Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) PS Ratio: 0.03 (As of Aug. 16, 2026) — 83% Below Median

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What is Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio?

Starlight US Residential Fund (Multi-Family) Investment LP TSXV:SURF.UN -12.50% PS Ratio is 0.03 as of Aug. 16, 2026, which is 83% below its 10-year median of 0.18. The stock has 5 warning signs investors should review. Among 904 REITs companies, Starlight US Residential Fund (Multi-Family) Investment LP ranks better than 99.78% 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, Starlight US Residential Fund (Multi-Family) Investment LP's share price is C$0.035. Starlight US Residential Fund (Multi-Family) Investment LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$1.20. Hence, Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio for today is 0.03.

Good Sign:

Starlight US Residential Fund (Multi-Family) Investment LP stock PS Ratio (=0.03) is close to 3-year low of 0.03.

The historical rank and industry rank for Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio or its related term are showing as below:

TSXV:SURF.UN' s PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.18   Max: 2.21
Current: 0.03

During the past 5 years, Starlight US Residential Fund (Multi-Family) Investment LP's highest PS Ratio was 2.21. The lowest was 0.03. And the median was 0.18.

TSXV:SURF.UN's PS Ratio is ranked better than
99.78% of 904 companies
in the REITs industry
Industry Median: 6.475 vs TSXV:SURF.UN: 0.03

Starlight US Residential Fund (Multi-Family) Investment LP's Revenue per Sharefor the three months ended in Mar. 2026 was C$0.23. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$1.20.

Warning Sign:

Starlight US Residential Fund (Multi-Family) Investment LP 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 Starlight US Residential Fund (Multi-Family) Investment LP was -35.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was -3.50% per year.

During the past 5 years, Starlight US Residential Fund (Multi-Family) Investment LP's highest 3-Year average Revenue per Share Growth Rate was 154.60% per year. The lowest was -3.50% per year. And the median was 75.55% per year.

Back to Basics: PS Ratio


Starlight US Residential Fund (Multi-Family) Investment LP  (TSXV:SURF.UN) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio Related Terms


Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio Historical Data

* Premium members only.

The historical data trend for Starlight US Residential Fund (Multi-Family) Investment LP'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.

Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio Chart

Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
0.00 0.00 0.00 1.11 0.07

Starlight US Residential Fund (Multi-Family) Investment LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PS Ratio 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 0.53 0.15 0.12 0.07 0.12

TSXV:SURF.UN vs AVB, EQR, ESS: PS Ratio Comparison

For the REIT - Residential subindustry, Starlight US Residential Fund (Multi-Family) Investment LP'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.


Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio distribution charts can be found below:

* The bar in red indicates where Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio falls into.



Starlight US Residential Fund (Multi-Family) Investment LP PS Ratio Calculation

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.

Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=0.035/1.203
=0.03

Starlight US Residential Fund (Multi-Family) Investment LP's Share Price of today is C$0.035.
Starlight US Residential Fund (Multi-Family) Investment LP'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 C$1.20.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 0.03 mean?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a PS Ratio of 0.03 as of Aug. 16, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. This is 83% below median its historical median of 0.18. Over the past decade, Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio has ranged from 0.03 to 2.21. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #2 out of 904 companies in the REITs industry, placing it in the top 0.2%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current PS Ratio of 0.03 is 83% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 2.21. The REITs industry median PS Ratio is 6.48. Starlight US Residential Fund (Multi-Family) Investment LP's value of 0.03 is 99.5% below this industry median. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #2 out of 904 companies in the REITs industry, which is in the top quartile — a strong position relative to peers.
How does Starlight US Residential Fund (Multi-Family) Investment LP's PS Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #2 out of 904 companies for PS Ratio. This places Starlight US Residential Fund (Multi-Family) Investment LP in the top 0% of its industry — outperforming the majority of peers. The industry median PS Ratio is 6.48. Starlight US Residential Fund (Multi-Family) Investment LP's value of 0.03 is 99.5% below this benchmark. Historically, Starlight US Residential Fund (Multi-Family) Investment LP's own PS Ratio has ranged from 0.03 to 2.21 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 6.48, Starlight US Residential Fund (Multi-Family) Investment LP 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 6.48, based on 904 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. Starlight US Residential Fund (Multi-Family) Investment LP's current PS Ratio of 0.03 is 99.5% 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 Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median PS Ratio is 6.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlight US Residential Fund (Multi-Family) Investment LP's current PS Ratio is 0.03, which is 83% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlight US Residential Fund (Multi-Family) Investment LP stock overvalued right now?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a current PS Ratio of 0.03. The current PS Ratio is 0.03, which is 83% below median its 10-year median of 0.18 and 99.5% below the REITs industry median of 6.48. 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 Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current PS Ratio is 0.03 as of Aug. 16, 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.

Starlight US Residential Fund (Multi-Family) Investment LP Business Description

Industry Real EstateREITs
Address 3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
Starlight US Residential Fund (Multi-Family) Investment LP is a "closed-end" trust. It operates as a real estate investment and asset management company that acquires, owns, and operates a portfolio of multifamily properties and single-family rental homes. The company evaluates properties based on pricing and local supply-and-demand conditions in relation to the fund's stated performance targets. Its portfolio includes properties located in Arizona, Florida, and North Carolina.