IVREF (Inovalis Real Estate Investment Trust) Cyclically Adjusted Revenue per Share: $1.24 (As of Mar. 2026)


IVREF Inovalis Real Estate Investment Trust IVREF
40 GF Score
Price $0.60
GF Value $0.71
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Inovalis Real Estate Investment Trust Cyclically Adjusted Revenue per Share?

Inovalis Real Estate Investment Trust IVREF -6.08% 40 Cyclically Adjusted Revenue per Share is $1.24 as of Mar. 2026. GuruFocus rates IVREF with a GF Score™ of 40/100 and a GF Value™ of $0.71 (Modestly Undervalued). The stock has 9 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.

Inovalis Real Estate Investment Trust's adjusted revenue per share for the three months ended in Mar. 2026 was $0.080. 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 $1.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Inovalis Real Estate Investment Trust's average Cyclically Adjusted Revenue Growth Rate was -8.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -6.30% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Inovalis Real Estate Investment Trust was -6.30% per year. The lowest was -6.30% per year. And the median was -6.30% per year.

As of today (2026-07-02), Inovalis Real Estate Investment Trust's current stock price is $0.6011. Inovalis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.24. Inovalis Real Estate Investment Trust's Cyclically Adjusted PS Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Inovalis Real Estate Investment Trust was 2.94. The lowest was 0.51. And the median was 0.70.


Inovalis Real Estate Investment Trust  (OTCPK:IVREF) 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.

Inovalis 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
=0.6011/1.24
=0.48

* 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 13 years, the highest Cyclically Adjusted PS Ratio of Inovalis Real Estate Investment Trust was 2.94. The lowest was 0.51. And the median was 0.70.


Be Aware

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


Inovalis Real Estate Investment Trust Cyclically Adjusted Revenue per Share Related Terms


Inovalis Real Estate Investment Trust Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Inovalis 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.

Inovalis Real Estate Investment Trust Cyclically Adjusted Revenue per Share Chart

Inovalis Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.21 1.17 1.01 0.92

Inovalis 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 1.08 1.14 1.00 0.92 1.24

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

For the REIT - Office subindustry, Inovalis 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.


Inovalis Real Estate Investment Trust Cyclically Adjusted PS Ratio vs REITs Industry

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

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


IVREF
40GF Score
Inovalis Real Estate Investment Trust IVREF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inovalis 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, Inovalis 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)
=0.08/132.2623*132.2623
=0.080

Current CPI (Mar. 2026) = 132.2623.

Inovalis Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.303 102.002 0.393
201609 0.278 101.765 0.361
201612 0.279 101.449 0.364
201703 0.253 102.634 0.326
201706 0.273 103.029 0.350
201709 0.315 103.345 0.403
201712 0.297 103.345 0.380
201803 0.310 105.004 0.390
201806 0.290 105.557 0.363
201809 0.276 105.636 0.346
201812 0.232 105.399 0.291
201903 0.269 106.979 0.333
201906 0.277 107.690 0.340
201909 0.271 107.611 0.333
201912 0.215 107.769 0.264
202003 0.210 107.927 0.257
202006 0.228 108.401 0.278
202009 0.241 108.164 0.295
202012 0.233 108.559 0.284
202103 0.234 110.298 0.281
202106 0.217 111.720 0.257
202109 0.223 112.905 0.261
202112 0.173 113.774 0.201
202203 0.157 117.646 0.177
202206 0.199 120.806 0.218
202209 0.184 120.648 0.202
202212 0.186 120.964 0.203
202303 0.197 122.702 0.212
202306 0.276 124.203 0.294
202309 0.141 125.230 0.149
202312 0.150 125.072 0.159
202403 0.136 126.258 0.142
202406 0.149 127.522 0.155
202409 0.124 127.285 0.129
202412 0.126 127.364 0.131
202503 0.118 129.181 0.121
202506 0.123 129.892 0.125
202509 0.124 130.287 0.126
202512 0.121 130.366 0.123
202603 0.080 132.262 0.080

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 $1.24 mean?
Inovalis Real Estate Investment Trust (IVREF) has a Cyclically Adjusted Revenue per Share of $1.24 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 Inovalis Real Estate Investment Trust and its competitors.
Is Inovalis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share too high?
Inovalis Real Estate Investment Trust's current Cyclically Adjusted Revenue per Share is $1.24. Overall, Inovalis Real Estate Investment Trust has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inovalis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share compare to BXP and ARE?
Inovalis Real Estate Investment Trust's Cyclically Adjusted Revenue per Share of $1.24 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 Inovalis Real Estate Investment Trust and its competitors. Inovalis Real Estate Investment Trust's current Cyclically Adjusted Revenue per Share is $1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inovalis Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Inovalis Real Estate Investment Trust (IVREF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.71, compared to a current price of $0.60 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $1.24. Inovalis Real Estate Investment Trust's overall GF Score™ is 40/100 with 9 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 Inovalis Real Estate Investment Trust (IVREF), the current Cyclically Adjusted Revenue per Share is $1.24 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 Inovalis Real Estate Investment Trust (IVREF) Overvalued in 2026?

Based on GuruFocus' analysis, Inovalis Real Estate Investment Trust stock appears to be undervalued. The current stock price of $0.60 is trading 15.3% below its estimated GF Value™ of $0.71. GuruFocus considers Inovalis Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for IVREF:

  • Cyclically Adjusted Revenue per Share: $1.24
  • GF Value™: $0.71 vs. price of $0.60 (15.3% below fair value)
  • GF Score™: 40/100 with 9 warning signs

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


Inovalis Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges INO.UN:Canada
Address 151 Yonge Street, 11th Floor, Toronto, ON, CAN, M5C 2W7
Inovalis Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. Its portfolio comprises office properties that are leased to corporate clients in France, Spain, and Germany. The Trust's investment criteria encompass office properties outside of Canada with an occupancy level of above eighty percent (unless AFFO accretive), secured rental cash flows, a property value of approximately between twenty and sixty million euros (unless AFFO accretive), and a potential future upside with respect to matters including rent and area development. The majority of the REIT's revenue is generated through rental income from its investment properties in France.
40GF Score

Get the complete analysis for IVREF

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

$0.60
Price
$0.71
GF Value