VARNF (Varia US Properties) Cyclically Adjusted PS Ratio: 1.97 (As of Jul. 13, 2026) — Near Median


VARNF Varia US Properties Ltd VARNF
41 GF Score
Price $24.25
GF Value $39.87
! 5 Warning Signs
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What is Varia US Properties Cyclically Adjusted PS Ratio?

Varia US Properties VARNF 41 Cyclically Adjusted PS Ratio is 1.97 as of Jul. 13, 2026, which is 3% above its 10-year median of 1.91. GuruFocus rates VARNF with a GF Score™ of 41/100 and a GF Value™ of $39.87. The stock has 5 warning signs investors should review. Among 1,360 Real Estate companies, Varia US Properties ranks better than 58.75% on this metric.

As of today (2026-07-13), Varia US Properties's current share price is $24.25. Varia US Properties's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $12.32. Varia US Properties's Cyclically Adjusted PS Ratio for today is 1.97.

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

VARNF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.91   Max: 2.2
Current: 1.35

During the past 10 years, Varia US Properties's highest Cyclically Adjusted PS Ratio was 2.20. The lowest was 1.35. And the median was 1.91.

VARNF's Cyclically Adjusted PS Ratio is ranked better than
58.75% of 1360 companies
in the Real Estate industry
Industry Median: 1.845 vs VARNF: 1.35

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.

Varia US Properties's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $9.710. 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 $12.32 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Varia US Properties  (OTCPK:VARNF) 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.


Varia US Properties Cyclically Adjusted PS Ratio Related Terms


Varia US Properties Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Varia US Properties'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.

Varia US Properties Cyclically Adjusted PS Ratio Chart

Varia US Properties 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 0.00 0.00 0.00 0.00 1.97

Varia US Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 1.97 0.00

VARNF vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Varia US Properties'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.


Varia US Properties Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Varia US Properties's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Varia US Properties's Cyclically Adjusted PS Ratio falls into.


VARNF
41GF Score
Varia US Properties Ltd VARNF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Varia US Properties 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.

Varia US Properties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.25/12.32
=1.97

* 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.

Varia US Properties's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Varia US Properties'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)
=9.71/107.2000*107.2000
=9.710

Current CPI (Dec25) = 107.2000.

Varia US Properties Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.000 99.380 0.000
201712 8.858 100.213 9.476
201812 8.537 100.906 9.069
201912 9.875 101.063 10.475
202012 10.818 100.241 11.569
202112 10.658 101.776 11.226
202212 12.497 104.666 12.800
202312 12.245 106.461 12.330
202412 10.721 107.128 10.728
202512 9.710 107.200 9.710

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 1.97 mean?
Varia US Properties (VARNF) has a Cyclically Adjusted PS Ratio of 1.97 as of Jul. 13, 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 Varia US Properties and its competitors. This is near median its historical median of 1.91. Over the past decade, Varia US Properties' Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.20. According to the industry distribution chart, Varia US Properties ranks #561 out of 1360 companies in the Real Estate industry, placing it in the top 41.2%.
Is Varia US Properties' Cyclically Adjusted PS Ratio too high?
Varia US Properties' current Cyclically Adjusted PS Ratio of 1.97 is near median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.20. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.85. Varia US Properties' value of 1.97 is 6.8% above this industry median. Based on the distribution chart, Varia US Properties ranks #561 out of 1360 companies in the Real Estate industry, which is above the industry midpoint. Overall, Varia US Properties has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Varia US Properties' Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Varia US Properties ranks #561 out of 1360 companies for Cyclically Adjusted PS Ratio. This puts Varia US Properties in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Varia US Properties' value of 1.97 is 6.8% above this benchmark. Historically, Varia US Properties' own Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.20 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 1.85, Varia US Properties 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.85, based on 1,360 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. Varia US Properties's current Cyclically Adjusted PS Ratio of 1.97 is 6.8% 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 Varia US Properties and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varia US Properties's current Cyclically Adjusted PS Ratio is 1.97, which is near median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varia US Properties stock overvalued right now?
Varia US Properties (VARNF) has a current Cyclically Adjusted PS Ratio of 1.97. The stock's GF Value™ is $39.87, compared to a current price of $24.25 — trading 39.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.97, which is near median its 10-year median of 1.91 and 6.8% above the Real Estate industry median of 1.85. Varia US Properties' overall GF Score™ is 41/100 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 Varia US Properties (VARNF), the current Cyclically Adjusted PS Ratio is 1.97 as of Jul. 13, 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 Varia US Properties (VARNF) Overvalued in 2026?

Based on GuruFocus' analysis, Varia US Properties stock appears to be undervalued. The current stock price of $24.25 is trading 39.2% below its estimated GF Value™ of $39.87.

Key valuation signals for VARNF:

  • Cyclically Adjusted PS Ratio: 1.97 (near median its 10-year median of 1.91)
  • GF Value™: $39.87 vs. price of $24.25 (39.2% below fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 6.8% above the Real Estate median (#561 of 1360)

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


Varia US Properties Business Description

Address Gubelstrasse 19, Zug, CHE, CH-6300
Varia US Properties Ltd is a Swiss-based company exclusively investing in the United States residential real estate market. It focuses on secondary and tertiary areas characterized by population, employment growth, and limited housing offering. It invests in low to moderate-income and workforce multifamily housing properties. The majority of revenue comes from Rental income.
41GF Score

Get the complete analysis for VARNF

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

$24.25
Price
$39.87
GF Value