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Invesco Mortgage Capital (LTS:0JD3) Cyclically Adjusted PS Ratio : (As of Jun. 13, 2024)


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What is Invesco Mortgage Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Mortgage Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Invesco Mortgage Capital'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 Mortgage Capital Cyclically Adjusted PS Ratio Chart

Invesco Mortgage Capital 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 7.82 5.23 13.45 - -

Invesco Mortgage Capital 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 - - - - -

Competitive Comparison of Invesco Mortgage Capital's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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 Mortgage Capital's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Invesco Mortgage Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Invesco Mortgage Capital 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 Mortgage Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Invesco Mortgage Capital'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)
=0.701/131.7762*131.7762
=0.701

Current CPI (Mar. 2024) = 131.7762.

Invesco Mortgage Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 -4.390 100.560 -5.753
201409 1.002 100.428 1.315
201412 -6.178 99.070 -8.218
201503 -0.372 99.621 -0.492
201506 11.453 100.684 14.990
201509 -10.343 100.392 -13.576
201512 10.309 99.792 13.613
201603 -12.380 100.470 -16.238
201606 0.423 101.688 0.548
201609 11.124 101.861 14.391
201612 16.055 101.863 20.770
201703 8.676 102.862 11.115
201706 5.223 103.349 6.660
201709 6.243 104.136 7.900
201712 12.953 104.011 16.411
201803 5.459 105.290 6.832
201806 9.117 106.317 11.300
201809 -3.835 106.507 -4.745
201812 -13.457 105.998 -16.730
201903 12.376 107.251 15.206
201906 2.254 108.070 2.748
201909 7.304 108.329 8.885
201912 9.056 108.420 11.007
202003 -101.901 108.902 -123.305
202006 -16.712 108.767 -20.247
202009 5.388 109.815 6.466
202012 6.879 109.897 8.249
202103 -0.145 111.754 -0.171
202106 -2.588 114.631 -2.975
202109 2.184 115.734 2.487
202112 -1.814 117.630 -2.032
202203 -6.706 121.301 -7.285
202206 -3.093 125.017 -3.260
202209 -2.807 125.227 -2.954
202212 1.137 125.222 1.197
202303 0.670 127.348 0.693
202306 0.221 128.729 0.226
202309 -1.394 129.860 -1.415
202312 0.661 129.419 0.673
202403 0.701 131.776 0.701

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 Mortgage Capital  (LTS:0JD3) 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 Mortgage Capital Cyclically Adjusted PS Ratio Related Terms

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


Invesco Mortgage Capital (LTS:0JD3) Business Description

Traded in Other Exchanges
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.

Invesco Mortgage Capital (LTS:0JD3) Headlines

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