Altareit (XPAR:AREIT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

XPAR:AREIT Altareit SA XPAR:AREIT
12 GF Score
Price €560.00
GF Value €340.95
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Altareit Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Altareit  (XPAR:AREIT) 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.


Altareit Cyclically Adjusted PS Ratio Related Terms


Altareit Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Altareit'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.

Altareit Cyclically Adjusted PS Ratio Chart

Altareit 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 0.60 0.51 0.34 0.33 0.35

Altareit 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 0.34 0.33 0.36 0.35 0.39

Altareit Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Altareit'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.


Altareit Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


XPAR:AREIT
12GF Score
Altareit SA XPAR:AREIT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Altareit 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.

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

For example, Altareit'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)
=1055.933/120.8900*120.8900
=1,055.933

Current CPI (Dec25) = 120.8900.

Altareit Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 776.137 100.650 932.213
201712 985.767 101.850 1,170.048
201812 1,256.296 103.470 1,467.803
201912 1,649.024 104.980 1,898.938
202012 1,624.162 104.960 1,870.664
202112 1,606.804 107.850 1,801.081
202212 1,561.417 114.160 1,653.466
202312 1,402.464 118.390 1,432.079
202412 1,415.727 119.950 1,426.821
202512 1,055.933 120.890 1,055.933

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 Altareit (XPAR:AREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Altareit stock appears to be overvalued. The current stock price of €560.00 is trading 64.2% above its estimated GF Value™ of €340.95. GuruFocus considers Altareit to be Significantly Overvalued.

Key valuation signals for XPAR:AREIT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €340.95 vs. price of €560.00 (64.2% above fair value)
  • GF Score™: 12/100 with 8 warning signs

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


Altareit Business Description

Address c/o Altarea, 87 Rue de Richelieu, Paris, FRA, 75002
Altareit SA is a property development company in France. The company is operating across the full breadth of the real estate sector: retail, residential, and office. The company also managed the retail development part of the mixed-use projects led by Altarea Cogedim Group. The company offers a platform of real estate skills for low-carbon urban transformation.. The company's operating segment includes Residential, Business property, and Diversification. The company generates the majority of its revenue from the Residential segment. Geographically, the company generates almost all of its revenue from France.
12GF Score

Get the complete analysis for XPAR:AREIT

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

€560.00
Price
€340.95
GF Value