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Heiwa Real Estate REITTSE:8966 -0.46%71 Cyclically Adjusted PS Ratio is 8.73 as of Aug. 08, 2026, which is 15% below its 10-year median of 10.30. GuruFocus rates TSE:8966 with a GF Score™ of 71/100 and a GF Value™ of 円156,882.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 545 REITs companies, Heiwa Real Estate REIT ranks worse than 75.41% on this metric.
The historical rank and industry rank for Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:8966'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.4 Med: 10.3 Max: 14.22
Current: 8.97
During the past 13 years, Heiwa Real Estate REIT's highest Cyclically Adjusted PS Ratio was 14.22. The lowest was 5.40. And the median was 10.30.
TSE:8966's Cyclically Adjusted PS Ratio is ranked worse than 75.41% of 545
companies
in the REITs industry
Industry Median: 5.85
vs TSE:8966: 8.97
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.
Heiwa Real Estate REIT's adjusted revenue per share data of for the fiscal year that ended in Nov25 was 円16,660.648. 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14,965.56 for the trailing ten years ended in Nov25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Heiwa Real Estate REIT (TSE:8966) 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.
Heiwa Real Estate REIT Cyclically Adjusted PS Ratio Related Terms
Heiwa Real Estate REIT Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Heiwa Real Estate 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.
Heiwa Real Estate REIT Cyclically Adjusted PS Ratio Chart
TSE:8966 vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison
For the REIT - Diversified subindustry, Heiwa Real Estate 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.
Heiwa Real Estate REIT Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio falls into.
Heiwa Real Estate 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.
* 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.
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 8.73 mean?
Heiwa Real Estate REIT (TSE:8966) has a Cyclically Adjusted PS Ratio of 8.73 as of Aug. 08, 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 Heiwa Real Estate REIT and its competitors. This is 15% below median its historical median of 10.30. Over the past decade, Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio has ranged from 5.40 to 14.22. According to the industry distribution chart, Heiwa Real Estate REIT ranks #411 out of 545 companies in the REITs industry, placing it in the top 75.4%.
Is Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio too high?
Heiwa Real Estate REIT's current Cyclically Adjusted PS Ratio of 8.73 is 15% below median its 10-year median of 10.30. Over the past 10 years, this metric has ranged from a low of 5.40 to a high of 14.22. The REITs industry median Cyclically Adjusted PS Ratio is 5.85. Heiwa Real Estate REIT's value of 8.73 is 49.2% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #411 out of 545 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Heiwa Real Estate REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #411 out of 545 companies for Cyclically Adjusted PS Ratio. This places Heiwa Real Estate REIT in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.85. Heiwa Real Estate REIT's value of 8.73 is 49.2% above this benchmark. Historically, Heiwa Real Estate REIT's own Cyclically Adjusted PS Ratio has ranged from 5.40 to 14.22 over the past decade. While the company's 10-year median is 10.30 vs. the industry median of 5.85, Heiwa Real Estate 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 5.85, based on 545 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. Heiwa Real Estate REIT's current Cyclically Adjusted PS Ratio of 8.73 is 49.2% 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 Heiwa Real Estate REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current Cyclically Adjusted PS Ratio is 8.73, which is 15% below median its own 10-year median of 10.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円156,882.61, compared to a current price of 円130,700.00 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.73, which is 15% below median its 10-year median of 10.30 and 49.2% above the REITs industry median of 5.85. Heiwa Real Estate REIT's overall GF Score™ is 71/100 with 4 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 Heiwa Real Estate REIT (TSE:8966), the current Cyclically Adjusted PS Ratio is 8.73 as of Aug. 08, 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued.
The current stock price of 円130,700.00 is trading 16.7% below its estimated GF Value™ of 円156,882.61.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
Cyclically Adjusted PS Ratio: 8.73 (15% below median its 10-year median of 10.30)
GF Value™: 円156,882.61 vs. price of 円130,700.00 (16.7% below fair value)
Industry Position: 49.2% above the REITs median (#411 of 545)
No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
71GF Score
Get the complete analysis for TSE:8966
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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