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RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) PS Ratio : 16.54 (As of May. 12, 2024)


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What is RiverNorth Flexible Municipalome Fund PS Ratio?

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, RiverNorth Flexible Municipalome Fund's share price is $16.18. RiverNorth Flexible Municipalome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.98. Hence, RiverNorth Flexible Municipalome Fund's PS Ratio for today is 16.54.

Warning Sign:

RiverNorth Flexible Municipal Income Fund Inc stock PS Ratio (=27.85) is close to 5-year high of 28.02

The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's PS Ratio or its related term are showing as below:

RFM' s PS Ratio Range Over the Past 10 Years
Min: 3.61   Med: 12.01   Max: 28.02
Current: 16.54

During the past 4 years, RiverNorth Flexible Municipalome Fund's highest PS Ratio was 28.02. The lowest was 3.61. And the median was 12.01.

RFM's PS Ratio is ranked worse than
71.87% of 1422 companies
in the Asset Management industry
Industry Median: 8.645 vs RFM: 16.54

RiverNorth Flexible Municipalome Fund's Revenue per Sharefor the six months ended in Dec. 2023 was $0.55. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.98.

Warning Sign:

RiverNorth Flexible Municipal Income Fund Inc revenue per share has been in decline over the past 3 years.

During the past 3 years, the average Revenue per Share Growth Rate was -30.90% per year.

During the past 4 years, RiverNorth Flexible Municipalome Fund's highest 3-Year average Revenue per Share Growth Rate was -30.90% per year. The lowest was -30.90% per year. And the median was -30.90% per year.

Back to Basics: PS Ratio


RiverNorth Flexible Municipalome Fund PS Ratio Historical Data

The historical data trend for RiverNorth Flexible Municipalome Fund'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.

* Premium members only.

RiverNorth Flexible Municipalome Fund PS Ratio Chart

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21 Jun22 Jun23
PS Ratio
11.14 5.33 - 27.37

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
PS Ratio Get a 7-Day Free Trial - - - 27.37 -

Competitive Comparison of RiverNorth Flexible Municipalome Fund's PS Ratio

For the Asset Management subindustry, RiverNorth Flexible Municipalome Fund'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.


RiverNorth Flexible Municipalome Fund's PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's PS Ratio distribution charts can be found below:

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's PS Ratio falls into.



RiverNorth Flexible Municipalome Fund 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.

RiverNorth Flexible Municipalome Fund's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=16.18/0.978
=16.54

RiverNorth Flexible Municipalome Fund's Share Price of today is $16.18.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. RiverNorth Flexible Municipalome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.98.

* 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.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 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.


RiverNorth Flexible Municipalome Fund PS Ratio Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
Executives
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc other: Investment Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Petty other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David Dowden other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Brian H Schmucker other: Officer of Investment Adviser 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John K Carter director 433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607
Jonathan M. Mohrhardt other: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654

RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Headlines

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