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Impax Asset Management Group (LSE:IPX) Cyclically Adjusted PS Ratio : 5.85 (As of Jun. 10, 2024)


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What is Impax Asset Management Group Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Impax Asset Management Group's current share price is £4.21. Impax Asset Management Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep23 was £0.72. Impax Asset Management Group's Cyclically Adjusted PS Ratio for today is 5.85.

The historical rank and industry rank for Impax Asset Management Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:IPX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.93   Med: 8.89   Max: 39.09
Current: 5.81

During the past 13 years, Impax Asset Management Group's highest Cyclically Adjusted PS Ratio was 39.09. The lowest was 2.93. And the median was 8.89.

LSE:IPX's Cyclically Adjusted PS Ratio is ranked better than
59.25% of 876 companies
in the Asset Management industry
Industry Median: 7.75 vs LSE:IPX: 5.81

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Impax Asset Management Group's adjusted revenue per share data of for the fiscal year that ended in Sep23 was £1.352. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is £0.72 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Impax Asset Management Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Impax Asset Management Group'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.

Impax Asset Management Group Cyclically Adjusted PS Ratio Chart

Impax Asset Management Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.68 15.46 27.06 9.16 6.33

Impax Asset Management Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 - 9.16 - 6.33 -

Competitive Comparison of Impax Asset Management Group's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Impax Asset Management Group'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.


Impax Asset Management Group's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Impax Asset Management Group's Cyclically Adjusted PS Ratio falls into.



Impax Asset Management Group 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.

Impax Asset Management Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.21/0.72
=5.85

* 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.

Impax Asset Management Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Impax Asset Management Group's adjusted Revenue per Share data for the fiscal year that ended in Sep23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=1.352/130.1000*130.1000
=1.352

Current CPI (Sep23) = 130.1000.

Impax Asset Management Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201409 0.173 100.000 0.225
201509 0.170 100.200 0.221
201609 0.184 101.500 0.236
201709 0.283 104.300 0.353
201809 0.549 106.600 0.670
201909 0.594 108.400 0.713
202009 0.695 109.200 0.828
202109 1.078 112.400 1.248
202209 1.318 122.300 1.402
202309 1.352 130.100 1.352

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.


Impax Asset Management Group  (LSE:IPX) 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.


Impax Asset Management Group Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Impax Asset Management Group's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Impax Asset Management Group (LSE:IPX) Business Description

Traded in Other Exchanges
Address
30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.

Impax Asset Management Group (LSE:IPX) Headlines