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Highwoods PropertiesFRA:HQS +2.78%69 PS Ratio is 4.67 as of Jul. 26, 2026, which is 16% below its 10-year median of 5.58. GuruFocus rates FRA:HQS with a GF Score™ of 69/100 and a GF Value™ of €22.83 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 913 REITs companies, Highwoods Properties ranks better than 70.87% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Highwoods Properties's share price is €29.60.
Highwoods Properties's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €6.34. Hence, Highwoods Properties's PS Ratio for today is 4.67.
Warning Sign:
Highwoods Properties Inc stock PS Ratio (=4.56) is close to 3-year high of 4.75.
The historical rank and industry rank for Highwoods Properties's PS Ratio or its related term are showing as below:
FRA:HQS'
s PS Ratio Range Over the Past 10 Years
Min: 2.29 Med: 5.58 Max: 8.59
Current: 4.56
During the past 13 years, Highwoods Properties's highest PS Ratio was 8.59. The lowest was 2.29. And the median was 5.58.
FRA:HQS's PS Ratio is ranked better than 70.87% of 913
companies
in the REITs industry
Industry Median: 6.64
vs FRA:HQS: 4.56
Highwoods Properties Inc revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Highwoods Properties was -1.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -1.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 1.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.00% per year.
During the past 13 years, Highwoods Properties's highest 3-Year average Revenue per Share Growth Rate was 47.50% per year. The lowest was -9.70% per year. And the median was 1.20% per year.
Back to Basics: PS Ratio
Highwoods Properties (FRA:HQS) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Highwoods Properties PS Ratio Related Terms
Highwoods Properties PS Ratio Historical Data
* Premium members only.
The historical data trend for Highwoods Properties's PS Ratio 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.
For the REIT - Office subindustry, Highwoods Properties's PS Ratio, along with its competitors' market caps and 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.
Highwoods Properties PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Highwoods Properties's PS Ratio distribution charts can be found below:
* The bar in red indicates where Highwoods Properties's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Highwoods Properties's Share Price of today is €29.60. Highwoods Properties's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.34.
* 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.
It can also be calculated from the numbers for the whole company:
Highwoods Properties (FRA:HQS) has a PS Ratio of 4.67 as of Jul. 26, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Highwoods Properties and its competitors. This is 16% below median its historical median of 5.58. Over the past decade, Highwoods Properties' PS Ratio has ranged from 2.29 to 8.59. According to the industry distribution chart, Highwoods Properties ranks #266 out of 913 companies in the REITs industry, placing it in the top 29.1%.
Is Highwoods Properties' PS Ratio too high?
Highwoods Properties' current PS Ratio of 4.67 is 16% below median its 10-year median of 5.58. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 8.59. The REITs industry median PS Ratio is 6.64. Highwoods Properties' value of 4.67 is 29.7% below this industry median. Based on the distribution chart, Highwoods Properties ranks #266 out of 913 companies in the REITs industry, which is above the industry midpoint. Overall, Highwoods Properties has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highwoods Properties' PS Ratio compare to SLG and CDP?
According to the REITs industry distribution chart, Highwoods Properties ranks #266 out of 913 companies for PS Ratio. This puts Highwoods Properties in the upper half of its industry. The industry median PS Ratio is 6.64. Highwoods Properties' value of 4.67 is 29.7% below this benchmark. Historically, Highwoods Properties' own PS Ratio has ranged from 2.29 to 8.59 over the past decade. While the company's 10-year median is 5.58 vs. the industry median of 6.64, Highwoods Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.64, based on 913 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highwoods Properties's current PS Ratio of 4.67 is 29.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Highwoods Properties and its competitors. For the REITs industry, the median PS Ratio is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwoods Properties's current PS Ratio is 4.67, which is 16% below median its own 10-year median of 5.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwoods Properties stock overvalued right now?
Based on GuruFocus' analysis, Highwoods Properties (FRA:HQS) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.83, compared to a current price of €29.60 — trading 29.7% above its estimated fair value. The current PS Ratio is 4.67, which is 16% below median its 10-year median of 5.58 and 29.7% below the REITs industry median of 6.64. Highwoods Properties' overall GF Score™ is 69/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Highwoods Properties (FRA:HQS), the current PS Ratio is 4.67 as of Jul. 26, 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 Highwoods Properties (FRA:HQS) Overvalued in 2026?
Based on GuruFocus' analysis, Highwoods Properties stock appears to be overvalued.
The current stock price of €29.60 is trading 29.7% above its estimated GF Value™ of €22.83.
GuruFocus considers Highwoods Properties to be Modestly Overvalued.
Key valuation signals for FRA:HQS:
PS Ratio: 4.67 (16% below median its 10-year median of 5.58)
GF Value™: €22.83 vs. price of €29.60 (29.7% above fair value)
Industry Position: 29.7% below the REITs median (#266 of 913)
No single metric tells the full story. See the FRA:HQS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highwoods Properties Inc is a fully integrated office REIT that owns, develops, acquires, leases, and manages office properties mainly in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. Its principal business is the operation, acquisition, and development of rental office properties, with no material inter-segment transactions. The Company evaluates performance by geographic location, and the operating results by geographic grouping are regularly reviewed by the chief operating decision maker. The core portfolio consists mainly of office properties in its key markets, with the majority of revenue derived from its Raleigh properties.
69GF Score
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