Patrizia SE (XTER:PAT) 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
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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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.

XTER:PAT Patrizia SE XTER:PAT
72 GF Score
Price €6.75
GF Value €7.50
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Patrizia SE Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Patrizia SE  (XTER:PAT) 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.


Patrizia SE Cyclically Adjusted PS Ratio Related Terms


Patrizia SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Patrizia SE'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.

Patrizia SE Cyclically Adjusted PS Ratio Chart

Patrizia SE 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 4.36 2.00 1.53 1.48 1.64

Patrizia SE 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 1.49 1.36 1.59 1.52 1.71

XTER:PAT vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Patrizia SE'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.


Patrizia SE Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


XTER:PAT
72GF Score
Patrizia SE XTER:PAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Patrizia SE 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.

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

For example, Patrizia SE'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)
=0.743/131.3638*131.3638
=0.743

Current CPI (Jun. 2026) = 131.3638.

Patrizia SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.911 101.017 1.185
201612 2.042 101.217 2.650
201703 0.577 101.417 0.747
201706 0.801 102.117 1.030
201709 0.701 102.717 0.897
201712 1.400 102.617 1.792
201803 0.933 102.917 1.191
201806 0.941 104.017 1.188
201809 0.923 104.718 1.158
201812 1.307 104.217 1.647
201903 0.658 104.217 0.829
201906 1.386 105.718 1.722
201909 0.731 106.018 0.906
201912 1.766 105.818 2.192
202003 0.755 105.718 0.938
202006 0.986 106.618 1.215
202009 0.895 105.818 1.111
202012 0.932 105.518 1.160
202103 0.657 107.518 0.803
202106 0.927 108.486 1.122
202109 1.016 109.435 1.220
202112 1.196 110.384 1.423
202203 0.918 113.968 1.058
202206 0.935 115.760 1.061
202209 0.993 118.818 1.098
202212 1.228 119.345 1.352
202303 0.766 122.402 0.822
202306 0.808 123.140 0.862
202309 0.996 124.195 1.053
202312 1.115 123.773 1.183
202403 0.727 125.038 0.764
202406 0.816 125.882 0.852
202409 0.742 126.198 0.772
202412 1.100 127.041 1.137
202503 0.682 127.779 0.701
202506 0.766 128.412 0.784
202509 0.837 129.255 0.851
202512 1.122 129.361 1.139
202603 0.708 131.258 0.709
202606 0.743 131.364 0.743

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 Patrizia SE (XTER:PAT) Overvalued in 2026?

Based on GuruFocus' analysis, Patrizia SE stock appears to be undervalued. The current stock price of €6.75 is trading 10% below its estimated GF Value™ of €7.50. GuruFocus considers Patrizia SE to be Modestly Undervalued.

Key valuation signals for XTER:PAT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.50 vs. price of €6.75 (10% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Patrizia SE Business Description

Other Exchanges 0FJC:UKP1Z:Austria
Address Fuggerstrasse 20, Augsburg, BY, DEU, 86150
PATRIZIA SE is a European independent real asset investment manager. The company provides investment opportunities in real assets for institutional, semi-professional, and private investors, with a focus on real estate and infrastructure. Its investment activities are aligned with sectors related to digital, urban, energy, and living-related developments and trends.
72GF Score

Get the complete analysis for XTER:PAT

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

€6.75
Price
€7.50
GF Value