MRPRF (Merlin Properties SOCIMI) Cyclically Adjusted Revenue per Share: $1.33 (As of Mar. 2026)


MRPRF Merlin Properties SOCIMI SA MRPRF
81 GF Score
Price $17.90
GF Value $12.62
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Merlin Properties SOCIMI Cyclically Adjusted Revenue per Share?

Merlin Properties SOCIMI MRPRF +0.56% 81 Cyclically Adjusted Revenue per Share is $1.33 as of Mar. 2026. GuruFocus rates MRPRF with a GF Score™ of 81/100 and a GF Value™ of $12.62 (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.

Merlin Properties SOCIMI's adjusted revenue per share for the three months ended in Mar. 2026 was $0.273. 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 $1.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Merlin Properties SOCIMI's average Cyclically Adjusted Revenue Growth Rate was 0.90% 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.

As of today (2026-07-05), Merlin Properties SOCIMI's current stock price is $17.90. Merlin Properties SOCIMI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.33. Merlin Properties SOCIMI's Cyclically Adjusted PS Ratio of today is 13.46.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Merlin Properties SOCIMI was 13.63. The lowest was 8.04. And the median was 9.70.


Merlin Properties SOCIMI  (OTCPK:MRPRF) 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.

Merlin Properties SOCIMI's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.90/1.33
=13.46

* 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 Merlin Properties SOCIMI was 13.63. The lowest was 8.04. And the median was 9.70.


Be Aware

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


Merlin Properties SOCIMI Cyclically Adjusted Revenue per Share Related Terms


Merlin Properties SOCIMI Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Merlin Properties SOCIMI'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.

Merlin Properties SOCIMI Cyclically Adjusted Revenue per Share Chart

Merlin Properties SOCIMI 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 0.00 1.27 1.17 1.33

Merlin Properties SOCIMI 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 1.30 1.35 1.33 1.33 1.33

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

For the REIT - Office subindustry, Merlin Properties SOCIMI'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.


Merlin Properties SOCIMI Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Merlin Properties SOCIMI's Cyclically Adjusted PS Ratio falls into.


MRPRF
81GF Score
Merlin Properties SOCIMI SA MRPRF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merlin Properties SOCIMI 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, Merlin Properties SOCIMI'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)
=0.273/129.8600*129.8600
=0.273

Current CPI (Mar. 2026) = 129.8600.

Merlin Properties SOCIMI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.271 100.333 0.351
201609 0.260 99.737 0.339
201612 0.273 101.842 0.348
201703 0.259 100.896 0.333
201706 0.284 101.848 0.362
201709 0.299 101.524 0.382
201712 0.281 102.975 0.354
201803 0.314 102.122 0.399
201806 0.504 104.165 0.628
201809 0.116 103.818 0.145
201812 0.539 104.193 0.672
201903 0.322 103.488 0.404
201906 0.297 104.612 0.369
201909 0.317 103.905 0.396
201912 0.287 105.015 0.355
202003 0.298 103.469 0.374
202006 0.227 104.254 0.283
202009 0.395 103.521 0.496
202012 0.171 104.456 0.213
202103 0.264 104.857 0.327
202106 0.197 107.102 0.239
202109 0.322 107.669 0.388
202112 0.174 111.298 0.203
202203 0.265 115.153 0.299
202206 0.229 118.044 0.252
202209 0.255 117.221 0.282
202212 0.235 117.650 0.259
202303 0.270 118.948 0.295
202306 0.255 120.278 0.275
202309 0.290 121.343 0.310
202312 0.190 121.300 0.203
202403 0.287 122.762 0.304
202406 0.272 124.409 0.284
202409 0.193 123.121 0.204
202412 0.249 124.753 0.259
202503 0.254 125.531 0.263
202506 0.264 127.251 0.269
202509 0.280 126.840 0.287
202512 0.293 128.400 0.296
202603 0.273 129.860 0.273

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 $1.33 mean?
Merlin Properties SOCIMI (MRPRF) has a Cyclically Adjusted Revenue per Share of $1.33 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 Merlin Properties SOCIMI and its competitors.
Is Merlin Properties SOCIMI's Cyclically Adjusted Revenue per Share too high?
Merlin Properties SOCIMI's current Cyclically Adjusted Revenue per Share is $1.33. Overall, Merlin Properties SOCIMI has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Cyclically Adjusted Revenue per Share compare to BXP and ARE?
Merlin Properties SOCIMI's Cyclically Adjusted Revenue per Share of $1.33 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 Merlin Properties SOCIMI and its competitors. Merlin Properties SOCIMI's current Cyclically Adjusted Revenue per Share is $1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (MRPRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.62, compared to a current price of $17.90 — trading 41.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $1.33. Merlin Properties SOCIMI's overall GF Score™ is 81/100 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 Merlin Properties SOCIMI (MRPRF), the current Cyclically Adjusted Revenue per Share is $1.33 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 Merlin Properties SOCIMI (MRPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued. The current stock price of $17.90 is trading 41.8% above its estimated GF Value™ of $12.62. GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.

Key valuation signals for MRPRF:

  • Cyclically Adjusted Revenue per Share: $1.33
  • GF Value™: $12.62 vs. price of $17.90 (41.8% above fair value)
  • GF Score™: 81/100 with 8 warning signs

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


Merlin Properties SOCIMI Business Description

Industry Real EstateREITs
Address Paseo de la Castellana 257, Madrid, ESP, 28046
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
81GF Score

Get the complete analysis for MRPRF

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

$17.90
Price
$12.62
GF Value