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Invesco Mortgage Capital (STU:7M20) Cyclically Adjusted PS Ratio : (As of May. 26, 2024)


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What is Invesco Mortgage Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Mortgage Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Cyclically Adjusted PS Ratio Chart

Invesco Mortgage Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.82 5.23 13.45 - -

Invesco Mortgage Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 - - - - -

Competitive Comparison of Invesco Mortgage Capital's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.


Invesco Mortgage Capital's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Invesco Mortgage Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Invesco Mortgage Capital's Cyclically Adjusted PS Ratio falls into.



Invesco Mortgage Capital 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.

Invesco Mortgage Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Invesco Mortgage Capital's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.645/131.7762*131.7762
=0.645

Current CPI (Mar. 2024) = 131.7762.

Invesco Mortgage Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 -3.231 100.560 -4.234
201409 0.778 100.428 1.021
201412 -5.010 99.070 -6.664
201503 -0.344 99.621 -0.455
201506 10.204 100.684 13.355
201509 -9.216 100.392 -12.097
201512 9.463 99.792 12.496
201603 -11.117 100.470 -14.581
201606 0.376 101.688 0.487
201609 9.911 101.861 12.822
201612 15.220 101.863 19.690
201703 8.112 102.862 10.392
201706 4.648 103.349 5.926
201709 5.238 104.136 6.628
201712 10.945 104.011 13.867
201803 4.428 105.290 5.542
201806 7.804 106.317 9.673
201809 -3.286 106.507 -4.066
201812 -11.829 105.998 -14.706
201903 10.953 107.251 13.458
201906 1.995 108.070 2.433
201909 6.632 108.329 8.067
201912 8.150 108.420 9.906
202003 -92.220 108.902 -111.591
202006 -14.840 108.767 -17.979
202009 4.575 109.815 5.490
202012 5.654 109.897 6.780
202103 -0.122 111.754 -0.144
202106 -2.148 114.631 -2.469
202109 1.856 115.734 2.113
202112 -1.605 117.630 -1.798
202203 -6.089 121.301 -6.615
202206 -2.926 125.017 -3.084
202209 -2.835 125.227 -2.983
202212 1.073 125.222 1.129
202303 0.626 127.348 0.648
202306 0.204 128.729 0.209
202309 -1.306 129.860 -1.325
202312 0.606 129.419 0.617
202403 0.645 131.776 0.645

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.


Invesco Mortgage Capital  (STU:7M20) 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.


Invesco Mortgage Capital Cyclically Adjusted PS Ratio Related Terms

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


Invesco Mortgage Capital (STU:7M20) Business Description

Traded in Other Exchanges
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.

Invesco Mortgage Capital (STU:7M20) Headlines

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