Originally, it was an adjective, but it’s usually used as a noun meaning a newspaper, magazine, or professional journal. The adjective from the same Latin root is generally “periodic” in modern English. Note that most adjectives cannot be used as a noun.
In your example, we know it’s a noun in context, since the article “the” is used, there is no noun following “periodical,” and “the periodical” is the subject of the verb “includes.” If “periodical” were an adjective, it would be followed by a noun, which is not the case in your example.