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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.
Asset PlusNZSE:APL 43 Median PS Value is NZ$0.12 as of Jul. 15, 2026, which is 100% below its 10-year median of 1.42. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 409 REITs companies, Asset Plus ranks worse than 90.95% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Asset Plus's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$0.018. Asset Plus's 10-Year median PS Ratio is 6.6667. Therefore, the Median PS Value for today is NZ$0.12.
As of today (2026-07-15), Asset Plus's share price is NZ$0.167. Asset Plus's Median PS Value is NZ$0.12. Therefore, Asset Plus's Price to Median PS Value for today is 1.39.
The historical rank and industry rank for Asset Plus's Median PS Value or its related term are showing as below:
NZSE:APL'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.72 Med: 1.42 Max: 2.5
Current: 1.39
During the past 13 years, the highest Price to Median PS Value of Asset Plus was 2.50. The lowest was 0.72. And the median was 1.42.
NZSE:APL's Price-to-Median-PS-Value is ranked worse than 90.95% of 409
companies
in the REITs industry
Industry Median: 0.87
vs NZSE:APL: 1.39
Asset Plus (NZSE:APL) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Asset Plus's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
0.167
/
0.12
=
1.39
* 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.
Asset Plus Median PS Value Related Terms
Asset Plus Median PS Value Historical Data
* Premium members only.
The historical data trend for Asset Plus's Median PS Value 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.
NZSE:APL vs VICI, WPC, BNL: Median PS Value Comparison
For the REIT - Diversified subindustry, Asset Plus's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Asset Plus Price-to-Median-PS-Value vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Asset Plus's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 6.6667.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$0.018.
* 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.
Asset Plus (NZSE:APL) has a Median PS Value of NZ$0.12 as of Jul. 15, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Asset Plus and its competitors. This is 92% below median its historical median of 1.42. Over the past decade, Asset Plus' Median PS Value has ranged from 0.72 to 2.50. According to the industry distribution chart, Asset Plus ranks #372 out of 409 companies in the REITs industry, placing it in the top 91%.
Is Asset Plus' Median PS Value too high?
Asset Plus' current Median PS Value of NZ$0.12 is 92% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.50. Based on the distribution chart, Asset Plus ranks #372 out of 409 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Median PS Value compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #372 out of 409 companies for Median PS Value. This places Asset Plus in the lower half of its industry. The industry median Median PS Value is 0.87. Historically, Asset Plus' own Median PS Value has ranged from 0.72 to 2.50 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a REITs company?
The median Median PS Value among REITs companies is 0.87, based on 409 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Asset Plus and its competitors. For the REITs industry, the median Median PS Value is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Median PS Value is NZ$0.12, which is 92% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Median PS Value is NZ$0.12, which is 92% below median its 10-year median of 1.42. Asset Plus' overall GF Score™ is 43/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Asset Plus (NZSE:APL), the current Median PS Value is NZ$0.12 as of Jul. 15, 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Median PS Value: NZ$0.12 (92% below median its 10-year median of 1.42)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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