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Invesco Mortgage Capital (Invesco Mortgage Capital) Cyclically Adjusted PS Ratio : (As of Apr. 27, 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.

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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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - - -

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 Dec. 2023 is calculated as:

For example, Invesco Mortgage Capital's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.661/129.4194*129.4194
=0.661

Current CPI (Dec. 2023) = 129.4194.

Invesco Mortgage Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 -4.214 99.695 -5.470
201406 -4.390 100.560 -5.650
201409 1.002 100.428 1.291
201412 -6.178 99.070 -8.071
201503 -0.372 99.621 -0.483
201506 11.453 100.684 14.722
201509 -10.343 100.392 -13.334
201512 10.309 99.792 13.370
201603 -12.380 100.470 -15.947
201606 0.423 101.688 0.538
201609 11.124 101.861 14.134
201612 16.055 101.863 20.398
201703 8.676 102.862 10.916
201706 5.223 103.349 6.541
201709 6.243 104.136 7.759
201712 12.953 104.011 16.117
201803 5.459 105.290 6.710
201806 9.117 106.317 11.098
201809 -3.835 106.507 -4.660
201812 -13.457 105.998 -16.430
201903 12.376 107.251 14.934
201906 2.254 108.070 2.699
201909 7.304 108.329 8.726
201912 9.056 108.420 10.810
202003 -101.901 108.902 -121.100
202006 -16.712 108.767 -19.885
202009 5.388 109.815 6.350
202012 6.879 109.897 8.101
202103 -0.145 111.754 -0.168
202106 -2.588 114.631 -2.922
202109 2.184 115.734 2.442
202112 -1.814 117.630 -1.996
202203 -6.706 121.301 -7.155
202206 -3.093 125.017 -3.202
202209 -2.807 125.227 -2.901
202212 1.137 125.222 1.175
202303 0.670 127.348 0.681
202306 0.221 128.729 0.222
202309 -1.394 129.860 -1.389
202312 0.661 129.419 0.661

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  (NYSE:IVR) 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 (Invesco Mortgage Capital) Business Description

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.
Executives
Carolyn L Gibbs director 1331 SPRING ST. NW, SUITE 2500, ATLANTA GA 30309
Katharine Kelley director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Lientz James R Jr director GEORGIA POSER CO BIN 10240, 241 RALPH MCGILL BLVD, ATLANTA GA 30308
John Anzalone officer: Chief Investment Officer INVESCO LTD., 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kevin M Collins officer: Executive Vice President 1555 PEACHTREE STREET NE, SUITE 1800, ATLANTA GA 30309
Phegley Richard Lee Jr. officer: Chief Financial Officer 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Don H Liu director 1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Beth Zayicek director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
David B Lyle officer: Executive Vice President 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
John Day director 1520 OLD TROLLEY ROAD, SUMMERVILLE SC 29485
Dennis P Lockhart director 100 GOLF ROAD, GOLF IL 60029
Brian Norris officer: Interim CIO 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309
Edward J Hardin director 5430 LBJ FREEWAY, SUIT 1700, DALLAS TX 75240
Mario Clemente other: Officer of Manager 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309
Loren M Starr director