Balkan and Sea Properties Reit-Varna (LTS:0HZU) Cyclically Adjusted Revenue per Share: лв0.24 (As of Mar. 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
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.

LTS:0HZU Balkan and Sea Properties Reit-Varna LTS:0HZU
36 GF Score
Price лв17.00
! 6 Warning Signs
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What is Balkan and Sea Properties Reit-Varna Cyclically Adjusted Revenue per Share?

Balkan and Sea Properties Reit-Varna LTS:0HZU 36 Cyclically Adjusted Revenue per Share is лв0.24 as of Mar. 2026. GuruFocus rates LTS:0HZU with a GF Score™ of 36/100. The stock has 6 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.

Balkan and Sea Properties Reit-Varna's adjusted revenue per share for the three months ended in Mar. 2026 was лв0.163. 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 лв0.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Balkan and Sea Properties Reit-Varna's average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.60% 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 Balkan and Sea Properties Reit-Varna was 15.60% per year. The lowest was 15.60% per year. And the median was 15.60% per year.

As of today (2026-08-15), Balkan and Sea Properties Reit-Varna's current stock price is лв17.00. Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was лв0.24. Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio of today is 70.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Balkan and Sea Properties Reit-Varna was 211.24. The lowest was 71.11. And the median was 194.55.


Balkan and Sea Properties Reit-Varna  (LTS:0HZU) 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.

Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.00/0.24
=70.83

* 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 Balkan and Sea Properties Reit-Varna was 211.24. The lowest was 71.11. And the median was 194.55.


Be Aware

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


Balkan and Sea Properties Reit-Varna Cyclically Adjusted Revenue per Share Related Terms


Balkan and Sea Properties Reit-Varna Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Balkan and Sea Properties Reit-Varna'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.

Balkan and Sea Properties Reit-Varna Cyclically Adjusted Revenue per Share Chart

Balkan and Sea Properties Reit-Varna 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 0.09 0.08 0.10 0.12

Balkan and Sea Properties Reit-Varna 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 0.12 0.12 0.11 0.12 0.24

LTS:0HZU vs VICI, WPC: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Diversified subindustry, Balkan and Sea Properties Reit-Varna'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.


Balkan and Sea Properties Reit-Varna Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Balkan and Sea Properties Reit-Varna's Cyclically Adjusted PS Ratio falls into.


LTS:0HZU
36GF Score
Balkan and Sea Properties Reit-Varna LTS:0HZU
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Balkan and Sea Properties Reit-Varna 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, Balkan and Sea Properties Reit-Varna'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)
=0.163/330.2130*330.2130
=0.163

Current CPI (Mar. 2026) = 330.2130.

Balkan and Sea Properties Reit-Varna Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.009 241.018 0.012
201609 0.009 241.428 0.012
201612 0.079 241.432 0.108
201703 0.008 243.801 0.011
201706 0.011 244.955 0.015
201709 0.032 246.819 0.043
201712 0.053 246.524 0.071
201803 0.055 249.554 0.073
201806 0.026 251.989 0.034
201809 0.124 252.439 0.162
201812 0.414 251.233 0.544
201903 0.179 254.202 0.233
201906 0.063 256.143 0.081
201909 -0.013 256.759 -0.017
201912 0.054 256.974 0.069
202003 0.009 258.115 0.012
202006 0.006 257.797 0.008
202009 0.154 260.280 0.195
202012 -0.172 260.474 -0.218
202103 0.003 264.877 0.004
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.000 278.802 0.000
202203 0.003 287.504 0.003
202206 0.004 296.311 0.004
202209 0.006 296.808 0.007
202212 0.027 296.797 0.030
202303 0.047 301.836 0.051
202306 -0.037 305.109 -0.040
202309 0.008 307.789 0.009
202312 0.003 306.746 0.003
202403 0.004 312.332 0.004
202406 0.008 314.175 0.008
202409 0.012 315.301 0.013
202412 0.575 315.605 0.602
202503 0.358 319.799 0.370
202506 0.039 322.561 0.040
202509 0.259 324.800 0.263
202512 0.131 324.054 0.133
202603 0.163 330.213 0.163

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 лв0.24 mean?
Balkan and Sea Properties Reit-Varna (LTS:0HZU) has a Cyclically Adjusted Revenue per Share of лв0.24 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 Balkan and Sea Properties Reit-Varna and its competitors.
Is Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share too high?
Balkan and Sea Properties Reit-Varna's current Cyclically Adjusted Revenue per Share is лв0.24. Overall, Balkan and Sea Properties Reit-Varna has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share compare to VICI and WPC?
Balkan and Sea Properties Reit-Varna's Cyclically Adjusted Revenue per Share of лв0.24 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 Balkan and Sea Properties Reit-Varna and its competitors. Balkan and Sea Properties Reit-Varna's current Cyclically Adjusted Revenue per Share is лв0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balkan and Sea Properties Reit-Varna stock overvalued right now?
Balkan and Sea Properties Reit-Varna (LTS:0HZU) has a current Cyclically Adjusted Revenue per Share of лв0.24. The current Cyclically Adjusted Revenue per Share is лв0.24. Balkan and Sea Properties Reit-Varna's overall GF Score™ is 36/100 with 6 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 Balkan and Sea Properties Reit-Varna (LTS:0HZU), the current Cyclically Adjusted Revenue per Share is лв0.24 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.

Balkan and Sea Properties Reit-Varna Business Description

Industry Real EstateREITs
Other Exchanges BSP:Bulgaria
Address 14 General Kolev Boulevard, Varna, BGR, 9000
Balkan and Sea Properties Reit-Varna is a real estate investment trust.
36GF Score

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

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