AGFMF (AGF Management) Cyclically Adjusted PS Ratio: 2.44 (As of Sep. 17, 2026) — 105% Above Median

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AGFMF AGF Management Ltd AGFMF
80 GF Score
Price $13.55
GF Value $9.60
Valuation Significantly Overvalued
! 3 Warning Signs
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What is AGF Management Cyclically Adjusted PS Ratio?

AGF Management AGFMF -1.24% 80 Cyclically Adjusted PS Ratio is 2.44 as of Sep. 17, 2026, which is 105% above its 10-year median of 1.19. GuruFocus rates AGFMF with a GF Score™ of 80/100 and a GF Value™ of $9.60 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 919 Asset Management companies, AGF Management ranks better than 78.78% on this metric.

As of today (2026-09-17), AGF Management's current share price is $13.55. AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was $5.55. AGF Management's Cyclically Adjusted PS Ratio for today is 2.44.

The historical rank and industry rank for AGF Management's Cyclically Adjusted PS Ratio or its related term are showing as below:

AGFMF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.19   Max: 3.33
Current: 2.82

During the past years, AGF Management's highest Cyclically Adjusted PS Ratio was 3.33. The lowest was 0.45. And the median was 1.19.

AGFMF's Cyclically Adjusted PS Ratio is ranked better than
78.78% of 919 companies
in the Asset Management industry
Industry Median: 7.74 vs AGFMF: 2.82

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.

AGF Management's adjusted revenue per share data for the three months ended in May. 2026 was $1.799. 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 $5.55 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGF Management  (OTCPK:AGFMF) 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.


AGF Management Cyclically Adjusted PS Ratio Related Terms


AGF Management Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AGF Management'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.

AGF Management Cyclically Adjusted PS Ratio Chart

AGF Management Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 0.99 1.07 1.56 1.86

AGF Management Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.61 1.69 1.85 2.79 2.29

AGFMF vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, AGF Management'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.


AGF Management Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, AGF Management's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where AGF Management's Cyclically Adjusted PS Ratio falls into.


AGFMF
80GF Score
AGF Management Ltd AGFMF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AGF Management 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.

AGF Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.55/5.549
=2.44

* 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.

AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, AGF Management's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1.799/134.0005*134.0005
=1.799

Current CPI (May. 2026) = 134.0005.

AGF Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 1.021 101.686 1.345
201611 0.963 101.607 1.270
201702 0.966 102.476 1.263
201705 0.998 103.108 1.297
201708 1.036 103.108 1.346
201711 1.043 103.740 1.347
201802 1.042 104.688 1.334
201805 1.026 105.399 1.304
201808 1.025 106.031 1.295
201811 0.963 105.478 1.223
201902 0.917 106.268 1.156
201905 0.956 107.927 1.187
201908 0.977 108.085 1.211
201911 1.007 107.769 1.252
202002 1.016 108.559 1.254
202005 0.782 107.532 0.974
202008 1.303 108.243 1.613
202011 1.014 108.796 1.249
202102 1.153 109.745 1.408
202105 1.213 111.404 1.459
202108 1.270 112.668 1.510
202111 1.427 113.932 1.678
202202 1.328 115.986 1.534
202205 1.294 120.016 1.445
202208 1.206 120.569 1.340
202211 1.215 121.675 1.338
202302 1.223 122.070 1.343
202305 1.238 124.045 1.337
202308 1.250 125.389 1.336
202311 1.198 125.468 1.279
202402 1.286 125.468 1.373
202405 1.414 127.601 1.485
202408 1.517 127.838 1.590
202411 1.437 127.838 1.506
202502 1.479 128.786 1.539
202505 1.372 129.813 1.416
202508 1.529 130.208 1.574
202511 1.537 130.682 1.576
202602 1.663 131.077 1.700
202605 1.799 134.001 1.799

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.

What does a Cyclically Adjusted PS Ratio of 2.44 mean?
AGF Management (AGFMF) has a Cyclically Adjusted PS Ratio of 2.44 as of Sep. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on AGF Management and its competitors. This is 105% above median its historical median of 1.19. Over the past decade, AGF Management's Cyclically Adjusted PS Ratio has ranged from 0.45 to 3.33. According to the industry distribution chart, AGF Management ranks #195 out of 919 companies in the Asset Management industry, placing it in the top 21.2%.
Is AGF Management's Cyclically Adjusted PS Ratio too high?
AGF Management's current Cyclically Adjusted PS Ratio of 2.44 is 105% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.33. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.74. AGF Management's value of 2.44 is 68.5% below this industry median. Based on the distribution chart, AGF Management ranks #195 out of 919 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, AGF Management has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AGF Management's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, AGF Management ranks #195 out of 919 companies for Cyclically Adjusted PS Ratio. This places AGF Management in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.74. AGF Management's value of 2.44 is 68.5% below this benchmark. Historically, AGF Management's own Cyclically Adjusted PS Ratio has ranged from 0.45 to 3.33 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 7.74, AGF Management 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 PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.74, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AGF Management's current Cyclically Adjusted PS Ratio of 2.44 is 68.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on AGF Management and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AGF Management's current Cyclically Adjusted PS Ratio is 2.44, which is 105% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGF Management stock overvalued right now?
Based on GuruFocus' analysis, AGF Management (AGFMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.60, compared to a current price of $13.55 — trading 41.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.44, which is 105% above median its 10-year median of 1.19 and 68.5% below the Asset Management industry median of 7.74. AGF Management's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For AGF Management (AGFMF), the current Cyclically Adjusted PS Ratio is 2.44 as of Sep. 17, 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 AGF Management (AGFMF) Overvalued in 2026?

Based on GuruFocus' analysis, AGF Management stock appears to be overvalued. The current stock price of $13.55 is trading 41.1% above its estimated GF Value™ of $9.60. GuruFocus considers AGF Management to be Significantly Overvalued.

Key valuation signals for AGFMF:

  • Cyclically Adjusted PS Ratio: 2.44 (105% above median its 10-year median of 1.19)
  • GF Value™: $9.60 vs. price of $13.55 (41.1% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 68.5% below the Asset Management median (#195 of 919)

No single metric tells the full story. See the AGFMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AGF Management Business Description

Other Exchanges A3J:GermanyAGF.B:Canada
Address 81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canadian-based independent asset manager. As of November 2025, the firm had CAD 60.4 billion in total assets under management with CAD 35.0 billion in retail mutual funds, CAD 9.5 billion in high net-worth private wealth, and the remaining in institutional, ETF, and private assets. AGF Management's funds are weighted toward equities with roughly three-quarters of the firm's retail AUM tied to equities.
80GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.55
Price
$9.60
GF Value