Covivio (WBO:COVI) Cyclically Adjusted PS Ratio: (As of Sep. 05, 2026)

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WBO:COVI Covivio SA WBO:COVI
48 GF Score
Price €48.74
GF Value €44.28
Valuation Fairly Valued
! 8 Warning Signs
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What is Covivio Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Covivio  (WBO:COVI) 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.


Covivio Cyclically Adjusted PS Ratio Related Terms


Covivio Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Covivio'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.

Covivio Cyclically Adjusted PS Ratio Chart

Covivio 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 5.65 4.27 3.72 3.81 4.52

Covivio Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 3.81 0.00 4.52 0.00

WBO:COVI vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Covivio'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.


Covivio Cyclically Adjusted PS Ratio vs REITs Industry

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

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


WBO:COVI
48GF Score
Covivio SA WBO:COVI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Covivio 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.

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

For example, Covivio'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)
=12.526/120.9000*120.9000
=12.526

Current CPI (Dec25) = 120.9000.

Covivio Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 13.116 100.650 15.755
201712 12.509 101.850 14.849
201812 11.758 103.470 13.739
201912 11.080 104.980 12.760
202012 9.204 104.960 10.602
202112 9.126 107.850 10.230
202212 9.590 114.160 10.156
202312 12.578 118.390 12.845
202412 11.800 119.950 11.893
202512 12.526 120.900 12.526

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 Covivio (WBO:COVI) Overvalued in 2026?

Based on GuruFocus' analysis, Covivio stock appears to be overvalued. The current stock price of €48.74 is trading 10.1% above its estimated GF Value™ of €44.28. GuruFocus considers Covivio to be Fairly Valued.

Key valuation signals for WBO:COVI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €44.28 vs. price of €48.74 (10.1% above fair value)
  • GF Score™: 48/100 with 8 warning signs

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


Covivio Business Description

Industry Real EstateREITs
Address 18 Avenue Francois Mitterrand, Metz, FRA, 57000
Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.
48GF Score

Get the complete analysis for WBO:COVI

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

€48.74
Price
€44.28
GF Value