PSP Swiss Property AG (XSWX:PSPN) Cyclically Adjusted PS Ratio: 17.61 (As of Jul. 11, 2026) — 23% Above Median


XSWX:PSPN PSP Swiss Property AG XSWX:PSPN
67 GF Score
Price CHF143.20
GF Value CHF123.51
Valuation Modestly Overvalued
! 5 Warning Signs
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What is PSP Swiss Property AG Cyclically Adjusted PS Ratio?

PSP Swiss Property AG XSWX:PSPN -0.42% 67 Cyclically Adjusted PS Ratio is 17.61 as of Jul. 11, 2026, which is 23% above its 10-year median of 14.26. GuruFocus rates XSWX:PSPN with a GF Score™ of 67/100 and a GF Value™ of CHF123.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,357 Real Estate companies, PSP Swiss Property AG ranks worse than 96.39% on this metric.

As of today (2026-07-11), PSP Swiss Property AG's current share price is CHF143.20. PSP Swiss Property AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was CHF8.13. PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is 17.61.

The historical rank and industry rank for PSP Swiss Property AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

XSWX:PSPN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.23   Med: 14.26   Max: 20.41
Current: 17.62

During the past years, PSP Swiss Property AG's highest Cyclically Adjusted PS Ratio was 20.41. The lowest was 10.23. And the median was 14.26.

XSWX:PSPN's Cyclically Adjusted PS Ratio is ranked worse than
96.39% of 1357 companies
in the Real Estate industry
Industry Median: 1.83 vs XSWX:PSPN: 17.62

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.

PSP Swiss Property AG's adjusted revenue per share data for the three months ended in Mar. 2026 was CHF1.914. 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 CHF8.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Swiss Property AG  (XSWX:PSPN) 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.


PSP Swiss Property AG Cyclically Adjusted PS Ratio Related Terms


PSP Swiss Property AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted PS Ratio Chart

PSP Swiss Property AG 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 14.99 13.70 14.64 16.04 17.68

PSP Swiss Property AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 17.04 17.89 16.76 17.68 19.50

XSWX:PSPN vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted PS Ratio falls into.


XSWX:PSPN
67GF Score
PSP Swiss Property AG XSWX:PSPN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PSP Swiss Property AG 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.

PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=143.20/8.13
=17.61

* 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.

PSP Swiss Property AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PSP Swiss Property AG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.914/108.0600*108.0600
=1.914

Current CPI (Mar. 2026) = 108.0600.

PSP Swiss Property AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.893 100.088 2.044
201609 1.989 99.604 2.158
201612 1.900 99.380 2.066
201703 1.578 100.040 1.705
201706 1.563 100.285 1.684
201709 2.170 100.254 2.339
201712 1.550 100.213 1.671
201803 1.592 100.836 1.706
201806 1.585 101.435 1.689
201809 2.001 101.246 2.136
201812 1.619 100.906 1.734
201903 2.046 101.571 2.177
201906 1.609 102.044 1.704
201909 1.875 101.396 1.998
201912 2.122 101.063 2.269
202003 1.675 101.048 1.791
202006 1.625 100.743 1.743
202009 2.135 100.585 2.294
202012 2.042 100.241 2.201
202103 2.586 100.800 2.772
202106 1.808 101.352 1.928
202109 1.840 101.533 1.958
202112 2.170 101.776 2.304
202203 3.221 103.205 3.373
202206 1.965 104.783 2.026
202209 1.895 104.835 1.953
202212 1.851 104.666 1.911
202303 1.898 106.245 1.930
202306 2.238 106.576 2.269
202309 2.000 106.570 2.028
202312 1.894 106.461 1.922
202403 2.021 107.355 2.034
202406 2.143 107.991 2.144
202409 1.882 107.468 1.892
202412 1.980 107.128 1.997
202503 1.895 107.722 1.901
202506 1.897 108.075 1.897
202509 2.075 107.710 2.082
202512 1.915 107.200 1.930
202603 1.914 108.060 1.914

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 17.61 mean?
PSP Swiss Property AG (XSWX:PSPN) has a Cyclically Adjusted PS Ratio of 17.61 as of Jul. 11, 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 PSP Swiss Property AG and its competitors. This is 23% above median its historical median of 14.26. Over the past decade, PSP Swiss Property AG's Cyclically Adjusted PS Ratio has ranged from 10.23 to 20.41. According to the industry distribution chart, PSP Swiss Property AG ranks #1308 out of 1357 companies in the Real Estate industry, placing it in the top 96.4%.
Is PSP Swiss Property AG's Cyclically Adjusted PS Ratio too high?
PSP Swiss Property AG's current Cyclically Adjusted PS Ratio of 17.61 is 23% above median its 10-year median of 14.26. Over the past 10 years, this metric has ranged from a low of 10.23 to a high of 20.41. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. PSP Swiss Property AG's value of 17.61 is 862.3% above this industry median. Based on the distribution chart, PSP Swiss Property AG ranks #1308 out of 1357 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PSP Swiss Property AG has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSP Swiss Property AG's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PSP Swiss Property AG ranks #1308 out of 1357 companies for Cyclically Adjusted PS Ratio. This places PSP Swiss Property AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. PSP Swiss Property AG's value of 17.61 is 862.3% above this benchmark. Historically, PSP Swiss Property AG's own Cyclically Adjusted PS Ratio has ranged from 10.23 to 20.41 over the past decade. While the company's 10-year median is 14.26 vs. the industry median of 1.83, PSP Swiss Property AG 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,357 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. PSP Swiss Property AG's current Cyclically Adjusted PS Ratio of 17.61 is 862.3% 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 PSP Swiss Property AG and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSP Swiss Property AG's current Cyclically Adjusted PS Ratio is 17.61, which is 23% above median its own 10-year median of 14.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Swiss Property AG stock overvalued right now?
Based on GuruFocus' analysis, PSP Swiss Property AG (XSWX:PSPN) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF123.51, compared to a current price of CHF143.20 — trading 15.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 17.61, which is 23% above median its 10-year median of 14.26 and 862.3% above the Real Estate industry median of 1.83. PSP Swiss Property AG's overall GF Score™ is 67/100 with 5 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 PSP Swiss Property AG (XSWX:PSPN), the current Cyclically Adjusted PS Ratio is 17.61 as of Jul. 11, 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 PSP Swiss Property AG (XSWX:PSPN) Overvalued in 2026?

Based on GuruFocus' analysis, PSP Swiss Property AG stock appears to be overvalued. The current stock price of CHF143.20 is trading 15.9% above its estimated GF Value™ of CHF123.51. GuruFocus considers PSP Swiss Property AG to be Modestly Overvalued.

Key valuation signals for XSWX:PSPN:

  • Cyclically Adjusted PS Ratio: 17.61 (23% above median its 10-year median of 14.26)
  • GF Value™: CHF123.51 vs. price of CHF143.20 (15.9% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 862.3% above the Real Estate median (#1308 of 1357)

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


PSP Swiss Property AG Business Description

Address Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.
67GF Score

Get the complete analysis for XSWX:PSPN

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

CHF143.20
Price
CHF123.51
GF Value