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Invesco Bondome Plus (LSE:BIPS) Cyclically Adjusted PS Ratio : 15.50 (As of Jun. 04, 2024)


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What is Invesco Bondome Plus Cyclically Adjusted PS Ratio?

As of today (2024-06-04), Invesco Bondome Plus's current share price is £1.705. Invesco Bondome Plus's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £0.11. Invesco Bondome Plus's Cyclically Adjusted PS Ratio for today is 15.50.

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

LSE:BIPS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.73   Med: 13.38   Max: 16.7
Current: 15.25

During the past 13 years, Invesco Bondome Plus's highest Cyclically Adjusted PS Ratio was 16.70. The lowest was 8.73. And the median was 13.38.

LSE:BIPS's Cyclically Adjusted PS Ratio is ranked worse than
81.7% of 869 companies
in the Asset Management industry
Industry Median: 7.64 vs LSE:BIPS: 15.25

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.

Invesco Bondome Plus's adjusted revenue per share data of for the fiscal year that ended in Dec23 was £0.184. 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 £0.11 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Bondome Plus Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Invesco Bondome Plus'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 Bondome Plus Cyclically Adjusted PS Ratio Chart

Invesco Bondome Plus 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 13.25 14.54 11.89 13.80 15.29

Invesco Bondome Plus Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 11.89 - 13.80 - 15.29

Competitive Comparison of Invesco Bondome Plus's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Invesco Bondome Plus'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 Bondome Plus's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Invesco Bondome Plus 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 Bondome Plus's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.705/0.11
=15.50

* 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.

Invesco Bondome Plus's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Invesco Bondome Plus's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.184/129.4194*129.4194
=0.184

Current CPI (Dec23) = 129.4194.

Invesco Bondome Plus Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.097 99.070 0.127
201512 0.053 99.792 0.069
201612 0.217 101.863 0.276
201712 0.164 104.011 0.204
201812 -0.063 105.998 -0.077
201912 0.238 108.420 0.284
202012 0.128 109.897 0.151
202112 0.098 117.630 0.108
202212 -0.200 125.222 -0.207
202312 0.184 129.419 0.184

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 Bondome Plus  (LSE:BIPS) 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 Bondome Plus Cyclically Adjusted PS Ratio Related Terms

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


Invesco Bondome Plus (LSE:BIPS) Business Description

Traded in Other Exchanges
Address
28 Esplanade, P.O. Box 1075, Saint Helier, JEY, JE4 2QP
Invesco Bond Income Plus Ltd is a closed-end investment company with an objective to achieve high income and capital growth from investment in fixed-interest securities. Its products include investment trusts, multi-asset funds, and UK equities. The company invests in bonds, along with other fixed-income securities, equities, and equity-like instruments. Its portfolio consists of investments made in oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, utility, telecommunications, financials, and technology sectors. It operates in a single segment of the business of investing in debt and, to a significantly lesser extent, equity securities.

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