Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) Cyclically Adjusted Revenue per Share: ฿1.67 (As of Mar. 2026)

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BKK:GVREIT Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT
70 GF Score
Price ฿8.30
GF Value ฿6.34
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted Revenue per Share?

Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT 70 Cyclically Adjusted Revenue per Share is ฿1.67 as of Mar. 2026. GuruFocus rates BKK:GVREIT with a GF Score™ of 70/100 and a GF Value™ of ฿6.34 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Golden Ventures Leasehold Real Estate Investment Trust's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.340. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿1.67 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-08-16), Golden Ventures Leasehold Real Estate Investment Trust's current stock price is ฿8.30. Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿1.67. Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio of today is 4.97.

During the past 10 years, the highest Cyclically Adjusted PS Ratio of Golden Ventures Leasehold Real Estate Investment Trust was 5.03. The lowest was 3.86. And the median was 4.06.


Golden Ventures Leasehold Real Estate Investment Trust  (BKK:GVREIT) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.30/1.67
=4.97

* 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.

During the past 10 years, the highest Cyclically Adjusted PS Ratio of Golden Ventures Leasehold Real Estate Investment Trust was 5.03. The lowest was 3.86. And the median was 4.06.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted Revenue per Share Related Terms


Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share 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.

Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted Revenue per Share Chart

Golden Ventures Leasehold Real Estate Investment Trust Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Golden Ventures Leasehold Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 0.00 0.00 0.00 1.65 1.67

BKK:GVREIT vs BXP, ARE, VNO: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Office subindustry, Golden Ventures Leasehold Real Estate Investment Trust'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.


Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


BKK:GVREIT
70GF Score
Golden Ventures Leasehold Real Estate Investment Trust BKK:GVREIT
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Ventures Leasehold Real Estate Investment Trust Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Golden Ventures Leasehold Real Estate Investment Trust'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)
=0.34/330.2130*330.2130
=0.340

Current CPI (Mar. 2026) = 330.2130.

Golden Ventures Leasehold Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.324 241.018 0.444
201609 0.331 241.428 0.453
201612 0.328 241.432 0.449
201703 0.334 243.801 0.452
201706 0.332 244.955 0.448
201709 0.335 246.819 0.448
201712 0.338 246.524 0.453
201803 0.343 249.554 0.454
201806 0.355 251.989 0.465
201809 0.360 252.439 0.471
201812 0.364 251.233 0.478
201903 0.368 254.202 0.478
201906 0.371 256.143 0.478
201909 0.379 256.759 0.487
201912 0.373 256.974 0.479
202003 0.373 258.115 0.477
202006 0.334 257.797 0.428
202009 0.367 260.280 0.466
202012 0.362 260.474 0.459
202103 0.350 264.877 0.436
202106 0.342 271.696 0.416
202109 0.311 274.310 0.374
202112 0.347 278.802 0.411
202203 0.343 287.504 0.394
202206 0.349 296.311 0.389
202209 0.350 296.808 0.389
202212 0.356 296.797 0.396
202303 0.354 301.836 0.387
202306 0.355 305.109 0.384
202309 0.350 307.789 0.375
202312 0.350 306.746 0.377
202403 0.344 312.332 0.364
202406 0.349 314.175 0.367
202409 0.348 315.301 0.364
202412 0.354 315.605 0.370
202503 0.344 319.799 0.355
202506 0.345 322.561 0.353
202509 0.333 324.800 0.339
202512 0.334 324.054 0.340
202603 0.340 330.213 0.340

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ฿1.67 mean?
Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) has a Cyclically Adjusted Revenue per Share of ฿1.67 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Golden Ventures Leasehold Real Estate Investment Trust and its competitors.
Is Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share too high?
Golden Ventures Leasehold Real Estate Investment Trust's current Cyclically Adjusted Revenue per Share is ฿1.67. Overall, Golden Ventures Leasehold Real Estate Investment Trust has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share compare to BXP and ARE?
Golden Ventures Leasehold Real Estate Investment Trust's Cyclically Adjusted Revenue per Share of ฿1.67 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Golden Ventures Leasehold Real Estate Investment Trust and its competitors. Golden Ventures Leasehold Real Estate Investment Trust's current Cyclically Adjusted Revenue per Share is ฿1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Ventures Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.34, compared to a current price of ฿8.30 — trading 30.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿1.67. Golden Ventures Leasehold Real Estate Investment Trust's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT), the current Cyclically Adjusted Revenue per Share is ฿1.67 as of Mar. 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 Golden Ventures Leasehold Real Estate Investment Trust (BKK:GVREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Ventures Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿8.30 is trading 30.9% above its estimated GF Value™ of ฿6.34. GuruFocus considers Golden Ventures Leasehold Real Estate Investment Trust to be Significantly Overvalued.

Key valuation signals for BKK:GVREIT:

  • Cyclically Adjusted Revenue per Share: ฿1.67
  • GF Value™: ฿6.34 vs. price of ฿8.30 (30.9% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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


Golden Ventures Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address 944 Rama 4 Road, 22nd Floor, Mitrtown Office Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Golden Ventures Leasehold Real Estate Investment Trust operates leasehold properties, focusing on office buildings. The company invests in properties located in Thailand. The Trust's objectives are to raise funds from investors both ordinary and juristic persons, including long-term loans from financial institutions and deposits from rental to invest in 2 projects Park Ventures Ecoplex Project and Sathorn Square Project.
70GF Score

Get the complete analysis for BKK:GVREIT

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

฿8.30
Price
฿6.34
GF Value