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AGF Management (FRA:A3J) Cyclically Adjusted PS Ratio : 1.33 (As of May. 26, 2024)


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What is AGF Management Cyclically Adjusted PS Ratio?

As of today (2024-05-26), AGF Management's current share price is €5.65. AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €4.25. AGF Management's Cyclically Adjusted PS Ratio for today is 1.33.

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

FRA:A3J' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.09   Max: 1.93
Current: 1.37

During the past years, AGF Management's highest Cyclically Adjusted PS Ratio was 1.93. The lowest was 0.45. And the median was 1.09.

FRA:A3J's Cyclically Adjusted PS Ratio is ranked better than
85.62% of 869 companies
in the Asset Management industry
Industry Median: 7.56 vs FRA:A3J: 1.37

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.

AGF Management's adjusted revenue per share data for the three months ended in Feb. 2024 was €1.172. 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 €4.25 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGF Management Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AGF Management'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.

AGF Management Cyclically Adjusted PS Ratio Chart

AGF Management Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.99 1.34 1.10 1.15

AGF Management Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.53 1.12 1.25 1.15 1.28

Competitive Comparison of AGF Management's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, AGF Management'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.


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

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

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



AGF Management 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.

AGF Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.65/4.25
=1.33

* 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.

AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AGF Management's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.172/125.4675*125.4675
=1.172

Current CPI (Feb. 2024) = 125.4675.

AGF Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.877 99.394 1.107
201408 0.892 99.315 1.127
201411 0.849 99.078 1.075
201502 0.867 99.078 1.098
201505 0.947 100.263 1.185
201508 0.876 100.579 1.093
201511 0.858 100.421 1.072
201602 0.801 100.421 1.001
201605 0.882 101.765 1.087
201608 0.892 101.686 1.101
201611 0.864 101.607 1.067
201702 0.900 102.476 1.102
201705 0.878 103.108 1.068
201708 0.866 103.108 1.054
201711 0.846 103.740 1.023
201802 0.835 104.688 1.001
201805 0.866 105.399 1.031
201808 0.872 106.031 1.032
201811 0.833 105.478 0.991
201902 0.774 106.268 0.914
201905 0.841 107.927 0.978
201908 0.825 108.085 0.958
201911 0.890 107.769 1.036
202002 0.852 108.559 0.985
202005 0.737 107.532 0.860
202008 0.791 108.243 0.917
202011 0.851 108.796 0.981
202102 0.957 109.745 1.094
202105 1.041 111.404 1.172
202108 1.071 112.668 1.193
202111 1.161 113.932 1.279
202202 1.121 115.986 1.213
202205 1.197 120.016 1.251
202208 1.192 120.569 1.240
202211 1.157 121.675 1.193
202302 1.151 122.070 1.183
202305 1.164 124.045 1.177
202308 1.138 125.389 1.139
202311 1.084 125.468 1.084
202402 1.172 125.468 1.172

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.


AGF Management  (FRA:A3J) 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.


AGF Management Cyclically Adjusted PS Ratio Related Terms

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


AGF Management (FRA:A3J) Business Description

Traded in Other Exchanges
Address
81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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