse than
80.59% of 546 companies
in the REITs industry
Industry Median: 5.865 vs TSE:3295: 9.75

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.

Hulic Reit's adjusted revenue per share data of for the fiscal year that ended in Aug25 was 円17,752.967. 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16,559.49 for the trailing ten years ended in Aug25.

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 0.00 0.00 10.69 9.01 10.02

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 0.00 9.01 0.00 10.02 0.00

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
58GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=157500.00/16559.49
=9.51

* 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'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)
=17752.967/112.1000*112.1000
=17,752.967

Current CPI (Aug25) = 112.1000.

Hulic Reit Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201608 12,450.251 97.900 14,256.110
201708 13,292.797 98.500 15,128.148
201808 14,817.996 99.800 16,644.262
201908 14,736.440 100.000 16,519.549
202008 15,469.129 100.100 17,323.570
202108 16,322.241 99.700 18,352.289
202208 15,784.509 102.700 17,229.245
202308 15,209.316 105.900 16,099.758
202408 15,853.113 109.100 16,289.037
202508 17,752.967 112.100 17,752.967

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 9.51 mean?
Hulic Reit (TSE:3295) has a Cyclically Adjusted PS Ratio of 9.51 as of Aug. 02, 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 Hulic Reit and its competitors. This is near median its historical median of 9.82. Over the past decade, Hulic Reit's Cyclically Adjusted PS Ratio has ranged from 8.35 to 10.91. According to the industry distribution chart, Hulic Reit ranks #440 out of 546 companies in the REITs industry, placing it in the top 80.6%.
Is Hulic Reit's Cyclically Adjusted PS Ratio too high?
Hulic Reit's current Cyclically Adjusted PS Ratio of 9.51 is near median its 10-year median of 9.82. Over the past 10 years, this metric has ranged from a low of 8.35 to a high of 10.91. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. Hulic Reit's value of 9.51 is 62.1% above this industry median. Based on the distribution chart, Hulic Reit ranks #440 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hulic Reit has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hulic Reit's Cyclically Adjusted PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Hulic Reit ranks #440 out of 546 companies for Cyclically Adjusted PS Ratio. This places Hulic Reit in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.87. Hulic Reit's value of 9.51 is 62.1% above this benchmark. Historically, Hulic Reit's own Cyclically Adjusted PS Ratio has ranged from 8.35 to 10.91 over the past decade. While the company's 10-year median is 9.82 vs. the industry median of 5.87, Hulic 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 5.87, based on 546 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. Hulic Reit's current Cyclically Adjusted PS Ratio of 9.51 is 62.1% 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 Hulic Reit and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hulic Reit's current Cyclically Adjusted PS Ratio is 9.51, which is near median its own 10-year median of 9.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulic Reit stock overvalued right now?
Based on GuruFocus' analysis, Hulic Reit (TSE:3295) is currently considered Fairly Valued. The stock's GF Value™ is 円166,944.20, compared to a current price of 円157,500.00 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.51, which is near median its 10-year median of 9.82 and 62.1% above the REITs industry median of 5.87. Hulic Reit's overall GF Score™ is 58/100 with 5 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 Hulic Reit (TSE:3295), the current Cyclically Adjusted PS Ratio is 9.51 as of Aug. 02, 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 Hulic Reit (TSE:3295) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Reit stock appears to be undervalued. The current stock price of 円157,500.00 is trading 5.7% below its estimated GF Value™ of 円166,944.20. GuruFocus considers Hulic Reit to be Fairly Valued.

Key valuation signals for TSE:3295:

  • Cyclically Adjusted PS Ratio: 9.51 (near median its 10-year median of 9.82)
  • GF Value™: 円166,944.20 vs. price of 円157,500.00 (5.7% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 62.1% above the REITs median (#440 of 546)

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.
58GF 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157,500.00
Price
円166,944.20
GF Value