GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montanaro UK Smaller Companies Inv Tr PLC (CHIX:MTUl) » Definitions » Cyclically Adjusted PS Ratio

Montanaro UK Smaller Inv Tr (CHIX:MTUL) Cyclically Adjusted PS Ratio : (As of Jun. 09, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Montanaro UK Smaller Inv Tr Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Montanaro UK Smaller Inv Tr Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Montanaro UK Smaller Inv Tr's Cyclically Adjusted 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.

* Premium members only.

Montanaro UK Smaller Inv Tr Cyclically Adjusted PS Ratio Chart

Montanaro UK Smaller Inv Tr Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.35 11.24 14.47 13.18 17.11

Montanaro UK Smaller Inv Tr Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cyclically Adjusted 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 Premium Member Only - 13.18 - 17.11 -

Competitive Comparison of Montanaro UK Smaller Inv Tr's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Montanaro UK Smaller Inv Tr'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.


Montanaro UK Smaller Inv Tr's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Montanaro UK Smaller Inv Tr's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Montanaro UK Smaller Inv Tr's Cyclically Adjusted PS Ratio falls into.



Montanaro UK Smaller Inv Tr Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Montanaro UK Smaller Inv Tr's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Montanaro UK Smaller Inv Tr's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.015/130.1000*130.1000
=-0.015

Current CPI (Sep. 2023) = 130.1000.

Montanaro UK Smaller Inv Tr Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200403 0.042 77.300 0.071
200409 0.017 77.900 0.028
200503 0.078 78.800 0.129
200509 0.085 79.900 0.138
200603 0.114 80.400 0.184
200609 0.006 81.900 0.010
200703 0.138 82.800 0.217
200709 -0.027 83.500 -0.042
200803 -0.083 84.900 -0.127
200809 -0.079 87.500 -0.117
200903 -0.127 87.300 -0.189
200909 0.181 88.300 0.267
201003 0.061 89.400 0.089
201009 0.134 90.400 0.193
201103 0.127 92.600 0.178
201109 -0.048 94.500 -0.066
201203 0.093 95.400 0.127
201209 0.063 96.400 0.085
201303 0.138 97.800 0.184
201309 0.044 98.700 0.058
201403 0.090 99.300 0.118
201409 -0.116 100.000 -0.151
201503 0.088 99.600 0.115
201509 0.014 100.200 0.018
201603 -0.014 100.400 -0.018
201609 0.076 101.500 0.097
201703 0.069 102.700 0.087
201709 0.163 104.300 0.203
201803 -0.043 105.100 -0.053
201809 0.091 106.600 0.111
201903 -0.106 107.000 -0.129
201909 0.046 108.400 0.055
202003 -0.141 108.600 -0.169
202009 0.194 109.200 0.231
202103 0.209 109.700 0.248
202109 0.274 112.400 0.317
202203 -0.335 116.500 -0.374
202209 -0.285 122.300 -0.303
202303 0.127 126.800 0.130
202309 -0.015 130.100 -0.015

Add all the adjusted revenue per share together and divide 10 will get our 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.


Montanaro UK Smaller Inv Tr  (CHIX:MTUl) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Montanaro UK Smaller Inv Tr Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Montanaro UK Smaller Inv Tr's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Montanaro UK Smaller Inv Tr (CHIX:MTUL) Business Description

Traded in Other Exchanges
Address
65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ
Montanaro UK Smaller Companies Inv Tr PLC is a United Kingdom-based company. Its investment objective is capital appreciation through investing in small quoted companies, which are listed on the London Stock Exchange or traded on the Alternative Investment Market ( AIM) and to outperform its benchmark, the Numis Smaller Companies Index. The company seeks to achieve its objective by investing in a diversified portfolio of quoted UK small companies.

Montanaro UK Smaller Inv Tr (CHIX:MTUL) Headlines