Fund Estates REIT (XBUL:FUES) Cyclically Adjusted PS Ratio: 1.50 (As of Jul. 30, 2026) — 436% Above Median

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What is Fund Estates REIT Cyclically Adjusted PS Ratio?

Fund Estates REIT XBUL:FUES Cyclically Adjusted PS Ratio is 1.50 as of Jul. 30, 2026, which is 436% above its 10-year median of 0.28. The stock has 4 warning signs investors should review. Among 546 REITs companies, Fund Estates REIT ranks better than 88.46% on this metric.

As of today (2026-07-30), Fund Estates REIT's current share price is €0.045. Fund Estates REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.03. Fund Estates REIT's Cyclically Adjusted PS Ratio for today is 1.50.

The historical rank and industry rank for Fund Estates REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

XBUL:FUES' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.28   Max: 3
Current: 1.69

During the past years, Fund Estates REIT's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 0.13. And the median was 0.28.

XBUL:FUES's Cyclically Adjusted PS Ratio is ranked better than
88.46% of 546 companies
in the REITs industry
Industry Median: 5.895 vs XBUL:FUES: 1.69

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.

Fund Estates REIT's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.003. 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 €0.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fund Estates REIT  (XBUL:FUES) 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.


Fund Estates REIT Cyclically Adjusted PS Ratio Related Terms


Fund Estates REIT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fund Estates 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.

Fund Estates REIT Cyclically Adjusted PS Ratio Chart

Fund Estates REIT 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 0.21 1.99 3.49

Fund Estates REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.98 0.96 3.49 3.43 1.69

XBUL:FUES vs VICI, WPC, BNL: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Fund Estates 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.


Fund Estates REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

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



Fund Estates 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.

Fund Estates REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.045/0.03
=1.50

* 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.

Fund Estates REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fund Estates REIT'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)
=0.003/333.9520*333.9520
=0.003

Current CPI (Jun. 2026) = 333.9520.

Fund Estates REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.002 241.428 0.003
201612 0.004 241.432 0.006
201703 0.002 243.801 0.003
201706 0.002 244.955 0.003
201709 0.002 246.819 0.003
201712 0.004 246.524 0.005
201803 0.002 249.554 0.003
201806 0.002 251.989 0.003
201809 0.004 252.439 0.005
201812 0.038 251.233 0.051
201903 0.004 254.202 0.005
201906 0.002 256.143 0.003
201909 0.003 256.759 0.004
201912 0.009 256.974 0.012
202003 0.003 258.115 0.004
202006 0.002 257.797 0.003
202009 0.003 260.280 0.004
202012 0.002 260.474 0.003
202103 0.002 264.877 0.003
202106 0.002 271.696 0.002
202109 0.004 274.310 0.005
202112 0.003 278.802 0.004
202203 0.006 287.504 0.007
202206 0.004 296.311 0.005
202209 0.013 296.808 0.015
202212 0.007 296.797 0.008
202303 0.004 301.836 0.004
202306 0.003 305.109 0.003
202309 0.004 307.789 0.004
202312 0.012 306.746 0.013
202403 0.003 312.332 0.003
202406 0.003 314.175 0.003
202409 0.005 315.301 0.005
202412 0.026 315.605 0.028
202503 0.003 319.799 0.003
202506 0.109 322.561 0.113
202509 0.003 324.800 0.003
202512 -0.087 324.054 -0.090
202603 0.002 330.213 0.002
202606 0.003 333.952 0.003

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 1.50 mean?
Fund Estates REIT (XBUL:FUES) has a Cyclically Adjusted PS Ratio of 1.50 as of Jul. 30, 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 Fund Estates REIT and its competitors. This is 436% above median its historical median of 0.28. Over the past decade, Fund Estates REIT's Cyclically Adjusted PS Ratio has ranged from 0.13 to 3.00. According to the industry distribution chart, Fund Estates REIT ranks #63 out of 546 companies in the REITs industry, placing it in the top 11.5%.
Is Fund Estates REIT's Cyclically Adjusted PS Ratio too high?
Fund Estates REIT's current Cyclically Adjusted PS Ratio of 1.50 is 436% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 3.00. The REITs industry median Cyclically Adjusted PS Ratio is 5.90. Fund Estates REIT's value of 1.50 is 74.6% below this industry median. Based on the distribution chart, Fund Estates REIT ranks #63 out of 546 companies in the REITs industry, which is in the top quartile — a strong position relative to peers.
How does Fund Estates REIT's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Fund Estates REIT ranks #63 out of 546 companies for Cyclically Adjusted PS Ratio. This places Fund Estates REIT in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.90. Fund Estates REIT's value of 1.50 is 74.6% below this benchmark. Historically, Fund Estates REIT's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 3.00 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 5.90, Fund Estates REIT has consistently been below 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 5.90, based on 546 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. Fund Estates REIT's current Cyclically Adjusted PS Ratio of 1.50 is 74.6% below 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 Fund Estates REIT and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fund Estates REIT's current Cyclically Adjusted PS Ratio is 1.50, which is 436% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fund Estates REIT stock overvalued right now?
Based on GuruFocus' analysis, Fund Estates REIT (XBUL:FUES) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.03, compared to a current price of €0.05 — trading 50% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.50, which is 436% above median its 10-year median of 0.28 and 74.6% below the REITs industry median of 5.90. 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 Fund Estates REIT (XBUL:FUES), the current Cyclically Adjusted PS Ratio is 1.50 as of Jul. 30, 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.

Fund Estates REIT Business Description

Industry Real EstateREITs
Address Bul. Tsarigradsko shose 159, Sofia, BGR, 1784
Fund Estates REIT is engaged in the securitization of real estate. The scope of activity of the company includes fundraising through the issuance of securities and subsequent investment of the raised funds in real estate and real rights on real estates, construction works, improvements and furnishing in the latter, in order to provide them with management, rent, lease or lease and/or subsequent sale.