FairPlay Properties REIT (XBUL:FPP) Cyclically Adjusted Revenue per Share: €0.18 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

XBUL:FPP FairPlay Properties REIT XBUL:FPP
52 GF Score
Price €0.51
GF Value €0.87
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is FairPlay Properties REIT Cyclically Adjusted Revenue per Share?

FairPlay Properties REIT XBUL:FPP 52 Cyclically Adjusted Revenue per Share is €0.18 as of Jun. 2026. GuruFocus rates XBUL:FPP with a GF Score™ of 52/100 and a GF Value™ of €0.87 (Possible Value Trap). The stock has 4 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.

FairPlay Properties REIT's adjusted revenue per share for the three months ended in Jun. 2026 was €0.008. 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 €0.18 for the trailing ten years ended in Jun. 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 (2026-08-01), FairPlay Properties REIT's current stock price is €0.51. FairPlay Properties REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.18. FairPlay Properties REIT's Cyclically Adjusted PS Ratio of today is 2.83.

During the past 10 years, the highest Cyclically Adjusted PS Ratio of FairPlay Properties REIT was 9.24. The lowest was 2.82. And the median was 4.12.


FairPlay Properties REIT  (XBUL:FPP) 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.

FairPlay Properties REIT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.51/0.18
=2.83

* 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 10 years, the highest Cyclically Adjusted PS Ratio of FairPlay Properties REIT was 9.24. The lowest was 2.82. And the median was 4.12.


Be Aware

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


FairPlay Properties REIT Cyclically Adjusted Revenue per Share Related Terms


FairPlay Properties REIT Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for FairPlay Properties REIT'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.

FairPlay Properties REIT Cyclically Adjusted Revenue per Share Chart

FairPlay Properties REIT 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 0.00 0.00 0.00

FairPlay Properties REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.18

XBUL:FPP vs VICI, WPC: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Diversified subindustry, FairPlay Properties REIT'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.


FairPlay Properties REIT Cyclically Adjusted PS Ratio vs REITs Industry

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

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


XBUL:FPP
52GF Score
FairPlay Properties REIT XBUL:FPP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FairPlay Properties REIT 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, FairPlay Properties REIT'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)
=0.008/333.9520*333.9520
=0.008

Current CPI (Jun. 2026) = 333.9520.

FairPlay Properties REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.015 243.801 0.021
201706 0.008 244.955 0.011
201709 0.015 246.819 0.020
201712 0.180 246.524 0.244
201803 0.019 249.554 0.025
201806 0.011 251.989 0.015
201809 0.027 252.439 0.036
201812 0.256 251.233 0.340
201903 0.015 254.202 0.020
201906 0.032 256.143 0.042
201909 0.035 256.759 0.046
201912 0.027 256.974 0.035
202003 0.005 258.115 0.006
202006 0.010 257.797 0.013
202009 0.013 260.280 0.017
202012 0.023 260.474 0.029
202103 0.026 264.877 0.033
202106 0.054 271.696 0.066
202109 0.027 274.310 0.033
202112 0.020 278.802 0.024
202203 0.022 287.504 0.026
202206 0.033 296.311 0.037
202209 0.028 296.808 0.032
202212 0.017 296.797 0.019
202303 0.018 301.836 0.020
202306 0.014 305.109 0.015
202309 0.018 307.789 0.020
202312 0.019 306.746 0.021
202403 0.015 312.332 0.016
202406 0.014 314.175 0.015
202409 0.020 315.301 0.021
202412 0.028 315.605 0.030
202503 0.020 319.799 0.021
202506 0.273 322.561 0.283
202509 0.015 324.800 0.015
202512 0.018 324.054 0.019
202603 0.026 330.213 0.026
202606 0.008 333.952 0.008

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 €0.18 mean?
FairPlay Properties REIT (XBUL:FPP) has a Cyclically Adjusted Revenue per Share of €0.18 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on FairPlay Properties REIT and its competitors.
Is FairPlay Properties REIT's Cyclically Adjusted Revenue per Share too high?
FairPlay Properties REIT's current Cyclically Adjusted Revenue per Share is €0.18. Overall, FairPlay Properties REIT has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FairPlay Properties REIT's Cyclically Adjusted Revenue per Share compare to VICI and WPC?
FairPlay Properties REIT's Cyclically Adjusted Revenue per Share of €0.18 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 FairPlay Properties REIT and its competitors. FairPlay Properties REIT's current Cyclically Adjusted Revenue per Share is €0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FairPlay Properties REIT stock overvalued right now?
Based on GuruFocus' analysis, FairPlay Properties REIT (XBUL:FPP) is currently considered Possible Value Trap. The stock's GF Value™ is €0.87, compared to a current price of €0.51 — trading 41.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.18. FairPlay Properties REIT's overall GF Score™ is 52/100 with 4 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 FairPlay Properties REIT (XBUL:FPP), the current Cyclically Adjusted Revenue per Share is €0.18 as of Jun. 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 FairPlay Properties REIT (XBUL:FPP) Overvalued in 2026?

Based on GuruFocus' analysis, FairPlay Properties REIT stock appears to be undervalued. The current stock price of €0.51 is trading 41.4% below its estimated GF Value™ of €0.87. GuruFocus considers FairPlay Properties REIT to be Possible Value Trap.

Key valuation signals for XBUL:FPP:

  • Cyclically Adjusted Revenue per Share: €0.18
  • GF Value™: €0.87 vs. price of €0.51 (41.4% below fair value)
  • GF Score™: 52/100 with 4 warning signs

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


FairPlay Properties REIT Business Description

Industry Real EstateREITs
Address 51B Cherni Vruh Boulevard, Sofia, BGR, 1407
FairPlay Properties REIT is a real estate investment trust. The company's portfolio consists of apartment complexes, hotels, commercial buildings, residential buildings, and offices among others. Some of its projects are Fodder Kitchen, Fodder Plant, Moderato Restaurant, Greenville Hotel and Apartment Houses, and others.
52GF Score

Get the complete analysis for XBUL:FPP

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

€0.51
Price
€0.87
GF Value