Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PSF's Cyclically Adjusted PB Ratio is ranked better than 64.23% of 970
companies
in the Asset Management industry
Industry Median: 0.84
vs PSF: 0.65
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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Cohen & Steers Select Preferred andome Fund's adjusted book value per share data of for the fiscal year that ended in Dec25 was $22.107. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $29.00 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cohen & Steers Select Preferred andome Fund (NYSE:PSF) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.
Cohen & Steers Select Preferred andome Fund Cyclically Adjusted PB Ratio Related Terms
Cohen & Steers Select Preferred andome Fund Cyclically Adjusted PB Ratio Historical Data
* 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.
Cohen & Steers Select Preferred andome Fund Cyclically Adjusted PB Ratio Chart
Cohen & Steers Select Preferred andome Fund Annual Data
PSF vs LIEN, FTF, BXSY: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.
Cohen & Steers Select Preferred andome Fund Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio falls into.
Cohen & Steers Select Preferred andome Fund Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 0.65 mean?
Cohen & Steers Select Preferred andome Fund (PSF) has a Cyclically Adjusted PB Ratio of 0.65 as of Sep. 12, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Cohen & Steers Select Preferred andome Fund and its competitors. This is near median its historical median of 0.68. Over the past decade, Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio has ranged from 0.65 to 0.71. According to the industry distribution chart, Cohen & Steers Select Preferred andome Fund ranks #347 out of 970 companies in the Asset Management industry, placing it in the top 35.8%.
Is Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio too high?
Cohen & Steers Select Preferred andome Fund's current Cyclically Adjusted PB Ratio of 0.65 is near median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 0.71. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Cohen & Steers Select Preferred andome Fund's value of 0.65 is 22.6% below this industry median. Based on the distribution chart, Cohen & Steers Select Preferred andome Fund ranks #347 out of 970 companies in the Asset Management industry, which is above the industry midpoint. Overall, Cohen & Steers Select Preferred andome Fund has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cohen & Steers Select Preferred andome Fund's Cyclically Adjusted PB Ratio compare to LIEN and FTF?
According to the Asset Management industry distribution chart, Cohen & Steers Select Preferred andome Fund ranks #347 out of 970 companies for Cyclically Adjusted PB Ratio. This puts Cohen & Steers Select Preferred andome Fund in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Cohen & Steers Select Preferred andome Fund's value of 0.65 is 22.6% below this benchmark. Historically, Cohen & Steers Select Preferred andome Fund's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 0.71 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.84, Cohen & Steers Select Preferred andome Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 970 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cohen & Steers Select Preferred andome Fund's current Cyclically Adjusted PB Ratio of 0.65 is 22.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Cohen & Steers Select Preferred andome Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cohen & Steers Select Preferred andome Fund's current Cyclically Adjusted PB Ratio is 0.65, which is near median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cohen & Steers Select Preferred andome Fund stock overvalued right now?
Based on GuruFocus' analysis, Cohen & Steers Select Preferred andome Fund (PSF) is currently considered Fairly Valued. The stock's GF Value™ is $17.47, compared to a current price of $18.81 — trading 7.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is near median its 10-year median of 0.68 and 22.6% below the Asset Management industry median of 0.84. Cohen & Steers Select Preferred andome Fund's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Cohen & Steers Select Preferred andome Fund (PSF), the current Cyclically Adjusted PB Ratio is 0.65 as of Sep. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cohen & Steers Select Preferred andome Fund (PSF) Overvalued in 2026?
Based on GuruFocus' analysis, Cohen & Steers Select Preferred andome Fund stock appears to be overvalued.
The current stock price of $18.81 is trading 7.7% above its estimated GF Value™ of $17.47.
GuruFocus considers Cohen & Steers Select Preferred andome Fund to be Fairly Valued.
Key valuation signals for PSF:
Cyclically Adjusted PB Ratio: 0.65 (near median its 10-year median of 0.68)
GF Value™: $17.47 vs. price of $18.81 (7.7% above fair value)
Industry Position: 22.6% below the Asset Management median (#347 of 970)
No single metric tells the full story. See the PSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cohen & Steers Select Preferred and Income Fund Inc is a diversified, closed-end investment company. The Fund's primary investment objective is high current income with capital appreciation as its secondary objective. The Fund invests at least of its Managed Assets in preferred and other income securities issued by U.S. and non-U.S. companies.
52GF Score
Get the complete analysis for PSF
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PSF has been successfully added to your 
