GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Munivest Fund Inc (NYSE:MVF) » Definitions » Cyclically Adjusted PS Ratio

Blackrock Munivest Fund (Blackrock Munivest Fund) Cyclically Adjusted PS Ratio : 12.87 (As of May. 01, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Blackrock Munivest Fund Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Blackrock Munivest Fund's current share price is $6.82. Blackrock Munivest Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 was $0.53. Blackrock Munivest Fund's Cyclically Adjusted PS Ratio for today is 12.87.

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

MVF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.38   Med: 12.94   Max: 15.95
Current: 12.88

During the past 13 years, Blackrock Munivest Fund's highest Cyclically Adjusted PS Ratio was 15.95. The lowest was 9.38. And the median was 12.94.

MVF's Cyclically Adjusted PS Ratio is ranked worse than
68.9% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs MVF: 12.88

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.

Blackrock Munivest Fund's adjusted revenue per share data of for the fiscal year that ended in Jul23 was $-0.175. 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 $0.53 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackrock Munivest Fund Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Blackrock Munivest Fund'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.

Blackrock Munivest Fund Cyclically Adjusted PS Ratio Chart

Blackrock Munivest Fund Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.91 14.10 13.81 12.88

Blackrock Munivest Fund Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Jan23 Jul23 Jan24
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 13.81 - - 12.88 -

Competitive Comparison of Blackrock Munivest Fund's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Blackrock Munivest Fund'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.


Blackrock Munivest Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackrock Munivest Fund's Cyclically Adjusted PS Ratio falls into.



Blackrock Munivest Fund 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.

Blackrock Munivest Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.82/0.53
=12.87

* 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.

Blackrock Munivest Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Blackrock Munivest Fund's adjusted Revenue per Share data for the fiscal year that ended in Jul23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=-0.175/128.9743*128.9743
=-0.175

Current CPI (Jul23) = 128.9743.

Blackrock Munivest Fund Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201308 -0.822 98.675 -1.074
201408 1.819 100.352 2.338
201508 0.419 100.548 0.537
201608 0.979 101.617 1.243
201708 -0.050 103.587 -0.062
201808 0.128 106.383 0.155
201908 0.947 108.245 1.128
202008 0.187 109.662 0.220
202108 0.887 115.421 0.991
202307 -0.175 128.974 -0.175

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.


Blackrock Munivest Fund  (NYSE:MVF) 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.


Blackrock Munivest Fund Cyclically Adjusted PS Ratio Related Terms

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


Blackrock Munivest Fund (Blackrock Munivest Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Munivest Fund Inc is an investment management firm. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The company invests in various sectors such as Health; Transportation; Utilities; Education; Tobacco; Housing and others.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Michael Perilli other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
Peter Hayes other: Officer of the Advisor 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
J.p. Morgan Taxable Putters/taxable Drivers, Series T0007 Trust 10 percent owner C/O U.S. BANK TRUST NATIONAL ASSOCIATION, 100 WALL STREET-SUITE 1600, NEW YORK NY 10005
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240