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AG Mortgage Investment Trust (AG Mortgage Investment Trust) Cyclically Adjusted PS Ratio : 1.81 (As of Apr. 28, 2024)


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What is AG Mortgage Investment Trust Cyclically Adjusted PS Ratio?

As of today (2024-04-28), AG Mortgage Investment Trust's current share price is $5.65. AG Mortgage Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.13. AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio for today is 1.81.

The historical rank and industry rank for AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

MITT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 1.89   Max: 2.7
Current: 1.8

During the past years, AG Mortgage Investment Trust's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 1.23. And the median was 1.89.

MITT's Cyclically Adjusted PS Ratio is ranked better than
84.9% of 490 companies
in the REITs industry
Industry Median: 4.995 vs MITT: 1.80

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.

AG Mortgage Investment Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.552. 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 $3.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AG Mortgage Investment Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AG Mortgage Investment Trust'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.

AG Mortgage Investment Trust Cyclically Adjusted PS Ratio Chart

AG Mortgage Investment Trust 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 - - 1.85 1.98 2.03

AG Mortgage Investment Trust 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 1.98 2.34 1.77 1.63 2.03

Competitive Comparison of AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, AG Mortgage Investment Trust'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.


AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio falls into.



AG Mortgage Investment Trust 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.

AG Mortgage Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.65/3.13
=1.81

* 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.

AG Mortgage Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AG Mortgage Investment Trust'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)
=0.552/129.4194*129.4194
=0.552

Current CPI (Dec. 2023) = 129.4194.

AG Mortgage Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.864 99.695 5.016
201406 4.617 100.560 5.942
201409 2.956 100.428 3.809
201412 2.261 99.070 2.954
201503 1.892 99.621 2.458
201506 0.816 100.684 1.049
201509 0.474 100.392 0.611
201512 0.452 99.792 0.586
201603 0.377 100.470 0.486
201606 2.773 101.688 3.529
201609 5.528 101.861 7.024
201612 0.266 101.863 0.338
201703 3.068 102.862 3.860
201706 3.923 103.349 4.913
201709 3.942 104.136 4.899
201712 2.834 104.011 3.526
201803 1.213 105.290 1.491
201806 1.503 106.317 1.830
201809 1.732 106.507 2.105
201812 -3.131 105.998 -3.823
201903 3.607 107.251 4.353
201906 2.168 108.070 2.596
201909 1.580 108.329 1.888
201912 3.256 108.420 3.887
202003 -39.807 108.902 -47.307
202006 1.050 108.767 1.249
202009 0.841 109.815 0.991
202012 1.604 109.897 1.889
202103 1.567 111.754 1.815
202106 1.308 114.631 1.477
202109 2.115 115.734 2.365
202112 1.030 117.630 1.133
202203 -0.013 121.301 -0.014
202206 -1.460 125.017 -1.511
202209 0.409 125.227 0.423
202212 0.825 125.222 0.853
202303 0.921 127.348 0.936
202306 0.635 128.729 0.638
202309 0.497 129.860 0.495
202312 0.552 129.419 0.552

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.


AG Mortgage Investment Trust  (NYSE:MITT) 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.


AG Mortgage Investment Trust Cyclically Adjusted PS Ratio Related Terms

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


AG Mortgage Investment Trust (AG Mortgage Investment Trust) Business Description

Traded in Other Exchanges
Address
245 Park Avenue, 26th Floor, New York, NY, USA, 10167
AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets, which the company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise.
Executives
Matthew Jozoff director C/O AG MORTGAGE INVESTMENT TRUST, INC., 245 PARK AVENUE, FL. 26, NEW YORK NY 10167
Joseph Lamanna director 226 NORTH LINCOLN STREET, HINSDALE IL 60521
David N Roberts director, officer: Chief Executive Officer 245 PARK AVE 26TH FL, C/O ANGELO GRODON & CO, NEW YORK NY 10167
Nicholas P Smith officer: Chief Investment Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENEUE, 26TH FL., NEW YORK NY 10167
Jenny B Neslin officer: General Counsel & Secretary C/O NORTHSTAR ASSET MANAGEMENT GROUP, 399 PARK AVENUE 18TH FLOOR, NEW YORK NY 10022
Anthony William Rossiello officer: Chief Financial Officer 245 PARK AVENUE 26TH FLOOR, C/O ANGELO, GORDON & CO., L.P., NEW YORK NY 10167
Dianne Hurley director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Thomas Durkin director, officer: Chief Investment Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Alison Halpern officer: Chief Accounting Officer C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Brian Chad Sigman officer: Chief Financial Officer 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Debra Ann Hess director C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Andrew L Berger director 860 UNITED NATIONS PLAZA, #15G, NEW YORK NY 10017
Arthur S Ainsberg director C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Raul Enrique Moreno officer: General Counsel and Secretary C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167

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