Switch to:
First Trust Energy Income & Growth Fund (AMEX:FEN)
Median P/S Value
$57.97 (As of Today)

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use P/S Ratio instead of P/E Ratio or P/B Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median P/S Value is calculated as trailing twelve months (TTM) revenue per share times 10-Year median P/S ratio. First Trust Energy Income & Growth Fund's revenue per share for the trailing twelve months (TTM) ended in May. 2016 was $0.729. First Trust Energy Income & Growth Fund's 10-Year median P/S ratio is 79.52. Therefore, the Median P/S Value for today is $57.97.

As of today, First Trust Energy Income & Growth Fund's share price is $25.71. First Trust Energy Income & Growth Fund's median P/S value is $57.97. Therefore, First Trust Energy Income & Growth Fund's Price to Median P/S Value Ratio for today is 0.44.

FEN' s Price to Median P/S Value Range Over the Past 10 Years
Min: 0   Max: 2.36
Current: 0.44

0
2.36

During the past 6 years, the highest Price to Median P/S Value Ratio of First Trust Energy Income & Growth Fund was 2.36. The lowest was 0.00. And the median was 1.02.

FEN's Price to Median P/S Value is ranked lower than
99.99% of the 752 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. FEN: 0.44 )

Definition

First Trust Energy Income & Growth Fund's Median P/S Value for today is calculated as

Median P/S Value=Total Annual Sales / Shares Outstanding*10-Year Median P/S Ratio
=Revenue per Share (TTM)*10-Year Median P/S Ratio
=0.729*79.52
=57.97

10-Year Median P/S Ratio is 79.52.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Trust Energy Income & Growth Fund's revenue per share for the trailing twelve months (TTM) ended in May. 2016 was $0.729.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use P/S Ratio instead of P/E Ratio or P/B Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company’s value.

First Trust Energy Income & Growth Fund's Price to Median P/S Value Ratio for today is calculated as

Price to Median P/S Value=Share Price/Median P/S Value
=25.71/57.97
=0.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Intrinsic Value (DCF Projected), Intrinsic Value (DCF), Intrinsic Value (DE), Graham Number, GAVA


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13Nov14Nov15
medpsvalue 0.000.000.000.000.0011.6134.6721.7134.9157.97

First Trust Energy Income & Growth Fund Semi-Annual Data

Nov11May12Nov12May13Nov13May14Nov14May15Nov15May16
medpsvalue 11.610.0034.670.0021.710.0034.910.0057.970.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK