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Artisan Partners Asset Management (FRA:AP0) Cyclically Adjusted PS Ratio : 1.91 (As of Jun. 05, 2024)


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What is Artisan Partners Asset Management Cyclically Adjusted PS Ratio?

As of today (2024-06-05), Artisan Partners Asset Management's current share price is €39.60. Artisan Partners Asset Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €20.78. Artisan Partners Asset Management's Cyclically Adjusted PS Ratio for today is 1.91.

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

FRA:AP0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.57   Max: 2.43
Current: 1.95

During the past years, Artisan Partners Asset Management's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.88. And the median was 1.57.

FRA:AP0's Cyclically Adjusted PS Ratio is ranked better than
80.64% of 873 companies
in the Asset Management industry
Industry Median: 7.69 vs FRA:AP0: 1.95

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.

Artisan Partners Asset Management's adjusted revenue per share data for the three months ended in Mar. 2024 was €3.779. 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 €20.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artisan Partners Asset Management Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Artisan Partners Asset 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.

Artisan Partners Asset Management Cyclically Adjusted PS Ratio Chart

Artisan Partners Asset Management 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 1.47 2.23 1.88 1.13 1.92

Artisan Partners Asset Management 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 1.24 1.57 1.55 1.92 2.04

Competitive Comparison of Artisan Partners Asset Management's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Artisan Partners Asset 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.


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

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

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



Artisan Partners Asset 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.

Artisan Partners Asset Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.60/20.78
=1.91

* 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.

Artisan Partners Asset Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Artisan Partners Asset Management'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)
=3.779/131.7762*131.7762
=3.779

Current CPI (Mar. 2024) = 131.7762.

Artisan Partners Asset Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.513 100.560 7.224
201409 5.427 100.428 7.121
201412 5.300 99.070 7.050
201503 5.764 99.621 7.624
201506 5.238 100.684 6.856
201509 4.850 100.392 6.366
201512 4.803 99.792 6.342
201603 4.239 100.470 5.560
201606 4.231 101.688 5.483
201609 4.244 101.861 5.490
201612 4.422 101.863 5.721
201703 4.196 102.862 5.375
201706 3.861 103.349 4.923
201709 3.740 104.136 4.733
201712 3.839 104.011 4.864
201803 3.630 105.290 4.543
201806 3.706 106.317 4.593
201809 3.691 106.507 4.567
201812 3.393 105.998 4.218
201903 3.300 107.251 4.055
201906 3.467 108.070 4.228
201909 3.582 108.329 4.357
201912 3.629 108.420 4.411
202003 3.446 108.902 4.170
202006 3.225 108.767 3.907
202009 3.503 109.815 4.204
202012 3.766 109.897 4.516
202103 4.154 111.754 4.898
202106 4.230 114.631 4.863
202109 4.486 115.734 5.108
202112 4.577 117.630 5.127
202203 4.043 121.301 4.392
202206 3.814 125.017 4.020
202209 3.778 125.227 3.976
202212 3.390 125.222 3.567
202303 3.463 127.348 3.583
202306 3.530 128.729 3.614
202309 3.666 129.860 3.720
202312 3.590 129.419 3.655
202403 3.779 131.776 3.779

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.


Artisan Partners Asset Management  (FRA:AP0) 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.


Artisan Partners Asset Management Cyclically Adjusted PS Ratio Related Terms

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


Artisan Partners Asset Management (FRA:AP0) Business Description

Traded in Other Exchanges
Address
875 East Wisconsin Avenue, Suite 800, Milwaukee, WI, USA, 53202
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.

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