Mitsui Fudosan Retail Fund Investment (TSE:8964) Cyclically Adjusted PS Ratio: 8.90 (As of Aug. 03, 2026) — 18% Below Median

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TSE:8964 Mitsui Fudosan Retail Fund Investment Corp TSE:8964
60 GF Score
Price 円82,000.00
GF Value 円90,308.07
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Mitsui Fudosan Retail Fund Investment Cyclically Adjusted PS Ratio?

Mitsui Fudosan Retail Fund Investment TSE:8964 -3.19% 60 Cyclically Adjusted PS Ratio is 8.90 as of Aug. 03, 2026, which is 18% below its 10-year median of 10.86. GuruFocus rates TSE:8964 with a GF Score™ of 60/100 and a GF Value™ of 円90,308.07 (Fairly Valued). The stock has 5 warning signs investors should review. Among 546 REITs companies, Mitsui Fudosan Retail Fund Investment ranks worse than 74.54% on this metric.

As of today (2026-08-03), Mitsui Fudosan Retail Fund Investment's current share price is 円82000.00. Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was 円9,216.27. Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio for today is 8.90.

The historical rank and industry rank for Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:8964' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.87   Med: 10.86   Max: 13.38
Current: 8.9

During the past 13 years, Mitsui Fudosan Retail Fund Investment's highest Cyclically Adjusted PS Ratio was 13.38. The lowest was 5.87. And the median was 10.86.

TSE:8964's Cyclically Adjusted PS Ratio is ranked worse than
74.54% of 546 companies
in the REITs industry
Industry Median: 5.865 vs TSE:8964: 8.90

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.

Mitsui Fudosan Retail Fund Investment's adjusted revenue per share data of for the fiscal year that ended in Dec25 was 円8,807.211. 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9,216.27 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsui Fudosan Retail Fund Investment  (TSE:8964) 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.


Mitsui Fudosan Retail Fund Investment Cyclically Adjusted PS Ratio Related Terms


Mitsui Fudosan Retail Fund Investment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mitsui Fudosan Retail Fund 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.

Mitsui Fudosan Retail Fund Investment Cyclically Adjusted PS Ratio Chart

Mitsui Fudosan Retail Fund Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.86 11.85 9.84 8.57 10.09

Mitsui Fudosan Retail Fund Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 9.84 0.00 8.57 0.00 10.09

TSE:8964 vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Mitsui Fudosan Retail Fund 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.


Mitsui Fudosan Retail Fund Investment Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio falls into.


TSE:8964
60GF Score
Mitsui Fudosan Retail Fund Investment Corp TSE:8964
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsui Fudosan Retail Fund 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.

Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=82000.00/9216.27
=8.90

* 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.

Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Mitsui Fudosan Retail Fund Investment's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=8807.211/113.0000*113.0000
=8,807.211

Current CPI (Dec25) = 113.0000.

Mitsui Fudosan Retail Fund Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 8,094.506 98.400 9,295.520
201712 8,123.764 99.400 9,235.265
201812 8,302.235 99.700 9,409.755
201912 8,113.407 100.500 9,122.537
202012 8,360.754 99.300 9,514.252
202112 8,427.913 100.100 9,514.028
202212 8,486.231 104.100 9,211.759
202312 8,341.439 106.800 8,825.680
202412 9,038.912 110.700 9,226.712
202512 8,807.211 113.000 8,807.211

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 8.90 mean?
Mitsui Fudosan Retail Fund Investment (TSE:8964) has a Cyclically Adjusted PS Ratio of 8.90 as of Aug. 03, 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 Mitsui Fudosan Retail Fund Investment and its competitors. This is 18% below median its historical median of 10.86. Over the past decade, Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio has ranged from 5.87 to 13.38. According to the industry distribution chart, Mitsui Fudosan Retail Fund Investment ranks #407 out of 546 companies in the REITs industry, placing it in the top 74.5%.
Is Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio too high?
Mitsui Fudosan Retail Fund Investment's current Cyclically Adjusted PS Ratio of 8.90 is 18% below median its 10-year median of 10.86. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 13.38. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. Mitsui Fudosan Retail Fund Investment's value of 8.90 is 51.7% above this industry median. Based on the distribution chart, Mitsui Fudosan Retail Fund Investment ranks #407 out of 546 companies in the REITs industry, which is below the industry midpoint. Overall, Mitsui Fudosan Retail Fund Investment has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui Fudosan Retail Fund Investment's Cyclically Adjusted PS Ratio compare to SPG and O?
According to the REITs industry distribution chart, Mitsui Fudosan Retail Fund Investment ranks #407 out of 546 companies for Cyclically Adjusted PS Ratio. This places Mitsui Fudosan Retail Fund Investment in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.87. Mitsui Fudosan Retail Fund Investment's value of 8.90 is 51.7% above this benchmark. Historically, Mitsui Fudosan Retail Fund Investment's own Cyclically Adjusted PS Ratio has ranged from 5.87 to 13.38 over the past decade. While the company's 10-year median is 10.86 vs. the industry median of 5.87, Mitsui Fudosan Retail Fund 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 5.87, 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. Mitsui Fudosan Retail Fund Investment's current Cyclically Adjusted PS Ratio of 8.90 is 51.7% 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 Mitsui Fudosan Retail Fund Investment 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. Mitsui Fudosan Retail Fund Investment's current Cyclically Adjusted PS Ratio is 8.90, which is 18% below median its own 10-year median of 10.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui Fudosan Retail Fund Investment stock overvalued right now?
Based on GuruFocus' analysis, Mitsui Fudosan Retail Fund Investment (TSE:8964) is currently considered Fairly Valued. The stock's GF Value™ is 円90,308.07, compared to a current price of 円82,000.00 — trading 9.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.90, which is 18% below median its 10-year median of 10.86 and 51.7% above the REITs industry median of 5.87. Mitsui Fudosan Retail Fund Investment's overall GF Score™ is 60/100 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 Mitsui Fudosan Retail Fund Investment (TSE:8964), the current Cyclically Adjusted PS Ratio is 8.90 as of Aug. 03, 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 Mitsui Fudosan Retail Fund Investment (TSE:8964) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui Fudosan Retail Fund Investment stock appears to be undervalued. The current stock price of 円82,000.00 is trading 9.2% below its estimated GF Value™ of 円90,308.07. GuruFocus considers Mitsui Fudosan Retail Fund Investment to be Fairly Valued.

Key valuation signals for TSE:8964:

  • Cyclically Adjusted PS Ratio: 8.90 (18% below median its 10-year median of 10.86)
  • GF Value™: 円90,308.07 vs. price of 円82,000.00 (9.2% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 51.7% above the REITs median (#407 of 546)

No single metric tells the full story. See the TSE:8964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui Fudosan Retail Fund Investment Business Description

Industry Real EstateREITs
Address Kojun Building, 6th Floor, 6-8-7 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Frontier Real Estate Investment Corp is a real estate investment trust specializing in retail facilities. The company mainly invests in commercial buildings in the metropolitan area and local cities. The company aims at stable earnings and steady asset growth from midterm to long-term perspectives. Its property portfolio consists of AEON Shinagawa Seaside Shopping Center, AEON MALL Ibaraki, Papillon Plaza, Kamiikedai Tokyu Store, and Belltown Tambaguchi Eki-mae Store, among others.
60GF Score

Get the complete analysis for TSE:8964

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

円82,000.00
Price
円90,308.07
GF Value