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Calamos Asset Management (FRA:FND) Cyclically Adjusted PS Ratio : (As of May. 26, 2024)


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What is Calamos Asset Management Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Calamos Asset Management Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Calamos 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.

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Calamos Asset Management Cyclically Adjusted PS Ratio Chart

Calamos Asset Management Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PS Ratio
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Calamos Asset Management Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Calamos Asset Management's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Calamos 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.


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

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

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



Calamos 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.

Calamos Asset Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Calamos Asset Management's adjusted Revenue per Share data for the three months ended in Sep. 2016 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=2.512/101.8610*101.8610
=2.512

Current CPI (Sep. 2016) = 101.8610.

Calamos Asset Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200612 0.914 85.142 1.093
200703 0.867 86.640 1.019
200706 0.853 87.906 0.988
200709 0.858 87.964 0.994
200712 0.858 88.616 0.986
200803 0.730 90.090 0.825
200806 0.744 92.320 0.821
200809 0.733 92.307 0.809
200812 0.508 88.697 0.583
200903 2.310 89.744 2.622
200906 2.396 91.003 2.682
200909 2.520 91.120 2.817
200912 2.795 91.111 3.125
201003 2.971 91.821 3.296
201006 3.258 91.962 3.609
201009 2.970 92.162 3.283
201012 3.221 92.474 3.548
201103 3.153 94.283 3.406
201106 3.128 95.235 3.346
201109 3.047 95.727 3.242
201112 3.037 95.213 3.249
201203 3.126 96.783 3.290
201206 3.167 96.819 3.332
201209 3.053 97.633 3.185
201212 2.824 96.871 2.969
201303 2.629 98.209 2.727
201306 2.447 98.518 2.530
201309 2.383 98.790 2.457
201312 2.386 98.326 2.472
201403 2.334 99.695 2.385
201406 2.434 100.560 2.466
201409 2.625 100.428 2.662
201412 2.584 99.070 2.657
201503 2.837 99.621 2.901
201506 2.885 100.684 2.919
201509 2.819 100.392 2.860
201512 2.792 99.792 2.850
201603 2.602 100.470 2.638
201606 2.514 101.688 2.518
201609 2.512 101.861 2.512

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.


Calamos Asset Management  (FRA:FND) 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.


Calamos Asset Management Cyclically Adjusted PS Ratio Related Terms

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Calamos Asset Management (FRA:FND) Business Description

Traded in Other Exchanges
N/A
Address
Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. It is an asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The Company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments. The Company currently offers four types of investment products that fall into the categories of mutual funds and separate accounts. Funds include its open-end and closed-end funds as well as its Offshore Funds. The Company includes the Offshore Funds in open-end funds for reporting purposes. Separate accounts are individual portfolios of securities managed to meet clients specific needs and include institutional accounts and managed accounts. The Company competes in all aspects of its business with a large number of investment management firms, commercial banks, broker-dealers and insurance companies. In the United States and other countries in which it does business, it is subject to regulations and laws at both a federal and state level, including U.S. federal, state and local tax laws as well as similar foreign jurisdiction tax laws.