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Bulgarian Real Estate Fund REITXBUL:BREF +2.33%73 Cyclically Adjusted PS Ratio is 9.74 as of Jul. 14, 2026, which is 27% below its 10-year median of 13.37. GuruFocus rates XBUL:BREF with a GF Score™ of 73/100 and a GF Value™ of €15.84 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 554 REITs companies, Bulgarian Real Estate Fund REIT ranks worse than 79.6% on this metric.
The historical rank and industry rank for Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:
XBUL:BREF'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.96 Med: 13.37 Max: 25.48
Current: 9.54
During the past years, Bulgarian Real Estate Fund REIT's highest Cyclically Adjusted PS Ratio was 25.48. The lowest was 8.96. And the median was 13.37.
XBUL:BREF's Cyclically Adjusted PS Ratio is ranked worse than 79.6% of 554
companies
in the REITs industry
Industry Median: 5.915
vs XBUL:BREF: 9.54
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.
Bulgarian Real Estate Fund REIT's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.051. 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 €0.27 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Bulgarian Real Estate Fund REIT (XBUL:BREF) 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.
Bulgarian Real Estate Fund REIT Cyclically Adjusted PS Ratio Related Terms
Bulgarian Real Estate Fund REIT Cyclically Adjusted PS Ratio Historical Data
* 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.
Bulgarian Real Estate Fund REIT Cyclically Adjusted PS Ratio Chart
XBUL:BREF vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.
Bulgarian Real Estate Fund REIT Cyclically Adjusted PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio falls into.
Bulgarian Real Estate Fund 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 9.74 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Cyclically Adjusted PS Ratio of 9.74 as of Jul. 14, 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 Bulgarian Real Estate Fund REIT and its competitors. This is 27% below median its historical median of 13.37. Over the past decade, Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio has ranged from 8.96 to 25.48. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #441 out of 554 companies in the REITs industry, placing it in the top 79.6%.
Is Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio too high?
Bulgarian Real Estate Fund REIT's current Cyclically Adjusted PS Ratio of 9.74 is 27% below median its 10-year median of 13.37. Over the past 10 years, this metric has ranged from a low of 8.96 to a high of 25.48. The REITs industry median Cyclically Adjusted PS Ratio is 5.92. Bulgarian Real Estate Fund REIT's value of 9.74 is 64.7% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #441 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #441 out of 554 companies for Cyclically Adjusted PS Ratio. This places Bulgarian Real Estate Fund REIT in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.92. Bulgarian Real Estate Fund REIT's value of 9.74 is 64.7% above this benchmark. Historically, Bulgarian Real Estate Fund REIT's own Cyclically Adjusted PS Ratio has ranged from 8.96 to 25.48 over the past decade. While the company's 10-year median is 13.37 vs. the industry median of 5.92, Bulgarian Real Estate Fund 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 5.92, based on 554 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. Bulgarian Real Estate Fund REIT's current Cyclically Adjusted PS Ratio of 9.74 is 64.7% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current Cyclically Adjusted PS Ratio is 9.74, which is 27% below median its own 10-year median of 13.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.84, compared to a current price of €2.63 — trading 83.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.74, which is 27% below median its 10-year median of 13.37 and 64.7% above the REITs industry median of 5.92. Bulgarian Real Estate Fund REIT's overall GF Score™ is 73/100 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Cyclically Adjusted PS Ratio is 9.74 as of Jul. 14, 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued.
The current stock price of €2.63 is trading 83.4% below its estimated GF Value™ of €15.84.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
Cyclically Adjusted PS Ratio: 9.74 (27% below median its 10-year median of 13.37)
GF Value™: €15.84 vs. price of €2.63 (83.4% below fair value)
Industry Position: 64.7% above the REITs median (#441 of 554)
No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Real Estate Fund REIT Business Description
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
73GF Score
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