Balkan and Sea Properties Reit-Varna (XBUL:BSP) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:BSP Balkan and Sea Properties Reit-Varna XBUL:BSP
39 GF Score
Price €13.00
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What is Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Balkan and Sea Properties Reit-Varna  (XBUL:BSP) 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.


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Related Terms


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Balkan and Sea Properties Reit-Varna'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.

Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio Chart

Balkan and Sea Properties Reit-Varna 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 144.41 147.41 149.02 106.42 99.19

Balkan and Sea Properties Reit-Varna Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 108.52 107.56 99.19 50.59 50.00

XBUL:BSP vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Balkan and Sea Properties Reit-Varna'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.


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio falls into.


XBUL:BSP
39GF Score
Balkan and Sea Properties Reit-Varna XBUL:BSP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Balkan and Sea Properties Reit-Varna 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.

Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Balkan and Sea Properties Reit-Varna's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.012/333.9520*333.9520
=0.012

Current CPI (Jun. 2026) = 333.9520.

Balkan and Sea Properties Reit-Varna Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.005 238.132 0.007
201606 0.005 241.018 0.007
201609 0.009 241.428 0.012
201612 0.068 241.432 0.094
201703 0.005 243.801 0.007
201706 0.006 244.955 0.008
201709 0.018 246.819 0.024
201712 0.027 246.524 0.037
201803 0.028 249.554 0.037
201806 0.013 251.989 0.017
201809 0.063 252.439 0.083
201812 0.329 251.233 0.437
201903 0.061 254.202 0.080
201906 0.033 256.143 0.043
201909 0.035 256.759 0.046
201912 0.043 256.974 0.056
202003 0.005 258.115 0.006
202006 0.003 257.797 0.004
202009 0.078 260.280 0.100
202012 0.000 260.474 0.000
202103 0.001 264.877 0.001
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.219 278.802 0.262
202203 0.001 287.504 0.001
202206 0.008 296.311 0.009
202209 0.004 296.808 0.005
202212 -0.004 296.797 -0.005
202303 0.021 301.836 0.023
202312 0.005 306.746 0.005
202403 0.004 312.332 0.004
202406 0.009 314.175 0.010
202409 0.006 315.301 0.006
202412 0.636 315.605 0.673
202503 0.197 319.799 0.206
202506 0.041 322.561 0.042
202509 0.130 324.800 0.134
202512 0.113 324.054 0.116
202603 0.083 330.213 0.084
202606 0.012 333.952 0.012

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.


Balkan and Sea Properties Reit-Varna Business Description

Industry Real EstateREITs
Address 14 General Kolev Boulevard, Varna, BGR, 9000
Balkan and Sea Properties Reit-Varna is a real estate investment trust.
39GF Score

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

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