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First Trust Energy Income & Growth Fund (AMEX:FEN)
Median P/S Value
$32.65 (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 Nov. 2013 was $0.27. First Trust Energy Income & Growth Fund's 10-Year median P/S ratio is 120.93. Therefore, the Median P/S Value for today is $32.65.

As of today, First Trust Energy Income & Growth Fund's share price is $36.36. First Trust Energy Income & Growth Fund's median P/S value is $32.65. Therefore, First Trust Energy Income & Growth Fund's Price to Median P/S Value Ratio for today is 1.10.

FEN' s 10-Year Price to Median P/S Value Range
Min: 0.58   Max: 1.51
Current: 1.1

0.58
1.51

During the past 4 years, the highest Price to Median P/S Value Ratio of First Trust Energy Income & Growth Fund was 1.51. The lowest was 0.58. And the median was 0.99.

FEN's Price to Median P/S Value is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. FEN: 1.10 )

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
=0.27*120.93
=32.65

10-Year Median P/S Ratio is 120.93.
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 Nov. 2013 was $0.27.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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
=36.36/32.65
=1.11

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
medpsvalue 0.000.000.000.000.000.000.0018.1453.2132.65

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13
medpsvalue 0.000.000.000.000.0018.140.0053.210.0032.65
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